Allegion (ALLE) financial statements
Allegion reported revenue of $4.1B in fiscal 2025, up 6.9% a year over 9 years.
Net income was $644M and the operating margin 21.1%, against 19.4% in 2016.
Free cash flow was $686M, and the company returned $175M in dividends and $80M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Allegion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.7B | $2.9B | $2.7B | $2.9B | $3.3B | $3.7B | $3.8B | $4.1B |
| Cost of revenue | $1.2B | $1.3B | $1.6B | $1.6B | $1.5B | $1.7B | $1.9B | $2.1B | $2.1B | $2.2B |
| Gross profit | $990M | $1.1B | $1.2B | $1.3B | $1.2B | $1.2B | $1.3B | $1.6B | $1.7B | $1.8B |
| Research and development | $47M | $48M | $54M | $55M | $54M | $73M | $74M | $102M | $113M | $132M |
| Selling, general and admin | $555M | $580M | $648M | $681M | $636M | $675M | $736M | $866M | $888M | $979M |
| Operating income | $434M | $492M | $526M | $565M | $404M | $530M | $586M | $708M | $781M | $860M |
| Interest expense | $64M | $106M | $54M | $56M | $51M | $50M | $76M | $93M | $102M | $101M |
| Pre-tax income | $295M | $396M | $475M | $475M | $365M | $524M | $514M | $617M | $699M | $768M |
| Income tax | $64M | $119M | $40M | $73M | $51M | $41M | $56M | $77M | $101M | $125M |
| Net income | $229M | $273M | $435M | $402M | $314M | $483M | $458M | $540M | $598M | $644M |
| EPS (diluted) | $2.36 | $2.85 | $4.54 | $4.26 | $3.39 | $5.34 | $5.19 | $6.12 | $6.82 | $7.44 |
| Diluted shares | 97M | 96M | 96M | 94M | 93M | 90M | 88M | 88M | 88M | 87M |
| 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% | 19.2% | 19.8% | 14.8% | 18.5% | 17.9% | 19.4% | 20.7% | 21.1% |
| Net margin | 10.2% | 11.3% | 15.9% | 14.1% | 11.6% | 16.8% | 14.0% | 14.8% | 15.8% | 15.8% |
Balance sheet
Fiscal years, from Allegion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $312M | $466M | $284M | $355M | $480M | $398M | $288M | $468M | $504M | $356M |
| Receivables | $260M | $297M | $325M | $330M | $322M | $283M | $396M | $413M | $419M | $438M |
| Inventory | $221M | $240M | $280M | $270M | $283M | $380M | $479M | $438M | $423M | $519M |
| Total current assets | $829M | $1.0B | $932M | $1.0B | $1.1B | $1.1B | $1.2B | $1.4B | $1.4B | $1.4B |
| Property, plant and equipment | $227M | $252M | $277M | $291M | $295M | $284M | $309M | $358M | $385M | $445M |
| Goodwill | $717M | $761M | $883M | $873M | $819M | $804M | $1.4B | $1.4B | $1.5B | $1.9B |
| Total assets | $2.2B | $2.5B | $2.8B | $3.0B | $3.1B | $3.1B | $4.0B | $4.3B | $4.5B | $5.2B |
| Total current liabilities | $430M | $461M | $521M | $507M | $522M | $601M | $704M | $1.1B | $697M | $755M |
| Long-term debt | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $2.1B | $1.6B | $2.0B | $2.0B |
| 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 |
| Net debt | $1.2B | $1.0B | $1.2B | $1.1B | $949M | $1.0B | $1.8B | $1.5B | $1.5B | $1.6B |
Cash flow
Fiscal years, from Allegion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $378M | $347M | $458M | $488M | $490M | $489M | $460M | $601M | $675M | $784M |
| Capital spending | $42M | $49M | $49M | $66M | $47M | $45M | $64M | $84M | $92M | $98M |
| Free cash flow | $335M | $298M | $409M | $423M | $443M | $443M | $396M | $516M | $583M | $686M |
| Stock-based compensation | $17M | $16M | $20M | $20M | $21M | $23M | $24M | $26M | $28M | $30M |
| Dividends paid | $46M | $61M | $79M | $101M | $117M | $129M | $144M | $159M | $167M | $175M |
| Share buybacks (net) | -$85M | -$60M | -$67M | -$226M | -$209M | -$413M | -$61M | -$60M | -$220M | -$80M |
| Net borrowing | -$64M | $666M | -$36M | -$418M | -$200,000 | -$239M | — | — | — | — |
| Free cash flow margin | 15.0% | 12.4% | 15.0% | 14.8% | 16.3% | 15.5% | 12.1% | 14.1% | 15.5% | 16.9% |
| Dividends per share | $0.47 | $0.63 | $0.83 | $1.07 | $1.26 | $1.43 | $1.63 | $1.80 | $1.91 | $2.02 |
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Open ALLE in InvestinglyQuestions
What was Allegion's revenue in 2025?
$4.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Allegion generate?
$686M in fiscal 2025 (operating cash flow minus capital spending).
From Allegion's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.