Filing Flows › Allison Transmission Holdings (ALSN) › Q3 2026 › vs Q3 2025
Allison Transmission Holdings (ALSN) Q3 2026 vs Q3 2025 (year over year)
Allison Transmission Holdings's revenue rose $841M (+121%) from $693M in Q3 2025 to $1.5B in Q3 2026. The biggest changes: Allison Off-Highway +$653M (—); Allison Transmission +$188M (+27%). Gross margin 32.9% against 47.6% (-14.7 pts).
Allison Transmission Holdings, Q3 2026: revenue $1.5B (+121% year over year), operating margin 19.8%, net earnings $191M, operating cash flow $343M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 32.9% | 47.6% | -14.7 pts |
| Operating margin | 19.8% | 29.4% | -9.6 pts |
| Net margin | 12.5% | 19.8% | -7.3 pts |
| Free cash flow margin | 18.1% | 26.6% | -8.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Allison Transmission | $881M | $693M | $188M | +27% |
| Allison Off-Highway | $653M | $0 | $653M | — |
| Revenue | $1.5B | $693M | $841M | +121% |
| Gross profit | $505M | $330M | $175M | +53% |
| Cost of revenue | $1.0B | $363M | $666M | +183% |
| Operating profit | $304M | $204M | $100M | +49% |
| Operating expenses | $201M | $126M | $75.0M | +60% |
| Pre-tax earnings | $238M | $182M | $56.0M | +31% |
| Other expense, net | $66.0M | $22.0M | $44.0M | +200% |
| Research & development | $59.0M | $43.0M | $16.0M | +37% |
| SG&A | $142M | $83.0M | $59.0M | +71% |
| Net earnings | $191M | $137M | $54.0M | +39% |
| Income tax | $47.0M | $45.0M | $2.0M | +4% |
| Depreciation & amortization | $78.0M | $32.0M | $46.0M | +144% |
| Share-based compensation | $8.0M | $6.0M | $2.0M | +33% |
| Working capital & other | $66.0M | $53.0M | $13.0M | +25% |
| Operating cash flow | $343M | $228M | $115M | +50% |
| Free cash flow (OCF − capex) | $278M | $184M | $94.0M | +51% |
| Capital expenditures | $65.0M | $44.0M | $21.0M | +48% |
Questions
How much did Allison Transmission Holdings's revenue grow year over year in Q3 2026?
Allison Transmission Holdings's revenue rose $841M (+121%) from $693M in Q3 2025 to $1.5B in Q3 2026.
What drove Allison Transmission Holdings's revenue change in Q3 2026?
Allison Off-Highway +$653M (—); Allison Transmission +$188M (+27%).