This Research Note examines Allegion plc, the global security products and solutions provider, based on its 2025 financial results, 10-K report, acquisitions and corporate venture funding throughout the year. Allegion Profile Allegion, a US public company headquartered in Ireland, is the standalone business formed in 2013 from the former commercial and residential security businesses of Ingersoll Rand. The group is predominantly focused on mechanical security products and systems, which are currently undergoing digital transformation in their core access control, door, and locking systems businesses. Allegion reports approximately 13,300 employees worldwide. 2025 Financial Highlights Revenues of $4,067.3 million, up 7.8% on a reported basis and up 4.1% on an organic basis Operating margin of 21.1%, compared with 20.7% Adjusted operating margin of 23.2%, up 40 basis points compared with 22.8% Demand for electronic security products has remained strong and continues to be a long-term growth driver. Allegion 10-K 2025, February 2026 Electronic security products, services and software revenues […]