Allison Transmission
Builds automatic transmissions, electrified propulsion and off-highway motion systems for working vehicles and equipment.
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Profile
Designs and manufactures fully automatic transmissions, electrified propulsion systems and service parts for commercial and defense vehicles. A second segment adds off-highway axles, gears, gearboxes and motion systems, widening a North America-heavy business while linking execution to cyclical equipment demand and acquisition integration.
Designs and manufactures fully automatic transmissions, electrified propulsion systems and service parts for medium- and heavy-duty commercial vehicles, defense platforms and specialized equipment. The Allison Transmission segment also supports an installed base through replacement parts and support equipment.
Extends the portfolio through Allison Off-Highway Drive & Motion Systems, which supplies axles, gears, gearboxes and other drivetrain and motion products for construction, agriculture, material handling, mining, forestry and industrial uses. The combined operating model now spans two reportable segments and remains rooted in manufacturing and application-specific engineering.
Generates most legacy sales in North America and sells through vehicle manufacturers plus an independent distributor and dealer network. Execution depends on cyclical equipment demand, emissions and climate rules, labor continuity and integrating the acquired off-highway business.
Company facts
Categories
Key statistics
Year to date +27.7% · Average volume (30d) 847.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 13, 2026 | Morgan Stanley | Reiterate | Equal Weight | $36 | $126 | |
| Feb 24, 2026 | Oppenheimer | Reiterate | Outperform | $115 | $135 | |
| Jan 23, 2026 | Wells Fargo | Reiterate | Equal Weight | $85 | $98 | |
| Dec 22, 2025 | Raymond James | Reiterate | Strong Buy | $110 | $115 | |
| Dec 8, 2025 | Raymond James | Upgrade | Outperform | Strong Buy | $85 | $110 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $2.48 | $2.18 | −12.1% | $1.50B | $1.57B | +4.2% | +5.43% |
| May 4, 2026Q1 FY26 | $2.10 | $2.57 | +22.4% | $1.38B | $1.41B | +1.9% | −1.29% |
| Feb 23, 2026Q4 FY25 | $1.56 | $1.18 | −24.4% | $725.4M | $737.0M | +1.6% | +4.41% |
| Oct 29, 2025Q3 FY25 | $1.95 | $1.63 | −16.4% | $719.1M | $693.0M | −3.6% | +2.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $766.0M | $814.0M | $693.0M | $737.0M | $1.41B | $860.0M | |
| Gross profit | $378.0M | $402.0M | $329.0M | $352.0M | $383.0M | $397.0M | |
| Operating income | $249.0M | $256.0M | $204.0M | $226.0M | $212.0M | $281.0M | |
| Net income | $192.0M | $195.0M | $137.0M | $99.0M | $112.0M | $181.0M | |
| Diluted EPS | $2.23 | $2.29 | $1.63 | $1.18 | $1.33 | $2.15 | |
| Gross margin | 49.3% | 49.4% | 47.5% | 47.8% | 27.2% | 46.2% | |
| Operating margin | 32.5% | 31.4% | 29.4% | 30.7% | 15.1% | 32.7% |
Fiscal years (4-quarter sums)FY21 $2.40B · FY22 $2.77B · FY23 $3.04B · FY24 $3.23B · FY25 $3.01B
Revenue by product · Q4 FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $399.0M · Total debt $4.11B · Total assets $8.72B · Shareholders' equity $1.98B
Dividends
Raised for 12 straight years — most recently to $0.29 from $0.27 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Aug 31 | $0.29 | |
| May 18, 2026 | May 18 | May 29 | $0.29 | |
| Mar 9, 2026 | Mar 9 | Mar 20 | $0.29 | raised from $0.27 |
| Nov 21, 2025 | Nov 21 | Dec 5 | $0.27 | |
| Aug 20, 2025 | Aug 20 | Aug 29 | $0.27 | |
| May 19, 2025 | May 19 | May 30 | $0.27 | |
| Mar 3, 2025 | Mar 3 | Mar 14 | $0.27 | raised from $0.25 |
| Nov 18, 2024 | Nov 18 | Nov 27 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 82.94M · Float 82.26M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 12.42M | 14.97% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 3.99M | 4.81% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 3.98M | 4.79% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.74M | 4.51% | 13F | Aug 13, 2026 |
| Boston Partners | 3.18M | 3.83% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | David S. Graziosi | director, officer: Chair, President and CEO | −26,708 | $132.97 |
| Aug 11, 2026 | Eric C. Scroggins | officer: CLO & Asst. Secretary | −1,050 | $125.00 |
| Aug 10, 2026 | G. Frederick Bohley | officer: See Remarks | −3,961 | $122.38 |
| May 8, 2026 | Scott A. Mell | officer: CFO & Treasurer | −1,337 | $125.00 |
| Mar 9, 2026 | Eric C. Scroggins | officer: CLO & Asst. Secretary | −1,313 | $114.40 |
Peers
- Cummins
Broad rival in automated, electric and off-highway drivetrains
- Eaton
Direct rival in commercial transmissions and electric drivetrains
- Caterpillar
Vertically integrated rival across mining, construction and energy
- Twin Disc
Specialist rival in energy and off-highway power transmission
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Allison Transmission | $126.32 | −0.06% | $10.48B | 20.1 | 12.1 | 2.8 | +92.4% |
| Cummins | $564.40 | −0.03% | $77.94B | 28.9 | 17.0 | 2.2 | +9.4% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Twin Disc | $23.12 | +0.04% | $333.5M | 12.4 | 31.7 | 0.9 | +18.3% |
| Median | 31.6 | 27.3 | 3.6 | +19.9% |