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Allison Transmission

ALSN NYSE Construction Machinery & Heavy Transportation Equipment Financials FY2016–FY2025

Allison Transmission's revenue fell 6.7% to $3.0 billion in fiscal 2025. Its operating margin was 29.2%, down from 30.8% a year earlier. Free cash flow was $661 million, up 0.5%. It paid out $419 million in dividends and buybacks, 63% of free cash flow. The diluted share count fell 3.4%.

Last close · Oct 23, 2026

$106.32

3.0%
Value it Compare
Revenue Total sales reported in the income statement.
$3.0B
6.7% vs prior year
Operating margin Operating income as a share of revenue.
29.2%
1.5 pts
Net income Profit after all expenses, interest and tax.
$623M
14.8%
Free cash flow Cash from operations minus capital spending.
$661M
0.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
20.8%
4.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
16.9x
On $6.28 EPS (TTM)

What Allison Transmission does

No business description yet.

Legal name
ALLISON TRANSMISSION HOLDINGS, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001193125-26-065627
0001411207

Revenue and margins

Allison Transmission had $3.0B of revenue in fiscal 2025, down 6.7% 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 21.5% 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 $661M in fiscal 2025, 22.0% 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

Allison Transmission returned $419M to shareholders in fiscal 2025, 63% of free cash flow. The diluted share count fell 3.4%.

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

Value Allison Transmission 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 −$1.4B and divides by 85.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 16.9x · peers 16.4x · sector 26.0x.

Balance sheet

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

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $127M$232M$555M$781M$1.5B
Debt incl. finance leases $2.5B$2.5B$2.5B$2.4B$2.9B
Net debt / EBITDA 2.9x2.4x1.8x1.5x1.4x
Debt / equity 4.0x2.9x2.0x1.5x1.6x
Interest coverage 6.5x6.7x7.0x8.0x7.3x
Current ratio 1.5x1.8x2.5x3.0x4.9x
Quick ratio 1.0x1.3x1.9x2.4x4.2x
Total assets $4.5B$4.7B$5.0B$5.3B$6.1B
Total liabilities $3.8B$3.8B$3.8B$3.7B$4.2B
Shareholders' equity $634M$874M$1.2B$1.7B$1.9B
Net debt (− = net cash) $2.4B$2.3B$2.0B$1.6B$1.4B

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

$0.0M

0 insiders

Sold, 12 months

$6.0M

5 insiders

Of sales under plans

23%

$1.4M

DateInsiderTradeSharesPriceValueFiling
Aug 21, 2026 David S. GraziosiChair, President and CEO, Director Sold 26,708 $132.98 $3.6M Form 4
Aug 11, 2026 Eric C. ScrogginsCLO & Asst. Secretary Sold 1,050 $125.00 $0.1M Form 4
Aug 10, 2026 Bohley G FrederickSee Remarks Sold 3,961 $122.38 $0.5M Form 4
May 8, 2026 Scott A MellCFO & Treasurer Sold 2,270 $125.00 $0.3M Form 4
Mar 9, 2026 Eric C. ScrogginsCLO & Asst. Secretary Sold 1,313 $114.40 $0.2M Form 4
Feb 13, 2026 Bohley G FrederickAllison COO,Pres.&BU Leader AT Sold plan 10,348 $116.40 $1.2M Form 4
Dec 31, 2025 John CollSVP, Global MSS Sold plan 1,791 $98.79 $0.2M 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 9 / 97 / 96 / 9
Accruals ratio −2.3%−1.4%−3.7%
Altman Z'' 2.142.843.33

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
Allison Transmission ALSN $8.9B −6.7% 29.2% 22.0% 20.8% 16.9x 6
GATX GATX $5.9B 9.8% — — 4.0% 16.4x — Compare →
Terex TEX $5.9B 5.7% 8.8% 5.9% 9.0% — 6 Compare →
Oshkosh OSK $8.3B −2.9% 9.0% 5.9% 14.8% 14.7x 5 Compare →
Wabtec WAB $46.0B 7.5% 16.1% 13.4% 9.1% 33.8x 7 Compare →

10 years of figures

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

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.8B $2.3B $2.7B $2.7B $2.1B $2.4B $2.8B $3.0B $3.2B $3.0B
Gross profit $864M $1.1B $1.4B $1.4B $998M $1.1B $1.3B $1.5B $1.5B $1.5B
Research and development $88.0M $105M $131M $154M $147M $171M $185M $194M $200M $174M
Operating income $452M $652M $923M $892M $534M $669M $784M $919M $992M $880M
Interest expense $78.0M $124M $115M $125M $136M $103M $117M $131M $124M $120M
Pretax income $341M $527M $805M $768M $393M $572M $645M $827M $897M $804M
Income tax $126M $23.0M $166M $164M $94.0M $130M $114M $154M $166M $181M
Net income $215M $504M $639M $604M $299M $442M $531M $673M $731M $623M
Diluted EPS $1.27 $3.36 $4.78 $4.91 $2.62 $4.13 $5.53 $7.40 $8.31 $7.33
Diluted shares 0.17B 0.15B 0.13B 0.12B 0.11B 0.11B 0.10B 0.09B 0.09B 0.09B
Cash flow
Cash from operations $591M $658M $837M $847M $561M $635M $657M $784M $801M $836M
Capital expenditure $71.0M $91.0M $100M $172M $115M $175M $167M $125M $143M $175M
Free cash flow $520M $567M $737M $675M $446M $460M $490M $659M $658M $661M
Depreciation and amortization $176M $170M $164M $167M $148M $150M $155M $154M $121M $124M
Stock-based compensation $9.0M $12.0M $13.0M $13.0M $17.0M $14.0M $18.0M $22.0M $26.0M $27.0M
Acquisitions $0.0M $0.0M $0.0M $232M $0.0M $0.0M $23.0M $0.0M $0.0M $0.0M
Share buybacks $256M $885M $609M $393M $225M $513M $278M $263M $254M $328M
Dividends paid $100M $89.0M $80.0M $73.0M $78.0M $81.0M $80.0M $83.0M $87.0M $91.0M
Dividends and buybacks $356M $974M $689M $466M $303M $594M $358M $346M $341M $419M
Balance sheet
Cash and short-term investments $205M $199M $231M $192M $310M $127M $232M $555M $781M $1.5B
Total debt $2.2B $2.6B $2.5B $2.5B $2.5B $2.5B $2.5B $2.5B $2.4B $2.9B
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 $548M $632M $725M $686M $756M $671M $866M $1.3B $1.5B $2.2B
Current liabilities $342M $417M $426M $417M $373M $459M $480M $501M $506M $460M
Inventory $126M $154M $170M $199M $181M $204M $224M $276M $315M $316M
Property and equipment, net $464M $448M $466M $616M $638M $706M $763M $774M $803M $862M
Total assets $4.2B $4.2B $4.2B $4.5B $4.5B $4.5B $4.7B $5.0B $5.3B $6.1B
Total liabilities $3.1B $3.5B $3.6B $3.7B $3.7B $3.8B $3.8B $3.8B $3.7B $4.2B
Shareholders' equity $1.1B $689M $659M $781M $756M $634M $874M $1.2B $1.7B $1.9B
Margins
Gross margin 47.0% 50.0% 52.4% 51.7% 48.0% 47.7% 46.8% 48.4% 47.4% 48.6%
Operating margin 24.6% 28.8% 34.0% 33.1% 25.7% 27.9% 28.3% 30.3% 30.8% 29.2%
EBITDA margin 34.1% 36.3% 40.1% 39.3% 32.8% 34.1% 33.9% 35.4% 34.5% 33.4%
Net margin 11.7% 22.3% 23.6% 22.4% 14.4% 18.4% 19.2% 22.2% 22.7% 20.7%
FCF margin 28.3% 25.1% 27.2% 25.0% 21.4% 19.2% 17.7% 21.7% 20.4% 22.0%
Returns
Return on capital 8.9% 20.3% 24.3% 23.0% 13.3% 17.2% 20.8% 23.5% 25.0% 20.8%
Return on capital employed 11.3% 17.0% 24.3% 22.7% 13.1% 16.5% 19.2% 21.1% 21.2% 16.8%
Return on equity 19.0% 57.0% 94.8% 83.9% 38.9% 63.6% 70.4% 63.9% 50.7% 35.4%
Return on assets 5.0% 12.0% 15.1% 13.9% 6.7% 9.9% 11.6% 13.9% 14.1% 10.9%
Growth
Revenue growth −7.4% 22.9% 19.9% −0.6% −22.9% 15.4% 15.3% 9.6% 6.3% −6.7%
Net income growth 18.1% 134.4% 26.8% −5.5% −50.5% 47.8% 20.1% 26.7% 8.6% −14.8%
EPS growth 23.3% 164.6% 42.3% 2.7% −46.6% 57.6% 33.9% 33.8% 12.3% −11.8%
FCF growth −0.4% 9.0% 30.0% −8.4% −33.9% 3.1% 6.5% 34.5% −0.2% 0.5%
Share count change −4.5% −11.2% −10.7% −8.2% −7.3% −6.1% −10.3% −5.2% −3.3% −3.4%
Financial health
Net debt / EBITDA 3.2x 2.9x 2.1x 2.2x 3.3x 2.9x 2.4x 1.8x 1.5x 1.4x
Debt / equity 2.0x 3.7x 3.9x 3.3x 3.4x 4.0x 2.9x 2.0x 1.5x 1.6x
Interest coverage 5.8x 5.3x 8.0x 7.1x 3.9x 6.5x 6.7x 7.0x 8.0x 7.3x
Current ratio 1.6x 1.5x 1.7x 1.7x 2.0x 1.5x 1.8x 2.5x 3.0x 4.9x
Quick ratio 1.2x 1.2x 1.3x 1.2x 1.5x 1.0x 1.3x 1.9x 2.4x 4.2x
Capital allocation
Capex / revenue 3.9% 4.0% 3.7% 6.4% 5.5% 7.3% 6.0% 4.1% 4.4% 5.8%
Stock comp / revenue 0.5% 0.5% 0.5% 0.5% 0.8% 0.6% 0.7% 0.7% 0.8% 0.9%
Payouts / FCF 68.5% 171.8% 93.5% 69.0% 67.9% 129.1% 73.1% 52.5% 51.8% 63.4%
Quality scores
Piotroski F-score 6.0 7.0 9.0 5.0 6.0 7.0 8.0 9.0 7.0 6.0
Altman Z'' 1.0 0.8 1.3 1.3 0.9 0.7 1.3 2.1 2.8 3.3
Accruals ratio −8.7% −3.7% −4.7% −5.6% −5.9% −4.3% −2.8% −2.3% −1.4% −3.7%

Source: SEC EDGAR XBRL filings (CIK 0001411207). Data updated October 12, 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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