undamentalytics Newsletter
Sign in

Allison Transmission Holdings Inc (ALSN) stock

Add to watchlist

Add holding +

NYSE: ALSN NYSE Construction Machinery & Heavy Transportation Equipment Next results ~February 22, 2027

B+ Fundamentals grade

Allison Transmission Holdings Inc is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$290

Cash-flow model

Base case. Range ~$210–$390 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 143% above it.

Price used: $118.75, November 3, 2026

Allison Transmission Holdings Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 12 sales by directors and officers, last 12 monthsInsider trades
  • Funds249 adding, 284 cuttingOf 78 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Allison Transmission files

Where Allison Transmission stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.40bn, up 37.6% on a year earlier, faster than 14.0% a quarter earlier. Free-cash-flow margin fell to 16.7% from 20.4% a year earlier. Operating margin narrowed to 19.6% from 31.2%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $257 a share, against a share price of $109. At that price, our model says the market is pricing in about 1.1% a year of cash-flow growth for five years, slower than the 12.9% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 22, 2027 (estimated)

Allison Transmission Holdings Inc's trailing-twelve-month revenue grew 37.6% year on year, with a free-cash-flow margin of 16.7%. Where it stands out: change in growth rate of +23.6pp ranks 2 of 23 construction machinery & heavy transportation equipment companies we cover. Where it lags: long-term debt as % of assets of 47.0% ranks 18 of 18 construction machinery & heavy transportation equipment companies we cover.

Our discounted-cash-flow model values the business at ~$290 per share in the base case (~$210–$390 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 37.6% (+23.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 37.6% over the last 12 months, against a median of 10.1% for construction machinery & heavy transportation equipment companies we cover.
  • Growth speeding up. The growth rate is 23.6 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.

Things to watch

  • Margins narrowing. Operating margin is down 11.7 points on a year ago.
  • Gross margin slipping. Gross margin is down 12.0 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 47.0% ranks 18 of 18 construction machinery & heavy transportation equipment companies we cover (median 24.0%).
  • Below peers: days sales outstanding. Days sales outstanding of 76 days ranks 11 of 13 construction machinery & heavy transportation equipment companies we cover (median 50 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$2.90 against an average estimate of $2.48: beat by 17.0%
Revenue
$1.57bn, up 92.4% on a year earlier
Share reaction
+7.1% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
consolidated net sales $5,800m to $6,000m (full year 2026); consolidated net income $600m to $700m (full year 2026)
Next report
November 2, 2026; average EPS estimate $2.48

Allison Transmission's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.0%
  • 1 week+10.3%
  • 1 month+0.7%
  • This year+16.4%
  • 1 year+47.5%
  • 5 years+272.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.4B
Operating margin
19.6%
Net margin
12.0%
EPS (TTM, diluted)
$6.28

Growth

Revenue growth
+37.6%
Change in growth rate
+23.6 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$737M
FCF margin
16.7%
Stock pay % of revenue
0.7%

Earnings

Last results
November 2, 2026
Next results (est.)
February 22, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Insider trade
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Allison Transmission Holdings Inc valuation models and calculator

What the price is pricing in

The share price implies about 2.2% a year of cash-flow growth for five years.That is slower than the 12.9% a year revenue growth Allison Transmission has delivered.

  • Priced in2.2%
  • Last 12 months37.6%
  • 3 years a year14.2%
  • 5 years a year12.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($118.75, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$290
Price used
$118.75close November 3, 2026
Implied change
▲ +143%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Allison Transmission Holdings Inc's free cash flow after stock-based pay with after-tax interest added back ($817M, FY2026 Q2 TTM), growing 31.1% and 10.1% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$210–~$390 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Allison Transmission Holdings Inc's free cash flow after stock-based pay ( $817M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Allison Transmission Holdings Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$290 ~$210–$390 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$54 ~$29–$76 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$120–$190 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$100 ~$91–$120 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$170 ~$54–$290 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Allison Transmission Holdings Inc with Construction Machinery & Heavy Transportation Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −20%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $96$146$213$300$415$562
8.5% $63$99$147$210$292$396
10% $43$71$108$156$218$298

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$21.79$29.01$37.68$38.94$43.42$39.48$33.92$39.63$56.40$106.04$97.20$113.09
Market value$3.9bn$4.9bn$5.7bn$5.2bn$5.3bn$4.5bn$3.6bn$3.8bn$5.1bn$9.3bn$8.3bn$9.5bn
+ Net debt (− = net cash)$2.2bn$2.0bn$2.4bn$2.3bn$2.4bn$2.2bn$2.4bn$2.3bn$2.0bn$1.6bn$1.4bn$3.7bn
Enterprise value$6.0bn$6.9bn$8.0bn$7.5bn$7.7bn$6.7bn$6.0bn$6.1bn$7.1bn$11.0bn$9.7bn$13.3bn
Multiples
Price / sales 1.9x2.7x2.5x1.9x2.0x2.2x1.5x1.4x1.7x2.9x2.7x2.2x
Price / earnings 21.2x22.8x11.2x8.2x8.8x15.1x8.2x7.2x7.6x12.8x13.3x18.0x
Price / free cash flow 7.4x9.4x10.0x7.1x7.9x10.1x7.9x7.8x7.8x14.2x12.5x12.9x
EV / EBITDA 11.6x12.8x11.0x7.5x7.9x10.7x7.8x6.8x6.9x9.9x9.7x12.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

94 /100

Strong moat

How hard Allison Transmission's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 19.8% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 48.3%, moving by 4.1 percentage points (standard deviation) across 10 years.

  • Durability 19 / 20

    Operating margin has been a median 29.1%; its worst year was 19.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 20.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 24.6% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.95 +31% $5.9bn +97%
Next $11.26 +13% $6.2bn +4%

Next year's EPS estimate has moved +0.1% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.1% on 90 days ago. In the last 30 days, 0 analysts raised Allison Transmission Holdings Inc's forecast and 2 cut it.

Consensus EPS forecast Allison Transmission Holdings Inc, last 90 days
$9.50 $10.00 $10.50 $11.00 $11.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.93 Current fiscal year, 60 days ago: $9.97 Current fiscal year, 30 days ago: $9.97 Current fiscal year, 7 days ago: $9.96 Current fiscal year, Now: $9.95 $9.95 Next fiscal year, 90 days ago: $11.25 Next fiscal year, 60 days ago: $11.30 Next fiscal year, 30 days ago: $11.30 Next fiscal year, 7 days ago: $11.32 Next fiscal year, Now: $11.26 $11.26

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.93$11.25
60 days ago $9.97$11.30
30 days ago $9.97$11.30
7 days ago $9.96$11.32
Now $9.95$11.26

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.48 $2.90 +17.0%
Mar 2026 $2.10 $2.57 +22.7%
Dec 2025 $1.50 $1.18 −21.1%
Sept 2025 $1.85 $1.75 −5.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Consolidated net sales full year 2026 $5,800m to $6,000m Raised
    “Consolidated net sales in the range of $5,800 to $6,000 million” source
  • Consolidated net income full year 2026 $600m to $700m Raised
    “Consolidated net income in the range of $600 to $700 million, subject to the completion of purchase price accounting associated with the acquisition of the Allison Off-Highway business unit” source
  • Consolidated adjusted EBITDA full year 2026 $1,465m to $1,575m Non-GAAP Raised
    “Consolidated adjusted EBITDA in the range of $1,465 to $1,575 million” source
  • Consolidated net cash provided by operating activities full year 2026 $1,025m to $1,125m Raised
    “Consolidated net cash provided by operating activities in the range of $1,025 to $1,125 million, including approximately $55 million of one-time cash outlays associated with the acquisition of the Allison Off-Highway business unit” source
  • Consolidated capital expenditures full year 2026 $260m to $280m Raised
    “Consolidated capital expenditures in the range of $260 to $280 million, including one-time separation and integration capital expenditures of approximately $30 million” source
  • Consolidated adjusted free cash flow full year 2026 $745m to $865m Non-GAAP Raised
    “Consolidated adjusted free cash flow in the range of $745 to $865 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Allison Transmission Holdings Inc's revenue by +31.1% next year and +10.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+37.8%, weight 54%) , management guidance (+36.9%, weight 20%) and the company's own record (+13.0%, weight 26%) . How the weights are set.

Analyst recommendations

11 analysts, Nov 2026
Buy655%
Hold436%
Sell19%

Monthly trend

  1. Nov 2026154111
  2. Oct 2026135110
  3. Sep 202636110

Counts of recommendations published by analysts covering Allison Transmission Holdings Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.9%
of tradable shares
Days to cover
2.83
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
4,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +38.4%

$81.68 on October 31, 2025 to $113.09

ThenNowEffect
Revenue (last 12 months) $3.2bn $4.4bn +37.6%
Net margin 23.8% 12.0% −49.5%
P/E multiple 9.3x 18.0x +94.2%
Share count 87m 84m +2.7%

Biggest factor: net margin.

Last 3 years +123.5%

$50.61 on November 3, 2023 to $113.09

ThenNowEffect
Revenue (last 12 months) $3.0bn $4.4bn +49.1%
Net margin 21.2% 12.0% −43.2%
P/E multiple 7.5x 18.0x +139.8%
Share count 93m 84m +10.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ALSN−14%+17%+42%+88%−8%+16%
Industry peers (median)+16%−13%+28%+22%+11%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ALSN50%50%67%83%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ALSN−28%−22%−17%−12%−34%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 49% from September 21, 2018 to March 23, 2020. Getting back needed a 95% gain, reached on February 16, 2023, 1060 days after the low.

Price behaviour

52-week range
$78.44 – $135.36
From 52-week high
−16.5%
vs 50-day average
−3.6%
vs 200-day average
−4.3%
Volatility (1 year)
32%
Beta vs S&P 500
1.08

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 4 down
typical move ±6.0%
After a week
7 up, 4 down
typical move ±6.8%
After a month
7 up, 4 down
typical move ±9.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +7.1% +3.3% +8.7% +7.4%
May 4, 2026 −2.9% +0.4% −5.7% −9.1%
February 23, 2026 +2.6% −0.3% +6.8% −0.6%
October 29, 2025 +1.8% −1.1% −1.6% +8.3%
August 4, 2025 −1.4% +1.0% +0.6% +0.7%
May 1, 2025 +5.4% +2.2% +7.0% +10.9%
February 11, 2025 −12.4% −0.2% −9.1% −17.8%
October 29, 2024 +8.2% −0.1% +9.8% +19.0%
July 25, 2024 +6.2% +0.6% +5.6% +9.9%
April 25, 2024 −6.9% +0.6% −6.7% −5.0%
February 13, 2024 +11.6% −0.5% +12.8% +19.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Allison Transmission Holdings Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Allison Transmission Holdings Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Allison Transmission Holdings Inc
$2.5B $3B $3.5B $4B $4.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3B Revenue (TTM), FY23 Q4: $3B Revenue (TTM), FY24 Q1: $3.1B Revenue (TTM), FY24 Q2: $3.1B Revenue (TTM), FY24 Q3: $3.2B Revenue (TTM), FY24 Q4: $3.2B Revenue (TTM), FY25 Q1: $3.2B Revenue (TTM), FY25 Q2: $3.2B Revenue (TTM), FY25 Q3: $3.1B Revenue (TTM), FY25 Q4: $3B Revenue (TTM), FY26 Q1: $3.7B Revenue (TTM), FY26 Q2: $4.4B $4.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3B
FY23 Q4 $3B
FY24 Q1 $3.1B
FY24 Q2 $3.1B
FY24 Q3 $3.2B
FY24 Q4 $3.2B
FY25 Q1 $3.2B
FY25 Q2 $3.2B
FY25 Q3 $3.1B
FY25 Q4 $3B
FY26 Q1 $3.7B
FY26 Q2 $4.4B
Revenue growth, TTM YoY Allison Transmission Holdings Inc
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.5% Revenue growth, TTM YoY, FY23 Q4: 9.6% Revenue growth, TTM YoY, FY24 Q1: 8.8% Revenue growth, TTM YoY, FY24 Q2: 5.6% Revenue growth, TTM YoY, FY24 Q3: 7.6% Revenue growth, TTM YoY, FY24 Q4: 6.3% Revenue growth, TTM YoY, FY25 Q1: 3.9% Revenue growth, TTM YoY, FY25 Q2: 2.7% Revenue growth, TTM YoY, FY25 Q3: -4.2% Revenue growth, TTM YoY, FY25 Q4: -6.7% Revenue growth, TTM YoY, FY26 Q1: 14.0% Revenue growth, TTM YoY, FY26 Q2: 37.6% 37.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.5%
FY23 Q4 9.6%
FY24 Q1 8.8%
FY24 Q2 5.6%
FY24 Q3 7.6%
FY24 Q4 6.3%
FY25 Q1 3.9%
FY25 Q2 2.7%
FY25 Q3 -4.2%
FY25 Q4 -6.7%
FY26 Q1 14.0%
FY26 Q2 37.6%
Operating margin (TTM) Allison Transmission Holdings Inc
15% 20% 25% 30% 35% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 29.8% Operating margin (TTM), FY23 Q4: 30.3% Operating margin (TTM), FY24 Q1: 29.9% Operating margin (TTM), FY24 Q2: 30.3% Operating margin (TTM), FY24 Q3: 30.6% Operating margin (TTM), FY24 Q4: 30.8% Operating margin (TTM), FY25 Q1: 31.4% Operating margin (TTM), FY25 Q2: 31.3% Operating margin (TTM), FY25 Q3: 30.8% Operating margin (TTM), FY25 Q4: 29.2% Operating margin (TTM), FY26 Q1: 22.6% Operating margin (TTM), FY26 Q2: 19.6% 19.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 29.8%
FY23 Q4 30.3%
FY24 Q1 29.9%
FY24 Q2 30.3%
FY24 Q3 30.6%
FY24 Q4 30.8%
FY25 Q1 31.4%
FY25 Q2 31.3%
FY25 Q3 30.8%
FY25 Q4 29.2%
FY26 Q1 22.6%
FY26 Q2 19.6%
FCF margin (TTM) Allison Transmission Holdings Inc
16% 18% 20% 22% 24% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 20.3% FCF margin (TTM), FY23 Q4: 21.7% FCF margin (TTM), FY24 Q1: 21.1% FCF margin (TTM), FY24 Q2: 21.8% FCF margin (TTM), FY24 Q3: 22.1% FCF margin (TTM), FY24 Q4: 20.4% FCF margin (TTM), FY25 Q1: 20.3% FCF margin (TTM), FY25 Q2: 20.4% FCF margin (TTM), FY25 Q3: 20.5% FCF margin (TTM), FY25 Q4: 22.0% FCF margin (TTM), FY26 Q1: 16.7% FCF margin (TTM), FY26 Q2: 16.7% 16.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 20.3%
FY23 Q4 21.7%
FY24 Q1 21.1%
FY24 Q2 21.8%
FY24 Q3 22.1%
FY24 Q4 20.4%
FY25 Q1 20.3%
FY25 Q2 20.4%
FY25 Q3 20.5%
FY25 Q4 22.0%
FY26 Q1 16.7%
FY26 Q2 16.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Allison Transmission took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $3B
  2. Cost of revenue $1.5B · 51.4%
  3. Gross profit $1.5B · 48.6%
  4. Research and development $174M · 5.8%
  5. Selling, general and admin $380M · 12.6%
  6. Other operating costs $29M · 1.0%
  7. Operating income $880M · 29.2%
  8. Income tax $181M · 6.0%
  9. Interest and other $76M · 2.5%
  10. Net income $623M · 20.7%

Shares of revenue. Source: Allison Transmission's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,941 2,170 2,150 1,939 2,127 1,986 1,840 2,262 2,713 2,698 2,081 2,402 2,769 3,035 3,225 3,010 4,402
Gross profit 828 955 954 842 976 934 864 1,131 1,422 1,394 998 1,145 1,297 1,470 1,529 1,463 1,604
EBITDA 441 533 523 509 606 517 536 732 1,000 973 630 773 893 1,028 1,103 997 1,042
Operating income 342 429 420 410 512 429 452 652 923 892 534 669 784 919 992 880 861
Net income 30 103 514 165 229 182 215 504 639 604 299 442 531 673 731 623 529
Diluted EPS $0.16 $0.56 $2.76 $0.88 $1.25 $1.03 $1.27 $3.36 $4.78 $4.91 $2.62 $4.13 $5.53 $7.40 $8.31 $7.33 $6.28
Growth (year on year)
Revenue — +11.8% −0.9% −9.8% +9.7% −6.6% −7.4% +22.9% +19.9% −0.6% −22.9% +15.4% +15.3% +9.6% +6.3% −6.7% +37.6%
EBITDA — +20.7% −1.9% −2.7% +19.1% −14.7% +3.7% +36.6% +36.6% −2.7% −35.3% +22.7% +15.5% +15.1% +7.3% −9.6% −6.5%
Operating income — +25.5% −2.1% −2.5% +24.9% −16.2% +5.4% +44.2% +41.6% −3.4% −40.1% +25.3% +17.2% +17.2% +7.9% −11.3% −13.9%
Net income — — +399.2% −67.8% +38.2% −20.4% +18.1% +134.4% +26.8% −5.5% −50.5% +47.8% +20.1% +26.7% +8.6% −14.8% −30.6%
Diluted EPS — — +392.9% −68.1% +42.0% −17.6% +23.3% +164.6% +42.3% +2.7% −46.6% +57.6% +33.9% +33.8% +12.3% −11.8% −28.7%
Margins
Gross margin 42.7% 44.0% 44.4% 43.4% 45.9% 47.0% 47.0% 50.0% 52.4% 51.7% 48.0% 47.7% 46.8% 48.4% 47.4% 48.6% 36.4%
EBITDA margin 22.7% 24.6% 24.3% 26.2% 28.5% 26.0% 29.1% 32.4% 36.9% 36.1% 30.3% 32.2% 32.2% 33.9% 34.2% 33.1% 23.7%
Operating margin 17.6% 19.8% 19.5% 21.1% 24.1% 21.6% 24.6% 28.8% 34.0% 33.1% 25.7% 27.9% 28.3% 30.3% 30.8% 29.2% 19.6%
Net margin 1.5% 4.7% 23.9% 8.5% 10.7% 9.2% 11.7% 22.3% 23.6% 22.4% 14.4% 18.4% 19.2% 22.2% 22.7% 20.7% 12.0%
Free-cash-flow margin 16.2% 17.2% 17.4% 19.5% 23.9% 26.3% 28.3% 25.1% 27.2% 25.0% 21.4% 19.2% 17.7% 21.7% 20.4% 22.0% 16.7%
Cash flow
Cash from operations 389 469 498 454 573 580 591 658 837 847 561 635 657 784 801 836 939
Capital spending 74 97 124 74 64 58 71 91 100 172 115 175 167 125 143 175 202
Free cash flow 315 372 374 379 509 522 520 567 737 675 446 460 490 659 658 661 737
Stock-based pay 9 8 6 14 15 10 9 12 13 13 17 14 18 22 26 27 30
Free cash flow after stock pay 307 364 367 365 495 512 511 555 724 662 429 446 472 637 632 634 707
Balance sheet
Cash 252 314 80 185 263 252 205 199 231 192 310 127 232 555 781 1,495 399
Total debt 0 3,379 2,821 2,678 2,521 2,403 2,188 2,576 2,548 2,544 2,538 2,531 2,525 2,518 2,414 2,909 4,140
Net debt (negative = net cash) −252 3,065 2,741 2,494 2,258 2,151 1,983 2,377 2,317 2,352 2,228 2,404 2,293 1,963 1,633 1,414 3,741
Diluted shares 181m 183m 186m 188m 182m 177m 169m 150m 134m 123m 114m 107m 96m 91m 88m 85m 84m
Returned to shareholders
Dividends — — 33 77 92 106 100 89 80 73 78 81 80 83 87 91 94
Buybacks — — — 100 250 306 256 885 609 393 225 513 278 263 254 328 139
Total returned — — 33 177 341 412 356 974 689 466 303 594 358 346 341 419 233

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $8.7bn
Short-term assets $2.4bnLonger-term assets $6.3bn
What it owes, and who funded it · $8.7bn
Short-term liabilities $1.3bnLonger-term liabilities $5.4bnShareholders' equity $2.0bn
  • Short-term assets cover short-term liabilities $2.4bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.4bn short-term assets against $5.4bn of longer-dated liabilities.
  • More cash than debt $399m of cash against $4.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 207% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 395% to 207% over five years.
  • A year's operating cash flow covers at least 20% of debt $939m of operating cash flow against $4.1bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Allison Transmission Holdings Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$139M
Dividends (TTM)
$94M
Returned to shareholders
32%
of free cash flow
Buybacks, last 3 fiscal years
$845M
Diluted share count
−2.6%
year over year
Total shareholder yield
2.5%
dividends 1.0% + buybacks 1.5% of market value
Dividend payout ratio
18%
of net income paid out
R&D spending
4.5%
of revenue
Sales & admin spending
11.7%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction machinery & heavy transportation equipment
Last 12 months unless stated ALSN HY TEX FSS GBX MTW Median
Revenue, last 12 months $4.4bn $3.5bn $7.5bn $2.5bn $2.5bn $2.3bn $2.1bn
Revenue growth, last 12 months 37.6% −11.1% 40.1% 24.0% −24.0% 8.9% 10.1%
Revenue growth, 3-year average 14.2% −3.6% 13.3% 15.2% −14.5% 2.0% 4.3%
Revenue growth, latest quarter 92.4% −15.0% 58.4% 18.1% −22.2% 10.3% 17.8%
Gross margin 36.4% 15.4% 17.1% 29.1% 13.6% 18.7% 21.4%
Operating margin 19.6% −2.3% 5.7% 16.2% 5.8% 3.1% 5.9%
Operating margin, 3-year average 27.0% 2.1% 8.2% 15.7% 8.7% 2.5% 8.6%
Net margin 12.0% −3.3% 2.6% 11.7% 3.2% 0.9% 3.2%
Cash from operations / revenue 21.3% 2.2% 7.3% 15.8% 1.6% 4.8% 8.9%
Free-cash-flow margin 16.7% 0.4% 3.3% 14.3% −9.7% 3.0% 7.0%
Free-cash-flow margin, 3-year average 19.7% 1.5% 3.4% 12.0% −4.0% 0.3% 5.9%
Stock pay / revenue 0.7% 0.2% 0.9% 0.6% 0.6% 0.4% 0.6%
Change in share count −2.6% −0.2% 46.6% −0.1% −1.1% 2.3% −0.1%

Median of all 23 companies we cover in construction machinery & heavy transportation equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 construction machinery & heavy transportation equipment companies
Measure Company Peer median Rank
Revenue growth Growth 37.6% 10.1% 3 of 23
Change in growth rate Growth +23.6pp +4.6pp 2 of 23
Gross margin Profitability 36.4% 21.4% 3 of 23
Operating margin Profitability 19.6% 5.8% 2 of 21
Net margin Profitability 12.0% 3.2% 5 of 23
Free-cash-flow margin Cash generation 16.7% 7.0% 2 of 23
Stock pay as % of revenue Cash generation 0.7% 0.6% 13 of 20
Long-term debt as % of assets Balance sheet 47.0% 24.0% 18 of 18
Change in share count Balance sheet -2.6% -0.1% 4 of 21
Days sales outstanding Balance sheet 76 days 50 days 11 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
North America On Highway $1.5B 51.0% ▼ 12.1%
Service Parts Support Equipment and Other $643M 21.3% ▼ 3.0%
Outside North America On Highway $507M 16.8% ▲ 2.8%
Defense $267M 8.8% ▲ 25.9%
Global Off-Highway $53M 1.8% ▼ 49.5%
Engineering Services $10M 0.3% 0.0%
Geography
Region Revenue Share YoY
United States $2.1B 70.8% ▼ 8.3%
Other Countries $389M 12.9% ▲ 8.7%
China $138M 4.6% ▼ 19.8%
Canada $105M 3.5% ▲ 41.9%
Japan $92M 3.1% ▼ 32.4%
TR $59M 2.0% ▲ 43.9%
Mexico $53M 1.8% ▼ 27.4%
Germany $42M 1.4% ▼ 10.6%

From Allison Transmission Holdings Inc's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.6B
Institutions reporting
563
Shares held vs prior quarter
▲ 1.1%
Positions opened / closed
75 / 55

Top buyers and sellers, Q2 2026: 249 institutions bought and 284 sold ; the biggest buyer was Capital International Investors (+846K shares) and the biggest seller Fuller & Thaler Asset Management, Inc (−773K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $1.4B 12.4M 14.5% ▼ 0.3%
Vanguard Portfolio Management LLC $449M 4.0M 4.7% ▼ 4.9%
Blackrock, Inc. $448M 4.0M 4.6% ▲ 4.9%
Vanguard Capital Management LLC $422M 3.7M 4.4% ▲ 0.8%
Boston Partners $358M 3.2M 3.7% ▲ 11.2%
Fuller & Thaler Asset Management, Inc. $296M 2.6M 3.1% ▼ 22.8%
LSV Asset Management $248M 2.2M 2.6% ▲ 3.1%
Geode Capital Management, LLC $229M 2.0M 2.4% ▼ 8.0%
Renaissance Technologies LLC $219M 1.9M 2.3% ▼ 14.2%
Dimensional Fund Advisors LP $216M 1.9M 2.2% ▲ 0.8%
London Co Of Virginia $206M 1.8M 2.1% ▼ 4.2%
First Trust Advisors LP $204M 1.8M 2.1% ▼ 10.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Allison Transmission Holdings Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $6M 12 trades by 5 insiders · 23% under pre-set plans
Net ▼ $6M net selling
Insider Date Trade Shares Price Value
Graziosi David S. Chair, President and CEO August 21, 2026 Sell 4,558 $134.05 $611,000
Graziosi David S. Chair, President and CEO August 21, 2026 Sell 13,100 $132.44 $1.7M
Graziosi David S. Chair, President and CEO August 21, 2026 Sell 9,050 $133.21 $1.2M
Scroggins Eric C. CLO & Asst. Secretary August 11, 2026 Sell 1,050 $125.00 $131,250
Bohley G Frederick See Remarks August 10, 2026 Sell 3,961 $122.38 $484,747
Mell Scott A CFO & Treasurer May 8, 2026 Sell 933 $125.00 $116,625
Mell Scott A CFO & Treasurer May 8, 2026 Sell 1,337 $125.00 $167,125
Scroggins Eric C. CLO & Asst. Secretary March 9, 2026 Sell 1,313 $114.40 $150,207
Bohley G Frederick Allison COO,Pres.&BU Leader AT February 13, 2026 Sell pre-set plan 1,128 $115.41 $130,182
Bohley G Frederick Allison COO,Pres.&BU Leader AT February 13, 2026 Sell pre-set plan 4,508 $116.00 $522,928
Bohley G Frederick Allison COO,Pres.&BU Leader AT February 13, 2026 Sell pre-set plan 4,712 $117.02 $551,398
Coll John SVP, Global MSS December 31, 2025 Sell pre-set plan 1,791 $98.79 $176,933

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 22, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 3, 2026
  • May 4, 2026
  • February 23, 2026
  • October 29, 2025
  • August 4, 2025

Recent SEC filings

Data status

When each part of this page on Allison Transmission Holdings Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Allison Transmission Holdings Inc in brief

What does Allison Transmission Holdings Inc do?
Allison Transmission Holdings Inc is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.
What is Allison Transmission Holdings Inc's stock ticker?
Allison Transmission Holdings Inc trades under the ticker ALSN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Allison Transmission Holdings Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Allison Transmission Holdings Inc reported revenue of $4.4B, 37.6% higher than a year earlier, according to its SEC filings.
What is Allison Transmission Holdings Inc's free cash flow?
Allison Transmission Holdings Inc's free-cash-flow margin is 16.7% of revenue over the trailing twelve months, ranking 2 of the 23 construction machinery & heavy transportation equipment companies we cover.
What is Allison Transmission Holdings Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Allison Transmission Holdings Inc's free cash flow after stock-based pay gives ~$290 per share in the base case, and ~$210–$390 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Allison Transmission Holdings Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Vanguard Portfolio Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Allison Transmission Holdings Inc buying back stock, and does it pay a dividend?
Allison Transmission Holdings Inc spent $139M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Allison Transmission Holdings Inc's market cap?
On November 2, 2026, Allison Transmission Holdings Inc's market capitalisation was about $9.5B, with a price-to-earnings ratio of 18.0 and net debt of $3.7B. Market figures come from third-party market data and may be delayed.
Does Allison Transmission Holdings Inc pay a dividend?
Yes: Allison Transmission Holdings Inc paid $94M in dividends over the trailing twelve months, a dividend yield of 0.99% and a payout ratio of 17.8%.
How much debt does Allison Transmission Holdings Inc have?
Allison Transmission Holdings Inc's debt-to-equity ratio is 206.9%, from its latest balance sheet (395.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Allison Transmission Holdings Inc's competitors?
In our Construction Machinery & Heavy Transportation Equipment peer group, the companies closest to Allison Transmission Holdings Inc are Hyster-yale, Inc., Terex Corp, Federal Signal Corp, Greenbrier Companies Inc and Manitowoc Co Inc. The side-by-side comparison below sets their revenue, margins and growth against Allison Transmission Holdings Inc's.
Are insiders buying or selling Allison Transmission Holdings Inc stock?
Over the last 12 months, Allison Transmission Holdings Inc's directors and officers reported 0 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Allison Transmission Holdings Inc's next earnings date?
Around February 22, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Allison Transmission Holdings Inc announces its own schedule.