Align Technology, Inc. (ALGN)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2,472 | 3,953 | 3,735 | 3,862 | 3,999 | 4,035 | 4,140 | 4,166 |
| Operating profit | $m | 616 | 552 | ||||||
| Net profit | $m | 1,776 | 772 | 362 | 445 | 421 | 410 | 414 | 827 |
| EPS reported | $ | 5.65 | 5.76 | ||||||
| Operating cashflow per share | $ | 8.18 | 10.58 | ||||||
| Capex per share | $ | 1.41 | 0.00 | ||||||
| FCF per share | $ | 6.77 | 10.58 | ||||||
| Free cash flow | $m | 491 | 756 | ||||||
| Net debt | $m | -1,063 | -1,068 | ||||||
| Book value equity | $m | 4,049 | 4,232 | ||||||
| Book value per share | $ | 55.78 | 59.09 | ||||||
| Number of shares | m | 72.59 | 71.63 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 27.64 | 25.48 | ||||||
| P/B LTM | x | 2.80 | 2.68 | ||||||
| P/S LTM | x | 2.81 | 2.74 | ||||||
| P/FCF LTM | x | 23.08 | 14.99 | ||||||
| EV/EBITDA LTM | x | 13.53 | 13.18 | ||||||
| EV/Sales LTM | x | 2.57 | 2.51 | ||||||
| Earnings Yield LTM | % | +3.62% | +3.92% | ||||||
| FCF Yield | % | +4.33% | +6.67% | ||||||
| Quality | |||||||||
| ROE | % | +10.13% | +10.09% | ||||||
| ROIC | % | +9.94% | +8.83% | ||||||
| Operating margin | % | +15.27% | +13.33% | ||||||
| Gross margin | % | +68.33% | +66.48% | ||||||
| FCF/Sales | % | +12.16% | +18.26% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +0.53% | +2.49% | ||||||
| Sales Growth YoY | % | +0.90% | +3.51% | ||||||
| Net Income Growth YoY | % | -2.61% | -1.85% | ||||||
| FCF Growth | % | -21.18% | +21.37% | ||||||
| Operating Profit Growth | % | +1.41% | -9.18% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 4.29 | 6.25 | ||||||
| Net Debt/EBITDA | x | -1.26 | -1.25 | ||||||
| EBIT/Net interest | x | 0.00 | 352.85 | ||||||
| Net debt/market cap | % | +0.28% | 0.00% | ||||||
| Net debt/Equity | x | -0.26 | -0.25 | ||||||
| Gross debt/equity | x | 0.03 | 0.03 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Align Technology, Inc. is a medical technology enterprise that develops, produces, and markets its leading products: Invisalign transparent dental aligners and iTero digital intraoral scanners, along with related services. These offerings serve a wide range of dental professionals, including orthodontists, general dentists, and those specializing in restorative and cosmetic dentistry. The company's operations are divided into two main business units: "Clear Aligner" and "Scanners and Services." The Clear Aligner segment offers a variety of solutions. Its comprehensive products include the full Invisalign treatment for teenage patients, designed to address complex orthodontic needs such as mandibular advancement, patient compliance tracking, and managing tooth eruption. It also features specialized Invisalign First Phase I and Phase 2 packages for younger children, typically aged seven to ten, who have mixed dentition (a combination of primary and permanent teeth). Beyond these, the segment provides non-comprehensive aligner options like Invisalign moderate, lite, express, and Invisalign Go. Additional non-case products include retention devices, fees for Invisalign training, and sales of ancillary items such as cleaning materials and adjustment tools used by dental practitioners during treatment. The Scanners and Services segment centers around the iTero scanner, a unified hardware platform offering various software applications for both restorative and orthodontic procedures. It supplies specialized restorative software to general dentists, prosthodontists, periodontists, and oral surgeons, as well as distinct software for orthodontists to manage digital patient records, perform diagnoses, and facilitate the fabrication of printed models and retainers. This segment also provides computer-aided design and manufacturing (CAD/CAM) services, along with supplementary products like disposable covers for the scanner wand and iTero models and dies. Furthermore, it includes third-party scanners and digital scan solutions, the Invisalign Outcome Simulator (a chair-side and cloud-based application for the iTero scanner), the Invisalign Progress Assessment tool, and TimeLapse technology, which enables clinicians to compare a patient's historical 3D scans against current data. Align Technology distributes its products worldwide, with a strong presence in the United States, Switzerland, and China. Founded in 1997, the company is headquartered in Tempe, Arizona.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Align Technology, Inc. is a medical technology enterprise that develops, produces, and markets its leading products: Invisalign transparent dental aligners and iTero digital intraoral scanners, along with related services. These offerings serve a wide range of dental professionals, including orthodontists, general dentists, and those specializing in restorative and cosmetic dentistry. The company's operations are divided into two main business units: "Clear Aligner" and "Scanners and Services." The Clear Aligner segment offers a variety of solutions. Its comprehensive products include the full Invisalign treatment for teenage patients, designed to address complex orthodontic needs such as mandibular advancement, patient compliance tracking, and managing tooth eruption. It also features specialized Invisalign First Phase I and Phase 2 packages for younger children, typically aged seven to ten, who have mixed dentition (a combination of primary and permanent teeth). Beyond these, the segment provides non-comprehensive aligner options like Invisalign moderate, lite, express, and Invisalign Go. Additional non-case products include retention devices, fees for Invisalign training, and sales of ancillary items such as cleaning materials and adjustment tools used by dental practitioners during treatment. The Scanners and Services segment centers around the iTero scanner, a unified hardware platform offering various software applications for both restorative and orthodontic procedures. It supplies specialized restorative software to general dentists, prosthodontists, periodontists, and oral surgeons, as well as distinct software for orthodontists to manage digital patient records, perform diagnoses, and facilitate the fabrication of printed models and retainers. This segment also provides computer-aided design and manufacturing (CAD/CAM) services, along with supplementary products like disposable covers for the scanner wand and iTero models and dies. Furthermore, it includes third-party scanners and digital scan solutions, the Invisalign Outcome Simulator (a chair-side and cloud-based application for the iTero scanner), the Invisalign Progress Assessment tool, and TimeLapse technology, which enables clinicians to compare a patient's historical 3D scans against current data. Align Technology distributes its products worldwide, with a strong presence in the United States, Switzerland, and China. Founded in 1997, the company is headquartered in Tempe, Arizona.
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