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Alcon vs RxSight: revenue, profit, margins and growth compared

Alcon brought in $10.4B of revenue in fiscal 2025, RxSight $134.5M in fiscal 2025. Revenue changed by +4.9% at Alcon and -3.9% at RxSight on the year before, so Alcon grew faster. Alcon kept 9.4% of its revenue as net profit, RxSight -29.0%. Free cash flow was $1.7B at Alcon and -$19.3M at RxSight.

Side by side, latest fiscal year

ALCRXST
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.4B$134.5M
Revenue growth+4.9%-3.9%
Net income$980M-$38.9M
Net margin9.4%-29.0%
Free cash flow$1.7B-$19.3M
Free cash flow margin16.6%-14.4%
Earnings per share (diluted)$1.98-$0.95
Cash$1.5B$19.9M
Debt$4.7Bn/a
Price to earningsn/an/a
Market value$32.2B$193.8M
Dividend yieldn/an/a
Rank by revenue in sector#44 of 523 · Health care#279 of 523 · Health care

Over the years

Revenue
ALC FY2019: $7.2BALC FY2019: $7.5BALC FY2020: $6.8BALC FY2021: $8.3BALC FY2022: $8.7BALC FY2023: $9.5BALC FY2024: $9.9BALC FY2025: $10.4BRXST FY2021: $14.7MRXST FY2021: $22.6MRXST FY2022: $49MRXST FY2023: $89.1MRXST FY2024: $139.9MRXST FY2025: $134.5MFY19FY20FY21FY22FY23FY24FY25
ALC $10.4BRXST $134.5M
Net income
ALC FY2019: -$227MALC FY2019: -$656MALC FY2020: -$531MALC FY2021: $376MALC FY2022: $335MALC FY2023: $974MALC FY2024: $1BALC FY2025: $980MRXST FY2021: $27.6MRXST FY2021: -$48.7MRXST FY2022: -$66.8MRXST FY2023: -$48.6MRXST FY2024: -$27.5MRXST FY2025: -$38.9MFY19FY20FY21FY22FY23FY24FY25
ALC $980MRXST -$38.9M
Net margin
ALC FY2019: -3.2%ALC FY2019: -8.7%ALC FY2020: -7.8%ALC FY2021: 4.5%ALC FY2022: 3.8%ALC FY2023: 10.3%ALC FY2024: 10.3%ALC FY2025: 9.4%RXST FY2021: 187.9%RXST FY2021: -215.5%RXST FY2022: -136.2%RXST FY2023: -54.6%RXST FY2024: -19.6%RXST FY2025: -29.0%FY19FY20FY21FY22FY23FY24FY25
ALC 9.4%RXST -29.0%
Revenue growth
ALC FY2019: +5.0%ALC FY2020: -9.0%ALC FY2021: +21.3%ALC FY2022: +5.1%ALC FY2023: +8.5%ALC FY2024: +4.8%ALC FY2025: +4.9%RXST FY2021: +53.9%RXST FY2022: +116.9%RXST FY2023: +81.8%RXST FY2024: +57.1%RXST FY2025: -3.9%FY19FY20FY21FY22FY23FY24FY25
ALC +4.9%RXST -3.9%
Free cash flow
ALC FY2019: $616MALC FY2019: $367MALC FY2020: $344MALC FY2021: $645MALC FY2022: $581MALC FY2023: $730MALC FY2024: $1.6BALC FY2025: $1.7BRXST FY2021: -$37.7MRXST FY2021: -$46.6MRXST FY2022: -$61.2MRXST FY2023: -$46.4MRXST FY2024: -$22.4MRXST FY2025: -$19.3MFY19FY20FY21FY22FY23FY24FY25
ALC $1.7BRXST -$19.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Alcon and RxSight

Which is bigger by revenue, Alcon or RxSight?

Alcon is bigger by revenue: $10.4B in fiscal 2025, against $134.5M for RxSight in fiscal 2025.

Which keeps more of its revenue as profit, Alcon or RxSight?

Alcon had a net margin of 9.4% in fiscal 2025; RxSight had -29.0% in fiscal 2025.

Which grew revenue faster, Alcon or RxSight?

In their latest fiscal years revenue changed by +4.9% at Alcon and -3.9% at RxSight.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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