Align (ALGN) Stock Analysis

November 11, 2026

This is a peer-relative look at Align (ALGN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Align (ALGN)
Profile Item	ALGN
Name	Align Technology Inc.
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Supplies
Market Capitalization	11.70 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	January 30, 2001
Security Type	Common Stock

Price Performance

Cumulative Growth

ALGN

GSPC

Align (ALGN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Align (ALGN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Align (ALGN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Total Return (1Y)	27.43%	21.53%
Total Return (3Y, Annualized)	-2.84%	9.81%
Total Return (5Y, Annualized)	-24.73%	-2.76%

Risk Profile

Drawdown History

ALGN

GSPC

Align (ALGN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Align (ALGN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Volatility (1Y, Annualized)	40.49%	50.93%
Beta (5Y)	1.67	0.85
Max Drawdown (5Y)	-82.44%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ALGN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Sharpe Ratio (1Y)	0.57	0.34
Sortino Ratio (1Y)	0.89	0.54

Profitability

ROE (TTM)

Align (ALGN) posts ROE of 11.91%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

ALGN

Health Care Equipment & Services industry group

11.91%

Group distribution

Max: 47.61%
Q3: 14.36%
ALGN: 11.91%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
ALGN: 11.91%
MDT: 10.65%
ABT: 9.14%
MCK: --

Where Align (ALGN) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Align (ALGN) keeps 11.83% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

ALGN

Health Care Equipment & Services industry group

11.83%

Group distribution

Max: 29.35%
ALGN: 11.83%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ALGN: 11.83%
ABT: 9.75%
UNH: 3.53%
MCK: 1.12%

Where Align (ALGN) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Align (ALGN) turns 20.13% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

ALGN

Health Care Equipment & Services industry group

20.13%

Group distribution

Max: 35.43%
ALGN: 20.13%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
SYK: 22.96%
ALGN: 20.13%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
MCK: 1.48%

Where Align (ALGN) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
ROE (TTM)	11.91%	5.45%
ROA (TTM)	8.01%	3.17%
Net Margin (TTM)	11.83%	2.18%
Operating Margin (TTM)	20.13%	6.81%
Gross Margin (TTM)	71.53%	55.21%

Growth

Revenue Growth

Align (ALGN) grew revenue 0.90%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Align (ALGN): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Align (ALGN) grew earnings per share 0.53%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Align (ALGN): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Revenue Growth (YoY)	0.90%	11.55%
Revenue Growth (3Y CAGR)	2.61%	10.83%
EPS Growth (YoY)	0.53%	4.88%
EPS Growth (3Y CAGR)	7.02%	14.59%

Financial Strength

Current Ratio (MRQ)

Align (ALGN) has current ratio of 1.43, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

ALGN

Health Care Equipment & Services industry group

1.43

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
ALGN: 1.43
Q1: 1.37
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
ALGN: 1.43
MCK: 0.90
UNH: 0.74

Where Align (ALGN) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Align (ALGN) has debt-to-equity ratio of 0.03, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

ALGN

Health Care Equipment & Services industry group

0.03

Group distribution

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
ALGN: 0.03
Min: 0.00

Largest peers

UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
ALGN: 0.03
ISRG: --
MCK: --

Where Align (ALGN) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Current Ratio (MRQ)	1.43	1.98
Debt / Equity (MRQ)	0.03	0.58
Net Debt / EBITDA	-1.04	2.04

Dividends

Dividend Yield (TTM)

Align (ALGN) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

ALGN

Health Care Equipment & Services industry group

0.00%

Group distribution

ALGN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
MCK: 0.32%
ALGN: 0.00%
ISRG: 0.00%

Where Align (ALGN) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Align (ALGN) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

ALGN

Health Care Equipment & Services industry group

0.00%

Group distribution

ALGN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
MCK: 8.77%
ALGN: 0.00%
ISRG: 0.00%

Where Align (ALGN) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Align (ALGN) trades at P/E ratio of 24.20, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ALGN

Health Care Equipment & Services industry group

24.20

Group distribution

Max: 80.41
Q3: 47.62
Median: 29.93
ALGN: 24.20
Q1: 21.19
Min: 4.21

Largest peers

ISRG: 54.75
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
ALGN: 24.20
UNH: 22.50

Where Align (ALGN) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Align (ALGN) trades at 2.81 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

ALGN

Health Care Equipment & Services industry group

2.81

Group distribution

Max: 8.80
Q3: 4.32
ALGN: 2.81
Median: 2.13
Q1: 1.10
Min: 0.03

Largest peers

ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
ALGN: 2.81
UNH: 0.78
MCK: 0.29

Where Align (ALGN) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Align (ALGN) trades at 2.73 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

ALGN

Health Care Equipment & Services industry group

2.73

Group distribution

Max: 11.68
Q3: 6.12
Median: 3.00
ALGN: 2.73
Q1: 1.73
Min: -1.31

Largest peers

ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
ALGN: 2.73
MDT: 2.59
MCK: -30.85

Where Align (ALGN) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Align (ALGN) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ALGN	Industry group median
P/E Ratio (TTM)	24.20	29.93
P/S Ratio (TTM)	2.81	2.13
P/B Ratio (MRQ)	2.73	3.00
Free Cash Flow Yield (TTM)	4.90%	3.50%