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Side-by-side financial comparison of Allegion (ALLE) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $614.5M, roughly 1.7× Cloudflare, Inc.). Allegion runs the higher net margin — 13.4% vs -2.0%, a 15.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 9.7%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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...
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
ALLE vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $614.5M |
| Net Profit | $138.1M | $-12.1M |
| Gross Margin | 44.0% | 73.6% |
| Operating Margin | 18.9% | -8.0% |
| Net Margin | 13.4% | -2.0% |
| Revenue YoY | 9.7% | 33.6% |
| Net Profit YoY | -6.8% | 6.0% |
| EPS (diluted) | — | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $1.1B | $562.0M | ||
| Q2 25 | $1.0B | $512.3M | ||
| Q1 25 | $941.9M | $479.1M | ||
| Q4 24 | $945.6M | $459.9M | ||
| Q3 24 | $967.1M | $430.1M | ||
| Q2 24 | $965.6M | $401.0M |
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $-12.1M | ||
| Q3 25 | $188.4M | $-1.3M | ||
| Q2 25 | $159.7M | $-50.4M | ||
| Q1 25 | $148.2M | $-38.5M | ||
| Q4 24 | $144.1M | $-12.8M | ||
| Q3 24 | $174.2M | $-15.3M | ||
| Q2 24 | $155.4M | $-15.1M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | 73.6% | ||
| Q3 25 | 45.8% | 74.0% | ||
| Q2 25 | 45.6% | 74.9% | ||
| Q1 25 | 44.9% | 75.9% | ||
| Q4 24 | 44.1% | 76.4% | ||
| Q3 24 | 44.7% | 77.7% | ||
| Q2 24 | 44.4% | 77.8% |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | -8.0% | ||
| Q3 25 | 21.8% | -6.7% | ||
| Q2 25 | 21.5% | -13.1% | ||
| Q1 25 | 20.9% | -11.1% | ||
| Q4 24 | 19.5% | -7.5% | ||
| Q3 24 | 22.2% | -7.2% | ||
| Q2 24 | 21.6% | -8.7% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | -2.0% | ||
| Q3 25 | 17.6% | -0.2% | ||
| Q2 25 | 15.6% | -9.8% | ||
| Q1 25 | 15.7% | -8.0% | ||
| Q4 24 | 15.2% | -2.8% | ||
| Q3 24 | 18.0% | -3.6% | ||
| Q2 24 | 16.1% | -3.8% |
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $-0.03 | ||
| Q3 25 | $2.18 | $0.00 | ||
| Q2 25 | $1.85 | $-0.15 | ||
| Q1 25 | $1.71 | $-0.11 | ||
| Q4 24 | $1.65 | $-0.05 | ||
| Q3 24 | $1.99 | $-0.04 | ||
| Q2 24 | $1.77 | $-0.04 |
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 | $943.5M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $1.5B |
| Total Assets | $5.3B | $6.0B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $943.5M | ||
| Q3 25 | $302.7M | $1.1B | ||
| Q2 25 | $656.8M | $1.5B | ||
| Q1 25 | $494.5M | $204.5M | ||
| Q4 24 | $503.8M | $147.7M | ||
| Q3 24 | $878.9M | $182.9M | ||
| Q2 24 | $747.5M | $157.0M |
| 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 | $1.5B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.6B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $6.0B | ||
| Q3 25 | $5.2B | $5.8B | ||
| Q2 25 | $4.9B | $5.6B | ||
| Q1 25 | $4.6B | $3.7B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $5.0B | $3.1B | ||
| Q2 24 | $4.8B | $2.9B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | — | $105.2M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | 2.0% | 13.9% |
| Cash ConversionOCF / Net Profit | 0.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $190.4M | ||
| Q3 25 | $229.5M | $167.1M | ||
| Q2 25 | $209.7M | $99.8M | ||
| Q1 25 | $104.5M | $145.8M | ||
| Q4 24 | $219.0M | $127.3M | ||
| Q3 24 | $231.9M | $104.7M | ||
| Q2 24 | $173.0M | $74.8M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $105.2M | ||
| Q3 25 | $209.8M | $82.5M | ||
| Q2 25 | $192.0M | $39.9M | ||
| Q1 25 | $83.4M | $59.9M | ||
| Q4 24 | $194.9M | $54.2M | ||
| Q3 24 | $212.0M | $54.5M | ||
| Q2 24 | $152.1M | $45.2M |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 17.1% | ||
| Q3 25 | 19.6% | 14.7% | ||
| Q2 25 | 18.8% | 7.8% | ||
| Q1 25 | 8.9% | 12.5% | ||
| Q4 24 | 20.6% | 11.8% | ||
| Q3 24 | 21.9% | 12.7% | ||
| Q2 24 | 15.8% | 11.3% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 13.9% | ||
| Q3 25 | 1.8% | 15.1% | ||
| Q2 25 | 1.7% | 11.7% | ||
| Q1 25 | 2.2% | 17.9% | ||
| Q4 24 | 2.5% | 15.9% | ||
| Q3 24 | 2.1% | 11.7% | ||
| Q2 24 | 2.2% | 7.4% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.11× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
