Stock Analysis on Net
Stock Analysis on Net

Align Technology Inc. (NASDAQ:ALGN)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Align Technology Inc., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss)1 ÷ Net revenues1
Dec 31, 2022 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net Income (Loss) Trend
The net income shows a highly volatile pattern over the years. Initially, there was a modest positive net income in 2005, followed by a substantial loss in 2006. From 2007 onward, the net income generally remained positive with fluctuating values. Notably, substantial increases occurred in 2014 and 2015, with net income exceeding 140 million USD. The most significant peak is observed in 2020, reaching approximately 1.78 billion USD, followed by a sharp decline in subsequent years to around 772 million USD in 2021 and 361 million USD in 2022.
Net Revenues Trend
Net revenues demonstrate a consistent upward trajectory throughout the period analyzed. Starting from approximately 207 million USD in 2005, revenues increased steadily each year, peaking near 3.95 billion USD in 2021. A slight decrease is observed in 2022, with revenues falling to approximately 3.73 billion USD. The growth trend overall indicates a strong expansion of sales or service volume over the years, reflecting sustained business growth despite fluctuations in profitability.
Net Profit Margin Trend
The net profit margin exhibits notable variability. The margin was marginally positive in 2005 but turned significantly negative in 2006. Following that year, the margin recovered and remained generally positive, with values ranging mostly between 9% and 20%, peaking above 26% in 2008. An exceptional increase occurred in 2020, where the margin surged to approximately 72%, likely influenced by the extraordinary rise in net income that year relative to revenues. In 2021 and 2022, the profit margin declined to near 20% and below 10%, respectively, indicating a return to more typical profitability levels despite high revenue volumes.
Overall Financial Performance Insights
The company demonstrated significant revenue growth, reflecting successful expansion efforts. Profitability showed volatility, highlighting periods of both losses and exceptional gains. The extraordinary spike in net income and profit margin in 2020 suggests an unusual event or one-time gain that dramatically improved financial results that year. Subsequent years indicate normalization in profitability, despite maintaining elevated revenue levels compared to earlier periods. The data suggests strong operational scalability but sensitivity in net profit generation, potentially influenced by market conditions, cost structures, or specific strategic initiatives taken during the period.

Comparison to Competitors

Align Technology Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Align Technology Inc. Abbott Laboratories Elevance Health Inc. Intuitive Surgical Inc. Medtronic PLC UnitedHealth Group Inc.
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Health Care Equipment & Services)

Align Technology Inc., net profit margin, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
Align Technology Inc. Health Care Equipment & Services
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Align Technology Inc., net profit margin, long-term trends, comparison to industry (health care)

Microsoft Excel
Align Technology Inc. Health Care
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).