Align Technology's gross profit for the
three
months ended in Jun. 2023 was $714 Mil. Align Technology's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was $2,611 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Align Technology's gross profit for the
three
months ended in Jun. 2023 was $714 Mil. Align Technology's Revenue for the
three
months ended in Jun. 2023 was $1,002 Mil. Therefore, Align Technology's Gross Margin % for the quarter that ended in Jun. 2023 was 71.21%.
Align Technology had a gross margin of 71.21% for the quarter that ended in Jun. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Align Technology was 75.95%. The lowest was 69.87%. And the median was 74.86%.
Align Technology Gross Profit Historical Data
The historical data trend for Align Technology's Gross Profit 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.
* Premium members only.
Align Technology Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Gross Profit
1,447.87
1,743.90
1,763.24
2,935.36
2,633.78
Align Technology Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Gross Profit
687.56
619.17
617.70
660.65
713.61
Competitive Comparison
For the Medical Devices subindustry, Align Technology's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Gross Profit distribution charts can be found below:
* The bar in red indicates where Align Technology's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.
Align Technology Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Align Technology's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,611 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Align Technology's Gross Margin % for the quarter that ended in Jun. 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Align Technology had a gross margin of 71.21% for the quarter that ended in Jun. 2023 => Durable competitive advantage
Align Technology Gross Profit Related Terms
Thank you for viewing the detailed overview of Align Technology's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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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