Align Technology, Inc.

ALGN

ALGNAlign Technology, Inc. US flag

NASDAQ Global Select

174.27

USD

+2.22

- -

12.48BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	480	560	660	762	845	1,080	1,473	1,966	2,407	2,472	3,953	3,735	3,862	3,999	4,035
+ Sales & Services Revenue	480	560	660	762	845	1,080	1,473	1,966	2,407	2,472	3,953	3,735	3,862	3,999	4,035
- Cost of Revenue	118	144	162	183	205	265	356	519	663	709	1,017	1,101	1,155	1,200	1,324
+ Cost of Goods & Services	118	144	162	183	205	265	356	519	663	709	1,017	1,101	1,155	1,200	1,324
Gross Profit	361	416	498	578	640	815	1,117	1,448	1,744	1,763	2,935	2,634	2,707	2,799	2,711
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	271	294	337	385	451	566	763	981	1,229	1,376	1,959	1,980	2,050	2,127	2,126
+ Selling, General & Admin	234	251	293	332	390	491	666	852	1,072	1,201	1,709	1,674	1,703	1,763	1,756
+ Research & Development	37	43	44	53	61	76	98	129	157	175	250	305	347	364	370
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	90	122	161	194	189	249	354	467	514	387	976	654	657	672	585
- Non-Operating (Income) Loss	- -	38	68	3	3	6	-11	- -	-48	8	-36	55	15	63	- -
+ Interest Expense, Net	-1	-1	- -	- -	- -	-4	-7	-9	-12	-3	-3	-5	-17	-20	-16
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	1	1	- -	- -	- -	4	7	9	12	3	3	5	17	20	16
+ Other Non-Op (Income) Loss	1	39	68	3	3	11	-4	8	-36	11	-33	60	33	83	16
Pretax Income	90	84	93	190	186	243	365	467	563	379	1,012	599	641	609	585
- Income Tax Expense (Benefit)	23	26	29	45	42	51	130	58	112	-1,397	240	237	196	188	175
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	67	59	64	146	144	190	231	400	443	1,776	772	362	445	421	410
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	67	59	64	146	144	190	231	400	443	1,776	772	362	445	421	410
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	67	59	64	146	144	190	231	400	443	1,776	772	362	445	421	410
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	67	59	64	146	144	190	231	400	443	1,776	772	362	445	421	410
EBIT	90	122	161	194	189	249	354	467	514	387	976	654	657	672	585
EBITDA	108	140	178	211	207	273	391	521	593	481	1,085	780	799	817	823
EBITDA Margin (%)	22.48	25	26.97	27.76	24.44	25.27	26.56	26.51	24.66	19.45	27.45	20.88	20.69	20.42	20.39
EBITA	90	122	161	194	189	249	354	467	514	387	976	654	657	672	585
Gross Margin (%)	75.31	74.35	75.45	75.95	75.71	75.5	75.81	73.63	72.46	71.33	74.26	70.52	70.08	70	67.19
Operating Margin (%)	18.84	21.82	24.42	25.42	22.31	23.05	24	23.73	21.38	15.66	24.7	17.51	17	16.8	14.51
Profit Margin (%)	13.91	10.48	9.74	19.15	17.03	17.57	15.71	20.35	18.4	71.84	19.53	9.68	11.52	10.54	10.17
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	17	18	17	18	18	24	38	55	79	94	109	126	142	145	237
Basic Weighted Avg Shares	78	81	81	81	80	80	80	80	79	79	79	78	76	75	73
Basic EPS, GAAP	0.86	0.73	0.8	1.81	1.8	2.38	2.89	5	5.57	22.55	9.78	4.62	5.82	5.63	5.66
Basic EPS from Cont Ops	0.86	0.73	0.8	1.81	1.8	2.38	2.89	5	5.57	22.55	9.78	4.62	5.82	5.63	5.66
Diluted Weighted Avg Shares	80	83	83	82	82	81	82	81	80	79	80	78	77	75	73
Diluted EPS, GAAP	0.83	0.71	0.78	1.77	1.77	2.33	2.83	4.92	5.53	22.41	9.69	4.61	5.81	5.62	5.65
Diluted EPS from Cont Ops	0.83	0.71	0.78	1.77	1.77	2.33	2.83	4.92	5.53	22.41	9.69	4.61	5.81	5.62	5.65

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	385	486	545	657	732	953	1,158	1,302	1,633	1,850	2,494	2,424	2,447	2,492	2,617
+ Cash, Cash Equivalents & STI	248	335	370	455	527	640	722	735	869	961	1,171	1,000	973	1,044	1,095
+ Cash & Cash Equivalents	241	306	243	200	168	389	450	637	550	961	1,099	942	937	1,044	1,095
+ ST Investments	7	28	127	255	360	251	272	98	318	- -	72	58	35	- -	- -
+ Accounts & Notes Receiv	92	99	113	130	159	247	324	482	617	658	991	1,000	1,047	1,030	1,158
+ Accounts Receivable, Net	92	99	113	130	159	247	324	439	550	658	897	860	903	996	1,102
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	25	5	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	43	41	-5	94	140	144	34	56
+ Inventories	9	15	14	16	19	27	32	56	112	139	230	339	297	254	226
+ Raw Materials	5	8	5	8	10	10	13	26	55	76	123	173	145	124	107
+ Work In Process	2	4	4	3	7	11	12	14	31	31	52	97	91	74	66
+ Finished Goods	2	4	5	5	2	7	7	16	26	31	55	69	60	56	53
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	36	37	47	57	27	38	81	29	36	92	102	86	130	165	138
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	264	271	287	331	427	443	626	750	867	2,980	3,448	3,524	3,637	3,722	3,617
+ Property, Plant & Equip, Net	54	79	76	90	136	175	349	521	688	817	1,203	1,351	1,409	1,385	1,240
+ Property, Plant & Equip	129	165	181	198	255	311	485	693	917	1,119	1,562	1,800	1,960	2,046	2,007
- Accumulated Depreciation	75	86	106	108	118	136	136	172	230	301	359	450	551	662	767
+ LT Investments & Receivables	- -	21	102	148	151	105	95	55	- -	- -	125	42	8	- -	- -
+ LT Investments	- -	21	102	148	151	105	95	55	- -	- -	125	42	8	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	210	170	110	93	139	163	182	174	179	2,163	2,120	2,131	2,220	2,338	2,377
+ Total Intangible Assets	185	145	85	82	79	82	89	82	76	575	528	503	502	546	586
+ Goodwill	135	99	62	61	61	61	65	64	64	445	419	408	420	443	492
+ Other Intangible Assets	50	46	24	21	18	21	24	18	12	130	110	96	82	103	94
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	25	25	24	11	60	81	93	92	104	1,588	1,591	1,628	1,719	1,792	1,792
Total Assets	649	756	832	988	1,159	1,396	1,784	2,052	2,501	4,830	5,942	5,948	6,084	6,215	6,234
+ Payables & Accruals	93	90	95	108	139	159	220	299	391	526	748	556	609	676	626
+ Accounts Payable	22	22	22	29	34	29	37	64	87	142	164	128	113	109	121
+ Accrued Taxes	7	6	7	7	7	9	18	6	14	30	34	74	38	49	44
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	63	62	66	72	98	121	165	229	290	354	551	353	458	518	461
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	16	22	23	27	30	31	32
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	16	22	23	27	30	31	32
+ Other ST Liabilities	55	66	80	94	132	195	280	393	564	778	1,153	1,344	1,428	1,331	1,262
+ Deferred Revenue	52	62	77	91	130	191	273	393	564	778	1,153	1,344	1,428	1,331	1,262
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	4	3	3	3	4	7	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	148	156	175	202	272	354	500	692	971	1,326	1,924	1,926	2,067	2,038	1,920
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	43	64	103	100	97	88	83
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	43	64	103	100	97	88	83
+ Other LT Liabilities	10	19	23	33	39	46	130	107	140	206	293	320	290	236	182
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	10	19	23	33	39	46	130	107	140	206	293	320	290	236	182
Total Noncurrent Liabilities	10	19	23	33	39	46	130	107	184	270	395	421	387	325	265
Total Liabilities	158	175	198	235	311	401	630	800	1,155	1,596	2,319	2,347	2,453	2,363	2,185
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	607	671	730	783	822	865	886	878	907	975	999	1,045	1,162	1,362	1,510
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	607	671	730	783	822	865	886	878	907	975	999	1,045	1,162	1,362	1,510
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-117	-90	-96	-31	27	131	267	378	440	2,216	2,619	2,567	2,447	2,484	2,464
+ Other Equity	- -	- -	- -	- -	-1	-1	1	-3	-1	44	4	-10	21	6	75
Equity Before Minority Interest	491	581	634	753	848	995	1,154	1,253	1,346	3,234	3,623	3,601	3,630	3,852	4,049
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	491	581	634	753	848	995	1,154	1,253	1,346	3,234	3,623	3,601	3,630	3,852	4,049
Total Liabilities & Equity	649	756	832	988	1,159	1,396	1,784	2,052	2,501	4,830	5,942	5,948	6,084	6,215	6,234
Shares Outstanding	79	81	81	80	80	80	80	80	78	79	79	77	75	74	71
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	59	86	125	127	127	119	114
Net Debt	-241	-306	-243	-200	-168	-389	-450	-637	-550	-961	-1,099	-942	-937	-1,044	-1,095
Net Debt to Equity	-49.04	-52.71	-38.32	-26.55	-19.78	-39.11	-38.94	-50.83	-40.89	-29.71	-30.35	-26.16	-25.82	-27.1	-27.04
Tangible Common Equity Ratio	65.83	71.37	73.46	74.04	71.22	69.5	62.85	59.42	52.39	62.49	57.16	56.9	56.05	58.32	61.32
Current Ratio	2.6	3.12	3.11	3.26	2.69	2.69	2.32	1.88	1.68	1.4	1.3	1.26	1.18	1.22	1.36
Cash Conversion Cycle	34.31	38.6	41.32	37.98	38.35	58.55	67.87	67.58	82.74	97.01	87.68	136.15	144.22	135.52	128.71

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	67	59	64	146	144	190	231	400	443	1,776	772	362	445	421	410
+ Depreciation & Amortization	17	18	17	18	18	24	38	55	79	94	109	126	142	145	237
+ Non-Cash Items	16	63	92	54	55	51	93	81	150	-1,337	138	166	206	244	301
+ Stock-Based Compensation	19	21	26	40	53	54	59	71	88	98	114	133	154	174	186
+ Deferred Income Taxes	6	18	21	25	-1	-1	18	-16	- -	-1,492	15	-39	-19	26	33
+ Asset Impairment Charge	- -	37	67	- -	- -	- -	- -	- -	28	6	- -	- -	5	-6	5
+ Other Non-Cash Adj	-9	-13	-23	-11	3	-3	17	26	33	50	8	72	66	51	77
+ Chg in Non-Cash Work Cap	30	-6	13	9	21	-17	76	19	75	130	154	-84	-8	-72	-356
+ (Inc) Dec in Accts Receiv	-24	-12	-12	-27	-41	-96	-91	-109	-121	-140	-262	22	-105	-153	-140
+ (Inc) Dec in Inventories	-4	-6	1	-2	-4	-8	-5	-24	-58	-29	-112	-130	30	25	1
+ (Inc) Dec in Prepaid Assets	-3	-4	- -	-3	-4	-9	-9	-9	-32	-21	-125	-66	-51	68	13
+ Inc (Dec) in Accts Payable	45	3	9	26	27	36	101	25	97	92	191	-152	31	69	-119
+ Inc (Dec) in Other	16	12	15	16	42	61	80	136	189	228	463	242	87	-80	-112
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	130	134	186	227	238	248	439	555	747	662	1,173	569	786	738	593
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-30	-38	-19	-24	-53	-71	-196	-223	-150	-155	-401	-292	-178	-116	-102
+ Acq of Fixed Prod Assets	-30	-38	-19	-24	-53	-71	-196	-223	-150	-155	-401	-292	-178	-116	-102
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	18	-5	-61	-80	-90	-82	-89	-283	-382	20	-349	-409	-566	-328	-444
+ Increase in Capital Stock	26	42	34	18	11	14	14	17	18	20	26	26	27	25	22
+ Decrease in Capital Stock	-8	-47	-95	-98	-102	-96	-104	-300	-400	- -	-375	-435	-592	-353	-466
+ Net Change in LT Investment	10	-42	-181	-177	-113	198	-1	204	-208	316	-154	93	58	44	- -
+ Dec in LT Investment	10	25	123	260	334	604	389	385	485	321	47	121	61	44	- -
+ Inc in LT Investment	- -	-68	-304	-437	-447	-406	-390	-180	-693	-5	-201	-28	-3	- -	- -
+ Net Cash From Acq & Div	-188	- -	-8	- -	- -	-47	-22	-5	- -	-421	-8	-12	-77	-183	-10
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-188	- -	-8	- -	- -	-47	-22	-5	- -	-421	-8	-12	-77	-183	-10
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-4	2	-2	- -	- -	-8	-33	31	7	28	- -	-2	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-212	-78	-211	-202	-166	73	-251	7	-350	-232	-563	-213	-196	-255	-112
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	-46	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	-46	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	9	15	23	14	-10	-13	-46	-86	-58	-51	-109	-93	-33	-28	-20
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	27	10	-38	-66	-101	-96	-136	-369	-486	-31	-458	-502	-598	-356	-465
Effect of Foreign Exchange Rates	- -	- -	-1	-2	-3	-3	6	-5	2	10	-12	-12	5	-21	35
Net Changes in Cash	-54	66	-63	-41	-29	225	52	192	-89	400	151	-146	-9	128	16
EBITDA	108	140	178	211	207	273	391	521	593	481	1,085	780	799	817	823
EBITDA Margin (%)	22.48	25	26.97	27.76	24.44	25.27	26.56	26.51	24.66	19.45	27.45	20.88	20.69	20.42	20.39
Free Cash Flow	100	95	167	203	185	177	243	331	598	507	771	277	608	623	491
Net Cash Paid for Acquisitions	188	- -	8	- -	- -	47	22	5	- -	421	8	12	77	183	10
Free Cash Flow to Firm	100	95	167	203	185	177	243	331	598	- -	771	277	608	623	491
Free Cash Flow to Equity	100	95	167	203	185	177	243	331	552	507	771	277	608	623	491
Free Cash Flow per Basic Share	1.28	1.19	2.07	2.51	2.31	2.22	3.03	4.14	7.52	6.44	9.78	3.54	7.96	8.32	6.77
Price/Free Cash Flow	11.84	13.39	22.98	18.33	18.42	24.61	28.67	21.9	24.92	51.82	33.27	19.22	21.77	18.31	16.29
Cash Flow to Net Income	1.96	2.28	2.89	1.56	1.65	1.31	1.9	1.39	1.69	0.37	1.52	1.57	1.77	1.75	1.45
Capital Expenditures	-30	-38	-19	-24	-53	-71	-196	-223	-150	-155	-401	-292	-178	-116	-102