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Stocks / United States / ALGN · Orthopedic, Prosthetic & Surgical Appliances & Supplies · Nasdaq

Align Technology Inc. (ALGN)

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Align Technology Inc. (ALGN) reported revenue of $1.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 4.3% on the same quarter a year earlier. Net income was $108 million, down 13.1% on the year, and diluted earnings per share $1.51. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.1 billionup 4.3%
Net income$108 milliondown 13.1%
Diluted EPS$1.51
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE9.8%
ROCE12.9%
Operating margin13.2%
Net margin10.0%
FCF margin15.3%
Interest covern/a
Debt to equityn/a
Cash conversion1.83
Share count, 1 year-1.7%
Sales CAGR, 3 years2.6%
Profit CAGR, 3 years4.3%
EPS, TTM$5.74

At the close of 21 September 2026

Price$146.88
Market cap$10.5 billion
Stock P/E25.59
Price to book2.47
EV / EBITDA11.67
Dividend yieldn/a
Market cap / sales2.53
52-week high$197.51
52-week low$124.88
Price, 1 year11.8%
Price CAGR, 3 years-21.1%
Price CAGR, 5 years-27.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. 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. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ALGN

Filings21 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 officer or director change; 3 regulation fd disclosure; 1 shareholder vote; 1 charter or bylaw amendment, or fiscal year change
Planned insider sales1 Form 144 notice in twelve months, $1.5 million; latest 12 February 2026
Options tapeput/call 1.02 by open interest on 23 September 2026; the straddle prices a 3.2% move to 25 September 2026
Holders10 of the followed funds hold it; largest FMR LLC; 9 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.9 million shares short, 4.40 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue9609579971,0289789959791,0129961,0481,0401,056
Cost of revenue297287300306296298299304356364304299
Gross profit663670698723682697680708639684737757
Gross margin69%70%70%70%70%70%69%70%64%65%71%72%
R&D88.782.291.992.285.394.997.296.493.383.098.7102
SG&A408403452452434425448449418442465463
Operating income16617215414716214413116396.3155142154
Operating margin17%18%15%14%17%14%13%16%10%15%14%15%
Pre-tax income16217315814416614114017494.7177149149
Tax rate25%28%34%33%30%26%34%28%40%23%24%27%
Net income12112410596.611610493.212556.8136113108
Net margin13%13%11%9%12%10%10%12%6%13%11%10%
Diluted EPS$1.58$1.63$1.39$1.28$1.55$1.40$1.27$1.72$0.78$1.88$1.57$1.51
Operating cash flow28746.928.716026428652.7129189223151193
Capital expenditure21.633.49.453.529.823.025.321.519.835.930.835.7
Free cash flow26613.519.310623426327.4107169187120157
Buybacks0.03000.01500.020320196.071.697.231.266.9
Shares outstanding77m75m75m75m75m74m73m72m72m71m72m71m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* 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. 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.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue7628451,0801,4731,9662,4072,4723,9533,7353,8623,9994,0354,140
Cost of revenue1832052653565196637091,0171,1011,1551,2001,3241,323
Gross profit5786408151,1171,4481,7441,7632,9352,6342,7072,7992,7112,817
Gross margin75.9%75.7%75.5%75.8%73.6%72.5%71.3%74.3%70.5%70.1%70.0%67.2%68.0%
Research and development52.861.275.797.6129157175250305347364370377
Selling, general and administrative332390n/an/a8521,0721,2011,7091,6741,7031,7631,7561,787
Operating income194189249354467542387976643643608546548
Operating margin25.4%22.3%23.1%24.0%23.7%22.5%15.7%24.7%17.2%16.7%15.2%13.5%13.2%
Pre-tax income1901862433654675633791,012599641609585569
Income tax44.542.151.213057.7112-1,397240237196188175155
Effective tax rate23.4%22.6%21.1%35.7%12.4%20.0%-368.6%23.7%39.6%30.6%30.8%29.9%27.3%
Net income1461441902314004431,776772362445421410414
Net margin19.1%17.0%17.6%15.7%20.4%18.4%71.8%19.5%9.7%11.5%10.5%10.2%10.0%
Diluted EPS$1.77$1.77$2.33$2.83$4.92$5.53$22.41$9.69$4.61$5.81$5.62$5.65$5.74
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. 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. 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.

Cash flow and capital returned

FY2014FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow2272382484395557476621,173569786738593756
Capital expenditure24.153.570.6196223150155401292178116102122
Free cash flow203185177243331598507771277608623491634
Free cash flow margin26.6%21.8%16.4%16.5%16.9%24.8%20.5%19.5%7.4%15.7%15.6%12.2%15.3%
Depreciation and amortisation17.918.024.037.754.779.093.5109126142145237254
Share-based compensation39.852.954.158.970.888.298.4114133154174186179
Buybacks98.210296.21043004000.0375435592353466267
Diluted shares, weighted82m82m81m82m81m80m79m80m78m77m75m73m72m
Shares outstanding at period end80m80m80m80m80m78m79m79m77m75m74m71m71m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the 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 at year end

FY2014FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets9881,1591,3961,7842,0522,5014,8305,9425,9486,0846,2156,2346,418
Cash and equivalents2001683894506375509611,0999429371,0441,0951,103
Receivables1301592473244395506588978609039961,1021,148
Inventory15.919.527.131.755.6112139230339297254226212
Goodwill61.461.161.064.664.063.9445419408420443492497
Operating lease liabilitiesn/an/an/an/a0.043.564.410310097.088.282.586.6
Shareholders' equity7538489991,1541,2531,3463,2343,6233,6013,6303,8524,0494,232
Filing10-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. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded16.9%10.3%2.6%4.4%
Profit growth, compounded11.0%-25.4%4.3%-5.5%
Return on equity, average22.3%12.9%11.1%10.1%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return 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.

Peers: Orthopedic, Prosthetic & Surgical Appliances & Supplies

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$142.1 billion46.1117.3%31.3%20.7%n/an/a
Edwards Lifesciences Corp. EW$50.9 billion50.779.5%22.3%14.6%0.06n/a
Steris plc STE$20.2 billion25.2911.2%18.9%8.4%0.261.2%
Zimmer Biomet Holdings, Inc. ZBH$18.0 billion22.896.4%14.2%8.6%0.501.0%
Align Technology Inc. ALGN$10.5 billion25.599.8%13.2%4.4%n/an/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
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
10-Q31 March 20243 May 2024EDGAR

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