Align Technology, Inc. (ALGN)

Align Technology Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	4,140	4,035	3,999	3,862	3,735	3,953
Revenue Growth	4.41%	0.90%	3.54%	3.42%	-5.51%	59.90%
Gross Profit Gross Profit Growth	2,913	2,819	2,799	2,707	2,634	2,935
Operating Income Operating Income Growth	748.27	692.97	671.76	656.65	654.05	976.4
Net Income Net Income Growth	413.58	410.35	421.36	445.05	361.57	772.02
Earnings Per Share EPS Growth	5.76	5.65	5.62	5.81	4.61	9.69
EPS Growth	-2.77%	0.53%	-3.27%	26.03%	-52.42%	-56.76%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Americas Clear Aligner Americas Clear Aligner Growth	-	-	1,426	1,463	1,472	1,549
International Clear Aligner International Clear Aligner Growth	-	-	1,501	1,449	1,349	1,499
Non-Case Clear Aligner Non-Case Clear Aligner Growth	-	-	303.26	286.9	251.69	199.6
Systems and Services Systems and Services Growth	768.69	789.56	768.89	662.93	662.05	705.5
Revenue (Total) Revenue (Total) Growth	4,140	4,035	3,999	3,862	3,735	3,953

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,103	1,095	1,044	980.76	1,042	1,297
Total Debt Total Debt Growth	120.84	114.45	119.28	126.62	126.91	125.38
Net Cash (Debt) Net Cash Growth	981.75	980.46	924.61	854.15	914.65	1,171
Net Cash Growth	26.17%	6.04%	8.25%	-6.62%	-21.91%	33.91%
Net Cash Per Share Net Cash Per Share Growth	13.66	13.51	12.33	11.16	11.66	14.70

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	755.7	593.22	738.23	785.78	568.73	1,173
Capital Expenditures CapEx Growth	-122.13	-102.45	-115.58	-177.72	-291.9	-401.1
Free Cash Flow Free Cash Flow Growth	633.57	490.78	622.65	608.06	276.83	771.45
Free Cash Flow Growth	0.32%	-21.18%	2.40%	119.65%	-64.11%	52.08%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	70.36%	69.86%	70.00%	70.08%	70.52%	74.26%
Operating Margin	18.08%	17.17%	16.80%	17.00%	17.51%	24.70%
Pretax Margin	13.74%	14.51%	15.23%	16.60%	16.04%	25.61%
Profit Margin	9.99%	10.17%	10.54%	11.52%	9.68%	19.53%
FCF Margin	15.30%	12.16%	15.57%	15.74%	7.41%	19.52%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	26.56	27.30	36.94	47.15	45.56	67.12
Forward PE	12.90	14.45	21.07	30.51	27.93	52.51
P/FCF Ratio	17.15	22.83	25.00	34.51	59.51	67.17
PS Ratio	2.62	2.78	3.89	5.43	4.41	13.11

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Sep 7, 2026

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