Align Technology, Inc.ALGN
NasdaqGS•Healthcare•Medical Instruments & Supplies
Understand cash generation quality and how management allocates capital.
Free cash flow was $120.26M in the latest quarter (339.1% increase YoY). FCF margin is 2.9%. Shares outstanding declined by 2.9% year-over-year, indicating buybacks (returning capital to shareholders). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation