Revenue Growth Momentum
Allegion grew total revenue by 7.8% year-over-year to $4.07B in FY2025, up from $3.77B in the prior year, reflecting solid demand across its security products and solutions portfolio.
来源: 10-K Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
Allegion (ALLE) delivered strong FY2025 results with revenue growing 7.8% to $4.07B and net income rising 7.7% to $643.8M, driven by operating leverage and disciplined cost management that expanded operating margins to 21.1%.
营收
40.67亿美元
同比 +7.82%
每股收益（稀释）
7.44美元
同比 +9.09%
营业利润
8.6亿美元
同比 +10.09%
SEC XBRL 原值
Allegion (ALLE) FY2025 营收 40.67亿美元，同比增长 7.8%。 营业利润率 21.1%，较去年同期的 20.7% 扩大 0.4 个百分点。 经营活动现金流 7.84亿美元，同比增长 16.1%。
近 4 个季度：2 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 2.40 | 2.26 | 超预期 +6.2% |
| 2026年3月 | 1.80 | 1.93 | 不及预期 -6.9% |
| 2025年12月本次财报 | 1.94 | 2.03 | 不及预期 -4.2% |
| 2025年9月 | 2.30 | 2.26 | 超预期 +2.0% |
2025年12月 实际 EPS 1.94美元，分析师一致预期 2.03美元，不及预期 -4.2%。
由 AI 基于本次 SEC 报告整理
Allegion grew total revenue by 7.8% year-over-year to $4.07B in FY2025, up from $3.77B in the prior year, reflecting solid demand across its security products and solutions portfolio.
来源: 10-K Income Statement
Operating income rose 10.1% to $859.5M, pushing operating margin to 21.1% from 20.7% in the prior year — a 40 basis point improvement — indicating that revenue growth outpaced cost increases.
来源: 10-K Income Statement
SG&A expenses increased 10.3% to $978.8M and R&D spending jumped 17.1% to $132.0M, suggesting the company is investing aggressively in growth initiatives and innovation, though these increases outpaced revenue growth.
来源: 10-K Income Statement
Operating cash flow surged 16.1% to $783.8M in FY2025, well ahead of net income of $643.8M, reflecting high earnings quality and strong working capital management.
来源: 10-K Cash Flow Statement
Investing cash outflows ballooned to -$685.5M from -$228.4M in the prior year (a -200.1% change), driving total assets up 16.4% to $5.22B, likely reflecting a major acquisition or capital deployment; cash balances declined 29.3% to $356.2M as a result.
来源: 10-K Cash Flow Statement & Balance Sheet
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
SG&A expenses of $978.8M represent a significant portion of revenue and grew faster (10.3%) than revenue (7.8%) in FY2025. Sustained cost inflation or inability to scale these expenses could compress margins going forward.
来源: 10-K Income Statement
Investing cash outflows tripled to -$685.5M in FY2025, likely tied to acquisitions or capital expenditures, causing cash and equivalents to fall 29.3% to $356.2M. If these investments underperform, the company's financial flexibility could be constrained.
来源: 10-K Cash Flow Statement & Balance Sheet
Allegion carries $1.98B in long-term debt, which, while slightly reduced from $2.00B, remains substantial relative to its asset base. Rising interest rates or refinancing risk could increase debt service costs and pressure free cash flow.
来源: 10-K Balance Sheet
Share repurchases fell sharply by 63.6% to $80.0M in FY2025 from $220.0M in the prior year, potentially signaling that capital is being redirected toward acquisitions or debt management, which may disappoint income-oriented investors.
来源: 10-K Cash Flow Statement
R&D expenses grew 17.1% to $132.0M, the fastest-growing cost line in FY2025. While this signals innovation investment, there is no guarantee these expenditures will translate into revenue-generating products within a near-term timeframe.
来源: 10-K Income Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 40.67 亿美元 | 37.72 亿美元 | +7.82% |
营业成本 亿美元 | 22.29 亿美元 | 21.04 亿美元 | +5.96% |
营业利润 亿美元 | 8.60 亿美元 | 7.81 亿美元 | +10.09% |
净利润 亿美元 | 6.44 亿美元 | 5.98 亿美元 | +7.75% |
每股收益（基本） 美元 | 7.48 美元 | 6.85 美元 | +9.20% |
每股收益（稀释） 美元 | 7.44 美元 | 6.82 美元 | +9.09% |
研发费用 亿美元 | 1.32 亿美元 | 1.13 亿美元 | +17.13% |
销售及管理费用 亿美元 | 9.79 亿美元 | 8.88 亿美元 | +10.25% |
答案基于本次 SEC 报告与本页数据
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