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Makes automatic transmissions for medium- and heavy-duty trucks, buses and defense vehicles, and is expanding into electrified propulsion.
Makes automatic transmissions for medium- and heavy-duty trucks, buses and defense vehicles, and is expanding into electrified propulsion.
Sells automatic transmissions to truck, bus and military vehicle makers, who fit them at the factory, then earns service-parts revenue as the vehicles age, so sales track commercial vehicle production. General Motors sold it to Carlyle and Onex in 2007, and it went public in 2012.
Moat: narrow (scale, installed base, IP / patents). Dominant share in automatic transmissions for commercial trucks with a large aftermarket parts/service base.
Headquarters: Indianapolis, Indiana, US · Founded: 2007 · Employees: 4,000
Size Allison Transmission (ALSN) is a United States Consumer Discretionary company (Auto Parts: OEM) with a market value of $9.65B, the 793rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $116.88 on 6 Nov 2026.
Performance Over six months the shares fell 5.9%, against -9.0% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 70.8% over the last twelve months (peer median +5.5%); the operating margin is 20.3% (peer median 8.4%).
Valuation It trades at 11.0× forward earnings against a peer median of 22.2× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (8.7% WACC).
Credit Allison Transmission has 1 bond outstanding ($1.00B), rated Ba2 by the agencies and trading like BBB- at a weighted spread of 113 bp.
Short interest Short interest is 2.8% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.24B | $3.01B | $3.23B | $3.04B | $2.77B |
| Revenue growth | — | -7% | +6% | +10% | — |
| Gross profit | $1.71B | $1.46B | $1.52B | $1.43B | $1.25B |
| EBITDA | $1.31B | $1.10B | $1.11B | $1.07B | $941M |
| Net income | $583M | $623M | $731M | $673M | $531M |
| Free cash flow | $805M | $649M | $658M | $659M | $490M |
| Capital expenditure | $223M | $175M | $143M | $125M | $167M |
| Total debt | $4.13B | $2.91B | $2.42B | $2.52B | $2.52B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Allison Transmission ALSN | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Dana DAN | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% |
| Aisin 7259.T | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% |
| BorgWarner BWA | $9.80B | -20% | 0% | 11% | 8.7× | -3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALSN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +1.3% | 8th highest of 21 |
| 6-month return | -5.9% | -9.0% | 10th highest of 21 |
| Distance from 52-week high | -15.1% | -23.8% | 8th highest of 21 |
| Revenue growth (TTM) | +70.8% | +5.5% | highest of 21 |
| Operating margin | 20.3% | 8.4% | 2nd highest of 21 |
| Forward P/E | 11.0× | 22.2× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 2.6% | 10.1% | 6th least demanding of 17 |
| Growth delivered (Del g) | +7.7% | +9.3% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | -5.0 pp | -0.3 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +6.0 pp | +1.6 pp | 4th highest of 21 |
| EV / EBITDA | 10.1× | 10.6× | 7th cheapest of 14 |
| Net debt / EBITDA | 2.8× | 1.0× | most indebted of 14 |
| Bond spread | 113 bp | 169 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Huayu Automotive Systems 600741.SS | China | $7.87B | -11% | +1% | 3% | 7.9× | -15.5% | +6.6% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Huizhou Desay SV Automotive 002920.SZ | China | $7.12B | -23% | +12% | 7% | 17.5× | n/a | n/a |
| Anhui Jianghuai Automobile 600418.SS | China | $6.48B | -60% | +23% | -2% | 44.4× | n/a | n/a |
| Zhejiang Sling Intelligent Drive 301550.SZ | China | $6.34B | +14% | +7% | 19% | 230.9× | n/a | n/a |
| Wanxiang Qianchao 000559.SZ | China | $6.24B | -22% | -4% | 8% | 36.7× | 21.2% | +4.2% |
| Kuang-Chi Technologies 002625.SZ | China | $6.05B | -52% | -7% | 20% | 21.6× | n/a | n/a |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Magna International MG.TO | Canada | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% | +6.0% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
Allison Transmission has 1 bond outstanding with $1.00B face value. The agencies rate it Ba2; its bonds trade like BBB-. Weighted yield 5.80%, a spread of 113 bp over government bonds.