Allegion plc

ALLE · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Valuation
Market cap	$13,698	$11,360	$11,122	$9,247	$11,879	$10,439	$11,171	$7,150	$7,136	$5,741	$5,913	$5,330	$4,242	–	–
Enterprise value	$15,621	$13,007	$12,669	$11,056	$12,927	$11,391	$12,246	$8,314	$8,151	$6,895	$7,240	$6,327	$5,390	–	–
P/E (TTM) at period end	21.28×	19.01×	20.58×	20.19×	24.59×	33.21×	27.80×	16.44×	26.11×	25.06×	38.42×	30.42×	131.34×	–	–
P/S (TTM) at period end	3.37×	3.01×	3.05×	2.83×	4.14×	3.84×	3.91×	2.62×	2.96×	2.57×	2.86×	2.52×	2.05×	–	–
P/B at period end	6.63×	7.57×	8.44×	9.82×	15.65×	12.59×	14.75×	10.98×	17.77×	50.67×	230.97×	–	–	–	–
EV / EBITDA (TTM)	15.74×	14.46×	15.45×	16.16×	21.08×	23.51×	18.90×	13.58×	14.57×	13.76×	17.58×	16.87×	18.81×	–	–
EV / Sales (TTM)	3.84×	3.45×	3.47×	3.38×	4.51×	4.19×	4.29×	3.04×	3.38×	3.08×	3.50×	2.99×	2.60×	–	–
Returns
Return on equity	31.1%	39.8%	41.0%	48.6%	63.6%	37.9%	53.0%	66.8%	68.1%	202.2%	601.2%	–	–	16.4%	–
Return on invested capital	18.0%	21.2%	21.7%	19.0%	27.1%	19.5%	26.1%	26.5%	24.3%	26.8%	19.6%	22.5%	4.8%	21.7%	21.3%
Dividend yield	1.3%	1.5%	1.4%	1.6%	1.1%	1.1%	0.9%	1.1%	0.9%	0.8%	0.6%	0.6%	–	–	–
Financial health
Current ratio	1.84×	2.04×	1.26×	1.73×	1.86×	2.20×	1.98×	1.79×	2.24×	1.93×	1.64×	1.88×	1.93×	2.38×	–
Debt / equity	0.96×	1.33×	1.53×	2.22×	1.90×	1.72×	1.89×	2.22×	3.68×	12.92×	59.50×	(263.46×)	(20.33×)	0.00×	–
Effective tax rate	16.2%	14.5%	12.4%	10.9%	7.8%	13.9%	15.4%	8.4%	30.1%	21.6%	26.1%	31.4%	78.3%	37.3%	36.0%
Share count
Diluted shares outstanding	87	88	88	88	90	93	94	96	96	97	97	97	96	96	96

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue and gross profit
Revenue	$4,391	$4,067	$3,772	$3,651	$3,272	$2,867	$2,720	$2,854	$2,732	$2,408	$2,238	$2,068	$2,118	$2,070	$2,023	$2,021
Cost of revenue	($2,411)	($2,229)	($2,104)	($2,069)	($1,950)	($1,662)	($1,541)	($1,602)	($1,558)	($1,335)	($1,248)	($1,199)	($1,265)	($1,208)	($1,198)	($1,211)
Gross profit	$1,980	$1,838	$1,668	$1,582	$1,322	$1,205	$1,179	$1,252	$1,173	$1,073	$990	$869	$854	$862	$826	$810
Operating expenses
Research and development	–	($132)	($113)	($102)	($74)	($73)	($54)	($55)	($54)	($48)	($47)	($45)	($43)	($40)	($38)	–
Selling, general and administrative	($1,036)	($979)	($888)	($866)	($736)	($675)	($636)	($681)	($648)	($580)	($555)	($510)	($527)	($483)	($454)	($451)
Total operating expenses	($1,036)	($979)	($888)	($873)	($736)	($675)	($775)	($687)	($648)	($580)	($555)	($510)	($527)	($621)	($454)	($451)
Total costs and expenses	($3,447)	($3,208)	($2,992)	($2,942)	($2,686)	($2,337)	($2,316)	($2,289)	($2,206)	($1,916)	($1,804)	($1,710)	($1,792)	($1,829)	($1,652)	($1,662)
Operating income	$944	$860	$781	$708	$586	$530	$404	$565	$526	$492	$434	$359	$326	$241	$371	$359
Earnings
EBITDA	$1,086	$993	$900	$820	$684	$613	$484	$648	$612	$559	$501	$412	$375	$286	$425	$405
Interest income	$8	$12	$20	$7	$1	$0	$1	$2	$1	$1	$2	$2	$1	$1	($0)	$0
Interest expense	($98)	($101)	($102)	($93)	($76)	($50)	($51)	($56)	($54)	($106)	($64)	($53)	($54)	($10)	($2)	($1)
Pre-tax income	$851	$768	$699	$617	$514	$524	$365	$475	$475	$396	$295	$209	$268	$223	$367	$362
Income tax expense	($160)	($125)	($101)	($77)	($56)	($41)	($51)	($73)	($40)	($119)	($64)	($55)	($84)	($175)	($137)	($130)
Net income	$691	$644	$598	$540	$458	$483	$314	$402	$435	$273	$229	$154	$175	$32	$220	$218
Per share
Diluted EPS (GAAP)	$8.03	$7.44	$6.82	$6.12	$5.19	$5.34	$3.39	$4.26	$4.54	$2.85	$2.36	$1.59	$1.80	$0.34	$2.29	$2.27
Basic EPS (GAAP)	$8.07	$7.48	$6.85	$6.15	$5.20	$5.37	$3.41	$4.29	$4.58	$2.87	$2.39	$1.60	$1.82	$0.34	$2.29	$2.27
Basic shares outstanding	86	86	87	88	88	90	92	94	95	95	96	96	96	96	96	96
Margins
Gross margin	45.1%	45.2%	44.2%	43.3%	40.4%	42.0%	43.3%	43.9%	43.0%	44.6%	44.2%	42.0%	40.3%	41.6%	40.8%	40.1%
Operating margin	21.5%	21.1%	20.7%	19.4%	17.9%	18.5%	14.8%	19.8%	19.2%	20.5%	19.4%	17.3%	15.4%	11.6%	18.4%	17.8%
Net margin	15.7%	15.8%	15.8%	14.8%	14.0%	16.8%	11.6%	14.1%	15.9%	11.3%	10.2%	7.4%	8.3%	1.6%	10.9%	10.8%

Analyst consensus

Hold23 analysts

Bearish · 0 · Hold · 15 · Bullish · 8

Earnings history

	EPS	Estimate
Q4 2024	$1.86	$1.75	Beat
Q1 2025	$1.86	$1.67	Beat
Q2 2025	$2.04	$1.99	Beat
Q3 2025	$2.30	$2.21	Beat
Q4 2025	$1.94	$2.01	Miss
Q1 2026	$1.80	$1.90	Miss
Q2 2026	$2.40	$2.22	Beat
Q3 2026	$2.60	$2.50	Beat

Peers

Company overview

IPO dateNov 18, 2013

CEOJohn H. Stone

Employees13,300

SectorIndustrials

IndustrySecurity & Protection Services

CountryIE

ExchangeNew York Stock Exchange

Websitewww.allegion.com

Allegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design and installation offerings. In addition, the company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, retail, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, online and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is based in Dublin, Ireland.

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