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Allegion

ALLE NYSE Building Products Financials FY2016–FY2025

Allegion's revenue rose 7.8% to $4.1 billion in fiscal 2025. Its operating margin was 21.1%, up from 20.7% a year earlier. Free cash flow was $686 million, up 17.6%. It paid out $255 million in dividends and buybacks, 37% of free cash flow. The diluted share count fell 1.1%.

Last close · Oct 23, 2026

$178.98

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$4.1B
7.8% vs prior year
Operating margin Operating income as a share of revenue.
21.1%
0.4 pts
Net income Profit after all expenses, interest and tax.
$644M
7.7%
Free cash flow Cash from operations minus capital spending.
$686M
17.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
21.5%
1.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$15.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
22.3x
On $8.04 EPS (TTM)

What Allegion does

No business description yet.

Legal name
Allegion plc
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001579241-26-000007
0001579241

Revenue and margins

Allegion had $4.1B of revenue in fiscal 2025, up 7.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 13.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $686M in fiscal 2025, 16.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Allegion returned $255M to shareholders in fiscal 2025, 37% of free cash flow. The diluted share count fell 1.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Allegion yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.6B and divides by 86.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 22.3x · peers 19.8x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Allegion can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $398M$288M$468M$504M$356M
Debt incl. finance leases $1.4B$2.1B$2.0B$2.0B$2.0B
Net debt / EBITDA 1.7x2.7x1.9x1.7x1.6x
Debt / equity 1.9x2.2x1.5x1.3x1.0x
Interest coverage 10.6x7.7x7.6x7.7x8.5x
Current ratio 1.9x1.7x1.3x2.0x1.8x
Quick ratio 1.2x1.1x0.9x1.4x1.2x
Total assets $3.1B$4.0B$4.3B$4.5B$5.2B
Total liabilities $2.3B$3.0B$3.0B$3.0B$3.2B
Shareholders' equity $759M$942M$1.3B$1.5B$2.1B
Net debt (− = net cash) $1.0B$1.8B$1.5B$1.5B$1.6B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.6M

3 insiders

Sold, 12 months

$2.6M

7 insiders

Of sales under plans

22%

$0.6M

DateInsiderTradeSharesPriceValueFiling
Aug 28, 2026 Steven MizellDirector Bought 170 $158.28 $0.0M Form 4
Aug 18, 2026 David S. IlardiPresident-Amer & SVP-Allegion Sold 549 $161.09 $0.1M Form 4
Aug 6, 2026 Vincent WenosSVP - Chief Technology Officer Sold 1,000 $168.25 $0.2M Form 4
Jul 27, 2026 Timothy P EckersleyPresident-Intl & SVP-Allegion Sold 6,417 $157.26 $1.0M Form 4
Jul 23, 2026 Michael J. WagnesSVP and CFO Sold plan 3,184 $150.98 $0.5M Form 4
Jul 23, 2026 Nickolas A. MusialVP, Controller & CAO Sold plan 687 $155.00 $0.1M Form 4
May 7, 2026 Robert C. MartensSVP-Chief Innovation & Design Sold 3,993 $137.15 $0.5M Form 4
Mar 11, 2026 Sue MainDirector Bought 2,000 $149.60 $0.3M Form 4
Feb 19, 2026 Steven MizellDirector Sold 1,000 $161.51 $0.2M Form 4
Feb 18, 2026 Steven MizellDirector Sold 400 $163.79 $0.1M Form 4
Nov 25, 2025 Lauren B PetersDirector Bought 1,600 $165.44 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 98 / 98 / 9
Accruals ratio −1.5%−1.8%−2.9%
Altman Z'' 3.194.093.99

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Allegion ALLE $15.2B 7.8% 21.1% 16.9% 21.5% 22.3x 8
A. O. Smith AOS $8.5B 0.3% 19.0% 14.3% 30.7% 17.1x 7 Compare →
Fortune Brands Innovations FBIN $5.1B −3.2% 11.6% 8.2% 7.7% 34.7x 6 Compare →
Lennox International LII $13.2B −2.7% 20.1% 12.3% 40.1% 16.7x 5 Compare →
Advanced Drainage Systems WMS $10.0B 5.0% 20.3% 18.7% 15.8% 22.5x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.2B $2.4B $2.7B $2.9B $2.7B $2.9B $3.3B $3.7B $3.8B $4.1B
Gross profit $990M $1.1B $1.2B $1.3B $1.2B $1.2B $1.3B $1.6B $1.7B $1.8B
Research and development $47.3M $48.3M $54.4M $54.7M $54.4M $73.3M $74.5M $102M $113M $132M
Operating income $434M $493M $526M $565M $404M $530M $586M $708M $781M $860M
Interest expense $64.3M $106M $54.0M $56.0M $51.1M $50.2M $75.9M $93.1M $102M $101M
Pretax income $295M $396M $475M $475M $365M $524M $515M $617M $699M $768M
Income tax $63.8M $119M $39.8M $73.1M $50.9M $40.7M $56.2M $76.6M $101M $125M
Net income $229M $273M $435M $402M $314M $483M $458M $540M $598M $644M
Diluted EPS $2.36 $2.85 $4.54 $4.26 $3.39 $5.34 $5.19 $6.12 $6.82 $7.44
Diluted shares 0.10B 0.10B 0.10B 0.09B 0.09B 0.09B 0.09B 0.09B 0.09B 0.09B
Cash flow
Cash from operations $378M $347M $458M $488M $490M $489M $460M $601M $675M $784M
Capital expenditure $42.5M $49.3M $49.1M $65.6M $47.1M $45.4M $64.0M $84.2M $92.1M $98.1M
Free cash flow $335M $298M $409M $423M $443M $443M $396M $516M $583M $686M
Depreciation and amortization $61.4M $61.6M $82.3M $78.1M $78.0M $79.2M $95.1M $109M $116M $130M
Stock-based compensation $16.6M $16.2M $19.6M $20.4M $20.8M $23.4M $24.5M $26.4M $28.2M $29.8M
Acquisitions $31.4M $20.8M $373M $4.6M $12.5M $6.5M $923M $31.7M $137M $592M
Share buybacks $85.1M $60.0M $67.3M $226M $209M $413M $61.0M $59.9M $220M $80.0M
Dividends paid $46.0M $60.9M $79.4M $101M $117M $129M $144M $159M $167M $175M
Dividends and buybacks $131M $121M $147M $327M $326M $542M $205M $219M $387M $255M
Balance sheet
Cash and short-term investments $312M $466M $284M $355M $480M $398M $288M $468M $504M $356M
Total debt $1.4B $1.4B $1.4B $1.4B $1.4B $1.4B $2.1B $2.0B $2.0B $2.0B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $829M $1.0B $932M $1.0B $1.1B $1.1B $1.2B $1.4B $1.4B $1.4B
Current liabilities $430M $461M $521M $507M $522M $601M $704M $1.1B $697M $755M
Inventory $221M $240M $280M $270M $283M $380M $479M $439M $423M $519M
Property and equipment, net $227M $252M $277M $291M $295M $284M $309M $358M $385M $445M
Total assets $2.2B $2.5B $2.8B $3.0B $3.1B $3.1B $4.0B $4.3B $4.5B $5.2B
Total liabilities $2.1B $2.1B $2.2B $2.2B $2.2B $2.3B $3.0B $3.0B $3.0B $3.2B
Shareholders' equity $113M $402M $651M $757M $829M $759M $942M $1.3B $1.5B $2.1B
Margins
Gross margin 44.2% 44.6% 43.0% 43.9% 43.3% 42.0% 40.4% 43.3% 44.2% 45.2%
Operating margin 19.4% 20.5% 19.3% 19.8% 14.8% 18.5% 17.9% 19.4% 20.7% 21.1%
EBITDA margin 22.2% 23.0% 22.3% 22.5% 17.7% 21.3% 20.8% 22.4% 23.8% 24.3%
Net margin 10.2% 11.4% 15.9% 14.1% 11.6% 16.8% 14.0% 14.8% 15.8% 15.8%
FCF margin 15.0% 12.4% 15.0% 14.8% 16.3% 15.5% 12.1% 14.1% 15.5% 16.9%
Returns
Return on capital 27.2% 26.5% 30.5% 26.5% 19.2% 27.3% 22.9% 22.1% 22.8% 21.5%
Return on capital employed 23.9% 25.3% 24.1% 23.8% 16.1% 21.2% 20.4% 21.7% 22.2% 20.8%
Return on equity — 106.2% 82.6% 57.1% 39.6% 60.8% 53.9% 47.8% 42.4% 36.1%
Return on assets 10.2% 11.4% 16.3% 13.9% 10.4% 15.8% 13.0% 13.0% 13.6% 13.3%
Growth
Revenue growth 8.2% 7.6% 13.4% 4.5% −4.7% 5.4% 14.1% 11.6% 3.3% 7.8%
Net income growth 48.9% 19.3% 59.1% −7.6% −21.8% 53.7% −5.2% 18.0% 10.6% 7.8%
EPS growth 48.4% 20.8% 59.3% −6.2% −20.4% 57.5% −2.8% 17.9% 11.4% 9.1%
FCF growth 51.0% −11.1% 37.2% 3.4% 4.9% 0.0% −10.8% 30.6% 12.9% 17.6%
Share count change 0.0% −0.9% −0.3% −1.5% −1.6% −2.5% −2.4% 0.0% −0.8% −1.1%
Financial health
Net debt / EBITDA 2.2x 1.8x 1.9x 1.7x 2.0x 1.7x 2.7x 1.9x 1.7x 1.6x
Debt / equity 12.5x 3.6x 2.2x 1.9x 1.7x 1.9x 2.2x 1.5x 1.3x 1.0x
Interest coverage 6.8x 4.7x 9.7x 10.1x 7.9x 10.6x 7.7x 7.6x 7.7x 8.5x
Current ratio 1.9x 2.2x 1.8x 2.0x 2.2x 1.9x 1.7x 1.3x 2.0x 1.8x
Quick ratio 1.4x 1.7x 1.3x 1.4x 1.7x 1.2x 1.1x 0.9x 1.4x 1.2x
Capital allocation
Capex / revenue 1.9% 2.1% 1.8% 2.3% 1.7% 1.6% 2.0% 2.3% 2.4% 2.4%
Stock comp / revenue 0.7% 0.7% 0.7% 0.7% 0.8% 0.8% 0.8% 0.7% 0.8% 0.7%
Payouts / FCF 39.1% 40.6% 35.9% 77.3% 73.6% 122.3% 51.8% 42.3% 66.4% 37.2%
Quality scores
Piotroski F-score 8.0 9.0 7.0 7.0 6.0 7.0 5.0 6.0 8.0 8.0
Altman Z'' 3.1 3.7 3.6 3.8 3.7 3.7 3.1 3.2 4.1 4.0
Accruals ratio −6.6% −3.1% −0.9% −3.0% −5.8% −0.2% −0.0% −1.5% −1.8% −2.9%

Source: SEC EDGAR XBRL filings (CIK 0001579241). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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