Alarm.com Holdings, Inc. (ALRM) intrinsic value & 10-year financials
Alarm.com Holdings, Inc. (ALRM) has a Graham intrinsic value of $81.71 per share. At $57.37 on Oct 17, 2026, the stock trades 30% below that value. Over the last 10 fiscal years revenue grew 16.2% a year to $1.0B, with an average return on invested capital of 54.8%.
- Graham intrinsic value
- $81.71
- Share price (Oct 17, 2026)
- $57.37
- Price vs Graham value
- 30% below
- Market cap
- $3.4B
- Revenue (FY2025)
- $1.0B
- Revenue growth (10-yr CAGR)
- 16.2%
- ROIC (10-yr avg)
- 54.8%
- Free cash flow (FY2025)
- $137.0M
ALRM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.0B | $131.6M | $2.46 | $137.0M | 13.2% | -43.9% |
| FY2024 | $939.8M | $122.5M | $2.29 | $196.3M | 11.5% | -45.0% |
| FY2023 | $881.7M | $80.3M | $1.53 | $128.4M | 7.6% | 681.6% |
| FY2022 | $842.6M | $55.6M | $1.07 | $28.3M | 6.1% | -165.1% |
| FY2021 | $749.0M | $51.2M | $1.01 | $92.1M | 8.2% | 41.4% |
| FY2020 | $618.0M | $76.7M | $1.53 | $85.9M | 9.1% | 15.4% |
| FY2019 | $502.4M | $53.5M | $1.06 | $27.8M | 10.0% | 17.1% |
| FY2018 | $420.5M | $21.5M | $0.43 | $49.7M | 2.9% | 6.0% |
| FY2017 | $338.9M | $29.3M | $0.59 | $46.7M | 9.8% | 22.9% |
| FY2016 | $261.1M | $10.2M | $0.21 | $8.4M | 5.4% | 17.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Alarm.com Holdings, Inc. is a consistent compounder, expanding top-line revenue at 16.2% annually over the past decade.
Alarm.com Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.6% ROIC.
Alarm.com Holdings, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Alarm.com Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $81.71 per share.