YouTube · Q2 FY2026 · 2026-06-06
ALGN · NasdaqGS
Align Technology, Inc.
Medical Instruments & Supplies · United States
- Market cap (USD)
- US$10.16B
- Trailing P/E
- 24.88x
- Forward P/E
- 11.46x
- Quarterly revenue growth
- 4.3%
- Trailing net margin
- 10.0%
- Indicated dividend yield
- —
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
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.
Company websiteQ1 2026
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Comparable businesses
ALGN peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | ALGNAlign Technology, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | COOThe Cooper Companies, Inc.Snapshot 2026-10-06Financial period: 2026-07-31 | BAXBaxter International Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$10.16B | US$10.67B | US$12.56B | US$11.62Bn=2 |
| Forward P/EProvider forward earnings estimate | 11.46x | 11.96x | 11.93x | 11.94xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 9.73x | 14.42x | 10.62x | 12.52xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 4.3% | 0.6% | 5.3% | 2.9%n=2 |
| Operating marginLatest reported quarter | 18.2% | 20.8% | 14.4% | 17.6%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 5.8% | 5.1% | 8.0% | 6.5%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -1.06x | 2.84x | 3.99x | 3.41xn=2 |
| Debt / equityTotal debt / positive book equity | 0.03x | 0.34x | 1.56x | 0.95xn=2 |
| Trailing P/ETrailing twelve-month earnings | 24.88x | 19.29x | — | — |
| Price / bookPrice / positive book equity per share | 2.41x | 1.28x | 2.02x | 1.65xn=2 |
| EV / salesEnterprise value / trailing revenue | 2.18x | 3.17x | 1.75x | 2.46xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | -12.1% | 357.1% | 36.8% | 197.0%n=2 |
| Gross marginTrailing twelve months | 70.7% | 65.9% | 34.1% | 50.0%n=2 |
| Net marginTrailing twelve months | 10.0% | 13.5% | -9.3% | 2.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 10.2% | 6.8% | -14.4% | -3.8%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 14.4% | 12.8% | 8.7% | 10.8%n=2 |
| Dividend yieldIndicated annual dividend / price | — | — | 0.2% | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 154.7% | 77.3%n=2 |
| Current ratioCurrent assets / current liabilities | 1.40x | 1.22x | 1.95x | 1.58xn=2 |
| BetaProvider historical market sensitivity | 1.67 | 0.82 | 0.65 | 0.74n=2 |
YouTube · Q2 FY2026 · 2026-06-06
YouTube · Q1 2026 · 2026-05-02
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Revenue
Reported figures
Financial data & calculation notes
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Market context
Valuation & price history
Adjusted closing price
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for ALGN
Q1 20262026-05-01
ALGN Stock: Q1 2026 Earnings Analysis
Presentation · 2026-05-01 · YouTube