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Side-by-side financial comparison of ALCON INC (ALC) and NOVARTIS AG (NVS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

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.

Novartis AG is a Swiss multinational pharmaceutical corporation based in Basel, Switzerland. Novartis is one of the largest pharmaceutical companies in the world and was the eighth largest by revenue in 2024.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
ALC
ALC
NVS
NVS
Q2 25
$2.6B
Q2 24
$2.5B
Q2 23
$2.4B
Q2 22
$2.2B
Net Profit
ALC
ALC
NVS
NVS
Q2 25
$176.0M
Q2 24
$223.0M
Q2 23
$169.0M
Q2 22
$148.0M
Gross Margin
ALC
ALC
NVS
NVS
Q2 25
53.5%
Q2 24
55.0%
Q2 23
56.3%
Q2 22
54.3%
Operating Margin
ALC
ALC
NVS
NVS
Q2 25
9.5%
Q2 24
12.7%
Q2 23
11.1%
Q2 22
9.0%
Net Margin
ALC
ALC
NVS
NVS
Q2 25
6.8%
Q2 24
8.9%
Q2 23
7.0%
Q2 22
6.7%
EPS (diluted)
ALC
ALC
NVS
NVS
Q2 25
$0.35
Q2 24
$0.45
Q2 23
$0.34
Q2 22
$0.30

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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