Net margin is calculated as Net Income divided by its Revenue. Align Technology's Net Income for the
three
months ended in Dec. 2023 was $124 Mil. Align Technology's Revenue for the
three
months ended in Dec. 2023 was $957 Mil. Therefore, Align Technology's net margin for the quarter that ended in Dec. 2023 was 12.96%.
The historical rank and industry rank for Align Technology's Net Margin % or its related term are showing as below:
ALGN'
s Net Margin % Range Over the Past 10 Years
Min: 9.68 Med: 17.99 Max: 71.84
Current: 11.52
ALGN's Net Margin % is ranked better than 75.61% of 816
companies
in the Medical Devices & Instruments industry
Industry Median: 0.045
vs ALGN: 11.52
Align Technology Net Margin % Historical Data
The historical data trend for Align Technology's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Medical Devices subindustry, Align Technology's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Align Technology Net Margin % Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Net Margin % distribution charts can be found below:
* The bar in red indicates where Align Technology's Net Margin % falls into.
Align Technology Net Margin % Calculation
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
Align Technology's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Align Technology (NAS:ALGN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Align Technology Net Margin % Related Terms
Thank you for viewing the detailed overview of Align Technology's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Align Technology (Align Technology) Business Description
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998, and it has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.
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