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

Sempra is the larger business by last-quarter revenue ($3.3B vs $2.6B, roughly 1.3× ALCON INC). Sempra runs the higher net margin — 10.7% vs 6.8%, a 3.9% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (6.9% 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.

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

ALC vs SRE — Head-to-Head

Bigger by revenue
SRE
SRE
1.3× larger
SRE
$3.3B
$2.6B
ALC
Growing faster (revenue YoY)
SRE
SRE
+2.9% gap
SRE
6.9%
4.0%
ALC
Higher net margin
SRE
SRE
3.9% more per $
SRE
10.7%
6.8%
ALC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ALC
ALC
SRE
SRE
Revenue
$2.6B
$3.3B
Net Profit
$176.0M
$352.0M
Gross Margin
53.5%
Operating Margin
9.5%
7.2%
Net Margin
6.8%
10.7%
Revenue YoY
4.0%
6.9%
Net Profit YoY
-21.1%
-47.9%
EPS (diluted)
$0.35
$0.53

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
SRE
SRE
Q4 25
$3.3B
Q3 25
$2.8B
Q2 25
$2.6B
$2.7B
Q1 25
$3.7B
Q4 24
$3.1B
Q3 24
$2.6B
Q2 24
$2.5B
$2.5B
Q1 24
$3.7B
Net Profit
ALC
ALC
SRE
SRE
Q4 25
$352.0M
Q3 25
$95.0M
Q2 25
$176.0M
$473.0M
Q1 25
$917.0M
Q4 24
$676.0M
Q3 24
$649.0M
Q2 24
$223.0M
$725.0M
Q1 24
$812.0M
Gross Margin
ALC
ALC
SRE
SRE
Q4 25
Q3 25
Q2 25
53.5%
Q1 25
Q4 24
Q3 24
Q2 24
55.0%
Q1 24
Operating Margin
ALC
ALC
SRE
SRE
Q4 25
7.2%
Q3 25
10.6%
Q2 25
9.5%
17.3%
Q1 25
21.5%
Q4 24
35.0%
Q3 24
12.9%
Q2 24
12.7%
18.8%
Q1 24
22.7%
Net Margin
ALC
ALC
SRE
SRE
Q4 25
10.7%
Q3 25
3.4%
Q2 25
6.8%
17.5%
Q1 25
24.9%
Q4 24
22.0%
Q3 24
25.3%
Q2 24
8.9%
29.2%
Q1 24
22.0%
EPS (diluted)
ALC
ALC
SRE
SRE
Q4 25
$0.53
Q3 25
$0.12
Q2 25
$0.35
$0.71
Q1 25
$1.39
Q4 24
$1.04
Q3 24
$1.00
Q2 24
$0.45
$1.12
Q1 24
$1.26

Balance Sheet & Financial Strength

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

Metric
ALC
ALC
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$1.4B
$29.0M
Total DebtLower is stronger
$29.0B
Stockholders' EquityBook value
$22.1B
$31.6B
Total Assets
$31.4B
$110.9B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALC
ALC
SRE
SRE
Q4 25
$29.0M
Q3 25
$5.0M
Q2 25
$1.4B
$155.0M
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$560.0M
Q2 24
$1.4B
$228.0M
Q1 24
$606.0M
Total Debt
ALC
ALC
SRE
SRE
Q4 25
$29.0B
Q3 25
$29.0B
Q2 25
$34.9B
Q1 25
$33.3B
Q4 24
$31.6B
Q3 24
$31.0B
Q2 24
$29.0B
Q1 24
$29.5B
Stockholders' Equity
ALC
ALC
SRE
SRE
Q4 25
$31.6B
Q3 25
$31.2B
Q2 25
$22.1B
$31.7B
Q1 25
$31.6B
Q4 24
$31.2B
Q3 24
$29.7B
Q2 24
$20.9B
$29.5B
Q1 24
$29.1B
Total Assets
ALC
ALC
SRE
SRE
Q4 25
$110.9B
Q3 25
$106.9B
Q2 25
$31.4B
$99.9B
Q1 25
$99.0B
Q4 24
$96.2B
Q3 24
$93.7B
Q2 24
$29.7B
$90.5B
Q1 24
$89.6B
Debt / Equity
ALC
ALC
SRE
SRE
Q4 25
0.92×
Q3 25
0.93×
Q2 25
1.10×
Q1 25
1.05×
Q4 24
1.01×
Q3 24
1.04×
Q2 24
0.98×
Q1 24
1.01×

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
SRE
SRE
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$-2.2B
FCF MarginFCF / Revenue
-67.7%
Capex IntensityCapex / Revenue
104.0%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-6.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALC
ALC
SRE
SRE
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$784.0M
Q1 25
$1.5B
Q4 24
$1.4B
Q3 24
$1.0B
Q2 24
$669.0M
Q1 24
$1.9B
Free Cash Flow
ALC
ALC
SRE
SRE
Q4 25
$-2.2B
Q3 25
$-1.5B
Q2 25
$-1.5B
Q1 25
$-854.0M
Q4 24
$-1.1B
Q3 24
$-913.0M
Q2 24
$-1.2B
Q1 24
$-82.0M
FCF Margin
ALC
ALC
SRE
SRE
Q4 25
-67.7%
Q3 25
-52.6%
Q2 25
-56.3%
Q1 25
-23.2%
Q4 24
-35.4%
Q3 24
-35.5%
Q2 24
-49.4%
Q1 24
-2.2%
Capex Intensity
ALC
ALC
SRE
SRE
Q4 25
104.0%
Q3 25
92.9%
Q2 25
85.3%
Q1 25
63.5%
Q4 24
79.9%
Q3 24
75.3%
Q2 24
76.4%
Q1 24
52.3%
Cash Conversion
ALC
ALC
SRE
SRE
Q4 25
3.38×
Q3 25
11.68×
Q2 25
1.66×
Q1 25
1.62×
Q4 24
2.02×
Q3 24
1.57×
Q2 24
0.92×
Q1 24
2.28×

Financial Flow Comparison

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

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