ALC vs LMAT vs RMD Stock Comparison

Alcon, Lemaitre Vascular and Resmed Prices as of Oct 27, 2026 Peers: Industry group
ALC Alcon Inc
$69.42 +7.7% 1M -8.8% 1Y
Market cap
$34.41B
P/E
53.5x
Revenue (TTM)
$10.80B
Div. yield
–
Medical Devices Healthcare
1 win
LMAT Lemaitre Vascular Inc
$83.79 +2.8% 1M -7.0% 1Y
Market cap
$1.90B
P/E
29.0x
Revenue (TTM)
$262.43M
Div. yield
0.01%
Medical Devices Healthcare
3 wins
RMD Resmed Inc
$250.71 +12.9% 1M -3.3% 1Y
Market cap
$36.51B
P/E
24.0x
Revenue (TTM)
$5.65B
Div. yield
–
Medical Devices Healthcare
6 wins

Head to Head

10 decided of 12

Resmed leads on 6 of the 12 questions below (Resmed 6, Lemaitre Vascular 3, Alcon 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALCLMATRMDLeader
Larger companyMarket capitalisation $34.41B $1.90B $36.51B RMD
Cheaper on earningsLower P/E, profitable companies only 53.5x 29.0x 24.0x RMD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 28.4x 19.5x RMD
Faster revenue growthRevenue growth, trailing twelve months +8.5% +11.8% +9.9% LMAT
More profitableNet margin, trailing twelve months 6.0% 25.0% 26.9% RMD
Better return on capitalReturn on invested capital 3.6% — 20.8% RMD
Less leveragedLower net debt / EBITDA — — -0.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -8.8% -7.0% -3.3% RMD
Better 5-year returnAnnualised price return, 5 years -3.5%/yr +8.3%/yr -1.4%/yr LMAT
Less volatileAnnualised volatility, 1 year 28.6% 46.1% 29.0% ALC
Higher overall scoreMean of the five percentile scores vs peers 68/100 83/100 78/100 LMAT

Percentile Scorecard

ALCLMATRMD

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

AxisALCLMATRMD
Valuation 79 #48 of 227 74 #59 of 227 74 #61 of 227
Growth 48 #114 of 219 89 #25 of 219 63 #81 of 219
Profitability 76 #50 of 206 96 #9 of 206 99 #3 of 206
Financial Health 60 #96 of 238 90 #25 of 238 76 #59 of 238
Shareholder Returns 74 #35 of 134 64 #49 of 134 81 #27 of 134
Overall 68 83 78
  • ALC ranked among 247 companies in Medical Devices and Diagnostics
  • LMAT ranked among 247 companies in Medical Devices and Diagnostics
  • RMD 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

PeriodALCLMATRMDSPY
1 month +7.7%+2.8%+12.9% -0.2%
3 months +0.4%-18.1%+19.9% +3.9%
6 months -7.9%-25.5%+15.5% +8.2%
Year to date -11.9%+3.3%+4.1% +12.9%
1 year -8.8%-7.0%-3.3% +12.3%
3 years -0.9%+76.8%+86.2% +87.4%
3 years, per year -0.3%+20.9%+23.0% +23.3%
5 years -16.1%+49.0%-6.7% +67.9%
5 years, per year -3.5%+8.3%-1.4% +10.9%
10 years —+296.9%+319.0% +261.1%
10 years, per year —+14.8%+15.4% +13.7%

Risk

MeasureALCLMATRMDSPY
Volatility, 1Y 28.6%46.1%29.0% 12.7%
Downside volatility, 1Y 28.8%52.9%30.7% 12.7%
Beta vs S&P 500, 1Y 0.380.430.40 1.00
Return / volatility, 1Y -0.31-0.15-0.11 0.97
Max drawdown, 5Y -38.4%-33.5%-49.9% -25.4%
From 52-week high -20.4%-28.6%-9.1% -1.2%
52-week high $87.18$117.39$275.96 $779.14
52-week low $62.02$78.80$182.82 $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.

MultipleALCLMATRMD
P/E now vs peer median 53.2xmedian 29.6x 29.2xmedian 29.6x 24.0xmedian 29.6x
P/S now vs peer median 3.1xmedian 2.9x 7.3xmedian 2.9x 6.4xmedian 2.9x
EV/EBITDA now vs peer median —median 17.4x 17.4xmedian 17.4x 16.9xmedian 17.4x
P/FCF now vs peer median 19.4xmedian 22.3x 26.0xmedian 22.3x 21.9xmedian 22.3x
P/B now vs peer median 1.6xmedian 2.3x 4.6xmedian 2.3x 5.5xmedian 2.3x
PEG now vs peer median 2.54median 1.04 0.87median 1.04 1.22median 1.04

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 monthsALCLMATRMD
Revenue $10.80B $262.43M $5.65B
Gross profit $6.17B $191.31M $3.45B
Operating income $948.00M $77.32M $1.89B
Net income $643.00M $65.67M $1.52B
Free cash flow $1.74B $73.83M $1.65B
R&D $1.43B $15.41M $378.28M
EPS (diluted) $1.30 $2.68 $10.43
Cash & equivalents $1.36B $26.63M $1.47B
Total debt $4.72B – $659.37M
Shares (diluted) 496.20M 24.53M 146.05M
Enterprise value $25.37B $458.65M $30.57B

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
MetricALCLMATRMD
P/E 53.2x 29.2x 24.0x
P/FCF 19.4x 26.0x 21.9x
P/Operating cash flow 14.6x 23.1x 20.0x
P/S 3.1x 7.3x 6.4x
P/B 1.6x 4.6x 5.5x
P/Tangible book 2.5x 4.9x 5.9x
EV/EBITDA – 17.4x 16.9x
EV/EBIT 38.4x 19.9x 18.7x
EV/Revenue 3.4x 5.9x 6.3x
EV/FCF 20.9x 20.9x 21.4x
EV/Operating cash flow 15.8x 18.6x 19.6x
PEG (3Y EPS CAGR) 2.54 0.87 1.22

Growth

14 metrics
MetricALCLMATRMD
Revenue growth (1Y) 8.5% 11.8% 9.9%
Revenue CAGR (3Y) 5.9% 14.0% 10.2%
Gross profit growth (1Y) 11.7% 18.0% 13.0%
Gross profit CAGR (3Y) 7.3% 18.8% 13.6%
Operating income growth (1Y) -34.3% 41.2% 11.9%
Operating income CAGR (3Y) 7.5% 36.4% 18.6%
Net income growth (1Y) -40.1% 39.4% 8.8%
Net income CAGR (3Y) 21.1% 37.6% 19.3%
EPS growth (1Y) -40.7% 30.1% 9.7%
EPS CAGR (3Y) 21.0% 33.6% 19.7%
Operating cash flow growth (1Y) 10.3% 41.2% 3.1%
Operating cash flow CAGR (3Y) 25.9% 48.0% 37.6%
Free cash flow growth (1Y) 7.5% 41.1% -0.7%
Free cash flow CAGR (3Y) 48.0% 57.4% 42.2%

Profitability

14 metrics
MetricALCLMATRMD
Gross margin 57.2% 72.9% 61.1%
EBITDA margin – 33.8% 36.9%
Operating margin 8.8% 29.5% 33.4%
Pretax margin 6.9% 32.3% 34.0%
Net margin 6.0% 25.0% 26.9%
FCF margin 16.1% 28.1% 29.2%
Operating cash flow margin 21.4% 31.6% 31.9%
Return on equity 2.9% 15.9% 23.3%
Return on assets 2.1% 10.3% 17.2%
Return on invested capital 3.6% – 20.8%
Return on capital employed 3.4% 12.8% 25.2%
Asset turnover 0.3x 0.4x 0.6x
Cash conversion (OCF / net income) 3.6x 1.3x 1.2x
Stock comp / revenue 1.6% 3.0% 1.8%

Financial Health

11 metrics
MetricALCLMATRMD
Debt / assets 15.2% – 7.4%
Debt / equity 0.2x – 0.1x
Net debt / EBITDA – – -0.4x
Debt / FCF 2.7x – 0.4x
Liabilities / assets 30.6% 34.4% 26.6%
Equity / assets 69.4% 65.6% 73.4%
Interest coverage 9.2x 14.9x –
Current ratio 2.1x 16.3x 3.1x
Quick ratio 1.3x 13.8x 1.8x
Cash ratio 0.7x 12.6x 1.1x
Altman Z-score – 7.34 11.96

Shareholder Returns

7 metrics
MetricALCLMATRMD
Dividend yield 0.4% 1.1% 1.0%
Net buyback yield 2.7% -0.3% 1.7%
Shareholder yield 3.1% 0.8% 2.7%
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.

ConsensusALCLMATRMD
Forward P/E 21.6xFY2026 28.4xFY2026 19.5xFY2027
EPS, next fiscal year $3.22FY2026 $2.95FY2026 $12.86FY2027
EPS growth, next FY +7.7%FY2026 +17.1%FY2026 +15.1%FY2027
EPS growth, the year after +15.5% +12.9% +9.8%
Revenue, next fiscal year $10.50BFY2026 $266.90MFY2026 $5.97BFY2027
Revenue growth, next FY +4.3%FY2026 +6.9%FY2026 +5.6%FY2027
Revenue growth, the year after +8.1% +19.4% -3.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALCLMATRMD
Held by institutions 48.8% 99.3% 68.7%
Institutions holding 629 327 887
Change in shares held, QoQ +5.3% +2.8% +3.2%
Institutions buying 225 172 404
Institutions selling 274 98 358
Buyers to sellers 0.82 1.76 1.13

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.

ALCLMATRMD
ALC 1.00 0.26 0.37
LMAT 0.26 1.00 0.27
RMD 0.37 0.27 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALC, LMAT and RMD?

Resmed (RMD) is the largest by market capitalisation: Alcon (ALC) $34.41B, Lemaitre Vascular (LMAT) $1.90B, Resmed (RMD) $36.51B.

Which stock is cheaper, ALC, LMAT and RMD?

Resmed (RMD) trades on the lowest price-to-earnings ratio (Alcon (ALC) 53.5x, Lemaitre Vascular (LMAT) 29.0x, Resmed (RMD) 24.0x). On next year's consensus earnings, Resmed (RMD) is cheapest (Alcon (ALC) 21.6x, Lemaitre Vascular (LMAT) 28.4x, Resmed (RMD) 19.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Lemaitre Vascular (LMAT) grew revenue fastest over the trailing twelve months: Alcon (ALC) +8.5%, Lemaitre Vascular (LMAT) +11.8%, Resmed (RMD) +9.9%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Alcon (ALC) 6.0%, Lemaitre Vascular (LMAT) 25.0%, Resmed (RMD) 26.9%). On return on invested capital, Resmed (RMD) leads (Alcon (ALC) 3.6%, Resmed (RMD) 20.8%).

Which stock has performed better?

Over the past year Resmed (RMD) returned the most: Alcon (ALC) -8.8%, Lemaitre Vascular (LMAT) -7.0%, Resmed (RMD) -3.3%. Over five years, Lemaitre Vascular (LMAT) compounded fastest (Alcon (ALC) -3.5%/yr, Lemaitre Vascular (LMAT) +8.3%/yr, Resmed (RMD) -1.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Alcon (ALC) 0.00%, Lemaitre Vascular (LMAT) 0.01%, Resmed (RMD) 0.00%. Alcon (ALC) and Resmed (RMD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alcon (ALC) has been the steadiest (Alcon (ALC) 28.6%, Lemaitre Vascular (LMAT) 46.1%, Resmed (RMD) 29.0%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Resmed (RMD) leads on 6. 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.