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Align Technology ALGN Debt-to-equity

Debt-to-equity at other companies

3M logo
3MMMM
3.5×+0.6×
Solventum logo
SolventumSOLV
1.2×-1.3×
Globus Medical logo
Globus MedicalGMED
0.0×
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
0.0×
Intuitive Surgical logo
Intuitive SurgicalISRG
0.0×
Zimmer Biomet Holdings logo
Zimmer Biomet HoldingsZBH
0.6×0.0×

Other financials

Income statement

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Revenue$1.0B+6.2%
Gross profit$736.6M+8.3%
Operating income$142.0M+8.3%
Net income$112.8M+21.0%
EPS (diluted)$1.57+23.6%

Balance sheet

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Cash & equivalents$1.1B+21.4%
Total debt$116.0M-2.1%
Total equity$4.1B+9.4%
Total assets$6.3B+3.5%

Cash flow

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Operating cash flow$151.0M+187%
CapEx$30.8M+21.7%
Free cash flow$120.3M+339%

Valuation

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Market cap$13.04B+4.5%
Enterprise value$12.1B+3.1%
P/E30.3×-0.1×
P/S3.2×0.0×

Profitability

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Gross margin67.6%-2.3pp
Operating margin13.6%-1.1pp
Net margin10.5%+0.2pp
FCF margin14.3%-1.6pp

Returns & leverage

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Return on equity10.8%0.0pp
Current ratio1.4×+0.2×

Where this comes from

Calculated from Align Technology’s reported figures.

Based on the most recent quarter.

The official record: Align Technology’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Align Technology's debt-to-equity?
Align Technology (ALGN) reported debt-to-equity of 0× in Q1 2026.
How has Align Technology's debt-to-equity changed year-over-year?
Align Technology's debt-to-equity decreased by 10.3% year-over-year, from 0× to 0×.
What is the long-term trend for Align Technology's debt-to-equity?
Over 5 years (2020 to 2025), Align Technology's debt-to-equity has grown at a 1.2% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.