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Allegion (ALLE) stock

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NYSE: ALLE NYSE Building Products Next results ~January 21, 2027

B Fundamentals grade

Allegion is a security and access-control company whose products are fitted to doors and entrances in homes, offices and institutions. Its range covers mechanical and electronic locks, door closers, automatic entrance doors, exit (panic) hardware, and portable locks. It also provides software, including cloud-based access-control and workforce-management services, and maintains automatic doors. More than 40 brands sit under the group, among them Schlage, Von Duprin, LCN, CISA and SimonsVoss.

Most sales run through wholesalers, distributors, e-commerce platforms and retailers such as DIY home-improvement centres, though some businesses sell directly to end-users. Customers range across education, healthcare, government, hospitality, retail, offices and single- and multi-family housing. In 2025 its ten largest customers accounted for about 26% of net revenues.

It operates through two segments, Allegion Americas and Allegion International, running 37 production sites and selling across North America, Europe, Asia and Oceania, with around 13,300 employees at the end of 2025. Incorporated in Ireland, it was spun off from Ingersoll Rand as a public company in December 2013; several brands are over a century old, Von Duprin patenting the first exit device in 1908.

Based on Allegion's 10-K filed February 17, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$200

Cash-flow model

Base case. Range ~$140–$270 across our lower- and higher-growth cases (3.5%–13.5% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 2% below our base value.

Price used: $191.73, November 2, 2026

Allegion 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.

  • Insiders3 buying, 8 selling5 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
  • Funds324 adding, 366 cuttingOf 60 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Allegion files

10-Q filed October 22: Allegion

Model value +11.0%

Revenue for the twelve months to September 2026 reached $4.39bn, up 10.3% on a year earlier and broadly in line with the pace set a quarter before. Free-cash-flow margin held steady at 16.9%. Despite that, the fundamentals grade slips from B to C+. Our model value rises from $172 to $191 a share, set against a share price of $177. The rating stays Hold. At the current price, our model implies the market is pricing in roughly 6.4% annual cash-flow growth over five years. That falls short of the 8.9% a year revenue growth already delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Allegion stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.29bn, up 10.6% on a year earlier, faster than 8.9% a quarter earlier. Free-cash-flow margin fell to 15.6% from 17.6% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $157 a share, against a share price of $156. At that price, our model says the market is pricing in about 8.3% a year of cash-flow growth for five years, close to the 8.4% a year revenue growth it has delivered.

10-Q on SEC EDGAR

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 ~January 21, 2027 (estimated)

Allegion's trailing-twelve-month revenue grew 10.3% year on year, with a free-cash-flow margin of 16.9%. Where it stands out: net margin of 15.7% ranks 3 of 46 building products companies we cover. Where it lags: long-term debt as % of assets of 37.2% ranks 30 of 37 building products companies we cover.

Our discounted-cash-flow model values the business at ~$200 per share in the base case (~$140–$270 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 16.9% is in the 88th percentile of its own history.

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

Nothing in Allegion's latest figures clears our strength thresholds.

Things to watch

  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 37.2% ranks 30 of 37 building products companies we cover (median 25.7%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$2.60 against an average estimate of $2.51: beat by 3.7%
Revenue
$1.17bn, up 9.6% on a year earlier
Share reaction
+12.6% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
full-year 2026 reported revenue growth outlook growth 9.5% to 10.5% (full-year 2026); full-year 2026 organic revenue growth outlook growth 5% to 6% (full-year 2026)
Next report
October 22, 2026; average EPS estimate $2.32

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

Price chart

  • 1 day+2.8%
  • 1 week+7.6%
  • 1 month+24.3%
  • This year+21.8%
  • 1 year+17.0%
  • 5 years+58.7%
  • S&P 500 this year+11.2%

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

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.4B
Operating margin
21.5%
Net margin
15.7%
EPS (TTM, diluted)
$8.02

Growth

Revenue growth
+10.3%
Change in growth rate
−0.3 pts
Share count change
−0.6%

Cash

Free cash flow (TTM)
$740M
FCF margin
16.9%
Stock pay % of revenue
0.7%

Earnings

Last results
October 22, 2026
Next results (est.)
January 21, 2027

News & updates

Updated October 31, 2026

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

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

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

Allegion valuation models and calculator

What the price is pricing in

The share price implies about 7.3% a year of cash-flow growth for five years.That is close to the 8.9% a year revenue growth Allegion has delivered.

  • Priced in7.3%
  • Last 12 months10.3%
  • 3 years a year6.7%
  • 5 years a year8.9%

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 ($189.13, 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
Hold12-month view
12-month price target
~$200
Price used
$189.13close November 3, 2026
Implied change
▲ +4%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Allegion's free cash flow after stock-based pay with after-tax interest added back ($781M, FY2026 Q3 TTM), growing 6.9% and 7.5% in the next two years (forecasts, guidance and its record), then back to 8.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$270 ; 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 Allegion's free cash flow after stock-based pay ( $781M, FY2026 Q3 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 Allegion as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 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. ~$200 ~$140–$270 Primary model, counts double
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. ~$160 ~$140–$210 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. ~$110 ~$92–$130 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. ~$160 ~$110–$200 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Allegion with Building Products 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 ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $114$162$225$309$418$558
8.5% $83$117$163$223$300$400
10% $64$91$126$172$231$306

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$58.21$56.93$71.34$72.18$113.96$107.80$124.03$100.14$122.49$128.19$157.41$191.73
Market value$5.6bn$5.5bn$6.8bn$6.9bn$10.7bn$10.0bn$11.2bn$8.8bn$10.8bn$11.2bn$13.6bn$16.5bn
+ Net debt (− = net cash)$1.3bn$1.2bn$1.0bn$1.2bn$1.1bn$959m$1.1bn$1.8bn$1.6bn$1.5bn$1.6bn$1.7bn
Enterprise value$7.0bn$6.7bn$7.9bn$8.1bn$11.8bn$11.0bn$12.3bn$10.7bn$12.4bn$12.7bn$15.3bn$18.2bn
Multiples
Price / sales 2.7x2.5x2.8x2.5x3.8x3.7x3.9x2.7x3.0x3.0x3.4x3.8x
Price / earnings 36.6x24.1x25.1x15.9x26.7x31.8x23.2x19.3x20.0x18.8x21.2x23.9x
Price / free cash flow 25.4x16.5x23.0x16.9x25.4x22.6x25.3x22.4x20.9x19.3x19.9x22.3x
EV / EBITDA 17.1x13.5x14.2x13.3x18.4x22.8x20.1x15.6x15.1x14.2x15.4x16.8x

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

82 /100

Strong moat

How hard Allegion'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 17.3% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 43.5%, moving by 1.3 percentage points (standard deviation) across 10 years.

  • Durability 16 / 20

    Operating margin has been a median 19.7%; its worst year was 15.8%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 10 of 10 years, at a median 15.2% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 5.5% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (87 before it).

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 $9.11 +12% $4.5bn +10%
Next $10.08 +11% $4.7bn +6%

Next year's EPS estimate has moved +3.8% in 90 days, across 11 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.51 $2.60 +3.7%
Jun 2026 $2.22 $2.40 +8.3%
Mar 2026 $1.90 $1.80 −5.1%
Dec 2025 $1.98 $1.94 −2.0%

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

Management guidance

Earnings release, October 22, 2026
  • full-year 2026 reported revenue growth outlook full-year 2026 9.5% growth to 10.5% growth GAAP Raised
    “The company is raising its full-year 2026 reported revenue growth outlook to a range of 9.5% to 10.5% and is raising its organic growth outlook to a range of 5.0% to 6.0%, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements.” source
  • full-year 2026 organic revenue growth outlook full-year 2026 5% growth to 6% growth Non-GAAP Raised
    “The company is raising its full-year 2026 reported revenue growth outlook to a range of 9.5% to 10.5% and is raising its organic growth outlook to a range of 5.0% to 6.0%, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements.” source
  • full-year 2026 adjusted EPS full-year 2026 $9.05 to $9.10 Non-GAAP Raised
    “The company is raising the outlook for full-year 2026 adjusted EPS to be in the range of $9.05 to $9.10.” source
  • full-year 2026 reported EPS full-year 2026 $8.35 to $8.40 GAAP Raised vs 7.95 to 8.1
    “The company is updating the outlook for full-year 2026 reported EPS and expects it to be in the range of $8.35 to $8.40.” source
  • full-year adjusted effective tax rate full-year 2026 18% to 19% Non-GAAP Maintained
    “The outlook continues to assume a full-year adjusted effective tax rate of approximately 18% to 19%.” source
  • average diluted share count full-year 2026 about 85.6m Lowered vs about 85.9m
    “The outlook assumes an average diluted share count for the full year of approximately 85.6 million shares.” source
Show 1 more item
  • full-year available cash flow (as % of adjusted net income) full-year 2026 85% to 95% Non-GAAP Maintained
    “The company continues to expect full-year available cash flow to be 85% to 95% of adjusted net income.” 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 Allegion's revenue by +6.9% next year and +7.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.3%, weight 54%) , management guidance (+6.2%, weight 20%) and the company's own record (+8.5%, weight 26%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy764%
Hold436%
Sell00%

Monthly trend

  1. Oct 202616411
  2. Sep 20265611
  3. Aug 20264711
  4. Jul 20264711

Counts of recommendations published by analysts covering Allegion, 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
3.1%
of tradable shares
Days to cover
2.44
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.2%
of shares
Employees
13,300
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 +17.0%

$163.88 on October 31, 2025 to $191.73

ThenNowEffect
Revenue (last 12 months) $3.9bn $4.3bn +10.6%
Net margin 16.2% 15.4% −4.9%
P/E multiple 22.7x 25.2x +10.7%
Share count 87m 86m +0.5%

Biggest factor: p/e multiple.

Last 3 years +95.4%

$98.14 on November 3, 2023 to $191.73

ThenNowEffect
Revenue (last 12 months) $3.6bn $4.3bn +18.8%
Net margin 14.3% 15.4% +7.6%
P/E multiple 16.8x 25.2x +49.8%
Share count 88m 86m +2.1%

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
ALLE+15%−19%+22%+5%+23%+22%
Industry peers (median)+24%−24%+45%+12%−12%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ALLE50%33%42%58%75%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ALLE−17%−32%−24%−15%−12%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 43% from February 14, 2020 to March 23, 2020. Getting back needed a 76% gain, reached on April 23, 2021, 396 days after the low.

Price behaviour

52-week range
$124.69 – $191.73
From 52-week high
0.0%
vs 50-day average
+20.7%
vs 200-day average
+28.0%
Volatility (1 year)
30%
Beta vs S&P 500
0.41

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
5 up, 7 down
typical move ±6.4%
After a week
5 up, 7 down
typical move ±8.2%
After a month
5 up, 6 down
typical move ±8.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +12.6% −1.7% +17.6% —
July 23, 2026 +9.6% −1.1% +12.2% +16.0%
April 28, 2026 −7.4% −0.5% −10.9% −11.5%
February 17, 2026 −9.4% +0.7% −11.5% −19.1%
October 23, 2025 −4.7% +1.4% −5.8% −7.2%
July 24, 2025 +7.1% +0.5% +7.5% +11.6%
April 24, 2025 +7.9% +2.8% +9.7% +11.7%
February 18, 2025 −5.1% +0.5% −2.6% −3.2%
October 24, 2024 −5.5% +0.2% −7.4% −6.3%
July 24, 2024 +4.5% −2.8% +7.6% +6.2%
April 25, 2024 −2.1% +0.6% −3.4% −3.1%
February 20, 2024 −1.0% −0.5% −2.4% +2.5%

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 Allegion’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

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.

Allegion in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

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) Allegion
$3.6B $3.8B $4B $4.2B $4.4B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $3.7B Revenue (TTM), FY24 Q1: $3.6B Revenue (TTM), FY24 Q2: $3.7B Revenue (TTM), FY24 Q3: $3.7B Revenue (TTM), FY24 Q4: $3.8B Revenue (TTM), FY25 Q1: $3.8B Revenue (TTM), FY25 Q2: $3.9B Revenue (TTM), FY25 Q3: $4B Revenue (TTM), FY25 Q4: $4.1B Revenue (TTM), FY26 Q1: $4.2B Revenue (TTM), FY26 Q2: $4.3B Revenue (TTM), FY26 Q3: $4.4B $4.4B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $3.7B
FY24 Q1 $3.6B
FY24 Q2 $3.7B
FY24 Q3 $3.7B
FY24 Q4 $3.8B
FY25 Q1 $3.8B
FY25 Q2 $3.9B
FY25 Q3 $4B
FY25 Q4 $4.1B
FY26 Q1 $4.2B
FY26 Q2 $4.3B
FY26 Q3 $4.4B
Revenue growth, TTM YoY Allegion
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: 4.3% Revenue growth, TTM YoY, FY24 Q2: 1.8% Revenue growth, TTM YoY, FY24 Q3: 3.0% Revenue growth, TTM YoY, FY24 Q4: 3.3% Revenue growth, TTM YoY, FY25 Q1: 5.5% Revenue growth, TTM YoY, FY25 Q2: 5.5% Revenue growth, TTM YoY, FY25 Q3: 6.9% Revenue growth, TTM YoY, FY25 Q4: 7.8% Revenue growth, TTM YoY, FY26 Q1: 8.9% Revenue growth, TTM YoY, FY26 Q2: 10.6% Revenue growth, TTM YoY, FY26 Q3: 10.3% 10.3%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 11.6%
FY24 Q1 4.3%
FY24 Q2 1.8%
FY24 Q3 3.0%
FY24 Q4 3.3%
FY25 Q1 5.5%
FY25 Q2 5.5%
FY25 Q3 6.9%
FY25 Q4 7.8%
FY26 Q1 8.9%
FY26 Q2 10.6%
FY26 Q3 10.3%
Operating margin (TTM) Allegion
19% 20% 21% 22% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 19.4% Operating margin (TTM), FY24 Q1: 19.6% Operating margin (TTM), FY24 Q2: 20.0% Operating margin (TTM), FY24 Q3: 20.3% Operating margin (TTM), FY24 Q4: 20.7% Operating margin (TTM), FY25 Q1: 21.1% Operating margin (TTM), FY25 Q2: 21.0% Operating margin (TTM), FY25 Q3: 21.0% Operating margin (TTM), FY25 Q4: 21.1% Operating margin (TTM), FY26 Q1: 20.6% Operating margin (TTM), FY26 Q2: 20.8% Operating margin (TTM), FY26 Q3: 21.5% 21.5%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 19.4%
FY24 Q1 19.6%
FY24 Q2 20.0%
FY24 Q3 20.3%
FY24 Q4 20.7%
FY25 Q1 21.1%
FY25 Q2 21.0%
FY25 Q3 21.0%
FY25 Q4 21.1%
FY26 Q1 20.6%
FY26 Q2 20.8%
FY26 Q3 21.5%
FCF margin (TTM) Allegion
13% 14% 15% 16% 17% 18% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 14.1% FCF margin (TTM), FY24 Q1: 13.6% FCF margin (TTM), FY24 Q2: 13.7% FCF margin (TTM), FY24 Q3: 15.7% FCF margin (TTM), FY24 Q4: 15.5% FCF margin (TTM), FY25 Q1: 16.8% FCF margin (TTM), FY25 Q2: 17.6% FCF margin (TTM), FY25 Q3: 17.1% FCF margin (TTM), FY25 Q4: 16.9% FCF margin (TTM), FY26 Q1: 16.4% FCF margin (TTM), FY26 Q2: 15.6% FCF margin (TTM), FY26 Q3: 16.9% 16.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 14.1%
FY24 Q1 13.6%
FY24 Q2 13.7%
FY24 Q3 15.7%
FY24 Q4 15.5%
FY25 Q1 16.8%
FY25 Q2 17.6%
FY25 Q3 17.1%
FY25 Q4 16.9%
FY26 Q1 16.4%
FY26 Q2 15.6%
FY26 Q3 16.9%

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.

Financial statements

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

Fiscal year 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 Sept 2026
Income
Revenue 2,023 2,070 2,118 2,068 2,238 2,408 2,732 2,854 2,720 2,867 3,272 3,651 3,772 4,067 4,391
Gross profit 826 862 854 869 990 1,073 1,173 1,252 1,179 1,205 1,322 1,582 1,669 1,838 1,980
EBITDA 425 287 371 407 496 554 608 643 482 609 682 817 897 989 1,083
Operating income 371 241 326 359 434 493 526 565 404 530 586 708 781 860 944
Net income 220 32 175 154 229 273 435 402 314 483 458 540 598 644 691
Diluted EPS $2.29 $0.34 $1.80 $1.59 $2.36 $2.85 $4.54 $4.26 $3.39 $5.34 $5.19 $6.12 $6.82 $7.44 $8.02
Growth (year on year)
Revenue — +2.3% +2.4% −2.4% +8.2% +7.6% +13.4% +4.5% −4.7% +5.4% +14.1% +11.6% +3.3% +7.8% +10.3%
EBITDA — −32.6% +29.3% +10.0% +21.7% +11.8% +9.7% +5.8% −25.1% +26.6% +11.8% +19.9% +9.7% +10.3% +12.8%
Operating income — −35.1% +35.5% +9.9% +21.1% +13.4% +6.8% +7.5% −28.6% +31.4% +10.6% +20.8% +10.2% +10.1% +13.1%
Net income — −85.3% — −12.2% +48.9% +19.3% +59.1% −7.6% −21.8% +53.7% −5.2% +18.0% +10.6% +7.7% +7.9%
Diluted EPS — −85.2% — −11.7% +48.4% +20.8% +59.3% −6.2% −20.4% +57.5% −2.8% +17.9% +11.4% +9.1% +8.5%
Margins
Gross margin 40.8% 41.6% 40.3% 42.0% 44.2% 44.6% 43.0% 43.9% 43.3% 42.0% 40.4% 43.3% 44.2% 45.2% 45.1%
EBITDA margin 21.0% 13.8% 17.5% 19.7% 22.1% 23.0% 22.3% 22.5% 17.7% 21.3% 20.8% 22.4% 23.8% 24.3% 24.7%
Operating margin 18.4% 11.6% 15.4% 17.3% 19.4% 20.5% 19.2% 19.8% 14.8% 18.5% 17.9% 19.4% 20.7% 21.1% 21.5%
Net margin 10.9% 1.6% 8.3% 7.4% 10.2% 11.3% 15.9% 14.1% 11.6% 16.8% 14.0% 14.8% 15.8% 15.8% 15.7%
Free-cash-flow margin 12.3% 9.8% 9.6% 10.7% 15.0% 12.4% 15.0% 14.8% 16.3% 15.5% 12.1% 14.1% 15.5% 16.9% 16.9%
Cash flow
Cash from operations 269 224 256 257 378 347 458 488 490 489 460 601 675 784 844
Capital spending 20 20 52 35 43 49 49 66 47 45 64 84 92 98 104
Free cash flow 250 204 204 222 335 298 409 423 443 443 396 516 583 686 740
Stock-based pay 0 1 13 15 17 16 20 20 21 23 25 26 28 30 30
Free cash flow after stock pay 250 203 191 207 318 282 389 402 422 420 371 490 555 656 710
Balance sheet
Cash 318 227 291 200 312 466 284 355 480 398 288 468 504 356 388
Total debt 0 1,344 1,265 1,523 1,464 1,512 1,480 1,440 1,439 1,450 2,107 2,025 2,013 1,991 2,041
Net debt (negative = net cash) −318 1,117 974 1,323 1,151 1,046 1,196 1,084 959 1,052 1,819 1,557 1,509 1,635 1,653
Diluted shares 96m 96m 97m 97m 97m 96m 96m 94m 93m 91m 88m 88m 88m 87m 86m
Returned to shareholders
Dividends 0 0 0 0 0 0 0 0 117 129 144 159 167 175 184
Buybacks 0 0 50 30 85 60 67 226 209 413 61 60 220 80 280
Total returned 0 0 50 30 85 60 67 226 326 542 205 219 387 255 465

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

4 of 7 checks passed · September 30, 2026
What it owns · $5.5bn
Short-term assets $1.6bnLonger-term assets $3.9bn
What it owes, and who funded it · $5.5bn
Short-term liabilities $823mLonger-term liabilities $2.5bnShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $823m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $2.5bn of longer-dated liabilities.
  • More cash than debt $388m of cash against $2.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 94% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 192% to 94% over five years.
  • A year's operating cash flow covers at least 20% of debt $844m of operating cash flow against $2.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $944m against $98m of interest.

From Allegion'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 Q3 TTM
Buybacks (TTM)
$280M
Dividends (TTM)
$184M
Returned to shareholders
63%
of free cash flow
Buybacks, last 3 fiscal years
$360M
Diluted share count
−0.6%
year over year
Total shareholder yield
2.9%
dividends 1.1% + buybacks 1.7% of market value
Dividend payout ratio
27%
of net income paid out
Sales & admin spending
23.6%
of revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated ALLE FBIN AOS CSL LII MOD Median
Revenue, last 12 months $4.4bn $4.4bn $3.8bn $5.2bn $5.4bn $3.4bn $1.8bn
Revenue growth, last 12 months 10.3% −2.3% −0.7% 4.0% 1.9% 29.5% 3.7%
Revenue growth, 3-year average 6.7% −1.0% 0.0% 4.2% 3.4% 12.3% 3.6%
Revenue growth, latest quarter 9.6% −4.1% −0.2% 8.6% 10.2% 28.0% 8.0%
Gross margin 45.1% 45.9% 38.6% 34.7% 32.6% 22.2% 32.0%
Operating margin 21.5% 6.8% 17.5% 19.5% 18.8% 10.1% 7.0%
Operating margin, 3-year average 20.9% 11.9% 18.0% 21.2% 19.4% 10.4% 10.7%
Net margin 15.7% 3.4% 13.0% 13.8% 13.8% 4.3% 5.1%
Cash from operations / revenue 19.2% 11.3% 16.1% 17.2% 18.2% 7.8% 12.4%
Free-cash-flow margin 16.9% 9.1% 14.8% 14.4% 15.3% 3.0% 8.9%
Free-cash-flow margin, 3-year average 16.5% 9.4% 14.0% 17.4% 12.9% 4.0% 8.5%
Stock pay / revenue 0.7% 0.3% 0.4% 0.7% 0.4% 0.7% 0.7%
Change in share count −0.6% −2.7% −3.6% −7.7% −1.9% 0.0% −0.6%

Median of all 46 companies we cover in building products. 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

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 10.3% 4.0% 13 of 46
Change in growth rate Growth -0.3pp +0.8pp 28 of 46
Gross margin Profitability 45.1% 32.1% 7 of 43
Operating margin Profitability 21.5% 7.2% 4 of 45
Net margin Profitability 15.7% 5.6% 3 of 46
Free-cash-flow margin Cash generation 16.9% 9.1% 6 of 46
Stock pay as % of revenue Cash generation 0.7% 0.7% 18 of 41
Long-term debt as % of assets Balance sheet 37.2% 25.7% 30 of 37
Change in share count Balance sheet -0.6% -0.6% 23 of 44

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
Segments
Line of business Revenue Share YoY
Alle_Allegion Americas $3.2B 79.1% ▲ 6.9%
Allegion International $849M 20.9% ▲ 11.7%
Products and services
Line of business Revenue Share YoY
Products $3.8B 93.2% ▲ 7.7%
Mechanical Products $2.7B 71.6% ▲ 5.5%
Electronic Products $1.1B 28.4% ▲ 13.6%
Services $278M 6.8% ▲ 9.7%
Geography
Region Revenue Share YoY
United States $3B 75.0% ▲ 6.7%
Outside the US $1B 25.0% ▲ 11.4%

From Allegion's 10-K filed February 17, 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
$12.1B
Institutions reporting
725
Shares held vs prior quarter
▲ 3.1%
Positions opened / closed
67 / 91

Top buyers and sellers, Q2 2026: 324 institutions bought and 366 sold ; the biggest buyer was Menora Mivtachim Holdings Ltd (+855K shares) and the biggest seller Lord, Abbett & Co. LLC (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $956M 6.8M 7.9% ▲ 2.9%
Vanguard Capital Management LLC $790M 5.6M 6.5% ▲ 0.3%
Vanguard Portfolio Management LLC $696M 5.0M 5.7% ▲ 7.9%
Boston Partners $652M 4.6M 5.4% ▲ 4.5%
State Street Corp $610M 4.3M 5.0% ▲ 1.7%
Kayne Anderson Rudnick Investment Management LLC $476M 3.4M 3.9% ▼ 6.7%
Geode Capital Management, LLC $406M 2.9M 3.3% ▲ 3.9%
Invesco Ltd. $322M 2.3M 2.7% ▲ 17.3%
Massachusetts Financial Services Co $318M 2.2M 2.6% ▼ 11.7%
Deutsche Bank Ag\ $248M 1.8M 2.0% ▲ 33.7%
Brown Advisory Inc $248M 1.8M 2.0% ▼ 9.2%
Morgan Stanley $225M 1.6M 1.9% ▲ 26.2%

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 Allegion'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 → $590,829 5 trades by 3 insiders, last 12 months Insider sales History → $4.6M 11 trades by 8 insiders · 13% under pre-set plans
Net ▼ $4M net selling
Insider Date Trade Shares Price Value
Kemp Tracy L SVP-Chief Info. & Digital Ofr October 26, 2026 Sell 4,469 $178.81 $799,080
Eckersley Timothy P President-Intl & SVP-Allegion October 26, 2026 Sell 6,364 $178.62 $1.1M
Mizell Steven Director August 28, 2026 Buy 170 $158.28 $26,908
Ilardi David S. President-Amer & SVP-Allegion August 18, 2026 Sell 549 $161.09 $88,438
Wenos Vincent SVP - Chief Technology Officer August 6, 2026 Sell 1,000 $168.25 $168,250
Eckersley Timothy P President-Intl & SVP-Allegion July 27, 2026 Sell 6,417 $157.26 $1M
Musial Nickolas A. VP, Controller & CAO July 23, 2026 Sell pre-set plan 687 $155.00 $106,485
Wagnes Michael J. SVP and CFO July 23, 2026 Sell pre-set plan 1,468 $150.98 $221,639
Wagnes Michael J. SVP and CFO July 23, 2026 Sell pre-set plan 1,716 $150.98 $259,082
Martens Robert C. SVP-Chief Innovation & Design May 7, 2026 Sell 3,993 $137.15 $547,640
Main Sue Director March 11, 2026 Buy 600 $150.05 $90,032
Main Sue Director March 11, 2026 Buy 1,300 $149.58 $194,458

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.

Trades by members of Congress

All 11 trades and filings

No trades in Allegion disclosed in the last 12 months; 11 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 28, 2026
  • February 17, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Allegion 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.

Allegion in brief

What does Allegion do?
Allegion is a US-listed company in the building products industry. Its financial year ends in December.
What is Allegion's stock ticker?
Allegion trades under the ticker ALLE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Allegion's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Allegion reported revenue of $4.4B, 10.3% higher than a year earlier, according to its SEC filings.
What is Allegion's free cash flow?
Allegion's free-cash-flow margin is 16.9% of revenue over the trailing twelve months, ranking 6 of the 46 building products companies we cover.
What is Allegion's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Allegion's free cash flow after stock-based pay gives ~$200 per share in the base case, and ~$140–$270 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Allegion's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Allegion buying back stock, and does it pay a dividend?
Allegion spent $280M on share repurchases over the trailing twelve months, and its diluted share count fell 0.6% over the year.
What is Allegion's market cap?
On November 2, 2026, Allegion's market capitalisation was about $16.5B, with a price-to-earnings ratio of 23.9 and net debt of $1.7B. Market figures come from third-party market data and may be delayed.
Does Allegion pay a dividend?
Yes: Allegion paid $184M in dividends over the trailing twelve months, a dividend yield of 1.14% and a payout ratio of 26.6%.
How much debt does Allegion have?
Allegion's debt-to-equity ratio is 93.5%, from its latest balance sheet (192.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Allegion's competitors?
In our Building Products peer group, the companies closest to Allegion are Fortune Brands Innovations, Inc., A. O. Smith, Carlisle Companies Inc, Lennox International and Modine Manufacturing Co. The side-by-side comparison below sets their revenue, margins and growth against Allegion's.
Are insiders buying or selling Allegion stock?
Over the last 12 months, Allegion's directors and officers reported 5 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Allegion's next earnings date?
Around January 21, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Allegion announces its own schedule.