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ALLEAllegion

Industrials · Security Services · NYSE

Allegion plc ("Allegion," "we," "us" or "the Company") is a leading global provider of security products and solutions that keep people and assets safe and secure in the places they live, learn, work and connect. 10-K, Item 1

Employees
13,300
Headquarters
Dublin 7
CEO
John H. Stone
Next results
around Feb 16, 2027
Compare with peers → Embed
All key numbers (42, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)8.04Sales (ttm)4.4BNet income (ttm)691.1MSales growth+7.8%EPS growth+9.1%Sales Q/Q+9.6%
Free cash flow739.9MGross margin45.1%Oper. margin21.5%Net margin15.7%FCF margin16.9%ROE31.8%
ROA12.6%R&D / sales3.2%Dividend2.04Debt/Eq0.94Curr. ratio1.90Cash388.1M
Op. cash flow (ttm)844.1MEBITDA989.2MEBITDA margin24.3%Net debt1.6BQuick ratio1.27Interest cover8.51
ROIC17.1%Payout ratio27.4%Tax rate16.2%Stock pay / sales0.7%Shares out.84.3MShares Y/Y-1.1%
Book / share25.76Cash / share4.60Sales / share52.07Asset turnover0.80Inventory turns4.29Days sales out.39
Sales 3Y CAGR+7.5%Sales 5Y CAGR+8.4%EPS 3Y CAGR+12.8%EPS 5Y CAGR+17.0%Employees13,300Sales / employee330K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

ALLE against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
ALLEPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+7.8%27th of 82 · median +4.8%
Net margin
15.7%24th of 82 · median 13.0%
Return on equity
31.8%25th of 77 · median 24.9%
Free cash flow margin
16.9%24th of 79 · median 13.0%
Debt / equity (less is better)
0.9444th of 72 · median 0.72
ALLE and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
ALLE Allegion$4.4B +7.8%45.1%15.7%31.8%16.9%0.94
CPRT Copart$4.7B +0.4%-31.8%16.3%27.2%-
GNRC Generac$4.6B -2.0%39.9%6.5%10.0%9.0%0.44
FTV Fortive$4.4B +1.9%63.5%14.8%11.0%24.7%0.59
ROL Rollins, Inc.$4.0B +11.0%-13.2%37.8%16.8%0.52
PNR Pentair$4.0B +2.3%41.2%15.4%15.9%16.3%0.38

From $2.9B of sales to $483.0M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $1.2BRevenue to Cost of revenue: $1.7BGross profit to Operating profit: $530.2MGross profit to Operating expenses: $674.7MOperating profit to Net profit: $483.0MOperating profit to Tax & other: $47.2MOperating expenses to R&D: $73.3MOperating expenses to Sales, admin & other: $601.4M Revenue: $2.9B Revenue$2.9B +5% Y/Y Gross profit: $1.2B · 42% margin Gross profit$1.2B42% margin Cost of revenue: $1.7B · 58% of revenue Cost of revenue$1.7B58% of revenue Operating profit: $530.2M · 18% margin Operating profit$530.2M18% margin +31% Y/Y Operating expenses: $674.7M · 24% of revenue Operating expenses$674.7M24% of revenue Net profit: $483.0M · 17% margin Net profit$483.0M17% margin +54% Y/Y Tax & other: $47.2M · 2% of revenue Tax & other$47.2M2% of revenue R&D: $73.3M · 3% of revenue R&D$73.3M3% of revenue Sales, admin & other: $601.4M · 21% of revenue Sales, admin & other$601.4M21% of revenue

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From $3.3B of sales to $458.0M of profit

FY2022, from the 10-K income statement and revenue by product
Mechanical products to Revenue: $2.3BElectronic products to Revenue: $810.9MService to Revenue: $158.7MRevenue to Gross profit: $1.3BRevenue to Cost of revenue: $1.9BGross profit to Operating profit: $586.4MGross profit to Operating expenses: $736.0MOperating profit to Net profit: $458.0MOperating profit to Tax & other: $128.4MOperating expenses to R&D: $74.5MOperating expenses to Sales, admin & other: $661.5M Mechanical products: $2.3B · 70% Mechanical products$2.3B70% Electronic products: $810.9M · 25% Electronic products$810.9M25% Service: $158.7M · 5% Service$158.7M5% Revenue: $3.3B Revenue$3.3B +14% Y/Y Gross profit: $1.3B · 40% margin Gross profit$1.3B40% margin Cost of revenue: $1.9B · 60% of revenue Cost of revenue$1.9B60% of revenue Operating profit: $586.4M · 18% margin Operating profit$586.4M18% margin +11% Y/Y Operating expenses: $736.0M · 22% of revenue Operating expenses$736.0M22% of revenue Net profit: $458.0M · 14% margin Net profit$458.0M14% margin −5% Y/Y Tax & other: $128.4M · 4% of revenue Tax & other$128.4M4% of revenue R&D: $74.5M · 2% of revenue R&D$74.5M2% of revenue Sales, admin & other: $661.5M · 20% of revenue Sales, admin & other$661.5M20% of revenue

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From $3.7B of sales to $540.4M of profit

FY2023, from the 10-K income statement and revenue by product
Mechanical products to Revenue: $2.4BElectronic products to Revenue: $965.0MService to Revenue: $249.5MRevenue to Gross profit: $1.6BRevenue to Cost of revenue: $2.1BGross profit to Operating profit: $708.4MGross profit to Operating expenses: $873.1MOperating profit to Net profit: $540.4MOperating profit to Tax & other: $168.0MOperating expenses to R&D: $101.9MOperating expenses to Sales, admin & other: $771.2M Mechanical products: $2.4B · 67% Mechanical products$2.4B67% Electronic products: $965.0M · 26% Electronic products$965.0M26% Service: $249.5M · 7% Service$249.5M7% Revenue: $3.7B Revenue$3.7B +12% Y/Y Gross profit: $1.6B · 43% margin Gross profit$1.6B43% margin Cost of revenue: $2.1B · 57% of revenue Cost of revenue$2.1B57% of revenue Operating profit: $708.4M · 19% margin Operating profit$708.4M19% margin +21% Y/Y Operating expenses: $873.1M · 24% of revenue Operating expenses$873.1M24% of revenue Net profit: $540.4M · 15% margin Net profit$540.4M15% margin +18% Y/Y Tax & other: $168.0M · 5% of revenue Tax & other$168.0M5% of revenue R&D: $101.9M · 3% of revenue R&D$101.9M3% of revenue Sales, admin & other: $771.2M · 21% of revenue Sales, admin & other$771.2M21% of revenue

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From $3.8B of sales to $597.5M of profit

FY2024, from the 10-K income statement and revenue by product
Mechanical products to Revenue: $2.6BElectronic products to Revenue: $946.4MService to Revenue: $253.6MRevenue to Gross profit: $1.7BRevenue to Cost of revenue: $2.1BGross profit to Operating profit: $780.7MGross profit to Operating expenses: $887.8MOperating profit to Net profit: $597.5MOperating profit to Tax & other: $183.2MOperating expenses to R&D: $112.7MOperating expenses to Sales, admin & other: $775.1M Mechanical products: $2.6B · 68% Mechanical products$2.6B68% Electronic products: $946.4M · 25% Electronic products$946.4M25% Service: $253.6M · 7% Service$253.6M7% Revenue: $3.8B Revenue$3.8B +3% Y/Y Gross profit: $1.7B · 44% margin Gross profit$1.7B44% margin Cost of revenue: $2.1B · 56% of revenue Cost of revenue$2.1B56% of revenue Operating profit: $780.7M · 21% margin Operating profit$780.7M21% margin +10% Y/Y Operating expenses: $887.8M · 24% of revenue Operating expenses$887.8M24% of revenue Net profit: $597.5M · 16% margin Net profit$597.5M16% margin +11% Y/Y Tax & other: $183.2M · 5% of revenue Tax & other$183.2M5% of revenue R&D: $112.7M · 3% of revenue R&D$112.7M3% of revenue Sales, admin & other: $775.1M · 21% of revenue Sales, admin & other$775.1M21% of revenue

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From $4.1B of sales to $643.8M of profit

FY2025, from the 10-K income statement and revenue by product
Mechanical products to Revenue: $2.7BElectronic products to Revenue: $1.1BService to Revenue: $278.3MRevenue to Gross profit: $1.8BRevenue to Cost of revenue: $2.2BGross profit to Operating profit: $859.5MGross profit to Operating expenses: $978.8MOperating profit to Net profit: $643.8MOperating profit to Tax & other: $215.7MOperating expenses to R&D: $132.0MOperating expenses to Sales, admin & other: $846.8M Mechanical products: $2.7B · 67% Mechanical products$2.7B67% Electronic products: $1.1B · 26% Electronic products$1.1B26% Service: $278.3M · 7% Service$278.3M7% Revenue: $4.1B Revenue$4.1B +8% Y/Y Gross profit: $1.8B · 45% margin Gross profit$1.8B45% margin Cost of revenue: $2.2B · 55% of revenue Cost of revenue$2.2B55% of revenue Operating profit: $859.5M · 21% margin Operating profit$859.5M21% margin +10% Y/Y Operating expenses: $978.8M · 24% of revenue Operating expenses$978.8M24% of revenue Net profit: $643.8M · 16% margin Net profit$643.8M16% margin +8% Y/Y Tax & other: $215.7M · 5% of revenue Tax & other$215.7M5% of revenue R&D: $132.0M · 3% of revenue R&D$132.0M3% of revenue Sales, admin & other: $846.8M · 21% of revenue Sales, admin & other$846.8M21% of revenue

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Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 3
  • ✓
    Net margin above the peer median15.7% vs 13.0%
  • ✓
    Return on equity above 15%31.8%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 10.2% → 15.8%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 8.5× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.94 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.90
  • ✓
    Net debt under 3 years of free cash flow$1.6B net debt, 2.2 years
Debt / equity at each year end, FY2016 to FY2025: 12.92 → 0.96
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$685.7M last year
  • ✓
    Share count down over 5 years−6.7%
  • ✓
    Dividend per share up over 5 years$1.28 → $2.04
  • ✓
    Cash from operations above net income$783.8M vs $643.8M
Free cash flow, FY2016 to FY2025: 335.0M → 685.7M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Sep 30, 2026 · schedule of Dec 31, 2025
Debt: $2.0B Debt$2.0B Long-term debt: $2.0B · 100% Long-term debt$2.0B · 100% Due within a year: $300K · 0% Due within a year$300K · 0% Next 12 months: $200K · 0% Next 12 months$200K · 0% Year 2: $400.0M · 20% Year 2$400.0M · 20% Year 4: $400.0M · 20% Year 4$400.0M · 20% Year 5: $190.6M · 9% Year 5$190.6M · 9% After year 5: $1.0B · 49% After year 5$1.0B · 49%

The debt note's own lines, 2025-12-31

Line, as the company names itKindRateFixed or floatingAmount
Five Point Four One One Percent Senior Notes Due 2032 (Senior Notes)Notes and bonds5.41%not stated$600.0M
Five Point Six Zero Senior Note (Senior Notes)Notes and bonds5.60%not stated$400.0M
Three Point Five Five Percent Senior Notes Due 2027 (Senior Notes)Notes and bonds3.55%not stated$400.0M
Three Point Five Percent Senior Notes Due 2029 (Senior Notes)Notes and bonds3.50%not stated$400.0M
Other debt––not stated$200K

From the debt note in the 10-K's XBRL (0001579241-26-000007), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 4.1B Net income 643.8M
FY2016 revenue 2.2B · Revenues, 0001579241-18-000007 FY2016 net income 229.1M · NetIncomeLoss, 0001579241-19-000006 2.2B FY2016 FY2017 revenue 2.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-20-000013 FY2017 net income 273.3M · NetIncomeLoss, 0001579241-20-000013 2.4B FY2017 FY2018 revenue 2.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-21-000020 FY2018 net income 434.9M · NetIncomeLoss, 0001579241-21-000020 2.7B FY2018 FY2019 revenue 2.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-22-000019 FY2019 net income 401.8M · NetIncomeLoss, 0001579241-22-000019 2.9B FY2019 FY2020 revenue 2.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-23-000006 FY2020 net income 314.3M · NetIncomeLoss, 0001579241-23-000006 2.7B FY2020 FY2021 revenue 2.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-24-000006 FY2021 net income 483.0M · NetIncomeLoss, 0001579241-24-000006 2.9B FY2021 FY2022 revenue 3.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-25-000008 FY2022 net income 458.0M · NetIncomeLoss, 0001579241-25-000008 3.3B FY2022 FY2023 revenue 3.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-26-000007 FY2023 net income 540.4M · NetIncomeLoss, 0001579241-26-000007 3.7B FY2023 FY2024 revenue 3.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-26-000007 FY2024 net income 597.5M · NetIncomeLoss, 0001579241-26-000007 3.8B FY2024 FY2025 revenue 4.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001579241-26-000007 FY2025 net income 643.8M · NetIncomeLoss, 0001579241-26-000007 4.1B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

ALLE's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue4.1B
FY2016: 2.2BFY2017: 2.4BFY2018: 2.7BFY2019: 2.9BFY2020: 2.7BFY2021: 2.9BFY2022: 3.3BFY2023: 3.7BFY2024: 3.8BFY2025: 4.1B FY2017FY2019FY2021FY2023FY2025
Net income643.8M
FY2016: 229.1MFY2017: 273.3MFY2018: 434.9MFY2019: 401.8MFY2020: 314.3MFY2021: 483.0MFY2022: 458.0MFY2023: 540.4MFY2024: 597.5MFY2025: 643.8M FY2017FY2019FY2021FY2023FY2025
Free cash flow685.7M
FY2016: 335.0MFY2017: 297.9MFY2018: 408.7MFY2019: 422.6MFY2020: 443.2MFY2021: 443.2MFY2022: 395.5MFY2023: 516.4MFY2024: 582.9MFY2025: 685.7M FY2017FY2019FY2021FY2023FY2025
EPS (diluted)7.44
FY2016: 2.36FY2017: 2.85FY2018: 4.54FY2019: 4.26FY2020: 3.39FY2021: 5.34FY2022: 5.19FY2023: 6.12FY2024: 6.82FY2025: 7.44 FY2017FY2019FY2021FY2023FY2025
Dividend per share2.04
FY2016: 0.48FY2017: 0.64FY2018: 0.84FY2019: 1.08FY2020: 1.28FY2021: 1.44FY2022: 1.64FY2023: 1.80FY2024: 1.92FY2025: 2.04 FY2017FY2019FY2021FY2023FY2025
Diluted shares86.6M
FY2016: 96.9MFY2017: 96.0MFY2018: 95.7MFY2019: 94.3MFY2020: 92.8MFY2021: 90.5MFY2022: 88.3MFY2023: 88.3MFY2024: 87.6MFY2025: 86.6M FY2017FY2019FY2021FY2023FY2025

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
Allegion Americas 3.2B79.1% +6.9%
Allegion International 848.5M20.9% +11.7%

10-K 0001579241-26-000007, segment and revenue notes (XBRL).

Revenue by product or service

year to Dec 31, 2025
RevenueSharevs year before
Mechanical products 2.7B66.7% +5.5%
Electronic products 1.1B26.4% +13.6%
Service 278.3M6.8% +9.7%

10-K 0001579241-26-000007, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
U.S. 3.0B75.0% +6.7%
Non-U.S. 1.0B25.0% +11.4%

10-K 0001579241-26-000007, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2.2B2.4B2.7B2.9B2.7B2.9B3.3B3.7B3.8B4.1B
Cost of revenue1.2B1.3B1.6B1.6B1.5B1.7B1.9B2.1B2.1B2.2B
R&D47.3M48.3M54.4M54.7M54.4M73.3M74.5M101.9M112.7M132.0M
SG&A555.4M580.4M647.5M681.3M635.7M674.7M736.0M865.6M887.8M978.8M
Operating income434.3M492.5M525.8M565.1M403.5M530.2M586.4M708.4M780.7M859.5M
Interest expense64.3M105.7M54.0M56.0M51.1M50.2M75.9M93.1M102.0M101.0M
Pretax income295.0M395.7M475.2M475.2M365.4M524.0M514.5M617.2M698.8M768.4M
Income tax63.8M119.0M39.8M73.1M50.9M40.7M56.2M76.6M101.3M124.6M
Net income229.1M273.3M434.9M401.8M314.3M483.0M458.0M540.4M597.5M643.8M
EPS (diluted)2.362.854.544.263.395.345.196.126.827.44
Diluted shares96.9M96.0M95.7M94.3M92.8M90.5M88.3M88.3M87.6M86.6M
Depreciation & amortization61.4M61.6M82.3M78.1M78.0M79.2M95.1M109.0M116.2M129.7M
EBITDA495.7M554.1M608.1M643.2M481.5M609.4M681.5M817.4M896.9M989.2M
Operating margin19.4%20.5%19.2%19.8%14.8%18.5%17.9%19.4%20.7%21.1%
Net margin10.2%11.3%15.9%14.1%11.6%16.8%14.0%14.8%15.8%15.8%
Revenue growth-+7.6%+13.4%+4.5%-4.7%+5.4%+14.1%+11.6%+3.3%+7.8%
EPS growth-+20.8%+59.3%-6.2%-20.4%+57.5%-2.8%+17.9%+11.4%+9.1%

Cash flow

From EDGAR

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)16.6M16.2M19.6M20.4M20.8M23.4M24.5M26.4M28.2M29.8M
Stock-based pay / revenue0.7%0.7%0.7%0.7%0.8%0.8%0.7%0.7%0.7%0.7%
Operating lease cash paid---35.1M34.0M36.5M39.3M44.0M48.3M50.5M
Right-of-use assets---81.4M92.0M89.9M98.1M148.1M147.7M166.4M
Operating lease liabilities---81.4M93.9M92.4M101.3M151.0M151.2M170.2M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on ALLE in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ALLE/export.csv") into a cell.