Align Technology Inc Financials

ALGN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Align Technology Inc (ALGN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 59/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Align Technology Inc has an operating margin of 15.2%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is down from 16.7% the prior year.

Growth

Align Technology Inc's revenue grew a modest 3.5% year-over-year to $4.0B. This slow but positive growth earns a score of 39/100.

Leverage

Align Technology Inc carries a low D/E ratio of 0.61, meaning only $0.61 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Align Technology Inc's current ratio of 1.22 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

Align Technology Inc converts 15.6% of revenue into free cash flow ($622.7M). This strong cash generation earns a score of 78/100.

Returns

Align Technology Inc's ROE of 10.9% shows moderate profitability relative to equity, earning a score of 44/100. This is down from 12.3% the prior year.

Altman Z-Score Safe

5.02

Align Technology Inc scores 5.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.4B) relative to total liabilities ($2.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

Align Technology Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.75x

For every $1 of reported earnings, Align Technology Inc generates $1.75 in operating cash flow ($738.2M OCF vs $421.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$4.0B

YoY+3.5%

5Y CAGR+10.7%

10Y CAGR+18.0%

Align Technology Inc generated $4.0B in revenue in fiscal year 2024. This represents an increase of 3.5% from the prior year.

EBITDA

$752.7M

YoY-4.2%

5Y CAGR+3.9%

10Y CAGR+13.5%

Align Technology Inc's EBITDA was $752.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 4.2% from the prior year.

Free Cash Flow

$622.7M

YoY+2.4%

5Y CAGR+0.8%

10Y CAGR+11.9%

Align Technology Inc generated $622.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.4% from the prior year.

Net Income

$421.4M

YoY-5.3%

5Y CAGR-1.0%

10Y CAGR+11.2%

Align Technology Inc reported $421.4M in net income in fiscal year 2024. This represents a decrease of 5.3% from the prior year.

EPS (Diluted)

$5.62

YoY-3.3%

5Y CAGR+0.3%

10Y CAGR+12.2%

Align Technology Inc earned $5.62 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 3.3% from the prior year.

Cash & Debt

$1.0B

YoY+11.4%

5Y CAGR+13.7%

10Y CAGR+18.0%

Align Technology Inc held $1.0B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

74M

YoY-1.6%

5Y CAGR-1.2%

10Y CAGR-0.8%

Align Technology Inc had 74M shares outstanding in fiscal year 2024. This represents a decrease of 1.6% from the prior year.

Gross Margin

70.0%

YoY-0.1pp

5Y CAGR-2.5pp

10Y CAGR-5.9pp

Align Technology Inc's gross margin was 70.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

15.2%

YoY-1.5pp

5Y CAGR-7.3pp

10Y CAGR-10.2pp

Align Technology Inc's operating margin was 15.2% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

10.5%

YoY-1.0pp

5Y CAGR-7.9pp

10Y CAGR-8.6pp

Align Technology Inc's net profit margin was 10.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.0 percentage points from the prior year.

Return on Equity

10.9%

YoY-1.3pp

5Y CAGR-22.0pp

10Y CAGR-8.4pp

Align Technology Inc's ROE was 10.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.3 percentage points from the prior year.

R&D Spending

$364.2M

YoY+5.0%

5Y CAGR+18.3%

10Y CAGR+21.3%

Align Technology Inc invested $364.2M in research and development in fiscal year 2024. This represents an increase of 5.0% from the prior year.

Share Buybacks

$352.9M

YoY-40.4%

5Y CAGR-2.5%

10Y CAGR+13.6%

Align Technology Inc spent $352.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 40.4% from the prior year.

Capital Expenditures

$115.6M

YoY-35.0%

5Y CAGR-5.0%

10Y CAGR+17.0%

Align Technology Inc invested $115.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 35.0% from the prior year.

ALGN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.0B+3.5%	$3.9B+3.4%	$3.7B-5.5%	$4.0B+59.9%	$2.5B+2.7%	$2.4B
Cost of Revenue	$1.2B+3.8%	$1.2B+5.0%	$1.1B+8.2%	$1.0B+43.5%	$708.7M+6.9%	$662.9M
Gross Profit	$2.8B+3.4%	$2.7B+2.8%	$2.6B-10.3%	$2.9B+66.5%	$1.8B+1.1%	$1.7B
R&D Expenses	$364.2M+5.0%	$346.8M+13.6%	$305.3M+21.9%	$250.3M+42.8%	$175.3M+11.4%	$157.4M
SG&A Expenses	$1.8B+3.5%	$1.7B+1.7%	$1.7B-2.0%	$1.7B+42.3%	$1.2B+12.0%	$1.1B
Operating Income	$607.6M-5.6%	$643.3M+0.1%	$642.6M-34.2%	$976.4M+152.2%	$387.2M-28.6%	$542.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$187.6M-4.4%	$196.2M-17.4%	$237.5M-1.2%	$240.4M+117.2%	-$1.4B-1343.4%	$112.3M
Net Income	$421.4M-5.3%	$445.1M+23.1%	$361.6M-53.2%	$772.0M-56.5%	$1.8B+301.1%	$442.8M
EPS (Diluted)	$5.62-3.3%	$5.81+26.0%	$4.61-52.4%	$9.69-56.8%	$22.41+305.2%	$5.53

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$995.7M-1.7%	$1.0B+3.4%	$979.3M-1.6%	$995.2M-3.2%	$1.0B+3.1%	$997.4M+4.3%	$956.7M-0.4%	$960.2M
Cost of Revenue	$356.5M+17.1%	$304.3M+1.7%	$299.2M+0.3%	$298.3M-2.5%	$305.9M+2.1%	$299.6M+4.3%	$287.2M-3.3%	$297.1M
Gross Profit	$639.2M-9.7%	$708.1M+4.1%	$680.1M-2.4%	$696.9M-3.6%	$722.6M+3.6%	$697.8M+4.2%	$669.5M+1.0%	$663.1M
R&D Expenses	$93.3M-3.2%	$96.4M-0.8%	$97.2M+2.4%	$94.9M+2.9%	$92.2M+0.4%	$91.9M+11.8%	$82.2M-7.4%	$88.7M
SG&A Expenses	$417.8M-6.9%	$448.7M+0.2%	$447.6M+5.3%	$425.0M-6.0%	$452.3M+0.1%	$451.8M+12.3%	$402.5M-1.3%	$408.0M
Operating Income	$96.3M-40.9%	$163.0M+24.4%	$131.1M-9.1%	$144.1M-2.0%	$147.0M-4.6%	$154.1M-10.1%	$171.5M+3.1%	$166.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$38.0M-22.3%	$48.9M+3.6%	$47.2M+27.7%	$37.0M-21.8%	$47.3M-11.3%	$53.4M+9.2%	$48.9M+20.1%	$40.7M
Net Income	$56.8M-54.5%	$124.6M+33.7%	$93.2M-10.2%	$103.8M+7.5%	$96.6M-8.1%	$105.0M-15.3%	$124.0M+2.1%	$121.4M
EPS (Diluted)	$0.78-54.7%	$1.72+35.4%	$1.27-9.3%	$1.40+9.4%	$1.28-7.9%	$1.39-14.7%	$1.63+3.2%	$1.58

ALGN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.2B+2.1%	$6.1B+2.3%	$5.9B+0.1%	$5.9B+23.0%	$4.8B+93.1%	$2.5B
Current Assets	$2.5B+1.9%	$2.4B+0.9%	$2.4B-2.8%	$2.5B+34.8%	$1.8B+13.2%	$1.6B
Cash & Equivalents	$1.0B+11.4%	$937.4M-0.5%	$942.0M-14.3%	$1.1B+14.4%	$960.8M+74.6%	$550.4M
Inventory	$254.3M-14.4%	$296.9M-12.4%	$338.8M+47.1%	$230.2M+65.4%	$139.2M+24.3%	$112.1M
Accounts Receivable	$995.7M+10.2%	$903.4M+5.1%	$859.7M-4.2%	$897.2M+36.4%	$657.7M+19.5%	$550.3M
Goodwill	$442.6M+5.5%	$419.5M+2.9%	$407.6M-2.6%	$418.5M-5.9%	$444.8M+595.9%	$63.9M
Total Liabilities	$2.4B-3.7%	$2.5B+4.6%	$2.3B+1.2%	$2.3B+45.3%	$1.6B+38.2%	$1.2B
Current Liabilities	$2.0B-1.4%	$2.1B+7.3%	$1.9B+0.1%	$1.9B+45.1%	$1.3B+36.5%	$971.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.9B+6.1%	$3.6B+0.8%	$3.6B-0.6%	$3.6B+12.0%	$3.2B+140.2%	$1.3B
Retained Earnings	$2.5B+1.5%	$2.4B-4.7%	$2.6B-2.0%	$2.6B+18.2%	$2.2B+403.7%	$439.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$6.2B+0.2%	$6.2B+1.9%	$6.1B-1.8%	$6.2B+0.9%	$6.2B0.0%	$6.2B+1.2%	$6.1B-3.7%	$6.3B
Current Assets	$2.5B+3.5%	$2.4B+1.9%	$2.4B-3.6%	$2.5B+3.3%	$2.4B-2.7%	$2.5B+1.3%	$2.4B-9.4%	$2.7B
Cash & Equivalents	$1.0B+11.5%	$901.2M+3.2%	$873.0M-16.4%	$1.0B+37.1%	$761.4M-12.1%	$865.8M-7.6%	$937.4M-24.3%	$1.2B
Inventory	$228.2M-6.4%	$243.8M-1.1%	$246.6M-3.0%	$254.3M-2.0%	$259.5M-7.3%	$280.1M-5.7%	$296.9M+0.2%	$296.2M
Accounts Receivable	$1.1B-1.5%	$1.1B+5.1%	$1.1B+6.7%	$995.7M-2.4%	$1.0B+7.3%	$950.7M+5.2%	$903.4M-0.1%	$904.2M
Goodwill	$491.5M+0.1%	$491.1M+7.3%	$457.6M+3.4%	$442.6M-2.6%	$454.5M-0.8%	$458.2M+9.2%	$419.5M+3.8%	$404.3M
Total Liabilities	$2.3B-1.3%	$2.3B-0.1%	$2.3B-2.3%	$2.4B-1.6%	$2.4B+0.2%	$2.4B-2.3%	$2.5B-2.5%	$2.5B
Current Liabilities	$2.0B-1.5%	$2.0B+0.2%	$2.0B-2.3%	$2.0B-0.1%	$2.0B+0.8%	$2.0B-2.1%	$2.1B-2.7%	$2.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.0B+1.1%	$3.9B+3.1%	$3.8B-1.5%	$3.9B+2.5%	$3.8B-0.1%	$3.8B+3.6%	$3.6B-4.5%	$3.8B
Retained Earnings	$2.4B-0.3%	$2.4B+1.5%	$2.4B-3.8%	$2.5B+1.1%	$2.5B-1.8%	$2.5B+2.3%	$2.4B-6.1%	$2.6B

ALGN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$738.2M-6.1%	$785.8M+38.2%	$568.7M-51.5%	$1.2B+77.1%	$662.2M-11.4%	$747.3M
Capital Expenditures	$115.6M-35.0%	$177.7M-39.1%	$291.9M-27.2%	$401.1M+158.9%	$154.9M+3.5%	$149.7M
Free Cash Flow	$622.7M+2.4%	$608.1M+119.6%	$276.8M-64.1%	$771.4M+52.1%	$507.3M-15.1%	$597.6M
Investing Cash Flow	-$254.9M-30.1%	-$195.9M+8.1%	-$213.3M+62.1%	-$563.4M-143.4%	-$231.5M+33.9%	-$350.4M
Financing Cash Flow	-$355.7M+40.5%	-$598.3M-19.3%	-$501.7M-9.5%	-$458.3M-1387.7%	-$30.8M+93.7%	-$485.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$352.9M-40.4%	$592.4M+36.2%	$435.0M+16.0%	$375.0M	$0-100.0%	$400.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$188.7M+46.7%	$128.7M+144.2%	$52.7M-81.6%	$286.1M+79.0%	$159.8M+457.6%	$28.7M-38.9%	$46.9M-83.7%	$287.2M
Capital Expenditures	$19.8M-8.0%	$21.5M-15.1%	$25.3M+10.1%	$23.0M-57.0%	$53.5M+470.5%	$9.4M-72.0%	$33.4M+54.4%	$21.6M
Free Cash Flow	$169.0M+57.7%	$107.2M+291.3%	$27.4M-89.6%	$263.1M+147.3%	$106.4M+451.3%	$19.3M+43.1%	$13.5M-94.9%	$265.6M
Investing Cash Flow	-$19.8M+37.2%	-$31.5M-24.5%	-$25.3M+53.1%	-$53.9M+52.1%	-$112.5M-41.4%	-$79.6M-497.3%	-$13.3M-209.5%	-$4.3M
Financing Cash Flow	-$64.1M+33.4%	-$96.3M+53.4%	-$206.8M-1.8%	-$203.0M-34.0%	-$151.6M-1193.6%	-$11.7M+96.7%	-$350.3M-3060.2%	$11.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$71.6M-25.5%	$96.0M-52.2%	$201.1M-0.9%	$202.9M+35.2%	$150.0M	$0-100.0%	$300.0M	$0

ALGN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	70.0%-0.1pp	70.1%-0.4pp	70.5%-3.7pp	74.3%+2.9pp	71.3%-1.1pp	72.5%
Operating Margin	15.2%-1.5pp	16.7%-0.6pp	17.2%-7.5pp	24.7%+9.0pp	15.7%-6.9pp	22.5%
Net Margin	10.5%-1.0pp	11.5%+1.8pp	9.7%-9.8pp	19.5%-52.3pp	71.8%+53.4pp	18.4%
Return on Equity	10.9%-1.3pp	12.3%+2.2pp	10.0%-11.3pp	21.3%-33.6pp	54.9%+22.0pp	32.9%
Return on Assets	6.8%-0.5pp	7.3%+1.2pp	6.1%-6.9pp	13.0%-23.8pp	36.8%+19.1pp	17.7%
Current Ratio	1.22+0.0	1.18-0.1	1.26-0.0	1.30-0.1	1.40-0.3	1.68
Debt-to-Equity	0.61-0.1	0.68+0.0	0.65+0.0	0.64+0.1	0.49-0.4	0.86
FCF Margin	15.6%-0.2pp	15.7%+8.3pp	7.4%-12.1pp	19.5%-1.0pp	20.5%-4.3pp	24.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	64.2%-5.7pp	69.9%+0.5pp	69.5%-0.6pp	70.0%-0.2pp	70.3%+0.3pp	70.0%-0.0pp	70.0%+0.9pp	69.1%
Operating Margin	9.7%-6.4pp	16.1%+2.7pp	13.4%-1.1pp	14.5%+0.2pp	14.3%-1.2pp	15.4%-2.5pp	17.9%+0.6pp	17.3%
Net Margin	5.7%-6.6pp	12.3%+2.8pp	9.5%-0.9pp	10.4%+1.0pp	9.4%-1.1pp	10.5%-2.4pp	13.0%+0.3pp	12.7%
Return on Equity	1.4%-1.8pp	3.2%+0.7pp	2.5%-0.2pp	2.7%+0.1pp	2.6%-0.2pp	2.8%-0.6pp	3.4%+0.2pp	3.2%
Return on Assets	0.9%-1.1pp	2.0%+0.5pp	1.5%-0.1pp	1.7%+0.1pp	1.6%-0.1pp	1.7%-0.3pp	2.0%+0.1pp	1.9%
Current Ratio	1.29+0.1	1.23+0.0	1.21-0.0	1.22+0.0	1.18-0.0	1.23+0.0	1.18-0.1	1.27
Debt-to-Equity	0.58-0.0	0.59-0.0	0.610.0	0.61-0.0	0.640.0	0.64-0.0	0.68+0.0	0.66
FCF Margin	17.0%+6.4pp	10.6%+7.8pp	2.8%-23.6pp	26.4%+16.1pp	10.3%+8.4pp	1.9%+0.5pp	1.4%-26.3pp	27.7%

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Frequently Asked Questions

What is Align Technology Inc's annual revenue?

Align Technology Inc (ALGN) reported $4.0B in total revenue for fiscal year 2024. This represents a 3.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Align Technology Inc's revenue growing?

Align Technology Inc (ALGN) revenue grew by 3.5% year-over-year, from $3.9B to $4.0B in fiscal year 2024.

Is Align Technology Inc profitable?

Yes, Align Technology Inc (ALGN) reported a net income of $421.4M in fiscal year 2024, with a net profit margin of 10.5%.

What is Align Technology Inc's earnings per share (EPS)?

Align Technology Inc (ALGN) reported diluted earnings per share of $5.62 for fiscal year 2024. This represents a -3.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Align Technology Inc's EBITDA?

Align Technology Inc (ALGN) had EBITDA of $752.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Align Technology Inc's gross margin?

Align Technology Inc (ALGN) had a gross margin of 70.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Align Technology Inc's operating margin?

Align Technology Inc (ALGN) had an operating margin of 15.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Align Technology Inc's net profit margin?

Align Technology Inc (ALGN) had a net profit margin of 10.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Align Technology Inc's return on equity (ROE)?

Align Technology Inc (ALGN) has a return on equity of 10.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Align Technology Inc's free cash flow?

Align Technology Inc (ALGN) generated $622.7M in free cash flow during fiscal year 2024. This represents a 2.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Align Technology Inc's operating cash flow?

Align Technology Inc (ALGN) generated $738.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Align Technology Inc's total assets?

Align Technology Inc (ALGN) had $6.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Align Technology Inc's capital expenditures?

Align Technology Inc (ALGN) invested $115.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Align Technology Inc spend on research and development?

Align Technology Inc (ALGN) invested $364.2M in research and development during fiscal year 2024.

Does Align Technology Inc buy back shares?

Yes, Align Technology Inc (ALGN) spent $352.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Align Technology Inc have outstanding?

Align Technology Inc (ALGN) had 74M shares outstanding as of fiscal year 2024.

What is Align Technology Inc's current ratio?

Align Technology Inc (ALGN) had a current ratio of 1.22 as of fiscal year 2024, which is considered adequate.

What is Align Technology Inc's debt-to-equity ratio?

Align Technology Inc (ALGN) had a debt-to-equity ratio of 0.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Align Technology Inc's return on assets (ROA)?

Align Technology Inc (ALGN) had a return on assets of 6.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Align Technology Inc's Altman Z-Score?

Align Technology Inc (ALGN) has an Altman Z-Score of 5.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Align Technology Inc's Piotroski F-Score?

Align Technology Inc (ALGN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Align Technology Inc's earnings high quality?

Align Technology Inc (ALGN) has an earnings quality ratio of 1.75x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Align Technology Inc?

Align Technology Inc (ALGN) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.