Allegion plcALLE
NYSE•Industrials•Security & Protection Services
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.
Allegion plc (ALLE) reported trailing twelve months revenue of $4.16B as of March 2026, a 8.9% increase year-over-year. Quarterly revenue reached $1.03B, reflecting continued top-line momentum.
Allegion plc generated $633.70M in TTM net income, with quarterly EBITDA of $195.30M. The operating margin contracted from 20.9% to 18.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (18.9%) and net margin (13.4%) indicates moderate non-operating costs. Net margin has narrowed from 15.7% a year ago, reflecting increased costs or interest expense.
ALLE trades at a P/E of 18.2x (in line with broad market averages) and a P/S of 2.8x. The price-to-book ratio of 5.5x indicates a significant premium over book value.
The company generated $80.30M in free cash flow over the trailing twelve months, a 3.7% decrease year-over-year, indicating cash generation ability. The balance sheet shows $5.31B in total assets with $2.03B in long-term debt against $2.10B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~20.8% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 35.4% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~20.6% — no sign of cost or pricing stress.
FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation