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Align Technology ALGN Net debt / EBITDA

Net debt / EBITDA at other companies

3M logo
3MMMM
1.3×+0.2×
Solventum logo
SolventumSOLV
-3.4×
Globus Medical logo
Globus MedicalGMED
-0.5×-0.1×
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
3.3×+0.5×
Intuitive Surgical logo
Intuitive SurgicalISRG
-0.8×-0.3×
Zimmer Biomet Holdings logo
Zimmer Biomet HoldingsZBH
3.1×+0.6×

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
Debt / equity0.0×
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 net debt / EBITDA?
Align Technology (ALGN) reported net debt / EBITDA of -1.2× in Q1 2026.
How has Align Technology's net debt / EBITDA changed year-over-year?
Align Technology's net debt / EBITDA decreased by 13.4% year-over-year, from -1× to -1.2×.
What is the long-term trend for Align Technology's net debt / EBITDA?
Over 5 years (2020 to 2025), Align Technology's net debt / EBITDA has grown at a -7.2% compound annual growth rate (CAGR), from -1.8× to -1.3×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.