NYSE: ALLE
Allegion
Industrials · Services-Detective, Guard & Armored Car Services
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$13.0B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $6.11B |
| FY2017, ended Dec 31, 2017 | $7.57B |
| FY2018, ended Dec 31, 2018 | $7.53B |
| FY2019, ended Dec 31, 2019 | $11.5B |
| FY2020, ended Dec 31, 2020 | $10.6B |
| FY2021, ended Dec 31, 2021 | $11.7B |
| FY2022, ended Dec 31, 2022 | $9.25B |
| FY2023, ended Dec 31, 2023 | $11.1B |
| FY2024, ended Dec 31, 2024 | $11.3B |
| FY2025, ended Dec 31, 2025 | $13.7B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $13.0B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$4.39B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.24B |
| FY2017, ended Dec 31, 2017 | $2.41B |
| FY2018, ended Dec 31, 2018 | $2.73B |
| FY2019, ended Dec 31, 2019 | $2.85B |
| FY2020, ended Dec 31, 2020 | $2.72B |
| FY2021, ended Dec 31, 2021 | $2.87B |
| FY2022, ended Dec 31, 2022 | $3.27B |
| FY2023, ended Dec 31, 2023 | $3.65B |
| FY2024, ended Dec 31, 2024 | $3.77B |
| FY2025, ended Dec 31, 2025 | $4.07B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.39B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $229M | $335M |
| FY2017, ended Dec 31, 2017 | $273M | $298M |
| FY2018, ended Dec 31, 2018 | $435M | $409M |
| FY2019, ended Dec 31, 2019 | $402M | $423M |
| FY2020, ended Dec 31, 2020 | $314M | $443M |
| FY2021, ended Dec 31, 2021 | $483M | $443M |
| FY2022, ended Dec 31, 2022 | $458M | $396M |
| FY2023, ended Dec 31, 2023 | $540M | $516M |
| FY2024, ended Dec 31, 2024 | $598M | $583M |
| FY2025, ended Dec 31, 2025 | $644M | $686M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $691M | $740M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$388M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $312M |
| FY2017, ended Dec 31, 2017 | $466M |
| FY2018, ended Dec 31, 2018 | $284M |
| FY2019, ended Dec 31, 2019 | $355M |
| FY2020, ended Dec 31, 2020 | $480M |
| FY2021, ended Dec 31, 2021 | $398M |
| FY2022, ended Dec 31, 2022 | $288M |
| FY2023, ended Dec 31, 2023 | $468M |
| FY2024, ended Dec 31, 2024 | $504M |
| FY2025, ended Dec 31, 2025 | $356M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $388M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$2.03B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.46B |
| FY2017, ended Dec 31, 2017 | $1.48B |
| FY2018, ended Dec 31, 2018 | $1.44B |
| FY2019, ended Dec 31, 2019 | $1.43B |
| FY2020, ended Dec 31, 2020 | $1.43B |
| FY2021, ended Dec 31, 2021 | $1.44B |
| FY2022, ended Dec 31, 2022 | $2.09B |
| FY2023, ended Dec 31, 2023 | $2.02B |
| FY2024, ended Dec 31, 2024 | $2.00B |
| FY2025, ended Dec 31, 2025 | $1.98B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.03B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 11.7% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.84.3M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 95.5M |
| FY2017, ended Dec 31, 2017 | 95.2M |
| FY2018, ended Dec 31, 2018 | 94.5M |
| FY2019, ended Dec 31, 2019 | 92.6M |
| FY2020, ended Dec 31, 2020 | 90.7M |
| FY2021, ended Dec 31, 2021 | 88.2M |
| FY2022, ended Dec 31, 2022 | 87.9M |
| FY2023, ended Dec 31, 2023 | 87.6M |
| FY2024, ended Dec 31, 2024 | 86.3M |
| FY2025, ended Dec 31, 2025 | 86.1M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 84.3M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $250M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $85.1M | $16.6M |
| FY2017, ended Dec 31, 2017 | $60.0M | $16.2M |
| FY2018, ended Dec 31, 2018 | $67.3M | $19.6M |
| FY2019, ended Dec 31, 2019 | $226M | $20.4M |
| FY2020, ended Dec 31, 2020 | $209M | $20.8M |
| FY2021, ended Dec 31, 2021 | $413M | $23.4M |
| FY2022, ended Dec 31, 2022 | $61.0M | $24.5M |
| FY2023, ended Dec 31, 2023 | $59.9M | $26.4M |
| FY2024, ended Dec 31, 2024 | $220M | $28.2M |
| FY2025, ended Dec 31, 2025 | $80.0M | $29.8M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $280M | $30.4M |
Revenue (TTM)
$4.39B
+10.3% YoY
Net income (TTM)
$691M
+7.9% YoY
Cash
$388M
+28.2% YoY
Total debt
$2.03B
−2.7% YoY
Valuation
At current price- Market Cap
- $15.7B
- P/E
- 22.7×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.6×
- Price / Book
- 7.2×
- EV / EBITDA
- 16.0×
Growth
Trailing 12 months- Revenue (TTM)
- $4.39B
- Revenue Growth YoY
- 10.3%
- Revenue CAGR 3Y
- 7.5%
- Revenue CAGR 5Y
- 8.4%
- EPS Growth YoY
- 8.8%
- Net Income Growth YoY
- 7.9%
Profitability
Trailing 12 months- Gross Margin
- 45.1%
- Operating Margin
- 21.5%
- Net Margin
- 15.7%
- FCF Margin
- 16.9%
- Return on Equity
- 33.6%
Earnings
Trailing 12 months- Net Income
- $691M
- EPS (diluted)
- $8.04
- EBITDA
- $1.08B
- Operating Income
- $944M
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $388M
- Total Debt
- $2.03B
- Net Debt
- $1.64B
- Total Assets
- $5.47B
- Total Liabilities
- $3.29B
- Shareholders' Equity
- $2.17B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $844M
- Capital Expenditure
- $104M
- Free Cash Flow
- $740M
Dividends and risk
Last 12 months- Dividend Yield
- 0.9%
- Dividend / Share
- $1.65
- Beta (5Y)
- 0.81
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 10.3% year over year, at $4.39B.
Note
Net margin of 15.7% over the last 12 months.
Note
Net debt of $1.64B is 1.5× EBITDA.
Strength
Turns 16.9% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 22, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K68Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 17, 2026 · Read the filing on EDGAR
- Revenue rose 7.8% to $4.07 billion and operating income rose about 10% to $859.5 million, helped by pricing, acquisitions and a small volume gain.
- Acquisitions increased sharply, with about $631.6 million spent in 2025, including German access technology maker ELATEC, compared with $147.2 million in 2024.
- Tariffs announced in 2025 were offset with price increases, though the company says future tariffs could still hurt demand and results.
- The revolving credit line was enlarged to $1.0 billion and extended to 2030, and was used to repay a term loan due in 2026.
Business momentum
Improving
“In 2025, we delivered high-single digit revenue growth compared to 2024, driven by favorable pricing and volume growth, as well as the impact from acquisitions made during the year.”
Outlook
Positive
“Demand for electronic security products has also remained strong and continues to be a long-term growth driver.”
Financial stress
Low
“we expect cash flows from operations to be sufficient to maintain a sound financial position and liquidity and to meet our financing needs for at least the next twelve months”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Operating profit grew faster than sales, lifting margin to 21.1%
“Operating margin increased to 21.1% from 20.7%”
Electronic product sales in the Americas grew at a low-double-digit rate
“Net revenues from the sale of electronic products increased by a low-double digits percent compared to 2024.”
Operating cash flow rose by $108.8 million, to $783.8 million
“Net cash provided by operating activities for the year ended December 31, 2025, increased by $108.8 million compared to 2024, driven primarily by higher net earnings and less cash used for working capital.”
Concerns
Tariffs remain a threat, with 20-25% of product costs sourced from Mexico
“We can give no assurance that the impact of any tariffs will not have a material adverse effect upon our results of operations, financial condition or liquidity”
Americas residential product sales fell on lower volumes
“products decreased by a low-single digits percent compared to the prior year, driven by lower volumes, partially offset by increased pricing.”
International sales growth came from acquisitions and currency while volumes fell
“These increases were partially offset by lower volumes.”
New risks since the previous report
AI-powered cyberattacks could become more frequent and harder to detect
“As artificial intelligence and machine learning (“AI”) technologies advance and are increasingly adopted by threat actors, the frequency, sophistication and scale of cyberattacks may increase.”
Integrating a larger wave of acquired businesses may not succeed
“We cannot provide assurance that we will be able to successfully integrate these new businesses.”
A global minimum corporate tax could raise the company's tax rate
“such guidance or legislation could result in a material increase in our effective tax rate”
Biggest risks named
- New tariffs and trade policy changes
- Economic weakness hitting construction and remodeling demand
- Inflation outpacing the company's ability to raise prices
- Technology shifts and new competitors, including AI
- Acquisition integration and cybersecurity incidents
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | +3 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 68 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 22, 2026 | Pro | |||
| 10-K | Feb 17, 2026 | 68 | Improving | None | |
| 10-K | Feb 18, 2025 | 70 | Improving | None | |
| 10-K | Feb 20, 2024 | 61 | Improving | 1 minor | |
| 10-K | Feb 22, 2023 | 64 | Improving | None | |
| 10-K | Feb 15, 2022 | 56 | Mixed | None | |
| 10-K | Feb 16, 2021 | 45 | Weakening | 1 medium1 minor | |
| 10-K | Feb 18, 2020 | 67 | Improving | 1 minor | |
| 10-K | Feb 19, 2019 | 74 | Strong improvement | None | |
| 10-K | Feb 20, 2018 | 73 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 22, 2026. View filings on SEC EDGAR