ALC vs RMD vs BSX Stock Comparison

Alcon, Resmed and Boston Scientific Prices as of Nov 4, 2026 Peers: Industry group
1 more company in this comparison (DXCM) Create a free account to keep reading and compare up to 10 companies.
ALC Alcon Inc
$77.31 +20.2% 1M +4.2% 1Y
Market cap
$38.20B
P/E
59.4x
Revenue (TTM)
$10.80B
Div. yield
–
Medical Devices Healthcare
2 wins
RMD Resmed Inc
$240.48 +7.9% 1M -2.4% 1Y
Market cap
$35.08B
P/E
22.0x
Revenue (TTM)
$5.73B
Div. yield
–
Medical Devices Healthcare
5 wins
BSX Boston Scientific Corp
$45.82 +8.1% 1M -53.6% 1Y
Market cap
$66.68B
P/E
19.0x
Revenue (TTM)
$21.07B
Div. yield
–
Medical Devices Healthcare
4 wins

Head to Head

11 decided of 12

Resmed leads on 5 of the 12 questions below (Resmed 5, Boston Scientific 4, Alcon 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALCRMDBSXLeader
Larger companyMarket capitalisation $38.20B $35.08B $66.68B BSX
Cheaper on earningsLower P/E, profitable companies only 59.4x 22.0x 19.0x BSX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.0x 18.7x 14.7x BSX
Faster revenue growthRevenue growth, trailing twelve months +8.5% +9.0% +8.9% RMD
More profitableNet margin, trailing twelve months 6.0% 27.8% 16.6% RMD
Better return on capitalReturn on invested capital 3.6% 22.0% 9.9% RMD
Less leveragedLower net debt / EBITDA — -0.3x 2.1x RMD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.2% -2.4% -53.6% ALC
Better 5-year returnAnnualised price return, 5 years -2.0%/yr -1.6%/yr +1.2%/yr BSX
Less volatileAnnualised volatility, 1 year 29.5% 31.1% 41.1% ALC
Higher overall scoreMean of the five percentile scores vs peers 67/100 80/100 67/100 RMD

Percentile Scorecard

ALCRMDBSX

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

AxisALCRMDBSX
Valuation 77 #53 of 229 74 #60 of 229 87 #30 of 229
Growth 49 #114 of 221 58 #94 of 221 68 #71 of 221
Profitability 76 #52 of 209 100 #2 of 209 90 #22 of 209
Financial Health 62 #93 of 240 77 #55 of 240 44 #136 of 240
Shareholder Returns 75 #38 of 146 89 #17 of 146 46 #80 of 146
Overall 67 80 67
  • ALC ranked among 248 companies in Medical Devices and Diagnostics
  • RMD ranked among 248 companies in Medical Devices and Diagnostics
  • BSX 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

PeriodALCRMDBSXSPY
1 month +20.2%+7.9%+8.1% -1.0%
3 months +9.6%+7.3%-4.0% -0.4%
6 months +18.2%+14.7%-18.2% +4.5%
Year to date -1.9%-0.2%-51.9% +12.4%
1 year +4.2%-2.4%-53.6% +13.6%
3 years +4.0%+57.4%-12.8% +76.4%
3 years, per year +1.3%+16.3%-4.5% +20.8%
5 years -9.7%-7.7%+6.2% +63.7%
5 years, per year -2.0%-1.6%+1.2% +10.4%
10 years —+318.8%+112.5% +267.7%
10 years, per year —+15.4%+7.8% +13.9%

Risk

MeasureALCRMDBSXSPY
Volatility, 1Y 29.5%31.1%41.1% 12.8%
Downside volatility, 1Y 29.0%33.9%47.7% 12.7%
Beta vs S&P 500, 1Y 0.430.530.19 1.00
Return / volatility, 1Y 0.14-0.08-1.30 1.06
Max drawdown, 5Y -38.4%-49.8%-61.6% -25.4%
From 52-week high -11.3%-12.9%-56.4% -1.6%
52-week high $87.18$275.96$104.98 $779.14
52-week low $62.02$182.82$41.57 $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.

MultipleALCRMDBSX
P/E now vs peer median 59.3xmedian 28.5x 21.6xmedian 28.5x 19.0xmedian 28.5x
P/S now vs peer median 3.5xmedian 2.9x 5.9xmedian 2.9x 3.2xmedian 2.9x
EV/EBITDA now vs peer median —median 18.5x 15.9xmedian 18.5x 14.5xmedian 18.5x
P/FCF now vs peer median 21.7xmedian 26.7x 21.0xmedian 26.7x 19.9xmedian 26.7x
P/B now vs peer median 1.7xmedian 2.3x 5.7xmedian 2.3x 2.6xmedian 2.3x
PEG now vs peer median 2.83median 0.93 0.99median 0.93 0.43median 0.93

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 monthsALCRMDBSX
Revenue $10.80B $5.73B $21.07B
Gross profit $6.17B $3.50B $14.57B
Operating income $948.00M $1.89B $3.93B
Net income $643.00M $1.59B $3.49B
Free cash flow $1.74B $1.61B $3.33B
R&D $1.43B $393.82M $2.16B
EPS (diluted) $1.30 $11.11 $2.41
Cash & equivalents $1.36B $1.01B $609.00M
Total debt $4.72B $409.60M $11.95B
Shares (diluted) 496.20M 143.41M 1.45B
Enterprise value $29.16B $29.52B $62.11B

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
MetricALCRMDBSX
P/E 59.3x 21.6x 19.0x
P/FCF 21.7x 21.0x 19.9x
P/Operating cash flow 16.3x 19.1x 15.7x
P/S 3.5x 5.9x 3.2x
P/B 1.7x 5.7x 2.6x
P/Tangible book 2.8x 6.1x 3.5x
EV/EBITDA – 15.9x 14.5x
EV/EBIT 42.5x 17.5x 19.8x
EV/Revenue 3.7x 5.8x 3.7x
EV/FCF 23.1x 20.6x 23.3x
EV/Operating cash flow 17.4x 18.8x 18.4x
PEG (3Y EPS CAGR) 2.83 0.99 0.43

Growth

14 metrics
MetricALCRMDBSX
Revenue growth (1Y) 8.5% 9.0% 8.9%
Revenue CAGR (3Y) 5.9% 9.4% 15.3%
Gross profit growth (1Y) 11.7% 11.0% 9.8%
Gross profit CAGR (3Y) 7.3% 13.2% 15.1%
Operating income growth (1Y) -34.3% 8.5% 13.5%
Operating income CAGR (3Y) 7.5% 18.2% 22.1%
Net income growth (1Y) -40.1% 10.8% 25.5%
Net income CAGR (3Y) 21.1% 20.7% 41.7%
EPS growth (1Y) -40.7% 13.5% 29.2%
EPS CAGR (3Y) 21.0% 21.8% 44.0%
Operating cash flow growth (1Y) 10.3% -6.0% -8.5%
Operating cash flow CAGR (3Y) 25.9% 23.7% 21.6%
Free cash flow growth (1Y) 7.5% -9.0% -12.9%
Free cash flow CAGR (3Y) 48.0% 25.5% 25.2%

Profitability

14 metrics
MetricALCRMDBSX
Gross margin 57.2% 61.1% 69.1%
EBITDA margin – 36.4% 25.5%
Operating margin 8.8% 33.0% 18.7%
Pretax margin 6.9% 35.1% 17.3%
Net margin 6.0% 27.8% 16.6%
FCF margin 16.1% 28.1% 15.8%
Operating cash flow margin 21.4% 30.9% 20.1%
Return on equity 2.9% 25.4% 13.7%
Return on assets 2.1% 18.5% 7.7%
Return on invested capital 3.6% 22.0% 9.9%
Return on capital employed 3.4% 26.1% 10.0%
Asset turnover 0.3x 0.7x 0.5x
Cash conversion (OCF / net income) 3.6x 1.1x 1.2x
Stock comp / revenue 1.6% 2.0% 1.5%

Financial Health

11 metrics
MetricALCRMDBSX
Debt / assets 15.2% 5.0% 26.3%
Debt / equity 0.2x 0.1x 0.5x
Net debt / EBITDA – -0.3x 2.1x
Debt / FCF 2.7x 0.3x 3.6x
Liabilities / assets 30.6% 27.6% 43.1%
Equity / assets 69.4% 72.4% 56.9%
Interest coverage 9.2x 81.1x 10.5x
Current ratio 2.1x 2.6x 1.4x
Quick ratio 1.3x 1.5x 0.6x
Cash ratio 0.7x 0.8x 0.1x
Altman Z-score – 12.03 3.10

Shareholder Returns

7 metrics
MetricALCRMDBSX
Dividend yield 0.4% 1.0% –
Net buyback yield 2.4% 4.2% -0.3%
Shareholder yield 2.8% 5.2% -0.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusALCRMDBSX
Forward P/E 24.0xFY2026 18.7xFY2027 14.7xFY2026
EPS, next fiscal year $3.22FY2026 $12.86FY2027 $3.12FY2026
EPS growth, next FY +7.7%FY2026 +15.1%FY2027 +2.0%FY2026
EPS growth, the year after +15.5% +9.8% +14.7%
Revenue, next fiscal year $10.50BFY2026 $5.97BFY2027 $20.67BFY2026
Revenue growth, next FY +4.3%FY2026 +5.6%FY2027 +3.0%FY2026
Revenue growth, the year after +8.1% -3.4% +1.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALCRMDBSX
Held by institutions 48.8% 68.7% 90.5%
Institutions holding 631 889 1,484
Change in shares held, QoQ +5.3% +3.2% -0.7%
Institutions buying 227 405 739
Institutions selling 274 359 611
Buyers to sellers 0.83 1.13 1.21

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.

ALCRMDBSX
ALC 1.00 0.38 0.31
RMD 0.38 1.00 0.24
BSX 0.31 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALC, RMD and BSX?

Boston Scientific (BSX) is the largest by market capitalisation: Alcon (ALC) $38.20B, Resmed (RMD) $35.08B, Boston Scientific (BSX) $66.68B.

Which stock is cheaper, ALC, RMD and BSX?

Boston Scientific (BSX) trades on the lowest price-to-earnings ratio (Alcon (ALC) 59.4x, Resmed (RMD) 22.0x, Boston Scientific (BSX) 19.0x). On next year's consensus earnings, Boston Scientific (BSX) is cheapest (Alcon (ALC) 24.0x, Resmed (RMD) 18.7x, Boston Scientific (BSX) 14.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Resmed (RMD) grew revenue fastest over the trailing twelve months: Alcon (ALC) +8.5%, Resmed (RMD) +9.0%, Boston Scientific (BSX) +8.9%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Alcon (ALC) 6.0%, Resmed (RMD) 27.8%, Boston Scientific (BSX) 16.6%). On return on invested capital, Resmed (RMD) leads (Alcon (ALC) 3.6%, Resmed (RMD) 22.0%, Boston Scientific (BSX) 9.9%).

Which stock has performed better?

Over the past year Alcon (ALC) returned the most: Alcon (ALC) +4.2%, Resmed (RMD) -2.4%, Boston Scientific (BSX) -53.6%. Over five years, Boston Scientific (BSX) compounded fastest (Alcon (ALC) -2.0%/yr, Resmed (RMD) -1.6%/yr, Boston Scientific (BSX) +1.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Alcon (ALC) has been the steadiest (Alcon (ALC) 29.5%, Resmed (RMD) 31.1%, Boston Scientific (BSX) 41.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.