Allison Transmission Holdings Inc ALSN
Allison Transmission Holdings, Inc. and its subsidiaries ("Allison," "we," "us" or "our") is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. The business was founded in 1915 and has been headquartered in Indianapolis, Indiana since inception. Allison is traded on the New York Stock Exchange under the symbol "ALSN".
We have a global presence by serving customers in North America, Asia, Europe, South America, and Africa, with approximately 76% of our revenues being generated in North America in 2025. We serve customers through an independent network of approximately 1,500 independent distributor and dealer locations worldwide as of December 31, 2025.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.01B | $3.23B | $3.04B | $2.77B | $2.40B | $2.08B | $2.70B | $2.71B | $2.26B | $1.84B |
| Cost of revenue | $1.55B | $1.70B | $1.56B | $1.47B | $1.26B | $1.08B | $1.30B | $1.29B | $1.13B | $976.0M |
| Gross profit | $1.46B | $1.53B | $1.47B | $1.30B | $1.15B | $998.0M | $1.39B | $1.42B | $1.13B | $864.0M |
| R&D | $174.0M | $200.0M | $194.0M | $185.0M | $171.0M | $147.0M | $154.0M | $131.0M | $105.0M | $88.0M |
| SG&A | $380.0M | $336.0M | $357.0M | $328.0M | $305.0M | $317.0M | $356.0M | $368.0M | $342.0M | $324.0M |
| Operating income | $880.0M | $992.0M | $919.0M | $784.0M | $669.0M | $534.0M | $892.0M | $923.0M | $652.0M | $452.0M |
| Interest expense | $92.0M | $89.0M | $107.0M | $118.0M | $116.0M | $137.0M | $134.0M | $121.0M | $103.0M | $101.0M |
| Pre-tax income | $804.0M | $897.0M | $827.0M | $645.0M | $572.0M | $393.0M | $768.0M | $805.0M | $527.0M | $341.0M |
| Income tax | $181.0M | $166.0M | $154.0M | $114.0M | $130.0M | $94.0M | $164.0M | $166.0M | $23.0M | $126.0M |
| Net income | $623.0M | $731.0M | $673.0M | $531.0M | $442.0M | $299.0M | $604.0M | $639.0M | $504.0M | $215.0M |
| EPS, basic | 7.42 | 8.40 | 7.48 | 5.53 | 4.13 | 2.62 | 4.95 | 4.81 | 3.38 | 1.28 |
| EPS, diluted | 7.33 | 8.31 | 7.40 | 5.53 | 4.13 | 2.62 | 4.91 | 4.78 | 3.36 | 1.27 |
| Shares, diluted (wtd. avg.) | $85.0M | $88.0M | $91.0M | $96.0M | $107.0M | $114.0M | $123.0M | $134.0M | $150.0M | $169.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.50B | $781.0M | $555.0M | $232.0M | $127.0M | $310.0M | $192.0M | $231.0M | $199.0M | $205.0M |
| Receivables | $333.0M | $360.0M | $356.0M | $363.0M | $301.0M | $228.0M | $253.0M | $279.0M | $221.0M | $197.0M |
| Inventory | $316.0M | $315.0M | $276.0M | $224.0M | $204.0M | $181.0M | $199.0M | $170.0M | $154.0M | $126.0M |
| Total current assets | $2.23B | $1.54B | $1.25B | $866.0M | $671.0M | $756.0M | $686.0M | $725.0M | $632.0M | $548.0M |
| Property, plant and equipment | $862.0M | $803.0M | $774.0M | $763.0M | $706.0M | $638.0M | $616.0M | $466.0M | $448.0M | $464.0M |
| Goodwill | $2.08B | $2.08B | $2.08B | $2.08B | $2.06B | $2.06B | $2.04B | $1.94B | $1.94B | $1.94B |
| Other intangibles | $794.0M | $822.0M | $833.0M | $878.0M | $917.0M | $963.0M | $1.04B | $1.07B | $1.15B | $1.24B |
| Total assets | $6.08B | $5.34B | $5.03B | $4.67B | $4.46B | $4.48B | $4.45B | $4.24B | $4.21B | $4.22B |
| Accounts payable | $190.0M | $212.0M | $210.0M | $195.0M | $179.0M | $157.0M | $150.0M | $169.0M | $159.0M | $128.0M |
| Short-term debt | $5.0M | $5.0M | $6.0M | $6.0M | $6.0M | $6.0M | $6.0M | $0 | $12.0M | $12.0M |
| Total current liabilities | $460.0M | $506.0M | $501.0M | $480.0M | $459.0M | $373.0M | $417.0M | $426.0M | $417.0M | $342.0M |
| Long-term debt | $2.88B | $2.40B | $2.50B | $2.50B | $2.50B | $2.51B | $2.51B | $2.52B | $2.53B | $2.15B |
| Total liabilities | $4.21B | $3.69B | $3.79B | $3.80B | $3.82B | $3.72B | $3.67B | $3.58B | $3.52B | $3.14B |
| Retained earnings | -$38.0M | -$239.0M | -$628.0M | -$953.0M | -$1.13B | -$974.0M | -$970.0M | -$1.10B | -$1.05B | -$586.0M |
| Total equity | $1.87B | $1.65B | $1.23B | $874.0M | $634.0M | $756.0M | $781.0M | $659.0M | $689.0M | $1.08B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $836.0M | $801.0M | $784.0M | $657.0M | $635.0M | $561.0M | $847.0M | $837.0M | $658.0M | $591.0M |
| Depreciation and amortisation | $117.0M | $111.0M | $109.0M | $109.0M | $104.0M | $96.0M | $81.0M | $77.0M | $80.0M | $84.0M |
| Stock-based compensation | $27.0M | $26.0M | $22.0M | $18.0M | $14.0M | $17.0M | $13.0M | $13.0M | $12.0M | $9.0M |
| Capital expenditure | $175.0M | $143.0M | $125.0M | $167.0M | $175.0M | $115.0M | $172.0M | $100.0M | $91.0M | $71.0M |
| Investing cash flow | -$184.0M | -$147.0M | -$129.0M | -$183.0M | -$212.0M | -$111.0M | -$405.0M | -$103.0M | -$94.0M | -$72.0M |
| Financing cash flow | $57.0M | -$427.0M | -$332.0M | -$367.0M | -$604.0M | -$335.0M | -$480.0M | -$700.0M | -$574.0M | -$564.0M |
| Dividends paid | $91.0M | $87.0M | $83.0M | $80.0M | $81.0M | $78.0M | $73.0M | $80.0M | $89.0M | $100.0M |
| Buybacks | $328.0M | $254.0M | $263.0M | $278.0M | $513.0M | $225.0M | $393.0M | $609.0M | $885.0M | $256.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-065627.
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