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Side-by-side financial comparison of Allegion (ALLE) and Garmin (GRMN). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($1.8B vs $1.0B, roughly 1.7× Allegion). Garmin runs the higher net margin — 23.1% vs 13.4%, a 9.7% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (14.0% vs 9.7%). Over the past eight quarters, Garmin's revenue compounded faster (7.9% CAGR vs 3.5%).
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...
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
ALLE vs GRMN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.8B |
| Net Profit | $138.1M | $405.1M |
| Gross Margin | 44.0% | 59.4% |
| Operating Margin | 18.9% | 24.6% |
| Net Margin | 13.4% | 23.1% |
| Revenue YoY | 9.7% | 14.0% |
| Net Profit YoY | -6.8% | 21.7% |
| EPS (diluted) | — | $2.09 |
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 | $1.8B | ||
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $941.9M | $1.5B | ||
| Q4 24 | $945.6M | $1.8B | ||
| Q3 24 | $967.1M | $1.6B | ||
| Q2 24 | $965.6M | $1.5B |
| Q1 26 | $138.1M | $405.1M | ||
| Q4 25 | $147.5M | $528.7M | ||
| Q3 25 | $188.4M | $401.6M | ||
| Q2 25 | $159.7M | $400.8M | ||
| Q1 25 | $148.2M | $332.8M | ||
| Q4 24 | $144.1M | $435.7M | ||
| Q3 24 | $174.2M | $399.1M | ||
| Q2 24 | $155.4M | $300.6M |
| Q1 26 | 44.0% | 59.4% | ||
| Q4 25 | 44.5% | 59.2% | ||
| Q3 25 | 45.8% | 59.1% | ||
| Q2 25 | 45.6% | 58.8% | ||
| Q1 25 | 44.9% | 57.6% | ||
| Q4 24 | 44.1% | 59.3% | ||
| Q3 24 | 44.7% | 60.0% | ||
| Q2 24 | 44.4% | 57.3% |
| Q1 26 | 18.9% | 24.6% | ||
| Q4 25 | 20.3% | 28.9% | ||
| Q3 25 | 21.8% | 25.8% | ||
| Q2 25 | 21.5% | 26.0% | ||
| Q1 25 | 20.9% | 21.7% | ||
| Q4 24 | 19.5% | 28.3% | ||
| Q3 24 | 22.2% | 27.6% | ||
| Q2 24 | 21.6% | 22.7% |
| Q1 26 | 13.4% | 23.1% | ||
| Q4 25 | 14.3% | 24.9% | ||
| Q3 25 | 17.6% | 22.7% | ||
| Q2 25 | 15.6% | 22.1% | ||
| Q1 25 | 15.7% | 21.7% | ||
| Q4 24 | 15.2% | 23.9% | ||
| Q3 24 | 18.0% | 25.2% | ||
| Q2 24 | 16.1% | 20.0% |
| Q1 26 | — | $2.09 | ||
| Q4 25 | $1.70 | $2.72 | ||
| Q3 25 | $2.18 | $2.08 | ||
| Q2 25 | $1.85 | $2.07 | ||
| Q1 25 | $1.71 | $1.72 | ||
| Q4 24 | $1.65 | $2.24 | ||
| Q3 24 | $1.99 | $2.07 | ||
| Q2 24 | $1.77 | $1.56 |
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 | $2.3B |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $5.3B | $11.0B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | $2.3B | ||
| Q4 25 | $356.2M | $2.3B | ||
| Q3 25 | $302.7M | $2.1B | ||
| Q2 25 | $656.8M | $2.1B | ||
| Q1 25 | $494.5M | $2.2B | ||
| Q4 24 | $503.8M | $2.1B | ||
| Q3 24 | $878.9M | $2.0B | ||
| Q2 24 | $747.5M | $1.9B |
| 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 | — | ||
| Q4 25 | $2.1B | $9.0B | ||
| Q3 25 | $1.9B | $8.5B | ||
| Q2 25 | $1.8B | $8.1B | ||
| Q1 25 | $1.6B | $8.2B | ||
| Q4 24 | $1.5B | $7.8B | ||
| Q3 24 | $1.6B | $7.5B | ||
| Q2 24 | $1.4B | $7.0B |
| Q1 26 | $5.3B | $11.0B | ||
| Q4 25 | $5.2B | $11.0B | ||
| Q3 25 | $5.2B | $10.5B | ||
| Q2 25 | $4.9B | $10.3B | ||
| Q1 25 | $4.6B | $9.8B | ||
| Q4 24 | $4.5B | $9.6B | ||
| Q3 24 | $5.0B | $9.3B | ||
| Q2 24 | $4.8B | $8.9B |
| 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 | $536.0M |
| Free Cash FlowOCF − Capex | — | $469.4M |
| FCF MarginFCF / Revenue | — | 26.8% |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 0.73× | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | $536.0M | ||
| Q4 25 | $240.1M | $553.8M | ||
| Q3 25 | $229.5M | $485.6M | ||
| Q2 25 | $209.7M | $173.2M | ||
| Q1 25 | $104.5M | $420.8M | ||
| Q4 24 | $219.0M | $483.9M | ||
| Q3 24 | $231.9M | $258.0M | ||
| Q2 24 | $173.0M | $255.3M |
| Q1 26 | — | $469.4M | ||
| Q4 25 | $200.5M | $429.6M | ||
| Q3 25 | $209.8M | $425.1M | ||
| Q2 25 | $192.0M | $127.5M | ||
| Q1 25 | $83.4M | $380.7M | ||
| Q4 24 | $194.9M | $399.2M | ||
| Q3 24 | $212.0M | $219.4M | ||
| Q2 24 | $152.1M | $218.2M |
| Q1 26 | — | 26.8% | ||
| Q4 25 | 19.4% | 20.2% | ||
| Q3 25 | 19.6% | 24.0% | ||
| Q2 25 | 18.8% | 7.0% | ||
| Q1 25 | 8.9% | 24.8% | ||
| Q4 24 | 20.6% | 21.9% | ||
| Q3 24 | 21.9% | 13.8% | ||
| Q2 24 | 15.8% | 14.5% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 5.8% | ||
| Q3 25 | 1.8% | 3.4% | ||
| Q2 25 | 1.7% | 2.5% | ||
| Q1 25 | 2.2% | 2.6% | ||
| Q4 24 | 2.5% | 4.6% | ||
| Q3 24 | 2.1% | 2.4% | ||
| Q2 24 | 2.2% | 2.5% |
| Q1 26 | 0.73× | 1.32× | ||
| Q4 25 | 1.63× | 1.05× | ||
| Q3 25 | 1.22× | 1.21× | ||
| Q2 25 | 1.31× | 0.43× | ||
| Q1 25 | 0.71× | 1.26× | ||
| Q4 24 | 1.52× | 1.11× | ||
| Q3 24 | 1.33× | 0.65× | ||
| Q2 24 | 1.11× | 0.85× |
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% |
GRMN
Segment breakdown not available.
