Stocktoria

ALIGN TECHNOLOGY INC ALGN

Nasdaq · stock · Orthopedic, Prosthetic & Surgical Appliances & Supplies · website · IPO 2001-01-26 · LEI

ALIGN TECHNOLOGY INC statistics & valuation

Market cap$12.8B
P / E31.1×
P / S3.2×
P / B3.2×
P / FCF26.0×
Net margin10.2%
Return on equity10.1%
FCF margin12.2%
Return on capital12.7%
Graham number -51.6%$84.21

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($84.21); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
17.60% 15.70% 20.40% 18.40% 71.80% 19.50% 9.70% 11.50% 10.50% 10.20% 2016201720182019202020212022202320242025
Gross margin (%)
75.50% 75.80% 73.60% 72.50% 71.30% 74.30% 70.50% 70.10% 70.00% 67.20% 2016201720182019202020212022202320242025
Operating margin (%)
23.10% 24.00% 23.70% 22.50% 15.70% 24.70% 17.20% 16.70% 15.20% 13.50% 2016201720182019202020212022202320242025
Return on equity (%)
19.00% 20.00% 31.90% 32.90% 54.90% 21.30% 10.00% 12.30% 10.90% 10.10% 2016201720182019202020212022202320242025
Shares outstanding
81.5M 81.8M 81.4M 80.1M 79.2M 79.7M 78.4M 76.6M 75.0M 72.6M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
13.60% 13.00% 19.50% 17.70% 36.80% 13.00% 6.10% 7.30% 6.80% 6.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
16.40% 16.50% 16.90% 24.80% 20.50% 19.50% 7.40% 15.70% 15.60% 12.20% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$2.33 $2.83 $4.92 $5.53 $22.41 $9.69 $4.61 $5.81 $5.62 $5.65 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ALIGN TECHNOLOGY INC trades at about 30.8× earnings — below its 10-year norm (10-year range 23.4×–92.6×, median 46.5×).

23.4× 92.6×

Shaded band = 10-year range (23.4×–92.6×); dot = today's 30.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin67.2%70.0%70.1%70.5%74.3%71.3%72.5%73.6%75.8%75.5%
Operating margin13.5%15.2%16.7%17.2%24.7%15.7%22.5%23.7%24.0%23.1%
Net margin10.2%10.5%11.5%9.7%19.5%71.8%18.4%20.4%15.7%17.6%
FCF margin12.2%15.6%15.7%7.4%19.5%20.5%24.8%16.9%16.5%16.4%
Return on assets6.6%6.8%7.3%6.1%13.0%36.8%17.7%19.5%13.0%13.6%
Return on equity10.1%10.9%12.3%10.0%21.3%54.9%32.9%31.9%20.0%19.0%
Current ratio1.361.221.181.261.301.401.681.882.322.69

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.