ALGN vs RMD vs XRAY Stock Comparison

Align Technology, Resmed and Dentsply Sirona Prices as of Nov 5, 2026 Peers: Industry group
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ALGN Align Technology Inc
$159.37 +12.7% 1M +16.2% 1Y
Market cap
$11.76B
P/E
23.9x
Revenue (TTM)
$4.16B
Div. yield
–
Dental Healthcare
1 win
RMD Resmed Inc
$239.16 +8.4% 1M -2.5% 1Y
Market cap
$33.64B
P/E
21.1x
Revenue (TTM)
$5.73B
Div. yield
–
Medical Devices Healthcare
9 wins
XRAY DENTSPLY SIRONA Inc.
$10.09 +18.4% 1M -20.0% 1Y
Market cap
$1.88B
P/E
–
Revenue (TTM)
$3.58B
Div. yield
–
Dental Healthcare
1 win

Head to Head

11 decided of 12

Resmed leads on 9 of the 12 questions below (Resmed 9, Dentsply Sirona 1, Align Technology 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALGNRMDXRAYLeader
Larger companyMarket capitalisation $11.76B $33.64B $1.88B RMD
Cheaper on earningsLower P/E, profitable companies only 23.9x 21.1x -15.6x RMD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.6x 18.5x 6.8x XRAY
Faster revenue growthRevenue growth, trailing twelve months +4.4% +9.0% -1.4% RMD
More profitableNet margin, trailing twelve months 11.8% 27.8% -3.4% RMD
Better return on capitalReturn on invested capital — 22.0% -1.5% RMD
Less leveragedLower net debt / EBITDA — -0.3x 7.1x RMD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +16.2% -2.5% -20.0% ALGN
Better 5-year returnAnnualised price return, 5 years -25.4%/yr -1.7%/yr -29.0%/yr RMD
Less volatileAnnualised volatility, 1 year 40.1% 31.1% 49.3% RMD
Higher overall scoreMean of the five percentile scores vs peers 69/100 80/100 60/100 RMD

Percentile Scorecard

ALGNRMDXRAY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALGNRMDXRAY
Valuation 89 #27 of 229 75 #58 of 229 90 #24 of 229
Growth 34 #146 of 221 58 #94 of 221 49 #113 of 221
Profitability 88 #27 of 210 100 #2 of 210 66 #73 of 210
Financial Health 46 #131 of 240 77 #55 of 240 13 #209 of 240
Shareholder Returns 91 #14 of 147 90 #15 of 147 84 #24 of 147
Overall 69 80 60
  • ALGN ranked among 247 companies in Medical Devices and Diagnostics
  • RMD ranked among 247 companies in Medical Devices and Diagnostics
  • XRAY ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALGNRMDXRAYSPY
1 month +12.7%+8.4%+18.4% -5.9%
3 months -5.7%+7.1%-23.4% -4.6%
6 months -5.4%+15.6%-7.9% +0.2%
Year to date +2.1%-0.7%-11.7% +7.5%
1 year +16.2%-2.5%-20.0% +8.2%
3 years -19.4%+55.4%-64.7% +68.3%
3 years, per year -6.9%+15.8%-29.3% +19.0%
5 years -76.8%-8.2%-81.9% +56.5%
5 years, per year -25.4%-1.7%-29.0% +9.4%
10 years +85.9%+316.5%-83.3% +251.5%
10 years, per year +6.4%+15.3%-16.4% +13.4%

Risk

MeasureALGNRMDXRAYSPY
Volatility, 1Y 40.1%31.1%49.3% 13.6%
Downside volatility, 1Y 37.6%33.9%47.8% 14.2%
Beta vs S&P 500, 1Y 1.330.491.22 1.00
Return / volatility, 1Y 0.40-0.08-0.41 0.60
Max drawdown, 5Y -82.4%-49.8%-85.7% -25.4%
From 52-week high -19.3%-13.3%-31.3% -5.9%
52-week high $197.51$275.96$14.68 $779.14
52-week low $132.28$182.82$8.42 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALGNRMDXRAY
P/E now vs peer median 23.0xmedian 26.9x 21.5xmedian 26.9x -16.6xmedian 26.9x
P/S now vs peer median 2.7xmedian 2.9x 5.9xmedian 2.9x 0.6xmedian 2.9x
EV/EBITDA now vs peer median 11.8xmedian 17.5x 15.8xmedian 17.5x 14.1xmedian 17.5x
P/FCF now vs peer median 18.7xmedian 26.4x 20.9xmedian 26.4x 19.4xmedian 26.4x
P/B now vs peer median 2.6xmedian 2.3x 5.7xmedian 2.3x 1.5xmedian 2.3x
PEG now vs peer median 1.69median 0.88 0.98median 0.88 -1.06median 0.88

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALGNRMDXRAY
Revenue $4.16B $5.73B $3.58B
Gross profit $2.88B $3.50B $1.81B
Operating income $620.46M $1.89B -$55.00M
Net income $491.87M $1.59B -$122.00M
Free cash flow $602.50M $1.61B $103.00M
R&D $377.60M $393.82M $171.00M
EPS (diluted) $6.93 $11.11 $-0.61
Cash & equivalents $1.14B $1.01B $195.00M
Total debt – $409.60M $2.20B
Shares (diluted) 71.02M 143.41M 199.20M
Enterprise value $7.36B $28.08B $933.44M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALGNRMDXRAY
P/E 23.0x 21.5x -16.6x
P/FCF 18.7x 20.9x 19.4x
P/Operating cash flow 15.0x 19.0x 7.4x
P/S 2.7x 5.9x 0.6x
P/B 2.6x 5.7x 1.5x
P/Tangible book 2.7x 6.1x 3.7x
EV/EBITDA 11.8x 15.8x 14.1x
EV/EBIT 16.3x 17.4x -72.8x
EV/Revenue 2.4x 5.8x 1.1x
EV/FCF 16.8x 20.5x 38.9x
EV/Operating cash flow 13.5x 18.7x 14.7x
PEG (3Y EPS CAGR) 1.69 0.98 -1.06

Growth

14 metrics
MetricALGNRMDXRAY
Revenue growth (1Y) 4.4% 9.0% -1.4%
Revenue CAGR (3Y) 3.0% 9.4% -3.2%
Gross profit growth (1Y) 5.5% 11.0% -2.0%
Gross profit CAGR (3Y) 2.7% 13.2% -4.6%
Operating income growth (1Y) 16.1% 8.5% 93.1%
Operating income CAGR (3Y) 2.0% 18.2% 16.1%
Net income growth (1Y) 30.0% 10.8% 86.2%
Net income CAGR (3Y) 10.7% 20.7% 17.7%
EPS growth (1Y) 32.6% 13.5% 86.3%
EPS CAGR (3Y) 13.6% 21.8% 15.6%
Operating cash flow growth (1Y) 14.3% -6.0% 23.1%
Operating cash flow CAGR (3Y) -5.3% 23.7% -8.8%
Free cash flow growth (1Y) 6.3% -9.0% 28.8%
Free cash flow CAGR (3Y) -4.2% 25.5% -22.1%

Profitability

14 metrics
MetricALGNRMDXRAY
Gross margin 69.1% 61.1% 50.5%
EBITDA margin 20.6% 36.4% 7.9%
Operating margin 14.9% 33.0% -1.5%
Pretax margin 15.5% 35.1% -2.5%
Net margin 11.8% 27.8% -3.4%
FCF margin 14.5% 28.1% 2.9%
Operating cash flow margin 18.0% 30.9% 7.6%
Return on equity 11.5% 25.4% -9.0%
Return on assets 7.6% 18.5% -2.3%
Return on invested capital – 22.0% -1.5%
Return on capital employed 13.6% 26.1% -1.4%
Asset turnover 0.6x 0.7x 0.7x
Cash conversion (OCF / net income) 1.5x 1.1x -2.2x
Stock comp / revenue 4.1% 2.0% 0.9%

Financial Health

11 metrics
MetricALGNRMDXRAY
Debt / assets – 5.0% 42.4%
Debt / equity – 0.1x 1.6x
Net debt / EBITDA – -0.3x 7.1x
Debt / FCF – 0.3x 21.4x
Liabilities / assets 34.0% 27.6% 73.9%
Equity / assets 66.0% 72.4% 26.1%
Interest coverage – 81.1x -0.6x
Current ratio 1.4x 2.6x 1.6x
Quick ratio 1.2x 1.5x 0.7x
Cash ratio 0.6x 0.8x 0.2x
Altman Z-score 4.72 11.98 0.73

Shareholder Returns

7 metrics
MetricALGNRMDXRAY
Dividend yield – 1.0% 1.6%
Net buyback yield 2.5% 4.2% 0.7%
Shareholder yield 2.5% 5.2% 2.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALGNRMDXRAY
Forward P/E 14.6xFY2026 18.5xFY2027 6.8xFY2026
EPS, next fiscal year $10.88FY2026 $12.92FY2027 $1.48FY2026
EPS growth, next FY +3.5%FY2026 +15.7%FY2027 -7.5%FY2026
EPS growth, the year after +16.5% +8.9% +5.4%
Revenue, next fiscal year $3.84BFY2026 $5.99BFY2027 $3.68BFY2026
Revenue growth, next FY -4.7%FY2026 +6.0%FY2027 +0.0%FY2026
Revenue growth, the year after +3.3% -3.8% +1.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALGNRMDXRAY
Held by institutions 100.0% 68.7% 100.0%
Institutions holding 678 889 378
Change in shares held, QoQ +4.2% +3.2% +6.1%
Institutions buying 293 404 207
Institutions selling 268 360 116
Buyers to sellers 1.09 1.12 1.78

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALGNRMDXRAY
ALGN 1.00 0.40 0.62
RMD 0.40 1.00 0.39
XRAY 0.62 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALGN, RMD and XRAY?

Resmed (RMD) is the largest by market capitalisation: Align Technology (ALGN) $11.76B, Resmed (RMD) $33.64B, Dentsply Sirona (XRAY) $1.88B.

Which stock is cheaper, ALGN, RMD and XRAY?

Resmed (RMD) trades on the lowest price-to-earnings ratio (Align Technology (ALGN) 23.9x, Resmed (RMD) 21.1x, Dentsply Sirona (XRAY) -15.6x). On next year's consensus earnings, Dentsply Sirona (XRAY) is cheapest (Align Technology (ALGN) 14.6x, Resmed (RMD) 18.5x, Dentsply Sirona (XRAY) 6.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Resmed (RMD) grew revenue fastest over the trailing twelve months: Align Technology (ALGN) +4.4%, Resmed (RMD) +9.0%, Dentsply Sirona (XRAY) -1.4%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Align Technology (ALGN) 11.8%, Resmed (RMD) 27.8%, Dentsply Sirona (XRAY) -3.4%). On return on invested capital, Resmed (RMD) leads (Resmed (RMD) 22.0%, Dentsply Sirona (XRAY) -1.5%).

Which stock has performed better?

Over the past year Align Technology (ALGN) returned the most: Align Technology (ALGN) +16.2%, Resmed (RMD) -2.5%, Dentsply Sirona (XRAY) -20.0%. Over five years, Resmed (RMD) compounded fastest (Align Technology (ALGN) -25.4%/yr, Resmed (RMD) -1.7%/yr, Dentsply Sirona (XRAY) -29.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Resmed (RMD) has been the steadiest (Align Technology (ALGN) 40.1%, Resmed (RMD) 31.1%, Dentsply Sirona (XRAY) 49.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALGN, RMD and XRAY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Resmed (RMD) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.