ALC vs SOLV

Alcon Inc. and Solventum, both Healthcare

Alcon Inc. is the larger company at $32B against $13B. On trailing earnings SOLV is the cheaper of the two at a P/E of 11.2 against 54.7, a gap that is only a bargain if the two are growing at similar rates. Over the past year SOLV returned +26% against -15% for ALC. Ryufin's sector-relative Smart Score puts SOLV ahead, 8/10 against 6/10.

Alcon Inc. and Solventumcompared on valuation, return and Ryufin’s Smart Score
FigureALCSOLV
Last close$72.70$91.53
Market cap$32B$13B
Trailing P/Elower is cheaper for the same earnings, not automatically better54.711.2
1-year return-15%+26%
5-year return+0.3%n/a
Ryufin Smart Scoresector-relative, 1–106/108/10

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 read the correlation.