Align Technology’s Squeezed Returns Test Investor Confidence In Clear Aligners

Align Technology is seeing shrinking returns on capital and free cash flow margins, pointing to pressure on its clear aligner business. These trends suggest the company may need additional investment to support competitiveness in a crowded orthodontics market. The changes in profitability and cash generation come as investors reassess NasdaqGS:ALGN after a 27.2% decline over the past year. For you as an investor, the key context is that Align Technology, trading at $164.12, has seen its...