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Alcon vs Warby Parker: revenue, profit, margins and growth compared

Alcon brought in $10.4B of revenue in fiscal 2025, Warby Parker $871.9M in fiscal 2025. Revenue changed by +4.9% at Alcon and +13.0% at Warby Parker on the year before, so Warby Parker grew faster. Alcon kept 9.4% of its revenue as net profit, Warby Parker 0.2%. Free cash flow was $1.7B at Alcon and $43.7M at Warby Parker.

Side by side, latest fiscal year

ALCWRBY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.4B$871.9M
Revenue growth+4.9%+13.0%
Net income$980M$1.6M
Net margin9.4%0.2%
Free cash flow$1.7B$43.7M
Free cash flow margin16.6%5.0%
Earnings per share (diluted)$1.98$0.01
Cash$1.5B$286.4M
Debt$4.7Bn/a
Price to earningsn/a2671.0
Market value$32.2B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#44 of 523 · Health care#155 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: $10.4BWRBY FY2019: $370.5MWRBY FY2021: $393.7MWRBY FY2021: $540.8MWRBY FY2022: $598.1MWRBY FY2023: $669.8MWRBY FY2024: $771.3MWRBY FY2025: $871.9MFY19FY20FY21FY22FY23FY24FY25
ALC $10.4BWRBY $871.9M
Net income
ALC FY2019: -$227MALC FY2019: -$656MALC FY2020: -$531MALC FY2021: $376MALC FY2022: $335MALC FY2023: $974MALC FY2024: $1BALC FY2025: $980MWRBY FY2019: $0WRBY FY2021: -$55.9MWRBY FY2021: -$144.3MWRBY FY2022: -$110.4MWRBY FY2023: -$63.2MWRBY FY2024: -$20.4MWRBY FY2025: $1.6MFY19FY20FY21FY22FY23FY24FY25
ALC $980MWRBY $1.6M
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%WRBY FY2019: 0.0%WRBY FY2021: -14.2%WRBY FY2021: -26.7%WRBY FY2022: -18.5%WRBY FY2023: -9.4%WRBY FY2024: -2.6%WRBY FY2025: 0.2%FY19FY20FY21FY22FY23FY24FY25
ALC 9.4%WRBY 0.2%
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%WRBY FY2021: +6.3%WRBY FY2021: +37.4%WRBY FY2022: +10.6%WRBY FY2023: +12.0%WRBY FY2024: +15.2%WRBY FY2025: +13.0%FY19FY20FY21FY22FY23FY24FY25
ALC +4.9%WRBY +13.0%
Free cash flow
ALC FY2019: $616MALC FY2019: $367MALC FY2020: $344MALC FY2021: $645MALC FY2022: $581MALC FY2023: $730MALC FY2024: $1.6BALC FY2025: $1.7BWRBY FY2019: -$11.2MWRBY FY2021: $12.7MWRBY FY2021: -$80.5MWRBY FY2022: -$49.8MWRBY FY2023: $7.3MWRBY FY2024: $34.7MWRBY FY2025: $43.7MFY19FY20FY21FY22FY23FY24FY25
ALC $1.7BWRBY $43.7M

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

Questions about Alcon and Warby Parker

Which is bigger by revenue, Alcon or Warby Parker?

Alcon is bigger by revenue: $10.4B in fiscal 2025, against $871.9M for Warby Parker in fiscal 2025.

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

Alcon had a net margin of 9.4% in fiscal 2025; Warby Parker had 0.2% in fiscal 2025.

Which grew revenue faster, Alcon or Warby Parker?

In their latest fiscal years revenue changed by +4.9% at Alcon and +13.0% at Warby Parker.

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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