ABT vs DXCM vs ALC Stock Comparison

Abbott Laboratories, Dexcom and Alcon Prices as of Nov 3, 2026 Peers: Industry group
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ABT Abbott Laboratories
$109.41 +12.2% 1M -11.7% 1Y
Market cap
$202.13B
P/E
37.3x
Revenue (TTM)
$46.59B
Div. yield
0.02%
Medical Devices Healthcare
5 wins
DXCM Dexcom Inc
$82.97 -2.8% 1M +37.3% 1Y
Market cap
$33.26B
P/E
33.6x
Revenue (TTM)
$5.10B
Div. yield
–
Medical Devices Healthcare
5 wins
ALC Alcon Inc
$72.37 +13.5% 1M -2.0% 1Y
Market cap
$38.20B
P/E
59.4x
Revenue (TTM)
$10.80B
Div. yield
–
Medical Devices Healthcare

Head to Head

10 decided of 12

Abbott Laboratories leads on 5 of the 12 questions below (Abbott Laboratories 5, Dexcom 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionABTDXCMALCLeader
Larger companyMarket capitalisation $202.13B $33.26B $38.20B ABT
Cheaper on earningsLower P/E, profitable companies only 37.3x 33.6x 59.4x DXCM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.2x 29.3x 22.5x ABT
Faster revenue growthRevenue growth, trailing twelve months +8.1% +13.0% +8.5% DXCM
More profitableNet margin, trailing twelve months 11.6% 19.4% 6.0% DXCM
Better return on capitalReturn on invested capital 6.2% — 3.6% ABT
Less leveragedLower net debt / EBITDA 2.5x — — –
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -11.7% +37.3% -2.0% DXCM
Better 5-year returnAnnualised price return, 5 years -3.3%/yr -12.0%/yr -3.4%/yr ABT
Less volatileAnnualised volatility, 1 year 27.8% 37.5% 28.8% ABT
Higher overall scoreMean of the five percentile scores vs peers 56/100 74/100 68/100 DXCM

Percentile Scorecard

ABTDXCMALC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisABTDXCMALC
Valuation 66 #78 of 229 67 #76 of 229 77 #53 of 229
Growth 29 #157 of 221 83 #39 of 221 48 #115 of 221
Profitability 85 #33 of 209 99 #3 of 209 76 #51 of 209
Financial Health 36 #153 of 240 35 #157 of 240 62 #93 of 240
Shareholder Returns 66 #51 of 147 87 #20 of 147 77 #34 of 147
Overall 56 74 68
  • ABT ranked among 248 companies in Medical Devices and Diagnostics
  • DXCM ranked among 248 companies in Medical Devices and Diagnostics
  • ALC ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodABTDXCMALCSPY
1 month +12.2%-2.8%+13.5% -2.0%
3 months +3.7%-4.6%+1.9% -2.2%
6 months +25.5%+39.5%-2.8% +4.2%
Year to date -12.7%+25.0%-8.2% +10.6%
1 year -11.7%+37.3%-2.0% +10.4%
3 years +14.2%-14.9%-2.6% +73.6%
3 years, per year +4.5%-5.2%-0.9% +20.2%
5 years -15.2%-47.3%-15.7% +61.6%
5 years, per year -3.3%-12.0%-3.4% +10.1%
10 years +185.1%+452.4%— +261.3%
10 years, per year +11.0%+18.6%— +13.7%

Risk

MeasureABTDXCMALCSPY
Volatility, 1Y 27.8%37.5%28.8% 12.8%
Downside volatility, 1Y 27.5%33.6%29.0% 12.8%
Beta vs S&P 500, 1Y -0.040.610.36 1.00
Return / volatility, 1Y -0.421.00-0.07 0.81
Max drawdown, 5Y -41.6%-66.3%-38.4% -25.4%
From 52-week high -16.2%-10.1%-17.0% -3.2%
52-week high $130.59$92.34$87.18 $779.14
52-week low $82.56$54.84$62.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleABTDXCMALC
P/E now vs peer median 35.1xmedian 28.1x 31.4xmedian 28.1x 55.5xmedian 28.1x
P/S now vs peer median 4.1xmedian 2.9x 6.1xmedian 2.9x 3.3xmedian 2.9x
EV/EBITDA now vs peer median 20.0xmedian 18.0x 19.4xmedian 18.0x —median 18.0x
P/FCF now vs peer median 24.2xmedian 24.8x 28.2xmedian 24.8x 20.3xmedian 24.8x
P/B now vs peer median 3.7xmedian 2.3x 12.2xmedian 2.3x 1.6xmedian 2.3x
PEG now vs peer median 19.31median 0.95 0.73median 0.95 2.65median 0.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsABTDXCMALC
Revenue $46.59B $5.10B $10.80B
Gross profit $26.37B $3.24B $6.17B
Operating income $7.35B $1.22B $948.00M
Net income $5.43B $991.00M $643.00M
Free cash flow $7.82B $1.10B $1.74B
R&D $3.16B $608.10M $1.43B
EPS (diluted) $3.11 $2.58 $1.30
Cash & equivalents $5.10B $961.40M $1.36B
Total debt $32.61B – $4.72B
Shares (diluted) 1.74B 383.50M 496.20M
Enterprise value $172.56B $25.08B $29.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricABTDXCMALC
P/E 35.1x 31.4x 55.5x
P/FCF 24.2x 28.2x 20.3x
P/Operating cash flow 19.1x 21.9x 15.3x
P/S 4.1x 6.1x 3.3x
P/B 3.7x 12.2x 1.6x
P/Tangible book 5.5x 12.7x 2.6x
EV/EBITDA 20.0x 19.4x –
EV/EBIT 29.4x 23.8x 39.9x
EV/Revenue 4.6x 5.7x 3.5x
EV/FCF 27.6x 26.5x 21.8x
EV/Operating cash flow 21.8x 20.6x 16.4x
PEG (3Y EPS CAGR) 19.31 0.73 2.65

Growth

14 metrics
MetricABTDXCMALC
Revenue growth (1Y) 8.1% 13.0% 8.5%
Revenue CAGR (3Y) 5.0% 14.5% 5.9%
Gross profit growth (1Y) 9.2% 21.5% 11.7%
Gross profit CAGR (3Y) 5.9% 14.2% 7.3%
Operating income growth (1Y) -2.2% 57.4% -34.3%
Operating income CAGR (3Y) 6.2% 34.2% 7.5%
Net income growth (1Y) -61.2% 37.5% -40.1%
Net income CAGR (3Y) 1.7% 38.0% 21.1%
EPS growth (1Y) -61.0% 46.1% -40.7%
EPS CAGR (3Y) 1.8% 43.0% 21.0%
Operating cash flow growth (1Y) 9.6% -2.3% 10.3%
Operating cash flow CAGR (3Y) 9.9% 23.7% 25.9%
Free cash flow growth (1Y) 15.5% 3.4% 7.5%
Free cash flow CAGR (3Y) 12.5% 30.0% 48.0%

Profitability

14 metrics
MetricABTDXCMALC
Gross margin 56.6% 63.4% 57.2%
EBITDA margin 23.2% 29.4% –
Operating margin 15.8% 24.0% 8.8%
Pretax margin 16.1% 24.7% 6.9%
Net margin 11.6% 19.4% 6.0%
FCF margin 16.8% 21.5% 16.1%
Operating cash flow margin 21.3% 27.7% 21.4%
Return on equity 10.4% 38.4% 2.9%
Return on assets 4.9% 15.6% 2.1%
Return on invested capital 6.2% – 3.6%
Return on capital employed 8.0% 29.9% 3.4%
Asset turnover 0.4x 0.8x 0.3x
Cash conversion (OCF / net income) 1.8x 1.4x 3.6x
Stock comp / revenue 1.5% 3.0% 1.6%

Financial Health

11 metrics
MetricABTDXCMALC
Debt / assets 29.9% – 15.2%
Debt / equity 0.6x – 0.2x
Net debt / EBITDA 2.5x – –
Debt / FCF 4.2x – 2.7x
Liabilities / assets 52.6% 59.4% 30.6%
Equity / assets 47.4% 40.6% 69.4%
Interest coverage 9.6x – 9.2x
Current ratio 1.4x 1.7x 2.1x
Quick ratio 0.8x 1.3x 1.3x
Cash ratio 0.3x 0.8x 0.7x
Altman Z-score 3.34 7.51 –

Shareholder Returns

7 metrics
MetricABTDXCMALC
Dividend yield 2.3% – 0.4%
Net buyback yield 0.9% 2.2% 2.6%
Shareholder yield 3.2% 2.2% 3.0%
Payout ratio (earnings) 78.5% – –
Payout ratio (FCF) 54.5% – –
Dividend growth (1Y) 7.2% – –
Dividend CAGR (3Y) 7.5% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusABTDXCMALC
Forward P/E 19.2xFY2026 29.3xFY2026 22.5xFY2026
EPS, next fiscal year $5.69FY2026 $2.83FY2026 $3.22FY2026
EPS growth, next FY +10.5%FY2026 +35.4%FY2026 +7.7%FY2026
EPS growth, the year after +10.4% +4.9% +15.5%
Revenue, next fiscal year $53.00BFY2026 $5.08BFY2026 $10.50BFY2026
Revenue growth, next FY +19.5%FY2026 +9.0%FY2026 +4.3%FY2026
Revenue growth, the year after -2.2% +16.6% +8.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersABTDXCMALC
Held by institutions 79.2% 100.0% 48.8%
Institutions holding 2,983 977 631
Change in shares held, QoQ +0.3% +6.3% +5.3%
Institutions buying 1,261 522 227
Institutions selling 1,379 344 274
Buyers to sellers 0.91 1.52 0.83

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ABTDXCMALC
ABT 1.00 0.31 0.44
DXCM 0.31 1.00 0.30
ALC 0.44 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ABT, DXCM and ALC?

Abbott Laboratories (ABT) is the largest by market capitalisation: Abbott Laboratories (ABT) $202.13B, Dexcom (DXCM) $33.26B, Alcon (ALC) $38.20B.

Which stock is cheaper, ABT, DXCM and ALC?

Dexcom (DXCM) trades on the lowest price-to-earnings ratio (Abbott Laboratories (ABT) 37.3x, Dexcom (DXCM) 33.6x, Alcon (ALC) 59.4x). On next year's consensus earnings, Abbott Laboratories (ABT) is cheapest (Abbott Laboratories (ABT) 19.2x, Dexcom (DXCM) 29.3x, Alcon (ALC) 22.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Dexcom (DXCM) grew revenue fastest over the trailing twelve months: Abbott Laboratories (ABT) +8.1%, Dexcom (DXCM) +13.0%, Alcon (ALC) +8.5%.

Which company is more profitable?

Dexcom (DXCM) has the highest net margin (Abbott Laboratories (ABT) 11.6%, Dexcom (DXCM) 19.4%, Alcon (ALC) 6.0%). On return on invested capital, Abbott Laboratories (ABT) leads (Abbott Laboratories (ABT) 6.2%, Alcon (ALC) 3.6%).

Which stock has performed better?

Over the past year Dexcom (DXCM) returned the most: Abbott Laboratories (ABT) -11.7%, Dexcom (DXCM) +37.3%, Alcon (ALC) -2.0%. Over five years, Abbott Laboratories (ABT) compounded fastest (Abbott Laboratories (ABT) -3.3%/yr, Dexcom (DXCM) -12.0%/yr, Alcon (ALC) -3.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Abbott Laboratories (ABT) 0.02%, Dexcom (DXCM) 0.00%, Alcon (ALC) 0.00%. Dexcom (DXCM) and Alcon (ALC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Abbott Laboratories (ABT) has been the steadiest (Abbott Laboratories (ABT) 27.8%, Dexcom (DXCM) 37.5%, Alcon (ALC) 28.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ABT, DXCM and ALC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Abbott Laboratories (ABT) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.