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Side-by-side financial comparison of Allegion (ALLE) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $822.5M, roughly 1.3× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 13.4%, a 21.2% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 9.7%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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...
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
ALLE vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $822.5M |
| Net Profit | $138.1M | $284.7M |
| Gross Margin | 44.0% | — |
| Operating Margin | 18.9% | 56.4% |
| Net Margin | 13.4% | 34.6% |
| Revenue YoY | 9.7% | 10.6% |
| Net Profit YoY | -6.8% | -6.8% |
| EPS (diluted) | — | $3.81 |
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 | — | ||
| Q4 25 | $1.0B | $822.5M | ||
| Q3 25 | $1.1B | $793.4M | ||
| Q2 25 | $1.0B | $772.7M | ||
| Q1 25 | $941.9M | $745.8M | ||
| Q4 24 | $945.6M | $743.5M | ||
| Q3 24 | $967.1M | $724.7M | ||
| Q2 24 | $965.6M | $707.9M |
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $284.7M | ||
| Q3 25 | $188.4M | $325.4M | ||
| Q2 25 | $159.7M | $303.6M | ||
| Q1 25 | $148.2M | $288.6M | ||
| Q4 24 | $144.1M | $305.5M | ||
| Q3 24 | $174.2M | $280.9M | ||
| Q2 24 | $155.4M | $266.8M |
| 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% | 56.4% | ||
| Q3 25 | 21.8% | 56.4% | ||
| Q2 25 | 21.5% | 55.0% | ||
| Q1 25 | 20.9% | 50.6% | ||
| Q4 24 | 19.5% | 54.5% | ||
| Q3 24 | 22.2% | 55.4% | ||
| Q2 24 | 21.6% | 54.0% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 34.6% | ||
| Q3 25 | 17.6% | 41.0% | ||
| Q2 25 | 15.6% | 39.3% | ||
| Q1 25 | 15.7% | 38.7% | ||
| Q4 24 | 15.2% | 41.1% | ||
| Q3 24 | 18.0% | 38.8% | ||
| Q2 24 | 16.1% | 37.7% |
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $3.81 | ||
| Q3 25 | $2.18 | $4.25 | ||
| Q2 25 | $1.85 | $3.92 | ||
| Q1 25 | $1.71 | $3.71 | ||
| Q4 24 | $1.65 | $3.89 | ||
| Q3 24 | $1.99 | $3.57 | ||
| Q2 24 | $1.77 | $3.37 |
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 | $515.3M |
| Total DebtLower is stronger | $2.0B | $6.2B |
| Stockholders' EquityBook value | $2.1B | $-2.7B |
| Total Assets | $5.3B | $5.7B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $515.3M | ||
| Q3 25 | $302.7M | $400.1M | ||
| Q2 25 | $656.8M | $347.3M | ||
| Q1 25 | $494.5M | $360.7M | ||
| Q4 24 | $503.8M | $409.4M | ||
| Q3 24 | $878.9M | $501.0M | ||
| Q2 24 | $747.5M | $451.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $6.2B | ||
| Q3 25 | $2.1B | $5.5B | ||
| Q2 25 | $2.1B | $4.5B | ||
| Q1 25 | $2.0B | $4.5B | ||
| Q4 24 | $2.0B | $4.5B | ||
| Q3 24 | $2.4B | $4.5B | ||
| Q2 24 | $2.4B | $4.5B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $-2.7B | ||
| Q3 25 | $1.9B | $-1.9B | ||
| Q2 25 | $1.8B | $-886.2M | ||
| Q1 25 | $1.6B | $-958.6M | ||
| Q4 24 | $1.5B | $-940.0M | ||
| Q3 24 | $1.6B | $-751.0M | ||
| Q2 24 | $1.4B | $-734.5M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $5.7B | ||
| Q3 25 | $5.2B | $5.4B | ||
| Q2 25 | $4.9B | $5.4B | ||
| Q1 25 | $4.6B | $5.3B | ||
| Q4 24 | $4.5B | $5.4B | ||
| Q3 24 | $5.0B | $5.4B | ||
| Q2 24 | $4.8B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | 2.0% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.73× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $501.1M | ||
| Q3 25 | $229.5M | $449.4M | ||
| Q2 25 | $209.7M | $336.1M | ||
| Q1 25 | $104.5M | $301.7M | ||
| Q4 24 | $219.0M | $430.6M | ||
| Q3 24 | $231.9M | $421.6M | ||
| Q2 24 | $173.0M | $349.2M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $488.7M | ||
| Q3 25 | $209.8M | $445.5M | ||
| Q2 25 | $192.0M | $324.7M | ||
| Q1 25 | $83.4M | $290.2M | ||
| Q4 24 | $194.9M | $416.4M | ||
| Q3 24 | $212.0M | $415.0M | ||
| Q2 24 | $152.1M | $340.6M |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 59.4% | ||
| Q3 25 | 19.6% | 56.2% | ||
| Q2 25 | 18.8% | 42.0% | ||
| Q1 25 | 8.9% | 38.9% | ||
| Q4 24 | 20.6% | 56.0% | ||
| Q3 24 | 21.9% | 57.3% | ||
| Q2 24 | 15.8% | 48.1% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 1.5% | ||
| Q3 25 | 1.8% | 0.5% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 2.5% | 1.9% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 2.2% | 1.2% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.76× | ||
| Q3 25 | 1.22× | 1.38× | ||
| Q2 25 | 1.31× | 1.11× | ||
| Q1 25 | 0.71× | 1.05× | ||
| Q4 24 | 1.52× | 1.41× | ||
| Q3 24 | 1.33× | 1.50× | ||
| Q2 24 | 1.11× | 1.31× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
