Alcon Inc.

ALCNYSEHealthcare● Active

$66.62

$-0.19(-0.28%)

Market Cap$32.5B

P/E Ratio—

52W High$92.55

52W Low$61.835

Avg Volume1.9M

Open$66.57

Beta0.70

Overview

Alcon Inc. (ALC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ALC · free cash flow · updated Jun 8, 2026

Core FCF metrics

ALC · FCF · TTM · margin & CAGR

Free cash flow was $1.73B for FY2025 (fiscal year ending 2025-12-31), up 22.8% year-over-year The FCF margin was 16.6%. Five-year CAGR stands at +46.5%.

FY2025 Free Cash Flow$1.73B▲ +22.8% YoY

Trailing 12M (TTM)$1.70Btrailing 4 quarters sum

FCF Margin16.6%$1.73B ÷ revenue

3-Year CAGR+54.1%FY2022 → FY2025

5-Year CAGR+46.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ALC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.27B(543M)$1.73B▲ +22.8%16.6%

FY2024$2.08B(670M)$1.41B▲ +162.0%14.2%

FY2023$1.39B(851M)$537.0M▲ +13.8%5.7%

FY2022$1.22B(745M)$472.0M▲ +186.1%5.4%

FY2021$1.34B(1.18B)$165.0M▼ 35.5%2.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ALC · P/FCF · FCF yield · FCF per share

Alcon Inc. (ALC) trades at a FCF yield of 5.25% and a price-to-free-cash-flow ratio of 19.4x. FCF per share stands at $3.44, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.25%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.44

TTM FCF ÷ Shares Outstanding

Price / FCF

x19.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ALC · cash flow statement · operating / investing / financing

For FY2025, Alcon Inc. generated $2.27B in operating cash flow and spent 543M in capital expenditures, yielding $1.73B in free cash flow.

Operating Activities

+$2.27B

Cash from core business operations

2025-12-31

Investing Activities

−$1.34B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.12B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.27B) − |CapEx| (543M) = FCF ($1.73B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

ALC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Alcon Inc.YOU

ALC

$1.73B+22.8%16.6%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Alcon Inc. (ALC) reported free cash flow of $1.73B for FY2025 (fiscal year ending 2025-12-31), up 22.8% year-over-year. The FCF margin was 16.6%.

Based on available data, Alcon Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $1.73B in FY2025. The 5-year CAGR stands at +46.5%.

Alcon Inc.'s FCF yield is 5.25% and price-to-FCF ratio is 19.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ALC free cash flow · 8 questions

Alcon Inc. free cash flow was $1.73B for FY2025, up 22.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.70B.

ALC free cash flowALC FCFALC FCF 2025ALC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Alcon Inc. · Alcon Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026