ALLE
Updated: 24/09/2026, 07:36:30
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.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2025 filing.
Revenue
$4.1B
FY 2025 · Reported
Net income
$0.6B
FY 2025 · Reported
Gross margin
45.2%
FY 2025 · Calculated
Free cash flow
N/A
FY — · Reported
R&D intensity
3.2%
FY 2025 · Calculated
Share repurchases
$0.1B
FY 2025 · Reported
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
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Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Global security products provider
Leading global provider of security products and solutions in two segments; serves commercial, institutional and residential end-users
“We are a leading global provider of security products and solutions operating in two segments: Allegion Americas and Allegion International.”
Allegion business overview
Global security products provider; FY2025 Net revenues $4,067.3M, Operating income $859.5M; more than 40 brands
“During the year ended December 31, 2025, we generated Net revenues of $4,067.3 million and Operating income of $859.5 million.”
Corporate history and separation
Incorporated in Ireland May 9, 2013; stand-alone public company since December 1, 2013 following Ingersoll Rand spin-off
“On December 1, 2013, we became a stand-alone public company after Ingersoll Rand completed the separation of these businesses from the rest of Ingersoll Rand”
Security products and solutions provider
Allegion supplies security products and solutions whose demand relies on institutional, commercial, and residential construction and remodeling markets.
“Demand for our security products and solutions relies on the institutional, commercial, and residential construction and remodeling markets”
Segments
Two segments: Allegion Americas and Allegion International
“We operate in and report financial results for two segments: Allegion Americas and Allegion International.”
Segment assignment of 2025 acquisitions
2025 acquisitions assigned to Allegion Americas (Next Door, Trimco, Gatewise, Waitwhile) and Allegion International (Lemaar, Novas, ELATEC, UAP) segments
“Next Door is reported in the Company's Allegion Americas segment. ... ELATEC is reported in the Company's Allegion International segment.”
End markets served
Commercial, institutional and residential facilities including education, healthcare, government, hospitality, retail, commercial office and residential markets
“end-users in commercial, institutional and residential facilities worldwide, including the education, healthcare, government, hospitality, retail, commercial office and single and multi-family residential markets”
End-user markets served
Commercial, institutional and residential end-users worldwide including education, healthcare, government, hospitality, retail, commercial office, and single/multi-family residential
“We sell a wide range of security and access control solutions for end-users in commercial, institutional and residential facilities worldwide, including education, healthcare, government, hospitality, retail, commercial office and single and multi-family residential markets.”
Key distribution channels and channel partners
Access to and management of key market channels is critical; consultative approach with architects, designers, security consultants, contractors, homebuilders and engineers
“Our access to and management of key channels in the market, which is critical to delivering our products in an efficient and consistent manner”
Leading brands
CISA, Interflex, LCN, Schlage, SimonsVoss, Von Duprin
“Our leading brands include CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®.”
Door controls, door control systems, and exit devices
Life-safety door controls and exit devices under Briton, CISA, LCN, STANLEY Access Technologies, Von Duprin
“•Door controls, door control systems, and exit devices: An extensive portfolio of life-safety products and solutions generally installed on fire doors and facility entrances and exits.”
Electronic security products and access control systems
Electronic locks, access control systems and workforce productivity solutions under Schlage, CISA, ELATEC, Interflex, SimonsVoss and others
“•Electronic security products and access control systems, including time, attendance and workforce productivity: A broad range of electronic locks, electronic door closers and exit devices, access control products and systems, credentials and credential readers and accessories”
Locks, locksets, portable locks, and key systems
Mechanical locks, locksets and key systems under Schlage, CISA, Bricard, AXA, Falcon, Gainsborough, SimonsVoss
“•Locks, locksets, portable locks, and key systems: A broad array of cylindrical, tubular and mortice door locksets, security levers and master key systems”
Doors, glass and door systems, and accessories
Doors, glass and door systems under Falcon, Glynn-Johnson, Ives, Republic, Steelcraft, TGP, Trimco
“•Doors, glass and door systems, and accessories: A portfolio of hollow metal doors and frames, glass and specialty door systems, as well as a variety of additional security products and components”
Services and software (SaaS)
Entrance-service business in U.S./Canada and SaaS offerings (Interflex, Yonomi, Zentra) in U.S. and internationally
“we offer software as a service ("SaaS") offerings throughout the U.S. and internationally, including access control, platform integration and workforce management solutions through brands like Interflex, Yonomi® and Zentra®”
Recent product innovations (2024/2025)
2024/2025 launches across electronics (Schlage XE360, Resident Key, Arrive, Ultion Nuki 2025), mechanical (Von Duprin 70 series), services/software (Overtur Key System Management, Interflex IF-6040)
“Schlage launched Resident Key mobile credential for multifamily properties through internal (Zentra) and external technology alliances. Achieved first-to-market with the credential in Apple Wallet® and among the first in Google Wallet™”
Non-U.S. revenue share
Approximately 25% of 2025 Net revenues were derived outside the U.S.
“Approximately 25% of our 2025 Net revenues were derived outside the U.S.”
FY2025 segment revenues
Allegion Americas $3,218.8M (2025) vs $3,012.4M (2024); Allegion International $848.5M vs $759.8M; Total $4,067.3M vs $3,772.2M
“Allegion Americas$3,218.8 $3,012.4 6.9 % Allegion International848.5 $759.8 11.7 %”
Global manufacturing/sales footprint
Global operations depend on products manufactured, purchased and sold in the U.S. and internationally, including Australia, Canada, China, Europe, Mexico, New Zealand and the Middle East.
“Our global operations depend on products manufactured, purchased and sold in the U.S. and internationally, including in Australia, Canada, China, Europe, Mexico, New Zealand and the Middle East.”
Raw materials and components
Steel, zinc, brass, other non-ferrous metals, and electronic components sourced globally
“We procure certain products, including raw materials and other commodities, including steel, zinc, brass and other non-ferrous metals, as well as parts, components (including electronic components) and logistical services from supplier partners located throughout the world.”
Currency exposure unhedged in part
We do not hedge against all our currency exposure, and therefore, our results of operations will continue to be susceptible to impacts from currency fluctuations.
“We do not hedge against all our currency exposure, and therefore, our results of operations will continue to be susceptible to impacts from currency fluctuations.”
COGS sourcing from Mexico and China
We estimate we source approximately 20-25% of Cost of goods sold from Mexico and less than 5% of Cost of goods sold from China.
“We estimate we source approximately 20-25% of Cost of goods sold from Mexico and less than 5% of Cost of goods sold from China.”
Aggregate acquisition consideration
$631.6M (2025) and $147.2M (2024) aggregate consideration; 2025 acquisitions generated $93.0M revenue
“The aggregate consideration, inclusive of contingent consideration and net of cash acquired, for all acquisitions completed in 2025 and 2024 was approximately $631.6 million and $147.2 million, respectively.”
ELATEC acquisition (July 1, 2025)
Acquired ELATEC (German security/access technology) on July 1, 2025
“This includes the acquisition of ELATEC, including Elatec GmbH and other group entities ("ELATEC") on July 1, 2025. ELATEC is a manufacturer of security and access technology based in Germany”
Acquisition - ELATEC
Acquired 100% of ELATEC on July 1, 2025 for €327.9 million (~$386.5 million), funded with cash and Revolving Facility borrowings; reported in Allegion International
“The purchase price of the acquisition was €327.9 million (approximately $386.5 million). The Company used cash on hand and borrowings under the Revolving Facility to finance the acquisition.”
Acquisition - Gatewise (multifamily access)
Acquired 100% of Gatewise Inc. on July 2, 2025, provider of smart access control for the U.S. multifamily market, reported in Allegion Americas
“acquired 100% of Gatewise Inc. (“Gatewise"), a provider of smart access control solutions in the U.S. multifamily marketplace”
Acquisition - Waitwhile (SaaS)
Acquired 100% of Waitwhile Inc. on July 7, 2025, a SaaS provider of cloud-based appointment scheduling and queue management, reported in Allegion Americas
“acquired 100% of Waitwhile Inc. (“Waitwhile"), a software-as-a-service provider that specializes in cloud-based appointment scheduling and queue management”
Competitive strengths
Market-leading brands, versatile portfolio, consultative spec-in expertise, key channel access, and global manufacturing/agile supply chain
“Our enterprise excellence capabilities, including our global manufacturing operations and agile supply chain, which facilitate our ability to deliver specific product and system configurations to end-users and consumers worldwide, quickly and efficiently.”
Secular industry demand drivers
Electronics adoption, security/privacy awareness, mobile technology adoption, and digital interoperable environments
“We believe the security products industry will continue to benefit from several global macroeconomic trends, including: •Expected growth in global electronic and electromechanical products and solutions as end-users adopt newer technologies in their facilities and homes”
R&D expense trend
R&D expenses of approximately $132.0 million (2025), $112.7 million (2024), $101.9 million (2023), expensed when incurred
“expenses related to research and development activities amounted to approximately $132.0 million, $112.7 million and $101.9 million, respectively”
Allegion Ventures corporate venture investing
Allegion Ventures second fund with additional $100 million allocation focused on AI, video monitoring, machine learning and cybersecurity
“in December 2021, Allegion Ventures announced a second fund with an additional allocation of $100 million to focus on investing in technologies like artificial intelligence, video monitoring, machine learning and cybersecurity.”
Input cost inflation without commodity hedging
Higher prices for raw materials, parts and components, freight, packaging, labor and energy increase costs; no commodity derivatives are used, but firm purchase commitments and annual price contracts mitigate risk.
“We do not currently use financial derivatives to hedge against volatility in commodity prices; however, we utilize firm purchase commitments, where possible, to help mitigate risk.”
Revolving Facility amendment
Revolving Facility upsized to $1.0B, maturity extended to May 20, 2030; $190.6M outstanding at YE2025
“increased the total commitment from $750.0 million to $1.0 billion, and extended the maturity from May 20, 2029 to May 20, 2030”
Outstanding indebtedness and Revolving Facility
Approximately $2.0 billion of outstanding indebtedness at December 31, 2025; $190.6 million outstanding on the $1.0 billion senior unsecured Revolving Facility, exposing the company to variable interest rate risk.
“At December 31, 2025, we had $190.6 million outstanding on the Revolving Facility, which exposes us to variable interest rate risk.”
2025 results and tariff mitigation
2025 high-single digit revenue growth driven by pricing, volume and acquisitions; tariffs offset via pricing actions
“In 2025, we delivered high-single digit revenue growth compared to 2024, driven by favorable pricing and volume growth, as well as the impact from acquisitions made during the year.”
Hedging policy
Uses derivatives, not for speculative purposes, designated as cash flow hedges or undesignated, to manage interest and currency rate exposures
“The Company uses various financial instruments, including derivative instruments, to manage the risks associated with interest and currency rate exposures. These financial instruments are not used for trading or speculative purposes.”
Pending accounting standards
ASU 2024-03 (expense disaggregation) and ASU 2025-06 (internal-use software) issued but not yet adopted; impact of ASU 2025-06 being evaluated
“The Company is currently evaluating the impact this ASU will have on the Company's Consolidated Financial Statements.”
Tariff exposure and 2025 pricing offset
Throughout 2025, the U.S. government announced tariffs on imports from several countries from which we manufacture and/or import products and components. In 2025, we have offset inflation due to tariffs with pricing actions.
“Throughout 2025, the U.S. government announced tariffs on imports from several countries from which we manufacture and/or import products and components. In 2025, we have offset inflation due to tariffs with pricing actions.”
Labor shortages and wage inflation
Experienced labor shortages, increased turnover and wage inflation risk affecting production capacity and costs
“In recent years, we have experienced labor shortages and increased turnover rates that have led to, and could in the future lead to, increased costs, such as increased overtime to meet customer demand and increased wage rates”
Geopolitical risk exposure
Exposure to social and political unrest, national and international conflict including the Middle East conflicts and the Russia-Ukraine war, expropriation, currency restrictions and sovereign debt crises.
“Social and political unrest, instability, national and international conflict, including the conflicts in the Middle East and the war between Russia and Ukraine, border closures, civil disturbances, terrorist acts and other geographical disputes and uncertainties”
Supply chain and supplier partner dependency
Risk of disruptions in global supply chain, including product manufacturing and logistical services provided by supplier partners; recent exposure to supply chain delays and material, electronic component and labor shortages.
“our business operations and performance were also impacted by global macroeconomic challenges, including supply chain disruptions and delays, material, electronic component and labor shortages”
Cybersecurity and IT/OT dependency
Risks include cybersecurity attacks and reliance on third-party vendors for critical elements of global information and operational technology infrastructure.
“the failure of our third-party vendors to provide effective support for many of the critical elements of our global information and operational technology infrastructure”
Capital and credit market dependency
Capital and credit market instability could reduce access to capital, increase borrowing costs and impede M&A execution; customer/supplier credit constraints could delay projects and product deliveries.
“Limitations on the ability of customers, suppliers or financial counterparties to access credit could lead to insolvencies of key suppliers and customers, limit or prevent customers from obtaining credit to finance purchases of our products and services”
Demand for security products relies on institutional, commercial and residential construction and remodeling markets, which are cyclical with economic conditions.
“Demand for our security products and solutions relies on the institutional, commercial, and residential construction and remodeling markets, which are marked by cyclicality”
Approximately 25% of 2025 Net revenues came from outside the U.S., so the U.S. remains the dominant revenue base and USD translation drives consolidated results.
“Approximately 25% of our 2025 Net revenues were derived outside the U.S.”
Sales span commercial, institutional and residential facilities worldwide across education, healthcare, government, hospitality, retail, office and residential end markets.
“We sell a wide range of security and access control solutions for end-users in commercial, institutional and residential facilities worldwide”
Company cites expected growth in global electronic and electromechanical products as a macro trend benefiting the security products industry, making electronics adoption a demand driver.
“•Expected growth in global electronic and electromechanical products and solutions as end-users adopt newer technologies in their facilities and homes”
Approximately 20-25% of Cost of goods sold is sourced from Mexico, creating tariff and supply chain exposure to U.S. trade policy.
“We estimate we source approximately 20-25% of Cost of goods sold from Mexico and less than 5% of Cost of goods sold from China.”
New or increased U.S. tariffs on imports from countries where Allegion manufactures or sources raised costs in 2025; offset with pricing actions.
“In 2025, we have offset inflation due to tariffs with pricing actions.”
Inflationary pressure on raw materials, parts, freight, packaging, labor and energy can compress margins if cost increases cannot be passed on to customers.
“Higher prices for raw materials, parts and components, freight, packaging, labor and energy, whether caused by inflationary pressures or other geopolitical factors... increase our costs to manufacture and distribute our products and services, and we may be unable to pass these increased costs on to our customers.”
Changes to trade agreements, sanctions, import/export regulations and retaliatory trade restrictions raise cost of doing business and can disrupt operations and supply chains.
“Changes to trade agreements, foreign trade policies, sanctions, import and export regulations, including the imposition or threatened imposition of new or increased tariffs, quotas, customs duties and similar restrictions, as well as retaliatory actions”
U.S. tariffs on imports from countries where the company manufactures/import products raised costs in 2025, offset by pricing actions.
“Throughout 2025, the U.S. government announced tariffs on imports from several countries from which we manufacture and/or import products and components. In 2025, we offset inflation due to tariffs with pricing actions.”
Security products including credentials are increasingly linked electronically and integrated into access control software and popular consumer technology platforms with mobile app control.
“increasingly linked electronically, integrated into access control software and popular consumer technology platforms and controlled with mobile applications, creating additional functionality and complexity”
Company depends on steel, zinc, brass and other non-ferrous metals and some sole-supplier components, exposing it to supply and pricing risk.
“some key parts and components may be available only from a single supplier or a limited group of suppliers, we are also subject to supply and pricing risks”
Translation of non-USD assets, liabilities, revenues and expenses into USD can materially affect consolidated results; not all currency exposure is hedged.
“fluctuations in the value of the U.S. dollar compared to other currencies may have a material impact on the value of these items in our Consolidated Financial Statements”
Heightened security/privacy awareness and local/national building and safety code requirements drive demand and product configuration.
“•Heightened awareness of security and privacy requirements”
ELATEC acquisition explicitly aimed at expanding the Company's global electronics portfolio in attractive end markets.
“This acquisition helps the Company expand its global electronics portfolio in attractive end markets while also increasing strategic relationships with channel partners.”
Multiple 2024/2025 product launches target multifamily properties, including Schlage Resident Key mobile credential and XE360 wireless lock.
“Schlage XE360 series electronic lock is the next generation wireless lock from Schlage, designed specifically for multifamily properties.”
Consultative approach develops building security specifications with end-users' partners including architects, designers, security consultants, contractors, homebuilders and engineers.
“including architects, designers, security consultants, contractors, homebuilders and engineers”
Labor shortages and wage inflation increased costs and could impair ability to operate production facilities at full capacity.
“An overall or prolonged labor shortage, lack of skilled labor, increased turnover or sustained level of wage inflation could have a material adverse impact on our business”
ELATEC acquisition priced in euros (€327.9 million) and financed with cash and Revolving Facility borrowings, creating euro-denominated exposure.
“The purchase price of the acquisition was €327.9 million (approximately $386.5 million).”
Stanley Access Technologies provides planned inspection, maintenance and repair services for automatic entrance solutions throughout the U.S. and Canada.
“Our Stanley Access Technologies business offers extensive planned inspection, maintenance and repair services for its automatic entrance solutions throughout the U.S. and Canada.”
ELATEC acquisition increases strategic relationships with channel partners, a stated distribution benefit.
“while also increasing strategic relationships with channel partners”
Gatewise acquisition gives access to smart access control solutions in the U.S. multifamily marketplace.
“a provider of smart access control solutions in the U.S. multifamily marketplace”
Less than 5% of Cost of goods sold is sourced from China, a smaller but tariff-exposed sourcing channel.
“We estimate we source approximately 20-25% of Cost of goods sold from Mexico and less than 5% of Cost of goods sold from China.”
Currency exchange rates contributed +0.6% to FY2025 revenue growth and (0.2)% to COGS ratio, showing translation exposure across international operations.
“Currency exchange rates0.6 %”
Allegion Ventures' second $100 million fund focuses on investing in AI, video monitoring, machine learning and cybersecurity technologies complementing core solutions.
“in December 2021, Allegion Ventures announced a second fund with an additional allocation of $100 million to focus on investing in technologies like artificial intelligence, video monitoring, machine learning and cybersecurity.”
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