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Allegion (ALLE) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Industrials•Security & Protection Services
A
ExcellentMetricSide Score: 80/100
ProfitabilityProfit30/30
GrowthGrowth15/25
Balance SheetBalance19/25
Cash QualityCash16/20
Price & Volume
Market Cap $12.10B

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

Moat Signals

Competitive analysis based on 49 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~20.8% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 35.4% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~13.2% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 49 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~20.6% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 1.0 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.16B
8.9%
Q. Revenue
$1.03B
TTM EBITDA
$988.10M
7.3%
TTM Op. Income
$858.40M
6.6%
Q. Op. Income
$195.30M
TTM Net Income
$633.70M
1.9%
Q. Net Income
$138.10M
EPS
$1.6
Shares Out.
$86.10M
0.2%
$4.16B in TTM revenue grew 8.9% YoY, reaching $1.03B last quarter. TTM EBITDA of $988.10M and TTM operating income of $858.40M shows growth is flowing through. Net income of $633.70M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
44.0%
2.0%
EBITDA Margin
18.9%
Op. Margin
18.9%
9.4%
Net Margin
13.4%
15.1%
Op. margin of 18.9% is down 2.0% YoY — costs are rising relative to revenue. Net margin at 13.4% and gross margin of 44.0% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
19.1x
P/S Ratio
2.9x
P/B Ratio
5.8x
At 19.1x P/E, the stock trades in line with market averages — fairly valued. P/S of 2.9x and P/B of 5.8x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$5.31B
Cash
$308.90M
Long-Term Debt
$2.03B
Book Value
$2.10B
D/E Ratio
1.0
Debt/EBITDA
10.4
With $5.31B in assets and $2.03B in long-term debt, the D/E of 1.0and book value of $2.10B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$101.30M
Free Cash Flow
$80.30M
3.7%
FCF Margin
1.9%
FCF / Net Income
0.6
FCF of $80.30M on $101.30M in operating cash flow. The FCF / Net Income ratio of 0.1x indicates partial cash conversion — earnings quality needs attention.

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