diff --git a/packages/grafana-data/src/types/icon.ts b/packages/grafana-data/src/types/icon.ts
index 9c978f586fd..fa51db78428 100644
--- a/packages/grafana-data/src/types/icon.ts
+++ b/packages/grafana-data/src/types/icon.ts
@@ -18,6 +18,8 @@ export const availableIconsIndex = {
   'angle-left': true,
   'angle-right': true,
   'angle-up': true,
+  'align-left': true,
+  'align-right': true,
   apps: true,
   arrow: true,
   'arrow-down': true,
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.test.tsx b/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.test.tsx
index 6641bf30c4c..b90b4353919 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.test.tsx
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.test.tsx
@@ -46,6 +46,7 @@ describe('FlameGraph', () => {
         setRangeMin={setRangeMin}
         setRangeMax={setRangeMax}
         selectedView={selectedView}
+        textAlign={'left'}
       />
     );
   };
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.tsx b/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.tsx
index 61da4958353..c2c9f5d4331 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.tsx
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraph/FlameGraph.tsx
@@ -25,7 +25,7 @@ import { CoreApp } from '@grafana/data';
 import { useStyles2 } from '@grafana/ui';
 
 import { PIXELS_PER_LEVEL } from '../../constants';
-import { SelectedView, ContextMenuData } from '../types';
+import { SelectedView, ContextMenuData, TextAlign } from '../types';
 
 import FlameGraphContextMenu from './FlameGraphContextMenu';
 import FlameGraphMetadata from './FlameGraphMetadata';
@@ -48,6 +48,7 @@ type Props = {
   setRangeMax: (range: number) => void;
   selectedView: SelectedView;
   style?: React.CSSProperties;
+  textAlign: TextAlign;
 };
 
 const FlameGraph = ({
@@ -64,6 +65,7 @@ const FlameGraph = ({
   setRangeMin,
   setRangeMax,
   selectedView,
+  textAlign,
 }: Props) => {
   const styles = useStyles2(getStyles);
   const totalTicks = data.getValue(0);
@@ -119,10 +121,21 @@ const FlameGraph = ({
       const dimensions = getRectDimensionsForLevel(data, level, levelIndex, totalTicks, rangeMin, pixelsPerTick);
       for (const rect of dimensions) {
         // Render each rectangle based on the computed dimensions
-        renderRect(ctx, rect, totalTicks, rangeMin, rangeMax, search, levelIndex, topLevelIndex, foundLabels);
+        renderRect(
+          ctx,
+          rect,
+          totalTicks,
+          rangeMin,
+          rangeMax,
+          search,
+          levelIndex,
+          topLevelIndex,
+          foundLabels,
+          textAlign
+        );
       }
     }
-  }, [data, levels, wrapperWidth, totalTicks, rangeMin, rangeMax, search, topLevelIndex, foundLabels]);
+  }, [data, levels, wrapperWidth, totalTicks, rangeMin, rangeMax, search, topLevelIndex, foundLabels, textAlign]);
 
   useEffect(() => {
     if (graphRef.current) {
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraph/rendering.ts b/public/app/plugins/panel/flamegraph/components/FlameGraph/rendering.ts
index 32793cc0f01..62cbf2e6dd2 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraph/rendering.ts
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraph/rendering.ts
@@ -8,6 +8,7 @@ import {
   LABEL_THRESHOLD,
   PIXELS_PER_LEVEL,
 } from '../../constants';
+import { TextAlign } from '../types';
 
 import { FlameGraphDataContainer, LevelItem } from './dataTransform';
 
@@ -80,7 +81,8 @@ export function renderRect(
   query: string,
   levelIndex: number,
   topLevelIndex: number,
-  foundNames: Set<string>
+  foundNames: Set<string>,
+  textAlign: TextAlign
 ) {
   if (rect.width < HIDE_THRESHOLD) {
     return;
@@ -110,18 +112,40 @@ export function renderRect(
   ctx.fill();
 
   if (!rect.collapsed && rect.width >= LABEL_THRESHOLD) {
-    ctx.save();
-    ctx.clip(); // so text does not overflow
-    ctx.fillStyle = '#222';
-    ctx.fillText(
-      `${name} (${rect.unitLabel})`,
-      Math.max(rect.x, 0) + BAR_TEXT_PADDING_LEFT,
-      rect.y + PIXELS_PER_LEVEL / 2
-    );
-    ctx.restore();
+    renderLabel(ctx, name, rect, textAlign);
   }
 }
 
+// Renders a text inside the node rectangle. It allows setting alignment of the text left or right which takes effect
+// when text is too long to fit in the rectangle.
+function renderLabel(ctx: CanvasRenderingContext2D, name: string, rect: RectData, textAlign: TextAlign) {
+  ctx.save();
+  ctx.clip(); // so text does not overflow
+  ctx.fillStyle = '#222';
+
+  // We only measure name here instead of full label because of how we deal with the units and aligning later.
+  const measure = ctx.measureText(name);
+  const spaceForTextInRect = rect.width - BAR_TEXT_PADDING_LEFT;
+
+  let label = `${name} (${rect.unitLabel})`;
+  let labelX = Math.max(rect.x, 0) + BAR_TEXT_PADDING_LEFT;
+
+  // We use the desired alignment only if there is not enough space for the text, otherwise we keep left alignment as
+  // that will already show full text.
+  if (measure.width > spaceForTextInRect) {
+    ctx.textAlign = textAlign;
+    // If aligned to the right we don't want to take the space with the unit label as the assumption is user wants to
+    // mainly see the name. This also reflects how pyro/flamegraph works.
+    if (textAlign === 'right') {
+      label = name;
+      labelX = rect.x + rect.width - BAR_TEXT_PADDING_LEFT;
+    }
+  }
+
+  ctx.fillText(label, labelX, rect.y + PIXELS_PER_LEVEL / 2);
+  ctx.restore();
+}
+
 /**
  * Returns the X position of the bar. totalTicks * rangeMin is to adjust for any current zoom. So if we zoom to a
  * section of the graph we align and shift the X coordinates accordingly.
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraphContainer.tsx b/public/app/plugins/panel/flamegraph/components/FlameGraphContainer.tsx
index ae3724c4f0b..04538da8b23 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraphContainer.tsx
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraphContainer.tsx
@@ -11,7 +11,7 @@ import FlameGraph from './FlameGraph/FlameGraph';
 import { FlameGraphDataContainer, LevelItem, nestedSetToLevels } from './FlameGraph/dataTransform';
 import FlameGraphHeader from './FlameGraphHeader';
 import FlameGraphTopTableContainer from './TopTable/FlameGraphTopTableContainer';
-import { SelectedView } from './types';
+import { SelectedView, TextAlign } from './types';
 
 type Props = {
   data?: DataFrame;
@@ -26,6 +26,8 @@ const FlameGraphContainer = (props: Props) => {
   const [search, setSearch] = useState('');
   const [selectedView, setSelectedView] = useState(SelectedView.Both);
   const [sizeRef, { width: containerWidth }] = useMeasure<HTMLDivElement>();
+  const [textAlign, setTextAlign] = useState<TextAlign>('left');
+
   const theme = useTheme2();
 
   const [dataContainer, levels] = useMemo((): [FlameGraphDataContainer, LevelItem[][]] | [undefined, undefined] => {
@@ -75,6 +77,8 @@ const FlameGraphContainer = (props: Props) => {
             selectedView={selectedView}
             setSelectedView={setSelectedView}
             containerWidth={containerWidth}
+            textAlign={textAlign}
+            onTextAlignChange={setTextAlign}
           />
 
           <div className={styles.body}>
@@ -108,6 +112,7 @@ const FlameGraphContainer = (props: Props) => {
                 setRangeMin={setRangeMin}
                 setRangeMax={setRangeMax}
                 selectedView={selectedView}
+                textAlign={textAlign}
               />
             )}
           </div>
@@ -125,7 +130,7 @@ function getStyles(theme: GrafanaTheme2) {
       flex: '1 1 0',
       flexDirection: 'column',
       minHeight: 0,
-      gap: theme.spacing(2),
+      gap: theme.spacing(1),
     }),
     body: css({
       display: 'flex',
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.test.tsx b/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.test.tsx
index b124a930a6f..2fd327ef0d4 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.test.tsx
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.test.tsx
@@ -25,6 +25,8 @@ describe('FlameGraphHeader', () => {
         selectedView={selectedView}
         setSelectedView={setSelectedView}
         containerWidth={1600}
+        onTextAlignChange={jest.fn()}
+        textAlign={'left'}
       />
     );
   };
diff --git a/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.tsx b/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.tsx
index 00a90f1a1af..ad2fc2dc23b 100644
--- a/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.tsx
+++ b/public/app/plugins/panel/flamegraph/components/FlameGraphHeader.tsx
@@ -3,14 +3,14 @@ import React, { useEffect, useState } from 'react';
 import useDebounce from 'react-use/lib/useDebounce';
 import usePrevious from 'react-use/lib/usePrevious';
 
-import { GrafanaTheme2, CoreApp } from '@grafana/data';
+import { CoreApp, GrafanaTheme2, SelectableValue } from '@grafana/data';
 import { reportInteraction } from '@grafana/runtime';
 import { Button, Input, RadioButtonGroup, useStyles2 } from '@grafana/ui';
 
 import { config } from '../../../../core/config';
 import { MIN_WIDTH_TO_SHOW_BOTH_TOPTABLE_AND_FLAMEGRAPH } from '../constants';
 
-import { SelectedView } from './types';
+import { SelectedView, TextAlign } from './types';
 
 type Props = {
   app: CoreApp;
@@ -23,6 +23,8 @@ type Props = {
   selectedView: SelectedView;
   setSelectedView: (view: SelectedView) => void;
   containerWidth: number;
+  textAlign: TextAlign;
+  onTextAlignChange: (align: TextAlign) => void;
 };
 
 const FlameGraphHeader = ({
@@ -36,19 +38,15 @@ const FlameGraphHeader = ({
   selectedView,
   setSelectedView,
   containerWidth,
+  textAlign,
+  onTextAlignChange,
 }: Props) => {
   const styles = useStyles2((theme) => getStyles(theme, app));
-
-  let viewOptions: Array<{ value: SelectedView; label: string; description: string }> = [
-    { value: SelectedView.TopTable, label: 'Top Table', description: 'Only show top table' },
-    { value: SelectedView.FlameGraph, label: 'Flame Graph', description: 'Only show flame graph' },
-  ];
-
-  if (containerWidth >= MIN_WIDTH_TO_SHOW_BOTH_TOPTABLE_AND_FLAMEGRAPH) {
-    viewOptions.push({
-      value: SelectedView.Both,
-      label: 'Both',
-      description: 'Show both the top table and flame graph',
+  function interaction(name: string, context: Record<string, string | number>) {
+    reportInteraction(`grafana_flamegraph_${name}`, {
+      app,
+      grafana_version: config.buildInfo.version,
+      ...context,
     });
   }
 
@@ -83,15 +81,23 @@ const FlameGraphHeader = ({
       </div>
 
       <div className={styles.rightContainer}>
+        <RadioButtonGroup<TextAlign>
+          size="sm"
+          disabled={selectedView === SelectedView.TopTable}
+          options={alignOptions}
+          value={textAlign}
+          onChange={(val) => {
+            interaction('text_align_selected', { align: val });
+            onTextAlignChange(val);
+          }}
+          className={styles.buttonSpacing}
+        />
         <RadioButtonGroup<SelectedView>
-          options={viewOptions}
+          size="sm"
+          options={getViewOptions(containerWidth)}
           value={selectedView}
           onChange={(view) => {
-            reportInteraction('grafana_flamegraph_view_selected', {
-              app,
-              grafana_version: config.buildInfo.version,
-              view,
-            });
+            interaction('view_selected', { view });
             setSelectedView(view);
           }}
         />
@@ -100,6 +106,28 @@ const FlameGraphHeader = ({
   );
 };
 
+const alignOptions: Array<SelectableValue<TextAlign>> = [
+  { value: 'left', description: 'Align text left', icon: 'align-left' },
+  { value: 'right', description: 'Align text right', icon: 'align-right' },
+];
+
+function getViewOptions(width: number): Array<SelectableValue<SelectedView>> {
+  let viewOptions: Array<{ value: SelectedView; label: string; description: string }> = [
+    { value: SelectedView.TopTable, label: 'Top Table', description: 'Only show top table' },
+    { value: SelectedView.FlameGraph, label: 'Flame Graph', description: 'Only show flame graph' },
+  ];
+
+  if (width >= MIN_WIDTH_TO_SHOW_BOTH_TOPTABLE_AND_FLAMEGRAPH) {
+    viewOptions.push({
+      value: SelectedView.Both,
+      label: 'Both',
+      description: 'Show both the top table and flame graph',
+    });
+  }
+
+  return viewOptions;
+}
+
 function useSearchInput(
   search: string,
   setSearch: (search: string) => void
@@ -133,9 +161,14 @@ const getStyles = (theme: GrafanaTheme2, app: CoreApp) => ({
     width: 100%;
     background: ${theme.colors.background.primary};
     top: 0;
-    height: 50px;
     z-index: ${theme.zIndex.navbarFixed};
-    ${app === CoreApp.Explore ? 'position: sticky; margin-bottom: 8px; padding-top: 9px' : ''};
+    ${app === CoreApp.Explore
+      ? css`
+          position: sticky;
+          padding-bottom: ${theme.spacing(1)};
+          padding-top: ${theme.spacing(1)};
+        `
+      : ''};
   `,
   inputContainer: css`
     float: left;
@@ -147,6 +180,9 @@ const getStyles = (theme: GrafanaTheme2, app: CoreApp) => ({
   rightContainer: css`
     float: right;
   `,
+  buttonSpacing: css`
+    margin-right: ${theme.spacing(1)};
+  `,
 });
 
 export default FlameGraphHeader;
diff --git a/public/app/plugins/panel/flamegraph/components/types.ts b/public/app/plugins/panel/flamegraph/components/types.ts
index a84b66b2fac..b13c0bc5c83 100644
--- a/public/app/plugins/panel/flamegraph/components/types.ts
+++ b/public/app/plugins/panel/flamegraph/components/types.ts
@@ -44,3 +44,5 @@ export type TopTableValue = {
   value: number;
   unitValue: string;
 };
+
+export type TextAlign = 'left' | 'right';