Company Analysis

Align Technology, Inc. (ALGN)

Nasdaq: ALGN · Orthopedic, Prosthetic & Surgical Appliances & Supplies · Tempe, AZ · filing with the SEC since 2000
Grade6.8
◀ Past 7.8● Present 7.5▶ Future 4.8

The grade of Align Technology, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.8/10
◀ Past7.830% of the headline
● Present7.540% of the headline
▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 78th percentile among 29 sector filers · read for itself

From the record

Align Technology, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+15.8% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 74th percentile among 25 sector filers · read for its customers

From the record

Align Technology, Inc.'s 10 filed years say what it did: revenue went from $1.1 billion in fiscal 2016 to $4.0 billion in fiscal 2025, up 15.8% a year; it rose in 8 of 9 years; the deepest fall was 6% from fiscal 2021 to fiscal 2022; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span15.8%top 26% of its family
  • the share of years revenue rosetop 28% of its family
  • the share of filed years with a profittop 18% of its family
  • the deepest fall from a revenue peak5.5%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.7/10

How has it treated the people who own it?

Share count shrank 2.5% a year. 67% of cash flow returned. Insiders: 1 sales, 0 purchases.

weight 22% of this tense · 87th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Align Technology, Inc.'s diluted share count shrank about 2.5% a year, and dividends and buybacks returned about 67% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 6% of its family
  • cash returned against operating cash flowtop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.5/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.9/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 79th percentile among 27 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Align Technology, Inc. earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 43 cents per dollar of everything the company owns. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count shrank 3.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 30% of its family
  • return on equitytop 27% of its family
  • gross profit against assetstop 18% of its family
  • the share count against the year beforetop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 26 in its family; net margin 10.2%.

weight 33% of this tense · 68th percentile among 26 sector filers · read for its customers

From the record

Align Technology, Inc.'s standing among 26 graded names in its industry family: revenue of $4.0 billion in fiscal 2025 ranks in the top 21% by size; a net margin of 10.2% ranks in the top 17%; revenue growth of 2.6% a year over the last 3 filed years ranks in the bottom 43% (its annual reports).

What it rests on

  • revenue against the family$4.03Btop 21% of its family
  • net margin10.2%top 17% of its family
  • three-year revenue growth2.6%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.0/10

What are the people in charge doing?

top 20% of 17 in its family for leadership; chief executive since 2015.

weight 22% of this tense · 80th percentile among 17 sector filers · read for its shareholders

From the record

Align Technology, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hogan, Joseph M (President and CEO, as filed), filing under that title since 2015-06-01, 11.5 years (top 3% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 8.7 years (top 9%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 17 peopletop 48% of its family
  • the median years the people in charge have filed8.7 yearstop 9% of its family
  • the chief executive's years on the record11.5 yearstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.3/10

How much room does it have to grow?

top 37% of 25 in its family for room to expand.

weight 45% of this tense · 63rd percentile among 25 sector filers · read for itself

From the record

Align Technology, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.1 billion against no long-term debt tagged leaves 17.6% of its assets as net cash, top 39% of its family; cash from operations less capital spending is 12.2% of revenue (top 26%); a gross margin of 67.2% (top 30%); research spending of 9.2% of revenue (bottom 46%) (its annual report).

What it rests on

  • cash less debt against assets17.6%top 39% of its family
  • cash from operations less capital spending against revenue12.2%top 26% of its family
  • gross margin67.2%top 30% of its family
  • research spending against revenue9.2%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 25 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 25 sector filers · read for its customers

From the record

Align Technology, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.6% a year over the last three filed years against 15.8% over all 10, slowing (bottom 10% of its family); the newest year grew 0.9% (bottom 26%); research spending grew 6.6% a year (top 40%); capital spending grew -29.5% a year (bottom 19%) (its annual reports). Align Technology, Inc. reported 2 lines of business in fiscal 2025: Clear Aligner at $3.2 billion, Systems and Services at $790 million. 2 of 2 grew in the latest filed year, and the largest line is 80% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-13.2 points a yearbottom 10% of its family
  • the newest year's revenue growth0.9%bottom 26% of its family
  • three-year growth of research spending6.6%top 40% of its family
  • three-year growth of capital spending-29.5%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.8/10

Did its newest year beat what its own record pointed to?

bottom 48% of 23 in its family for expectations against reality.

weight 22% of this tense · 48th percentile among 23 sector filers · read for its shareholders

From the record

Align Technology, Inc.'s newest year against its own record: revenue of $4.0 billion in fiscal 2025 came in 2.5% below the $4.1 billion its prior three years' pace pointed to (bottom 44% of its family); net income of $410 million against a prior three-year average of $409 million (top 46%); a net margin of 10.2% against 10.6% before (bottom 46%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.5%bottom 44% of its family
  • net income against the prior three years' average+0%top 46% of its family
  • net margin against its prior average-0.4 pointsbottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ALGN · research, not advice