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Side-by-side financial comparison of Allegion (ALLE) and Alexandria Real Estate Equities (ARE). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $671.0M, roughly 1.5× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 13.4%, a 46.0% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.7% vs -11.5%). Over the past eight quarters, Allegion's revenue compounded faster (3.5% CAGR vs -6.4%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
ALLE vs ARE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $671.0M |
| Net Profit | $138.1M | $398.4M |
| Gross Margin | 44.0% | — |
| Operating Margin | 18.9% | — |
| Net Margin | 13.4% | 59.4% |
| Revenue YoY | 9.7% | -11.5% |
| Net Profit YoY | -6.8% | 740.6% |
| EPS (diluted) | — | $2.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.0B | $671.0M | ||
| Q4 25 | $1.0B | $754.4M | ||
| Q3 25 | $1.1B | $751.9M | ||
| Q2 25 | $1.0B | $762.0M | ||
| Q1 25 | $941.9M | $758.2M | ||
| Q4 24 | $945.6M | $788.9M | ||
| Q3 24 | $967.1M | $791.6M | ||
| Q2 24 | $965.6M | $766.7M |
| Q1 26 | $138.1M | $398.4M | ||
| Q4 25 | $147.5M | $-1.1B | ||
| Q3 25 | $188.4M | $-232.8M | ||
| Q2 25 | $159.7M | $-107.0M | ||
| Q1 25 | $148.2M | $-8.9M | ||
| Q4 24 | $144.1M | $-62.2M | ||
| Q3 24 | $174.2M | $167.9M | ||
| Q2 24 | $155.4M | $46.7M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 21.6% | — |
| Q1 26 | 13.4% | 59.4% | ||
| Q4 25 | 14.3% | -143.3% | ||
| Q3 25 | 17.6% | -31.0% | ||
| Q2 25 | 15.6% | -14.0% | ||
| Q1 25 | 15.7% | -1.2% | ||
| Q4 24 | 15.2% | -7.9% | ||
| Q3 24 | 18.0% | 21.2% | ||
| Q2 24 | 16.1% | 6.1% |
| Q1 26 | — | $2.10 | ||
| Q4 25 | $1.70 | $-6.35 | ||
| Q3 25 | $2.18 | $-1.38 | ||
| Q2 25 | $1.85 | $-0.64 | ||
| Q1 25 | $1.71 | $-0.07 | ||
| Q4 24 | $1.65 | $-0.38 | ||
| Q3 24 | $1.99 | $0.96 | ||
| Q2 24 | $1.77 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $308.9M | $418.7M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $19.4B |
| Total Assets | $5.3B | $34.2B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | $418.7M | ||
| Q4 25 | $356.2M | $549.1M | ||
| Q3 25 | $302.7M | $579.5M | ||
| Q2 25 | $656.8M | $520.5M | ||
| Q1 25 | $494.5M | $476.4M | ||
| Q4 24 | $503.8M | $552.1M | ||
| Q3 24 | $878.9M | $562.6M | ||
| Q2 24 | $747.5M | $561.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $12.4B | ||
| Q3 25 | $2.1B | $13.6B | ||
| Q2 25 | $2.1B | $13.3B | ||
| Q1 25 | $2.0B | $13.1B | ||
| Q4 24 | $2.0B | $12.2B | ||
| Q3 24 | $2.4B | $12.7B | ||
| Q2 24 | $2.4B | $12.4B |
| Q1 26 | $2.1B | $19.4B | ||
| Q4 25 | $2.1B | $15.5B | ||
| Q3 25 | $1.9B | $16.6B | ||
| Q2 25 | $1.8B | $17.2B | ||
| Q1 25 | $1.6B | $17.5B | ||
| Q4 24 | $1.5B | $17.9B | ||
| Q3 24 | $1.6B | $18.2B | ||
| Q2 24 | $1.4B | $18.3B |
| Q1 26 | $5.3B | $34.2B | ||
| Q4 25 | $5.2B | $34.1B | ||
| Q3 25 | $5.2B | $37.4B | ||
| Q2 25 | $4.9B | $37.6B | ||
| Q1 25 | $4.6B | $37.6B | ||
| Q4 24 | $4.5B | $37.5B | ||
| Q3 24 | $5.0B | $38.5B | ||
| Q2 24 | $4.8B | $37.8B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 0.80× | ||
| Q3 25 | 1.07× | 0.82× | ||
| Q2 25 | 1.16× | 0.77× | ||
| Q1 25 | 1.24× | 0.75× | ||
| Q4 24 | 1.33× | 0.68× | ||
| Q3 24 | 1.53× | 0.70× | ||
| Q2 24 | 1.69× | 0.68× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $101.3M | $475.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 2.0% | 76.0% |
| Cash ConversionOCF / Net Profit | 0.73× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | $475.0M | ||
| Q4 25 | $240.1M | $312.4M | ||
| Q3 25 | $229.5M | $433.5M | ||
| Q2 25 | $209.7M | $460.2M | ||
| Q1 25 | $104.5M | $207.9M | ||
| Q4 24 | $219.0M | $274.2M | ||
| Q3 24 | $231.9M | $477.4M | ||
| Q2 24 | $173.0M | $411.8M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | — | ||
| Q3 25 | $209.8M | — | ||
| Q2 25 | $192.0M | — | ||
| Q1 25 | $83.4M | — | ||
| Q4 24 | $194.9M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $152.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 21.9% | — | ||
| Q2 24 | 15.8% | — |
| Q1 26 | 2.0% | 76.0% | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | 0.73× | 1.19× | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | 2.84× | ||
| Q2 24 | 1.11× | 8.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
