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. In the quarter to June 2026, revenue grew 4.32%, EPS fell 12.2% and free cash flow grew 85.8%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

147.31 2.03 −1.36%
Market cap
$10.6B
P/E
25.6×
Fwd P/E
20.7×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.52
Dividend safety
n/a

Align Technology, Inc. (ALGN) Operating margin

Alert me on Operating margin

Align Technology, Inc.'s operating margin over the twelve months to 30 June 2026 was 13.2%, down 0.3 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from 13.5% (fiscal 2025) to 24.7% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Medical Instruments & Supplies industry median of 1.07% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.5% (1.66)
FY2024 15.2% (1.47)
FY2023 16.7% (0.55)
FY2022 17.2% (7.49)
FY2021 24.7% 9.04
FY2020 15.7% (6.88)
FY2019 22.5% (1.19)
FY2018 23.7% (0.27)
FY2017 24.0% 0.95
FY2016 23.1% 0.74

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 14.6% 0.93
Mar 2026 13.7% (1.18)
Dec 2025 14.8% 5.16
Sep 2025 9.67% (6.43)
42 more quarters

Against its own ten years

Low 13.5% High 24.7%
Ten-year median 22.3%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
SOLV Solventum Corporation compare 25.0%
ALGN Align Technology, Inc. 13.2%
COO The Cooper Companies, Inc. compare 12.8%
ATR AptarGroup, Inc. compare 12.1%
RGEN Repligen Corporation compare 8.23%
BLCO Bausch + Lomb Corporation compare 6.07%
TFX Teleflex Incorporated compare 1.97%
BAX Baxter International Inc. compare −2.39%
AVTR Avantor, Inc. compare −4.59%
Medical Instruments & Supplies industry median 1.07%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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