Allison Transmission (ALSN) Financials

$130.50 +3.13 (+2.46%)

As of 09:46 AM Eastern

Annual Income Statements for Allison Transmission

This table shows Allison Transmission's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	182	215	504	639	1,864	299	442	531	673	731	623
Consolidated Net Income / (Loss)	182	215	504	639	604	299	442	531	673	731	623
Net Income / (Loss) Continuing Operations	182	215	504	639	1,864	299	442	531	673	731	623
Total Pre-Tax Income	289	341	527	805	768	393	572	645	827	897	804
Total Operating Income	429	452	652	923	892	534	669	784	919	992	880
Total Gross Profit	934	864	1,131	1,422	1,394	998	1,145	1,297	1,470	1,529	1,463
Total Revenue	1,986	1,840	2,262	2,713	2,679	2,081	2,402	2,769	3,035	3,225	3,010
Operating Revenue	1,986	1,840	2,262	2,713	2,679	2,081	2,402	2,769	3,035	3,225	3,010
Total Cost of Revenue	1,052	976	1,131	1,291	1,304	1,083	1,257	1,472	1,565	1,696	1,547
Operating Cost of Revenue	1,052	976	1,131	1,291	25	1,083	1,257	1,472	1,565	1,696	1,547
Total Operating Expenses	505	412	479	499	502	464	476	513	551	537	583
Selling, General & Admin Expense	317	324	342	368	356	317	305	328	357	336	380
Research & Development Expense	93	88	105	131	154	147	171	185	194	200	174
Impairment Charge	81	0.00	32	-	-	-	-	-	0.00	1.00	29
Total Other Income / (Expense), net	-140	-111	-125	-118	-124	-141	-97	-139	-92	-95	-76
Interest Expense	140	113	103	121	134	137	116	118	107	89	92
Other Income / (Expense), net	-	2.00	-22	3.00	10	-4.00	19	-21	15	-6.00	16
Income Tax Expense	107	126	23	166	164	94	130	114	154	166	181
Basic Earnings per Share	$1.03	$1.28	$3.38	$4.81	$4.95	$2.62	$4.13	$5.53	$7.48	$8.40	$7.42
Weighted Average Basic Shares Outstanding	175.90M	168M	149M	133M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Diluted Earnings per Share	$1.03	$1.27	$3.36	$4.78	$4.91	$2.62	$4.13	$5.53	$7.40	$8.31	$7.33
Weighted Average Diluted Shares Outstanding	175.90M	168M	149M	133M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Weighted Average Basic & Diluted Shares Outstanding	175.90M	168M	149M	133M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Cash Dividends to Common per Share	$0.60	$0.60	$0.60	$0.60	-	-	-	$0.84	$0.92	$1.00	$1.08

This table shows Allison Transmission's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	175	158	170	169	187	199	176	192	195	137	99
Consolidated Net Income / (Loss)	175	158	170	169	187	200	175	192	195	137	99
Net Income / (Loss) Continuing Operations	175	158	170	169	187	200	175	192	195	137	99
Total Pre-Tax Income	216	193	206	204	234	249	210	233	242	182	147
Total Operating Income	242	222	225	234	263	260	235	249	256	204	171
Total Gross Profit	381	357	371	366	394	396	373	378	402	329	354
Total Revenue	783	736	775	789	816	824	796	766	814	693	737
Operating Revenue	783	736	775	789	816	824	796	766	814	693	737
Total Cost of Revenue	402	379	404	423	422	428	423	388	412	364	383
Operating Cost of Revenue	402	379	404	423	422	428	423	388	412	364	383
Total Operating Expenses	139	135	146	132	131	136	138	129	146	125	183
Selling, General & Admin Expense	92	86	92	86	82	85	84	86	102	82	110
Research & Development Expense	47	49	54	46	49	51	54	43	44	43	44
Total Other Income / (Expense), net	-26	-29	-19	-30	-29	-11	-25	-16	-14	-22	-24
Interest Expense	28	27	24	25	22	21	21	21	22	24	25
Other Income / (Expense), net	2.00	-2.00	5.00	-5.00	-7.00	10	-4.00	5.00	8.00	2.00	1.00
Income Tax Expense	41	35	36	35	47	49	35	41	47	45	48
Basic Earnings per Share	$1.94	$1.76	$1.93	$1.92	$2.15	$2.30	$2.03	$2.26	$2.32	$1.63	$1.21
Weighted Average Basic Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M
Diluted Earnings per Share	$1.92	$1.76	$1.87	$1.90	$2.13	$2.27	$2.01	$2.23	$2.29	$1.63	$1.18
Weighted Average Diluted Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M
Weighted Average Basic & Diluted Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M

This table details how cash moves in and out of Allison Transmission's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-11	-47	-6.00	32	-39	118	-183	105	323	226	714
Net Cash From Operating Activities	580	591	658	837	847	561	635	657	784	801	836
Net Cash From Continuing Operating Activities	580	591	658	837	847	561	635	657	784	801	836
Net Income / (Loss) Continuing Operations	182	215	504	639	604	299	442	531	673	731	623
Consolidated Net Income / (Loss)	182	215	504	639	604	299	442	531	673	731	623
Depreciation Expense	88	84	80	77	81	96	104	109	109	111	117
Amortization Expense	105	99	96	93	91	56	50	50	49	13	15
Non-Cash Adjustments To Reconcile Net Income	110	16	60	24	21	39	7.00	42	21	40	44
Changes in Operating Assets and Liabilities, net	95	177	-82	4.00	50	71	32	-75	-68	-94	37
Net Cash From Investing Activities	-60	-72	-94	-103	-405	-111	-212	-183	-129	-147	-184
Net Cash From Continuing Investing Activities	-60	-72	-94	-103	-405	-111	-212	-183	-129	-147	-184
Purchase of Property, Plant & Equipment	-60	-71	-91	-100	-172	-115	-175	-167	-125	-143	-175
Acquisitions	-	-	0.00	0.00	-232	4.00	0.00	-24	-1.00	-6.00	-5.00
Purchase of Investments	-	-1.00	-3.00	-3.00	0.00	0.00	-41	-	0.00	0.00	-3.00
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	0.00	2.00	0.00	4.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	4.00	6.00	2.00	0.00	0.00
Other Investing Activities, net	-	-	-	-	-1.00	0.00	0.00	0.00	-5.00	-2.00	-1.00
Net Cash From Financing Activities	-529	-564	-574	-700	-480	-335	-604	-367	-332	-427	57
Net Cash From Continuing Financing Activities	-529	-564	-574	-700	-480	-335	-604	-367	-332	-427	57
Repayment of Debt	-616	-1,236	-433	-29	-1,163	-1,029	-7.00	-102	-7.00	-108	-17
Repurchase of Common Equity	-306	-256	-885	-609	-393	-225	-513	-278	-263	-254	-328
Payment of Dividends	-106	-100	-89	-80	-73	-78	-81	-80	-83	-87	-91
Issuance of Debt	470	1,000	815	0.00	1,148	1,000	0.00	95	0.00	0.00	500
Other Financing Activities, net	29	28	18	18	1.00	-3.00	-3.00	-2.00	21	22	-7.00
Effect of Exchange Rate Changes	-2.00	-2.00	4.00	-2.00	-1.00	3.00	-2.00	-2.00	0.00	-1.00	5.00
Cash Interest Paid	97	78	124	115	125	136	103	117	131	124	120
Cash Interest Received	-	-	-	-	-	-	0.00	1.00	12	12	6.00
Cash Income Taxes Paid	5.00	13	96	101	89	26	60	102	183	176	94

This table details how cash moves in and out of Allison Transmission's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	7.00	150	54	-4.00	97	140	-7.00	-28	25	124	593
Net Cash From Operating Activities	141	212	238	173	171	246	211	181	184	228	243
Net Cash From Continuing Operating Activities	141	212	238	173	171	246	211	181	184	228	243
Net Income / (Loss) Continuing Operations	175	158	170	169	187	200	175	192	195	137	99
Consolidated Net Income / (Loss)	175	158	170	169	187	200	175	192	195	137	99
Depreciation Expense	27	28	28	27	27	28	29	28	29	30	30
Amortization Expense	11	11	16	5.00	2.00	1.00	5.00	2.00	1.00	7.00	5.00
Non-Cash Adjustments To Reconcile Net Income	8.00	9.00	4.00	15	17	5.00	3.00	4.00	3.00	2.00	35
Changes in Operating Assets and Liabilities, net	-80	6.00	20	-43	-62	12	-1.00	-45	-44	52	74
Net Cash From Investing Activities	-19	-30	-58	-12	-20	-38	-77	-26	-33	-49	-76
Net Cash From Continuing Investing Activities	-19	-30	-58	-12	-20	-38	-77	-26	-33	-49	-76
Purchase of Property, Plant & Equipment	-19	-30	-52	-11	-21	-36	-75	-26	-31	-44	-74
Acquisitions	-	-	-1.00	-1.00	-2.00	-1.00	-2.00	0.00	-2.00	-2.00	-1.00
Other Investing Activities, net	-	-	-5.00	-	-	-	-	-	-	-	-1.00
Net Cash From Financing Activities	-115	-31	-127	-164	-54	-69	-140	-184	-132	-52	425
Net Cash From Continuing Financing Activities	-115	-31	-127	-164	-54	-69	-140	-184	-132	-52	425
Repayment of Debt	-2.00	-2.00	-2.00	-104	-2.00	-1.00	-1.00	-1.00	-6.00	-3.00	-7.00
Repurchase of Common Equity	-97	-20	-106	-52	-31	-50	-121	-150	-105	-27	-46
Payment of Dividends	-21	-20	-20	-22	-22	-22	-21	-24	-22	-23	-22
Effect of Exchange Rate Changes	-	-1.00	1.00	-1.00	-	1.00	-1.00	1.00	6.00	-3.00	1.00
Cash Interest Paid	35	31	36	29	33	29	33	27	33	27	33
Cash Income Taxes Paid	119	43	30	4.00	95	51	40	2.00	93	6.00	-7.00

This table presents Allison Transmission's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,408	4,219	4,205	4,237	4,450	4,477	4,457	4,671	5,025	5,336	6,082
Total Current Assets	617	548	632	725	686	756	671	866	1,250	1,538	2,233
Cash & Equivalents	252	205	199	231	192	310	127	232	555	781	1,495
Accounts Receivable	195	197	221	279	253	228	301	363	356	360	333
Inventories, net	141	126	154	170	199	181	204	224	276	315	316
Other Current Assets	29	17	25	45	42	37	39	47	63	82	89
Plant, Property, & Equipment, net	480	464	448	466	616	638	706	763	774	803	862
Total Noncurrent Assets	3,312	3,207	3,125	3,046	3,148	3,083	3,080	3,042	3,001	2,995	2,987
Long-Term Investments	-	-	-	-	-	-	46	22	20	11	24
Goodwill	1,941	1,941	1,941	1,941	2,041	2,064	2,064	2,075	2,076	2,075	2,075
Intangible Assets	1,335	1,242	1,153	1,066	1,042	963	917	878	833	822	794
Other Noncurrent Operating Assets	36	24	31	39	65	56	53	67	72	87	94
Total Liabilities & Shareholders' Equity	4,408	4,219	4,205	4,237	4,450	4,477	4,457	4,671	5,025	5,336	6,082
Total Liabilities	3,220	3,138	3,516	3,578	3,669	3,721	3,823	3,797	3,792	3,685	4,215
Total Current Liabilities	305	342	417	426	417	373	459	480	501	506	460
Short-Term Debt	25	12	12	0.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00
Accounts Payable	126	128	159	169	150	157	179	195	210	212	190
Accrued Expenses	25	25	22	26	24	36	33	33	32	31	34
Current Deferred Revenue	23	27	41	34	35	34	37	38	41	41	34
Other Current Liabilities	106	150	183	197	202	140	204	208	212	217	197
Total Noncurrent Liabilities	2,915	2,796	3,099	3,152	3,252	3,348	3,364	3,317	3,291	3,179	3,755
Long-Term Debt	2,353	2,147	2,534	2,523	2,512	2,507	2,504	2,501	2,497	2,395	2,885
Noncurrent Deferred Revenue	56	66	75	-	104	109	99	93	89	95	103
Noncurrent Deferred & Payable Income Tax Liabilities	205	312	276	329	387	442	514	536	519	501	557
Other Noncurrent Operating Liabilities	302	271	214	300	249	290	247	187	186	188	210
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,189	1,081	689	659	781	756	634	874	1,233	1,651	1,867
Total Preferred & Common Equity	1,189	1,081	689	659	781	756	634	874	1,233	1,651	1,867
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,187	1,079	688	659	781	756	634	874	1,233	1,651	1,867
Common Stock	1,690	1,728	1,758	1,789	1,803	1,819	1,833	1,849	1,892	1,941	1,961
Retained Earnings	-445	-586	-1,055	-1,100	-970	-974	-1,126	-953	-628	-239	-38
Accumulated Other Comprehensive Income / (Loss)	-59	-63	-15	-30	-52	-89	-73	-22	-31	-51	-56

This table presents Allison Transmission's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	4,593	4,833	4,856	4,987	5,056	5,176	5,368	5,366	5,411	5,517
Total Current Assets	838	1,043	1,069	1,217	1,300	1,423	1,592	1,565	1,587	1,671
Cash & Equivalents	180	344	351	501	551	648	788	753	778	902
Accounts Receivable	374	394	381	372	392	383	393	381	375	329
Inventories, net	223	257	278	281	289	303	326	349	341	331
Other Current Assets	61	48	59	63	68	89	85	82	93	109
Plant, Property, & Equipment, net	711	757	761	763	762	760	780	802	814	834
Total Noncurrent Assets	3,044	3,033	3,026	3,007	2,994	2,993	2,996	2,999	3,010	3,012
Long-Term Investments	22	25	24	21	14	11	13	15	19	23
Goodwill	2,074	2,075	2,076	2,075	2,075	2,075	2,076	2,075	2,076	2,075
Intangible Assets	889	867	855	844	828	826	825	820	818	816
Other Noncurrent Operating Assets	59	66	71	67	77	81	82	89	97	98
Total Liabilities & Shareholders' Equity	4,593	4,833	4,856	4,987	5,056	5,176	5,368	5,366	5,411	5,517
Total Liabilities	3,831	3,845	3,800	3,803	3,714	3,692	3,747	3,701	3,658	3,676
Total Current Liabilities	487	526	497	504	518	511	563	513	472	438
Short-Term Debt	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00	5.00
Accounts Payable	227	221	238	238	244	249	272	241	231	192
Accrued Expenses	26	27	25	23	30	32	29	32	32	34
Current Deferred Revenue	39	45	46	44	42	44	45	37	36	35
Other Current Liabilities	189	227	182	193	197	181	212	198	168	172
Total Noncurrent Liabilities	3,344	3,319	3,303	3,299	3,196	3,181	3,184	3,188	3,186	3,238
Long-Term Debt	2,502	2,500	2,499	2,498	2,398	2,397	2,396	2,395	2,394	2,393
Noncurrent Deferred Revenue	95	94	93	94	92	92	93	99	100	101
Noncurrent Deferred & Payable Income Tax Liabilities	525	525	517	511	513	510	505	498	496	545
Other Noncurrent Operating Liabilities	222	200	194	196	193	182	190	196	196	199
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	762	988	1,056	1,184	1,342	1,484	1,621	1,665	1,753	1,841
Total Preferred & Common Equity	762	988	1,056	1,184	1,342	1,484	1,621	1,665	1,753	1,841
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	762	988	1,056	1,184	1,342	1,484	1,621	1,665	1,753	1,841
Common Stock	1,844	1,858	1,869	1,886	1,912	1,920	1,931	1,938	1,947	1,954
Retained Earnings	-1,021	-845	-788	-670	-533	-399	-272	-226	-157	-70
Accumulated Other Comprehensive Income / (Loss)	-61	-25	-25	-32	-37	-37	-38	-47	-37	-43

This table displays calculated financial ratios and metrics derived from Allison Transmission's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.65%	-7.35%	22.93%	19.94%	-1.25%	-22.32%	15.43%	15.28%	9.61%	6.26%	-6.67%
EBITDA Growth	-12.05%	2.41%	26.53%	35.98%	-2.01%	-36.50%	23.46%	9.50%	18.44%	1.65%	-7.39%
EBIT Growth	-15.30%	5.83%	38.77%	46.98%	-2.59%	-41.24%	29.81%	10.90%	22.41%	5.57%	-9.13%
NOPAT Growth	-15.05%	5.49%	118.80%	17.50%	-4.25%	-42.09%	27.24%	24.85%	15.87%	8.10%	-15.65%
Net Income Growth	-20.39%	18.13%	134.42%	26.79%	-5.48%	-50.50%	47.83%	20.14%	26.74%	8.62%	-14.77%
EPS Growth	-17.60%	23.30%	164.57%	42.26%	2.72%	-46.64%	57.63%	33.90%	33.82%	12.30%	-11.79%
Operating Cash Flow Growth	1.17%	1.90%	11.34%	27.20%	1.19%	-33.77%	13.19%	3.46%	19.33%	2.17%	4.37%
Free Cash Flow Firm Growth	-6.80%	-3.06%	10.34%	31.34%	-33.28%	1.60%	-8.90%	-3.07%	45.86%	-0.48%	-1.06%
Invested Capital Growth	-8.60%	-8.42%	0.03%	-2.80%	5.29%	-4.76%	0.41%	5.25%	1.09%	3.10%	-0.64%
Revenue Q/Q Growth	-3.22%	-0.51%	5.55%	2.22%	-1.80%	-2.94%	4.75%	2.75%	1.91%	0.66%	-1.92%
EBITDA Q/Q Growth	-10.77%	12.56%	-0.49%	9.16%	-2.98%	-7.34%	8.51%	1.77%	3.12%	-0.80%	-5.17%
EBIT Q/Q Growth	-14.76%	19.69%	-0.63%	11.57%	-4.04%	-7.99%	9.90%	2.14%	3.43%	0.10%	-6.18%
NOPAT Q/Q Growth	-16.31%	20.30%	50.90%	-12.21%	-5.76%	-8.10%	7.96%	4.22%	3.55%	1.26%	-10.40%
Net Income Q/Q Growth	-17.20%	28.97%	44.00%	-9.62%	-6.21%	-13.58%	15.10%	4.53%	4.50%	0.69%	-10.87%
EPS Q/Q Growth	-16.26%	28.28%	48.67%	-6.27%	-4.66%	-12.08%	17.66%	6.96%	4.96%	1.71%	-10.17%
Operating Cash Flow Q/Q Growth	3.13%	0.02%	-1.35%	8.56%	-3.42%	-7.12%	1.44%	9.32%	1.82%	-3.26%	3.98%
Free Cash Flow Firm Q/Q Growth	-0.18%	-5.86%	-1.64%	10.12%	-11.93%	2.44%	-5.41%	-3.52%	14.35%	-4.43%	5.21%
Invested Capital Q/Q Growth	-4.63%	-2.50%	4.94%	-1.14%	-0.10%	-1.73%	0.51%	1.92%	-0.16%	1.18%	-2.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.03%	46.96%	50.00%	52.41%	52.03%	47.96%	47.67%	46.84%	48.43%	47.41%	48.60%
EBITDA Margin	31.32%	34.62%	35.63%	40.40%	40.09%	32.77%	35.05%	33.30%	35.98%	34.42%	34.15%
Operating Margin	21.60%	24.57%	28.82%	34.02%	33.30%	25.66%	27.85%	28.31%	30.28%	30.76%	29.24%
EBIT Margin	21.60%	24.67%	27.85%	34.13%	33.67%	25.47%	28.64%	27.56%	30.77%	30.57%	29.77%
Profit (Net Income) Margin	9.16%	11.68%	22.28%	23.55%	22.55%	14.37%	18.40%	19.18%	22.17%	22.67%	20.70%
Tax Burden Percent	62.98%	63.05%	95.64%	79.38%	78.65%	76.08%	77.27%	82.33%	81.38%	81.49%	77.49%
Interest Burden Percent	67.37%	75.11%	83.65%	86.93%	85.14%	74.15%	83.14%	84.53%	88.54%	90.97%	89.73%
Effective Tax Rate	37.02%	36.95%	4.36%	20.62%	21.35%	23.92%	22.73%	17.67%	18.62%	18.51%	22.51%
Return on Invested Capital (ROIC)	7.79%	8.98%	20.54%	24.48%	23.16%	13.40%	17.44%	21.17%	23.79%	25.18%	20.99%
ROIC Less NNEP Spread (ROIC-NNEP)	3.74%	5.55%	14.98%	20.44%	18.94%	8.66%	14.13%	16.18%	20.21%	20.81%	17.04%
Return on Net Nonoperating Assets (RNNOA)	6.29%	9.97%	36.41%	70.33%	60.73%	25.51%	46.16%	49.26%	40.10%	25.51%	14.43%
Return on Equity (ROE)	14.07%	18.95%	56.95%	94.81%	83.89%	38.91%	63.60%	70.42%	63.88%	50.69%	35.42%
Cash Return on Invested Capital (CROIC)	16.77%	17.77%	20.51%	27.31%	18.01%	18.27%	17.03%	16.05%	22.71%	22.13%	21.64%
Operating Return on Assets (OROA)	9.47%	10.52%	14.96%	21.94%	20.77%	11.87%	15.40%	16.72%	19.27%	19.03%	15.69%
Return on Assets (ROA)	4.02%	4.98%	11.97%	15.14%	13.91%	6.70%	9.89%	11.63%	13.88%	14.11%	10.91%
Return on Common Equity (ROCE)	14.05%	18.92%	56.85%	94.74%	83.89%	38.91%	63.60%	70.42%	63.88%	50.69%	35.42%
Return on Equity Simple (ROE_SIMPLE)	15.31%	19.89%	73.15%	96.97%	77.34%	39.55%	69.72%	60.76%	54.58%	44.28%	0.00%
Net Operating Profit after Tax (NOPAT)	270	285	624	733	702	406	517	645	748	808	682
NOPAT Margin	13.60%	15.49%	27.57%	27.01%	26.19%	19.52%	21.52%	23.31%	24.64%	25.07%	22.65%
Net Nonoperating Expense Percent (NNEP)	4.05%	3.43%	5.56%	4.04%	4.22%	4.74%	3.30%	4.99%	3.58%	4.38%	3.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	19.09%	20.02%	19.96%	14.33%
Cost of Revenue to Revenue	52.97%	53.04%	50.00%	47.59%	48.67%	52.04%	52.33%	53.16%	51.57%	52.59%	51.40%
SG&A Expenses to Revenue	15.96%	17.61%	15.12%	13.56%	13.29%	15.23%	12.70%	11.85%	11.76%	10.45%	12.62%
R&D to Revenue	4.68%	4.78%	4.64%	4.83%	5.75%	7.06%	7.12%	6.68%	6.39%	6.20%	5.78%
Operating Expenses to Revenue	25.43%	22.39%	21.18%	18.39%	18.74%	22.30%	19.82%	18.53%	18.15%	16.65%	19.37%
Earnings before Interest and Taxes (EBIT)	429	454	630	926	902	530	688	763	934	986	896
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	622	637	806	1,096	1,074	682	842	922	1,092	1,110	1,028
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.21	4.54	7.93	7.82	6.77	6.01	5.70	4.27	4.17	5.67	4.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.92	2.66	2.41	1.90	1.97	2.18	1.50	1.35	1.69	2.90	2.71
Price to Earnings (P/E)	20.91	22.79	10.82	8.07	2.84	15.19	8.17	7.03	7.64	12.81	13.08
Dividend Yield	2.70%	2.03%	1.56%	1.51%	1.35%	1.69%	2.19%	2.08%	1.97%	0.93%	1.10%
Earnings Yield	4.78%	4.39%	9.24%	12.40%	35.26%	6.58%	12.24%	14.22%	13.09%	7.81%	7.65%
Enterprise Value to Invested Capital (EV/IC)	1.79	2.26	2.57	2.52	2.45	2.28	2.00	1.92	2.24	3.37	2.94
Enterprise Value to Revenue (EV/Rev)	2.99	3.72	3.45	2.75	2.84	3.24	2.48	2.16	2.33	3.40	3.16
Enterprise Value to EBITDA (EV/EBITDA)	9.54	10.76	9.68	6.80	7.09	9.89	7.06	6.49	6.48	9.88	9.26
Enterprise Value to EBIT (EV/EBIT)	13.83	15.10	12.38	8.04	8.44	12.73	8.65	7.85	7.57	11.12	10.62
Enterprise Value to NOPAT (EV/NOPAT)	21.96	24.05	12.51	10.16	10.85	16.60	11.51	9.28	9.45	13.57	13.96
Enterprise Value to Operating Cash Flow (EV/OCF)	10.23	11.60	11.86	8.90	8.99	12.02	9.37	9.11	9.02	13.69	11.39
Enterprise Value to Free Cash Flow (EV/FCFF)	10.19	12.15	12.53	9.11	13.96	12.17	11.78	12.24	9.91	15.44	13.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.00	2.00	3.70	3.83	3.22	3.32	3.96	2.87	2.03	1.45	1.55
Long-Term Debt to Equity	1.98	1.99	3.68	3.83	3.22	3.32	3.95	2.86	2.03	1.45	1.55
Financial Leverage	1.68	1.80	2.43	3.44	3.21	2.95	3.27	3.04	1.98	1.23	0.85
Leverage Ratio	3.50	3.80	4.76	6.26	6.03	5.81	6.43	6.05	4.60	3.59	3.25
Compound Leverage Factor	2.36	2.86	3.98	5.44	5.14	4.31	5.34	5.12	4.07	3.27	2.91
Debt to Total Capital	66.67%	66.64%	78.70%	79.29%	76.33%	76.87%	79.83%	74.15%	67.00%	59.24%	60.75%
Short-Term Debt to Total Capital	0.69%	0.37%	0.37%	0.00%	0.18%	0.18%	0.19%	0.18%	0.16%	0.12%	0.11%
Long-Term Debt to Total Capital	65.98%	66.27%	78.33%	79.29%	76.14%	76.69%	79.64%	73.97%	66.84%	59.12%	60.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.29%	33.30%	21.27%	20.71%	23.67%	23.13%	20.17%	25.85%	33.00%	40.76%	39.25%
Debt to EBITDA	3.82	3.39	3.16	2.30	2.34	3.68	2.98	2.72	2.29	2.16	2.81
Net Debt to EBITDA	3.42	3.07	2.91	2.09	2.17	3.23	2.78	2.44	1.77	1.45	1.33
Long-Term Debt to EBITDA	3.78	3.37	3.14	2.30	2.34	3.68	2.97	2.71	2.29	2.16	2.81
Debt to NOPAT	8.80	7.58	4.08	3.44	3.59	6.19	4.86	3.88	3.35	2.97	4.24
Net Debt to NOPAT	7.87	6.86	3.76	3.13	3.32	5.42	4.52	3.49	2.58	1.99	2.01
Long-Term Debt to NOPAT	8.71	7.53	4.06	3.44	3.58	6.17	4.84	3.87	3.34	2.96	4.23
Altman Z-Score	1.42	1.59	1.67	1.95	1.90	1.39	1.32	1.54	2.04	2.91	2.48
Noncontrolling Interest Sharing Ratio	0.14%	0.16%	0.17%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.03	1.60	1.52	1.70	1.65	2.03	1.46	1.80	2.50	3.04	4.85
Quick Ratio	1.47	1.18	1.01	1.20	1.07	1.44	0.93	1.24	1.82	2.25	3.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	582	564	623	818	546	554	505	489	714	710	703
Operating Cash Flow to CapEx	966.67%	832.39%	723.08%	837.00%	492.44%	487.83%	362.86%	398.18%	627.20%	576.26%	477.71%
Free Cash Flow to Firm to Interest Expense	4.16	4.99	6.04	6.76	4.07	4.05	4.35	4.15	6.67	7.98	7.64
Operating Cash Flow to Interest Expense	4.14	5.23	6.39	6.92	6.32	4.09	5.47	5.57	7.33	9.00	9.09
Operating Cash Flow Less CapEx to Interest Expense	3.71	4.60	5.50	6.09	5.04	3.26	3.97	4.17	6.16	7.44	7.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.43	0.54	0.64	0.62	0.47	0.54	0.61	0.63	0.62	0.53
Accounts Receivable Turnover	9.87	9.39	10.82	10.85	10.07	8.65	9.08	8.34	8.44	9.01	8.69
Inventory Turnover	7.39	7.30	8.08	7.97	7.07	5.70	6.53	6.88	6.26	5.74	4.90
Fixed Asset Turnover	3.99	3.90	4.96	5.94	4.95	3.32	3.57	3.77	3.95	4.09	3.62
Accounts Payable Turnover	7.57	7.68	7.88	7.87	8.18	7.06	7.48	7.87	7.73	8.04	7.70
Days Sales Outstanding (DSO)	36.98	38.88	33.72	33.63	36.24	42.18	40.19	43.76	43.23	40.52	42.02
Days Inventory Outstanding (DIO)	49.42	50.00	45.18	45.80	51.64	64.04	55.90	53.06	58.31	63.60	74.44
Days Payable Outstanding (DPO)	48.21	47.53	46.31	46.37	44.65	51.73	48.78	46.37	47.23	45.41	47.42
Cash Conversion Cycle (CCC)	38.19	41.35	32.60	33.07	43.24	54.48	47.31	50.46	54.31	58.70	69.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,314	3,035	3,036	2,951	3,107	2,959	2,971	3,127	3,161	3,259	3,238
Invested Capital Turnover	0.57	0.58	0.75	0.91	0.88	0.69	0.81	0.91	0.97	1.00	0.93
Increase / (Decrease) in Invested Capital	-312	-279	1.00	-85	156	-148	12	156	34	98	-21
Enterprise Value (EV)	5,932	6,853	7,802	7,447	7,613	6,745	5,948	5,988	7,071	10,968	9,519
Market Capitalization	3,806	4,899	5,455	5,155	5,287	4,542	3,611	3,735	5,143	9,360	8,148
Book Value per Share	$6.94	$6.52	$4.85	$5.08	$6.55	$6.71	$6.08	$9.45	$13.78	$19.06	$22.43
Tangible Book Value per Share	($12.21)	($12.72)	($16.97)	($18.11)	($19.31)	($20.16)	($22.51)	($22.48)	($18.73)	($14.38)	($12.04)
Total Capital	3,566	3,240	3,235	3,182	3,299	3,269	3,144	3,381	3,736	4,051	4,757
Total Debt	2,377	2,159	2,546	2,523	2,518	2,513	2,510	2,507	2,503	2,400	2,890
Total Long-Term Debt	2,353	2,147	2,534	2,523	2,512	2,507	2,504	2,501	2,497	2,395	2,885
Net Debt	2,126	1,954	2,347	2,292	2,326	2,203	2,337	2,253	1,928	1,608	1,371
Capital Expenditures (CapEx)	60	71	91	100	172	115	175	165	125	139	175
Debt-free, Cash-free Net Working Capital (DFCFNWC)	85	13	28	68	83	79	91	160	200	256	283
Debt-free Net Working Capital (DFNWC)	337	218	227	299	275	389	218	392	755	1,037	1,778
Net Working Capital (NWC)	312	206	215	299	269	383	212	386	749	1,032	1,773
Net Nonoperating Expense (NNE)	88	70	120	94	98	107	75	114	75	77	59
Net Nonoperating Obligations (NNO)	2,126	1,954	2,347	2,292	2,326	2,203	2,337	2,253	1,928	1,608	1,371
Total Depreciation and Amortization (D&A)	193	183	176	170	172	152	154	159	158	124	132
Debt-free, Cash-free Net Working Capital to Revenue	4.29%	0.71%	1.24%	2.51%	3.10%	3.80%	3.79%	5.78%	6.59%	7.94%	9.40%
Debt-free Net Working Capital to Revenue	16.95%	11.85%	10.04%	11.02%	10.27%	18.69%	9.08%	14.16%	24.88%	32.16%	59.07%
Net Working Capital to Revenue	15.72%	11.20%	9.50%	11.02%	10.04%	18.40%	8.83%	13.94%	24.68%	32.00%	58.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.03	$1.28	$3.38	$4.81	$4.95	$2.62	$4.13	$5.53	$7.48	$8.40	$7.42
Adjusted Weighted Average Basic Shares Outstanding	171.14M	162.61M	140.07M	126.13M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Adjusted Diluted Earnings per Share	$1.03	$1.27	$3.36	$4.78	$4.91	$2.62	$4.13	$5.53	$7.40	$8.31	$7.33
Adjusted Weighted Average Diluted Shares Outstanding	171.14M	162.61M	140.07M	126.13M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	171.14M	162.61M	140.07M	126.13M	117.76M	111.94M	97.82M	91.86M	87.21M	85.52M	82.81M
Normalized Net Operating Profit after Tax (NOPAT)	330	285	654	733	695	406	517	645	748	808	704
Normalized NOPAT Margin	16.62%	15.49%	28.92%	27.01%	25.95%	19.52%	21.52%	23.31%	24.64%	25.07%	23.40%
Pre Tax Income Margin	14.55%	18.53%	23.30%	29.67%	28.67%	18.89%	23.81%	23.29%	27.25%	27.81%	26.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.06	4.02	6.12	7.65	6.73	3.87	5.93	6.47	8.73	11.08	9.74
NOPAT to Interest Expense	1.93	2.52	6.05	6.06	5.24	2.97	4.46	5.47	6.99	9.08	7.41
EBIT Less CapEx to Interest Expense	2.64	3.39	5.23	6.83	5.45	3.03	4.42	5.07	7.56	9.52	7.84
NOPAT Less CapEx to Interest Expense	1.50	1.89	5.17	5.23	3.95	2.13	2.95	4.07	5.82	7.52	5.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.24%	46.51%	17.66%	12.52%	12.09%	26.09%	18.33%	15.07%	12.33%	11.90%	14.61%
Augmented Payout Ratio	226.37%	165.58%	193.25%	107.82%	77.15%	101.34%	134.39%	67.42%	51.41%	46.65%	67.26%

This table displays calculated financial ratios and metrics derived from Allison Transmission's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.92%	3.66%	7.94%	6.48%	4.21%	11.96%	2.71%	-2.92%	-0.25%	-15.90%	-7.41%
EBITDA Growth	27.03%	13.10%	13.69%	-5.78%	1.06%	15.44%	-3.28%	8.81%	3.16%	-19.27%	-21.29%
EBIT Growth	32.61%	17.02%	15.58%	-4.58%	4.92%	22.73%	0.43%	10.92%	3.13%	-23.70%	-25.54%
NOPAT Growth	32.35%	2.41%	15.91%	5.11%	7.20%	14.91%	5.47%	5.85%	-1.85%	-26.47%	-41.19%
Net Income Growth	43.44%	13.67%	20.57%	-0.59%	6.86%	26.58%	2.94%	13.61%	4.28%	-31.50%	-43.43%
EPS Growth	52.38%	21.38%	23.03%	2.70%	10.94%	28.98%	7.49%	17.37%	7.51%	-28.19%	-41.29%
Operating Cash Flow Growth	120.31%	2.42%	6.25%	-10.36%	21.28%	16.04%	-11.34%	4.62%	7.60%	-7.32%	15.17%
Free Cash Flow Firm Growth	119.12%	27.92%	3,520.60%	94.38%	50.96%	83.70%	-35.50%	-36.49%	-53.73%	-60.63%	39.18%
Invested Capital Growth	2.71%	3.19%	1.09%	1.76%	1.29%	1.74%	3.10%	3.68%	3.97%	2.89%	-0.64%
Revenue Q/Q Growth	5.67%	-6.00%	5.30%	1.81%	3.42%	0.98%	-3.40%	-3.77%	6.27%	-14.86%	6.35%
EBITDA Q/Q Growth	1.81%	-8.16%	5.79%	-4.74%	9.20%	4.91%	-11.37%	7.17%	3.52%	-17.35%	-14.81%
EBIT Q/Q Growth	1.67%	-9.84%	4.55%	-0.43%	11.79%	5.47%	-14.44%	9.96%	3.94%	-21.97%	-16.50%
NOPAT Q/Q Growth	6.31%	-7.31%	2.17%	4.40%	8.42%	-0.64%	-6.23%	4.78%	0.53%	-25.56%	-25.00%
Net Income Q/Q Growth	2.94%	-9.71%	7.59%	-0.59%	10.65%	6.95%	-12.50%	9.71%	1.56%	-29.74%	-27.74%
EPS Q/Q Growth	3.78%	-8.33%	6.25%	1.60%	12.11%	6.57%	-11.45%	10.95%	2.69%	-28.82%	-27.61%
Operating Cash Flow Q/Q Growth	-26.94%	50.35%	12.26%	-27.31%	-1.16%	43.86%	-14.23%	-14.22%	1.66%	23.91%	6.58%
Free Cash Flow Firm Q/Q Growth	56.88%	-25.27%	81.13%	-8.46%	21.84%	-9.07%	-36.40%	-9.86%	-11.23%	-22.64%	124.84%
Invested Capital Q/Q Growth	1.95%	-0.63%	-0.16%	0.60%	1.48%	-0.19%	1.18%	1.17%	1.76%	-1.22%	-2.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.66%	48.51%	47.87%	46.39%	48.28%	48.06%	46.86%	49.35%	49.39%	47.47%	48.03%
EBITDA Margin	36.02%	35.19%	35.35%	33.08%	34.93%	36.29%	33.29%	37.08%	36.12%	35.06%	28.09%
Operating Margin	30.91%	30.16%	29.03%	29.66%	32.23%	31.55%	29.52%	32.51%	31.45%	29.44%	23.20%
EBIT Margin	31.16%	29.89%	29.68%	29.02%	31.37%	32.77%	29.02%	33.16%	32.43%	29.73%	23.34%
Profit (Net Income) Margin	22.35%	21.47%	21.94%	21.42%	22.92%	24.27%	21.98%	25.07%	23.96%	19.77%	13.43%
Tax Burden Percent	81.02%	81.87%	82.52%	82.84%	79.91%	80.32%	83.33%	82.40%	80.58%	75.27%	67.35%
Interest Burden Percent	88.52%	87.73%	89.57%	89.08%	91.41%	92.22%	90.91%	91.73%	91.67%	88.35%	85.47%
Effective Tax Rate	18.98%	18.13%	17.48%	17.16%	20.09%	19.68%	16.67%	17.60%	19.42%	24.73%	32.65%
Return on Invested Capital (ROIC)	23.51%	23.59%	23.13%	24.03%	25.03%	25.43%	24.72%	26.48%	24.64%	20.81%	14.48%
ROIC Less NNEP Spread (ROIC-NNEP)	22.57%	22.48%	22.38%	22.78%	23.83%	24.93%	23.54%	25.72%	23.97%	19.73%	13.39%
Return on Net Nonoperating Assets (RNNOA)	56.06%	49.54%	44.41%	38.86%	36.34%	31.84%	28.86%	29.69%	24.77%	17.52%	11.34%
Return on Equity (ROE)	79.57%	73.14%	67.53%	62.89%	61.37%	57.27%	53.58%	56.17%	49.41%	38.33%	25.82%
Cash Return on Invested Capital (CROIC)	20.13%	20.03%	22.71%	22.28%	22.78%	23.28%	22.13%	21.71%	20.90%	20.45%	21.64%
Operating Return on Assets (OROA)	19.59%	18.58%	18.58%	18.10%	19.49%	20.28%	18.07%	20.38%	19.61%	16.76%	12.30%
Return on Assets (ROA)	14.05%	13.35%	13.73%	13.36%	14.24%	15.02%	13.69%	15.40%	14.48%	11.15%	7.08%
Return on Common Equity (ROCE)	79.57%	73.14%	67.53%	62.89%	61.37%	57.27%	53.58%	56.17%	49.41%	38.33%	25.82%
Return on Equity Simple (ROE_SIMPLE)	59.19%	54.39%	0.00%	50.07%	46.09%	44.79%	0.00%	45.29%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	196	182	186	194	210	209	196	205	206	154	115
NOPAT Margin	25.04%	24.69%	23.96%	24.57%	25.76%	25.34%	24.60%	26.79%	25.34%	22.16%	15.63%
Net Nonoperating Expense Percent (NNEP)	0.94%	1.11%	0.75%	1.25%	1.20%	0.49%	1.18%	0.76%	0.67%	1.08%	1.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	4.97%	-	-	-	4.83%	5.05%	4.97%	3.62%	2.42%
Cost of Revenue to Revenue	51.34%	51.49%	52.13%	53.61%	51.72%	51.94%	53.14%	50.65%	50.61%	52.53%	51.97%
SG&A Expenses to Revenue	11.75%	11.68%	11.87%	10.90%	10.05%	10.32%	10.55%	11.23%	12.53%	11.83%	14.93%
R&D to Revenue	6.00%	6.66%	6.97%	5.83%	6.00%	6.19%	6.78%	5.61%	5.41%	6.20%	5.97%
Operating Expenses to Revenue	17.75%	18.34%	18.84%	16.73%	16.05%	16.50%	17.34%	16.84%	17.94%	18.04%	24.83%
Earnings before Interest and Taxes (EBIT)	244	220	230	229	256	270	231	254	264	206	172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	282	259	274	261	285	299	265	284	294	243	207
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.78	4.40	4.17	5.38	4.46	5.16	5.67	4.91	4.57	3.86	4.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.71	1.75	1.69	2.34	2.12	2.61	2.90	2.56	2.50	2.31	2.71
Price to Earnings (P/E)	8.08	8.08	7.64	10.74	9.68	11.55	12.81	10.85	10.50	10.14	13.08
Dividend Yield	1.59%	1.91%	1.97%	1.17%	1.27%	1.02%	0.93%	1.07%	1.09%	1.25%	1.10%
Earnings Yield	12.38%	12.37%	13.09%	9.31%	10.33%	8.66%	7.81%	9.22%	9.52%	9.86%	7.65%
Enterprise Value to Invested Capital (EV/IC)	2.25	2.27	2.24	2.85	2.59	3.10	3.37	2.98	2.86	2.59	2.94
Enterprise Value to Revenue (EV/Rev)	2.43	2.42	2.33	2.94	2.68	3.11	3.40	3.06	3.00	2.79	3.16
Enterprise Value to EBITDA (EV/EBITDA)	6.98	6.80	6.48	8.42	7.75	8.91	9.88	8.66	8.41	7.91	9.26
Enterprise Value to EBIT (EV/EBIT)	8.24	7.97	7.57	9.81	8.94	10.12	11.12	9.71	9.43	8.97	10.62
Enterprise Value to NOPAT (EV/NOPAT)	10.02	9.96	9.45	11.96	10.84	12.49	13.57	11.97	11.77	11.26	13.96
Enterprise Value to Operating Cash Flow (EV/OCF)	9.39	9.35	9.02	11.85	10.53	12.04	13.69	12.13	11.69	10.66	11.39
Enterprise Value to Free Cash Flow (EV/FCFF)	11.35	11.53	9.91	12.89	11.45	13.41	15.44	13.96	13.96	12.83	13.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.37	2.11	2.03	1.79	1.62	1.48	1.45	1.44	1.37	1.30	1.55
Long-Term Debt to Equity	2.37	2.11	2.03	1.79	1.62	1.48	1.45	1.44	1.37	1.30	1.55
Financial Leverage	2.48	2.20	1.98	1.71	1.52	1.28	1.23	1.15	1.03	0.89	0.85
Leverage Ratio	5.20	4.92	4.60	4.24	3.95	3.69	3.59	3.47	3.27	3.14	3.25
Compound Leverage Factor	4.61	4.32	4.12	3.78	3.61	3.40	3.27	3.18	3.00	2.78	2.77
Debt to Total Capital	70.35%	67.90%	67.00%	64.17%	61.81%	59.70%	59.24%	59.04%	57.78%	56.57%	60.75%
Short-Term Debt to Total Capital	0.17%	0.16%	0.16%	0.13%	0.13%	0.12%	0.12%	0.12%	0.12%	0.12%	0.11%
Long-Term Debt to Total Capital	70.18%	67.73%	66.84%	64.03%	61.68%	59.57%	59.12%	58.92%	57.66%	56.45%	60.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	29.65%	32.10%	33.00%	35.83%	38.19%	40.30%	40.76%	40.96%	42.22%	43.43%	39.25%
Debt to EBITDA	2.43	2.36	2.29	2.23	2.23	2.15	2.16	2.12	2.10	2.21	2.81
Net Debt to EBITDA	2.07	1.87	1.77	1.71	1.62	1.43	1.45	1.44	1.40	1.36	1.33
Long-Term Debt to EBITDA	2.43	2.36	2.29	2.23	2.22	2.14	2.16	2.11	2.10	2.21	2.81
Debt to NOPAT	3.49	3.47	3.35	3.17	3.11	3.01	2.97	2.93	2.94	3.15	4.24
Net Debt to NOPAT	2.97	2.74	2.58	2.43	2.26	2.00	1.99	1.99	1.96	1.94	2.01
Long-Term Debt to NOPAT	3.49	3.46	3.34	3.17	3.11	3.00	2.96	2.92	2.93	3.14	4.23
Altman Z-Score	1.49	1.55	1.57	1.96	1.94	2.26	2.44	2.26	2.27	2.09	2.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.15	2.41	2.50	2.51	2.78	2.83	3.04	3.05	3.36	3.82	4.85
Quick Ratio	1.47	1.73	1.82	1.82	2.02	2.10	2.25	2.21	2.44	2.81	3.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	112	84	152	139	169	154	98	88	78	61	136
Operating Cash Flow to CapEx	742.11%	706.67%	457.69%	1,572.73%	814.29%	702.86%	281.33%	696.15%	593.55%	518.18%	328.38%
Free Cash Flow to Firm to Interest Expense	4.00	3.10	6.32	5.55	7.69	7.33	4.66	4.20	3.56	2.52	5.45
Operating Cash Flow to Interest Expense	5.04	7.85	9.92	6.92	7.77	11.71	10.05	8.62	8.36	9.50	9.72
Operating Cash Flow Less CapEx to Interest Expense	4.36	6.74	7.75	6.48	6.82	10.05	6.48	7.38	6.95	7.67	6.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.62	0.63	0.62	0.62	0.62	0.62	0.61	0.60	0.56	0.53
Accounts Receivable Turnover	7.94	7.98	8.44	7.84	8.16	8.38	9.01	8.28	8.44	8.50	8.69
Inventory Turnover	6.10	6.12	6.26	5.89	5.60	5.53	5.74	5.21	5.13	4.83	4.90
Fixed Asset Turnover	4.03	4.04	3.95	4.06	4.10	4.15	4.09	4.09	4.07	3.80	3.62
Accounts Payable Turnover	7.08	6.63	7.73	6.92	6.69	6.58	8.04	6.85	6.88	6.84	7.70
Days Sales Outstanding (DSO)	46.00	45.72	43.23	46.53	44.75	43.57	40.52	44.06	43.23	42.93	42.02
Days Inventory Outstanding (DIO)	59.81	59.69	58.31	61.97	65.13	66.06	63.60	70.10	71.19	75.55	74.44
Days Payable Outstanding (DPO)	51.54	55.07	47.23	52.78	54.59	55.50	45.41	53.29	53.06	53.36	47.42
Cash Conversion Cycle (CCC)	54.27	50.34	54.31	55.72	55.28	54.13	58.70	60.87	61.36	65.13	69.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,186	3,166	3,161	3,180	3,227	3,221	3,259	3,297	3,355	3,314	3,238
Invested Capital Turnover	0.94	0.96	0.97	0.98	0.97	1.00	1.00	0.99	0.97	0.94	0.93
Increase / (Decrease) in Invested Capital	84	98	34	55	41	55	98	117	128	93	-21
Enterprise Value (EV)	7,180	7,197	7,071	9,055	8,363	9,971	10,968	9,814	9,605	8,570	9,519
Market Capitalization	5,050	5,215	5,143	7,217	6,620	8,371	9,360	8,182	8,003	7,097	8,148
Book Value per Share	$11.60	$13.22	$13.78	$15.34	$16.96	$18.60	$19.06	$19.47	$20.81	$22.02	$22.43
Tangible Book Value per Share	($20.59)	($19.38)	($18.73)	($17.84)	($16.20)	($14.69)	($14.38)	($14.38)	($13.54)	($12.56)	($12.04)
Total Capital	3,561	3,688	3,736	3,745	3,886	4,022	4,051	4,065	4,152	4,239	4,757
Total Debt	2,505	2,504	2,503	2,403	2,402	2,401	2,400	2,400	2,399	2,398	2,890
Total Long-Term Debt	2,499	2,498	2,497	2,398	2,397	2,396	2,395	2,395	2,394	2,393	2,885
Net Debt	2,130	1,982	1,928	1,838	1,743	1,600	1,608	1,632	1,602	1,473	1,371
Capital Expenditures (CapEx)	19	30	52	11	21	35	75	26	31	44	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	227	218	200	236	269	246	256	304	342	336	283
Debt-free Net Working Capital (DFNWC)	578	719	755	787	917	1,034	1,037	1,057	1,120	1,238	1,778
Net Working Capital (NWC)	572	713	749	782	912	1,029	1,032	1,052	1,115	1,233	1,773
Net Nonoperating Expense (NNE)	21	24	16	25	23	8.84	21	13	11	17	16
Net Nonoperating Obligations (NNO)	2,130	1,982	1,928	1,838	1,743	1,600	1,608	1,632	1,602	1,473	1,371
Total Depreciation and Amortization (D&A)	38	39	44	32	29	29	34	30	30	37	35
Debt-free, Cash-free Net Working Capital to Revenue	7.69%	7.32%	6.59%	7.65%	8.63%	7.68%	7.94%	9.49%	10.69%	10.95%	9.40%
Debt-free Net Working Capital to Revenue	19.58%	24.14%	24.88%	25.53%	29.43%	32.27%	32.16%	33.01%	35.00%	40.34%	59.07%
Net Working Capital to Revenue	19.38%	23.94%	24.68%	25.36%	29.27%	32.12%	32.00%	32.85%	34.84%	40.18%	58.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.94	$1.76	$1.93	$1.92	$2.15	$2.30	$2.03	$2.26	$2.32	$1.63	$1.21
Adjusted Weighted Average Basic Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M
Adjusted Diluted Earnings per Share	$1.92	$1.76	$1.87	$1.90	$2.13	$2.27	$2.01	$2.23	$2.29	$1.63	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.53M	89.48M	87.21M	87.48M	87.14M	86.62M	85.52M	84.25M	83.62M	83.23M	82.81M
Normalized Net Operating Profit after Tax (NOPAT)	196	182	186	194	210	209	196	205	206	154	115
Normalized NOPAT Margin	25.04%	24.69%	23.96%	24.57%	25.76%	25.34%	24.60%	26.79%	25.34%	22.16%	15.63%
Pre Tax Income Margin	27.59%	26.22%	26.58%	25.86%	28.68%	30.22%	26.38%	30.42%	29.73%	26.26%	19.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.71	8.15	9.58	9.16	11.64	12.86	11.00	12.10	12.00	8.58	6.88
NOPAT to Interest Expense	7.00	6.73	7.74	7.75	9.55	9.94	9.33	9.77	9.38	6.40	4.61
EBIT Less CapEx to Interest Expense	8.04	7.04	7.42	8.72	10.68	11.19	7.43	10.86	10.59	6.75	3.92
NOPAT Less CapEx to Interest Expense	6.32	5.62	5.57	7.31	8.60	8.28	5.75	8.53	7.97	4.57	1.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.12%	12.73%	12.33%	12.35%	12.28%	11.85%	11.90%	11.80%	11.68%	12.88%	14.61%
Augmented Payout Ratio	61.12%	46.74%	51.41%	53.27%	42.84%	44.77%	46.65%	58.49%	67.59%	70.53%	67.26%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, four-year trend view of Allison Transmission Holdings, Inc. (ALSN) using the quarterly income statements, cash flow statements, and balance sheets from 2022 through 2025. The data show solid cash generation and a stable balance sheet, but some profitability metrics have softened in 2025 as revenue and net income pressures emerged.

Operating cash flow remains robust and positive across 2022–2025. Quarterly net cash from continuing operating activities runs roughly in the $180–$243 million range in 2025, with similar strength in 2022–2024, supporting dividends and capital allocation.
Gross margin stays in a stable, high-40s percentage range. Gross margin for 2025 quarters is typically around 47–49%, similar to or slightly above the 2022–2024 levels, signaling good cost control and pricing leverage.
Free cash flow remains meaningful in the latest quarter. In Q4 2025, operating cash flow (~$243M) minus capital expenditures (~$74M) yields a solid near-term free cash flow contribution.
Liquidity and cash position are solid. Cash and equivalents trend around the mid-to-high hundreds of millions throughout 2025, providing liquidity to fund regular dividends and buybacks if desired.
Long-term debt remains relatively stable and manageable. Long-term debt sits around $2.39B across 2023–2025, with no aggressive leverage buildup observed in the period.
Revenue trend shows a recent uptick then a 2025 pause. Revenue rose from 2022 into 2024, but 2025 figures show a year-over-year dip versus 2024, indicating near-term headwinds without implying a long-term trend.
EPS and per-share metrics softened in 2025. Basic and diluted EPS declined in 2025 relative to 2024, reflecting weaker net income despite ongoing buybacks in some quarters.
Operating margin held in the mid-20s but dipped in 2025 versus 2024. Operating margin was in the mid-20% range historically, but the 2025 period shows a lower level than 2024, suggesting softer profitability despite steady gross margins.
Net income margin compression in 2025. Net income dropped to about $99M in Q4 2025 on $737M in revenue (roughly 13–14% net margin) versus roughly $175M on $796M in 2024 revenue (mid-20s net margin), signaling profitability pressure.
Near-term profitability pressures despite buybacks. While share repurchases occurred, the combination of softer top-line growth and higher earnings attrition in 2025 resulted in weaker overall profitability per share compared with prior years.

05/06/26 07:48 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Allison Transmission's Financials

When does Allison Transmission's fiscal year end?

According to the most recent income statement we have on file, Allison Transmission's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Allison Transmission's net income changed over the last 10 years?

Allison Transmission's net income appears to be on an upward trend, with a most recent value of $623 million in 2025, rising from $182 million in 2015. The previous period was $731 million in 2024. See Allison Transmission's forecast for analyst expectations on whatâ€™s next for the company.

What is Allison Transmission's operating income?

Allison Transmission's total operating income in 2025 was $880 million, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $583 million

How has Allison Transmission's revenue changed over the last 10 years?

Over the last 10 years, Allison Transmission's total revenue changed from $1.99 billion in 2015 to $3.01 billion in 2025, a change of 51.6%.

How much debt does Allison Transmission have?

Allison Transmission's total liabilities were at $4.22 billion at the end of 2025, a 14.4% increase from 2024, and a 30.9% increase since 2015.

How much cash does Allison Transmission have?

In the past 10 years, Allison Transmission's cash and equivalents has ranged from $127 million in 2021 to $1.50 billion in 2025, and is currently $1.50 billion as of their latest financial filing in 2025.

How has Allison Transmission's book value per share changed over the last 10 years?

Over the last 10 years, Allison Transmission's book value per share changed from 6.94 in 2015 to 22.43 in 2025, a change of 223.2%.

Related Companies

Financial statements for NYSE:ALSN last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Allison Transmission (ALSN) Financials

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