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Side-by-side financial comparison of Allegion (ALLE) and BXP, Inc. (BXP). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $872.1M, roughly 1.2× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 13.4%, a 1.9% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.7% vs 0.8%). Over the past eight quarters, Allegion's revenue compounded faster (3.5% CAGR vs 1.3%).
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...
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
ALLE vs BXP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $872.1M |
| Net Profit | $138.1M | $133.0M |
| Gross Margin | 44.0% | — |
| Operating Margin | 18.9% | — |
| Net Margin | 13.4% | 15.3% |
| Revenue YoY | 9.7% | 0.8% |
| Net Profit YoY | -6.8% | 53.0% |
| EPS (diluted) | — | $1.69 |
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 | $872.1M | ||
| Q4 25 | $1.0B | $877.1M | ||
| Q3 25 | $1.1B | $871.5M | ||
| Q2 25 | $1.0B | $868.5M | ||
| Q1 25 | $941.9M | $865.2M | ||
| Q4 24 | $945.6M | $858.6M | ||
| Q3 24 | $967.1M | $859.2M | ||
| Q2 24 | $965.6M | $850.5M |
| Q1 26 | $138.1M | $133.0M | ||
| Q4 25 | $147.5M | $248.4M | ||
| Q3 25 | $188.4M | $-121.7M | ||
| Q2 25 | $159.7M | $89.0M | ||
| Q1 25 | $148.2M | $61.2M | ||
| Q4 24 | $144.1M | $-228.9M | ||
| Q3 24 | $174.2M | $83.6M | ||
| Q2 24 | $155.4M | $79.6M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | 58.8% | ||
| Q3 25 | 45.8% | 59.3% | ||
| Q2 25 | 45.6% | 59.2% | ||
| Q1 25 | 44.9% | 59.2% | ||
| Q4 24 | 44.1% | 59.7% | ||
| Q3 24 | 44.7% | 59.5% | ||
| Q2 24 | 44.4% | 59.8% |
| 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% | 15.3% | ||
| Q4 25 | 14.3% | 28.3% | ||
| Q3 25 | 17.6% | -14.0% | ||
| Q2 25 | 15.6% | 10.2% | ||
| Q1 25 | 15.7% | 7.1% | ||
| Q4 24 | 15.2% | -26.7% | ||
| Q3 24 | 18.0% | 9.7% | ||
| Q2 24 | 16.1% | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $1.70 | $1.56 | ||
| Q3 25 | $2.18 | $-0.77 | ||
| Q2 25 | $1.85 | $0.56 | ||
| Q1 25 | $1.71 | $0.39 | ||
| Q4 24 | $1.65 | $-1.46 | ||
| Q3 24 | $1.99 | $0.53 | ||
| Q2 24 | $1.77 | $0.51 |
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 | $512.8M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $7.7B |
| Total Assets | $5.3B | $25.1B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | $512.8M | ||
| Q4 25 | $356.2M | $1.5B | ||
| Q3 25 | $302.7M | $861.1M | ||
| Q2 25 | $656.8M | $447.0M | ||
| Q1 25 | $494.5M | $398.1M | ||
| Q4 24 | $503.8M | $1.3B | ||
| Q3 24 | $878.9M | $1.4B | ||
| Q2 24 | $747.5M | $685.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
| Q1 26 | $2.1B | $7.7B | ||
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $1.9B | $5.0B | ||
| Q2 25 | $1.8B | $5.3B | ||
| Q1 25 | $1.6B | $5.3B | ||
| Q4 24 | $1.5B | $5.4B | ||
| Q3 24 | $1.6B | $5.8B | ||
| Q2 24 | $1.4B | $5.8B |
| Q1 26 | $5.3B | $25.1B | ||
| Q4 25 | $5.2B | $26.2B | ||
| Q3 25 | $5.2B | $26.0B | ||
| Q2 25 | $4.9B | $25.6B | ||
| Q1 25 | $4.6B | $25.4B | ||
| Q4 24 | $4.5B | $26.1B | ||
| Q3 24 | $5.0B | $26.4B | ||
| Q2 24 | $4.8B | $25.5B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 2.0% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $407.8M | ||
| Q3 25 | $229.5M | $274.2M | ||
| Q2 25 | $209.7M | $353.1M | ||
| Q1 25 | $104.5M | $210.0M | ||
| Q4 24 | $219.0M | $383.7M | ||
| Q3 24 | $231.9M | $286.1M | ||
| Q2 24 | $173.0M | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $362.7M | ||
| Q3 25 | $209.8M | $231.6M | ||
| Q2 25 | $192.0M | $281.5M | ||
| Q1 25 | $83.4M | $152.6M | ||
| Q4 24 | $194.9M | $312.5M | ||
| Q3 24 | $212.0M | $234.5M | ||
| Q2 24 | $152.1M | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 41.4% | ||
| Q3 25 | 19.6% | 26.6% | ||
| Q2 25 | 18.8% | 32.4% | ||
| Q1 25 | 8.9% | 17.6% | ||
| Q4 24 | 20.6% | 36.4% | ||
| Q3 24 | 21.9% | 27.3% | ||
| Q2 24 | 15.8% | 39.1% |
| Q1 26 | 2.0% | 1.5% | ||
| Q4 25 | 3.8% | 5.1% | ||
| Q3 25 | 1.8% | 4.9% | ||
| Q2 25 | 1.7% | 8.2% | ||
| Q1 25 | 2.2% | 6.6% | ||
| Q4 24 | 2.5% | 8.3% | ||
| Q3 24 | 2.1% | 6.0% | ||
| Q2 24 | 2.2% | 4.1% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.64× | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | 3.97× | ||
| Q1 25 | 0.71× | 3.43× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | 3.42× | ||
| Q2 24 | 1.11× | 4.61× |
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% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
