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Allegion cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$279M in Q3 2026 · $740M over twelve months

Operating cash flow$304M
Capital spending−$25.7M
Free cash flow+$279M
Cash / net income1.4×
Cash conversion cycle82 days

Analysis

In Q3 2026, Allegion generated $304M of operating cash flow and spent $25.7M on capital projects, leaving free cash flow of $279M. That is $68.8M more than in Q3 2025 ($210M).

Over the twelve months to Sep 30, 2026, operating cash flow was $844M; the largest uses were buybacks ($280M), dividends ($184M), capital spending ($104M); the cash balance rose by $85.4M.

Operating cash flow was $304M against net income of $221M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: other operating capital +$47.3M, depreciation & amortization +$36.1M, stock-based pay +$6.6M.

Its cash conversion cycle was 82 days (receivables 44 + inventory 80 − payables 41).

Free cash flow

Allegion: free cash flow by quarterAllegion: free cash flow by quarter$195MQ4 2024$83.4MQ1 2025$192MQ2 2025$210MQ3 2025$200MQ4 2025$80.3MQ1 2026$180MQ2 2026$279MQ3 2026
Operating cash flow less capital spending.
Allegion: operating cash flow against capital spendingAllegion: operating cash flow against capital spendingOperating cash flowCapital spending$219M$24.1MQ4 2024$104M$21.1MQ1 2025$210M$17.7MQ2 2025$230M$19.7MQ3 2025$240M$39.6MQ4 2025$101M$21.0MQ1 2026$198M$17.9MQ2 2026$304M$25.7MQ3 2026
Latest (Q3 2026): Operating cash flow $304M, Capital spending $25.7M.

Capital allocation, year by year

Allegion: where the cash came from (up) and went (down), by fiscal yearAllegion: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $489MFY2021: Net borrowing $11.1MFY2021: Capital spending −$45.4MFY2021: Acquisitions −$6.5MFY2021: Buybacks −$413MFY2021: Dividends −$129M$500MFY2021FY2022: Operating cash flow $460MFY2022: Net borrowing $656MFY2022: Shares issued $3.3MFY2022: Capital spending −$64.0MFY2022: Acquisitions −$923MFY2022: Buybacks −$61.0MFY2022: Dividends −$144M$1.1BFY2022FY2023: Operating cash flow $601MFY2023: Net borrowing −$81.6MFY2023: Shares issued $1.3MFY2023: Capital spending −$84.2MFY2023: Acquisitions −$31.7MFY2023: Buybacks −$59.9MFY2023: Dividends −$159M$602MFY2023FY2024: Operating cash flow $675MFY2024: Net borrowing −$13.3MFY2024: Shares issued $14.7MFY2024: Capital spending −$92.1MFY2024: Acquisitions −$137MFY2024: Buybacks −$220MFY2024: Dividends −$167M$690MFY2024FY2025: Operating cash flow $784MFY2025: Net borrowing −$25.5MFY2025: Shares issued $23.6MFY2025: Capital spending −$98.1MFY2025: Acquisitions −$592MFY2025: Buybacks −$80.0MFY2025: Dividends −$175M$807MFY2025
Over these 5 years operating cash flow totalled $3.0B; the largest uses were acquisitions ($1.7B) and buybacks ($834M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$388M
Debt$2.0B
Net debt$1.6B
Due within a year$200K

Allegion funds itself: free cash flow was $740M over the last twelve months, and $388M of cash and investments stands against $2.0B of debt ($200K due within a year, 1940.5× covered by cash).

Allegion: debt maturities by year (FY2025)Allegion: debt maturities by year (FY2025)$200KYear 1$400MYear 2$400MYear 4$191MYear 5$1.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $388M of cash and investments now.

Where the cash came from and went

Allegion: sources (+) and uses (−) of cash, Q3 2026Allegion: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$304MBuybacks−$120MCash drawn (+) / kept (−)−$67.5MDividends−$46.2MOther investing−$40.1MCapital spending−$25.7MOther financing−$4.5MExchange rates−$1.7MAcquisitions$800KNet borrowing (+) / repaid (−)$400K
Allegion: sources (+) and uses (−) of cash, TTM to Q3 2026Allegion: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$844MBuybacks−$280MDividends−$184MCapital spending−$104MCash drawn (+) / kept (−)−$85.4MAcquisitions−$72.9MNet borrowing (+) / repaid (−)−$58.4MOther investing−$37.3MOther financing−$16.7MExchange rates−$4.8M

From profit to cash

Allegion: net income to operating cash flow, Q3 2026Allegion: net income to operating cash flow, Q3 2026Net income$221MDepreciation & amortization$36.1MStock-based pay$6.6MOther operating capital$47.3MOperating cash flow$304M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202644804182
Q2 202642774080
Q1 202641824083
Q4 202542844085
Q3 202542804280
Q2 202542764375
Q1 202542754473
Q4 202443764673

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$304M−$25.7M$800K−$120M−$46.2M$400K−$67.5M$279M
Q2 2026$198M−$17.9M$200K−$120M−$46.6M—−$11.7M$180M
Q1 2026$101M−$21.0M−$75.7M−$40.6M−$47.4M$50.0M$47.3M$80.3M
Q4 2025$240M−$39.6M$1.8M—−$43.9M−$109M−$53.5M$200M
Q3 2025$230M−$19.7M−$547M—−$43.6M$16.7M$354M$210M
Q2 2025$210M−$17.7M−$36.9M−$40.0M−$44.2M$69.7M−$162M$192M
Q1 2025$104M−$21.1M−$10.5M−$40.0M−$43.6M−$3.1M$9.3M$83.4M
Q4 2024$219M−$24.1M−$16.0M−$100M−$41.4M−$403M$375M$195M

Allegion: income statement and cash flow

Allegion, Q3 2026: revenue $1.2B (+10% year over year), operating margin 24.3%. The chart follows the revenue to costs, profit and cash.

Allegion: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.