Align Technology, Inc.

Align Technology, Inc.

153.74
USD
+2.35
(+1.55%)
5.76EPS
29.12P/E
11.96BMarket Cap
Oct 28Next Earn

Total Valuation

USD

As of June 30, 2026, Align Technology, Inc. carries a market capitalization of 11.96B, placing it among publicly traded companies globally. Its enterprise value stands at 10.98B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap11.96B
Enterprise Value10.98B

Important Dates

Align Technology, Inc.'s next confirmed earnings release is scheduled for October 28, 2026.

Earnings Date10/28/2026

Share Statistics

As of June 30, 2026, Align Technology, Inc. has 71.25M shares outstanding.

Shares Outstanding71.25M

Valuation Ratios

As of June 30, 2026, Align Technology, Inc. trades at a trailing price-to-earnings ratio of 29.12. The price-to-sales ratio is 2.91, and the price-to-book ratio stands at 2.83.

PE Ratio29.12
PS Ratio2.91
PB Ratio2.83
P/TBV Ratio3.29
P/FCF Ratio19.03
P/OCF Ratio15.94

Enterprise Valuation

As of June 30, 2026, Align Technology, Inc. trades at an EV/EBITDA multiple of 13.69 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 2.65 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 20.05 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Align Technology, Inc. trades at an EV/FCF ratio of 17.33, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 10.98B versus a market cap of 11.96B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales2.65
EV / EBITDA13.69
EV / EBIT20.05
EV / FCF17.33

Financial Position

As of June 30, 2026, Align Technology, Inc. maintains a current ratio of 1.40, meaning it holds 1.4x the short-term assets needed to cover near-term liabilities.

Current Ratio1.40
Quick Ratio1.20
Debt / Equity2.86
Debt / EBITDA0.15

Financial Efficiency

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Over the twelve months ended June 30, 2026, Align Technology, Inc. posted a return on equity (ROE) of 10.16, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 9.43 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 6.55, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 9.86, useful for judging operating efficiency across full business cycles. The company generates approximately 202,384.99 in revenue per employee across its workforce of 20,453.75, a quick read on workforce productivity versus industry peers. Inventory turnover of 5.80 indicates how many times Align Technology, Inc. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Return on Equity (ROE)10.16
Return on Assets (ROA)6.55
Return on Invested Capital (ROIC)9.43
Return on Capital Employed (ROCE)9.86
Revenue Per Employee202,384.99
Employee Count20,453.75
Inventory Turnover5.80

Taxes

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Over the twelve months ended June 30, 2026, Align Technology, Inc. recorded 155.33M in income tax expense. That works out to an effective tax rate of 27.30, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 568.91M, leaving 413.58M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax155.33M
Effective Tax Rate27.30

Stock Price Statistics

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As of the close on October 22, 2026, Align Technology, Inc.'s stock has gained approximately 12.20% over the past 52 weeks. The 50-day moving average sits at 152.72, while the 200-day moving average is 168.98.

52-Week Price Change12.20%
50-Day Moving Average152.72
200-Day Moving Average168.98

Income Statement

USD

Over the twelve months ended June 30, 2026, Align Technology, Inc. generated 4.14B in revenue and converted that into 413.58M in net income, yielding earnings per share of 5.76. EBITDA reached 801.98M, while operating income came in at 652.31M.

Revenue4.14B
Gross Profit2.82B
Operating Income652.31M
Pretax Income568.91M
Net Income413.58M
EBITDA801.98M
EBIT547.59M
Earnings Per Share (EPS)5.76

Balance Sheet

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As of June 30, 2026, Align Technology, Inc. holds 1.10B in cash and equivalents against 120.84M in total debt, resulting in a net debt position of -1.10B. Total book value stands at 4.23B, with working capital of 754.45M providing operational flexibility.

Cash & Cash Equivalents1.10B
Total Debt120.84M
Net Debt-1.10B
Equity (Book Value)4.23B
Book Value Per Share59.41
Working Capital754.45M

Cash Flow

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Align Technology, Inc. produced 755.70M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -122.13M in capital expenditures, free cash flow totaled 633.57M - equivalent to 8.83 per share.

Operating Cash Flow755.70M
Capital Expenditures-122.13M
Free Cash Flow633.57M
FCF Per Share8.83

Margins

Over the twelve months ended June 30, 2026, Align Technology, Inc. posted a gross margin of 68.05, reflecting its pricing power and cost economics. The operating margin of 15.76 and net profit margin of 9.99 provide insight into operational efficiency.

Gross Margin68.05
Operating Margin15.76
Pretax Margin13.74
Profit Margin9.99
EBITDA Margin19.37

Dividends & Yields

These figures cover the twelve months ended June 30, 2026. Free cash flow yield stands at 5.25, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 2.32, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Align Technology, Inc. shareholders.

Shareholder Yield2.32
FCF Yield5.25

Scores

As of June 30, 2026, Align Technology, Inc. has an Altman Z-Score of 5.14, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score5.14