Overview
Allegion provides security solutions for doors and surrounding entrances worldwide, serving homeowners, businesses, schools, and other organizations. Its products include mechanical locks, electronic access control systems, and biometric devices that verify identity and control entry. These solutions can work together in layered security setups and are supported by related services and maintenance. The company aims to help people move safely and smoothly through homes, workplaces, and public spaces while pursuing ESG commitments and responsible innovation.
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About Allegion
Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Dublin, Ireland
Founded
1908
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Simplify's Take
What believers are saying
- July 23, 2026 Allegion raised 2026 revenue growth guidance to 7.5%-8.5%.
- August 25, 2026 XE360 RealSync expanded cloud control without gateways, wires, or hubs.
- April 2026 buyback increase and $0.55 dividend return capital while free cash flow stays strong.
What critics are saying
- July 2026 Q2 showed weaker European demand, forcing cost discipline in Allegion International.
- Q1 2026 organic growth reached only 2.6%, signaling slow underlying demand beyond acquisitions.
- Tariffs, ERP recovery, and restructuring charges hit 2026 margins; software-first rivals can commoditize locks.
What makes Allegion unique
- Schlage, Von Duprin, and CISA anchor Allegion's trusted installed base across 120 countries.
- RealSync and Aliro 1.0 position Allegion for cloud-managed, interoperable access control.
- Campus-to-Community and multifamily integrations tie hardware, software, and mobile credentials together.
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Funding
Total Funding
$1.1B
Above
Industry Average
Funded Over
2 Rounds
Benefits
- Competitive pay
- PTO
- Career development
- More benefits
Stock Price
Growth & Insights and Company News
6 month growth
11%1 year growth
11%2 year growth
11%Allegion plc, a provider of security products and solutions, has underperformed the S&P 500, posting a 6.4% return compared to the index's 16.6% gain since April 2026. The company currently trades at $153.33 per share. Allegion demonstrates strong operational efficiency with an average operating margin of 19.8% over the past five years. Its free cash flow margin has expanded by 6.1 percentage points during this period, reaching 15.6% in the trailing 12 months. However, the company's organic revenue growth has been underwhelming, averaging 4.1% year-on-year over the past two years. This suggests potential challenges with product development, pricing, or market strategy. The stock currently trades at 16.5× forward price-to-earnings ratio.
Dublin-based Allegion plc, a global security products company specialising in door and access systems, has underperformed the Nasdaq Composite over the past year. The company's shares declined 10.7% over 52 weeks, whilst the Nasdaq gained 20.9% during the same period. Allegion, which manufactures mechanical and electronic locks and access control systems under brands including Schlage and Von Duprin, has a market capitalisation of approximately $13.1 billion. The stock has fallen 3% year-to-date, compared to the Nasdaq's 16.5% gain. The underperformance stems from modest organic growth, averaging 3.9% year-over-year over two years, and an earlier ERP disruption that affected production rates. However, shares gained 12.8% over the past three months.
Allegion, a security hardware provider, reported second-quarter revenue of $1.15 billion, beating analyst estimates by 3.1% and marking 12.7% year-on-year growth. The company's non-GAAP earnings of $2.40 per share exceeded consensus estimates by 8.3%. Adjusted EBITDA reached $296.7 million with a 25.8% margin, surpassing expectations by 7.9%. Organic revenue rose 6.9% year on year. Management raised its full-year adjusted earnings guidance to $8.93 at the midpoint, a 1.4% increase. Operating margin held steady at 22.1% compared to the same quarter last year, whilst free cash flow margin declined to 15.7% from 18.8%. Analysts project revenue growth of 4.2% over the next 12 months, representing a deceleration from recent performance. Allegion's market capitalisation stands at $12.03 billion.
Allegion US is unveiling new interoperable electronic access control solutions at NAA Apartmentalize 2026, including integrations between Schlage Zentra and Gatewise platforms. The security solutions provider is showcasing its Schlage XE360 Series with RealSync technology, which provides real-time connectivity via existing Wi-Fi infrastructure without requiring additional gateways or hubs. The company is expanding the XE360 hardware lineup with a new deadbolt option featuring an interchangeable FleX Module. Zentra and Gatewise are also collaborating on a guest access solution that replaces physical intercoms with QR code-based digital directory access. Allegion announced its Campus-to-Community experience, a mobile-first ecosystem for student housing. The solutions aim to give multifamily property managers centralized control from perimeter gates to apartment doors whilst reducing maintenance complexity.
Allegion president and CEO John H. Stone will present at the 2026 Wells Fargo Industrials & Materials Conference on 9 June at Loews Chicago Hotel. The session will focus on the company's long-term strategy and will be available via live webcast on Allegion's investor website. Allegion designs and manufactures security and access solutions, including locks, door hardware and access control systems under brands such as Schlage, Von Duprin and LCN. The company reported $4.1 billion in revenue in 2025. Its products serve residential and commercial markets globally.
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About Allegion
Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Dublin, Ireland
Founded
1908
Allegion is Hiring for 276 Jobs on Simplify!
Find jobs on Simplify and start your career today