Stock · ALGN · Healthcare

Align Technology Inc

United States · Large Cap · listed since 2001 · Revenue 12 mo. $4.1B

Price as of 11/06/2026

StockScorer score
1.8
of 10 2 of 11 points Low Match To the score
Price
$166.00
1 Y +14.5%
Market cap
$11.5B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +2.6% a year (3 years)EBIT margin 15.3%Payout 78.5% of operating cash flow

Align Technology, Inc. provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

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Align Technology, Inc. provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally. The company's Clear Aligner segment offers Invisalign comprehensive package to treat adults and teens malocclusion and features, and orthodontic needs of teenage or younger patients; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients between the ages of six and ten years with a mixture of primary/baby and permanent teeth. This segment also provides Invisalign express, Invisalign lite, and Invisalign moderate; Invisalign Go, Invisalign Go express, and Invisalign Go Plus; retention products, Invisalign training, adjusting tools used by dental professionals during treatment, ancillary Invisalign accessory products, and other oral health products; Invisalign Professional Whitening system; Invisalign Palatal Expander, a 3D printed orthodontic device; and 3D printing solutions. Its Imaging Systems and CAD/CAM Services segment offers iTero intraoral scanning system, a single hardware platform for restorative or orthodontic procedures; exocad, a computer-aided design and computer-aided manufacturing software; orthodontist software for digital records storage, orthodontic diagnosis, and fabrication of printed models and retainers; and restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons. This segment also offers Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; Align Oral Health Suite, a digital interface for dental consultations; iTero TimeLapse technology for doctors or practitioners to compare a patient's historic 3D scans to the present-day scan; and subscription software, disposables, rents scanners, and pay per scan services. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

Original text from the data provider

Summary

Align Technology Inc is around the middle of the Healthcare sector overall

47.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 10.4% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €440.4M (2025), it supports €4.9B. The remaining €5.4B of the market value assume it grows 10.4% a year for 10 years and not at all afterwards.

Required FCF growth per year

10.4%

no growth afterwards

Market value breakdown€10.3B market value, price as of 11/06/2026

€4.9B without growth
€5.4B priced-in growth
  • 5 yrs achieved 3.4%
  • 10 yrs achieved 14.0%
  • priced in 10.4%

Valuation against its own history

Price to operating cash flow 15.7×, below its usual range.

Middle half of 20 quarters: 18.9× to 35.0×, median 26.5×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • High, stable gross margin median 71.9%, range 7.5 pp (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • FCF, 12 mo.$686.1M → $755.7M+10.1%better
  • Gross margin67.7% → 66.5%−1.2 ppworse
  • EBIT margin14.4% → 13.3%−1.1 ppworse
  • FCF margin16.8% → 18.3%+1.5 ppbetter

4 more unchanged: Revenue, 12 mo., Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability45.9around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity10.13%11.52%Rank 40
Return on capital (Greenblatt)31.82%32.55%Rank 49
EBIT margin15.27%18.31%Rank 41
FCF margin12.16%14.12%Rank 39
Gross margin68.33%60.99%Rank 60
Growth25.1below the middleGrows more slowly than the sector: Earnings growth, 5 years per year −24.08%, sector 7.00%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year0.90%8.04%Rank 15
Earnings growth, 3 years per year7.03%5.44%Rank 54
Earnings growth, 5 years per year−24.08%7.00%Rank 3
Sustainable growth (ROE × retained earnings)2.54%3.66%Rank 29
Valuation63.1above the middleValued lower than the sector: EV/EBIT 17.02, sector 21.73.
MetricStockSector medianPosition in sector
Earnings yield3.41%2.90%Rank 58
FCF yield4.28%3.63%Rank 57
EV/saleslower is better2.604.03Rank 66
EV/EBITlower is better17.0221.73Rank 72
Momentum28.1below the middleShare price doing worse than the sector: Share price, 6 months −1.16%, sector 24.27%.
MetricStockSector medianPosition in sector
Share price, 1 year14.52%8.66%Rank 59
Share price, 6 months−1.16%24.27%Rank 13
Share price, 3 months0.72%15.42%Rank 15
Distance from 52-week high−15.95%−7.35%Rank 25
Quality53.9around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−1.13%0.30%Rank 62
Change in share countlower is better−3.21%0.00%Rank 91
Dividend streak in years–10Rank 13
Price reaction to results, market-adjusted0.11%0.05%Rank 50
Balance sheet & risk69.1above the middleLess risk than the sector: Debt to equity 0.03, sector 0.48.
MetricStockSector medianPosition in sector
Equity ratio64.96%48.40%Rank 73
Net debt/EBITDAlower is better−1.191.11Rank 86
Debt to equitylower is better0.030.48Rank 89
Volatility, 1 yearlower is better39.07%31.42%Rank 29

Ten years in figures

Revenue from $1.1B (2016) to $4.0B (2025), 15.8% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $MSharesNet debt, $M
20161.123.1%177.181.5M−389.3
20171.524.0%242.881.8M−449.5
20182.023.7%331.481.4M−636.9
20192.422.5%597.680.1M−491.2
20202.515.7%507.379.2M−874.7
20214.024.7%771.479.7M−974.0
20223.717.2%276.878.4M−815.1
20233.916.7%608.176.6M−810.8
20244.015.2%622.775.0M−924.6
20254.015.3%490.872.6M−964.5
1.8 / 10Low MatchStockScorer score2 of 11 points

1 of 7 StockScorer Score rules met · How the score is built

Align Technology Inc mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Align Technology Inc's score is built

Align Technology Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

1 of 7 rules met

2 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Align Technology Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Defensive: Low Volatility
  • StockScorer Score
  • Magic Formula: Value + Quality
  • Growth Momentum (CAN SLIM principle)
  • Levermann Strategy (13 Criteria)
  • Trending Value: Value + Momentum
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)

Align Technology Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Align Technology Inc.

MetricStockSector
P/E ratio29.430.0
P/B ratio3.04.8
Return on equity (ROE)10.1%11.5%
Equity ratio65.0%48.4%
Debt-to-equity (D/E)0.030.48
Dividend yield0.0%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
ALGNAlign Technology Incthis page
COOThe Cooper Companies, IncLow1.8
RGENRepligen Corporationlocked
BAXBaxter International IncLow0.9
SOLVSolventum Corp.locked
WSTWest Pharmaceutical Services Inclocked

Frequently asked questions about Align Technology Inc stock

How does Align Technology Inc stock (ALGN) score in the StockScorer model?
Align Technology Inc stock reaches a StockScorer score of 1.8 out of 10, which is a low match with the rule-based strategies. 1 out of 7 flagship profile rules are met.
What is Align Technology Inc's P/E ratio?
Align Technology Inc's P/E ratio is 29.4. The Healthcare sector median is 30.0.
What sector is Align Technology Inc in?
Align Technology Inc is assigned to the Healthcare sector. Its rank within the sector is 47.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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