To own Allegion, you need to believe in the long term demand for secure access solutions and the company's ability to shift its mix toward higher value electronics and software. In fiscal 2024, Allegion generated over 75% of sales in the United States, with exposure to nonresidential construction cycles. The company has demonstrated pricing power and selective M&A capability, including acquisition of Stanley Access Technologies in 2022 which expanded Allegion's presence in the automatic entrance solutions market.
Cyborg Score Rationale
Allegion reported Q3 results exceeding revenue expectations with sales up 10.7% year on year, and non-GAAP profit of $2.30 per share was 2.5% above analysts' consensus estimates. The company recently declared a quarterly dividend of US$0.55 per ordinary share, an 8% increase from 2025 and its 12th consecutive annual dividend raise. Balance sheet remains healthy with manageable leverage.
Top Insights
Q4 2025 analysts expect Allegion's revenue to grow 9.5% year on year to $1.04 billion, improving from the 5.4% increase in the same quarter last year
Allegion's narrative projects $4.8 billion revenue and $825.7 million earnings by 2028, requiring 7.1% yearly revenue growth
With $983.8 million of EBITDA over the last 12 months, Allegion's 1.8× net-debt-to-EBITDA ratio is viewed as safe
Allegion has earned a consensus rating of "Hold" from ten analysts, with seven equities research analysts rating the stock with a hold recommendation and three issuing a buy recommendation
Named Competitors
Assa Abloy — Global leader in access solutions and security products
Dormakaba — Access and security systems solutions provider
Fortune Brands Innovations — Building products and security solutions manufacturer
Recent Developments
(February 2026) Q4 2025 earnings expected February 17 with analyst consensus for 9.5% revenue growth to $1.04B
(February 2026) 8% dividend increase declared (12th consecutive annual raise) to $0.55 per share, payable March 31
(August 2025) Acquisition of Brisant Secure completed to expand security solutions portfolio
(Q3 2025) Beat Q3 revenue expectations with 10.7% year-on-year growth; adjusted EPS raised FY guidance to $8.15
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