Align Technology

Align Technology

Health Care Equipment & Supplies
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients’ teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans, and iTero scans make up over half of these scans.

$11B

Market Cap • 10/23/2026

1997

(29 years)

Founded

2001

(25 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

2,6

P/S

2,7

P/EBITDA

13,7

P/OCF

14,5

P/FCF

17,3

P/E

26,9

BVPS

59,6

EPS

5,8

Market Cap

Market Cap

11B

EV

10B

EV/Revenue

2,4

EV/EBITDA

12,4

EV/EBIT

18,2

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

2,3%

Total Yield

2,3%

Payout

0%

Retained Earnings

2,6B

Profitability

Gross Margin

68%

EBITDA Margin

19,4%

EBIT Margin

13,2%

Net Margin

10%

D&A/EBITDA

0%

R&D/Revenue

9,1%

Capex/Revenue

3%

Capex/D&A

48%

Capex/OCF

16,2%

SBC/OCF

23,7%

% PPE

19,2%

% Goodwill

7,7%

ROE

10,2%

ROIC

10,6%

Growth

CAGR Revenue 5Y

3,6%

CAGR Op. Income 5Y

-9,1%

CAGR Net Income 5Y

-9,9%

CAGR EPS 5Y

-8,1%

CAGR OCF 5Y

-7,8%

Leverage

N.D./EBITDA

—

Debt/Equity

0%

Current Ratio

1,4

Quick Ratio

1,2

Interest Coverage

—

Premium

Unlock 100% of the data and have immediate access on more than 6.000 companies with updated information!
  • Unrestricted access
  • Unlimited data history
  • Analysis videos
  • Quarterly highlights
  • Customizable financials table
  • Ranking
  • Discussions

...and much more!

Get Premium