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Side-by-side financial comparison of Align Technology (ALGN) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.

Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.0B, roughly 1.7× Align Technology). Align Technology runs the higher net margin — 10.8% vs -1.1%, a 12.0% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs 6.2%). Over the past eight quarters, Hyatt Hotels Corp's revenue compounded faster (2.2% CAGR vs 0.6%).

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...

Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.

ALGN vs H — Head-to-Head

Bigger by revenue
H
H
1.7× larger
H
$1.8B
$1.0B
ALGN
Growing faster (revenue YoY)
H
H
+5.5% gap
H
11.7%
6.2%
ALGN
Higher net margin
ALGN
ALGN
12.0% more per $
ALGN
10.8%
-1.1%
H
Faster 2-yr revenue CAGR
H
H
Annualised
H
2.2%
0.6%
ALGN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALGN
ALGN
H
H
Revenue
$1.0B
$1.8B
Net Profit
$112.8M
$-20.0M
Gross Margin
70.8%
Operating Margin
13.6%
0.4%
Net Margin
10.8%
-1.1%
Revenue YoY
6.2%
11.7%
Net Profit YoY
21.0%
64.3%
EPS (diluted)
$1.57
$-0.20

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
H
H
Q1 26
$1.0B
Q4 25
$1.0B
$1.8B
Q3 25
$995.7M
$1.8B
Q2 25
$1.0B
$1.8B
Q1 25
$979.3M
$1.7B
Q4 24
$995.2M
$1.6B
Q3 24
$977.9M
$1.6B
Q2 24
$1.0B
$1.7B
Net Profit
ALGN
ALGN
H
H
Q1 26
$112.8M
Q4 25
$135.8M
$-20.0M
Q3 25
$56.8M
$-49.0M
Q2 25
$124.6M
$-3.0M
Q1 25
$93.2M
$20.0M
Q4 24
$103.8M
$-56.0M
Q3 24
$116.0M
$471.0M
Q2 24
$96.6M
$359.0M
Gross Margin
ALGN
ALGN
H
H
Q1 26
70.8%
Q4 25
65.3%
Q3 25
64.2%
Q2 25
69.9%
Q1 25
69.5%
Q4 24
70.0%
Q3 24
69.7%
Q2 24
70.3%
Operating Margin
ALGN
ALGN
H
H
Q1 26
13.6%
Q4 25
14.8%
0.4%
Q3 25
9.7%
-1.0%
Q2 25
16.1%
2.1%
Q1 25
13.4%
3.0%
Q4 24
14.5%
-3.0%
Q3 24
16.6%
37.3%
Q2 24
14.3%
27.1%
Net Margin
ALGN
ALGN
H
H
Q1 26
10.8%
Q4 25
13.0%
-1.1%
Q3 25
5.7%
-2.7%
Q2 25
12.3%
-0.2%
Q1 25
9.5%
1.2%
Q4 24
10.4%
-3.5%
Q3 24
11.9%
28.9%
Q2 24
9.4%
21.1%
EPS (diluted)
ALGN
ALGN
H
H
Q1 26
$1.57
Q4 25
$1.88
$-0.20
Q3 25
$0.78
$-0.51
Q2 25
$1.72
$-0.03
Q1 25
$1.27
$0.19
Q4 24
$1.40
$-0.37
Q3 24
$1.55
$4.63
Q2 24
$1.28
$3.46

Balance Sheet & Financial Strength

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

Metric
ALGN
ALGN
H
H
Cash + ST InvestmentsLiquidity on hand
$1.1B
$813.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1B
$3.3B
Total Assets
$6.3B
$14.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGN
ALGN
H
H
Q1 26
$1.1B
Q4 25
$1.1B
$813.0M
Q3 25
$1.0B
$749.0M
Q2 25
$901.2M
$912.0M
Q1 25
$873.0M
$1.8B
Q4 24
$1.0B
$1.4B
Q3 24
$1.0B
$1.1B
Q2 24
$761.4M
$2.0B
Total Debt
ALGN
ALGN
H
H
Q1 26
Q4 25
Q3 25
$6.0B
Q2 25
$6.0B
Q1 25
$4.3B
Q4 24
$3.8B
Q3 24
$3.1B
Q2 24
$3.9B
Stockholders' Equity
ALGN
ALGN
H
H
Q1 26
$4.1B
Q4 25
$4.0B
$3.3B
Q3 25
$4.0B
$3.5B
Q2 25
$3.9B
$3.6B
Q1 25
$3.8B
$3.5B
Q4 24
$3.9B
$3.5B
Q3 24
$3.9B
$3.7B
Q2 24
$3.8B
$3.9B
Total Assets
ALGN
ALGN
H
H
Q1 26
$6.3B
Q4 25
$6.2B
$14.0B
Q3 25
$6.2B
$15.7B
Q2 25
$6.2B
$15.9B
Q1 25
$6.1B
$14.0B
Q4 24
$6.2B
$13.3B
Q3 24
$6.4B
$11.9B
Q2 24
$6.2B
$12.8B
Debt / Equity
ALGN
ALGN
H
H
Q1 26
Q4 25
Q3 25
1.73×
Q2 25
1.69×
Q1 25
1.25×
Q4 24
1.07×
Q3 24
0.85×
Q2 24
1.01×

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
H
H
Operating Cash FlowLast quarter
$151.0M
$313.0M
Free Cash FlowOCF − Capex
$236.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters
$159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGN
ALGN
H
H
Q1 26
$151.0M
Q4 25
$223.2M
$313.0M
Q3 25
$188.7M
$-20.0M
Q2 25
$128.7M
$-67.0M
Q1 25
$52.7M
$153.0M
Q4 24
$286.1M
$235.0M
Q3 24
$263.7M
$-21.0M
Q2 24
$159.8M
$177.0M
Free Cash Flow
ALGN
ALGN
H
H
Q1 26
Q4 25
$187.3M
$236.0M
Q3 25
$169.0M
$-89.0M
Q2 25
$107.2M
$-111.0M
Q1 25
$27.4M
$123.0M
Q4 24
$263.1M
$184.0M
Q3 24
$233.9M
$-64.0M
Q2 24
$106.4M
$135.0M
FCF Margin
ALGN
ALGN
H
H
Q1 26
Q4 25
17.9%
13.2%
Q3 25
17.0%
-5.0%
Q2 25
10.6%
-6.1%
Q1 25
2.8%
7.2%
Q4 24
26.4%
11.5%
Q3 24
23.9%
-3.9%
Q2 24
10.3%
7.9%
Capex Intensity
ALGN
ALGN
H
H
Q1 26
Q4 25
3.4%
4.3%
Q3 25
2.0%
3.9%
Q2 25
2.1%
2.4%
Q1 25
2.6%
1.7%
Q4 24
2.3%
3.2%
Q3 24
3.0%
2.6%
Q2 24
5.2%
2.5%
Cash Conversion
ALGN
ALGN
H
H
Q1 26
1.34×
Q4 25
1.64×
Q3 25
3.33×
Q2 25
1.03×
Q1 25
0.57×
7.65×
Q4 24
2.76×
Q3 24
2.27×
-0.04×
Q2 24
1.66×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALGN
ALGN

Clear Aligner$856.0M82%
CAM Services$184.1M18%

H
H

Other$627.0M35%
Rooms Revenue$326.0M18%
Net Fees$290.0M16%
Distribution Segment$177.0M10%
Franchise And Other Fees$114.0M6%
Base Management Fees$112.0M6%
Incentive Management Fees$81.0M5%
Other Owned And Leased Hotel Revenue$41.0M2%
Contra Revenue$17.0M1%
Other Revenues$4.0M0%

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