Allison Transmission Holdings, Inc. (ALSN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.61	$2.73	+4.6%	—	$1.6B	—
Q1 26	$2.1	$2.57	+22.4%	—	$1.4B	—
Q3 25	$1.85	$1.75	-5.4%	—	$693M	—
Q2 25	$2.22	$2.25	+1.4%	—	$814M	—
Q1 25	$1.98	$2.25	+13.6%	—	$766M	—
Q4 24	$1.93	$2.05	+6.2%	—	$796M	—
Q3 24	$1.98	$2.28	+15.2%	—	$824M	—
Q2 24	$2.03	$2.22	+9.4%	—	$816M	—
Q1 24	$1.85	$2.1	+13.5%	—	$789M	—
Q4 23	$1.5	$2.04	+36.0%	—	—	—
Q3 23	$1.75	$1.76	+0.6%	—	$736M	—
Q2 23	$1.62	$1.92	+18.5%	—	$783M	—
Q1 23	$1.54	$1.85	+20.1%	—	$741M	—
Q4 22	$1.25	$1.52	+21.6%	—	$718M	—
Q3 22	$1.29	$1.45	+12.4%	—	$710M	—
Q2 22	$1.35	$1.26	-6.7%	—	$664M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7.42	—	—	$3B	—
FY24	—	$8.4	—	—	$3.2B	—
FY23	—	$7.48	—	—	—	—
FY22	—	$5.53	—	—	$2.8B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.8B	$2.3B	$2.7B	$2.7B	$2.1B	$2.4B	$2.8B	—	$3.2B	$3B
YoY change	-7.35%	+22.9%	+19.9%	-0.55%	-22.9%	+15.4%	+15.3%	—	—	-6.67%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.8B	2.3B	2.7B	2.7B	2.1B	2.4B	2.8B	—	3.2B	3B
Cost of revenue	976M	1.1B	1.3B	1.3B	1.1B	1.3B	1.5B	—	1.7B	1.5B
Gross profit	864M	1.1B	1.4B	1.4B	998M	1.1B	1.3B	—	1.5B	1.5B
Gross margin	47%	50%	52.4%	51.7%	48%	47.7%	46.8%	—	47.4%	48.6%
Research & development	88M	105M	131M	154M	147M	171M	185M	—	200M	174M
Selling, general & administrative	324M	342M	368M	356M	317M	305M	328M	—	337M	380M
Operating expenses	411M	452M	503M	502M	464M	476M	513M	—	537M	554M
Operating income	452M	684M	923M	892M	534M	669M	784M	—	992M	909M
Operating margin	24.6%	30.2%	34%	33.1%	25.7%	27.9%	28.3%	—	30.8%	30.2%
Non-operating income, net	2M	-54M	3M	10M	-4M	19M	-21M	—	-6M	-13M
Pretax income	341M	527M	805M	768M	393M	572M	645M	—	897M	804M
Income tax	126M	23M	166M	164M	94M	130M	114M	—	166M	181M
Net income	215M	504M	639M	604M	299M	442M	531M	—	731M	623M
Net margin	11.7%	22.3%	23.6%	22.4%	14.4%	18.4%	19.2%	—	22.7%	20.7%
EBITDA	617M	837M	1.1B	1.1B	678M	836M	956M	—	1.1B	1B
EPS	1.28	3.38	4.81	4.95	2.62	4.13	5.53	7.48	8.4	7.42
Diluted EPS	1.27	3.36	4.78	4.91	2.62	4.13	5.53	7.4	8.31	7.33

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	736M	—	789M	816M	824M	796M	766M	814M	693M	737M	1.4B	1.6B
Cost of revenue	379M	—	423M	422M	428M	423M	388M	412M	364M	383M	1B	1.1B
Gross profit	357M	—	366M	394M	396M	373M	378M	402M	329M	354M	406M	515M
Gross margin	48.5%	—	46.4%	48.3%	48.1%	46.9%	49.3%	49.4%	47.5%	48%	28.9%	32.9%
Research & development	49M	—	46M	49M	51M	54M	43M	44M	43M	44M	54M	56M
Selling, general & administrative	86M	—	86M	82M	85M	84M	86M	102M	82M	110M	157M	168M
Operating expenses	135M	—	132M	131M	136M	138M	129M	146M	125M	154M	211M	224M
Operating income	222M	—	234M	263M	260M	235M	249M	256M	204M	200M	195M	291M
Operating margin	30.2%	—	29.7%	32.2%	31.6%	29.5%	32.5%	31.4%	29.4%	27.1%	13.9%	18.6%
Non-operating income, net	-2M	—	-5M	-7M	10M	-4M	5M	8M	2M	-28M	-2M	-9M
Pretax income	193M	—	204M	234M	249M	210M	233M	242M	182M	147M	132M	228M
Income tax	35M	—	35M	47M	49M	35M	41M	47M	45M	48M	20M	47M
Net income	158M	—	169M	187M	200M	175M	192M	195M	137M	99M	112M	181M
Net margin	21.5%	—	21.4%	22.9%	24.3%	22%	25.1%	24%	19.8%	13.4%	7.97%	11.6%
EBITDA	259M	—	261M	285M	299M	262M	284M	294M	238M	204M	273M	367M
EPS	1.76	1.91	1.92	2.15	2.3	2.03	2.26	2.32	1.63	1.19	1.35	2.18
Diluted EPS	1.76	1.91	1.9	2.13	2.27	2.01	2.23	2.29	1.63	1.18	1.33	2.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.7B	—	—	5.9B	4.9B	3.9B	—	5.2B	9.4B	8.2B	9.4B
Enterprise value	7.6B	—	—	8.2B	7.1B	6.3B	—	5.2B	11B	9.6B	13.2B
Shares outstanding	167.9M	149.1M	132.8M	122M	114.1M	107M	96M	90M	87M	84M	84M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.3	—	—	9.76	16.5	8.8	—	—	12.9	13.2	18
P/S	3.07	—	—	2.19	2.37	1.62	—	—	2.92	2.73	2.14
P/B	5.23	—	—	7.55	6.51	6.14	—	—	5.7	4.4	4.76
EV/EBITDA	12.3	—	—	7.7	10.5	7.51	—	—	9.84	9.27	11.1
EV/Sales	4.14	—	—	3.05	3.43	2.61	—	—	3.42	3.19	3
Earnings yield	3.8%	—	—	10.2%	6.07%	11.4%	—	—	7.77%	7.58%	5.55%
FCF yield	9.19%	—	—	11.4%	9.06%	11.8%	—	—	7%	8.04%	2.25%
PEG	—	—	—	—	—	—	—	—	—	—	-2.99

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	47%	50%	52.4%	51.7%	48%	47.7%	46.8%	—	47.4%	48.6%	32.9%
Operating margin	24.6%	30.2%	34%	33.1%	25.7%	27.9%	28.3%	—	30.8%	30.2%	19.1%
Net margin	11.7%	22.3%	23.6%	22.4%	14.4%	18.4%	19.2%	—	22.7%	20.7%	12%
ROE	19.9%	73.1%	97%	77.3%	39.6%	69.7%	60.8%	—	44.3%	33.4%	28.3%
ROA	5.1%	12%	15.1%	13.6%	6.68%	9.92%	11.4%	—	13.7%	10.2%	8.46%
ROIC	9.39%	21.5%	24.8%	22.5%	13.7%	17.1%	20.5%	—	24.7%	21.6%	12%
Return on tangible assets	-10%	-25.4%	-36%	-35.2%	-19%	-26.8%	-33%	—	-159.6%	-943.9%	-437.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.6	1.52	1.7	1.65	2.03	1.46	1.8	—	3.04	4.85	1.81
Quick ratio	1.23	1.15	1.3	1.17	1.54	1.02	1.34	—	2.42	4.17	1.17
Debt / equity	2	3.7	3.83	3.23	3.33	3.97	2.87	—	1.46	1.55	2.12
Debt / assets	0.51	0.61	0.6	0.57	0.56	0.56	0.54	—	0.45	0.48	0.47
Net debt / EBITDA	3.17	2.8	2.1	2.18	3.26	2.86	2.38	—	1.45	1.35	3.43
Interest coverage	4.38	6.12	7.65	6.73	3.87	5.93	6.47	—	11.1	9.74	5.2
Effective tax rate	37%	4.36%	20.6%	21.4%	23.9%	22.7%	17.7%	—	18.5%	22.5%	23.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	11	15.2	20.4	22.1	18.2	22.4	28.8	—	37.1	35.8	53
EPS (basic)	1.28	3.38	4.81	4.95	2.62	4.13	5.53	7.48	8.4	7.42	7.42
EPS (diluted)	1.27	3.36	4.78	4.91	2.62	4.13	5.53	7.4	8.31	7.33	6.32
Book value per share	6.44	4.62	4.96	6.4	6.62	5.92	9.1	—	19	22.2	23.9
FCF per share	3.1	3.8	5.55	5.53	3.91	4.3	5.1	—	7.56	7.87	8.75
Cash per share	1.22	1.33	1.74	1.57	2.72	1.19	2.42	—	8.97	17.8	4.83
Capex per share	0.42	0.61	0.75	1.41	1.01	1.64	1.74	—	1.64	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.86%	4.02%	3.69%	6.38%	5.53%	7.29%	6.03%	—	4.43%	—	—
Capex / operating cash flow	11.9%	14.2%	11.9%	20.3%	20.5%	27.3%	26.3%	—	18.2%	—	—
Payout ratio	46.5%	17.7%	12.5%	12.1%	26.1%	18.3%	15.1%	—	11.9%	14.6%	17.7%
Dividend yield	1.77%	—	—	1.24%	1.58%	2.08%	—	—	0.93%	1.11%	1.02%

Yield

1.02%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.29

ex-dividend Aug 21, 2026

Payout ratio

18%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.29
May 18, 2026	$0.29
Mar 9, 2026	$0.29
Nov 21, 2025	$0.27

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$736M	—	$789M	$816M	$824M	$796M	$766M	$814M	$693M	$737M	$1.4B	$1.6B
YoY change	+3.66%	—	+6.48%	+4.21%	+12%	—	-2.92%	-0.25%	-15.9%	-7.41%	+83.6%	+92.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	205M	199M	231M	192M	310M	127M	232M	—	781M	1.5B
Receivables	197M	221M	279M	253M	228M	301M	363M	—	360M	333M
Inventory	126M	154M	170M	199M	181M	204M	224M	—	315M	316M
Total current assets	548M	632M	725M	686M	756M	671M	866M	—	1.5B	2.2B
Property, plant & equipment	161M	126M	130M	274M	215M	141M	60M	937M	266M	98M
Goodwill & intangibles	6.4B	6.2B	6B	6.2B	6.1B	6.1B	6.3B	4.1B	5.8B	6.1B
Total assets	4.2B	4.2B	4.2B	4.5B	4.5B	4.5B	4.7B	—	5.3B	6.1B
Accounts payable	128M	159M	169M	150M	157M	179M	195M	—	212M	190M
Short-term debt	12M	12M	—	11M	10M	10M	10M	—	11M	5M
Total current liabilities	342M	417M	426M	417M	373M	459M	480M	—	506M	460M
Long-term debt	2.1B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	—	2.4B	2.9B
Total liabilities	3.1B	3.5B	3.6B	3.7B	3.7B	3.8B	3.8B	—	3.7B	4.2B
Shareholders' equity	1.1B	689M	659M	781M	756M	634M	874M	—	1.7B	1.9B
Total debt	2.2B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	—	2.4B	2.9B
Net debt	2B	2.3B	2.3B	2.3B	2.2B	2.4B	2.3B	—	1.6B	1.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	501M	—	551M	648M	788M	781M	753M	778M	902M	1.5B	311M	399M
Receivables	372M	—	392M	383M	393M	360M	381M	375M	329M	333M	892M	911M
Inventory	281M	—	289M	303M	326M	315M	349M	341M	331M	316M	835M	840M
Total current assets	1.2B	—	1.3B	1.4B	1.6B	1.5B	1.6B	1.6B	1.7B	2.2B	2.3B	2.4B
Property, plant & equipment	—	937M	—	—	—	266M	—	—	—	98M	—	—
Goodwill & intangibles	5.8B	4.1B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	6.1B	9B	8.8B
Total assets	5B	—	5.1B	5.2B	5.4B	5.3B	5.4B	5.4B	5.5B	6.1B	8.7B	8.7B
Accounts payable	238M	—	244M	249M	272M	212M	241M	231M	192M	190M	728M	806M
Short-term debt	10M	—	10M	10M	10M	11M	5M	5M	5M	5M	20M	20M
Total current liabilities	504M	—	518M	511M	563M	506M	513M	472M	438M	460M	1.2B	1.3B
Long-term debt	2.5B	—	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.9B	4.2B	4.1B
Total liabilities	3.8B	—	3.7B	3.7B	3.7B	3.7B	3.7B	3.7B	3.7B	4.2B	6.8B	6.7B
Shareholders' equity	1.2B	—	1.3B	1.5B	1.6B	1.7B	1.7B	1.8B	1.8B	1.9B	1.9B	2B
Total debt	2.5B	—	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.9B	4.3B	4.1B
Net debt	2B	—	1.9B	1.8B	1.6B	1.6B	1.6B	1.6B	1.5B	1.4B	4B	3.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	215M	504M	639M	604M	299M	442M	531M	—	731M	623M
Depreciation & amortization	176M	170M	164M	167M	148M	150M	155M	—	121M	124M
Stock-based compensation	9M	12M	13M	13M	17M	14M	18M	—	26M	27M
Change in working capital	64M	-3M	-48M	-15M	2M	-32M	-71M	—	-77M	-27M
Operating cash flow	597M	639M	837M	847M	561M	642M	635M	—	785M	836M
Capital expenditure	-71M	-91M	-100M	-172M	-115M	-175M	-167M	—	-143M	—
Investing cash flow	-71.8M	-185M	-203M	-577M	-226M	-212M	-183M	-6M	-147M	-9M
Dividends paid	-100M	-89M	-80M	-73M	-78M	-81M	-80M	—	-87M	-91M
Share repurchases	-256M	-885M	-609M	-393M	-225M	-513M	-278M	—	-254M	-328M
Financing cash flow	-588M	-1B	-722M	-575M	-1.1B	-607M	-369M	0	-459M	49M
Net change in cash	-62.8M	-554M	-88M	-305M	-802M	-177M	83M	-6M	179M	876M
Free cash flow	520M	567M	737M	675M	446M	460M	490M	—	658M	661M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	158M	—	169M	187M	200M	175M	192M	195M	137M	99M	112M	181M
Depreciation & amortization	39M	—	32M	29M	29M	31M	30M	30M	32M	32M	80M	85M
Stock-based compensation	6M	—	6M	8M	6M	6M	6M	8M	6M	7M	7M	10M
Change in working capital	11M	—	-38M	-58M	15M	4M	-43M	-43M	6M	56M	-53M	23M
Operating cash flow	210M	—	166M	163M	248M	208M	184M	184M	228M	243M	156M	312M
Capital expenditure	-30M	—	-11M	-21M	-36M	-75M	-26M	—	—	—	—	—
Investing cash flow	-30M	-1M	-12M	-23M	-36M	-77M	-26M	-2M	-5M	-2M	-2.6B	33M
Dividends paid	-20M	—	-22M	-22M	-22M	-21M	-24M	-22M	-23M	-22M	-25M	-24M
Share repurchases	-20M	—	-52M	-31M	-50M	-121M	-150M	-105M	-27M	-46M	-20M	-46M
Financing cash flow	-44M	0	-186M	-56M	-73M	-144M	-189M	-134M	-53M	-75M	1.1B	-225M
Net change in cash	136M	-1M	-32M	84M	139M	-13M	-31M	48M	170M	166M	-1.3B	120M
Free cash flow	182M	—	162M	150M	210M	136M	155M	153M	184M	169M	103M	281M

Allison Transmission Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement