Allegion PLC (ALLE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 597,500 | 540,400 | 458,000 | 483,000 | 314,300 |
| Revenue | US$ in thousands | 3,772,200 | 3,650,800 | 3,271,900 | 2,867,400 | 2,719,900 |
| Net profit margin | 15.84% | 14.80% | 14.00% | 16.84% | 11.56% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $597,500K ÷ $3,772,200K
= 15.84%
Allegion PLC's net profit margin has shown a generally positive trend over the past five years. Starting at 11.56% as of December 31, 2020, the net profit margin increased to 16.84% by December 31, 2021, indicating improved profitability. Although there was a slight decrease to 14.00% by December 31, 2022, the margin remained healthy. The net profit margin further improved to 14.80% by December 31, 2023, and continued to climb to 15.84% by December 31, 2024. This upward trend suggests that Allegion PLC has been effectively managing its expenses and increasing its profitability relative to its revenue over the years, which is a positive indicator for investors and stakeholders.