艾里逊变速箱 2025年度报告

Global leader in high-performancemobility and work solutions built for theneeds of the modern industrial world Allison (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrialworld. Beginning in 2026, Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive &Motion Systems. Headquartered in Indianapolis, Indiana, USA, Allison manufactures solutions which offer industry-leading valuepropositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and nationalsecurity. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries movinganytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 շANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year Ended December 31, 2025ORնTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number 001-35456 ALLISON TRANSMISSION HOLDINGS, INC.(Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction of incorporation ororganization) 26-0414014(I.R.S. EmployerIdentification Number) One Allison WayIndianapolis, IN 46222(Address of principal executive offices and zip code)(317) 242-5000(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassTrading Symbol(s)Name of Each Exchange On Which RegisteredCommon Stock, $0.01 par valueALSNNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesշNoն Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.YesշNoն Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).YesշNoն Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerշAccelerated filerնNon-accelerated filerնSmaller reporting companyնEmerging growth companyն If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.ն Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.շ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.ն Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).ն The aggregate market value of the voting and non-voting stock held by non-affiliates was approximately $7,896 million as of June 30, 2025.As of January 30, 2026, there were 82,805,592 shares of Common Stock outstanding. Documents Incorporated by Reference Portions of the Registrant’s definitive Proxy Statement for its 2026 annual meeting of stockholders will be incorporated by reference in Part III ofthis Annual Report on Form 10-K. Table Of Contents PART I. Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II. Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities39Item 6.[Reserved]40Item 7.Management’s Discussion and Analysis of Financial Conditi