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Align Technology Inc. (ALGN)

Align Technology is a global medical device company that designs, manufactures and markets Invisalign clear aligners for treating malocclusion, meaning misaligned teeth, along with Vivera retainers for retention, iTero intraoral scanners and services for dentistry, and exocad computer-aided design and manufacturing software for dental laboratories and practitioners. It ties those together as the Align Digital Platform, a suite of proprietary technologies and services running from patient to doctor to lab. Corporate headquarters are in Tempe, Arizona, with regional headquarters in Raleigh, Rotkreuz in Switzerland and Singapore. There are two segments: Clear Aligner, approximately 80 percent of worldwide net revenues in 2025, and Imaging Systems and CAD/CAM Services, the remaining 20 percent. The company had approximately 20,290 employees at the end of 2025, about 3.1 percent fewer than a year earlier. The filing states that over the past 28 years Align has helped doctors treat over 22 million patients with the Invisalign System.

Align Technology Inc.

Align Technology is a global medical device company that designs, manufactures and markets Invisalign clear aligners for treating malocclusion, meaning misaligned teeth, along with Vivera retainers for retention, iTero intraoral scanners and services for dentistry, and exocad computer-aided design and manufacturing software for dental laboratories and practitioners. It ties those together as the Align Digital Platform, a suite of proprietary technologies and services running from patient to doctor to lab. Corporate headquarters are in Tempe, Arizona, with regional headquarters in Raleigh, Rotkreuz in Switzerland and Singapore. There are two segments: Clear Aligner, approximately 80 percent of worldwide net revenues in 2025, and Imaging Systems and CAD/CAM Services, the remaining 20 percent. The company had approximately 20,290 employees at the end of 2025, about 3.1 percent fewer than a year earlier. The filing states that over the past 28 years Align has helped doctors treat over 22 million patients with the Invisalign System.

Clear Aligner

The Invisalign System treats cases from very mild to severe, in packages scaled to the case: Express and Lite for limited movement, Go for general practitioners, Moderate, and the Comprehensive packages. ClinCheck treatment planning software is the centre of it: from digital scans or physical impressions plus the doctor's preferences it generates a custom three-dimensional plan that simulates the desired tooth movement in stages and details where and when to place attachments, the tooth-coloured shapes used to increase force on particular teeth. The filing states its algorithms draw on data from over 22 million patients treated worldwide. The aligners use the company's own SmartTrack material, SmartForce features and SmartStage technology. Vivera retainers and the Invisalign accessory range sit alongside them, the latter covering dental supplies, aligner cases, cleaning devices, teeth whitening products and cleaning solutions.

Imaging Systems and CAD/CAM Services

Intraoral scanning replaces physical impressions: a handheld scanner builds a 3D digital image of a patient's teeth, which the filing argues is faster, more precise and more comfortable, and cuts the rate of restoration remakes, so patients are recalled less often. The digital model file then feeds several uses: fabricating physical models for labs making veneers, inlays, onlays, crowns, bridges and implant abutments; records storage; aiding caries detection; orthodontic diagnosis; retainers and appliances; and submitting an Invisalign digital impression. The iTero Element portfolio covers the Element 2, Element Flex, Element 5D imaging system, Element Plus Series and iTero Lumina, each available in selected regions. The filing describes the Element 5D as the first integrated dental imaging system to record 3D and intraoral colour camera images alongside NIRI technology, which aids detection of interproximal caries above the gum line without radiation. The scanners are interoperable with the Invisalign system, so a full mouth scan can be submitted as part of a prescription order. In 2025 the company launched the Align Oral Health Suite, integrating iTero diagnostic aid and visualisation tools.

Who it sells to

Most products go directly through a specialised sales force to orthodontists and general practitioners, the latter including prosthodontists, periodontists and oral surgeons, and to dental laboratories, with sales agents and distributors used in certain countries. It also sells directly to dental support organisations, which contract with practices to provide business management and non-clinical operations, and to laboratories that use its products to make or customise their own for licensed dentists. Accessory products go through large e-commerce sites, the company's doctor portal and in-store at large retailers and pharmacies. Each region has its own direct sales, marketing and support organisation with quota-carrying representatives, organised separately for orthodontists and general practitioners. At the end of 2025 there were approximately 130,015 active Invisalign-trained doctors, active meaning one case or more submitted in the prior 12 months.

Where it is made

Clear aligners are fabricated regionally, at Juarez in Mexico, Ziyang in China and Wroclaw in Poland, which the company says puts it nearer its customers. The handheld scanner wand is produced and final assembly and repair carried out at Ziyang and at Petah Tikva in Israel, with final assembly also at Blonie in Poland and at Juarez. Digital treatment planning and interpretation for restorative cases runs from facilities in Costa Rica, China, Germany, Spain, Poland and Japan among others. Because the products are mass-customised, proprietary processes have been developed including AI and machine-learning based CAD/CAM software, vision systems, CT scanning, stereolithography and automated aligner fabrication equipment. The quality system must comply with the Quality System regulations enforced by the FDA and equivalents elsewhere, and is certified to ISO 13485.

From Align Technology's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Align Technology became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 4 November 2026
Revenue
$1.0 billion
+1.9% on the year · -3.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$135 million
+138.0% on the year · +24.7% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.90
+143.6% on the year · +25.8% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 27 February 2026
Revenue
$4.0 billion
+0.9% on the year
FY2018FY2025
Net income
$410 million
-2.6% on the year
FY2018FY2025
Diluted EPS
$5.65
+0.5% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsAlign Technology (ALGN) reported revenue of $4.0 billion for fiscal 2025, the year ended 31 December 2025, up 0.9% on the year before. Net income was $410 million and diluted earnings per share $5.65. Revenue was $4.0 billion in fiscal 2024, $3.9 billion in fiscal 2023, $3.7 billion in fiscal 2022 and $4.0 billion in fiscal 2021. Net income in the same years was $421 million, $445 million, $362 million and $772 million. Over the twelve months to 30 September 2026, Align Technology reported revenue of $4.2 billion and net income of $492 million. Revenue grew 10.3% a year, compounded, over the five years to fiscal 2025. Align Technology had 71 million shares outstanding at the latest filed count. At 30 September 2026 it carried $0 million of debt and $1.1 billion of cash. At the close of 6 November 2026 the market cap of Align Technology was $11.7 billion, 24.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.4%
ROCE14.4%
Operating margin14.9%
Net margin11.8%
FCF margin14.5%
Interest covern/a
Debt to equity0.00x
Cash conversion1.52x
Share count, last 12 months-1.9%
Sales CAGR, 3 years2.6%
Profit CAGR, 3 years4.3%
EPS, TTM$6.87

At the close of 6 November 2026

Price$166.04
Market cap$11.7 billion
Stock P/E24.2x
Price to book2.7x
EV / EBITDA12.3x
Dividend yieldn/a
Market cap / sales2.8x
52-week high$197.51
52-week low$132.28
Price, 1 year24.2%
Price CAGR, 3 years-5.6%
Price CAGR, 5 years-24.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Align Technology Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
ALGNgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,0319739708909029431,0029609579971,0289789959791,0129961,0481,0401,0561,015
Cost of revenue287264282271284282289297287300306296298299304356364304299317
Gross profit745709688619618661714663670698723682697680708639684737757697
Gross margin72%73%71%70%69%70%71%69%70%70%70%70%70%69%70%64%65%71%72%69%
R&D72.571.873.077.083.587.488.588.782.291.992.285.394.997.296.493.383.098.710293.9
SG&A451439426399410440453408403452452434425448449418442465463411
Operating income22119818814411313417216617215414716214413116396.3155142154169
Operating margin21%20%19%16%12%14%17%17%18%15%14%17%14%13%16%10%15%14%15%17%
Pre-tax income22018717412311513517216217315814416614114017494.7177149149170
Tax rate13%28%35%41%64%35%35%25%28%34%33%30%26%34%28%40%23%24%27%21%
Net income19113411372.741.887.811212112410596.611610493.212556.8136113108135
Net margin19%14%12%8%5%9%11%13%13%11%9%12%10%10%12%6%13%11%10%13%
Diluted EPS$2.39$1.70$1.44$0.93$0.54$1.14$1.46$1.58$1.64$1.39$1.28$1.55$1.39$1.27$1.72$0.78$1.89$1.57$1.51$1.90
Operating cash flow27330.512726614520025228746.928.716026428652.7129189223151193183
Capital expenditure10987.376.075.353.264.158.521.633.49.453.529.823.025.321.519.835.930.835.745.0
Free cash flow164-56.851.019191.513619326613.519.310623426327.4107169187120157138
Buybacks10075.02000.01602920.00.03000.01500.020320196.071.697.231.266.9103
Shares outstanding79m79m78m78m77m77m77m77m75m75m75m75m74m73m72m72m71m72m71m71m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3043123874805606607628451,0801,4731,9662,4072,4723,9533,7353,8623,9994,0354,159
Cost of revenue78.878.883.71181441621832052653565196637091,0171,1011,1551,2001,3241,284
Gross profit2252333033614164985786408151,1171,4481,7441,7632,9352,6342,7072,7992,7112,875
Gross margin74.1%74.8%78.4%75.3%74.3%75.4%75.9%75.7%75.5%75.8%73.6%72.5%71.3%74.3%70.5%70.1%70.0%67.2%69.1%
Research and development26.222.326.037.242.944.152.861.275.797.6129157175250305347364370378
Selling, general and administrativen/an/an/an/an/a293332390n/an/a8521,0721,2011,7091,6741,7031,7631,7561,780
Operating income15.5-34.010390.485.694.2194189249354467542387976643643608546620
Operating margin5.1%-10.9%26.5%18.8%15.3%14.3%25.4%22.3%23.1%24.0%23.7%22.5%15.7%24.7%17.2%16.7%15.2%13.5%14.9%
Interest expense0.00.10.00.1n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income17.1-33.910289.984.393.11901862433654675633791,012599641609585644
Income tax-62.9-2.627.823.225.628.844.542.151.213057.7112-1,397240237196188175152
Effective tax rate-368.4%n/a27.2%25.8%30.4%31.0%23.4%22.6%21.1%35.7%12.4%20.0%-368.6%23.7%39.6%30.6%30.8%29.9%23.7%
Net income80.0-31.374.366.758.764.31461441902314004431,776772362445421410492
Net margin26.3%-10.0%19.2%13.9%10.5%9.7%19.1%17.0%17.6%15.7%20.4%18.4%71.8%19.5%9.7%11.5%10.5%10.2%11.8%
Diluted EPS$1.18-$0.45$0.95$0.83$0.71$0.78$1.77$1.77$2.33$2.83$4.92$5.53$22.41$9.69$4.61$5.81$5.62$5.65$6.87
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2025

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Clear Aligner2653024346157138009581,3091,6912,0262,1013,2473,0733,1993,2303,24580.4%
Systems and Servicesn/an/an/an/an/an/an/an/a27538137070666266376979019.6%
CAD/CAM Services0.014.6n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Invisalign Assist14.727.5n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Invisalign Non-Case Revenues20.224.830.7n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Invisalign Teen52.854.5n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Scanner and Services34.642.551.545.649.145.3122164n/an/an/an/an/an/an/an/an/a
Scanners0.013.443.5n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Clear AlignerSystems and Services FY2018 to FY2025Scanner and Services FY2010 to FY2017Invisalign Non-Case Revenues FY2010 to FY2012Scanners FY2011 to FY2012Invisalign Teen FY2010 to FY2011Invisalign Assist FY2010 to FY2011CAD/CAM Services FY2011
480FY2011660FY2013845FY20151,473FY20172,407FY20193,953FY20213,862FY20234,035FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2014 to FY2025

The operating profit each segment reports. Costs Align Technology does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Clear Aligner3413714125657128367681,3261,1341,1821,1421,03531.9%
Systems and Servicesn/an/an/an/a99.013896.125918019126930638.8%
Scanner and Services-8.5-12.337.549.6n/an/an/an/an/an/an/an/an/a
Clear AlignerSystems and Services FY2018 to FY2025Scanner and Services FY2014 to FY2017
359FY2015614FY2017974FY20191,585FY20211,374FY20231,341FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Clear Aligner80%77%
Systems and Services20%23%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States2372913604284915335866928361,0241,1621,1001,7241,6601,6661,6961,66141.2%
Other International3.14.221.926.246.372.392.554.299.41772885638758581,0281,3201,45336.0%
Switzerlandn/an/an/an/an/an/an/an/an/a0.00.08091,3531,2161,16898492122.8%
Chinan/an/an/an/an/an/an/a46.581.7156197n/an/an/an/an/an/an/a
Netherlands72.292.097.9106122157167287456610760n/an/an/an/an/an/an/a
United StatesOther InternationalSwitzerland FY2020 to FY2025Netherlands FY2009 to FY2019China FY2016 to FY2019
387FY2010660FY20131,080FY20162,407FY20193,735FY20224,035FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2008FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow39.774.21301301341862272382484395557476621,173569786738593750
Capital expenditure14.37.218.030.438.319.424.153.570.6196223150155401292178116102147
Free cash flow25.467.011110095.4167203185177243331598507771277608623491602
Free cash flow margin8.4%21.4%28.8%20.9%17.0%25.2%26.6%21.8%16.4%16.5%16.9%24.8%20.5%19.5%7.4%15.7%15.6%12.2%14.5%
Cash from investing-1.1-1.6-15.9-212-78.3-211-202-16673.0-2516.9-350-232-563-213-196-255-112-297
Cash from financing-40.46.814.727.210.2-38.2-66.4-101-95.5-136-369-486-30.8-458-502-598-356-465-308
Depreciation and amortisation10.010.211.412.117.816.817.918.024.037.754.779.093.5109126142145237238
Share-based compensation17.115.116.119.221.526.439.852.954.158.970.888.298.4114133154174186170
Buybacks50.1n/a0.07.847.295.198.210296.21043004000.0375435592353466298
Diluted shares, weighted68m69m78m80m83m83m82m82m81m82m81m80m79m80m78m77m75m73m71m
Shares outstanding at period endn/an/a76m79m81m81m80m80m80m80m80m78m79m79m77m75m74m71m71m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity219n/a3784915816347538489991,1541,2531,3463,2343,6233,6013,6303,8524,0494,306
Debtn/an/a0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.043.564.410310097.088.282.5112
Other liabilitiesn/an/a99.21581751982353113976308001,1111,5312,2172,2462,3562,2742,1022,103
Total liabilities and equityn/an/a4776497568329881,1591,3961,7842,0522,5014,8305,9425,9486,0846,2156,2346,521
Owned
Fixed assetsn/an/a30.754.079.275.790.11361753495216327351,0821,2321,2911,2711,1311,134
Goodwilln/an/a0.513599.261.661.461.161.064.664.063.9445419408420443492495
Intangible assetsn/an/a2.250.045.823.720.718.121.024.517.911.813011095.782.110393.990.6
Investmentsn/a20.017.77.449.72294035113113121083180.019799.543.30.0n/an/a
Cash and equivalents87.1n/a2953063062432001683894506375509611,0999429371,0441,0951,145
Receivablesn/an/a65.491.599.01131301592473244395506588978609039961,1021,164
Inventoryn/an/a2.59.415.114.015.919.527.131.755.6112139230339297254226225
Other assetsn/a81.863.3n/a61.971.967.686.31642292102621,7621,9081,9732,1102,1032,0932,267
Total assetsn/an/a4776497568329881,1591,3961,7842,0522,5014,8305,9425,9486,0846,2156,2346,521
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded16.9%10.3%2.6%4.4%
Profit growth, compounded11.0%-25.4%4.3%30.0%
Return on equity, average22.3%12.9%11.1%10.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Align Technology's revenue in fiscal 2025?

Align Technology (ALGN) reported revenue of $4.0 billion for fiscal 2025, the year ended 31 December 2025, up 0.9% on the year before.

How much did Align Technology earn in fiscal 2025?

Net income was $410 million for fiscal 2025, and diluted earnings per share $5.65.

What is Align Technology's P/E ratio?

At the close of 6 November 2026, Align Technology traded at 24.2 times its earnings over the twelve months to 30 September 2026.

What is Align Technology's market cap?

The market cap of Align Technology was $11.7 billion at the close of 6 November 2026.

How much debt does Align Technology have?

At 30 September 2026 Align Technology carried $0 million of debt and $1.1 billion of cash.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$156.9 billion54.7518.5%28.4%20.5%0.00n/a
Edwards Lifesciences Corp. EW$58.8 billion57.679.4%21.6%13.4%0.06n/a
Steris plc STE$24.5 billion29.9311.4%19.0%8.1%0.261.0%
Zimmer Biomet Holdings, Inc. ZBH$20.0 billion26.736.0%13.6%7.0%0.590.9%
Smith & Nephew plc SNN *$13.7 billion21.7611.8%12.9%6.1%0.592.4%
Align Technology Inc. ALGN$11.7 billion24.1711.4%14.9%4.4%0.00n/a
MSA Safety Inc. MSA$6.6 billion21.8621.1%20.2%8.1%0.781.3%
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-246.6%-6.6%38.3%17.17n/a
Enovis Corp. ENOV$1.6 billionn/a-35.3%-20.6%3.3%0.84n/a
Cadre Holdings, Inc. CDRE$1.4 billion34.4211.2%10.7%18.3%1.011.2%
Anteris Technologies Global Corp. AVR$553 millionn/a-41.2%-4,738.4%-9.6%0.00n/a
Sanara MedTech Inc. SMTI$291 millionn/a-403.0%n/a12.9%5.85n/a
All 110 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$156.9 billion54.7518.5%28.4%20.5%0.00n/a
Medtronic plc MDT$130.3 billion25.0710.4%18.1%9.8%0.562.8%
Stryker Corp. SYK$124.0 billion34.7015.4%20.7%7.9%0.641.1%
3M Co. MMM$95.7 billion27.6185.7%18.8%1.7%3.631.7%
Boston Scientific Corp. BSX$62.0 billion18.1113.7%18.7%8.9%0.47n/a
Edwards Lifesciences Corp. EW$58.8 billion57.679.4%21.6%13.4%0.06n/a
Becton Dickinson & Co. BDX$57.7 billion63.803.9%9.6%-2.6%0.692.0%
Medline Inc. MDLN$52.2 billion57.614.9%5.7%n/a1.07n/a
GE HealthCare Technologies Inc. GEHC$37.2 billion17.3818.5%13.3%6.9%0.860.2%
Resmed Inc. RMD$33.1 billion21.4226.8%33.0%9.0%0.071.0%
Dexcom Inc. DXCM$29.6 billion31.1439.1%24.0%13.0%0.49n/a
Koninklijke Philips N.V. PHG *$29.2 billion29.228.2%8.0%-1.0%0.741.3%
West Pharmaceutical Services Inc. WST$27.9 billion44.8721.5%23.0%12.6%0.070.2%
Steris plc STE$24.5 billion29.9311.4%19.0%8.1%0.261.0%
Zimmer Biomet Holdings, Inc. ZBH$20.0 billion26.736.0%13.6%7.0%0.590.9%
Solventum Corp. SOLV$15.4 billion101.513.2%5.6%-2.8%1.05n/a
Smith & Nephew plc SNN *$13.7 billion21.7611.8%12.9%6.1%0.592.4%
Baxter International Inc. BAX$13.3 billionn/a-11.1%-1.9%5.3%1.322.0%
Glaukos Corp. GKOS$13.3 billionn/a-23.7%-25.5%46.9%0.00n/a
Penumbra Inc. PEN$12.6 billion80.459.9%12.1%17.0%0.00n/a
Cooper Companies, Inc. COO$11.9 billion21.296.8%12.8%4.7%0.31n/a
Align Technology Inc. ALGN$11.7 billion24.1711.4%14.9%4.4%0.00n/a
Insulet Corp. PODD$10.2 billion23.8727.2%18.4%26.5%0.61n/a
Globus Medical Inc. GMED$9.5 billion17.4511.6%21.6%13.4%0.00n/a
Bausch & Lomb Corp. BLCO$7.1 billionn/a-1.7%7.1%8.9%0.79n/a
MSA Safety Inc. MSA$6.6 billion21.8621.1%20.2%8.1%0.781.3%
Teleflex Inc. TFX$6.0 billion18.338.7%9.4%20.9%0.460.9%
Haemonetics Corp. HAE$5.5 billion53.8311.6%12.8%4.1%1.26n/a
Merit Medical Systems Inc. MMSI$5.2 billion32.809.2%13.5%9.1%0.42n/a
LivaNova plc LIVN$5.0 billion30.0114.3%10.7%11.7%0.22n/a
MiniMed Group, Inc. MMED$4.7 billionn/an/an/an/a0.00n/a
Heartflow, Inc. HTFL$4.5 billionn/a-42.3%-37.8%n/a0.00n/a
Integer Holdings Corp. ITGR$4.3 billion42.486.0%8.2%-0.3%0.71n/a
ICU Medical Inc. ICUI$4.3 billion71.992.8%5.1%-5.9%0.53n/a
Envista Holdings Corp. NVST$4.0 billion6.5120.5%25.4%9.8%0.46n/a
Pulse Biosciences, Inc. PLSE$3.9 billionn/a-45.6%-5,821.1%1,637.2%0.00n/a
Warby Parker Inc. WRBY$3.2 billion424.581.9%0.2%9.9%0.00n/a
TransMedics Group, Inc. TMDX$3.1 billion23.8926.2%11.9%28.5%0.930.0%
iRhythm Holdings, Inc. IRTC$3.0 billionn/a-21.8%-5.7%21.6%3.68n/a
Axogen, Inc. AXGN$3.0 billionn/a-6.4%-5.2%24.3%0.00n/a
AtriCure, Inc. ATRC$3.0 billion195.032.8%2.9%13.8%0.11n/a
UFP Technologies Inc. UFPT$2.3 billion30.9015.8%15.5%8.6%0.20n/a
Establishment Labs Holdings Inc. ESTA$2.0 billionn/a-246.6%-6.6%38.3%17.17n/a
Dentsply Sirona Inc. XRAY$1.9 billionn/a-8.9%-1.5%-1.4%1.626.8%
Lemaitre Vascular Inc. LMAT$1.9 billion29.4214.7%27.7%11.8%0.391.2%
Inspire Medical Systems, Inc. INSP$1.8 billion18.5712.2%1.8%-0.2%0.00n/a
Kestra Medical Technologies, Ltd. KMTS$1.7 billionn/a-67.4%-134.5%60.7%0.33n/a
Butterfly Network, Inc. BFLY$1.7 billionn/a-29.1%-46.9%39.3%0.000.0%
Enovis Corp. ENOV$1.6 billionn/a-35.3%-20.6%3.3%0.84n/a
NovoCure Ltd. NVCR$1.6 billionn/a-34.7%-17.2%12.9%0.56n/a
Conmed Corp. CNMD$1.5 billion21.306.9%9.9%1.6%0.771.2%
National Vision Holdings, Inc. EYE$1.4 billion29.335.6%4.1%7.8%0.26n/a
Cadre Holdings, Inc. CDRE$1.4 billion34.4211.2%10.7%18.3%1.011.2%
Staar Surgical Co. STAA$1.3 billion1,815,851,369,755,783,936.000.1%0.2%42.4%0.00n/a
Procept BioRobotics Corp. PRCT$1.2 billionn/a-34.9%-33.6%17.5%0.16n/a
Tandem Diabetes Care Inc. TNDM$1.2 billionn/a-36.4%-2.4%6.8%4.47n/a
Alphatec Holdings, Inc. ATEC$1.2 billionn/an/a-3.6%15.3%n/an/a
Iradimed Corp. IRMD$1.1 billion46.1422.5%32.3%11.0%0.000.9%
Si-Bone, Inc. SIBN$1.1 billionn/a-7.4%-7.6%14.0%0.190.0%
Integra LifeSciences Holdings Corp. IART$1.0 billion78.971.2%4.4%0.8%1.71n/a
Ceribell, Inc. CBLL$1.0 billionn/a-62.9%-69.8%31.3%0.17n/a
Artivion, Inc. AORT$986 millionn/a-3.9%2.3%14.0%0.81n/a
Bioventus Inc. BVS$893 million13.2523.8%9.7%3.9%0.96n/a
Beta Bionics, Inc. BBNX$855 millionn/a-20.7%-72.7%43.7%0.00n/a
Orthopediatrics Corp. KIDS$828 millionn/a-10.0%-9.4%16.1%0.31n/a
Tactile Systems Technology Inc. TCMD$585 million25.2610.5%9.4%14.4%0.00n/a
Sight Sciences, Inc. SGHT$558 millionn/a-57.8%-29.5%16.2%0.83n/a
Anteris Technologies Global Corp. AVR$553 millionn/a-41.2%-4,738.4%-9.6%0.00n/a
Delcath Systems, Inc. DCTH$517 million1,494.000.4%-1.9%35.8%0.00n/a
Avita Medical, Inc. RCEL$513 millionn/an/a-33.9%17.0%n/an/a
Angiodynamics Inc. ANGO$497 millionn/a-20.1%-11.2%8.2%0.00n/a
Mimedx Group, Inc. MDXG$482 millionn/a-9.1%-8.3%-22.8%0.00n/a
SS Innovations International, Inc. SSII$430 millionn/a-23.3%-15.8%89.7%0.00n/a
NeuroPace Inc. NPCE$428 millionn/a-160.9%-15.3%11.6%4.970.0%
Shoulder Innovations, Inc. SI$426 millionn/a-28.2%-54.4%n/a0.13n/a
Cerus Corp. CERS$407 millionn/a-9.7%-1.0%n/a0.84n/a
Carlsmed, Inc. CARL$395 millionn/a-43.1%-61.1%n/a0.18n/a
Mobia Medical, Inc. MOBI$372 millionn/an/an/an/a0.05n/a
Embecta Corp. EMBC$350 million4.18n/a21.9%-7.6%n/a7.4%
Orchestra BioMed Holdings, Inc. OBIO$341 millionn/a-305.5%-181.4%986.1%1.80n/a
Orthofix Medical Inc. OFIX$320 millionn/a-14.4%-4.7%3.0%0.52n/a
CapsoVision, Inc. CV$316 millionn/a-226.6%-217.1%n/a0.00n/a
Cytosorbents Corp. CTSO$308 millionn/an/a-34.7%3.1%n/an/a
Sanara MedTech Inc. SMTI$291 millionn/a-403.0%n/a12.9%5.85n/a
ClearPoint Neuro, Inc. CLPT$276 millionn/a-132.5%-70.6%32.5%1.86n/a
InfuSystem Holdings, Inc. INFU$272 million33.3414.4%9.3%2.5%0.35n/a
Treace Medical Concepts, Inc. TMCI$265 millionn/a-90.5%-24.4%-7.1%0.91n/a
Profound Medical Corp. PROF$264 millionn/a-76.4%-145.1%65.3%0.11n/a
Orasure Technologies Inc. OSUR$238 millionn/a-15.5%-48.1%-18.9%0.00n/a
Utah Medical Products Inc. UTMD$231 million22.138.6%28.4%-7.0%0.00n/a
Electromed, Inc. ELMD$226 million20.5820.9%18.8%15.3%0.00n/a
PRO DEX Inc. PDEX$202 million17.3524.4%16.8%13.3%0.33n/a
TriSalus Life Sciences, Inc. TLSI$200 millionn/a-430.7%-67.7%25.2%5.05n/a
Anika Therapeutics, Inc. ANIK$195 millionn/a-1.3%-2.1%9.4%0.00n/a
RxSight, Inc. RXST$190 millionn/a-20.9%-50.4%-14.3%0.00n/a
Inogen Inc. INGN$161 millionn/a-14.1%-8.7%3.2%0.00n/a
Edap TMS SA FOCL$158 millionn/a-104.3%-35.4%n/a0.99n/a
Koru Medical Systems, Inc. KRMD$143 millionn/a-10.1%-3.7%22.4%0.00n/a
Apyx Medical Corp. APYX$124 millionn/a-87.6%-5.5%24.4%3.89n/a
Pulmonx Corp. LUNG$112 millionn/a-124.4%-44.4%-3.2%1.11n/a
Stereotaxis, Inc. STXS$111 millionn/a-182.3%-75.7%-5.5%0.00n/a
SkinHealth Systems Inc. SKIN$102 millionn/a-32.8%2.4%-4.4%4.36n/a
Lakeland Industries Inc. LAKE$88 millionn/a-21.4%-4.1%-0.4%0.23n/a
Outset Medical, Inc. OM$79 millionn/a-85.4%-51.2%1.6%1.18n/a
Neuraxis, Inc. NRXS$77 millionn/a-114.0%-144.5%65.2%0.01n/a
Lucid Diagnostics Inc. LUCD$76 millionn/a-478.3%-930.8%24.9%2.15n/a
Lensar, Inc. LNSR$66 millionn/a232.8%-13.5%3.3%0.25n/a
NutriBand Inc. NTRB$66 millionn/a-130.7%-435.6%-37.3%0.00n/a
RenovoRx, Inc. RNXT$55 millionn/a-140.2%-489.0%n/a0.00n/a
PAVmed Inc. PAVM$10 millionn/a-34.5%-23,841.1%-89.0%0.43n/a
14 companies share its SEC industry code (Orthopedic, Prosthetic & Surgical Appliances & Supplies); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ALGN

Dividendsno dividend in its filings for fiscal 2008 onward
Filings23 in twelve months: 13 current reports (8-K), about 4 officer or director change; 4 regulation FD disclosure; 4 results of operations; 1 material agreement; 1 new financial obligation
Planned insider sales1 Form 144 notice in twelve months, $1.5 million; latest 12 February 2026
Options tapeput/call 0.7 by open interest at the 6 November 2026 close; the straddle prices a 4.5% move to 13 November 2026
13F holders681 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.1 million shares short, 4.33 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20264 November 2026EDGAR
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR

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