ALC vs SOLV

Alcon Inc. and Solventum, both Healthcare

Alcon Inc. is the larger company at $33B against $13B. On trailing earnings SOLV is the cheaper of the two at a P/E of 10.7 against 48.2, a gap that is only a bargain if the two are growing at similar rates. Over the past year SOLV returned +17% against -17% for ALC. The RyuScore puts SOLV ahead, 69 against 51 out of 100.

Alcon Inc. and Solventum compared on valuation, return and the RyuScore
FigureALCSOLV
Last close$64.11$87.38
Market cap$33B$13B
Trailing P/Elower is cheaper for the same earnings, not automatically better48.210.7
1-year return-17%+17%
5-year return-25%n/a
RyuScoresector-relative, 1–1051/10069/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Alcon Inc.

Revenue of $5.3B in H2 2025, net income $454M.

Solventum

Revenue of $2.2B in Q2 2026, net income $92M. Its largest reported line is Med Surg, 42% of the disclosed total.

Open these two in the interactive comparison to add more names, change the period or see the correlation.