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Side-by-side financial comparison of Align Technology (ALGN) and FIVE BELOW, INC (FIVE). Click either name above to swap in a different company.

Align Technology is the larger business by last-quarter revenue ($1.0B vs $1.0B, roughly 1.0× FIVE BELOW, INC). Align Technology runs the higher net margin — 13.0% vs 3.5%, a 9.4% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs 5.3%). Align Technology produced more free cash flow last quarter ($187.3M vs $-133.2M). Over the past eight quarters, Align Technology's revenue compounded faster (2.5% CAGR vs -11.9%).

Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandib...

Five Below, Inc. is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.

ALGN vs FIVE — Head-to-Head

Bigger by revenue
ALGN
ALGN
1.0× larger
ALGN
$1.0B
$1.0B
FIVE
Growing faster (revenue YoY)
FIVE
FIVE
+17.8% gap
FIVE
23.1%
5.3%
ALGN
Higher net margin
ALGN
ALGN
9.4% more per $
ALGN
13.0%
3.5%
FIVE
More free cash flow
ALGN
ALGN
$320.4M more FCF
ALGN
$187.3M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
ALGN
ALGN
Annualised
ALGN
2.5%
-11.9%
FIVE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ALGN
ALGN
FIVE
FIVE
Revenue
$1.0B
$1.0B
Net Profit
$135.8M
$36.5M
Gross Margin
65.3%
33.8%
Operating Margin
14.8%
4.2%
Net Margin
13.0%
3.5%
Revenue YoY
5.3%
23.1%
Net Profit YoY
30.8%
2063.9%
EPS (diluted)
$1.88
$0.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALGN
ALGN
FIVE
FIVE
Q4 25
$1.0B
$1.0B
Q3 25
$995.7M
$1.0B
Q2 25
$1.0B
$970.5M
Q1 25
$979.3M
$1.4B
Q4 24
$995.2M
$843.7M
Q3 24
$977.9M
$830.1M
Q2 24
$1.0B
$811.9M
Q1 24
$997.4M
$1.3B
Net Profit
ALGN
ALGN
FIVE
FIVE
Q4 25
$135.8M
$36.5M
Q3 25
$56.8M
$42.8M
Q2 25
$124.6M
$41.1M
Q1 25
$93.2M
$187.5M
Q4 24
$103.8M
$1.7M
Q3 24
$116.0M
$33.0M
Q2 24
$96.6M
$31.5M
Q1 24
$105.0M
$202.2M
Gross Margin
ALGN
ALGN
FIVE
FIVE
Q4 25
65.3%
33.8%
Q3 25
64.2%
33.3%
Q2 25
69.9%
33.4%
Q1 25
69.5%
40.2%
Q4 24
70.0%
30.6%
Q3 24
69.7%
32.7%
Q2 24
70.3%
32.5%
Q1 24
70.0%
41.2%
Operating Margin
ALGN
ALGN
FIVE
FIVE
Q4 25
14.8%
4.2%
Q3 25
9.7%
5.1%
Q2 25
16.1%
5.2%
Q1 25
13.4%
17.7%
Q4 24
14.5%
-0.1%
Q3 24
16.6%
5.0%
Q2 24
14.3%
4.5%
Q1 24
15.5%
20.1%
Net Margin
ALGN
ALGN
FIVE
FIVE
Q4 25
13.0%
3.5%
Q3 25
5.7%
4.2%
Q2 25
12.3%
4.2%
Q1 25
9.5%
13.5%
Q4 24
10.4%
0.2%
Q3 24
11.9%
4.0%
Q2 24
9.4%
3.9%
Q1 24
10.5%
15.1%
EPS (diluted)
ALGN
ALGN
FIVE
FIVE
Q4 25
$1.88
$0.66
Q3 25
$0.78
$0.77
Q2 25
$1.72
$0.75
Q1 25
$1.27
$3.40
Q4 24
$1.40
$0.03
Q3 24
$1.55
$0.60
Q2 24
$1.28
$0.57
Q1 24
$1.39
$3.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALGN
ALGN
FIVE
FIVE
Cash + ST InvestmentsLiquidity on hand
$1.1B
$524.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.0B
$2.0B
Total Assets
$6.2B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGN
ALGN
FIVE
FIVE
Q4 25
$1.1B
$524.5M
Q3 25
$1.0B
$670.2M
Q2 25
$901.2M
$624.0M
Q1 25
$873.0M
$528.8M
Q4 24
$1.0B
$216.6M
Q3 24
$1.0B
$327.7M
Q2 24
$761.4M
$369.6M
Q1 24
$865.8M
$460.1M
Stockholders' Equity
ALGN
ALGN
FIVE
FIVE
Q4 25
$4.0B
$2.0B
Q3 25
$4.0B
$1.9B
Q2 25
$3.9B
$1.9B
Q1 25
$3.8B
$1.8B
Q4 24
$3.9B
$1.6B
Q3 24
$3.9B
$1.6B
Q2 24
$3.8B
$1.6B
Q1 24
$3.8B
$1.6B
Total Assets
ALGN
ALGN
FIVE
FIVE
Q4 25
$6.2B
$4.8B
Q3 25
$6.2B
$4.6B
Q2 25
$6.2B
$4.5B
Q1 25
$6.1B
$4.3B
Q4 24
$6.2B
$4.2B
Q3 24
$6.4B
$4.0B
Q2 24
$6.2B
$3.9B
Q1 24
$6.2B
$3.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGN
ALGN
FIVE
FIVE
Operating Cash FlowLast quarter
$223.2M
$-80.1M
Free Cash FlowOCF − Capex
$187.3M
$-133.2M
FCF MarginFCF / Revenue
17.9%
-12.8%
Capex IntensityCapex / Revenue
3.4%
5.1%
Cash ConversionOCF / Net Profit
1.64×
-2.19×
TTM Free Cash FlowTrailing 4 quarters
$490.8M
$323.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGN
ALGN
FIVE
FIVE
Q4 25
$223.2M
$-80.1M
Q3 25
$188.7M
$93.0M
Q2 25
$128.7M
$132.7M
Q1 25
$52.7M
$363.5M
Q4 24
$286.1M
$-30.6M
Q3 24
$263.7M
$71.3M
Q2 24
$159.8M
$26.4M
Q1 24
$28.7M
$407.7M
Free Cash Flow
ALGN
ALGN
FIVE
FIVE
Q4 25
$187.3M
$-133.2M
Q3 25
$169.0M
$48.3M
Q2 25
$107.2M
$96.5M
Q1 25
$27.4M
$311.4M
Q4 24
$263.1M
$-111.0M
Q3 24
$233.9M
$-32.4M
Q2 24
$106.4M
$-61.4M
Q1 24
$19.3M
$304.6M
FCF Margin
ALGN
ALGN
FIVE
FIVE
Q4 25
17.9%
-12.8%
Q3 25
17.0%
4.7%
Q2 25
10.6%
9.9%
Q1 25
2.8%
22.4%
Q4 24
26.4%
-13.2%
Q3 24
23.9%
-3.9%
Q2 24
10.3%
-7.6%
Q1 24
1.9%
22.8%
Capex Intensity
ALGN
ALGN
FIVE
FIVE
Q4 25
3.4%
5.1%
Q3 25
2.0%
4.4%
Q2 25
2.1%
3.7%
Q1 25
2.6%
3.7%
Q4 24
2.3%
9.5%
Q3 24
3.0%
12.5%
Q2 24
5.2%
10.8%
Q1 24
0.9%
7.7%
Cash Conversion
ALGN
ALGN
FIVE
FIVE
Q4 25
1.64×
-2.19×
Q3 25
3.33×
2.17×
Q2 25
1.03×
3.22×
Q1 25
0.57×
1.94×
Q4 24
2.76×
-18.13×
Q3 24
2.27×
2.16×
Q2 24
1.66×
0.84×
Q1 24
0.27×
2.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALGN
ALGN

Systems And Services$789.6M75%
Other$258.0M25%

FIVE
FIVE

Segment breakdown not available.

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