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Allison Transmission Holdings, Inc. (ALSN) 10-Year Financial Performance & Capital Metrics

ALSN • • Industrial / General
Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems
AboutAllison 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.Show more
  • Revenue $3.23B +6.3%
  • EBITDA $1.11B +3.7%
  • Net Income $731M +8.6%
  • EPS (Diluted) 8.31 +12.3%
  • Gross Margin 47.41% -2.1%
  • EBITDA Margin 34.51% -2.4%
  • Operating Margin 30.76% +1.6%
  • Net Margin 22.67% +2.2%
  • ROE 50.69% -20.6%
  • ROIC 22.98% +5.9%
  • Debt/Equity 1.47 -27.9%
  • Interest Coverage 11.15 +29.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 61.7%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 20.4% free cash flow margin
  • ✓Share count reduced 3.3% through buybacks
  • ✓Healthy 5Y average net margin of 19.4%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.25%
5Y3.63%
3Y10.32%
TTM-4.21%

Profit (Net Income) CAGR

10Y12.33%
5Y3.89%
3Y18.26%
TTM-3.72%

EPS CAGR

10Y20.86%
5Y11.1%
3Y26.25%
TTM-0.61%

ROCE

10Y Avg17.65%
5Y Avg18.22%
3Y Avg20.48%
Latest21.21%

Peer Comparison

Transmission & Gear Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PHINPHINIA Inc.2.7B70.1239.84-2.77%2.63%5.67%7.53%0.66
BWABorgWarner Inc.10.4B48.6032.40-0.81%0.95%2.18%6.55%0.76
GTXGarrett Motion Inc.3.74B19.2215.25-10.58%9.22%8.48%
ALSNAllison Transmission Holdings, Inc.9.28B111.5513.426.26%22.78%37.97%7.09%1.47
GGRGogoro Inc.45.8M3.10-0.34-11.21%-46.88%-99.31%2.23
WPRTWestport Fuel Systems Inc.37.5M2.16-1.70-8.89%-37.88%-75.62%0.39
KNDIKandi Technologies Group, Inc.83.69M1.02-1.733.21%-49.1%-14.35%0.24
SESSES AI Corporation693.77M2.16-6.97-490.03%-39.68%0.04

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.99B1.84B2.26B2.71B2.7B2.08B2.4B2.77B3.04B3.23B
Revenue Growth %-0.07%-0.07%0.23%0.2%-0.01%-0.23%0.15%0.15%0.1%0.06%
Cost of Goods Sold+1.05B976M1.13B1.29B1.3B1.08B1.26B1.47B1.56B1.7B
COGS % of Revenue0.53%0.53%0.5%0.48%0.48%0.52%0.52%0.53%0.52%0.53%
Gross Profit+933.8M864.2M1.13B1.42B1.39B998M1.15B1.3B1.47B1.53B
Gross Margin %0.47%0.47%0.5%0.52%0.52%0.48%0.48%0.47%0.48%0.47%
Gross Profit Growth %-0.04%-0.07%0.31%0.26%-0.02%-0.28%0.15%0.13%0.13%0.04%
Operating Expenses+505M412M479M499M502M464M476M513M551M537M
OpEx % of Revenue0.25%0.22%0.21%0.18%0.19%0.22%0.2%0.19%0.18%0.17%
Selling, General & Admin317M324M342M368M356M317M305M328M357M337M
SG&A % of Revenue0.16%0.18%0.15%0.14%0.13%0.15%0.13%0.12%0.12%0.1%
Research & Development93M88M105M131M154M147M171M185M194M200M
R&D % of Revenue0.05%0.05%0.05%0.05%0.06%0.07%0.07%0.07%0.06%0.06%
Other Operating Expenses95M032M0-8M00000
Operating Income+429M452M652M923M892M534M669M784M919M992M
Operating Margin %0.22%0.25%0.29%0.34%0.33%0.26%0.28%0.28%0.3%0.31%
Operating Income Growth %-0.16%0.05%0.44%0.42%-0.03%-0.4%0.25%0.17%0.17%0.08%
EBITDA+614M628M822M1.09B1.06B682M819M939M1.07B1.11B
EBITDA Margin %0.31%0.34%0.36%0.4%0.39%0.33%0.34%0.34%0.35%0.35%
EBITDA Growth %-0.13%0.02%0.31%0.32%-0.03%-0.36%0.2%0.15%0.14%0.04%
D&A (Non-Cash Add-back)185M176M170M164M167M148M150M155M154M121M
EBIT403M442M630M926M902M530M688M763M934M986M
Net Interest Income+-140M-113M-103M-121M-134M-137M-116M-118M-107M-89M
Interest Income700K700K00000000
Interest Expense139.8M101.3M103M121M134M137M116M118M107M89M
Other Income/Expense-140M-111M-125M-118M-124M-141M-97M-139M-92M-95M
Pretax Income+289M341M527M805M768M393M572M645M827M897M
Pretax Margin %0.15%0.19%0.23%0.3%0.28%0.19%0.24%0.23%0.27%0.28%
Income Tax+107M126M23M166M164M94M130M114M154M166M
Effective Tax Rate %0.63%0.63%0.96%0.79%0.79%0.76%0.77%0.82%0.81%0.81%
Net Income+182M215M504M639M604M299M442M531M673M731M
Net Margin %0.09%0.12%0.22%0.24%0.22%0.14%0.18%0.19%0.22%0.23%
Net Income Growth %-0.2%0.18%1.34%0.27%-0.05%-0.5%0.48%0.2%0.27%0.09%
Net Income (Continuing)182M215M504M639M604M299M442M531M673M731M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.031.273.364.784.912.624.135.537.408.31
EPS Growth %-0.18%0.23%1.65%0.42%0.03%-0.47%0.58%0.34%0.34%0.12%
EPS (Basic)1.031.283.384.814.952.624.135.537.488.40
Diluted Shares Outstanding176.99M169.21M150M133.68M123M114M107M96M91M88M
Basic Shares Outstanding175.9M167.89M149.11M132.85M122M114M107M96M90M87M
Dividend Payout Ratio0.58%0.47%0.18%0.13%0.12%0.26%0.18%0.15%0.12%0.12%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+616.8M547.6M632M725M686M756M671M866M1.25B1.54B
Cash & Short-Term Investments251.6M204.7M199M231M192M310M127M232M555M781M
Cash Only251.6M204.7M199M231M192M310M127M232M555M781M
Short-Term Investments0000000000
Accounts Receivable195M196.9M254M279M253M228M301M363M356M360M
Days Sales Outstanding35.8439.0540.9937.5434.2339.9945.7447.8542.8140.74
Inventory141.4M125.6M154M170M199M181M204M224M276M315M
Days Inventory Outstanding49.0646.9749.748.0655.76159.2455.5464.3767.79
Other Current Assets28.8M20.4M25M45M42M37M39M47M63M82M
Total Non-Current Assets+3.79B3.67B3.57B3.51B3.76B3.72B3.79B3.81B3.77B3.8B
Property, Plant & Equipment479.7M464.1M448M466M616M638M706M763M774M803M
Fixed Asset Turnover4.14x3.97x5.05x5.82x4.38x3.26x3.40x3.63x3.92x4.02x
Goodwill1.94B1.94B1.94B1.94B2.04B2.06B2.06B2.08B2.08B2.08B
Intangible Assets1.33B1.24B1.15B1.07B1.04B963M917M878M833M822M
Long-Term Investments0-311.9M-276M-329M-387M-442M46M22M20M11M
Other Non-Current Assets34.2M23.5M31M39M65M56M99M-469M72M87M
Total Assets+4.41B4.22B4.21B4.24B4.45B4.48B4.46B4.67B5.03B5.34B
Asset Turnover0.45x0.44x0.54x0.64x0.61x0.46x0.54x0.59x0.60x0.60x
Asset Growth %-0.08%-0.04%-0%0.01%0.05%0.01%-0%0.05%0.08%0.06%
Total Current Liabilities+301.5M342.2M417M426M417M373M459M480M501M506M
Accounts Payable126.2M127.9M159M169M150M157M179M195M210M212M
Days Payables Outstanding43.7947.8351.3147.7841.9952.9151.9848.3548.9845.63
Short-Term Debt24.5M11.9M12M06M6M6M6M6M5M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities99.5M96.1M132M142M134M125M153M165M96M96M
Current Ratio2.05x1.60x1.52x1.70x1.65x2.03x1.46x1.80x2.50x3.04x
Quick Ratio1.58x1.23x1.15x1.30x1.17x1.54x1.02x1.34x1.94x2.42x
Cash Conversion Cycle41.1238.1939.3737.8247.9448.085355.0458.2162.91
Total Non-Current Liabilities+2.92B2.8B3.1B3.15B3.25B3.35B3.36B3.32B3.29B3.18B
Long-Term Debt2.35B2.15B2.53B2.52B2.51B2.51B2.5B2.5B2.5B2.4B
Capital Lease Obligations000018M17M13M13M014M
Deferred Tax Liabilities204.6M311.9M276M329M387M442M514M536M519M501M
Other Non-Current Liabilities301.5M583M214M212M231M273M234M174M186M174M
Total Liabilities3.22B3.14B3.52B3.58B3.67B3.72B3.82B3.8B3.79B3.69B
Total Debt+2.38B2.16B2.55B2.52B2.54B2.53B2.53B2.52B2.51B2.42B
Net Debt2.13B1.95B2.35B2.29B2.35B2.22B2.4B2.29B1.95B1.64B
Debt / Equity2.00x2.00x3.70x3.83x3.25x3.35x3.99x2.89x2.03x1.47x
Debt / EBITDA3.87x3.44x3.10x2.32x2.40x3.72x3.09x2.69x2.34x2.17x
Net Debt / EBITDA3.46x3.11x2.86x2.11x2.22x3.26x2.93x2.44x1.82x1.47x
Interest Coverage3.07x4.46x6.33x7.63x6.66x3.90x5.77x6.64x8.59x11.15x
Total Equity+1.19B1.08B689M659M781M756M634M874M1.23B1.65B
Equity Growth %-0.15%-0.09%-0.36%-0.04%0.19%-0.03%-0.16%0.38%0.41%0.34%
Book Value per Share6.726.384.594.936.356.635.939.1013.5518.76
Total Shareholders' Equity1.19B1.08B689M659M781M756M634M874M1.23B1.65B
Common Stock1.7M1.6M1M1M1M1M1M1M1M1M
Retained Earnings-444.5M-586.4M-1.05B-1.1B-970M-974M-1.13B-953M-628M-239M
Treasury Stock0000000000
Accumulated OCI-58.8M-62.9M-15M-30M-52M-89M-73M-22M-31M-51M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+563.8M590.8M658M837M847M561M635M657M784M801M
Operating CF Margin %0.28%0.32%0.29%0.31%0.31%0.27%0.26%0.24%0.26%0.25%
Operating CF Growth %0.01%0.05%0.11%0.27%0.01%-0.34%0.13%0.03%0.19%0.02%
Net Income182.3M214.9M504M639M604M299M442M531M673M731M
Depreciation & Amortization185.4M175.9M170M164M167M148M150M155M154M121M
Stock-Based Compensation9.8M9.4M12M13M13M17M14M18M22M0
Deferred Taxes96M114.2M-50M52M65M69M64M-4M-17M-17M
Other Non-Cash Items106.3M12.4M25M17M13M26M-3M28M3M43M
Working Capital Changes-16M64M-3M-48M-15M2M-32M-71M-51M-77M
Change in Receivables9M-3M-19M-61M37M28M-78M-70M7M-8M
Change in Inventory-2M15M-25M-18M-11M21M-26M-25M-52M-44M
Change in Payables-25.1M2M30M9M-25M-4M24M15M21M1M
Cash from Investing+-59.7M-71.4M-94M-103M-405M-111M-212M-183M-129M-147M
Capital Expenditures-58.1M-70.6M-91M-100M-172M-115M-175M-167M-125M0
CapEx % of Revenue0.03%0.04%0.04%0.04%0.06%0.06%0.07%0.06%0.04%0.04%
Acquisitions----------
Investments----------
Other Investing0000-172M0-212M3M0-139M
Cash from Financing+-528.7M-564.7M-574M-700M-480M-335M-604M-367M-332M-427M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-105.6M-100.6M-89M-80M-73M-78M-81M-80M-83M-87M
Share Repurchases----------
Other Financing-3.2M-16.6M-7M17M-16M-15M-6M2M-7M18M
Net Change in Cash----------
Free Cash Flow+505.7M520.2M567M737M675M446M460M490M659M658M
FCF Margin %0.25%0.28%0.25%0.27%0.25%0.21%0.19%0.18%0.22%0.2%
FCF Growth %0.03%0.03%0.09%0.3%-0.08%-0.34%0.03%0.07%0.34%-0%
FCF per Share2.863.073.785.515.493.914.305.107.247.48
FCF Conversion (FCF/Net Income)3.10x2.75x1.31x1.31x1.40x1.88x1.44x1.24x1.16x1.10x
Interest Paid97M78M124M115M125M136M103M117M131M124M
Taxes Paid5M13M96M101M89M26M60M102M194M190M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.07%18.95%56.97%94.81%83.89%38.91%63.6%70.42%63.88%50.69%
Return on Invested Capital (ROIC)9.23%10.68%16.11%23.13%22%13.11%16.69%18.97%21.71%22.98%
Gross Margin47.02%46.96%50%52.41%51.67%47.96%47.67%46.84%48.43%47.41%
Net Margin9.17%11.68%22.28%23.55%22.39%14.37%18.4%19.18%22.17%22.67%
Debt / Equity2.00x2.00x3.70x3.83x3.25x3.35x3.99x2.89x2.03x1.47x
Interest Coverage3.07x4.46x6.33x7.63x6.66x3.90x5.77x6.64x8.59x11.15x
FCF Conversion3.10x2.75x1.31x1.31x1.40x1.88x1.44x1.24x1.16x1.10x
Revenue Growth-6.66%-7.33%22.92%19.94%-0.55%-22.87%15.43%15.28%9.61%6.26%

Revenue by Segment

2015201620172018201920202021202220232024
Service Parts Support Equipment And Other----544M464M517M588M696M663M
Service Parts Support Equipment And Other Growth------14.71%11.42%13.73%18.37%-4.74%
Defense---158M151M182M186M146M166M212M
Defense Growth-----4.43%20.53%2.20%-21.51%13.70%27.71%
Service Parts Support Equipment and Other---633M------
Service Parts Support Equipment and Other Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES1.46B1.28B1.61B1.92B1.92B1.52B-1.94B2.17B2.32B
UNITED STATES Growth--12.51%26.37%19.08%-0.36%-20.57%--11.68%7.05%
Other Countries234.3M206.2M208M197M201M151M187M384M433M399M
Other Countries Growth--11.99%0.87%-5.29%2.03%-24.88%23.84%105.35%12.76%-7.85%
CHINA63.9M50M62M127M136M87M-196M164M172M
CHINA Growth--21.75%24.00%104.84%7.09%-36.03%---16.33%4.88%
JAPAN48.7M69.5M75M101M79M66M-103M102M136M
JAPAN Growth-42.71%7.91%34.67%-21.78%-16.46%---0.97%33.33%
CANADA95.5M114.6M125M104M104M70M-57M65M74M
CANADA Growth-20.00%9.08%-16.80%0.00%-32.69%--14.04%13.85%
MEXICO-41.3M39M57M71M61M-41M51M73M
MEXICO Growth---5.57%46.15%24.56%-14.08%--24.39%43.14%
GERMANY39.6M53.4M45M55M59M36M-44M49M47M
GERMANY Growth-34.85%-15.73%22.22%7.27%-38.98%--11.36%-4.08%
U S------1.71B---
U S Growth----------
C N------122M---
C N Growth----------
J P------109M---
J P Growth----------
C A------62M---
C A Growth----------
M X------50M---
M X Growth----------
D E------34M---
D E Growth----------
K R------28M---
K R Growth----------
SE------27M---
SE Growth----------
N L------24M---
N L Growth----------
KOREA, REPUBLIC OF-----22M----
KOREA, REPUBLIC OF Growth----------
NETHERLANDS--30M25M-21M----
NETHERLANDS Growth----16.67%------
FRANCE---40M37M21M----
FRANCE Growth-----7.50%-43.24%----
BRAZIL----34M-----
BRAZIL Growth----------
TURKEY--28M-27M-----
TURKEY Growth----------
SWEDEN---30M------
SWEDEN Growth----------

Frequently Asked Questions

Valuation & Price

Allison Transmission Holdings, Inc. (ALSN) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Allison Transmission Holdings, Inc. (ALSN) reported $3.07B in revenue for fiscal year 2024. This represents a 42% increase from $2.16B in 2011.

Allison Transmission Holdings, Inc. (ALSN) grew revenue by 6.3% over the past year. This is steady growth.

Yes, Allison Transmission Holdings, Inc. (ALSN) is profitable, generating $699.0M in net income for fiscal year 2024 (22.7% net margin).

Dividend & Returns

Yes, Allison Transmission Holdings, Inc. (ALSN) pays a dividend with a yield of 0.89%. This makes it attractive for income-focused investors.

Allison Transmission Holdings, Inc. (ALSN) has a return on equity (ROE) of 50.7%. This is excellent, indicating efficient use of shareholder capital.

Allison Transmission Holdings, Inc. (ALSN) generated $685.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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