# Allison Transmission Holdings, Inc. (ALSN)

> Source: Nexqual · https://nexqual.com/ALSN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Allison Transmission Holdings, Inc. (ALSN), nexqual.com/ALSN" · informational, not investment advice.

**Price:** USD 109.57 (-1.23% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 110.94 · day 106.25–109.88 · 52w 76.01–137.62 · market cap $9.05B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.40B, net income $529M (12.0% margin), free cash flow $737M (SEC filings).
- Valuation: P/E 17.1x (avg 11.4x at the last 3 fiscal year-ends), EV/EBITDA 12.2x, net debt $3.69B.
- 2 of 80 tracked superinvestors hold ALSN (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $4.5M; 4 not under a Rule 10b5-1 plan ($4.5M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.55 on a 1–5 scale) (11 analysts), mean target USD 138.91 (range 115–185).
- Total return with dividends: 1Y +33.0% vs S&P 500 +14.9%; 5Y +241.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 2.48, revenue estimate $1.47B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.40B | $2.77B | $3.04B | $3.23B | $3.01B | $4.40B |
| Gross profit | $1.15B | $1.30B | $1.47B | $1.53B | $1.46B | — |
| Operating income | $669M | $784M | $919M | $992M | $880M | $861M |
| Net income | $442M | $531M | $673M | $731M | $623M | $529M |
| EPS (diluted) | $4.13 | $5.53 | $7.40 | $8.31 | $7.33 | — |
| Free cash flow | $460M | $490M | $659M | $658M | $661M | $737M |
| Gross margin | 47.7% | 46.8% | 48.4% | 47.4% | 48.6% | — |
| Operating margin | 27.9% | 28.3% | 30.3% | 30.8% | 29.2% | 19.6% |
| Net margin | 18.4% | 19.2% | 22.2% | 22.7% | 20.7% | 12.0% |
| Revenue growth | +15.4% | +15.3% | +9.6% | +6.3% | -6.7% | — |
| Cash + short-term investments | $127M | $232M | $555M | $781M | $1.50B | — |
| Total debt | $2.53B | $2.52B | $2.52B | $2.41B | $2.91B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.1x · P/S 2.1x · EV/EBITDA 12.2x · EV/Sales 2.9x · P/FCF 12.3x · P/B 4.6x · FCF yield 8.15% · Earnings yield 5.85% · Dividend yield (paid, TTM) 1.04% · Buyback yield (TTM) 1.54% · Net debt $3.69B · EV $12.7B
P/E at fiscal year-ends: Dec 2025 13.4x, Dec 2024 13.0x, Dec 2023 7.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold ALSN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Tweedy Browne |  | 0.19% | $2.5M | Added +38.0% |
| Bill Nygren | Oakmark Funds | 0.06% | $45.4M | Reduced -24.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | Graziosi David S. | Chair, President and CEO | 26,708 | $3.6M | 8.1% | No | Too little history (no open-market trades in 2025) |
| 2026-08-11 | Scroggins Eric C. | CLO & Asst. Secretary | 1,050 | $131K | 5.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-10 | Bohley G Frederick | See Remarks | 3,961 | $485K | 3.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-08 | Mell Scott A | CFO & Treasurer | 2,270 | $284K | 68.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.55 on a 1–5 scale), 11 analysts; mean target USD 138.91 (low 115, high 185).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Citigroup | Upgrade | Neutral → Buy | $135 |
| 2026-10-08 | JP Morgan | Target lowered | Neutral | $145 → $142 |
| 2026-10-08 | Wells Fargo | Target lowered | Equal-Weight | $137 → $120 |
| 2026-10-02 | Freedom Broker | Initiated | Buy | $144 |
| 2026-07-17 | Morgan Stanley | Target raised | Equal-Weight | $126 → $130 |
| 2026-07-14 | Citigroup | Target lowered | Neutral | $135 → $125 |
| 2026-07-13 | JP Morgan | Target raised | Neutral | $140 → $145 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +33.0% | +241.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +33.1% | +27.8% |
| Volatility (annualized) | 31.2% | 29.4% |
| Max drawdown | -20.4% (Apr 2026→May 2026) | -33.0% (Nov 2024→Oct 2025) |

## Peers (Auto Parts)
APTV (Aptiv PLC) USD 43.81 -1.20% · ALV (Autoliv, Inc.) USD 118.88 +2.54% · AUR (Aurora Innovation, Inc.) USD 4.86 -2.99% · BWA (BorgWarner Inc.) USD 55.46 -3.46% · MOD (Modine Manufacturing Company) USD 135.17 -9.75% · MBLY (Mobileye Global Inc.) USD 6.95 -1.00%

## More
Full page: https://nexqual.com/ALSN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name ALSN in their own reports (relationship from ALSN's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | DANA Inc (DAN) | 10-K 2026-02-27 | "At closing, Dana entered into a transition services agreement, engineering services agreement, intellectual property and trademark license agreements, and certain supply agreements with Allison." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Allison Transmission | $860.0M | 54.9% | +5.7% |
| Allison Off-Highway | $706.0M | 45.1% | — |
| Total revenue | $1.57B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America On Highway | $430.0M | 27.5% | +3.1% |
| Construction Material Handling | $249.0M | 15.9% | — |
| Service Parts Support Equipment & Other | $177.0M | 11.3% | +0.6% |
| Agriculture | $152.0M | 9.7% | — |
| Service Other | $152.0M | 9.7% | — |
| Outside North America On Highway | $132.0M | 8.4% | -7.0% |
| Defense | $99.0M | 6.3% | +57.1% |
| Industrial Products | $99.0M | 6.3% | — |
| Mining | $54.0M | 3.4% | — |
| Global Off-Highway | $22.0M | 1.4% | +37.5% |
| Total revenue | $1.57B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $2.13B | 70.8% | -8.3% |
| Other Countries | $389.0M | 12.9% | +8.7% |
| China | $138.0M | 4.6% | -19.8% |
| Canada | $105.0M | 3.5% | +41.9% |
| Japan | $92.0M | 3.1% | -32.4% |
| Türkiye | $59.0M | 2.0% | +43.9% |
| Mexico | $53.0M | 1.8% | -27.4% |
| Germany | $42.0M | 1.4% | -10.6% |
| Total revenue | $3.01B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 18%, 11%, 10% of revenue from unnamed direct customers (10-K, filed 2026-02-24).

## Company outlook (8-K filed 2026-08-03)

- "Update Given our second quarter results and improving conditions across our end markets, we are increasing our full year 2026 guidance provided to the market on May 4, 2026."
- "Net income guidance also includes $50 million of additional depreciation."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.48 | $2.42 | +2.2% | $1.47B | 8 |
| Next quarter (ends 2026-12-31) | $2.48 | $2.58 | -3.8% | $1.50B | 8 |
| Current fiscal year (ends 2026-12-31) | $9.95 | $9.93 | +0.1% | $5.94B | 9 |
| Next fiscal year (ends 2027-12-31) | $11.26 | $11.25 | +0.1% | $6.19B | 9 |