ALC vs ISRG vs LMAT Stock Comparison

Alcon, Intuitive Surgical and Lemaitre Vascular Prices as of Oct 28, 2026 Peers: Industry group
ALC Alcon Inc
$69.81 +7.0% 1M -6.7% 1Y
Market cap
$34.03B
P/E
53.5x
Revenue (TTM)
$10.80B
Div. yield
0.40%
Medical Devices Healthcare
3 wins
ISRG Intuitive Surgical Inc
$444.18 +7.1% 1M -18.6% 1Y
Market cap
$153.95B
P/E
52.4x
Revenue (TTM)
$11.58B
Div. yield
–
Medical Devices Healthcare
3 wins
LMAT Lemaitre Vascular Inc
$82.87 +0.6% 1M -7.4% 1Y
Market cap
$1.89B
P/E
28.8x
Revenue (TTM)
$262.43M
Div. yield
1.15%
Medical Devices Healthcare
4 wins

Head to Head

10 decided of 12

Lemaitre Vascular leads on 4 of the 12 questions below (Lemaitre Vascular 4, Intuitive Surgical 3, Alcon 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALCISRGLMATLeader
Larger companyMarket capitalisation $34.03B $153.95B $1.89B ISRG
Cheaper on earningsLower P/E, profitable companies only 53.5x 52.4x 28.8x LMAT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.7x 38.7x 28.1x ALC
Faster revenue growthRevenue growth, trailing twelve months +8.5% +20.5% +11.8% ISRG
More profitableNet margin, trailing twelve months 6.0% 25.5% 25.0% ISRG
Better return on capitalReturn on invested capital 3.6% — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.40% — 1.15% LMAT
Better 1-year returnPrice return, last 12 months -6.7% -18.6% -7.4% ALC
Better 5-year returnAnnualised price return, 5 years -3.5%/yr +4.2%/yr +9.8%/yr LMAT
Less volatileAnnualised volatility, 1 year 28.6% 34.6% 46.1% ALC
Higher overall scoreMean of the five percentile scores vs peers 68/100 80/100 82/100 LMAT

Percentile Scorecard

ALCISRGLMAT

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

AxisALCISRGLMAT
Valuation 79 #48 of 227 53 #107 of 227 75 #58 of 227
Growth 48 #114 of 219 80 #44 of 219 89 #26 of 219
Profitability 78 #47 of 205 98 #6 of 205 95 #11 of 205
Financial Health 60 #95 of 237 78 #54 of 237 89 #26 of 237
Shareholder Returns 75 #35 of 135 91 #13 of 135 63 #50 of 135
Overall 68 80 82
  • ALC ranked among 247 companies in Medical Devices and Diagnostics
  • ISRG ranked among 247 companies in Medical Devices and Diagnostics
  • LMAT ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodALCISRGLMATSPY
1 month +7.0%+7.1%+0.6% +0.9%
3 months +0.2%+25.8%-20.0% +5.9%
6 months -4.1%-2.1%-22.7% +8.5%
Year to date -11.4%-21.6%+2.2% +13.3%
1 year -6.7%-18.6%-7.4% +12.4%
3 years -0.3%+71.5%+74.8% +88.1%
3 years, per year -0.1%+19.7%+20.5% +23.5%
5 years -16.3%+23.0%+59.3% +68.2%
5 years, per year -3.5%+4.2%+9.8% +11.0%
10 years —+499.8%+284.0% +263.4%
10 years, per year —+19.6%+14.4% +13.8%

Risk

MeasureALCISRGLMATSPY
Volatility, 1Y 28.6%34.6%46.1% 12.7%
Downside volatility, 1Y 28.8%37.4%53.0% 12.7%
Beta vs S&P 500, 1Y 0.380.890.43 1.00
Return / volatility, 1Y -0.23-0.54-0.16 0.98
Max drawdown, 5Y -38.4%-49.9%-33.5% -25.4%
From 52-week high -19.9%-25.1%-29.4% -0.9%
52-week high $87.18$592.85$117.39 $779.14
52-week low $62.02$332.02$78.80 $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.

MultipleALCISRGLMAT
P/E now vs peer median 53.5xmedian 28.8x 52.4xmedian 28.8x 28.8xmedian 28.8x
P/S now vs peer median 3.2xmedian 3.0x 13.3xmedian 3.0x 7.2xmedian 3.0x
EV/EBITDA now vs peer median —median 17.4x 36.6xmedian 17.4x 17.1xmedian 17.4x
P/FCF now vs peer median 19.6xmedian 25.7x 42.8xmedian 25.7x 25.7xmedian 25.7x
P/B now vs peer median 1.6xmedian 2.4x 9.6xmedian 2.4x 4.5xmedian 2.4x
PEG now vs peer median 2.55median 1.03 2.04median 1.03 0.86median 1.03

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 monthsALCISRGLMAT
Revenue $10.80B $11.58B $262.43M
Gross profit $6.17B $7.78B $191.31M
Operating income $948.00M $3.28B $77.32M
Net income $643.00M $2.97B $65.67M
Free cash flow $1.74B $3.60B $73.83M
R&D $1.43B $1.49B $15.41M
EPS (diluted) $1.30 $8.41 $2.68
Cash & equivalents $1.36B $2.98B $26.63M
Total debt $4.72B – –
Shares (diluted) 496.20M 351.60M 24.53M
Enterprise value $24.99B $134.37B $449.17M

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
MetricALCISRGLMAT
P/E 53.5x 52.4x 28.8x
P/FCF 19.6x 42.8x 25.7x
P/Operating cash flow 14.7x 37.6x 22.8x
P/S 3.2x 13.3x 7.2x
P/B 1.6x 9.6x 4.5x
P/Tangible book 2.6x 10.3x 4.9x
EV/EBITDA – 36.6x 17.1x
EV/EBIT 38.6x 45.6x 19.6x
EV/Revenue 3.4x 12.9x 5.8x
EV/FCF 21.0x 41.7x 20.6x
EV/Operating cash flow 15.9x 36.7x 18.3x
PEG (3Y EPS CAGR) 2.55 2.04 0.86

Growth

14 metrics
MetricALCISRGLMAT
Revenue growth (1Y) 8.5% 20.5% 11.8%
Revenue CAGR (3Y) 5.9% 19.1% 14.0%
Gross profit growth (1Y) 11.7% 21.9% 18.0%
Gross profit CAGR (3Y) 7.3% 19.5% 18.8%
Operating income growth (1Y) -34.3% 16.6% 41.2%
Operating income CAGR (3Y) 7.5% 24.8% 36.4%
Net income growth (1Y) -40.1% 7.5% 39.4%
Net income CAGR (3Y) 21.1% 24.4% 37.6%
EPS growth (1Y) -40.7% 10.8% 30.1%
EPS CAGR (3Y) 21.0% 25.7% 33.6%
Operating cash flow growth (1Y) 10.3% 38.1% 41.2%
Operating cash flow CAGR (3Y) 25.9% 26.4% 48.0%
Free cash flow growth (1Y) 7.5% 58.4% 41.1%
Free cash flow CAGR (3Y) 48.0% 42.0% 57.4%

Profitability

14 metrics
MetricALCISRGLMAT
Gross margin 57.2% 67.2% 72.9%
EBITDA margin – 35.3% 33.8%
Operating margin 8.8% 28.4% 29.5%
Pretax margin 6.9% 31.3% 32.3%
Net margin 6.0% 25.5% 25.0%
FCF margin 16.1% 31.1% 28.1%
Operating cash flow margin 21.4% 35.3% 31.6%
Return on equity 2.9% 17.3% 15.9%
Return on assets 2.1% 14.8% 10.3%
Return on invested capital 3.6% – –
Return on capital employed 3.4% 18.7% 12.8%
Asset turnover 0.3x 0.6x 0.4x
Cash conversion (OCF / net income) 3.6x 1.4x 1.3x
Stock comp / revenue 1.6% 7.2% 3.0%

Financial Health

11 metrics
MetricALCISRGLMAT
Debt / assets 15.2% – –
Debt / equity 0.2x – –
Net debt / EBITDA – – –
Debt / FCF 2.7x – –
Liabilities / assets 30.6% 16.7% 34.4%
Equity / assets 69.4% 83.3% 65.6%
Interest coverage 9.2x – 14.9x
Current ratio 2.1x 3.3x 16.3x
Quick ratio 1.3x 2.3x 13.8x
Cash ratio 0.7x 1.6x 12.6x
Altman Z-score – 30.44 7.28

Shareholder Returns

7 metrics
MetricALCISRGLMAT
Dividend yield 0.4% – 1.1%
Net buyback yield 2.7% 2.8% -0.3%
Shareholder yield 3.1% 2.8% 0.8%
Payout ratio (earnings) – – 31.2%
Payout ratio (FCF) – – 27.8%
Dividend growth (1Y) – – 26.3%
Dividend CAGR (3Y) – – 20.5%

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.

ConsensusALCISRGLMAT
Forward P/E 21.7xFY2026 38.7xFY2026 28.1xFY2026
EPS, next fiscal year $3.22FY2026 $11.47FY2026 $2.95FY2026
EPS growth, next FY +7.7%FY2026 +28.4%FY2026 +17.1%FY2026
EPS growth, the year after +15.5% +4.5% +12.9%
Revenue, next fiscal year $10.50BFY2026 $11.60BFY2026 $266.90MFY2026
Revenue growth, next FY +4.3%FY2026 +15.3%FY2026 +6.9%FY2026
Revenue growth, the year after +8.1% +11.3% +19.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALCISRGLMAT
Held by institutions 48.8% 86.2% 99.3%
Institutions holding 629 2,235 327
Change in shares held, QoQ +5.3% +4.6% +2.8%
Institutions buying 225 1,070 172
Institutions selling 274 877 98
Buyers to sellers 0.82 1.22 1.76

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.

ALCISRGLMAT
ALC 1.00 0.39 0.26
ISRG 0.39 1.00 0.23
LMAT 0.26 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALC, ISRG and LMAT?

Intuitive Surgical (ISRG) is the largest by market capitalisation: Alcon (ALC) $34.03B, Intuitive Surgical (ISRG) $153.95B, Lemaitre Vascular (LMAT) $1.89B.

Which stock is cheaper, ALC, ISRG and LMAT?

Lemaitre Vascular (LMAT) trades on the lowest price-to-earnings ratio (Alcon (ALC) 53.5x, Intuitive Surgical (ISRG) 52.4x, Lemaitre Vascular (LMAT) 28.8x). On next year's consensus earnings, Alcon (ALC) is cheapest (Alcon (ALC) 21.7x, Intuitive Surgical (ISRG) 38.7x, Lemaitre Vascular (LMAT) 28.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Intuitive Surgical (ISRG) grew revenue fastest over the trailing twelve months: Alcon (ALC) +8.5%, Intuitive Surgical (ISRG) +20.5%, Lemaitre Vascular (LMAT) +11.8%.

Which company is more profitable?

Intuitive Surgical (ISRG) has the highest net margin (Alcon (ALC) 6.0%, Intuitive Surgical (ISRG) 25.5%, Lemaitre Vascular (LMAT) 25.0%).

Which stock has performed better?

Over the past year Alcon (ALC) returned the most: Alcon (ALC) -6.7%, Intuitive Surgical (ISRG) -18.6%, Lemaitre Vascular (LMAT) -7.4%. Over five years, Lemaitre Vascular (LMAT) compounded fastest (Alcon (ALC) -3.5%/yr, Intuitive Surgical (ISRG) +4.2%/yr, Lemaitre Vascular (LMAT) +9.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Lemaitre Vascular (LMAT) has the highest dividend yield: Alcon (ALC) 0.40%, Lemaitre Vascular (LMAT) 1.15%. Intuitive Surgical (ISRG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alcon (ALC) has been the steadiest (Alcon (ALC) 28.6%, Intuitive Surgical (ISRG) 34.6%, Lemaitre Vascular (LMAT) 46.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALC, ISRG and LMAT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lemaitre Vascular (LMAT) leads on 4. 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.