Allegion plc stock research
FY2025 Q1
Allegion (ALLE) Gross Margin — Quarter Ended Mar 31, 2025
Revenue was slightly lower than the prior quarter but higher than the same quarter last year. Gross profit and gross margin both improved compared to the prior quarter and the year-ago quarter, while cost of revenue decreased sequentially and increased year-over-year.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue was slightly lower than the prior quarter but higher than the same quarter last year. Gross profit and gross margin both improved compared to the prior quarter and the year-ago quarter, while cost of revenue decreased sequentially and increased year-over-year.
- The strongest observable margin driver is the improvement in gross margin relative to both the prior quarter and the year-ago quarter, supported by a higher gross profit despite a slight sequential revenue decline.
- Compared to the prior quarter, revenue was slightly lower, gross profit was higher, and gross margin improved. Compared to the same quarter last year, revenue, gross profit, and gross margin were all higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.9%
Gross profit
$422.5M
Revenue
$941.9M
Cost of revenue
$519.4M
Quarter-over-quarter change
+0.8 pts
Year-over-year change
+1.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $965.6M | $428.3M | $537.3M | 44.4% |
| Sep 30, 2024 | $967.1M | $432.1M | $535.0M | 44.7% |
| Dec 31, 2024 | $945.6M | $416.7M | $528.9M | 44.1% |
| Mar 31, 2025 | $941.9M | $422.5M | $519.4M | 44.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+0.8 pts
Year-over-year change
Mar 31, 2024
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the improvement in gross margin relative to both the prior quarter and the year-ago quarter, supported by a higher gross profit despite a slight sequential revenue decline.
Compared to the prior quarter, revenue was slightly lower, gross profit was higher, and gross margin improved. Compared to the same quarter last year, revenue, gross profit, and gross margin were all higher.
Monitor the trend in cost of revenue, which increased year-over-year despite a sequential decline.