• Allegion average net profit margin for 2023 was 14.65%, a 2.46% increase from 2022.
• Allegion average net profit margin for 2022 was 15.02%, a 6.88% decline from 2021.
• Allegion average net profit margin for 2021 was 16.13%, a 45.45% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.