Align Technology Past Earnings Performance
Past criteria checks 4/6
Align Technology's earnings have been declining at an average annual rate of -17%, while the Medical Equipment industry saw earnings growing at 2% annually. Revenues have been growing at an average rate of 13.7% per year. Align Technology's return on equity is 12.3%, and it has net margins of 11.8%.
Key information
-17.0%
Earnings growth rate
-16.5%
EPS growth rate
| Medical Equipment Industry Growth | 4.3% |
| Revenue growth rate | 13.7% |
| Return on equity | 12.3% |
| Net Margin | 11.8% |
| Next Earnings Update | 24 Jul 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Align Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 3,917 | 462 | 1,716 | 351 |
| 31 Dec 23 | 3,862 | 445 | 1,703 | 347 |
| 30 Sep 23 | 3,807 | 363 | 1,711 | 348 |
| 30 Jun 23 | 3,737 | 314 | 1,701 | 336 |
| 31 Mar 23 | 3,705 | 315 | 1,675 | 321 |
| 31 Dec 22 | 3,735 | 362 | 1,674 | 305 |
| 30 Sep 22 | 3,864 | 511 | 1,716 | 294 |
| 30 Jun 22 | 3,990 | 619 | 1,745 | 283 |
| 31 Mar 22 | 4,031 | 706 | 1,751 | 268 |
| 31 Dec 21 | 3,953 | 772 | 1,709 | 250 |
| 30 Sep 21 | 3,756 | 740 | 1,606 | 227 |
| 30 Jun 21 | 3,474 | 698 | 1,490 | 206 |
| 31 Mar 21 | 2,816 | 458 | 1,315 | 188 |
| 31 Dec 20 | 2,472 | 1,776 | 1,201 | 175 |
| 30 Sep 20 | 2,287 | 1,738 | 1,132 | 168 |
| 30 Jun 20 | 2,160 | 1,701 | 1,097 | 163 |
| 31 Mar 20 | 2,409 | 1,889 | 1,108 | 161 |
| 31 Dec 19 | 2,407 | 443 | 1,072 | 157 |
| 30 Sep 19 | 2,291 | 419 | 1,019 | 152 |
| 30 Jun 19 | 2,189 | 417 | 956 | 145 |
| 31 Mar 19 | 2,079 | 376 | 900 | 137 |
| 31 Dec 18 | 1,966 | 400 | 852 | 129 |
| 30 Sep 18 | 1,854 | 313 | 808 | 119 |
| 30 Jun 18 | 1,734 | 295 | 763 | 111 |
| 31 Mar 18 | 1,600 | 258 | 714 | 104 |
| 31 Dec 17 | 1,473 | 231 | 666 | 98 |
| 30 Sep 17 | 1,345 | 269 | 614 | 93 |
| 30 Jun 17 | 1,239 | 238 | 571 | 89 |
| 31 Mar 17 | 1,151 | 219 | 530 | 83 |
| 31 Dec 16 | 1,080 | 190 | 491 | 76 |
| 30 Sep 16 | 1,017 | 191 | 460 | 68 |
| 30 Jun 16 | 946 | 167 | 435 | 65 |
| 31 Mar 16 | 886 | 148 | 414 | 62 |
| 31 Dec 15 | 845 | 144 | 390 | 61 |
| 30 Sep 15 | 814 | 135 | 377 | 61 |
| 30 Jun 15 | 796 | 145 | 355 | 56 |
| 31 Mar 15 | 779 | 150 | 338 | 53 |
| 31 Dec 14 | 762 | 146 | 332 | 53 |
| 30 Sep 14 | 740 | 149 | 319 | 50 |
| 30 Jun 14 | 714 | 145 | 311 | 49 |
| 31 Mar 14 | 684 | 139 | 302 | 46 |
| 31 Dec 13 | 660 | 64 | 293 | 44 |
| 30 Sep 13 | 619 | 31 | 286 | 45 |
| 30 Jun 13 | 591 | -3 | 275 | 44 |
Quality Earnings: AFW has high quality earnings.
Growing Profit Margin: AFW's current net profit margins (11.8%) are higher than last year (8.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AFW's earnings have declined by 17% per year over the past 5 years.
Accelerating Growth: AFW's earnings growth over the past year (46.7%) exceeds its 5-year average (-17% per year).
Earnings vs Industry: AFW earnings growth over the past year (46.7%) exceeded the Medical Equipment industry -9.8%.
Return on Equity
High ROE: AFW's Return on Equity (12.3%) is considered low.