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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Align Technology, Inc. (ALGN) trades at a price to free cash flow of 15.6×. Over the past ten years it has ranged from 14.3× (September 2025) to 132× (October 2018); the current reading is higher than 1% of that period. That is below the Medical Instruments & Supplies industry median of 25.2× and below the Healthcare sector median of 20.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.1× (7.95%)
FY2024 25.1× (25.82%)
FY2023 33.8× (43.63%)
FY2022 60.0× (10.81%)
FY2021 67.2× (18.97%)
FY2020 83.0× 123.71%
FY2019 37.1× (26.71%)
FY2018 50.6× (31.69%)
FY2017 74.1× 69.41%
FY2016 43.7× 53.18%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 17.8× (14.92%)
Mar 2026 21.0× (9.11%)
Dec 2025 23.1× 44.30%
Sep 2025 16.0× (26.48%)
42 more quarters

Against its own ten years

Low 14.3× High 132×
Ten-year median 43.4×
Current reading's percentile 1

Price to free cash flow against peers

Company Price to free cash flow
SOLV Solventum Corporation compare n/m
ALGN Align Technology, Inc. 15.6×
BAX Baxter International Inc. compare 16.1×
COO The Cooper Companies, Inc. compare 16.5×
AVTR Avantor, Inc. compare 24.4×
ATR AptarGroup, Inc. compare 25.2×
TFX Teleflex Incorporated compare 33.7×
BLCO Bausch + Lomb Corporation compare 52.3×
RGEN Repligen Corporation compare 162×
Medical Instruments & Supplies industry median 25.2×
Healthcare sector median 20.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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