vs
Side-by-side financial comparison of Allegion (ALLE) and Perma-Pipe International Holdings, Inc. (PPIH). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $61.1M, roughly 16.9× Perma-Pipe International Holdings, Inc.). Allegion runs the higher net margin — 14.3% vs 10.3%, a 3.9% gap on every dollar of revenue. On growth, Perma-Pipe International Holdings, Inc. posted the faster year-over-year revenue change (47.1% vs 9.3%). Allegion produced more free cash flow last quarter ($200.5M vs $12.4M). Over the past eight quarters, Perma-Pipe International Holdings, Inc.'s revenue compounded faster (23.4% CAGR vs 7.5%).
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...
Perma-Pipe International Holdings, Inc. designs, manufactures and supplies pre-insulated piping systems and integrated leak detection solutions. Its offerings cater to oil & gas, district heating and cooling, industrial, and municipal infrastructure segments, with a global footprint spanning North America, the Middle East, Europe and Asia.
ALLE vs PPIH — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $61.1M |
| Net Profit | $147.5M | $6.3M |
| Gross Margin | 44.5% | 34.4% |
| Operating Margin | 20.3% | 18.6% |
| Net Margin | 14.3% | 10.3% |
| Revenue YoY | 9.3% | 47.1% |
| Net Profit YoY | 2.4% | 153.5% |
| EPS (diluted) | $1.70 | $0.77 |
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.
| Q4 25 | $1.0B | $61.1M | ||
| Q3 25 | $1.1B | $47.9M | ||
| Q2 25 | $1.0B | $46.7M | ||
| Q1 25 | $941.9M | $45.0M | ||
| Q4 24 | $945.6M | $41.6M | ||
| Q3 24 | $967.1M | $37.5M | ||
| Q2 24 | $965.6M | $34.3M | ||
| Q1 24 | $893.9M | $40.2M |
| Q4 25 | $147.5M | $6.3M | ||
| Q3 25 | $188.4M | $851.0K | ||
| Q2 25 | $159.7M | $5.0M | ||
| Q1 25 | $148.2M | $1.8M | ||
| Q4 24 | $144.1M | $2.5M | ||
| Q3 24 | $174.2M | $3.3M | ||
| Q2 24 | $155.4M | $1.4M | ||
| Q1 24 | $123.8M | $8.6M |
| Q4 25 | 44.5% | 34.4% | ||
| Q3 25 | 45.8% | 30.1% | ||
| Q2 25 | 45.6% | 35.8% | ||
| Q1 25 | 44.9% | 33.7% | ||
| Q4 24 | 44.1% | 33.9% | ||
| Q3 24 | 44.7% | 35.9% | ||
| Q2 24 | 44.4% | 30.6% | ||
| Q1 24 | 43.8% | 30.0% |
| Q4 25 | 20.3% | 18.6% | ||
| Q3 25 | 21.8% | 6.7% | ||
| Q2 25 | 21.5% | 16.9% | ||
| Q1 25 | 20.9% | 12.1% | ||
| Q4 24 | 19.5% | 13.4% | ||
| Q3 24 | 22.2% | 16.4% | ||
| Q2 24 | 21.6% | 9.1% | ||
| Q1 24 | 19.3% | 11.3% |
| Q4 25 | 14.3% | 10.3% | ||
| Q3 25 | 17.6% | 1.8% | ||
| Q2 25 | 15.6% | 10.6% | ||
| Q1 25 | 15.7% | 3.9% | ||
| Q4 24 | 15.2% | 6.0% | ||
| Q3 24 | 18.0% | 8.8% | ||
| Q2 24 | 16.1% | 4.2% | ||
| Q1 24 | 13.8% | 21.5% |
| Q4 25 | $1.70 | $0.77 | ||
| Q3 25 | $2.18 | $0.10 | ||
| Q2 25 | $1.85 | $0.61 | ||
| Q1 25 | $1.71 | $0.23 | ||
| Q4 24 | $1.65 | $0.31 | ||
| Q3 24 | $1.99 | $0.40 | ||
| Q2 24 | $1.77 | $0.18 | ||
| Q1 24 | $1.41 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.2M | $27.2M |
| Total DebtLower is stronger | $2.0B | $12.7M |
| Stockholders' EquityBook value | $2.1B | $85.8M |
| Total Assets | $5.2B | $217.0M |
| Debt / EquityLower = less leverage | 0.96× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $356.2M | $27.2M | ||
| Q3 25 | $302.7M | $17.3M | ||
| Q2 25 | $656.8M | $18.8M | ||
| Q1 25 | $494.5M | $15.7M | ||
| Q4 24 | $503.8M | $13.3M | ||
| Q3 24 | $878.9M | $9.5M | ||
| Q2 24 | $747.5M | $7.7M | ||
| Q1 24 | $391.8M | $5.8M |
| Q4 25 | $2.0B | $12.7M | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | $15.2M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.0B | $15.2M |
| Q4 25 | $2.1B | $85.8M | ||
| Q3 25 | $1.9B | $80.2M | ||
| Q2 25 | $1.8B | $77.9M | ||
| Q1 25 | $1.6B | $72.1M | ||
| Q4 24 | $1.5B | $71.2M | ||
| Q3 24 | $1.6B | $68.6M | ||
| Q2 24 | $1.4B | $65.5M | ||
| Q1 24 | $1.4B | $65.7M |
| Q4 25 | $5.2B | $217.0M | ||
| Q3 25 | $5.2B | $189.0M | ||
| Q2 25 | $4.9B | $178.3M | ||
| Q1 25 | $4.6B | $165.2M | ||
| Q4 24 | $4.5B | $160.7M | ||
| Q3 24 | $5.0B | $157.8M | ||
| Q2 24 | $4.8B | $155.7M | ||
| Q1 24 | $4.3B | $155.7M |
| Q4 25 | 0.96× | 0.15× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | 0.21× | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 1.49× | 0.23× |
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 | $240.1M | $17.3M |
| Free Cash FlowOCF − Capex | $200.5M | $12.4M |
| FCF MarginFCF / Revenue | 19.4% | 20.2% |
| Capex IntensityCapex / Revenue | 3.8% | 8.1% |
| Cash ConversionOCF / Net Profit | 1.63× | 2.74× |
| TTM Free Cash FlowTrailing 4 quarters | $685.7M | $12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.1M | $17.3M | ||
| Q3 25 | $229.5M | $-2.0M | ||
| Q2 25 | $209.7M | $733.0K | ||
| Q1 25 | $104.5M | $6.0M | ||
| Q4 24 | $219.0M | $5.2M | ||
| Q3 24 | $231.9M | $2.8M | ||
| Q2 24 | $173.0M | $-73.0K | ||
| Q1 24 | $51.1M | $7.1M |
| Q4 25 | $200.5M | $12.4M | ||
| Q3 25 | $209.8M | $-4.6M | ||
| Q2 25 | $192.0M | $-194.0K | ||
| Q1 25 | $83.4M | $4.7M | ||
| Q4 24 | $194.9M | $4.8M | ||
| Q3 24 | $212.0M | $2.2M | ||
| Q2 24 | $152.1M | $-662.0K | ||
| Q1 24 | $23.9M | $4.2M |
| Q4 25 | 19.4% | 20.2% | ||
| Q3 25 | 19.6% | -9.6% | ||
| Q2 25 | 18.8% | -0.4% | ||
| Q1 25 | 8.9% | 10.5% | ||
| Q4 24 | 20.6% | 11.6% | ||
| Q3 24 | 21.9% | 5.8% | ||
| Q2 24 | 15.8% | -1.9% | ||
| Q1 24 | 2.7% | 10.5% |
| Q4 25 | 3.8% | 8.1% | ||
| Q3 25 | 1.8% | 5.3% | ||
| Q2 25 | 1.7% | 2.0% | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 2.5% | 0.8% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 2.2% | 1.7% | ||
| Q1 24 | 3.0% | 7.2% |
| Q4 25 | 1.63× | 2.74× | ||
| Q3 25 | 1.22× | -2.40× | ||
| Q2 25 | 1.31× | 0.15× | ||
| Q1 25 | 0.71× | 3.42× | ||
| Q4 24 | 1.52× | 2.07× | ||
| Q3 24 | 1.33× | 0.86× | ||
| Q2 24 | 1.11× | -0.05× | ||
| Q1 24 | 0.41× | 0.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
PPIH
Segment breakdown not available.
