Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.47B | $1.97B | $2.41B | $2.47B | $3.95B | $3.73B | $3.86B | $4.00B | $4.03B |
| Revenue growth | — | 36.4% | 33.5% | 22.4% | 2.7% | 59.9% | -5.5% | 3.4% | 3.5% | 0.9% |
| Gross profit | $815M | $1.12B | $1.45B | $1.74B | $1.76B | $2.94B | $2.63B | $2.71B | $2.80B | $2.71B |
| Gross margin | 75.5% | 75.8% | 73.6% | 72.5% | 71.3% | 74.3% | 70.5% | 70.1% | 70.0% | 67.2% |
| Operating income | $249M | $354M | $467M | $542M | $387M | $976M | $643M | $643M | $608M | $546M |
| Operating margin | 23.1% | 24.0% | 23.7% | 22.5% | 15.7% | 24.7% | 17.2% | 16.7% | 15.2% | 13.5% |
| Net income | $190M | $231M | $400M | $443M | $1.78B | $772M | $362M | $445M | $421M | $410M |
| Net margin | 17.6% | 15.7% | 20.4% | 18.4% | 71.8% | 19.5% | 9.7% | 11.5% | 10.5% | 10.2% |
| EPS (diluted) | $2.33 | $2.83 | $4.92 | $5.53 | $22.41 | $9.69 | $4.61 | $5.81 | $5.62 | $5.65 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $248M | $439M | $555M | $747M | $662M | $1.17B | $569M | $786M | $738M | $593M |
| Capital expenditures | $70.6M | $196M | $223M | $150M | $155M | $401M | $292M | $178M | $116M | $102M |
| Free cash flow | $177M | $243M | $331M | $598M | $507M | $771M | $277M | $608M | $623M | $491M |
| Share buybacks | $96.2M | $104M | $300M | $400M | $0.00 | $375M | $435M | $592M | $353M | $466M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $389M | $450M | $637M | $550M | $961M | $1.10B | $942M | $937M | $1.04B | $1.09B |
| Total assets | $1.40B | $1.78B | $2.05B | $2.50B | $4.83B | $5.94B | $5.95B | $6.08B | $6.21B | $6.23B |
| Total liabilities | $401M | $630M | $800M | $1.15B | $1.60B | $2.32B | $2.35B | $2.45B | $2.36B | $2.18B |
| Shareholders' equity | $999M | $1.15B | $1.25B | $1.35B | $3.23B | $3.62B | $3.60B | $3.63B | $3.85B | $4.05B |
| Retained earnings | $131M | $267M | $378M | $440M | $2.22B | $2.62B | $2.57B | $2.45B | $2.48B | $2.46B |
| Shares (wtd avg diluted) | 81.5M | 81.8M | 81.4M | 80.1M | 79.2M | 79.7M | 78.4M | 76.6M | 75.0M | 72.6M |
Every figure is extracted from ALIGN TECHNOLOGY INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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