Comparing Revenue Performance: Rockwell Automation, Inc. or Allegion plc?

Revenue Showdown: Rockwell Automation vs. Allegion

In the competitive landscape of industrial automation and security solutions, Rockwell Automation, Inc. and Allegion plc have been key players. Over the past decade, Rockwell Automation has consistently outperformed Allegion in terms of revenue, boasting a 2023 revenue that is nearly 2.5 times higher than Allegion's. This trend highlights Rockwell's robust market presence and strategic growth initiatives.

A Decade of Growth

From 2014 to 2023, Rockwell Automation's revenue surged by approximately 37%, reaching a peak of $9.06 billion in 2023. In contrast, Allegion's revenue grew by about 72% during the same period, indicating a strong upward trajectory despite its smaller scale. Notably, Allegion's revenue in 2023 was $3.65 billion, marking its highest annual revenue to date.

Future Prospects

While Rockwell's 2024 data is missing, its historical performance suggests continued dominance. Allegion, however, is rapidly closing the gap, making this an exciting rivalry to watch.