Align Technology Inc. | Mid-cap | Healthcare
$125.79
-4.61%
| Align Technology Stock Comparison:
Align Technology vs Intuitive SurgicalAlign Technology vs Becton, DickinsonAlign Technology vs AvantorAlign Technology vs AptarGroupAlign Technology vs RepligenAlign Technology vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 1.0B
Gross Profit 708.1M 69.94%
Operating Income 163.0M 16.10%
Net Income 124.6M 12.31%
EPS (Diluted) $1.72

Balance Sheet Metrics

Total Assets 6.2B
Total Liabilities 2.3B
Shareholders Equity 3.9B
Debt to Equity 0.59

Cash Flow Metrics

Operating Cash Flow 93.2M
Free Cash Flow 107.2M

Revenue & Profitability Trend

Align Technology Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 4.0B 3.9B 3.7B 4.0B 2.5B
Cost of Goods Sold i 1.2B 1.2B 1.1B 1.0B 708.7M
Gross Profit i 2.8B 2.7B 2.6B 2.9B 1.8B
Gross Margin % i 70.0% 70.1% 70.5% 74.3% 71.3%
Operating Expenses
Research & Development i 364.2M 346.8M 305.3M 250.3M 175.3M
Selling, General & Administrative i 1.8B 1.7B 1.7B 1.7B 1.2B
Other Operating Expenses i - - - - -
Total Operating Expenses i 2.1B 2.1B 2.0B 2.0B 1.4B
Operating Income i 671.8M 656.7M 654.0M 976.4M 387.2M
Operating Margin % i 16.8% 17.0% 17.5% 24.7% 15.7%
Non-Operating Items
Interest Income i 20.2M 17.3M 5.4M 3.1M 3.1M
Interest Expense i - - - - -
Other Non-Operating Income -83.0M -32.7M -60.4M 32.9M -11.3M
Pre-tax Income i 609.0M 641.2M 599.1M 1.0B 378.9M
Income Tax i 187.6M 196.2M 237.5M 240.4M -1.4B
Effective Tax Rate % i 30.8% 30.6% 39.6% 23.7% -368.6%
Net Income i 421.4M 445.1M 361.6M 772.0M 1.8B
Net Margin % i 10.5% 11.5% 9.7% 19.5% 71.8%
Key Metrics
EBITDA i 880.9M 812.4M 791.3M 1.1B 480.7M
EPS (Basic) i $5.63 $5.82 $4.62 $9.78 $22.55
EPS (Diluted) i $5.62 $5.81 $4.61 $9.69 $22.41
Basic Shares Outstanding i 74877000 76426000 78190000 78917000 78760000
Diluted Shares Outstanding i 74877000 76426000 78190000 78917000 78760000

Income Statement Trend

Align Technology Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 1.0B 937.4M 942.0M 1.1B 960.8M
Short-term Investments i 0 35.3M 57.5M 72.0M 0
Accounts Receivable i 995.7M 903.4M 859.7M 897.2M 657.7M
Inventory i 254.3M 296.9M 338.8M 230.2M 139.2M
Other Current Assets 81.6M 77.3M 16.8M 31.5M 61.7M
Total Current Assets i 2.5B 2.4B 2.4B 2.5B 1.8B
Non-Current Assets
Property, Plant & Equipment i 985.2M 821.8M 702.7M 574.1M 454.6M
Goodwill i 988.7M 921.2M 910.8M 946.8M 1.0B
Intangible Assets i 103.5M 82.1M 95.7M 109.7M 130.1M
Long-term Investments - - - - -
Other Non-Current Assets 1.8B 1.7B 1.6B 1.6B 1.6B
Total Non-Current Assets i 3.7B 3.6B 3.5B 3.4B 3.0B
Total Assets i 6.2B 6.1B 5.9B 5.9B 4.8B
Liabilities
Current Liabilities
Accounts Payable i 108.7M 113.1M 127.9M 163.9M 142.1M
Short-term Debt i 31.1M 29.7M 26.6M 22.7M 21.7M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 2.0B 2.1B 1.9B 1.9B 1.3B
Non-Current Liabilities
Long-term Debt i 88.2M 97.0M 100.3M 102.7M 64.4M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 139.9M 173.1M 196.0M 174.6M 100.0M
Total Non-Current Liabilities i 324.6M 386.8M 420.7M 395.3M 270.2M
Total Liabilities i 2.4B 2.5B 2.3B 2.3B 1.6B
Equity
Common Stock i 7.0K 7.0K 8.0K 8.0K 8.0K
Retained Earnings i 2.5B 2.4B 2.6B 2.6B 2.2B
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 3.9B 3.6B 3.6B 3.6B 3.2B
Key Metrics
Total Debt i 119.3M 126.6M 126.9M 125.4M 86.2M
Working Capital i 454.4M 380.0M 498.5M 570.0M 523.9M

Balance Sheet Composition

Align Technology Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 421.4M 445.1M 361.6M 772.0M 1.8B
Depreciation & Amortization i 145.0M 142.4M 125.8M 108.7M 93.5M
Stock-Based Compensation i 173.7M 154.0M 133.4M 114.3M 98.4M
Working Capital Changes i -209.4M 4.6M 96.8M 107.9M 111.5M
Operating Cash Flow i 607.2M 793.2M 749.9M 1.2B 643.9M
Investing Activities
Capital Expenditures i -115.6M -177.7M -291.9M -401.1M -154.9M
Acquisitions i -183.4M -77.0M -12.3M -8.0M -420.8M
Investment Purchases i 0 -2.9M -28.0M -200.9M -5.3M
Investment Sales i 43.9M 61.4M 121.1M 47.0M 321.5M
Investing Cash Flow i -254.9M -195.9M -213.3M -563.4M -231.5M
Financing Activities
Share Repurchases i -352.9M -592.4M -435.0M -375.0M 0
Dividends Paid i - - - - -
Debt Issuance i - - - - -
Debt Repayment i - - - 0 0
Financing Cash Flow i -355.7M -598.3M -501.7M -458.3M -30.8M
Free Cash Flow i 622.7M 608.1M 276.8M 771.4M 507.3M
Net Change in Cash i -3.5M -1.0M 34.9M 147.8M 381.6M

Cash Flow Trend

Align Technology Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 21.25
Forward P/E 12.26
Price to Book 2.33
Price to Sales 2.30
PEG Ratio 0.62

Profitability Ratios

Profit Margin 11.04%
Operating Margin 16.10%
Return on Equity 11.41%
Return on Assets 6.50%

Financial Health

Current Ratio 1.23
Debt to Equity 3.14
Beta 1.70

Per Share Data

EPS (TTM) $5.92
Book Value per Share $53.98
Revenue per Share $53.71

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
algn 9.1B 21.25 2.33 11.41% 11.04% 3.14
Intuitive Surgical 163.8B 61.33 8.86 16.04% 28.51% 0.00
Becton, Dickinson 53.5B 34.63 2.13 6.18% 7.41% 75.93
Avantor 9.6B 13.27 1.45 11.73% 10.31% 67.49
AptarGroup 8.6B 22.56 3.18 15.26% 10.84% 43.12
Repligen 8.5B 511.11 4.10 -0.68% -2.05% 33.28

Financial data is updated regularly. All figures are in the company's reporting currency.