Allegion PLC
ALLE Industrials Security & Protection Services
Allegion PLC’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 7.82% from fiscal 2024. In the quarter to June 2026, revenue grew 12.7%, EPS grew 15.6%, free cash flow fell 5.99% and total debt fell 1.75%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Allegion PLC (ALLE) Beneish M-score
Allegion PLC's Beneish M-score for fiscal 2025 is −2.50; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.50 | 0.04 |
| FY2024 | −2.55 | (0.03) |
| FY2023 | −2.52 | (0.43) |
| FY2022 | −2.09 | 0.42 |
| FY2021 | −2.50 | 0.31 |
| FY2020 | −2.82 | (0.22) |
| FY2019 | −2.60 | (0.27) |
| FY2018 | −2.33 | 0.14 |
| FY2017 | −2.47 | 0.50 |
| FY2016 | −2.97 | (0.75) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.97 | — | 0.89 | |
| Gross margin index | 0.98 | — | 0.52 | |
| Asset quality index | 1.09 | — | 0.44 | |
| Sales growth index | 1.08 | — | 0.96 | |
| Depreciation index | 1.02 | — | 0.12 | |
| SG&A index | 1.02 | — | −0.18 | |
| Total accruals to total assets | (0.03) | — | −0.13 | |
| Leverage index | 0.88 | — | −0.29 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.50 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| EVLV Evolv Technologies Holdings, Inc. compare | −3.2× |
| NSSC NAPCO Security Technologies, Inc. compare | −3.0× |
| ADT ADT Inc. compare | −2.8× |
| BCO Brink's Company (The) compare | −2.7× |
| MSA MSA Safety Incorporporated compare | −2.5× |
| ALLE Allegion PLC | −2.5× |
| BRC Brady Corporation compare | −2.4× |
| CXW CoreCivic, Inc. compare | −2.1× |
| GEO Geo Group Inc (The) compare | −1.7× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI
More on ALLE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement