Align Technology, Inc.

ALGN Healthcare Medical Instruments & Supplies

Align Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 0.90% from fiscal 2024.

Revenue
+1.92%
EPS
+143.9%
Free cash flow
+8.26%

Quarter to September 2026, against a year earlier

158.87 6.03 −3.66%
Market cap
$11.3B
P/E
23.1×
Fwd P/E
20.4×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.52
Dividend safety
n/a

Align Technology, Inc. (ALGN) Gross margin

Alert me on Gross margin

Align Technology, Inc.'s gross margin over the twelve months to 30 September 2026 was 69.1%, up 1.9 percentage points from fiscal 2025 (67.2%). Over the past ten years it has ranged from 67.2% (fiscal 2025) to 75.8% (fiscal 2017) — the current reading is the lowest in ten years. That is above the Medical Instruments & Supplies industry median of 53.6% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 67.2% (2.81)
FY2024 70.0% (0.08)
FY2023 70.1% (0.44)
FY2022 70.5% (3.74)
FY2021 74.3% 2.93
FY2020 71.3% (1.13)
FY2019 72.5% (1.17)
FY2018 73.6% (2.18)
FY2017 75.8% 0.31
FY2016 75.5% (0.21)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 68.7% (2.98)
Jun 2026 71.7% 0.89
Mar 2026 70.8% 5.56
Dec 2025 65.3% 1.06
43 more quarters

Against its own ten years

Low 67.2% High 75.8%
Ten-year median 72.5%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
ALGN Align Technology, Inc. 69.1%
COO The Cooper Companies, Inc. compare 65.9%
BLCO Bausch + Lomb Corporation compare 62.6%
TFX Teleflex Incorporated compare 54.9%
RGEN Repligen Corporation compare 53.5%
ATR AptarGroup, Inc. compare 35.8%
AVTR Avantor, Inc. compare 31.6%
BAX Baxter International Inc. compare 30.1%
SOLV Solventum Corporation compare 0.00%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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