Align Technology, Inc. logo ALGN - Align Technology, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 7
SELL 2
STRONG
SELL
0
| PRICE TARGET: $203.60 DETAILS
HIGH: $235.00
LOW: $185.00
MEDIAN: $200.00
CONSENSUS: $203.60
UPSIDE: 24.49%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 4,035.0 3,999.0 3,862.3 3,734.6 3,952.6 2,471.9 2,406.8 1,966.5 1,473.4 1,079.9 845.5 761.7 660.2 560.0 479.7 387.1 312.3 304.0 284.3 206.4 207.1 172.8 122.7 69.7 44.8 6.7 0.4
Cost of Revenue 1,278.1 1,199.9 1,155.4 1,100.9 1,017.2 708.7 662.9 518.6 356.5 264.6 205.4 183.2 162.1 143.7 118.5 83.7 78.8 78.8 75.0 64.8 63.8 57.5 51.6 45.0 46.8 20.3 1.8
Gross Profit 2,756.9 2,799.2 2,706.9 2,633.8 2,935.4 1,763.2 1,743.9 1,447.9 1,116.9 815.3 640.1 578.4 498.1 416.4 361.3 303.4 233.5 225.1 209.3 141.6 143.3 115.3 71.2 24.7 (2.0) (13.5) (1.3)
Operating Expenses
R&D Expenses 369.9 364.2 346.8 305.3 250.3 175.3 157.4 128.9 97.6 75.7 61.2 52.8 44.1 42.9 37.2 26.0 22.3 26.2 25.7 18.5 18.6 15.8 13.1 13.1 15.6 9.2 4.2
SG&A Expenses 1,755.8 1,763.2 1,703.4 1,674.5 1,708.6 1,200.8 1,072.1 852.4 665.8 490.7 390.2 332.1 292.8 251.3 233.8 170.1 243.9 177.2 151.5 160.6 122.3 89.8 78.0 84.6 83.1 58.4 9.2
Other Expenses 15.0 64.1 13.3 11.5 0 0 (28.0) 0 0 0 0 0 67.0 36.6 0 4.5 1.3 6.2 (1.8) 0 0 0 0 (0.1) 0 0 0
Operating Expenses 2,140.7 2,191.5 2,063.5 1,991.2 1,959.0 1,376.1 1,201.4 981.3 763.3 566.4 451.5 384.9 403.9 330.8 270.9 200.7 267.5 209.6 175.4 179.1 140.9 105.5 91.1 97.5 98.7 67.6 13.4
Operating Income
Operating Income 616.2 607.6 643.3 642.6 976.4 387.2 542.5 466.6 353.6 248.9 188.6 193.6 94.2 85.6 90.4 102.7 (34.0) 15.5 33.9 (37.5) 2.4 9.8 (19.9) (72.8) (100.8) (81.1) (14.7)
Interest Expense 0 0 0 0 0 0 0 0 0 0 2.5 3.2 1.1 2.1 0.1 0 0.1 0.0 0 0 0 0 0 0 0 0 0
Interest Income 16.0 20.2 17.3 5.4 3.1 3.1 12.5 8.6 6.9 4.2 0 0 0 0.8 0.6 0.6 0.6 3.1 4.2 3.2 1.9 0.7 0.5 1.0 0 0 0
Profitability
EBITDA 765.9 816.8 799.1 779.8 1,085.1 480.7 593.5 521.3 391.4 272.9 206.6 211.4 178.1 140.0 107.8 121.5 (20.8) 29.9 47.2 (27.3) 12.9 24.5 2.0 (43.7) (71.0) (78.6) (14.1)
EBIT 585.3 671.8 656.7 654.0 976.4 387.2 514.5 466.6 353.6 248.9 188.6 193.6 161.2 122.2 90.4 107.3 (33.8) 17.1 33.9 (37.5) 2.4 9.8 (19.9) (72.8) (100.8) (81.1) (14.7)
Income Before Tax 585.3 609.0 641.2 599.1 1,012.4 378.9 555.1 458.0 364.8 242.6 186.1 190.4 93.1 84.3 89.9 102.0 (33.9) 17.1 37.0 (34.1) 2.7 9.8 (20.0) (72.8) (99.0) (88.7) 0
Income Tax Expense 174.9 187.6 196.2 237.5 240.4 (1,396.9) 112.3 57.7 130.2 51.2 42.1 44.5 28.8 25.6 23.2 27.8 (2.6) (62.9) 1.2 0.8 1.3 1.0 0.1 0 0.0 0 0
Net Income 410.4 421.4 445.1 361.6 772.0 1,775.9 442.8 400.2 231.4 189.7 144.0 145.8 64.3 58.7 66.7 74.3 (31.3) 80.0 35.7 (35.0) 1.4 8.8 (20.1) (72.8) (99.0) (88.7) (15.4)
Per Share Data
EPS (Basic) 5.66 5.63 5.82 4.62 9.78 22.55 5.57 5.00 2.89 2.38 1.80 1.81 0.80 0.73 0.86 0.98 -0.45 1.20 0.53 -0.55 0.02 0.15 -0.35 -1.42 -2.31 -16.00 -3.65
EPS (Diluted) 5.65 5.62 5.81 4.61 9.69 22.41 5.53 4.92 2.83 2.33 1.77 1.77 0.78 0.71 0.83 0.95 -0.45 1.18 0.50 -0.55 0.02 0.14 -0.35 -1.42 -2.31 -16.00 -3.65
Shares Outstanding 72.5 74.9 76.4 78.2 78.9 78.8 79.4 80.1 80.1 79.9 80.0 80.8 80.6 80.5 78.0 75.8 69.1 66.8 67.2 63.2 61.6 60.0 57.8 47.9 42.2 5.5 4.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999
Current Assets
Cash & Cash Equivalents 1,079.0 1,043.9 937.4 942.0 1,099.4 960.8 550.4 636.9 449.5 389.3 166.5 87.1 69.7 44.9 35.6 50.5 2.8 6.8
Short-Term Investments 15.9 0 35.3 57.5 72.0 0 318.2 98.5 272.0 251.0 20.0 23.1 0 2.3 2.7 12.5 9.6 5.3
Net Receivables 1,157.6 1,029.7 1,047.2 1,000.2 990.8 657.7 616.5 482.3 324.2 247.4 54.5 52.4 28.8 21.3 16.8 11.6 4.5 0.3
Inventory 226.3 254.3 296.9 338.8 230.2 139.2 112.1 55.6 31.7 27.1 2.0 2.0 2.9 2.3 1.5 1.5 2.0 0.4
Other Current Assets 75.3 81.6 77.3 16.8 31.5 61.7 24.4 0 0 0 0 0 0.3 2.2 6.9 5.4 22.4 1.0
Total Current Assets 2,616.6 2,492.4 2,446.6 2,424.4 2,494.1 1,849.5 1,633.4 1,302.5 1,157.0 953.0 261.3 177.9 106.8 77.1 65.8 81.6 41.4 13.8
Non-Current Assets
Property, Plant & Equipment 1,239.8 1,384.5 1,408.9 1,350.7 1,203.2 817.3 688.0 521.3 348.8 175.2 25.0 27.0 21.7 23.1 25.1 32.0 21.1 3.3
Goodwill 491.8 442.6 419.5 407.6 418.5 444.8 63.9 64.0 64.6 61.0 0.5 0.5 0 0 0 0 0 0
Intangible Assets 93.9 103.5 82.1 95.7 109.7 130.1 11.8 17.9 24.5 21.0 5.0 7.8 0 0 0 0 0 0
Long-Term Investments 0 0 8.0 42.0 125.3 0 5.9 64.9 94.6 104.8 0 (61.7) 0 0 0 0 6.3 0
Other Non-Current Assets 278.0 234.2 128.7 55.8 57.5 35.2 33.7 17.1 38.4 13.3 2.0 66.2 2.2 2.0 1.9 4.6 1.8 0
Total Non-Current Assets 3,617.1 3,722.2 3,637.3 3,523.6 3,448.0 2,980.1 867.3 750.0 620.9 443.2 93.9 101.4 23.9 25.1 27.0 36.6 29.2 3.3
Total Assets 6,233.7 6,214.6 6,083.9 5,947.9 5,942.1 4,829.7 2,500.7 2,052.5 1,777.9 1,396.2 355.2 279.3 130.7 102.2 92.9 118.2 70.6 17.1
Current Liabilities
Account Payables 121.5 108.7 113.1 127.9 163.9 142.1 87.2 64.3 36.8 28.6 6.1 5.6 3.4 3.1 2.0 4.4 5.5 1.6
Short-Term Debt 31.9 0 0 0 0 0 0 0 0 0 0 0 1.8 2.0 2.2 0.5 0 0
Deferred Revenue 1,261.8 1,331.1 1,427.7 1,343.6 1,152.9 777.9 563.8 393.1 273.1 191.4 32.3 16.7 16.3 13.1 2.1 1.6 14.8 2.0
Other Current Liabilities 234.6 0 237.2 204.0 262.4 183.6 127.6 101.8 5.1 45.9 11.7 20.5 14.2 0 7.3 0 2.4 0.1
Total Current Liabilities 1,920.0 2,038.0 2,066.6 1,925.9 1,924.1 1,325.6 971.0 692.1 497.8 354.3 81.2 60.6 44.9 37.4 18.4 17.8 23.1 3.7
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0.0 1.7 3.3 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 182.0 236.4 289.8 320.4 292.7 205.8 140.1 107.5 129.7 46.4 1.0 0.2 0 0 0 0 130.7 32.8
Total Non-Current Liabilities 264.5 324.6 386.8 420.7 395.3 270.2 183.6 107.5 129.7 46.4 1.0 0.2 0.0 1.8 3.8 1.0 132.1 32.8
Total Liabilities 2,184.5 2,362.6 2,453.4 2,346.6 2,319.4 1,595.8 1,154.5 799.6 627.5 400.8 82.2 60.8 45.0 39.2 22.2 18.8 155.2 36.5
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 2,464.2 2,483.8 2,447.2 2,566.7 2,619.4 2,215.8 439.9 378.1 263.4 131.4 (252.5) (221.2) (291.8) (300.6) (274.2) (206.1) (108.6) (19.9)
Accumulated Other Comprehensive Income 75.4 6.0 21.2 (10.3) 4.3 43.5 (0.7) (2.8) 0.6 (0.9) 0.5 0.3 (0.0) (5.2) (19.9) (49.6) 0.1 (32.8)
Total Stockholders' Equity 4,049.1 3,852.0 3,630.5 3,601.4 3,622.7 3,233.9 1,346.2 1,252.9 1,150.4 995.4 273.0 218.5 85.7 63.0 70.6 99.4 (84.7) (19.4)
Total Liabilities & Equity 6,233.7 6,214.6 6,083.9 5,947.9 5,942.1 4,829.7 2,500.7 2,052.5 1,777.9 1,396.2 355.2 279.3 130.7 102.2 92.9 118.2 70.6 17.1
Debt Metrics
Total Debt 114.4 119.3 126.6 126.9 125.4 86.2 59.2 0 0 0 0 0 1.9 3.8 6.0 1.5 1.9 0.0
Net Debt (964.5) (924.6) (810.8) (815.1) (974.0) (874.7) (491.2) (636.9) (449.5) (389.3) (166.5) (87.1) (67.8) (41.1) (29.5) (49.1) (0.9) (6.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999
Operating Activities
Net Income 410.4 421.4 445.1 361.6 772.0 1,775.9 442.8 400.2 231.4 189.7 1.4 8.8 (20.1) (68.1) (97.5) (88.7) (15.4)
Depreciation & Amortization 237.4 145.0 142.4 125.8 108.7 93.5 79.0 54.7 37.7 24.0 10.5 14.7 21.9 29.1 30.0 2.5 0.6
Stock-Based Compensation 0 173.7 154.0 133.4 114.3 98.4 88.2 70.8 58.9 54.1 0.1 5.1 12.8 22.2 0 0 0
Change in Working Capital (356.0) (72.4) (7.9) (84.3) 154.2 129.7 75.2 18.7 75.9 (16.6) 3.4 (0.1) 8.2 (7.8) (12.8) 3.6 1.8
Other Non-Cash Items 268.4 44.8 70.8 71.8 7.8 56.2 61.8 25.9 17.1 (3.1) 0.9 (0.0) 2.2 0.0 2.4 23.8 1.4
Operating Cash Flow 593.2 738.2 785.8 568.7 1,172.5 662.2 747.3 554.7 438.5 247.7 16.1 24.6 12.1 (40.4) (77.9) (58.8) (11.6)
Investing Activities
Capital Expenditure (102.4) (115.6) (177.7) (291.9) (401.1) (154.9) (149.7) (223.3) (195.7) (70.6) (13.8) (9.1) (7.6) (8.1) (19.2) (13.6) (2.5)
Acquisitions 0 (183.4) (77.0) (12.3) (8.0) (420.8) 0 (5) (21.7) (46.7) (0.9) 0.9 0.1 0 0 0 0
Purchases of Investments (10) 0 (2.9) (28.0) (200.9) (5.3) (693.3) (180.2) (390.2) (405.6) (2.2) (0.5) (7.7) (2.0) (72.2) (35.3) (6.2)
Sales/Maturities of Investments 0 43.9 61.4 121.1 47.0 321.5 485.4 384.7 388.8 604.0 2.2 2.8 8.1 14.1 74.3 9.1 5.1
Other Investing Activities 0 0.2 0.3 (2.2) (0.4) 28.1 7.1 30.8 (29.4) (8.2) (0.6) (0.1) 2.8 (2.5) 15.1 (1.8) 0
Investing Cash Flow (112.4) (254.9) (195.9) (213.3) (563.4) (231.5) (350.4) 6.9 (248.3) 72.8 (15.3) (6.0) (4.3) 1.5 (2.0) (41.6) (3.6)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 (45.8) 0 0 0 (1.8) (2.0) (1.3) 5.0 (0.2) (0.3) 0.7
Stock Repurchased (465.9) (352.9) (592.4) (435.0) (375.0) 0 (400.0) (300.0) (103.8) (96.2) 0 (0.0) (0.0) (0.3) (0.1) (0.0) (0.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (20.4) (28.1) (32.6) (92.8) (108.9) (51.1) (57.7) (86.1) (46.2) (13.1) 0 0 0 0 (10.9) 95.8 0.1
Financing Cash Flow (464.6) (355.7) (598.3) (501.7) (458.3) (30.8) (485.5) (369.4) (135.5) (95.5) 3.7 6.1 1.6 23.9 127.5 96.4 19.6
Cash Position
Net Change in Cash 51.2 106.4 (3.8) (157.8) 138.7 410.3 (86.4) 187.4 60.2 221.6 4.6 24.7 9.4 (15.0) 47.7 (4.0) 4.4
Cash at Beginning 1,045.0 938.5 942.4 1,100.1 961.5 551.1 637.6 450.1 389.3 167.7 69.7 44.9 35.6 50.5 2.8 6.8 2.5
Cash at End 1,096.2 1,045.0 938.5 942.4 1,100.1 961.5 551.1 637.6 449.5 389.3 74.2 69.7 44.9 35.6 50.5 2.8 6.8
Free Cash Flow 490.8 622.7 608.1 276.8 771.4 507.3 597.6 331.4 242.8 177.1 2.3 15.5 4.5 (48.5) (97.0) (72.4) (14.1)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 4,035.0 3,999.0 3,862.3 3,734.6 3,952.6 2,471.9 2,406.8 1,966.5 1,473.4 1,079.9 845.5 761.7 660.2 560.0 479.7 387.1 312.3 304.0 284.3 206.4 207.1 172.8 122.7 69.7 44.8 6.7 0.4
Gross Profit 2,756.9 2,799.2 2,706.9 2,633.8 2,935.4 1,763.2 1,743.9 1,447.9 1,116.9 815.3 640.1 578.4 498.1 416.4 361.3 303.4 233.5 225.1 209.3 141.6 143.3 115.3 71.2 24.7 (2.0) (13.5) (1.3)
Operating Income 616.2 607.6 643.3 642.6 976.4 387.2 542.5 466.6 353.6 248.9 188.6 193.6 94.2 85.6 90.4 102.7 (34.0) 15.5 33.9 (37.5) 2.4 9.8 (19.9) (72.8) (100.8) (81.1) (14.7)
Net Income 410.4 421.4 445.1 361.6 772.0 1,775.9 442.8 400.2 231.4 189.7 144.0 145.8 64.3 58.7 66.7 74.3 (31.3) 80.0 35.7 (35.0) 1.4 8.8 (20.1) (72.8) (99.0) (88.7) (15.4)
EPS (Diluted) 5.65 5.62 5.81 4.61 9.69 22.41 5.53 4.92 2.83 2.33 1.77 1.77 0.78 0.71 0.83 0.95 -0.45 1.18 0.50 -0.55 0.02 0.14 -0.35 -1.42 -2.31 -16.00 -3.65
Balance Sheet
Cash & Equivalents 1,079.0 1,043.9 937.4 942.0 1,099.4 960.8 550.4 636.9 449.5 389.3 166.5 87.1 69.7 44.9 35.6 50.5 2.8 6.8
Total Assets 6,233.7 6,214.6 6,083.9 5,947.9 5,942.1 4,829.7 2,500.7 2,052.5 1,777.9 1,396.2 355.2 279.3 130.7 102.2 92.9 118.2 70.6 17.1
Total Debt 114.4 119.3 126.6 126.9 125.4 86.2 59.2 0 0 0 0 0 1.9 3.8 6.0 1.5 1.9 0.0
Stockholders' Equity 4,049.1 3,852.0 3,630.5 3,601.4 3,622.7 3,233.9 1,346.2 1,252.9 1,150.4 995.4 273.0 218.5 85.7 63.0 70.6 99.4 (84.7) (19.4)
Cash Flow
Operating Cash Flow 593.2 738.2 785.8 568.7 1,172.5 662.2 747.3 554.7 438.5 247.7 16.1 24.6 12.1 (40.4) (77.9) (58.8) (11.6)
Capital Expenditure (102.4) (115.6) (177.7) (291.9) (401.1) (154.9) (149.7) (223.3) (195.7) (70.6) (13.8) (9.1) (7.6) (8.1) (19.2) (13.6) (2.5)
Free Cash Flow 490.8 622.7 608.1 276.8 771.4 507.3 597.6 331.4 242.8 177.1 2.3 15.5 4.5 (48.5) (97.0) (72.4) (14.1)