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Align Technology, Inc.(ALGN)Earnings, Financials & Key Ratios
ALGN•NASDAQ
32.2× P/E·Price updated Jun 19, 2026
AboutAlign Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.Show more
- Revenue$4.03B+0.9%
- EBITDA$797M+5.9%
- Net Income$410M-2.6%
- EPS (Diluted)5.65+0.5%
- Gross Margin68.33%-2.4%
- EBITDA Margin19.75%+4.9%
- Operating Margin15.27%+0.5%
- Net Margin10.17%-3.5%
- ROE10.39%-7.8%
ALGN Key Insights
Align Technology, Inc. (ALGN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 10.3%
- ✓Share count reduced 3.2% through buybacks
- ✓Healthy 5Y average net margin of 12.3%
✗Weaknesses
- ✗Profits declining 25.4% over 5 years
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ALGN Price & Volume
Align Technology, Inc. (ALGN) stock price & volume — 10-year historical chart
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ALGN Growth Metrics
Align Technology, Inc. (ALGN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.92%
5 Years10.3%
3 Years2.61%
TTM2.89%
Profit CAGR
10 Years11.04%
5 Years-25.4%
3 Years4.31%
TTM4.96%
EPS CAGR
10 Years12.31%
5 Years-24.09%
3 Years7.02%
TTM8.56%
Return on Capital
10 Years23.18%
5 Years17.46%
3 Years15.12%
Last Year14.52%
ALGN Recent Earnings
Align Technology, Inc. (ALGN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$2.58+14.2%
$2.26
Rev
$1.0B+1.8%
$1.0B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$3.29+10.0%
$2.99
Rev
$1.0B+1.4%
$1.0B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$2.61+8.8%
$2.40
Rev
$996M+2.0%
$976M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$2.49-3.1%
$2.57
Rev
$1.0B-0.9%
$1.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $2.58vs $2.26+14.2% | $1.0Bvs $1.0B+1.8% |
| Q1 2026 | Feb 4, 2026 | $3.29vs $2.99+10.0% | $1.0Bvs $1.0B+1.4% |
| Q4 2025 | Oct 29, 2025 | $2.61vs $2.40+8.8% | $996Mvs $976M+2.0% |
| Q3 2025 | Jul 30, 2025 | $2.49vs $2.57-3.1% | $1.0Bvs $1.0B-0.9% |
Based on last 12 quarters of dataView full earnings history →
ALGN Peer Comparison
Align Technology, Inc. (ALGN) competitors in Vision, dental, and ENT devices — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 XRAY | 2.07B | 10.33 | -3.44 | -2.98% | -17.06% | -41.19% | 1.84 | |
 HSIC | 9.17B | 79.92 | 24.44 | 4.03% | 3.02% | 8.24% | 0.77 | |
 NVST | 4.22B | 25.91 | 92.54 | 8.32% | 2.41% | 2.18% | 0.55 | |
 IDXX | 44.64B | 562.09 | 42.97 | 10.42% | 24.63% | 70.87% | 0.67 | |
 HOLX | 16.97B | 76.01 | 30.53 | 1.74% | 13.18% | 11.01% | 0.52 | |
 ISRG | 144.48B | 406.78 | 51.69 | 20.51% | 28.15% | 16.89% | 0.02 | |
 GKOS | 7.65B | 130.68 | -39.84 | 32.33% | -34.34% | -26.46% | 0.21 | |
 TMDX | 2.72B | 78.79 | 16.18 | 37.13% | 27.04% | 41.92% | 0.99 |
Compare ALGN vs Peers
Align Technology, Inc. (ALGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ALGN Income Statement
Align Technology, Inc. (ALGN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.47B | 1.97B | 2.41B | 2.47B | 3.95B | 3.73B | 3.86B | 4B | 4.03B | 4.1B |
Revenue Growth % | 36.44% | 33.47% | 22.39% | 2.71% | 59.9% | -5.51% | 3.42% | 3.54% | 0.9% | 2.89% |
Cost of Goods Sold | 356.47M | 518.63M | 662.9M | 708.71M | 1.02B | 1.1B | 1.16B | 1.2B | 1.28B | 1.32B |
COGS % of Revenue | 24.19% | 26.37% | 27.54% | 28.67% | 25.74% | 29.48% | 29.92% | 30% | 31.67% | - |
Gross Profit | 1.12B▲ 0% | 1.45B▲ 29.6% | 1.74B▲ 20.4% | 1.76B▲ 1.1% | 2.94B▲ 66.5% | 2.63B▼ 10.3% | 2.71B▲ 2.8% | 2.8B▲ 3.4% | 2.76B▼ 1.5% | 2.77B▲ 0% |
Gross Margin % | 75.81% | 73.63% | 72.46% | 71.33% | 74.26% | 70.52% | 70.08% | 70% | 68.33% | 67.68% |
Gross Profit Growth % | 37% | 29.63% | 20.45% | 1.11% | 66.48% | -10.27% | 2.77% | 3.41% | -1.51% | - |
Operating Expenses | 763.34M | 981.3M | 1.2B | 1.38B | 1.96B | 1.99B | 2.06B | 2.19B | 2.14B | 2.18B |
OpEx % of Revenue | 51.81% | 49.9% | 49.92% | 55.67% | 49.56% | 53.32% | 53.43% | 54.8% | 53.05% | - |
Selling, General & Admin | 665.78M | 852.4M | 1.07B | 1.2B | 1.71B | 1.67B | 1.7B | 1.76B | 1.76B | 1.77B |
SG&A % of Revenue | 45.19% | 43.35% | 44.54% | 48.58% | 43.23% | 44.84% | 44.1% | 44.09% | 43.51% | - |
Research & Development | 97.56M | 128.9M | 157.36M | 175.31M | 250.31M | 305.26M | 346.83M | 364.2M | 369.91M | 371.37M |
R&D % of Revenue | 6.62% | 6.55% | 6.54% | 7.09% | 6.33% | 8.17% | 8.98% | 9.11% | 9.17% | - |
Other Operating Expenses | 0 | 0 | -28.01M | 0 | 0 | 11.45M | 13.32M | 64.14M | 14.98M | 2M |
Operating Income | 353.61M▲ 0% | 466.56M▲ 31.9% | 542.49M▲ 16.3% | 387.17M▼ 28.6% | 976.4M▲ 152.2% | 642.6M▼ 34.2% | 643.34M▲ 0.1% | 607.63M▼ 5.6% | 616.22M▲ 1.4% | 591.59M▲ 0% |
Operating Margin % | 24% | 23.73% | 22.54% | 15.66% | 24.7% | 17.21% | 16.66% | 15.19% | 15.27% | 14.44% |
Operating Income Growth % | 42.06% | 31.94% | 16.27% | -28.63% | 152.19% | -34.19% | 0.12% | -5.55% | 1.41% | - |
EBITDA | 391.35M | 521.29M | 621.48M | 480.71M | 1.09B | 768.39M | 785.74M | 752.66M | 796.8M | 789.86M |
EBITDA Margin % | 26.56% | 26.51% | 25.82% | 19.45% | 27.45% | 20.57% | 20.34% | 18.82% | 19.75% | 19.28% |
EBITDA Growth % | 43.39% | 33.2% | 19.22% | -22.65% | 125.74% | -29.19% | 2.26% | -4.21% | 5.86% | 7.34% |
D&A (Non-Cash Add-back) | 37.74M | 54.73M | 78.99M | 93.54M | 108.73M | 125.79M | 142.4M | 145.03M | 180.59M | 198.27M |
EBIT | 353.61M | 466.56M | 514.48M | 387.17M | 976.4M | 654.05M | 656.65M | 671.76M | 585.29M | 608.59M |
Net Interest Income | 6.95M | 8.58M | 12.48M | 3.13M | 3.1M | 5.37M | 17.26M | 20.22M | 16.05M | 13.08M |
Interest Income | 6.95M | 8.58M | 12.48M | 3.13M | 3.1M | 5.37M | 17.26M | 20.22M | 16.05M | 14.64M |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.56M |
Other Income/Expense | 11.19M | -8.61M | 12.63M | -8.22M | 36.02M | -43.54M | -2.13M | 1.33M | -30.93M | 2.14M |
Pretax Income | 364.8M▲ 0% | 457.96M▲ 25.5% | 555.12M▲ 21.2% | 378.95M▼ 31.7% | 1.01B▲ 167.2% | 599.06M▼ 40.8% | 641.2M▲ 7.0% | 608.96M▼ 5.0% | 585.29M▼ 3.9% | 593.73M▲ 0% |
Pretax Margin % | 24.76% | 23.29% | 23.06% | 15.33% | 25.61% | 16.04% | 16.6% | 15.23% | 14.51% | 14.5% |
Income Tax | 130.16M | 57.72M | 112.35M | -1.4B | 240.4M | 237.48M | 196.15M | 187.6M | 174.94M | 163.84M |
Effective Tax Rate % | 35.68% | 12.6% | 20.24% | -368.64% | 23.75% | 39.64% | 30.59% | 30.81% | 29.89% | 27.59% |
Net Income | 231.42M▲ 0% | 400.24M▲ 72.9% | 442.78M▲ 10.6% | 1.78B▲ 301.1% | 772.02M▼ 56.5% | 361.57M▼ 53.2% | 445.05M▲ 23.1% | 421.36M▼ 5.3% | 410.35M▼ 2.6% | 429.89M▲ 0% |
Net Margin % | 15.71% | 20.35% | 18.4% | 71.84% | 19.53% | 9.68% | 11.52% | 10.54% | 10.17% | 10.5% |
Net Income Growth % | 22% | 72.95% | 10.63% | 301.08% | -56.53% | -53.17% | 23.09% | -5.32% | -2.61% | 4.96% |
Net Income (Continuing) | 231.42M | 400.24M | 442.78M | 1.78B | 772.02M | 361.57M | 445.05M | 421.36M | 410.35M | 429.89M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 2.83▲ 0% | 4.92▲ 73.9% | 5.53▲ 12.4% | 22.41▲ 305.2% | 9.69▼ 56.8% | 4.61▼ 52.4% | 5.81▲ 26.0% | 5.62▼ 3.3% | 5.65▲ 0.5% | 6.00▲ 0% |
EPS Growth % | 21.46% | 73.85% | 12.4% | 305.24% | -56.76% | -52.43% | 26.03% | -3.27% | 0.53% | 8.56% |
EPS (Basic) | 2.89 | 5.00 | 5.57 | 22.55 | 9.78 | 4.62 | 5.82 | 5.63 | 5.66 | - |
Diluted Shares Outstanding | 81.83M | 81.36M | 80.1M | 79.23M | 79.67M | 78.42M | 76.57M | 74.99M | 72.59M | 71.61M |
Basic Shares Outstanding | 80.08M | 80.06M | 79.42M | 78.76M | 78.92M | 78.19M | 76.43M | 74.88M | 72.54M | 71.42M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ALGN Balance Sheet
Align Technology, Inc. (ALGN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.16B | 1.3B | 1.63B | 1.85B | 2.49B | 2.42B | 2.45B | 2.49B | 2.62B | 2.66B |
Cash & Short-Term Investments | 721.54M | 735.36M | 868.63M | 960.84M | 1.17B | 999.58M | 972.74M | 1.04B | 1.09B | 1.06B |
Cash Only | 449.51M | 636.9M | 550.42M | 960.84M | 1.1B | 942.05M | 937.44M | 1.04B | 1.08B | 1.06B |
Short-Term Investments | 272.03M | 98.46M | 318.2M | 0 | 71.97M | 57.53M | 35.3M | 0 | 15.92M | 0 |
Accounts Receivable | 324.19M | 482.31M | 616.55M | 657.7M | 990.81M | 1B | 1.05B | 1.03B | 1.16B | 1.13B |
Days Sales Outstanding | 80.31 | 89.52 | 93.5 | 97.11 | 91.5 | 97.75 | 98.96 | 93.98 | 104.71 | 101.95 |
Inventory | 31.69M | 55.64M | 112.05M | 139.24M | 230.23M | 338.75M | 296.9M | 254.29M | 226.34M | 214.94M |
Days Inventory Outstanding | 32.45 | 39.16 | 61.7 | 71.71 | 82.61 | 112.32 | 93.79 | 77.36 | 64.64 | 62.95 |
Other Current Assets | 0 | 0 | 24.42M | 61.69M | 31.48M | 16.76M | 77.33M | 81.58M | 75.26M | 255.54M |
Total Non-Current Assets | 620.85M | 749.98M | 867.28M | 2.98B | 3.45B | 3.52B | 3.64B | 3.72B | 3.62B | 3.66B |
Property, Plant & Equipment | 348.79M | 521.33M | 687.97M | 817.27M | 1.2B | 1.35B | 1.41B | 1.38B | 1.24B | 1.22B |
Fixed Asset Turnover | 4.22x | 3.77x | 3.50x | 3.02x | 3.29x | 2.76x | 2.74x | 2.89x | 3.25x | 3.19x |
Goodwill | 64.61M | 64.03M | 63.92M | 444.82M | 418.55M | 407.55M | 419.53M | 442.63M | 491.83M | 503.04M |
Intangible Assets | 24.45M | 17.92M | 11.77M | 130.07M | 109.71M | 95.72M | 82.12M | 103.49M | 93.93M | 100.82M |
Long-Term Investments | 94.55M | 64.89M | 5.89M | 0 | 125.32M | 41.98M | 8.02M | 0 | 0 | 0 |
Other Non-Current Assets | 38.38M | 17.13M | 33.72M | 35.15M | 57.51M | 55.83M | 128.68M | 234.16M | 278.05M | 365.14M |
Total Assets | 1.78B▲ 0% | 2.05B▲ 15.4% | 2.5B▲ 21.8% | 4.83B▲ 93.1% | 5.94B▲ 23.0% | 5.95B▲ 0.1% | 6.08B▲ 2.3% | 6.21B▲ 2.1% | 6.23B▲ 0.3% | 6.31B▲ 0% |
Asset Turnover | 0.83x | 0.96x | 0.96x | 0.51x | 0.67x | 0.63x | 0.63x | 0.64x | 0.65x | 0.66x |
Asset Growth % | 27.34% | 15.45% | 21.84% | 93.13% | 23.03% | 0.1% | 2.29% | 2.15% | 0.31% | 2.68% |
Total Current Liabilities | 497.82M | 692.07M | 970.97M | 1.33B | 1.92B | 1.93B | 2.07B | 2.04B | 1.92B | 1.91B |
Accounts Payable | 36.78M | 64.26M | 87.25M | 142.13M | 163.89M | 127.87M | 113.13M | 108.69M | 121.45M | 123.72M |
Days Payables Outstanding | 37.66 | 45.22 | 48.04 | 73.2 | 58.81 | 42.4 | 35.74 | 33.06 | 34.68 | 33.44 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.94M | 0 |
Deferred Revenue (Current) | 273.09M | 393.14M | 563.76M | 777.89M | 1.15B | 1.34B | 1.43B | 1.33B | 1.26B | 5.11B |
Other Current Liabilities | 5.06M | 101.82M | 127.61M | 183.61M | 262.4M | 203.97M | 237.16M | 0 | 234.61M | 546.88M |
Current Ratio | 2.32x | 1.88x | 1.68x | 1.40x | 1.30x | 1.26x | 1.18x | 1.22x | 1.36x | 1.39x |
Quick Ratio | 2.26x | 1.80x | 1.57x | 1.29x | 1.18x | 1.08x | 1.04x | 1.10x | 1.24x | 1.28x |
Cash Conversion Cycle | 75.1 | 83.46 | 107.16 | 95.62 | 115.3 | 167.67 | 157.02 | 138.27 | 134.67 | 131.46 |
Total Non-Current Liabilities | 129.67M | 107.49M | 183.56M | 270.22M | 395.32M | 420.7M | 386.78M | 324.59M | 264.53M | 258.9M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 43.46M | 64.44M | 102.66M | 100.33M | 96.97M | 88.21M | 82.51M | 343.68M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 129.67M | 107.49M | 140.1M | 205.77M | 292.67M | 320.37M | 289.81M | 236.37M | 182.02M | 175.48M |
Total Liabilities | 627.49M | 799.57M | 1.15B | 1.6B | 2.32B | 2.35B | 2.45B | 2.36B | 2.18B | 2.16B |
Total Debt | 0 | 0 | 59.2M | 86.18M | 125.38M | 126.91M | 126.62M | 119.28M | 114.45M | 83.42M |
Net Debt | -449.51M | -636.9M | -491.23M | -874.66M | -974M | -815.14M | -810.82M | -924.61M | -964.54M | -976.41M |
Debt / Equity | - | - | 0.04x | 0.03x | 0.03x | 0.04x | 0.03x | 0.03x | 0.03x | 0.02x |
Debt / EBITDA | - | - | 0.10x | 0.18x | 0.12x | 0.17x | 0.16x | 0.16x | 0.14x | 0.11x |
Net Debt / EBITDA | -1.15x | -1.22x | -0.79x | -1.82x | -0.90x | -1.06x | -1.03x | -1.23x | -1.21x | -1.24x |
Interest Coverage | - | - | - | - | - | - | - | - | - | 389.13x |
Total Equity | 1.15B▲ 0% | 1.25B▲ 8.9% | 1.35B▲ 7.4% | 3.23B▲ 140.2% | 3.62B▲ 12.0% | 3.6B▼ 0.6% | 3.63B▲ 0.8% | 3.85B▲ 6.1% | 4.05B▲ 5.1% | 4.15B▲ 0% |
Equity Growth % | 15.57% | 8.91% | 7.45% | 140.23% | 12.02% | -0.59% | 0.81% | 6.1% | 5.12% | 18.93% |
Book Value per Share | 14.06 | 15.40 | 16.81 | 40.82 | 45.47 | 45.92 | 47.42 | 51.36 | 55.78 | 57.94 |
Total Shareholders' Equity | 1.15B | 1.25B | 1.35B | 3.23B | 3.62B | 3.6B | 3.63B | 3.85B | 4.05B | 4.15B |
Common Stock | 8K | 8K | 8K | 8K | 8K | 8K | 7K | 7K | 7K | 0 |
Retained Earnings | 263.36M | 378.14M | 439.91M | 2.22B | 2.62B | 2.57B | 2.45B | 2.48B | 2.46B | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 571K | -2.77M | -688K | 43.5M | 4.33M | -10.28M | 21.17M | 5.98M | 75.39M | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ALGN Cash Flow Statement
Align Technology, Inc. (ALGN) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 438.54M | 554.68M | 747.27M | 662.17M | 1.17B | 568.73M | 785.78M | 738.23M | 593.22M | 691.59M |
Operating CF Margin % | 29.76% | 28.21% | 31.05% | 26.79% | 29.67% | 15.23% | 20.34% | 18.46% | 14.7% | - |
Operating CF Growth % | 77.08% | 26.48% | 34.72% | -11.39% | 77.07% | -51.5% | 38.16% | -6.05% | -19.64% | 116.82% |
Net Income | 231.42M | 400.24M | 442.78M | 1.78B | 772.02M | 361.57M | 445.05M | 421.36M | 410.35M | 429.89M |
Depreciation & Amortization | 37.74M | 54.73M | 78.99M | 93.54M | 108.73M | 125.79M | 142.4M | 145.03M | 237.44M | 118.55M |
Stock-Based Compensation | 58.85M | 70.76M | 88.18M | 98.43M | 114.34M | 133.37M | 154.03M | 173.7M | 0 | 140.87M |
Deferred Taxes | 17.57M | -15.68M | 307K | -1.49B | 15.46M | -39.49M | -18.64M | 25.76M | 33.09M | 161K |
Other Non-Cash Items | 17.07M | 25.95M | 61.8M | 56.21M | 7.77M | 71.81M | 70.83M | 44.81M | 268.37M | 404.47M |
Working Capital Changes | 75.89M | 18.69M | 75.21M | 129.69M | 154.24M | -84.31M | -7.89M | -72.43M | -356.01M | -185.23M |
Change in Receivables | -90.99M | -109.22M | -121.01M | -139.78M | -262.07M | 21.55M | -104.61M | -153.49M | -139.91M | -74.61M |
Change in Inventory | -5.48M | -24.11M | -58.27M | -29.11M | -112.45M | -130.1M | 30.17M | 25.05M | 808K | -6.59M |
Change in Payables | 8.18M | 25.05M | 22.1M | 52.21M | 19.75M | -36.52M | -7.7M | -843K | 5.33M | -3.25M |
Cash from Investing | -248.31M | 6.93M | -350.44M | -231.51M | -563.43M | -213.32M | -195.94M | -254.91M | -112.44M | -218.74M |
Capital Expenditures | -195.69M | -223.31M | -149.71M | -154.92M | -401.1M | -291.9M | -177.72M | -115.58M | -102.44M | 72.06M |
CapEx % of Revenue | 13.28% | 11.36% | 6.22% | 6.27% | 10.15% | 7.82% | 4.6% | 2.89% | 2.54% | 1.76% |
Acquisitions | -21.72M | -5M | 0 | -420.79M | -8M | -12.3M | -77M | -183.42M | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -29.43M | 30.77M | 7.12M | 28.08M | -417K | -2.21M | 278K | 235K | 0 | -290.79M |
Cash from Financing | -135.5M | -369.43M | -485.54M | -30.81M | -458.33M | -501.69M | -598.34M | -355.72M | -464.58M | -305.95M |
Debt Issued (Net) | 0 | 0 | -45.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | -89.33M | -283.37M | -382.09M | 20.31M | -349.42M | -408.89M | -565.76M | -327.6M | -444.19M | -181.51M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -103.79M | -300M | -400M | 0 | -375.04M | -435.04M | -592.36M | -352.88M | -465.94M | -189.35M |
Other Financing | -46.17M | -86.07M | -57.67M | -51.12M | -108.92M | -92.8M | -32.58M | -28.13M | -20.39M | -124.44M |
Net Change in Cash | 60.24M▲ 0% | 187.44M▲ 211.2% | -86.43M▼ 146.1% | 410.34M▲ 574.8% | 138.66M▼ 66.2% | -157.78M▼ 213.8% | -3.84M▲ 97.6% | 106.44M▲ 2874.9% | 51.22M▼ 51.9% | 187.06M▲ 0% |
Free Cash Flow | 242.84M▲ 0% | 331.37M▲ 36.5% | 597.56M▲ 80.3% | 507.26M▼ 15.1% | 771.45M▲ 52.1% | 276.83M▼ 64.1% | 608.06M▲ 119.6% | 622.65M▲ 2.4% | 490.78M▼ 21.2% | 716.88M▲ 0% |
FCF Margin % | 16.48% | 16.85% | 24.83% | 20.52% | 19.52% | 7.41% | 15.74% | 15.57% | 12.16% | 17.5% |
FCF Growth % | 37.14% | 36.45% | 80.33% | -15.11% | 52.08% | -64.12% | 119.65% | 2.4% | -21.18% | 13.66% |
FCF per Share | 2.97 | 4.07 | 7.46 | 6.40 | 9.68 | 3.53 | 7.94 | 8.30 | 6.76 | 10.01 |
FCF Conversion (FCF/Net Income) | 1.90x | 1.39x | 1.69x | 0.37x | 1.52x | 1.57x | 1.77x | 1.75x | 1.45x | 1.67x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 51.23M | 0 | 0 | 76.33M | 203.31M | 231.88M | 294.57M | 177.08M | 0 | 0 |
ALGN Key Ratios
Align Technology, Inc. (ALGN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 21.57% | 33.31% | 34.07% | 77.55% | 22.52% | 10.01% | 12.31% | 11.26% | 10.39% | 10.7% |
Return on Invested Capital (ROIC) | 40.58% | 53.15% | 55.32% | 18.07% | 29.25% | 17.74% | 17.21% | 15.86% | 15.37% | 14.24% |
Gross Margin | 75.81% | 73.63% | 72.46% | 71.33% | 74.26% | 70.52% | 70.08% | 70% | 68.33% | 67.68% |
Net Margin | 15.71% | 20.35% | 18.4% | 71.84% | 19.53% | 9.68% | 11.52% | 10.54% | 10.17% | 10.5% |
Debt / Equity | - | - | 0.04x | 0.03x | 0.03x | 0.04x | 0.03x | 0.03x | 0.03x | 0.02x |
Interest Coverage | - | - | - | - | - | - | - | - | - | 389.13x |
FCF Conversion | 1.90x | 1.39x | 1.69x | 0.37x | 1.52x | 1.57x | 1.77x | 1.75x | 1.45x | 1.67x |
Revenue Growth | 36.44% | 33.47% | 22.39% | 2.71% | 59.9% | -5.51% | 3.42% | 3.54% | 0.9% | 2.89% |
Related:ALGN Dividend History·ALGN Revenue History·ALGN Price History·ALGN P/E History·ALGN Financial Ratios·ALGN Institutional Holders
ALGN SEC Filings & Documents
Align Technology, Inc. (ALGN) SEC filings — annual & quarterly reports (10-K, 10-Q)
ALGN Frequently Asked Questions
Align Technology, Inc. (ALGN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Align Technology, Inc. (ALGN) reported $4.10B in revenue for fiscal year 2025. This represents a 996442% increase from $0.4M in 1999.
Align Technology, Inc. (ALGN) grew revenue by 0.9% over the past year. Growth has been modest.
Yes, Align Technology, Inc. (ALGN) is profitable, generating $429.9M in net income for fiscal year 2025 (10.2% net margin).
Dividend & Returns
Align Technology, Inc. (ALGN) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.
Align Technology, Inc. (ALGN) generated $716.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.