Tearsheet

Allison Transmission (ALSN)

Market Price (12/4/2025): $90.47 | Market Cap: $7.6 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Allison Transmission (ALSN)

Market Price (12/4/2025): $90.47
Market Cap: $7.6 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 8.8%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg QQuarterly Revenue Change % is -16%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
3	Low stock price volatility Vol 12M is 31%
4	Megatrend and thematic drivers Megatrends include Future of Freight, and Automation & Robotics. Themes include Autonomous Trucks, Freight Technology, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 8.8%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 31%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
3	Low stock price volatility Vol 12M is 31%
4	Megatrend and thematic drivers Megatrends include Future of Freight, and Automation & Robotics. Themes include Autonomous Trucks, Freight Technology, Show more.
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg QQuarterly Revenue Change % is -16%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$90.47	$106.81	$56.81	$39.92	$34.16
Market Cap CYE ($ Bil)	7.6	9.3	4.9	3.7	3.5
Total Debt ($ Bil)	2.4	2.4	2.5	2.5	2.5
Total Cash ($ Bil)	0.9	0.8	0.6	0.2	0.1
Enterprise Value ($ Bil)	9.1	11.7	7.4	6.2	6.0
Valuation Ratios
P/S TTM	2.3	2.9	1.7	1.4	1.6
P/EBIT TTM	7.5	9.5	5.6	5.2	5.7
P/E TTM	10.2	12.9	7.8	7.5	8.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$90.47	$106.81	$56.81
Market Cap CYE ($ Bil)	7.6	9.3	4.9
Total Debt ($ Bil)	2.4	2.4	2.5
Total Cash ($ Bil)	0.9	0.8	0.6
Enterprise Value ($ Bil)	9.1	11.7	7.4
Valuation Ratios
P/S TTM	2.3	2.9	1.7
P/EBIT TTM	7.5	9.5	5.6
P/E TTM	10.2	12.9	7.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	ALSN	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	3.1
Rev Chg Q	-15.9%	7.1%
Rev Chg LTM	-4.2%	6.1%
Rev Chg 3Y Avg	4.6%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	0.9
CFO LTM ($ Bil)	0.8
Net Inc LTM ($ Bil)	0.7
Op Mgn LTM	30.8%	18.8%
CFO/Rev LTM	26.2%	20.5%
Net Inc Mgn	22.8%	13.1%
VALUATION	LOW
P/S	2.3	3.2
P/CFO	8.9	15.8
P/FCF	11.3	20.5
P/E	10.2	23.5
STABILITY	GOOD
Debt/Equity	0.34	0.20
Cash/Assets	0.16	0.07

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Metric	Value	Date	Source
Global On-Highway Market Share	approximately 60%	10312025	Link
North America On-Highway School Bus Market Share	81%	12312024	Link
North America On-Highway Class 8 Straight Market Share	79%	12312024	Link
North America On-Highway Classes 6 & 7 Market Share	77%	12312024	Link
North America On-Highway Motor Home Market Share	50%	12312024	Link
Patent Grant Share	63%	7312024	Link
Key Innovation Area from Patents	Hybrid powertrains	7312024	Link
Defense Segment Order Backlog	Positive momentum exiting the quarter, especially with the defense business improving. Fundamentally solid order backlog and new opportunities going forward.	10302025	Link

Recent
11/21/2025	Dividend	Amount: $0.27 Payment On: 12/05/2025
Upcoming
2/10/2026	Earnings Release	Rev: - EPS: -

ALSN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points explaining Allison Transmission (ALSN) stock movement for the approximate period from August 31, 2025, to December 4, 2025:

1. Disappointing Third Quarter 2025 Earnings Results: Allison Transmission reported third-quarter net sales of $693 million and diluted earnings per share (EPS) of $1.63, both of which missed analyst consensus estimates. This underperformance led to investor disappointment and a decline in the stock price.

2. Downward Revision of Full-Year 2025 Guidance: Following the weaker-than-expected third-quarter results, Allison Transmission revised its full-year 2025 guidance downwards for both net sales and net income. Notably, the midpoint of the full-year revenue guidance was cut by 4%, signaling a more challenging outlook for the company's financial performance.

3. Continued Weakness in North America On-Highway Market: A significant factor contributing to the missed earnings and revised guidance was the sustained weakness in the North America On-Highway market, which is Allison's largest segment. This market faced negative impacts from global macroeconomic factors, resulting in lower demand for Class 8 vocational and medium-duty trucks.

4. Negative Analyst Sentiment and Price Target Adjustments: Several brokerage firms reacted to the disappointing Q3 results and the revised outlook by downgrading Allison Transmission's stock or lowering their price targets between October and December 2025. This shift in analyst sentiment generally resulted in "hold" or "reduce" recommendations, further impacting investor confidence.

5. Completion of Regulatory Approvals for Dana Off-Highway Business Acquisition: On November 19, 2025, Allison Transmission announced that it had received all required regulatory approvals for its $2.7 billion acquisition of Dana's Off-Highway business. While this acquisition, expected to close in late Q4 2025, is anticipated to expand Allison's global presence and diversify its markets, its immediate positive impact on the stock within this period may have been overshadowed by the negative earnings and guidance news.

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Stock Movement Drivers

Fundamental Drivers

The 3.2% change in ALSN stock from 9/3/2025 to 12/3/2025 was primarily driven by a 12.5% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	87.71	90.52	3.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3200.00	3069.00	-4.09%
Net Income Margin (%)	23.81%	22.78%	-4.35%
P/E Multiple	9.67	10.88	12.51%
Shares Outstanding (Mil)	84.00	84.00	0.00%
Cumulative Contribution			3.21%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ALSN	3.2%
Market (SPY)	6.2%	38.9%
Sector (XLY)	3.5%	33.5%

Fundamental Drivers

The -11.1% change in ALSN stock from 6/4/2025 to 12/3/2025 was primarily driven by a -5.3% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	101.87	90.52	-11.14%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3202.00	3069.00	-4.15%
Net Income Margin (%)	23.55%	22.78%	-3.28%
P/E Multiple	11.48	10.88	-5.27%
Shares Outstanding (Mil)	85.00	84.00	1.18%
Cumulative Contribution			-11.15%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ALSN	-11.1%
Market (SPY)	15.1%	44.2%
Sector (XLY)	11.5%	36.3%

Fundamental Drivers

The -21.7% change in ALSN stock from 12/3/2024 to 12/3/2025 was primarily driven by a -21.5% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	115.61	90.52	-21.70%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3204.00	3069.00	-4.21%
Net Income Margin (%)	22.66%	22.78%	0.52%
P/E Multiple	13.85	10.88	-21.48%
Shares Outstanding (Mil)	87.00	84.00	3.45%
Cumulative Contribution			-21.80%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ALSN	-21.7%
Market (SPY)	14.3%	64.9%
Sector (XLY)	7.4%	59.5%

Fundamental Drivers

The 110.5% change in ALSN stock from 12/4/2022 to 12/3/2025 was primarily driven by a 35.2% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	43.01	90.52	110.47%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2695.00	3069.00	13.88%
Net Income Margin (%)	18.85%	22.78%	20.83%
P/E Multiple	8.04	10.88	35.25%
Shares Outstanding (Mil)	95.00	84.00	11.58%
Cumulative Contribution			107.65%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ALSN	68.1%
Market (SPY)	53.2%	56.6%
Sector (XLY)	42.3%	52.1%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ALSN Return	-9%	-14%	17%	42%	88%	-16%	104%
Peers Return	9%	25%	-19%	15%	-24%	9%	6%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ALSN Win Rate	50%	50%	50%	67%	83%	20%
Peers Win Rate	62%	57%	35%	47%	40%	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ALSN Max Drawdown	-44%	-23%	-9%	-0%	-4%	-26%
Peers Max Drawdown	-51%	-10%	-33%	-6%	-28%	-24%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BWA, LEA, GNTX, VC, GT. See ALSN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	ALSN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-28.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	39.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	463 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-45.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	83.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	1060 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-23.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	30.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1631 days	120 days

Compare to BWA, LEA, GNTX, VC, GT

In The Past

Allison Transmission's stock fell -28.5% during the 2022 Inflation Shock from a high on 5/14/2021. A -28.5% loss requires a 39.9% gain to breakeven.

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About Allison Transmission (ALSN)

Allison Transmission Holdings, Inc., together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles. The company markets its transmissions under the Allison Transmission brand name; and remanufactured transmissions under the ReTran brand name. It also sells branded replacement parts, support equipment, aluminum die cast components, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations. The company was formerly known as Clutch Holdings, Inc. Allison Transmission Holdings, Inc. was founded in 1915 and is headquartered in Indianapolis, Indiana.

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Here are a few analogies for Allison Transmission (ALSN):

Like Intel, but for automatic transmissions in trucks and buses.
The Cummins of transmissions for commercial vehicles.

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Fully Automatic Commercial Transmissions: Designed for medium- and heavy-duty commercial vehicles, including refuse, construction, distribution, bus, and fire & emergency applications.
Off-Highway Transmissions: Used in various industries such as energy, mining, construction, and specialty equipment.
Defense Transmissions: Specifically engineered for military wheeled and tracked vehicles, including combat and tactical systems.
Electric Hybrid Propulsion Systems: Advanced electric propulsion solutions primarily for urban bus applications to enhance fuel efficiency and reduce emissions.
Service Parts and Components: Provides genuine Allison parts and components to support the maintenance and repair of their transmission products throughout their lifecycle.

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Allison Transmission (ALSN) primarily sells its products to other companies, specifically Original Equipment Manufacturers (OEMs) that integrate Allison's fully automatic transmissions into their vehicles. The company does not primarily sell to individuals.

Allison's customer base consists of a diverse set of global OEMs across various sectors, including:

Commercial Trucks: Manufacturers of heavy-duty, medium-duty, and vocational trucks.
Buses: Producers of school buses, transit buses, and motorcoaches.
Defense Vehicles: Contractors and government entities for military and tactical vehicles.
Off-Highway & Specialty Vehicles: Manufacturers of equipment for construction, mining, energy, and other industrial applications.

While Allison Transmission does not publicly disclose a comprehensive list of all individual major customers due to competitive reasons, and no single customer accounted for 10% or more of its net sales in recent years, the company partners with a wide array of global OEMs. Based on industry knowledge and common partnerships, some of their significant public company customers include:

Daimler Truck Holding AG (Symbol: DTRUY)
PACCAR Inc (Symbol: PCAR)
Volvo Group (Symbol: VOLVY)
Oshkosh Corporation (Symbol: OSK)
Blue Bird Corporation (Symbol: BLBD)

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David S. Graziosi, Chair, President & Chief Executive Officer

Mr. Graziosi has served as Chair of the Board since 2021 and President and Chief Executive Officer of Allison Transmission since June 2018. He joined Allison in November 2007 as Executive Vice President, Chief Financial Officer, and Treasurer, and was promoted to President in January 2016. Before joining Allison, Mr. Graziosi served as Executive Vice President and Chief Financial Officer of Covalence Specialty Materials Corporation from 2006 to 2007. He also held various positions at Hexion Specialty Chemicals, Inc., Resolution Performance Products LLC, General Chemical Industrial Products Inc., Sun Chemical Group B.V., Colgate-Palmolive Company, and Arthur Andersen LLP. Mr. Graziosi joined Allison shortly after its sale by General Motors to The Carlyle Group and Onex Corporation in 2007, and was instrumental in the company's subsequent initial public offering in 2012.

Scott Mell, Chief Financial Officer & Treasurer

Mr. Mell assumed the role of Chief Financial Officer and Treasurer, effective April 14, 2025. He brings nearly 30 years of extensive financial and operational leadership experience to Allison Transmission. Most recently, he served as Chief Financial Officer at TriMas Corporation from May 2021 to March 2025. Prior to that, Mr. Mell provided operational and financial advisory services for over 25 years, including with Riveron Consulting LLC from 2018 to 2021. He also held senior leadership positions at Ernst & Young LLP, McKinsey & Company, and AlixPartners, LLP.

G. Frederick Bohley, Chief Operating Officer

Mr. Bohley currently serves as Chief Operating Officer, a position he has held since April 2025. He joined Allison Transmission in 1991 in the Finance organization. His career at Allison includes roles such as National Account Executive, Director of Latin American Operations, Director of International Marketing and Business Planning, and Executive Director of Financial Planning and Analysis, Pricing and International Finance. He was promoted to Vice President, Chief Financial Officer, and Treasurer in 2018, and served as Senior Vice President, Chief Financial Officer, and Treasurer from June 2019 until June 2024, at which point he was appointed COO. Mr. Bohley was with Allison when it was divested from General Motors and subsequently became a publicly traded company.

John M. Coll, Senior Vice President, Global Marketing, Sales & Service

Mr. Coll serves as the Senior Vice President of Global Marketing, Sales & Service for Allison Transmission.

Ryan Milburn, Vice President, Engineering and Technology Development

Mr. Milburn has served as Vice President, Engineering and Technology Development for Allison Transmission since August 2021. His previous roles include Vice President, E-Mobility Engineering, Vice President, Mechatronics & Controls Software, Executive Director, Embedded Controls, Managing Director Europe, Middle East and Africa, and Vice President and Chief Information Officer.

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The rapid global shift towards vehicle electrification in the commercial vehicle industry (medium- and heavy-duty trucks, buses). As original equipment manufacturers (OEMs) increasingly transition to battery electric, hybrid electric, and and fuel cell electric powertrains, the demand for Allison Transmission's core product—multi-speed automatic transmissions designed for internal combustion engines—is expected to decline significantly. Many electric drivetrain architectures utilize simpler, single-speed gearboxes or direct-drive systems, fundamentally reducing or eliminating the need for complex, multi-speed transmissions.

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Allison Transmission (ALSN) operates in several key markets, primarily focusing on propulsion solutions for commercial and defense vehicles.

Main Products and Addressable Markets:

Fully Automatic Transmissions for Medium and Heavy-Duty Commercial Vehicles: Allison Transmission is a leading global manufacturer of fully automatic transmissions for a diverse range of on-highway commercial vehicles, including those used in distribution, refuse, construction, fire and emergency services, as well as school, transit, and coach buses. The global commercial vehicle transmission market was valued at approximately USD 26.9 billion in 2024 and is projected to reach USD 36.4 billion by 2030, growing at a CAGR of 5.2%. Another estimate places the global market at USD 28.5 billion in 2025, forecasted to grow to USD 46.9 billion by 2035. The automatic transmission segment is expected to hold the largest share within this market. The global medium & heavy commercial vehicles transmission market alone was valued at USD 11 billion in 2022.
Off-Highway Transmissions: Allison also provides propulsion solutions for off-highway vehicles and equipment used in demanding applications such as energy, mining, and construction. The global off-highway transmission market size was estimated at USD 12.8 billion in 2024 and is forecasted to reach USD 20.6 billion by 2033. Similarly, the global off-highway equipment transmission component market was valued at an estimated USD 2.9 billion in 2024, with projections to reach USD 4.8 billion by 2034. The global market for off-highway gearboxes, which are integral to these systems, was approximately USD 12 billion in 2023 and is expected to grow to around USD 19 billion by 2032.
Electric and Hybrid Propulsion Systems (e.g., eGen Power®, eGen Flex): Allison is a leader in electrified propulsion solutions, including electric hybrid and fully electric systems for commercial and specialty vehicles, such as transit buses and medium- and heavy-duty fleets. The global electric vehicle (EV) transmission market was valued at approximately USD 11.32 billion in 2024 and is projected to reach USD 28.99 billion by 2032, exhibiting a CAGR of 12.2%. Another report estimates the electric vehicle transmission market size at USD 9.22 billion in 2024, growing to USD 21.55 billion in 2029. The broader global electric commercial vehicle market was valued at USD 72.3 billion in 2024.
Defense Solutions: Allison designs and manufactures transmissions for defense vehicles, including both wheeled and tracked military applications. While Allison has seen increased demand and sales in its Defense end market, a specific global market size for defense transmissions was not identified in the provided information.

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Allison Transmission (ALSN) is expected to drive future revenue growth over the next two to three years through a combination of strategic initiatives and market tailwinds. Here are 4 expected drivers of Allison Transmission's future revenue growth:

Expansion in the Global Defense Market: Allison Transmission anticipates significant revenue growth from its defense segment. The company has secured new contracts and forged strategic partnerships for defense programs in various regions, including India's Future Infantry Combat Vehicle program, and with the British and German militaries for Boxer armored vehicles. Additionally, Allison is involved in defense vehicle programs in Canada and Poland, with production slated to begin in 2025. This expansion outside traditional markets is a key diversification strategy, with the company optimistic about a $400 million growth opportunity in this sector.
Strategic Price Increases: Allison Transmission has consistently cited higher pricing as a significant contributor to its revenue and gross margin expansion. Management commentary from recent earnings calls indicates that price realization is a key factor in offsetting various market pressures and driving financial performance.
Growth in International On-Highway and Off-Highway Markets: The company is actively pursuing growth opportunities in international markets beyond North America. This includes increased demand in regions such as South America, Europe, and Asia, particularly in India where Allison plans to significantly expand its manufacturing footprint by 2026. Efforts to diversify and broaden its revenue base globally are expected to contribute to future sales.
Development and Commercialization of New Propulsion Solutions, including Electrification: Allison Transmission is investing heavily in new product development, focusing on both conventional and advanced propulsion solutions, including its electrification strategy. This includes the eGen Power® portfolio for electric vehicles and the Next Generation Electrified Transmission (NGET) initiative, which aims to provide flexible power modes for electrified vehicle fleets. New conventional products like the FracTran for oilfield services, TerraTran for construction and mining, and the Allison 3414 Regional Haul Series for the Class 8 Tractor Day Cab market are also expected to contribute incremental annual revenue.

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Share Repurchases

Allison Transmission's Board of Directors approved a $1 billion increase to its stock repurchase authorization in February 2025, bringing the total program to $5 billion, with approximately $519 million remaining available as of December 31, 2024.
The company repurchased over $260 million of its common stock in 2023, representing nearly 6% of outstanding shares.
Between April and June 2025, Allison repurchased 1,088,028 shares for $102.49 million.

Share Issuance

Allison Transmission's shares outstanding have consistently declined over the past few years due to share repurchase programs. For instance, 2024 shares outstanding were 0.088 billion, a 3.3% decline from 2023, and 2023 shares outstanding were 0.091 billion, a 5.21% decline from 2022.

Outbound Investments

Allison has entered into a definitive agreement to acquire Dana's Off-Highway business for approximately $2.7 billion.
This acquisition is intended to be financed with new debt and cash on hand, with the closing anticipated in late Q4 2025.
The strategic rationale for this acquisition is to strengthen Allison's position as a premier industrial company and accelerate current and future global growth opportunities.

Capital Expenditures

Allison expects capital expenditures to be in the range of $165 million to $175 million for 2025.
The company's expected capital expenditures for 2024 were in the range of $125 million to $135 million.
Higher capital expenditures contributed to a decrease in adjusted free cash flow in the fourth quarter of 2024 compared to the same period in 2023.

Better Bets than Allison Transmission (ALSN)

	ALSN	Better Performance than ALSN
Metric	Value	INDUSTRY: Automotive Parts & Equipment
Rev Chg LTM	-4.2%	MBLY (7.6%), ALV (0.8%), BWA (0.1%), APTV (-1.0%), MGA (-2.0%)
Rev Chg 3Y Avg	4.6%	BWA (7.8%), APTV (7.7%), ALV (7.4%), MOD (7.0%), MBLY (6.1%)
Op Mgn LTM	30.8%
CFO/Rev LTM	26.2%	MBLY (35.8%)
FCF/Rev LTM	20.5%	MBLY (32.4%)
Total Yield	10.1%	CAAS (42.0%), GTX (13.0%), MGA (11.8%), LEA (11.4%), ALV (10.4%)
P/S	2.3	LEA (0.2), MGA (0.3), BWA (0.7), ALV (0.9), APTV (0.9)
P/Op Inc	7.6	DAN (4.8), GTX (5.5), LEA (6.4), MGA (6.7), BWA (7.1)

	ALSN	Better Performance than ALSN
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-4.2%	AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%), TSLA (-1.6%)
Rev Chg 3Y Avg	4.6%	MELI (39.5%), BKNG (17.8%), AMZN (11.3%), TSLA (9.3%), TJX (5.3%)
Op Mgn LTM	30.8%	WINA (64.3%), MCD (46.1%), WH (41.3%), BKNG (34.5%), YUM (30.8%)
CFO/Rev LTM	26.2%	MCD (39.9%), ABNB (38.4%), MELI (37.5%), RCL (36.2%), BKNG (33.2%)
FCF/Rev LTM	20.5%	ABNB (38.4%), MELI (32.9%), BKNG (31.9%), MCD (28.1%), EXPE (20.9%)
Total Yield	10.1%	F (13.6%), TOL (12.7%), DHI (11.3%), BBY (11.1%), PHM (10.8%)
P/S	2.3	GM (0.3), LOW (1.5), ROST (1.9), HD (2.2), NKE (2.2)
P/Op Inc	7.6	TOL (6.4), MGA (6.7), MGM (6.9), GAP (7.0), GM (7.1)

	ALSN	Better Performance than ALSN
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-4.2%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	4.6%	NVDA (92.0%), AVGO (24.0%), META (17.3%), MSFT (13.2%), GOOGL (11.0%)
Op Mgn LTM	30.8%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	26.2%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	20.5%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), META (23.7%), AAPL (23.5%)
Total Yield	10.1%	VZ (16.8%), MRK (13.0%), T (11.0%), RY (10.3%), XOM (10.3%)
P/S	2.3	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), CVX (1.6)
P/Op Inc	7.6	CMCSA (5.2), VZ (5.9), SU (6.4), B (6.7), CNQ (7.4)

		Best Bets In Consumer Discretionary Sector
	ALSN
What You Pay
P/E	10.2
P/EBIT	7.5
What You Get
Rev Chg Q	-15.9%
Rev Chg LTM	-4.2%
Rev Chg 3Y Avg	4.6%
FCF/Rev 3Y Avg	21.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Allison Transmission Earnings Notes
2	How Low Can Allison Transmission Stock Really Go?	Return
3	Allison Transmission vs Cheniere Energy: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Allison Transmission vs Red Rock Resorts: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	null
6	Better Bet Than ALSN Stock: Pay Less Than Allison Transmission To Get More From UAL, IBKR
7	Better Bet Than ALSN Stock: Pay Less Than Allison Transmission To Get More From NCLH, ANF
8	ALSN Dip Buy Analysis
9	Allison Transmission Total Shareholder Return (TSR): 88.0% in 2024 and 46.9% 3-yr compounded annual returns (above peer average)
10	Allison Transmission (ALSN) Operating Cash Flow Comparison	Financials
11	ARTICLES
12	APTV’s 24% One Month Pop Begs The Question: Is ALSN Better Instead?		September 6th, 2025
13	APTV’s One-Month Rally Offers a Chance to Reevaluate ALSN		September 6th, 2025
14	Better Bet Than Dana Stock: Pay Less To Get More From ALSN		August 14th, 2025
15	Better Bet Than Deere Stock: Pay Less To Get More From Industry Peer		July 16th, 2025
16	This Transmissions Company Is Likely To Offer Better Returns Over Caterpillar Stock		December 2nd, 2021

	Title
0	DASHBOARDS
1	Allison Transmission Earnings Notes
2	How Low Can Allison Transmission Stock Really Go?
3	Allison Transmission vs Cheniere Energy: Which Is A Better Investment?
4	Allison Transmission vs Red Rock Resorts: Which Is A Better Investment?
5	null
6	Better Bet Than ALSN Stock: Pay Less Than Allison Transmission To Get More From UAL, IBKR
7	Better Bet Than ALSN Stock: Pay Less Than Allison Transmission To Get More From NCLH, ANF
8	ALSN Dip Buy Analysis
9	Allison Transmission Total Shareholder Return (TSR): 88.0% in 2024 and 46.9% 3-yr compounded annual returns (above peer average)
10	Allison Transmission (ALSN) Operating Cash Flow Comparison
11	ARTICLES
12	APTV’s 24% One Month Pop Begs The Question: Is ALSN Better Instead?
13	APTV’s One-Month Rally Offers a Chance to Reevaluate ALSN
14	Better Bet Than Dana Stock: Pay Less To Get More From ALSN
15	Better Bet Than Deere Stock: Pay Less To Get More From Industry Peer
16	This Transmissions Company Is Likely To Offer Better Returns Over Caterpillar Stock

Trade Ideas

Select past ideas related to ALSN. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
ALSN_3312020_Dip_Buyer_FCFYield	03312020	ALSN	Allison Transmission	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.9%	27.6%	-9.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%
ALSN_3312020_Dip_Buyer_FCFYield	03312020	ALSN	Allison Transmission	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.9%	27.6%	-9.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Allison Transmission

Peers to compare with:

Financials

	ALSN	BWA	LEA	GNTX	VC	GT	Median
Name	Allison .	BorgWarn.	Lear	Gentex	Visteon	Goodyear.
Mkt Price	90.52	43.21	109.29	23.00	101.64	8.77	66.86
Mkt Cap	7.6	9.2	5.8	5.0	2.8	2.5	5.4
Rev LTM	3,069	14,183	22,985	2,432	3,759	18,310	8,971
Op Inc LTM	944	1,317	832	463	341	636	734
FCF LTM	628	1,261	735	471	366	-352	549
FCF 3Y Avg	647	816	591	376	258	-340	484
CFO LTM	804	1,711	1,294	616	495	573	710
CFO 3Y Avg	801	1,479	1,173	533	384	721	761

Growth & Margins

	ALSN	BWA	LEA	GNTX	VC	GT	Median
Name	Allison .	BorgWarn.	Lear	Gentex	Visteon	Goodyear.
Rev Chg LTM	-4.2%	0.1%	-20.8%	3.0%	-4.0%	-3.9%	-4.0%
Rev Chg 3Y Avg	4.6%	7.8%	6.0%	9.9%	3.0%	-3.6%	5.3%
Rev Chg Q	-15.9%	4.1%	1.7%	7.7%	-6.4%	-3.7%	-1.0%
QoQ Delta Rev Chg LTM	-4.1%	1.0%	0.4%	2.0%	-1.6%	-1.0%	-0.3%
Op Mgn LTM	30.8%	9.3%	3.6%	19.0%	9.1%	3.5%	9.2%
Op Mgn 3Y Avg	30.4%	9.1%	3.7%	20.4%	7.9%	3.7%	8.5%
QoQ Delta Op Mgn LTM	-0.5%	0.1%	-0.1%	-0.5%	0.1%	-0.6%	-0.3%
CFO/Rev LTM	26.2%	12.1%	5.6%	25.3%	13.2%	3.1%	12.6%
CFO/Rev 3Y Avg	26.0%	10.5%	4.8%	22.8%	9.9%	3.7%	10.2%
FCF/Rev LTM	20.5%	8.9%	3.2%	19.4%	9.7%	-1.9%	9.3%
FCF/Rev 3Y Avg	21.0%	5.8%	2.4%	16.1%	6.7%	-1.8%	6.2%

Valuation

	ALSN	BWA	LEA	GNTX	VC	GT	Median
Name	Allison .	BorgWarn.	Lear	Gentex	Visteon	Goodyear.
Mkt Cap	7.6	9.2	5.8	5.0	2.8	2.5	5.4
P/S	2.3	0.7	0.2	2.5	0.9	0.1	0.8
P/EBIT	7.5	17.1	6.9	13.2	8.8	7.5	8.2
P/E	10.2	70.1	12.1	16.1	10.6	-1.2	11.3
P/CFO	8.9	5.5	4.1	9.9	6.6	3.8	6.1
Total Yield	10.1%	2.1%	11.4%	8.0%	9.4%	-80.3%	8.7%
Dividend Yield	0.3%	0.6%	3.1%	1.8%	0.0%	0.0%	0.5%
FCF Yield 3Y Avg	9.6%	9.2%	9.5%	5.7%	8.0%	-13.6%	8.6%
D/E	0.3	0.4	0.5	0.0	0.1	4.3	0.4
Net D/E	0.2	0.2	0.3	-0.0	-0.1	3.9	0.2

Returns

	ALSN	BWA	LEA	GNTX	VC	GT	Median
Name	Allison .	BorgWarn.	Lear	Gentex	Visteon	Goodyear.
1M Rtn	11.6%	-1.0%	1.0%	-1.2%	-4.7%	27.3%	-0.0%
3M Rtn	3.2%	0.9%	0.8%	-16.5%	-16.9%	4.4%	0.8%
6M Rtn	-11.1%	35.8%	25.8%	8.9%	23.4%	-20.6%	16.2%
12M Rtn	-21.7%	29.6%	13.7%	-22.1%	7.4%	-18.3%	-5.5%
3Y Rtn	110.5%	19.8%	-14.7%	-15.0%	-31.8%	-22.0%	-14.9%
1M Excs Rtn	11.7%	-1.0%	1.0%	-1.2%	-4.7%	27.3%	0.0%
3M Excs Rtn	-3.6%	-6.4%	-6.3%	-23.2%	-24.1%	-1.2%	-6.4%
6M Excs Rtn	-25.9%	21.1%	11.1%	-5.8%	8.7%	-35.4%	1.5%
12M Excs Rtn	-36.3%	14.7%	1.7%	-36.8%	-4.1%	-31.9%	-18.0%
3Y Excs Rtn	39.1%	-49.1%	-88.4%	-87.9%	-101.4%	-93.9%	-88.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/13/2025	2/14/2024	2/16/2023	2/17/2022	2/18/2021	2/27/2020
Key Financials
Total Revenue	3,069	3,225	3,035	2,769	2,402	2,081	2,698
EBITDA	1,078	1,107	1,088	918	838	678	1,069
Operating Income	944	992	919	784	669	534	892
Net Income	699	731	673	531	442	299	604
EPS	8.24	8.40	7.48	5.53	4.13	2.62	4.95
Growth Rates
Total Revenue Growth	-4.2%	6.3%	9.6%	15.3%	15.4%	-22.9%	-0.6%
EBITDA Growth	-3.3%	1.7%	18.5%	9.5%	23.6%	-36.6%	-1.9%
Operating Income Growth	-3.9%	7.9%	17.2%	17.2%	25.3%	-40.1%	-3.4%
Net Income Growth	-3.7%	8.6%	26.7%	20.1%	47.8%	-50.5%	-5.5%
Margins
EBITDA Margin	35.1%	34.3%	35.8%	33.2%	34.9%	32.6%	39.6%
Operating Income Margin	30.8%	30.8%	30.3%	28.3%	27.9%	25.7%	33.1%
Net Income Margin	22.8%	22.7%	22.2%	19.2%	18.4%	14.4%	22.4%
Cash & Debt
Total Cash	902	781	555	232	127	310	192
Total Debt	2,398	2,406	2,507	2,511	2,514	2,517	2,523
Net Debt / (Cash)	1,496	1,625	1,952	2,279	2,387	2,207	2,331
Cash Flows
Net Cash from Operations	804	801	784	657	635	561	847
Free Cash from Operations	628	658	659	490	460	446	675
Returns to Shareholders
Dividends	90	87	83	80	81	78	73
Share Repurchases	403	254	263	278	513	225	393

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	8/5/2025	5/2/2025	2/13/2025	10/30/2024	7/26/2024	4/26/2024	2/14/2024	10/26/2023	7/28/2023	4/28/2023	2/16/2023
Key Financials Quarterly
Total Revenue	693	814	766	796	824	816	789	775	736	783	741	718
Ebitda	238	294	284	262	299	285	261	270	259	282	277	237
Operating Income	204	256	249	235	260	263	234	225	222	242	230	192
Net Income	137	195	192	175	200	187	169	170	158	175	170	141
EPS	1.63	2.32	2.26	2.03	2.30	2.15	1.92	1.91	1.76	1.94	1.85	1.52
Key Financials TTM
Total Revenue TTM	3,069	3,200	3,202	3,225	3,204	3,116	3,083	3,035	2,978	2,952	2,833	2,769
Ebitda TTM	1,078	1,139	1,130	1,107	1,115	1,075	1,072	1,088	1,055	1,025	965	918
Operating Income TTM	944	1,000	1,007	992	982	944	923	919	886	867	812	784
Net Income TTM	699	762	754	731	726	684	672	673	644	625	572	531
Growth Rates Quarterly
Total Revenue Growth	-15.9%	-0.2%	-2.9%	2.7%	12.0%	4.2%	6.5%	7.9%	3.7%	17.9%	9.5%	11.5%
EBITDA Growth	-20.4%	3.2%	8.8%	-3.0%	15.4%	1.1%	-5.8%	13.9%	13.1%	27.0%	20.4%	7.2%
Operating Income Growth	-21.5%	-2.7%	6.4%	4.4%	17.1%	8.7%	1.7%	17.2%	9.4%	29.4%	13.9%	9.1%
Net Income Growth	-31.5%	4.3%	13.6%	2.9%	26.6%	6.9%	-0.6%	20.6%	13.7%	43.4%	31.8%	19.5%
Margins Quarterly
EBITDA Margin	34.3%	36.1%	37.1%	32.9%	36.3%	34.9%	33.1%	34.8%	35.2%	36.0%	37.4%	33.0%
Operating Income Margin	29.4%	31.4%	32.5%	29.5%	31.6%	32.2%	29.7%	29.0%	30.2%	30.9%	31.0%	26.7%
Net Income Margin	19.8%	24.0%	25.1%	22.0%	24.3%	22.9%	21.4%	21.9%	21.5%	22.3%	22.9%	19.6%
Cash & Debt
Total Cash	902	778	753	781	788	648	551	555	501	351	344	232
Total Debt	2,398	2,399	2,400	2,406	2,406	2,407	2,408	2,507	2,508	2,509	2,510	2,511
Net Debt / (Cash)	1,496	1,621	1,647	1,625	1,618	1,759	1,857	1,952	2,007	2,158	2,166	2,279
Cash Flows Quarterly
FCF from Operations	228	184	181	211	246	171	173	238	212	141	193	224
Cash Flows TTM
FCF from Operations TTM	804	822	809	801	828	794	764	784	770	765	688	657
Returns to Shareholders Quarterly
Dividends	23	22	24	21	22	22	22	20	20	21	22	19
Share Repurchases	27	105	150	121	50	31	52	106	20	97	40	62
Return on Invested Capital (ROIC) Quarterly
ROIC	18.0%	23.4%	23.2%	22.3%	23.8%	23.1%	20.8%	19.5%	18.8%	19.6%	18.4%	15.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	22.3%	23.1%	23.2%	23.0%	22.7%	21.2%	20.3%	19.6%	18.7%	17.9%	16.7%	15.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Design, manufacture and distribution of vehicle propulsion solutions	3,035	2,769	2,402	2,081	2,698
Total	3,035	2,769	2,402	2,081	2,698

Price Behavior

Price Behavior

Market Price	$90.52
Market Cap ($ Bil)	7.6
First Trading Date	03/15/2012
Distance from 52W High	-23.9%
	50 Days	200 Days
DMA Price	$83.28	$90.88
DMA Trend	down	down
Distance from DMA	8.7%	-0.4%
	3M	1YR
Volatility	22.7%	31.5%
Downside Capture	70.01	128.06
Upside Capture	64.88	87.30
Correlation (SPY)	38.8%	64.8%

ALSN Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.93	0.69	0.73	0.99	1.04	1.00
Up Beta	1.57	1.38	1.64	1.77	1.03	1.01
Down Beta	-0.23	0.45	0.26	0.50	0.97	0.97
Up Capture	159%	76%	63%	50%	80%	118%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	12	22	32	58	128	413
Down Capture	58%	48%	72%	132%	116%	99%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	19	30	66	119	334

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ALSN With Other Asset Classes (Last 1Y)
	ALSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-22.8%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	31.3%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.80	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		59.3%	64.8%	0.4%	21.4%	52.0%	24.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of ALSN With Other Asset Classes (Last 5Y)
	ALSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	18.2%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	29.3%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.60	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		41.7%	48.9%	3.7%	17.0%	37.5%	16.0%

Based On 10-Year Data

		Comparison of ALSN With Other Asset Classes (Last 10Y)
	ALSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	14.4%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	29.5%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.51	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		47.3%	53.8%	-3.4%	23.9%	39.6%	9.6%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,225,217
Short Interest: % Change Since 10312025	20.4%
Average Daily Volume	959,176
Days-to-Cover Short Interest	3.36
Basic Shares Quantity	84,000,000
Short % of Basic Shares	3.8%

Returns Analyses

	Title
0	How Low Can Allison Transmission Stock Really Go?
1	Allison Transmission Stock Return Comparison
2	Allison Transmission Total Shareholder Return (TSR): 16.7% in 2022 and -3.1% 3-yr returns (below peer average)
3	Allison Transmission Holdings (ALSN) Stock Return: AI Predicts ALSN Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	8052025	10-Q 6/30/2025
3312025	5022025	10-Q 3/31/2025
12312024	2132025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7262024	10-Q 6/30/2024
3312024	4262024	10-Q 3/31/2024
12312023	2142024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7282023	10-Q 6/30/2023
3312023	4282023	10-Q 3/31/2023
12312022	2162023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2172022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Allison Transmission (ALSN)

Market Price (12/4/2025): $90.47 | Market Cap: $7.6 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Allison Transmission (ALSN)

Market Price (12/4/2025): $90.47Market Cap: $7.6 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment

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About Allison Transmission (ALSN)

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Market Price (12/4/2025): $90.47 | Market Cap: $7.6 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

Market Price (12/4/2025): $90.47
Market Cap: $7.6 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment