Align Technology Inc (ALGN)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	2,810,118	2,786,147	2,767,449	2,752,920	2,710,309	2,655,040	2,611,133	2,585,083	2,633,775	2,760,637	2,896,624	2,967,603	2,935,355	2,801,255	2,580,187	2,045,977	1,763,235	1,624,730	1,528,196	1,736,157
Revenue (ttm)	US$ in thousands	3,999,012	3,960,519	3,942,861	3,916,541	3,862,257	3,807,046	3,737,180	3,704,563	3,734,635	3,864,220	3,989,782	4,031,039	3,952,591	3,756,011	3,474,245	2,815,749	2,471,941	2,287,208	2,160,405	2,408,788
Gross profit margin		70.27%	70.35%	70.19%	70.29%	70.17%	69.74%	69.87%	69.78%	70.52%	71.44%	72.60%	73.62%	74.26%	74.58%	74.27%	72.66%	71.33%	71.04%	70.74%	72.08%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,810,118K ÷ $3,999,012K
= 70.27%

The gross profit margin of Align Technology Inc has been fluctuating over the past few years. It decreased from 72.08% on March 31, 2020, to a low of 69.74% on September 30, 2023. However, there was a general upward trend in the latter half of the period, reaching 70.27% by December 31, 2024. The company experienced its highest gross profit margin of 74.58% on September 30, 2021.

Overall, the gross profit margin of Align Technology Inc has shown variability but has been relatively stable in recent periods, hovering around the 70% mark. This indicates that the company has been effectively managing its cost of goods sold relative to its revenue, maintaining a healthy level of profitability in its operations.