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Side-by-side financial comparison of ALCON INC (ALC) and Simon Property Group (SPG). Click either name above to swap in a different company.

ALCON INC is the larger business by last-quarter revenue ($2.6B vs $1.8B, roughly 1.4× Simon Property Group). Simon Property Group runs the higher net margin — 197.6% vs 6.8%, a 190.8% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 4.0%).

Alcon Inc. is a Swiss-American pharmaceutical and medical device company specializing in eye care products. Alcon is incorporated in the Canton of Fribourg, Switzerland, and its global headquarters are located in Geneva, but its main operational base is in Fort Worth, Texas, United States, where it employs about 4,500 people.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

ALC vs SPG — Head-to-Head

Bigger by revenue
ALC
ALC
1.4× larger
ALC
$2.6B
$1.8B
SPG
Growing faster (revenue YoY)
SPG
SPG
+9.2% gap
SPG
13.2%
4.0%
ALC
Higher net margin
SPG
SPG
190.8% more per $
SPG
197.6%
6.8%
ALC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
SPG
SPG
Revenue
$2.6B
$1.8B
Net Profit
$176.0M
$3.5B
Gross Margin
53.5%
Operating Margin
9.5%
49.7%
Net Margin
6.8%
197.6%
Revenue YoY
4.0%
13.2%
Net Profit YoY
-21.1%
358.7%
EPS (diluted)
$0.35
$9.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALC
ALC
SPG
SPG
Q4 25
$1.8B
Q3 25
$1.6B
Q2 25
$2.6B
$1.5B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$2.5B
$1.5B
Q1 24
$1.4B
Net Profit
ALC
ALC
SPG
SPG
Q4 25
$3.5B
Q3 25
$702.7M
Q2 25
$176.0M
$643.7M
Q1 25
$477.9M
Q4 24
$771.8M
Q3 24
$546.7M
Q2 24
$223.0M
$569.4M
Q1 24
$841.2M
Gross Margin
ALC
ALC
SPG
SPG
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
Q3 24
Q2 24
55.0%
Q1 24
Operating Margin
ALC
ALC
SPG
SPG
Q4 25
49.7%
Q3 25
50.8%
Q2 25
9.5%
49.7%
Q1 25
49.4%
Q4 24
52.8%
Q3 24
51.9%
Q2 24
12.7%
51.7%
Q1 24
51.0%
Net Margin
ALC
ALC
SPG
SPG
Q4 25
197.6%
Q3 25
43.9%
Q2 25
6.8%
43.0%
Q1 25
32.4%
Q4 24
48.8%
Q3 24
36.9%
Q2 24
8.9%
39.0%
Q1 24
58.3%
EPS (diluted)
ALC
ALC
SPG
SPG
Q4 25
$9.34
Q3 25
$1.86
Q2 25
$0.35
$1.70
Q1 25
$1.27
Q4 24
$2.04
Q3 24
$1.46
Q2 24
$0.45
$1.51
Q1 24
$2.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALC
ALC
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$1.4B
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$22.1B
$5.2B
Total Assets
$31.4B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
SPG
SPG
Q4 25
$823.1M
Q3 25
$1.6B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$2.5B
Q2 24
$1.4B
$2.5B
Q1 24
$2.6B
Total Debt
ALC
ALC
SPG
SPG
Q4 25
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Q1 24
$25.5B
Stockholders' Equity
ALC
ALC
SPG
SPG
Q4 25
$5.2B
Q3 25
$2.3B
Q2 25
$22.1B
$2.5B
Q1 25
$2.6B
Q4 24
$2.9B
Q3 24
$2.7B
Q2 24
$20.9B
$2.9B
Q1 24
$3.1B
Total Assets
ALC
ALC
SPG
SPG
Q4 25
$40.6B
Q3 25
$33.6B
Q2 25
$31.4B
$33.3B
Q1 25
$32.5B
Q4 24
$32.4B
Q3 24
$33.3B
Q2 24
$29.7B
$33.4B
Q1 24
$33.7B
Debt / Equity
ALC
ALC
SPG
SPG
Q4 25
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
8.25×
Q3 24
9.37×
Q2 24
8.59×
Q1 24
8.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALC
ALC
SPG
SPG
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$948.8M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
SPG
SPG
Q4 25
$1.2B
Q3 25
$890.3M
Q2 25
$1.2B
Q1 25
$827.2M
Q4 24
$1.1B
Q3 24
$892.9M
Q2 24
$1.1B
Q1 24
$773.1M
Free Cash Flow
ALC
ALC
SPG
SPG
Q4 25
$948.8M
Q3 25
$685.0M
Q2 25
$971.3M
Q1 25
$597.0M
Q4 24
$867.7M
Q3 24
$706.5M
Q2 24
$874.8M
Q1 24
$610.1M
FCF Margin
ALC
ALC
SPG
SPG
Q4 25
53.0%
Q3 25
42.8%
Q2 25
64.8%
Q1 25
40.5%
Q4 24
54.8%
Q3 24
47.7%
Q2 24
60.0%
Q1 24
42.3%
Capex Intensity
ALC
ALC
SPG
SPG
Q4 25
14.2%
Q3 25
12.8%
Q2 25
16.3%
Q1 25
15.6%
Q4 24
13.8%
Q3 24
12.6%
Q2 24
12.9%
Q1 24
11.3%
Cash Conversion
ALC
ALC
SPG
SPG
Q4 25
0.34×
Q3 25
1.27×
Q2 25
1.89×
Q1 25
1.73×
Q4 24
1.41×
Q3 24
1.63×
Q2 24
1.87×
Q1 24
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALC
ALC

Segment breakdown not available.

SPG
SPG

Real Estate Segment$1.7B95%
Other$86.3M5%

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