What is Allegion's foreign operations?

Allegion (ALLE) reported foreign operations of -9.7% in Q4 2024.

What does foreign operations mean?

The effect of international tax rates and foreign earnings on the company's total effective tax rate.

How do you interpret foreign operations?

A lower effective rate due to foreign operations suggests effective global tax management, while a higher rate may indicate tax inefficiencies in foreign markets.

How does foreign operations compare across companies?

Highly relevant for global manufacturers like Allegion, Assa Abloy, and Dormakaba.

Allegion ALLE Foreign operations

Foreign operations at other companies

Regal RexnordRRX

-$1.65M-146%

Hyatt HotelsH

$1.5M—

Kimberly-ClarkKMB

$10.75M-44.9%

AccentureACN

0%—

Ford Motor CompanyF

-0.2%-7.9pp

Hyatt HotelsH

-7%—

Other financials

Income statement

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Revenue$1.0B+9.7%

Gross profit$454.5M+7.6%

Operating income$195.3M-0.6%

Net income$138.1M-6.8%

EPS (diluted)$1.59-7.0%

Balance sheet

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Cash & equivalents$308.9M-37.5%

Total debt$2.2B+3.6%

Total equity$2.1B+30.8%

Total assets$5.3B+16.4%

Cash flow

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Operating cash flow$101.3M-3.1%

CapEx$21.0M-0.5%

Free cash flow$80.3M-3.7%

Valuation

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Market cap$11.48B+11.2%

Enterprise value$13.39B+11.8%

P/E18.1×+1.5×

P/S2.8×+0.1×

Profitability

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Gross margin45%+0.5pp

Operating margin20.6%-0.4pp

Net margin15.2%-1.0pp

FCF margin16.4%-0.4pp

Returns & leverage

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Return on equity34.2%-7.9pp

Debt / equity1.1×-0.3×

Current ratio1.9×-0.3×

Where this comes from

Reported directly by Allegion in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: Allegion’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Allegion's foreign operations?: Allegion (ALLE) reported foreign operations of -9.7% in Q4 2024.
What does foreign operations mean?: The effect of international tax rates and foreign earnings on the company's total effective tax rate.
How do you interpret foreign operations?: A lower effective rate due to foreign operations suggests effective global tax management, while a higher rate may indicate tax inefficiencies in foreign markets.
How does foreign operations compare across companies?: Highly relevant for global manufacturers like Allegion, Assa Abloy, and Dormakaba.