Align Technology (ALGN) Financials

$180.11 +1.56 (+0.87%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$181.12 +1.01 (+0.56%)

As of 09:12 AM Eastern

Annual Income Statements for Align Technology

This table shows Align Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	421	445	362	772	1,776	443	400	231	190	144
Consolidated Net Income / (Loss)	421	445	362	772	1,776	443	400	231	190	144
Net Income / (Loss) Continuing Operations	421	445	362	772	1,776	443	400	231	191	144
Total Pre-Tax Income	609	641	599	1,012	379	563	467	365	243	186
Total Operating Income	608	643	643	976	387	542	467	354	249	189
Total Gross Profit	2,799	2,707	2,634	2,935	1,763	1,744	1,448	1,117	815	640
Total Revenue	3,999	3,862	3,735	3,953	2,472	2,407	1,966	1,473	1,080	845
Operating Revenue	3,999	3,862	3,735	3,953	2,472	2,407	1,966	1,473	1,080	845
Total Cost of Revenue	1,200	1,155	1,101	1,017	709	663	519	356	265	205
Operating Cost of Revenue	1,200	1,155	1,101	1,017	709	663	519	356	265	205
Total Operating Expenses	2,192	2,064	1,991	1,959	1,376	1,201	981	763	566	451
Selling, General & Admin Expense	1,763	1,703	1,674	1,709	1,201	1,072	852	-	-	-
Research & Development Expense	364	347	305	250	175	157	129	98	76	61
Restructuring Charge	33	13	11	-	-	-	-	-	-	-
Other Special Charges / (Income)	31	0.00	0.00	-	-	-51	0.00	0.00	-	-
Total Other Income / (Expense), net	1.33	-2.13	-44	36	-8.22	20	0.09	11	-8.04	-2.53
Interest & Investment Income	20	17	5.37	3.10	3.13	12	8.58	6.95	2.53	0.00
Other Income / (Expense), net	-19	-19	-49	33	-11	7.68	-8.49	4.24	-11	-2.53
Income Tax Expense	188	196	237	240	-1,397	112	58	130	51	42
Basic Earnings per Share	$5.63	$5.82	$4.62	$9.78	$22.55	$5.57	$5.00	$2.89	$2.38	$1.80
Weighted Average Basic Shares Outstanding	74.88M	76.43M	78.19M	78.92M	78.76M	79.42M	80.06M	80.09M	79.86M	80.00M
Diluted Earnings per Share	$5.62	$5.81	$4.61	$9.69	$22.41	$5.53	$4.92	$2.83	$2.33	$1.77
Weighted Average Diluted Shares Outstanding	74.99M	76.57M	78.42M	79.67M	79.23M	80.10M	81.36M	81.83M	81.48M	81.52M
Weighted Average Basic & Diluted Shares Outstanding	73.60M	75.10M	76.61M	78.80M	79.13M	78.75M	80M	80.10M	79.70M	80M

This table shows Align Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	93	104	116	97	105	124	121	112	88	42	73
Consolidated Net Income / (Loss)	93	104	116	97	105	124	121	112	88	42	73
Net Income / (Loss) Continuing Operations	93	104	116	97	105	124	121	112	88	42	73
Total Pre-Tax Income	140	141	166	144	158	173	162	172	135	115	123
Total Operating Income	131	144	162	147	154	172	166	172	134	113	144
Total Gross Profit	680	697	682	723	698	670	663	714	661	618	619
Total Revenue	979	995	978	1,028	997	957	960	1,002	943	902	890
Operating Revenue	979	995	978	1,028	997	957	960	1,002	943	902	890
Total Cost of Revenue	299	298	296	306	300	287	297	289	282	284	271
Operating Cost of Revenue	299	298	296	306	300	287	297	289	282	284	271
Total Operating Expenses	549	553	519	576	544	498	497	542	527	505	476
Selling, General & Admin Expense	448	425	434	452	452	403	408	453	440	410	399
Research & Development Expense	97	95	85	92	92	82	89	88	87	84	77
Other Special Charges / (Income)	4.18	-	0.07	31	-	-	0.00	0.00	-	-	-
Total Other Income / (Expense), net	9.34	-3.37	3.63	-3.18	4.25	1.34	-4.24	-0.34	1.11	2.66	-21
Interest & Investment Income	5.32	8.52	4.00	3.30	4.39	4.98	5.52	4.42	2.34	2.76	1.69
Other Income / (Expense), net	4.03	-12	-0.37	-6.48	-0.14	-3.64	-9.76	-4.76	-1.23	-0.10	-23
Income Tax Expense	47	37	50	47	53	49	41	60	47	74	50
Basic Earnings per Share	$1.27	$1.40	$1.55	$1.28	$1.40	$1.63	$1.59	$1.46	$1.14	$0.54	$0.93
Weighted Average Basic Shares Outstanding	73.56M	74.88M	74.74M	75.18M	75.18M	76.43M	76.57M	76.52M	76.92M	78.19M	78.09M
Diluted Earnings per Share	$1.27	$1.40	$1.55	$1.28	$1.39	$1.63	$1.58	$1.46	$1.14	$0.54	$0.93
Weighted Average Diluted Shares Outstanding	73.62M	74.99M	74.76M	75.22M	75.32M	76.57M	76.83M	76.69M	77.11M	78.42M	78.24M
Weighted Average Basic & Diluted Shares Outstanding	72.48M	73.60M	74.65M	74.70M	75.28M	75.10M	76.59M	76.53M	76.52M	76.61M	78.11M

This table details how cash moves in and out of Align Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	106	-3.84	-158	139	410	-86	192	57	222	-32
Net Cash From Operating Activities	738	786	569	1,173	662	747	555	439	248	238
Net Cash From Continuing Operating Activities	744	786	569	1,173	662	747	555	439	248	238
Net Income / (Loss) Continuing Operations	421	445	362	772	1,776	443	400	231	190	144
Consolidated Net Income / (Loss)	421	445	362	772	1,776	443	400	231	190	144
Depreciation Expense	145	142	126	109	94	79	55	38	24	18
Amortization Expense	38	-	-	-	22	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	212	225	205	122	-1,359	150	97	76	67	67
Changes in Operating Assets and Liabilities, net	-72	-27	-124	170	130	76	3.01	93	-33	9.40
Net Cash From Investing Activities	-255	-196	-213	-563	-232	-350	6.93	-251	73	-166
Net Cash From Continuing Investing Activities	-255	-196	-213	-563	-232	-350	6.93	-251	73	-166
Purchase of Property, Plant & Equipment	-116	-178	-292	-401	-155	-150	-223	-196	-71	-53
Acquisitions	-77	0.00	-12	-8.00	-421	0.00	0.00	-22	-47	0.00
Purchase of Investments	-106	-80	-28	-201	-5.34	-693	-185	-390	-406	-447
Sale and/or Maturity of Investments	44	61	121	8.21	348	507	385	389	604	334
Other Investing Activities, net	0.24	0.28	-2.21	38	1.16	-15	31	-33	-8.03	0.05
Net Cash From Financing Activities	-356	-598	-502	-458	-31	-486	-369	-136	-96	-101
Net Cash From Continuing Financing Activities	-356	-598	-502	-458	-31	-486	-369	-136	-96	-101
Repurchase of Common Equity	-353	-602	-475	-375	0.00	-400	-300	-104	-96	-102
Issuance of Common Equity	25	27	26	26	20	18	17	14	14	11
Other Financing Activities, net	-28	-23	-53	-109	-51	-103	-86	-46	-13	-10
Effect of Exchange Rate Changes	-21	4.67	-12	-12	10	2.28	-	5.54	-3.37	-3.01

This table details how cash moves in and out of Align Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-171	1.98	281	-104	-72	-301	287	120	-110	-102	167
Net Cash From Operating Activities	53	286	264	160	29	47	287	252	200	145	266
Net Cash From Continuing Operating Activities	53	292	264	160	29	47	287	252	200	145	266
Net Income / (Loss) Continuing Operations	93	104	116	97	105	124	121	112	88	42	73
Consolidated Net Income / (Loss)	93	104	116	97	105	124	121	112	88	42	73
Depreciation Expense	39	38	38	36	33	34	37	36	36	34	32
Amortization Expense	9.46	9.84	9.56	9.43	9.61	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	82	52	62	43	54	54	58	56	57	58	51
Changes in Operating Assets and Liabilities, net	-171	88	39	-26	-173	-165	71	48	19	12	111
Net Cash From Investing Activities	-25	-54	-8.92	-112	-80	-13	-4.31	-125	-53	-56	-85
Net Cash From Continuing Investing Activities	-25	-54	-8.92	-112	-80	-13	-4.31	-125	-53	-56	-85
Purchase of Property, Plant & Equipment	-25	-23	-30	-53	-9.37	-33	-22	-59	-64	-53	-75
Acquisitions	0.00	75	-	-75	-77	77	-2.00	-75	0.00	-	-12
Sale and/or Maturity of Investments	0.00	-	21	16	6.87	20	19	7.99	14	5.00	2.18
Other Investing Activities, net	0.00	-	0.11	0.14	-0.01	0.15	0.05	0.07	0.01	-0.07	0.05
Net Cash From Financing Activities	-207	-203	11	-152	-12	-350	12	-0.93	-259	-200	11
Net Cash From Continuing Financing Activities	-207	-203	11	-152	-12	-350	12	-0.93	-259	-200	11
Repurchase of Common Equity	-201	-203	-	-150	0.00	-350	-	-	-252	-200	-
Issuance of Common Equity	14	-	11	-	14	-	12	-	14	-	11
Other Financing Activities, net	-20	-0.15	-0.37	-1.55	-26	-0.28	-0.51	-0.93	-21	-0.19	-0.42
Effect of Exchange Rate Changes	8.48	-27	15	-0.19	-9.00	16	-7.68	-5.74	2.22	8.91	-25

This table presents Align Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	6,215	6,084	5,948	5,942	4,830	2,501	2,052	1,784	1,396	1,159
Total Current Assets	2,492	2,447	2,424	2,494	1,850	1,633	1,302	1,158	953	732
Cash & Equivalents	1,044	937	942	1,099	961	550	637	450	389	168
Short-Term Investments	0.00	35	58	72	0.00	318	98	272	251	360
Accounts Receivable	996	903	860	897	658	550	439	324	247	159
Inventories, net	254	297	339	230	139	112	56	32	27	19
Prepaid Expenses	199	274	226	195	92	102	72	81	38	27
Plant, Property, & Equipment, net	1,271	1,291	1,232	1,082	735	632	521	349	175	136
Total Noncurrent Assets	2,451	2,346	2,292	2,366	2,245	236	229	277	268	290
Long-Term Investments	0.00	8.02	42	125	0.00	-	55	95	105	151
Goodwill	443	420	408	419	445	64	82	89	82	79
Intangible Assets	103	82	96	110	130	12	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	1,557	1,590	1,572	1,534	1,553	64	65	49	68	51
Other Noncurrent Operating Assets	348	247	175	179	118	96	27	44	13	8.20
Total Liabilities & Shareholders' Equity	6,215	6,084	5,948	5,942	4,830	2,501	2,052	1,784	1,396	1,159
Total Liabilities	2,363	2,453	2,347	2,319	1,596	1,155	800	630	401	311
Total Current Liabilities	2,038	2,067	1,926	1,924	1,326	971	692	500	354	272
Accounts Payable	109	113	128	164	142	87	64	37	29	34
Accrued Expenses	598	526	454	607	406	320	235	196	134	108
Current Deferred Revenue	1,331	1,428	1,344	1,153	778	564	393	268	191	130
Total Noncurrent Liabilities	325	387	421	395	270	184	107	130	46	39
Noncurrent Deferred Revenue	96	117	124	118	106	103	-	-	-	-
Other Noncurrent Operating Liabilities	228	270	296	277	164	81	107	130	46	39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,852	3,630	3,601	3,623	3,234	1,346	1,253	1,154	995	848
Total Preferred & Common Equity	3,852	3,630	3,601	3,623	3,234	1,346	1,253	1,154	995	848
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,852	3,630	3,601	3,623	3,234	1,346	1,253	1,154	995	848
Common Stock	1,362	1,162	1,045	999	975	907	878	886	865	822
Retained Earnings	2,484	2,447	2,567	2,619	2,216	440	378	267	131	27
Accumulated Other Comprehensive Income / (Loss)	5.98	21	-10	4.33	44	-0.69	-2.77	0.57	-0.94	-0.98

This table presents Align Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	6,103	6,215	6,366	6,158	6,156	6,084	6,319	6,145	5,901	5,948	5,913
Total Current Assets	2,402	2,492	2,597	2,412	2,479	2,447	2,702	2,465	2,332	2,424	2,501
Cash & Equivalents	873	1,044	1,042	761	866	937	1,239	952	832	942	1,045
Accounts Receivable	1,062	996	1,011	1,020	951	903	904	908	884	860	860
Inventories, net	247	254	254	259	280	297	296	313	312	339	321
Prepaid Expenses	220	199	291	351	350	274	218	237	252	226	229
Plant, Property, & Equipment, net	1,265	1,271	1,290	1,278	1,282	1,291	1,268	1,279	1,263	1,232	1,200
Total Noncurrent Assets	2,436	2,451	2,478	2,468	2,395	2,346	2,348	2,400	2,307	2,292	2,212
Goodwill	458	443	472	454	458	420	404	415	414	408	378
Intangible Assets	103	103	116	116	121	82	83	89	93	96	92
Noncurrent Deferred & Refundable Income Taxes	1,523	1,557	1,570	1,578	1,571	1,590	1,592	1,606	1,590	1,572	1,525
Other Noncurrent Operating Assets	352	348	321	320	241	247	251	264	172	175	168
Total Liabilities & Shareholders' Equity	6,103	6,215	6,366	6,158	6,156	6,084	6,319	6,145	5,901	5,948	5,913
Total Liabilities	2,309	2,363	2,422	2,400	2,396	2,453	2,517	2,506	2,421	2,347	2,218
Total Current Liabilities	1,991	2,038	2,064	2,040	2,023	2,067	2,123	2,107	2,005	1,926	1,809
Accounts Payable	125	109	109	106	117	113	100	110	131	128	139
Accrued Expenses	546	598	575	555	497	526	614	600	497	454	384
Current Deferred Revenue	1,319	1,331	1,380	1,379	1,409	1,428	1,409	1,397	1,377	1,344	1,287
Total Noncurrent Liabilities	318	325	358	360	373	387	394	399	417	421	409
Noncurrent Deferred Revenue	100	96	112	104	121	117	116	113	127	124	127
Other Noncurrent Operating Liabilities	218	228	246	257	252	270	277	286	290	296	282
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,794	3,852	3,944	3,758	3,760	3,630	3,802	3,638	3,480	3,601	3,695
Total Preferred & Common Equity	3,794	3,852	3,944	3,758	3,760	3,630	3,802	3,638	3,480	3,601	3,695
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,794	3,852	3,944	3,758	3,760	3,630	3,802	3,638	3,480	3,601	3,695
Common Stock	1,387	1,362	1,336	1,276	1,239	1,162	1,193	1,142	1,105	1,045	1,061
Retained Earnings	2,389	2,484	2,573	2,457	2,503	2,447	2,607	2,485	2,374	2,567	2,675
Accumulated Other Comprehensive Income / (Loss)	18	5.98	36	25	18	21	2.05	11	1.84	-10	-41

This table displays calculated financial ratios and metrics derived from Align Technology's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.54%	3.42%	-5.51%	59.90%	2.71%	22.39%	33.47%	36.44%	27.72%	11.01%
EBITDA Growth	0.77%	6.51%	-35.65%	127.32%	-21.83%	22.69%	29.63%	50.78%	28.54%	-1.98%
EBIT Growth	-5.64%	5.10%	-41.18%	168.56%	-31.69%	20.10%	28.01%	50.13%	28.08%	-2.24%
NOPAT Growth	-5.84%	15.13%	-47.91%	-58.96%	317.90%	6.19%	79.76%	15.82%	34.52%	-1.56%
Net Income Growth	-5.32%	23.09%	-53.17%	-56.53%	301.08%	10.63%	72.95%	22.00%	31.71%	-1.24%
EPS Growth	-3.27%	26.03%	-52.43%	-56.76%	305.24%	12.40%	73.85%	21.46%	31.64%	0.00%
Operating Cash Flow Growth	-6.05%	38.16%	-51.50%	77.07%	-11.39%	34.72%	26.48%	77.08%	4.06%	4.89%
Free Cash Flow Firm Growth	-26.51%	131.40%	-77.71%	3,551.27%	-95.48%	47.30%	103.91%	20.97%	-9.13%	-20.70%
Invested Capital Growth	5.98%	3.51%	10.05%	2.33%	375.98%	3.25%	36.76%	35.12%	47.87%	12.67%
Revenue Q/Q Growth	0.97%	1.45%	-3.35%	5.23%	8.08%	5.05%	6.08%	9.52%	6.19%	3.89%
EBITDA Q/Q Growth	0.94%	7.79%	-12.49%	4.24%	18.31%	6.50%	3.13%	16.79%	-0.25%	5.34%
EBIT Q/Q Growth	-5.71%	9.73%	-15.24%	4.19%	15.59%	6.41%	2.24%	17.41%	-1.25%	5.60%
NOPAT Q/Q Growth	-3.88%	22.90%	-28.83%	4.58%	2.80%	4.69%	28.90%	-16.98%	3.22%	5.65%
Net Income Q/Q Growth	-4.58%	22.67%	-29.21%	4.32%	2.17%	5.70%	27.83%	-13.90%	-0.66%	6.93%
EPS Q/Q Growth	-3.93%	23.09%	-28.64%	4.64%	1.96%	6.14%	28.46%	-13.98%	-0.85%	7.27%
Operating Cash Flow Q/Q Growth	47.93%	-11.07%	-18.39%	-8.47%	32.72%	-3.00%	16.60%	22.77%	0.66%	3.37%
Free Cash Flow Firm Q/Q Growth	650.59%	-14.48%	-42.98%	-18.73%	114.59%	-0.98%	61.10%	4.87%	6.56%	-2.99%
Invested Capital Q/Q Growth	-3.25%	5.99%	0.24%	2.07%	-5.99%	-8.72%	-13.02%	-13.54%	0.01%	0.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.00%	70.09%	70.52%	74.26%	71.33%	72.46%	73.63%	75.81%	75.50%	75.71%
EBITDA Margin	19.31%	19.84%	19.27%	28.29%	19.90%	26.14%	26.08%	26.85%	24.30%	24.14%
Operating Margin	15.19%	16.66%	17.21%	24.70%	15.66%	22.54%	23.73%	24.00%	23.05%	22.31%
EBIT Margin	14.72%	16.15%	15.90%	25.54%	15.20%	22.86%	23.29%	24.29%	22.07%	22.01%
Profit (Net Income) Margin	10.54%	11.52%	9.68%	19.53%	71.84%	18.40%	20.35%	15.71%	17.57%	17.03%
Tax Burden Percent	69.19%	69.41%	60.36%	76.25%	468.64%	78.69%	85.77%	63.44%	78.20%	77.39%
Interest Burden Percent	103.43%	102.77%	100.90%	100.31%	100.83%	102.27%	101.87%	101.94%	101.77%	100.00%
Effective Tax Rate	30.81%	30.59%	39.64%	23.75%	-368.64%	19.97%	12.37%	35.68%	21.11%	22.61%
Return on Invested Capital (ROIC)	15.41%	17.14%	15.88%	32.38%	131.93%	92.37%	102.12%	77.30%	93.61%	91.39%
ROIC Less NNEP Spread (ROIC-NNEP)	15.32%	17.29%	18.12%	29.94%	136.14%	91.33%	103.20%	76.79%	94.56%	91.69%
Return on Net Nonoperating Assets (RNNOA)	-4.14%	-4.83%	-5.87%	-9.86%	-54.38%	-58.30%	-68.87%	-55.77%	-73.03%	-73.39%
Return on Equity (ROE)	11.26%	12.31%	10.01%	22.52%	77.55%	34.07%	33.25%	21.53%	20.58%	17.99%
Cash Return on Invested Capital (CROIC)	9.60%	13.69%	6.31%	30.07%	1.38%	89.17%	71.07%	47.42%	54.99%	79.47%
Operating Return on Assets (OROA)	9.57%	10.37%	9.99%	18.74%	10.25%	24.17%	23.88%	22.51%	18.66%	17.34%
Return on Assets (ROA)	6.85%	7.40%	6.08%	14.33%	48.45%	19.45%	20.86%	14.55%	14.85%	13.42%
Return on Common Equity (ROCE)	11.26%	12.31%	10.01%	22.52%	77.55%	34.07%	33.25%	21.53%	20.58%	17.99%
Return on Equity Simple (ROE_SIMPLE)	10.94%	12.26%	10.04%	21.31%	54.92%	32.89%	31.94%	20.05%	19.06%	16.99%
Net Operating Profit after Tax (NOPAT)	420	447	388	745	1,814	434	409	227	196	146
NOPAT Margin	10.51%	11.56%	10.39%	18.84%	73.40%	18.04%	20.79%	15.44%	18.19%	17.27%
Net Nonoperating Expense Percent (NNEP)	0.09%	-0.15%	-2.25%	2.43%	-4.21%	1.04%	-1.07%	0.51%	-0.94%	-0.31%
Return On Investment Capital (ROIC_SIMPLE)	10.91%	12.30%	10.77%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	30.00%	29.92%	29.48%	25.74%	28.67%	27.54%	26.37%	24.19%	24.50%	24.29%
SG&A Expenses to Revenue	44.09%	44.10%	44.84%	43.23%	48.58%	44.54%	43.35%	0.00%	0.00%	0.00%
R&D to Revenue	9.11%	8.98%	8.17%	6.33%	7.09%	6.54%	6.55%	6.62%	7.01%	7.24%
Operating Expenses to Revenue	54.80%	53.43%	53.32%	49.56%	55.67%	49.92%	49.90%	51.81%	52.45%	53.40%
Earnings before Interest and Taxes (EBIT)	589	624	594	1,009	376	550	458	358	238	186
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	772	766	719	1,118	492	629	513	396	262	204
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.04	5.78	4.57	14.30	13.03	16.34	13.37	15.43	7.70	6.17
Price to Tangible Book Value (P/TBV)	4.71	6.71	5.32	16.75	15.85	17.31	14.31	16.72	8.39	6.81
Price to Revenue (P/Rev)	3.89	5.43	4.41	13.11	17.05	9.14	8.52	12.09	7.09	6.19
Price to Earnings (P/E)	36.94	47.15	45.56	67.12	23.73	49.67	41.85	76.98	40.39	36.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.71%	2.12%	2.19%	1.49%	4.21%	2.01%	2.39%	1.30%	2.48%	2.75%
Enterprise Value to Invested Capital (EV/IC)	5.17	7.55	6.03	21.72	18.11	44.23	34.51	50.26	27.63	26.92
Enterprise Value to Revenue (EV/Rev)	3.63	5.18	4.13	12.78	16.66	8.78	8.12	11.54	6.40	5.39
Enterprise Value to EBITDA (EV/EBITDA)	18.81	26.10	21.45	45.19	83.72	33.57	31.12	42.97	26.36	22.32
Enterprise Value to EBIT (EV/EBIT)	24.67	32.06	25.99	50.06	109.56	38.39	34.84	47.50	29.01	24.48
Enterprise Value to NOPAT (EV/NOPAT)	34.54	44.80	39.79	67.86	22.69	48.65	39.04	74.74	35.21	31.21
Enterprise Value to Operating Cash Flow (EV/OCF)	19.67	25.46	27.13	43.09	62.18	28.27	28.77	38.76	27.92	19.14
Enterprise Value to Free Cash Flow (EV/FCFF)	55.41	56.10	100.14	73.06	2,174.08	50.40	56.09	121.82	59.95	35.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.27	-0.28	-0.32	-0.33	-0.40	-0.64	-0.67	-0.73	-0.77	-0.80
Leverage Ratio	1.64	1.66	1.65	1.57	1.60	1.75	1.59	1.48	1.39	1.34
Compound Leverage Factor	1.70	1.71	1.66	1.58	1.61	1.79	1.62	1.51	1.41	1.34
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.56	6.74	5.87	15.36	17.38	13.68	14.88	19.11	13.45	11.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.18	1.26	1.30	1.40	1.68	1.88	2.32	2.69	2.69
Quick Ratio	1.00	0.91	0.97	1.08	1.22	1.46	1.70	2.09	2.51	2.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	262	357	154	692	19	419	285	140	115	127
Operating Cash Flow to CapEx	638.72%	442.15%	194.84%	292.33%	427.44%	499.16%	248.39%	224.09%	350.90%	445.26%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.64	0.63	0.73	0.67	1.06	1.03	0.93	0.85	0.79
Accounts Receivable Turnover	4.21	4.38	4.25	5.08	4.09	4.87	5.15	5.16	5.32	5.87
Inventory Turnover	4.35	3.64	3.87	5.51	5.64	7.91	11.88	12.12	11.36	11.61
Fixed Asset Turnover	3.12	3.06	3.23	4.35	3.62	4.17	4.52	5.62	6.93	7.46
Accounts Payable Turnover	10.82	9.59	7.55	6.65	6.18	8.75	10.27	10.91	8.41	7.13
Days Sales Outstanding (DSO)	86.67	83.31	85.85	71.79	89.18	75.02	70.83	70.80	68.61	62.23
Days Inventory Outstanding (DIO)	83.84	100.40	94.33	66.29	64.71	46.17	30.73	30.11	32.14	31.45
Days Payable Outstanding (DPO)	33.74	38.07	48.37	54.90	59.07	41.71	35.55	33.47	43.42	51.19
Cash Conversion Cycle (CCC)	136.77	145.65	131.81	83.18	94.83	79.47	66.01	67.45	57.33	42.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,808	2,650	2,560	2,326	2,273	478	463	338	250	169
Invested Capital Turnover	1.47	1.48	1.53	1.72	1.80	5.12	4.91	5.01	5.15	5.29
Increase / (Decrease) in Invested Capital	158	90	234	53	1,795	15	124	88	81	19
Enterprise Value (EV)	14,522	20,005	15,432	50,524	41,175	21,123	15,961	16,999	6,915	4,556
Market Capitalization	15,566	20,985	16,474	51,821	42,136	21,992	16,751	17,815	7,661	5,234
Book Value per Share	$51.60	$47.40	$46.10	$45.94	$41.01	$17.08	$15.66	$14.40	$12.49	$10.67
Tangible Book Value per Share	$44.28	$40.85	$39.66	$39.24	$33.72	$16.12	$14.64	$13.29	$11.46	$9.67
Total Capital	3,852	3,630	3,601	3,623	3,234	1,346	1,253	1,154	995	848
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,044	-981	-1,042	-1,297	-961	-869	-790	-816	-745	-679
Capital Expenditures (CapEx)	116	178	292	401	155	150	223	196	71	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-589	-593	-501	-601	-437	-206	-125	-63	-42	-67
Debt-free Net Working Capital (DFNWC)	454	380	499	570	524	662	610	658	599	460
Net Working Capital (NWC)	454	380	499	570	524	662	610	658	599	460
Net Nonoperating Expense (NNE)	-0.92	1.48	26	-27	39	-8.60	8.62	-3.98	6.70	1.96
Net Nonoperating Obligations (NNO)	-1,044	-981	-1,042	-1,297	-961	-869	-790	-816	-745	-679
Total Depreciation and Amortization (D&A)	183	142	126	109	116	79	55	38	24	18
Debt-free, Cash-free Net Working Capital to Revenue	-14.74%	-15.35%	-13.42%	-15.21%	-17.67%	-8.57%	-6.35%	-4.29%	-3.85%	-7.92%
Debt-free Net Working Capital to Revenue	11.36%	9.84%	13.35%	14.42%	21.20%	27.52%	31.04%	44.68%	55.44%	54.45%
Net Working Capital to Revenue	11.36%	9.84%	13.35%	14.42%	21.20%	27.52%	31.04%	44.68%	55.44%	54.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.63	$5.82	$4.62	$9.78	$22.55	$5.57	$5.00	$2.89	$2.38	$1.80
Adjusted Weighted Average Basic Shares Outstanding	74.88M	76.43M	78.19M	78.92M	78.76M	79.42M	80.06M	80.09M	79.86M	80.00M
Adjusted Diluted Earnings per Share	$5.62	$5.81	$4.61	$9.69	$22.41	$5.53	$4.92	$2.83	$2.33	$1.77
Adjusted Weighted Average Diluted Shares Outstanding	74.99M	76.57M	78.42M	79.67M	79.23M	80.10M	81.36M	81.83M	81.48M	81.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	73.60M	75.10M	76.61M	78.80M	79.13M	78.75M	79.99M	80.14M	80.28M	79.63M
Normalized Net Operating Profit after Tax (NOPAT)	465	456	395	745	271	412	409	227	196	146
Normalized NOPAT Margin	11.62%	11.80%	10.57%	18.84%	10.96%	17.11%	20.79%	15.44%	18.19%	17.27%
Pre Tax Income Margin	15.23%	16.60%	16.04%	25.61%	15.33%	23.38%	23.73%	24.76%	22.46%	22.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	83.75%	135.35%	131.38%	48.58%	0.00%	90.34%	74.96%	44.85%	50.73%	70.68%

This table displays calculated financial ratios and metrics derived from Align Technology's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.82%	4.02%	1.84%	2.63%	5.76%	6.12%	7.85%	3.36%	-3.09%	-12.57%	-12.36%
EBITDA Growth	-6.52%	-10.62%	8.09%	-8.29%	16.92%	37.86%	26.43%	-0.32%	-22.33%	-41.24%	-47.05%
EBIT Growth	-12.25%	-21.23%	3.41%	-15.91%	16.41%	49.17%	29.46%	-3.57%	-29.19%	-48.68%	-53.76%
NOPAT Growth	-14.85%	-13.62%	-8.97%	-11.91%	17.38%	201.52%	46.32%	-8.38%	-38.63%	-78.71%	-52.79%
Net Income Growth	-11.23%	-16.29%	-4.50%	-13.64%	19.62%	196.86%	67.02%	-0.87%	-34.62%	-78.12%	-59.83%
EPS Growth	-8.63%	-14.11%	-1.90%	-12.33%	21.93%	201.85%	69.89%	1.39%	-32.94%	-77.41%	-59.21%
Operating Cash Flow Growth	83.77%	510.00%	-8.20%	-36.52%	-85.66%	-67.59%	7.78%	98.18%	555.44%	-46.96%	-24.94%
Free Cash Flow Firm Growth	111.77%	-257.21%	-262.15%	-310.63%	-362.95%	117.17%	194.08%	164.20%	152.43%	-239.11%	-159.33%
Invested Capital Growth	2.24%	5.98%	16.10%	14.26%	11.67%	3.51%	-2.10%	-0.66%	0.49%	10.05%	12.05%
Revenue Q/Q Growth	-1.60%	1.77%	-4.92%	3.11%	4.25%	-0.36%	-4.19%	6.26%	4.62%	1.25%	-8.17%
EBITDA Q/Q Growth	1.95%	-13.89%	12.42%	-5.29%	-2.52%	4.14%	-4.62%	20.75%	14.94%	-4.50%	-24.80%
EBIT Q/Q Growth	2.17%	-18.32%	15.20%	-8.72%	-8.28%	7.22%	-6.33%	26.37%	17.52%	-6.94%	-30.23%
NOPAT Q/Q Growth	-18.12%	-6.29%	14.92%	-3.43%	-16.94%	-1.24%	11.21%	28.67%	113.36%	-52.08%	-30.36%
Net Income Q/Q Growth	-10.19%	-10.48%	20.09%	-8.06%	-15.31%	2.13%	8.60%	27.35%	110.17%	-42.54%	-35.55%
EPS Q/Q Growth	-9.29%	-9.68%	21.09%	-7.91%	-14.72%	3.16%	8.22%	28.07%	111.11%	-41.94%	-35.42%
Operating Cash Flow Q/Q Growth	-81.59%	8.50%	64.97%	457.59%	-38.88%	-83.67%	14.07%	25.95%	38.14%	-45.70%	109.75%
Free Cash Flow Firm Q/Q Growth	144.42%	81.98%	-6.05%	-38.73%	-693.11%	-81.42%	37.76%	73.19%	138.73%	-1.81%	5.98%
Invested Capital Q/Q Growth	4.03%	-3.25%	-2.47%	4.15%	7.84%	5.99%	-4.02%	1.79%	-0.05%	0.24%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.45%	70.03%	69.72%	70.26%	69.96%	69.98%	69.06%	71.21%	70.05%	68.52%	69.54%
EBITDA Margin	18.76%	18.11%	21.40%	18.10%	19.71%	21.08%	20.16%	20.25%	17.82%	16.22%	17.20%
Operating Margin	13.39%	14.48%	16.60%	14.30%	15.45%	17.93%	17.32%	17.16%	14.16%	12.50%	16.13%
EBIT Margin	13.80%	13.29%	16.56%	13.67%	15.44%	17.55%	16.31%	16.68%	14.03%	12.49%	13.59%
Profit (Net Income) Margin	9.52%	10.43%	11.86%	9.39%	10.53%	12.96%	12.65%	11.16%	9.31%	4.63%	8.17%
Tax Burden Percent	66.38%	73.74%	69.89%	67.12%	66.31%	71.73%	74.90%	65.16%	65.22%	36.23%	59.28%
Interest Burden Percent	103.93%	106.44%	102.47%	102.35%	102.85%	102.96%	103.53%	102.64%	101.77%	102.45%	101.39%
Effective Tax Rate	33.62%	26.26%	30.11%	32.88%	33.69%	28.27%	25.10%	34.84%	34.78%	63.78%	40.72%
Return on Invested Capital (ROIC)	12.24%	15.65%	17.01%	13.56%	14.82%	19.07%	19.55%	15.99%	13.40%	6.92%	15.30%
ROIC Less NNEP Spread (ROIC-NNEP)	11.55%	15.90%	16.79%	13.80%	14.51%	18.98%	19.81%	16.01%	13.33%	6.84%	16.34%
Return on Net Nonoperating Assets (RNNOA)	-2.71%	-4.30%	-5.08%	-3.39%	-3.66%	-5.31%	-6.46%	-4.45%	-3.81%	-2.21%	-5.39%
Return on Equity (ROE)	9.53%	11.35%	11.93%	10.17%	11.16%	13.77%	13.10%	11.54%	9.59%	4.71%	9.90%
Cash Return on Invested Capital (CROIC)	11.81%	9.60%	1.29%	2.76%	6.02%	13.69%	16.50%	13.07%	12.58%	6.31%	11.19%
Operating Return on Assets (OROA)	8.96%	8.64%	10.34%	8.76%	10.03%	11.27%	10.15%	10.43%	8.77%	7.84%	9.08%
Return on Assets (ROA)	6.18%	6.78%	7.41%	6.02%	6.84%	8.32%	7.87%	6.98%	5.82%	2.91%	5.46%
Return on Common Equity (ROCE)	9.53%	11.35%	11.93%	10.17%	11.16%	13.77%	13.10%	11.54%	9.59%	4.71%	9.90%
Return on Equity Simple (ROE_SIMPLE)	10.79%	0.00%	11.20%	11.90%	12.30%	0.00%	9.54%	8.63%	9.05%	0.00%	13.82%
Net Operating Profit after Tax (NOPAT)	87	106	113	99	102	123	125	112	87	41	85
NOPAT Margin	8.89%	10.68%	11.60%	9.60%	10.25%	12.86%	12.98%	11.18%	9.23%	4.53%	9.56%
Net Nonoperating Expense Percent (NNEP)	0.70%	-0.25%	0.22%	-0.24%	0.31%	0.09%	-0.26%	-0.02%	0.07%	0.08%	-1.05%
Return On Investment Capital (ROIC_SIMPLE)	2.29%	2.76%	-	-	-	3.39%	-	-	-	1.13%	-
Cost of Revenue to Revenue	30.55%	29.97%	30.28%	29.74%	30.04%	30.02%	30.95%	28.79%	29.95%	31.48%	30.46%
SG&A Expenses to Revenue	45.71%	42.70%	44.40%	43.97%	45.30%	42.07%	42.49%	45.22%	46.62%	45.49%	44.76%
R&D to Revenue	9.93%	9.53%	8.72%	8.96%	9.21%	8.59%	9.24%	8.83%	9.27%	9.26%	8.64%
Operating Expenses to Revenue	56.06%	55.54%	53.12%	55.96%	54.51%	52.05%	51.73%	54.05%	55.89%	56.02%	53.41%
Earnings before Interest and Taxes (EBIT)	135	132	162	141	154	168	157	167	132	113	121
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	184	180	209	186	197	202	194	203	168	146	153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.08	4.04	4.82	4.84	6.68	5.78	6.15	7.44	7.36	4.57	4.38
Price to Tangible Book Value (P/TBV)	3.62	4.71	5.66	5.70	7.90	6.71	7.05	8.63	8.61	5.32	5.02
Price to Revenue (P/Rev)	2.94	3.89	4.80	4.61	6.41	5.43	6.14	7.24	6.91	4.41	4.19
Price to Earnings (P/E)	28.55	36.94	43.02	40.66	54.33	47.15	64.41	86.15	81.25	45.56	31.67
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.50%	2.71%	2.32%	2.46%	1.84%	2.12%	1.55%	1.16%	1.23%	2.19%	3.16%
Enterprise Value to Invested Capital (EV/IC)	3.70	5.17	6.19	5.84	8.47	7.55	8.83	9.99	9.64	6.03	5.89
Enterprise Value to Revenue (EV/Rev)	2.72	3.63	4.53	4.41	6.18	5.18	5.80	6.96	6.66	4.13	3.89
Enterprise Value to EBITDA (EV/EBITDA)	14.25	18.81	23.47	22.92	30.84	26.10	31.04	38.82	36.77	21.45	18.29
Enterprise Value to EBIT (EV/EBIT)	18.98	24.67	28.76	28.10	37.50	32.06	38.81	48.83	45.77	25.99	21.47
Enterprise Value to NOPAT (EV/NOPAT)	26.71	34.54	41.05	38.80	52.46	44.80	60.73	80.27	74.01	39.79	27.59
Enterprise Value to Operating Cash Flow (EV/OCF)	14.19	19.67	35.98	33.28	39.40	25.46	24.97	30.16	33.43	27.13	21.58
Enterprise Value to Free Cash Flow (EV/FCFF)	31.71	55.41	514.25	225.78	148.64	56.10	52.92	76.18	76.86	100.14	55.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.24	-0.27	-0.30	-0.25	-0.25	-0.28	-0.33	-0.28	-0.29	-0.32	-0.33
Leverage Ratio	1.62	1.64	1.64	1.66	1.67	1.66	1.63	1.65	1.66	1.65	1.60
Compound Leverage Factor	1.69	1.75	1.68	1.70	1.71	1.71	1.69	1.70	1.69	1.69	1.63
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.39	5.31	6.08	5.89	7.67	6.50	6.94	7.81	7.67	5.61	5.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.22	1.26	1.18	1.23	1.18	1.27	1.17	1.16	1.26	1.38
Quick Ratio	0.97	1.00	0.99	0.88	0.91	0.91	1.03	0.91	0.88	0.97	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	23	-52	-289	-273	-196	33	178	129	75	-193	-190
Operating Cash Flow to CapEx	208.30%	1,245.93%	884.77%	299.02%	305.95%	140.35%	1,327.32%	430.06%	311.76%	271.99%	353.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.65	0.62	0.64	0.65	0.64	0.62	0.63	0.63	0.63	0.67
Accounts Receivable Turnover	3.96	4.21	4.14	4.09	4.27	4.38	4.32	4.06	4.04	4.25	4.51
Inventory Turnover	4.55	4.35	4.32	4.16	3.96	3.64	3.73	3.62	3.81	3.87	4.18
Fixed Asset Turnover	3.13	3.12	3.10	3.08	3.08	3.06	3.08	3.04	3.08	3.23	3.51
Accounts Payable Turnover	9.89	10.82	11.39	11.02	9.46	9.59	9.66	8.81	7.06	7.55	7.03
Days Sales Outstanding (DSO)	92.27	86.67	88.23	89.26	85.51	83.31	84.55	89.87	90.41	85.85	80.98
Days Inventory Outstanding (DIO)	80.13	83.84	84.48	87.77	92.14	100.40	97.76	100.93	95.78	94.33	87.32
Days Payable Outstanding (DPO)	36.92	33.74	32.04	33.12	38.57	38.07	37.80	41.45	51.69	48.37	51.90
Cash Conversion Cycle (CCC)	135.49	136.77	140.67	143.91	139.08	145.65	144.51	149.35	134.51	131.81	116.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,921	2,808	2,902	2,976	2,857	2,650	2,500	2,605	2,559	2,560	2,554
Invested Capital Turnover	1.38	1.47	1.47	1.41	1.45	1.48	1.51	1.43	1.45	1.53	1.60
Increase / (Decrease) in Invested Capital	64	158	402	371	299	90	-54	-17	12	234	275
Enterprise Value (EV)	10,819	14,522	17,955	17,393	24,213	20,005	22,065	26,026	24,677	15,432	15,036
Market Capitalization	11,692	15,566	18,997	18,175	25,115	20,985	23,367	27,059	25,599	16,474	16,177
Book Value per Share	$51.55	$51.60	$52.80	$49.92	$50.01	$47.40	$49.68	$47.55	$45.43	$46.10	$47.30
Tangible Book Value per Share	$43.94	$44.28	$44.94	$42.34	$42.30	$40.85	$43.31	$40.96	$38.80	$39.66	$41.29
Total Capital	3,794	3,852	3,944	3,758	3,760	3,630	3,802	3,638	3,480	3,601	3,695
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-873	-1,044	-1,042	-782	-903	-981	-1,302	-1,034	-921	-1,042	-1,141
Capital Expenditures (CapEx)	25	23	30	53	9.37	33	22	59	64	53	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-462	-589	-508	-410	-443	-593	-705	-649	-557	-501	-400
Debt-free Net Working Capital (DFNWC)	411	454	534	372	456	380	579	358	327	499	691
Net Working Capital (NWC)	411	454	534	372	456	380	579	358	327	499	691
Net Nonoperating Expense (NNE)	-6.20	2.49	-2.54	2.13	-2.82	-0.96	3.17	0.22	-0.72	-0.96	12
Net Nonoperating Obligations (NNO)	-873	-1,044	-1,042	-782	-903	-981	-1,302	-1,034	-921	-1,042	-1,141
Total Depreciation and Amortization (D&A)	49	48	47	46	43	34	37	36	36	34	32
Debt-free, Cash-free Net Working Capital to Revenue	-11.60%	-14.74%	-12.83%	-10.39%	-11.30%	-15.35%	-18.52%	-17.38%	-15.03%	-13.42%	-10.34%
Debt-free Net Working Capital to Revenue	10.33%	11.36%	13.48%	9.44%	11.65%	9.84%	15.20%	9.59%	8.83%	13.35%	17.89%
Net Working Capital to Revenue	10.33%	11.36%	13.48%	9.44%	11.65%	9.84%	15.20%	9.59%	8.83%	13.35%	17.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.27	$1.40	$1.55	$1.28	$1.40	$1.63	$1.59	$1.46	$1.14	$0.54	$0.93
Adjusted Weighted Average Basic Shares Outstanding	73.56M	74.88M	74.74M	75.18M	75.18M	76.43M	76.57M	76.52M	76.92M	78.19M	78.09M
Adjusted Diluted Earnings per Share	$1.27	$1.40	$1.55	$1.28	$1.39	$1.63	$1.58	$1.46	$1.14	$0.54	$0.93
Adjusted Weighted Average Diluted Shares Outstanding	73.62M	74.99M	74.76M	75.22M	75.32M	76.57M	76.83M	76.69M	77.11M	78.42M	78.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	72.48M	73.60M	74.65M	74.70M	75.28M	75.10M	76.59M	76.53M	76.52M	76.61M	78.11M
Normalized Net Operating Profit after Tax (NOPAT)	90	106	113	120	102	123	125	112	87	79	85
Normalized NOPAT Margin	9.17%	10.68%	11.60%	11.63%	10.25%	12.86%	12.98%	11.18%	9.23%	8.75%	9.56%
Pre Tax Income Margin	14.34%	14.15%	16.97%	13.99%	15.88%	18.07%	16.88%	17.12%	14.27%	12.79%	13.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	135.26%	83.75%	113.24%	111.85%	75.71%	135.35%	124.68%	144.02%	207.05%	131.38%	73.43%

Frequently Asked Questions About Align Technology's Financials

When does Align Technology's fiscal year end?

According to the most recent income statement we have on file, Align Technology's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Align Technology's net income changed over the last 9 years?

Align Technology's net income appears to be on an upward trend, with a most recent value of $421.36 million in 2024, rising from $144.02 million in 2015. The previous period was $445.05 million in 2023. View Align Technology's forecast to see where analysts expect Align Technology to go next.

What is Align Technology's operating income?

Align Technology's total operating income in 2024 was $607.63 million, based on the following breakdown:

Total Gross Profit: $2.80 billion
Total Operating Expenses: $2.19 billion

How has Align Technology revenue changed over the last 9 years?

Over the last 9 years, Align Technology's total revenue changed from $845.49 million in 2015 to $4.00 billion in 2024, a change of 373.0%.

How much debt does Align Technology have?

Align Technology's total liabilities were at $2.36 billion at the end of 2024, a 3.7% decrease from 2023, and a 660.4% increase since 2015.

How much cash does Align Technology have?

In the past 9 years, Align Technology's cash and equivalents has ranged from $167.71 million in 2015 to $1.10 billion in 2021, and is currently $1.04 billion as of their latest financial filing in 2024.

How has Align Technology's book value per share changed over the last 9 years?

Over the last 9 years, Align Technology's book value per share changed from 10.67 in 2015 to 51.60 in 2024, a change of 383.7%.

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This page (NASDAQ:ALGN) was last updated on 5/29/2025 by MarketBeat.com Staff

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Align Technology (ALGN) Financials

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