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Align Technology vs MSA Safety: revenue, profit, margins and growth compared

Align Technology brought in $4B of revenue in fiscal 2025, MSA Safety $1.9B in fiscal 2025. Revenue changed by +0.9% at Align Technology and +3.7% at MSA Safety on the year before, so MSA Safety grew faster. Align Technology kept 10.2% of its revenue as net profit, MSA Safety 14.9%. Free cash flow was $490.8M at Align Technology and $295.4M at MSA Safety.

Side by side, latest fiscal year

ALGNMSA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4B$1.9B
Revenue growth+0.9%+3.7%
Net income$410.4M$278.9M
Net margin10.2%14.9%
Free cash flow$490.8M$295.4M
Free cash flow margin12.2%15.8%
Earnings per share (diluted)$5.65$7.09
Cash$1.1B$165.1M
Debtn/a$580.9M
Price to earnings30.824.7
Market value$12.4B$6.8B
Dividend yieldn/a1.20%
Rank by revenue in sector#76 of 751 · Health care#120 of 751 · Health care

Over the years

Revenue
ALGN FY2018: $2BALGN FY2019: $2.4BALGN FY2020: $2.5BALGN FY2021: $4BALGN FY2022: $3.7BALGN FY2023: $3.9BALGN FY2024: $4BALGN FY2025: $4BMSA FY2018: $1.4BMSA FY2019: $1.4BMSA FY2020: $1.3BMSA FY2021: $1.4BMSA FY2022: $1.5BMSA FY2023: $1.8BMSA FY2024: $1.8BMSA FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
ALGN $4BMSA $1.9B
Net income
ALGN FY2018: $400.2MALGN FY2019: $442.8MALGN FY2020: $1.8BALGN FY2021: $772MALGN FY2022: $361.6MALGN FY2023: $445.1MALGN FY2024: $421.4MALGN FY2025: $410.4MMSA FY2018: $124.2MMSA FY2019: $138MMSA FY2020: $124.1MMSA FY2021: $21.3MMSA FY2022: $179.6MMSA FY2023: $58.6MMSA FY2024: $285MMSA FY2025: $278.9MFY18FY19FY20FY21FY22FY23FY24FY25
ALGN $410.4MMSA $278.9M
Net margin
ALGN FY2018: 20.4%ALGN FY2019: 18.4%ALGN FY2020: 71.8%ALGN FY2021: 19.5%ALGN FY2022: 9.7%ALGN FY2023: 11.5%ALGN FY2024: 10.5%ALGN FY2025: 10.2%MSA FY2018: 9.1%MSA FY2019: 9.8%MSA FY2020: 9.2%MSA FY2021: 1.5%MSA FY2022: 11.8%MSA FY2023: 3.3%MSA FY2024: 15.8%MSA FY2025: 14.9%FY18FY19FY20FY21FY22FY23FY24FY25
ALGN 10.2%MSA 14.9%
Revenue growth
ALGN FY2019: +22.4%ALGN FY2020: +2.7%ALGN FY2021: +59.9%ALGN FY2022: -5.5%ALGN FY2023: +3.4%ALGN FY2024: +3.5%ALGN FY2025: +0.9%MSA FY2019: +3.2%MSA FY2020: -3.8%MSA FY2021: +3.9%MSA FY2022: +9.1%MSA FY2023: +17.0%MSA FY2024: +1.1%MSA FY2025: +3.7%FY19FY20FY21FY22FY23FY24FY25
ALGN +0.9%MSA +3.7%
Free cash flow
ALGN FY2018: $331.4MALGN FY2019: $597.6MALGN FY2020: $507.3MALGN FY2021: $771.4MALGN FY2022: $276.8MALGN FY2023: $608.1MALGN FY2024: $622.7MALGN FY2025: $490.8MMSA FY2018: $229.9MMSA FY2019: $128.4MMSA FY2020: $157.7MMSA FY2021: $155.3MMSA FY2022: $114.9MMSA FY2023: $50.1MMSA FY2024: $242.2MMSA FY2025: $295.4MFY18FY19FY20FY21FY22FY23FY24FY25
ALGN $490.8MMSA $295.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Align Technology and MSA Safety

Which is bigger by revenue, Align Technology or MSA Safety?

Align Technology is bigger by revenue: $4B in fiscal 2025, against $1.9B for MSA Safety in fiscal 2025.

Which keeps more of its revenue as profit, Align Technology or MSA Safety?

Align Technology had a net margin of 10.2% in fiscal 2025; MSA Safety had 14.9% in fiscal 2025.

Which grew revenue faster, Align Technology or MSA Safety?

In their latest fiscal years revenue changed by +0.9% at Align Technology and +3.7% at MSA Safety.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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