Revenue Showdown: IDEX Corporation vs Allegion plc

Revenue Showdown: IDEX Corporation vs Allegion plc

In the competitive landscape of industrial manufacturing, IDEX Corporation and Allegion plc have been key players. Over the past decade, these companies have demonstrated resilience and growth, with Allegion plc showing a remarkable 72% increase in revenue from 2014 to 2023. Meanwhile, IDEX Corporation has also seen a substantial rise, with a 52% growth in the same period.

A Decade of Growth

Starting in 2014, both companies had similar revenue figures, with Allegion at approximately $2.1 billion and IDEX at $2.15 billion. Fast forward to 2023, Allegion's revenue surged to $3.65 billion, while IDEX reached $3.27 billion. This growth trajectory highlights Allegion's consistent upward trend, particularly notable in the last two years, where it outpaced IDEX.

The Future Outlook

As we look to the future, the question remains: will Allegion continue to lead, or will IDEX close the gap? Investors and industry analysts will be watching closely.