Overview
ALIGN TECHNOLOGY INC
Latest 10-K: FY2025, filed Feb 27, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $4.03B
- 0.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $2.71B
- 3.1%YoYdown from FY2024
- GrossProfit
- Operating income
- $0.55B
- 10.2%YoYdown from FY2024
- OperatingIncome
- Net income
- $0.41B
- 2.6%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $5.65
- 0.5%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 72.6M
- 3.2%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- ALIGN TECHNOLOGY INC reported revenue of $4.03B for fiscal 2025, up 0.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.
Profitability
- Operating margin was 13.5% and net margin was 10.2%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $5.65, up 0.5% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $4.03B0.9%up Benchmark median 6.4% | $4.00B3.5%up Benchmark median 4.5% | $3.86B3.4%up Benchmark median 4.8% | $3.73B5.5%down Benchmark median 10.3% | $3.95B59.9%up Benchmark median 13.8% | 0.5% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $2.71B3.1%down Benchmark median 6.8% | $2.80B3.4%up Benchmark median 5.5% | $2.71B2.8%up Benchmark median 5.2% | $2.63B10.3%down Benchmark median 8.3% | $2.94B66.5%up Benchmark median 15.7% | -2.0% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $545.75M10.2%down Benchmark median 7.3% | $607.63M5.6%down Benchmark median 7.4% | $643.34M0.1%up Benchmark median 4.9% | $642.60M34.2%down Benchmark median 7.5% | $976.40M152.2%up Benchmark median 23.5% | -13.5% Benchmark median 7.2% |
| Net Income | $410.35M2.6%down Benchmark median 4.8% | $421.36M5.3%down Benchmark median 5.7% | $445.05M23.1%up Benchmark median 1.9% | $361.57M53.2%down Benchmark median 1.3% | $772.02M56.5%down Benchmark median 33.9% | -14.6% Benchmark median 4.1% |
| EPS (Diluted) | $5.650.5%up Benchmark median 6.2% | $5.623.3%down Benchmark median 7.9% | $5.8126.0%up Benchmark median 1.9% | $4.6152.4%down Benchmark median 1.5% | $9.6956.8%down Benchmark median 34.8% | -12.6% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $6.23B0.3%up Benchmark median 5.6% | $6.21B2.1%up Benchmark median 3.4% | $6.08B2.3%up Benchmark median 4.1% | $5.95B0.1%up Benchmark median 2.2% | $5.94B23.0%up Benchmark median 6.7% | 1.2% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $2.18B7.5%down Benchmark median 6.4% | $2.36B3.7%down Benchmark median 1.9% | $2.45B4.6%up Benchmark median 2.9% | $2.35B1.2%up Benchmark median 2.0% | $2.32B45.3%up Benchmark median 5.2% | -1.5% Benchmark median 4.4% |
| Stockholders' Equity | $4.05B5.1%up Benchmark median 6.8% | $3.85B6.1%up Benchmark median 5.4% | $3.63B0.8%up Benchmark median 7.3% | $3.60B0.6%down Benchmark median 2.5% | $3.62B12.0%up Benchmark median 9.0% | 2.8% Benchmark median 6.1% |
| Cash & Equivalents | $1.09B4.9%up Benchmark median 5.2% | $1.04B11.4%up Benchmark median 1.9% | $0.94B0.5%down Benchmark median 6.7% | $0.94B14.3%down Benchmark median -8.6% | $1.10B14.4%up Benchmark median -2.9% | -0.1% Benchmark median 2.0% |
| Total Debt | — | — | — | — | — | — Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $0.59B19.6%down Benchmark median 6.3% | $0.74B6.1%down Benchmark median 4.8% | $0.79B38.2%up Benchmark median 9.9% | $0.57B51.5%down Benchmark median -0.7% | $1.17B77.1%up Benchmark median 10.7% | -15.7% Benchmark median 7.0% |
| Capital Expenditures | $102.44M11.4%down Benchmark median 5.4% | $115.58M35.0%down Benchmark median 2.8% | $177.72M39.1%down Benchmark median 11.3% | $291.90M27.2%down Benchmark median 14.0% | $401.10M158.9%up Benchmark median 8.1% | -28.9% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $490.78M21.2%down Benchmark median 7.3% | $622.65M2.4%up Benchmark median 6.1% | $608.06M119.6%up Benchmark median 8.8% | $276.83M64.1%down Benchmark median -11.3% | $771.45M52.1%up Benchmark median 10.2% | -10.7% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.6%
Wall Street
on net earnings
FY2024 2.7%
4.3%
Value investor
on free cash flow
FY2024 4.0%
Gap +0.7 pts: Value-investor figure 0.7 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 27.6×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
35.7%
Wall Street
on book equity
FY2024 24.6%
30.6%
Value investor
on tangible book
FY2024 21.1%
Gap −5.1 pts: Value-investor figure 5.1 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.4%
Wall Street
ROE: net income ÷ equity
FY2024 11.3%
11.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 13.4%
Gap +1.5 pts: Value-investor figure 1.5 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
19.4%
Wall Street
EBITDA margin
FY2024 18.8%
12.2%
Value investor
Free-cash-flow margin
FY2024 15.6%
Gap −7.2 pts: Value-investor figure 7.2 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.36×
Wall Street
Current ratio
FY2024 1.22×
1.24×
Value investor
Quick ratio, inventory excluded
FY2024 1.10×
Gap −0.12×: Value-investor figure 0.12 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ALGN yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ALGN and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/ALGN
Valuein. (2026, October 30). ALIGN TECHNOLOGY INC (ALGN) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ALGN
@misc{valuein_algn_2026,
author = {{Valuein}},
title = {ALIGN TECHNOLOGY INC (ALGN) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ALGN}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 27, 2026 · accession 0001097149-26-000014
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