Allegion (ALLE) Q4 FY2025 earnings: revenue $1.0 billion, up 9.3% on the year

Allegion plc (ALLE) reported revenue of $1.0 billion for Q4 FY2025, the quarter ended 31 December 2025, up 9.3% on the same quarter a year earlier. Net income was $148 million, up 2.4% on the year, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2026.

Revenue

$1.0 billion

+9.3% on the year · -3.5% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

20.3%

19.5% a year earlier

Q1 FY2024Q4 FY2025

Net income

$148 million

+2.4% on the year · -21.7% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$1.70

+3.0% on the year · -22.0% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 new.

Q4 revenue rose 9.3% reported: Fourth-quarter net revenues were $1,033.2 million, up 9.3% on a reported basis.
Q4 diluted EPS $1.70, adjusted $1.94: Q4 net earnings were $147.5 million, or $1.70 per diluted share, up 3.0%; adjusted EPS was $1.94, up 4.3%.
Full-year revenue rose 7.8%: Full-year net revenues were $4,067.3 million, up 7.8% on a reported basis and 4.1% organically.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	1,033	1,070	946	-3.5%	+9.3%
Cost of revenue	574	580	529	-1.2%	+8.5%
Gross profit	460	490	417	-6.2%	+10.3%
Gross margin	44.5%	45.8%	44.1%
Selling, general and administrative	250	256	232	-2.4%	+7.7%
Operating income	210	234	185	-10.4%	+13.5%
Operating margin	20.3%	21.8%	19.5%
Interest expense	25.1	26.6	25.2	-5.6%	-0.4%
Pre-tax income	184	209	162	-12.0%	+13.3%
Income tax	36.4	20.5	18.2	+77.6%	+100.0%
Effective tax rate	19.8%	9.8%	11.2%
Net income	148	188	144	-21.7%	+2.4%
Net margin	14.3%	17.6%	15.2%
Diluted EPS	$1.70	$2.18	$1.65	-22.0%	+3.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	240	230	219	+4.6%	+9.6%
Capital expenditure	39.6	19.7	24.1	+101.0%	+64.3%
Free cash flow	200	210	195	-4.4%	+2.9%
Free cash flow margin	19.4%	19.6%	20.6%
Cash from investing	-36.2	-567	-38.2
Cash from financing	-152	-16.0	-542
Depreciation and amortisation	31.1	36.7	26.9	-15.3%	+15.6%
Share-based compensation	6.3	6.7	6.1	-6.0%	+3.3%
Buybacks	0.0	0.0	100
Dividends paid	43.9	43.6	41.4	+0.7%	+6.0%
Dividend per share	n/a	$0.51	n/a
Diluted shares, weighted	87m	86m	87m	+0.1%	-0.7%
Shares outstanding at period end	86m	86m	86m	+0.0%	-0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	2,068	1,947	1,501	+6.2%	+37.8%
Debt	1,980	2,088	2,000	-5.2%	-1.0%
Operating lease liabilities	128	131	114	-1.8%	+12.2%
Other liabilities	1,048	1,060	873	-1.2%	+20.0%
Total liabilities and equity	5,224	5,225	4,488	-0.0%	+16.4%
Fixed assets	445	424	385	+4.8%	+15.4%
Goodwill	1,912	1,901	1,489	+0.6%	+28.4%
Intangible assets	826	836	569	-1.2%	+45.2%
Cash and equivalents	356	303	504	+17.7%	-29.3%
Receivables	438	501	419	-12.6%	+4.5%
Inventory	519	525	423	-1.1%	+22.7%
Other assets	728	735	698	-1.0%	+4.2%
Total assets	5,224	5,225	4,488	-0.0%	+16.4%

Questions

What was Allegion's revenue in Q4 FY2025?

Allegion (ALLE) reported revenue of $1.0 billion for Q4 FY2025, the quarter ended 31 December 2025, up 9.3% on the same quarter a year earlier.

How much did Allegion earn in Q4 FY2025?

Net income for Q4 FY2025 was $148 million, up 2.4% on the year, and diluted earnings per share $1.70.

When did Allegion report Q4 FY2025 results?

Allegion filed its 10-K for the year that ended with the quarter on 17 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 * †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	709	724	773	914	862	923	912	918	897	894	966	967	946	942	1,022	1,070	1,033	1,034	1,152	1,173
Cost of revenue	423	435	458	546	511	532	511	515	512	502	537	535	529	519	556	580	574	579	634	624
Gross profit	286	289	315	368	351	391	402	403	385	391	428	432	417	422	466	490	460	454	518	548
Gross margin	40%	40%	41%	40%	41%	42%	44%	44%	43%	44%	44%	45%	44%	45%	46%	46%	44%	44%	45%	47%
SG&A	171	172	168	205	191	220	217	210	218	219	219	217	232	226	247	256	250	259	263	264
Operating income	115	117	147	163	159	171	185	193	160	172	209	215	185	196	220	234	210	195	255	285
Operating margin	16%	16%	19%	18%	19%	19%	20%	21%	18%	19%	22%	22%	20%	21%	21%	22%	20%	19%	22%	24%
Interest expense	13.2	11.9	17.2	23.1	23.7	23.6	23.7	22.9	22.9	22.9	25.1	28.8	25.2	24.7	24.6	26.6	25.1	24.2	24.8	24.2
Pre-tax income	124	107	133	134	140	148	162	170	137	153	189	195	162	175	200	209	184	172	228	268
Tax rate	9%	13%	14%	14%	3%	16%	13%	8%	13%	19%	18%	10%	11%	15%	20%	10%	20%	19%	19%	18%
Net income	113	93.0	115	115	135	124	142	156	119	124	155	174	144	148	160	188	148	138	185	221
Net margin	16%	13%	15%	13%	16%	13%	16%	17%	13%	14%	16%	18%	15%	16%	16%	18%	14%	13%	16%	19%
Diluted EPS	$1.26	$1.05	$1.30	$1.30	$1.53	$1.40	$1.61	$1.77	$1.34	$1.41	$1.77	$1.99	$1.65	$1.71	$1.85	$2.18	$1.70	$1.59	$2.15	$2.59
Operating cash flow	132	20.5	88.6	158	192	69.0	161	151	220	51.1	173	232	219	104	210	230	240	101	198	304
Capital expenditure	16.7	8.7	15.9	16.9	22.5	22.3	17.7	20.7	23.5	27.2	20.9	19.9	24.1	21.1	17.7	19.7	39.6	21.0	17.9	25.7
Free cash flow	116	11.8	72.7	141	170	46.7	143	130	196	23.9	152	212	195	83.4	192	210	200	80.3	180	279
Buybacks	200	61.0	0.0	0.0	0.0	0.0	19.9	0.0	40.0	40.0	40.0	40.0	100	40.0	40.0	0.0	0.0	40.6	120	120
Dividends paid	32.1	35.8	35.7	36.4	36.0	39.4	39.9	39.9	39.5	42.1	41.7	41.8	41.4	43.6	44.2	43.6	43.9	47.4	46.6	46.2
Shares outstanding	88m	88m	88m	88m	88m	88m	88m	88m	88m	87m	87m	87m	86m	86m	86m	86m	86m	86m	85m	84m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 17 February 2026: the filing.