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ALGNAlign Technology, Inc.
$166.00$11.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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ALGN logo

Align Technology, Inc.

ALGN
NASDAQ · Eye & Dental Care
$166.00
At close - Nov 6, 4:00 PM EST - USD
Market Cap$11.89B
P/E24.0x
52W High$200.44
Volume1.76M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Flat Top-Line and SG&A Creep Test Align's Balance Sheet Strength

Align Technology's revenue has stalled near $1.0B per quarter, with quarterly growth oscillating between roughly -1.8% and 6.2% and the latest quarter at 1.9%, suggesting the business has lost its earlier expansion momentum.

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

ALGN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-21% Peers

P/E is 21% below peer median

03

Market leadership

RS 56 · Avg

Average momentum (RS Rating: 56)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has been flat near $1.0B for ten quarters with net margin fluctuating between 5.7% and 13.3% and the latest operating margin at 16.7%, indicating earnings volatility that outpaces the underlying operating trend.

Analyst Consensus+14.5% target
Buy(33 analysts)
22 Buy9 Hold2 Sell

The Bull Case

Upside Catalysts

Clear aligner leadership

Align Technology's dominant position in the clear aligner market is a key driver of long-term value.

Digital workflow platform

The company's proprietary digital workflow platform enhances efficiency and differentiation in orthodontic treatment.

Strong brand recognition

Invisalign's established brand provides competitive advantages and pricing power in the clear aligner space.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ALGN+6.39%
S&P 500 (^GSPC)+7.63%
1-Year Return
ALGN+24.13%
S&P 500 (^GSPC)+9.69%
3-Year Return
ALGN-16.06%
S&P 500 (^GSPC)+74.24%
5-Year Return
ALGN-76.65%
S&P 500 (^GSPC)+61.20%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
24.0x
Forward P/EExpansion
14.9x
EV/EBITDA20th %ile
15.0x
FCF YieldCash Flow
5.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
24.0x
45.7x
0th· Low
EV/EBITDA
15.0x
20.5x
20th· Low
Price/FCF
16.9x
34.5x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$67.85-59.1%
Base (Fair)$110.60-33.4%
Bull$124.73-24.9%
$67.85 Bear$110.60 Base$124.73 Bull
Current Market Price: $166.00
Trades at a 50.1% premium to Base DCF ($110.60)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.03B+0.9% YoY
Net income FY25
$410M-2.6% YoY
Free cash flow FY25
$491M-21.2% YoY
Operating margin FY25
15.3%+0.1 pts YoY
ROIC (FY25)15.4%
Avg ROIC 5Y19.1%
ROE (TTM)11.8%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$2.80+1.1%
vs $2.77
$1.0B+1.2%
vs $1.0B
Q3 2026
Jul 29, 2026
$2.64+0.8%
vs $2.62
$1.1B+0.4%
vs $1.1B
Q2 2026
Apr 29, 2026
$2.58+12.2%
vs $2.30
$1.0B+1.8%
vs $1.0B
Q1 2026
Feb 4, 2026
$3.29+10.0%
vs $2.99
$1.0B+1.4%
vs $1.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·1d ago
Align Technology Recognized in Extel's 2026 All-America Executive Team Rankings

TEMPE, Ariz. & SAN JOSE, Calif.--(BUSINESS WIRE)--Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced recognition in the 2026 All-America Executive Team rankings published by Extel Insights (formerly Institutional Investor Research), which evaluates the qual.

Business Wire·1d ago
Align Technology Announces $270 Million Accelerated Stock Repurchase Agreement

TEMPE, Ariz.--(BUSINESS WIRE)--Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced that it has entered into a new accelerated stock repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”), to repurchase $270 million of Align's common s.

Seeking Alpha·5d ago
Align Technology: Q3 Results Expose Weak Pricing Power Amidst Declining Market Share

Align Technology remains the global leader in clear aligners but faces intensifying competition and declining pricing power, especially in North America. ALGN's US market is saturated, with falling shipments, utilization, and revenue per case; international growth is now the primary driver. Gross margins and brand strength are under pressure, with competitors gaining share through lower costs and improved aesthetics.

Business Wire·5d ago
Align Technology Opens 2027 Annual Research Program to Advance Orthodontic and Dental Patient Care

TEMPE, Ariz.--(BUSINESS WIRE)--Align Technology, Inc. (NASDAQ: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced the opening of its 2027 Annual Research Award Program to support clinical and scientific dental research in universities across the globe. This year, up to $300,000 will be awarded to un.

Filtered for Align Technology, Inc.More Headlines
04

Compare before deciding

Benchmark ALGN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Align Technology, Inc. (ALGN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ALGN logoALGNAlign Technology, Inc.Current
$166.00$11.89B23.970.9%11.83%11.76%—
XRAY logoXRAYDENTSPLY SIRONA Inc.
$9.46$1.9B-15.57-2.98%-3.38%-9.02%6.79%
HSIC logoHSICHenry Schein, Inc.
$86.05$9.8B23.004.03%3.07%8.83%—
NVST logoNVSTEnvista Holdings Corp
$25.17$4.1B6.498.32%22.01%20.52%—
IDXX logoIDXXIDEXX Laboratories, Inc.
$676.04$53.33B45.2010.42%25.36%71.18%—
ISRG logoISRGIntuitive Surgical, Inc.
$452.80$159.96B53.8420.51%25.54%16.91%—

Compare ALGN vs Peers

Align Technology, Inc. (ALGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs XRAY

Most directly comparable listed peer for ALGN.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare ALGN against a more recognizable public peer.

Peer Set

Compare Top 5

vs XRAY, HSIC, NVST, IDXX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ALGN SEC Filings & Documents

Align Technology, Inc. (ALGN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 28, 2026·SEC

Material company update

Oct 28, 2026·SEC

Material company update

Jul 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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ALGN Frequently Asked Questions

Align Technology, Inc. (ALGN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Align Technology, Inc.'s revenue?

Align Technology, Inc. (ALGN) reported $4.16B in revenue over the trailing twelve months. Revenue was $4.03B in fiscal year 2025. That is 981643% more than the $0.4M of fiscal year 1999.

How fast is Align Technology, Inc. growing?

Align Technology, Inc. (ALGN) grew revenue by 4.4% over the trailing twelve months, compared with the twelve months before.

Is ALGN profitable?

Yes. Align Technology, Inc. (ALGN) earned $491.9M in net income over the trailing twelve months (a 11.8% net margin).

Dividend & Returns
What is ALGN's return on equity?

Align Technology, Inc. (ALGN) had a return on equity (ROE) of 11.8% over the trailing twelve months. That is in line with the market's typical 10-15%.

What is Align Technology, Inc.'s free cash flow?

Align Technology, Inc. (ALGN) generated $704.9M in free cash flow over the trailing twelve months.

What if you invested $1,000 in ALGN back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →