Trane Technologies plc(TT)Earnings, Financials & Key Ratios

TT•NYSE

$488.18

$108.05B mkt cap·37.6× P/E·Price updated May 6, 2026

SectorIndustrials IndustryConstruction Sub-IndustryBuilding systems and controls

AboutTrane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, control, ductless, geothermal, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, cryogenic, diesel-powered, electric-powered trailer and truck, hybrid-powered trailer, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers in the United States; and through sales and service companies with a supporting chain of distributors worldwide. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.Show more

Revenue$21.32B+7.5%
EBITDA$4.23B+9.1%
Net Income$2.92B+13.7%
EPS (Diluted)12.98+15.5%
Gross Margin36.16%+1.3%
EBITDA Margin19.84%+1.5%
Operating Margin18.61%+5.5%
Net Margin13.69%+5.7%
ROE36.28%+2.5%
ROIC26.18%+9.6%
Debt/Equity0.54-25.4%
Interest Coverage17.17+17.6%

Analysis→Technical→

TT Key Insights

Trane Technologies plc (TT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.2%
✓Strong 5Y profit CAGR of 27.8%
✓Strong Piotroski F-Score: 9/9
✓Strong 5Y sales CAGR of 11.4%
✓Share count reduced 2.1% through buybacks
✓Healthy 5Y average net margin of 11.8%

✗Weaknesses

✗Expensive at 12.7x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TT Price & Volume

Trane Technologies plc (TT) stock price & volume — 10-year historical chart

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TT Growth Metrics

Trane Technologies plc (TT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.83%

5 Years11.35%

3 Years10.06%

TTM6.36%

Profit CAGR

10 Years15.95%

5 Years27.84%

3 Years18.44%

TTM5.91%

EPS CAGR

10 Years18%

5 Years29.82%

3 Years20.17%

TTM7.57%

Return on Capital

10 Years16.62%

5 Years21.79%

3 Years25.06%

Last Year27.16%

TT Recent Earnings

Trane Technologies plc (TT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)

Q2 2026Latest

Apr 30, 2026

EPS

$2.63

Est $2.53

+4.0%

Revenue

$5.0B

Est $4.8B

+3.2%

Q1 2026

Jan 29, 2026

EPS

$2.86

Est $2.81

+1.8%

Revenue

$5.1B

Est $5.1B

+1.1%

Q4 2025

Oct 30, 2025

EPS

$3.88

Est $3.80

+2.1%

Revenue

$5.7B

Est $5.8B

-0.6%

Q3 2025

Jul 30, 2025

EPS

$3.88

Est $3.79

+2.4%

Revenue

$5.7B

Est $5.8B

-0.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$2.63vs $2.53+4.0%	$5.0Bvs $4.8B+3.2%
Q1 2026	Jan 29, 2026	$2.86vs $2.81+1.8%	$5.1Bvs $5.1B+1.1%
Q4 2025	Oct 30, 2025	$3.88vs $3.80+2.1%	$5.7Bvs $5.8B-0.6%
Q3 2025	Jul 30, 2025	$3.88vs $3.79+2.4%	$5.7Bvs $5.8B-0.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
CARRCarrier Global CorporationDirect Competitor	53.62B	64.18	37.75	-3.29%	6.03%	9.13%	3.16%	0.90
JCIJohnson Controls International plcDirect Competitor	88.64B	144.82	55.06	2.81%	14.17%	25.66%	1.09%	0.86
LIILennox International Inc.Direct Competitor	18.17B	522.20	23.50	-2.73%	14.89%	72.05%	3.52%	1.77
AAONAAON, Inc.Direct Competitor	7.67B	93.66	72.60	20.11%	7.46%	12.63%		0.48
WMSAdvanced Drainage Systems, Inc.Direct Competitor	12.13B	142.65	24.77	1.04%	15.75%	23.2%	3.04%	0.88
EMREmerson Electric Co.Product Competitor	77.82B	138.40	34.26	3%	13.35%	12.1%	3.43%	0.68
HONHoneywell International Inc.Product Competitor	132.47B	209.06	28.40	7.85%	11.16%	23.05%	4.07%	2.24
ROKRockwell Automation, Inc.Product Competitor	49.01B	435.93	56.84	0.97%	12.36%	29.58%	2.77%	0.98

Compare TT vs Peers

Trane Technologies plc (TT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CARR

Most directly comparable listed peer for TT.

Scale Benchmark

vs HON

Larger-name benchmark to compare TT against a more recognizable public peer.

Peer Set

Compare Top 5

vs CARR, JCI, LII, AAON

TT Income Statement

Trane Technologies plc (TT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	14.2B	12.34B	13.08B	12.45B	14.14B	15.99B	17.68B	19.84B	21.32B	21.6B
Revenue Growth %	5.1%	-13.06%	5.93%	-4.75%	13.5%	13.12%	10.54%	12.22%	7.48%	6.36%
Cost of Goods Sold	9.81B	8.58B	9.09B	8.65B	9.67B	11.03B	11.82B	12.76B	13.61B	13.84B
COGS % of Revenue	69.11%	69.53%	69.48%	69.46%	68.38%	68.95%	66.87%	64.31%	63.84%	-
Gross Profit	4.39B▲ 0%	3.76B▼ 14.2%	4.03B▲ 7.1%	3.8B▼ 5.6%	4.47B▲ 17.5%	4.96B▲ 11.1%	5.86B▲ 18.0%	7.08B▲ 20.9%	7.71B▲ 8.9%	7.76B▲ 0%
Gross Margin %	30.89%	30.47%	30.8%	30.54%	31.62%	31.05%	33.13%	35.69%	36.16%	35.93%
Gross Profit Growth %	4.4%	-14.24%	7.08%	-5.57%	17.52%	11.08%	17.97%	20.89%	8.89%	-
Operating Expenses	2.71B	2.25B	2.36B	2.27B	2.45B	2.55B	2.96B	3.58B	3.74B	3.84B
OpEx % of Revenue	19.06%	18.22%	18.03%	18.23%	17.3%	15.92%	16.76%	18.05%	17.55%	-
Selling, General & Admin	2.5B	2.25B	2.13B	2.05B	2.45B	2.31B	2.96B	3.58B	3.74B	3.84B
SG&A % of Revenue	17.57%	18.22%	16.3%	16.49%	17.3%	14.47%	16.76%	18.05%	17.55%	-
Research & Development	210.8M	166.7M	174.2M	165M	193.5M	211.2M	252.3M	0	347.6M	0
R&D % of Revenue	1.48%	1.35%	1.33%	1.32%	1.37%	1.32%	1.43%	-	1.63%	-
Other Operating Expenses	0	-166.7M	52.6M	51.6M	-193.5M	20.7M	-252.3M	0	-347.6M	0
Operating Income	1.67B▲ 0%	1.51B▼ 9.2%	1.67B▲ 10.4%	1.53B▼ 8.2%	2.02B▲ 32.0%	2.42B▲ 19.6%	2.89B▲ 19.6%	3.5B▲ 20.9%	3.97B▲ 13.4%	3.92B▲ 0%
Operating Margin %	11.73%	12.25%	12.77%	12.31%	14.31%	15.13%	16.37%	17.64%	18.61%	18.17%
Operating Income Growth %	3.87%	-9.2%	10.45%	-8.22%	32%	19.55%	19.64%	20.94%	13.35%	-
EBITDA	2.01B	1.87B	1.96B	1.83B	2.32B	2.74B	3.24B	3.88B	4.23B	4.3B
EBITDA Margin %	14.19%	15.18%	14.98%	14.67%	16.39%	17.12%	18.31%	19.56%	19.84%	19.92%
EBITDA Growth %	3.21%	-7%	4.55%	-6.73%	26.83%	18.15%	18.24%	19.83%	9.06%	5.66%
D&A (Non-Cash Add-back)	349.3M	361.5M	288.8M	294.3M	294.1M	319.2M	343.5M	379.4M	263.4M	378.3M
EBIT	1.63B	1.88B	1.64B	1.54B	2.03B	2.4B	2.8B	3.48B	3.91B	3.87B
Net Interest Income	-206.4M	-218.6M	-242.2M	-244.2M	-229.7M	-214.3M	-219.1M	-202.5M	-223M	-218.5M
Interest Income	9.4M	2.4M	600K	4.5M	4M	9.2M	15.4M	35.9M	4.5M	6.5M
Interest Expense	215.8M	221M	243M	248.7M	233.7M	223.5M	234.5M	238.4M	227.5M	225M
Other Income/Expense	-247.4M	-254.3M	-271.2M	-244.6M	-232.6M	-246.8M	-326.7M	-258.3M	-288.8M	-263.1M
Pretax Income	1.42B▲ 0%	1.26B▼ 11.3%	1.4B▲ 11.2%	1.29B▼ 7.9%	1.79B▲ 39.0%	2.17B▲ 21.3%	2.57B▲ 18.2%	3.24B▲ 26.3%	3.68B▲ 13.5%	3.66B▲ 0%
Pretax Margin %	9.99%	10.19%	10.7%	10.34%	12.67%	13.58%	14.52%	16.34%	17.25%	16.95%
Income Tax	80.2M	234.9M	238.6M	296.8M	333.5M	375.9M	498.4M	627.6M	705.9M	707.3M
Effective Tax Rate %	5.66%	18.68%	17.06%	23.04%	18.62%	17.31%	19.41%	19.36%	19.19%	19.32%
Net Income	1.3B▲ 0%	1.34B▲ 2.7%	1.41B▲ 5.5%	854.9M▼ 39.4%	1.42B▲ 66.5%	1.76B▲ 23.4%	2.02B▲ 15.2%	2.57B▲ 26.9%	2.92B▲ 13.7%	2.9B▲ 0%
Net Margin %	9.17%	10.84%	10.79%	6.86%	10.07%	10.98%	11.45%	12.94%	13.69%	13.42%
Net Income Growth %	-11.76%	2.69%	5.48%	-39.41%	66.5%	23.4%	15.22%	26.88%	13.66%	5.91%
Net Income (Continuing)	1.34B	1.02B	1.16B	991.4M	1.46B	1.8B	2.07B	2.61B	2.97B	2.95B
Discontinued Operations	0	329.8M	265.8M	0	0	0	-27.2M	-24.7M	-37M	-2M
Minority Interest	66.6M	42.1M	44.8M	19.4M	17.2M	16.6M	21.8M	29.5M	21.7M	21.6M
EPS (Diluted)	5.05▲ 0%	5.35▲ 5.9%	5.77▲ 7.9%	3.52▼ 39.0%	5.87▲ 66.8%	7.48▲ 27.4%	8.77▲ 17.2%	11.24▲ 28.2%	12.98▲ 15.5%	12.99▲ 0%
EPS Growth %	-10.62%	5.94%	7.85%	-38.99%	66.76%	27.43%	17.25%	28.16%	15.48%	7.57%
EPS (Basic)	5.22	5.53	5.84	3.56	5.96	7.55	8.85	11.44	13.09	-
Diluted Shares Outstanding	258.1M	250.1M	244.4M	243.1M	242.3M	234.9M	230.7M	228.4M	223.6M	223.1M
Basic Shares Outstanding	249.48M	241.91M	241.6M	240.1M	238.7M	232.6M	227.17M	224.47M	223.6M	223.1M
Dividend Payout Ratio	33.02%	35.85%	36.15%	59.34%	39.42%	35.31%	33.78%	29.5%	28.69%	-

TT Balance Sheet

Trane Technologies plc (TT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	6.12B	5.73B	6.22B	6.91B	6.47B	6.38B	6.87B	7.34B	7.86B	8B
Cash & Short-Term Investments	1.55B	903.4M	1.3B	3.29B	2.16B	1.22B	1.1B	1.59B	1.76B	1.07B
Cash Only	1.55B	903.4M	1.3B	3.29B	2.16B	1.22B	1.1B	1.59B	1.76B	1.07B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.48B	2.68B	2.18B	2.2B	2.43B	2.78B	3.42B	3.09B	3.24B	3.77B
Days Sales Outstanding	63.69	79.22	60.98	64.54	62.73	63.45	70.52	56.86	55.38	63.96
Inventory	1.56B	1.68B	1.71B	1.19B	1.53B	1.99B	2.15B	1.97B	2.1B	2.4B
Days Inventory Outstanding	57.86	71.35	68.79	50.17	57.8	66	66.45	56.41	56.41	60.77
Other Current Assets	536.9M	471.6M	4.55B	224.4M	351.5M	384.8M	207.3M	686M	760.8M	757.6M
Total Non-Current Assets	12.05B	12.18B	14.28B	11.25B	11.59B	11.7B	12.52B	12.81B	13.56B	14.75B
Property, Plant & Equipment	1.55B	1.73B	1.81B	1.35B	1.4B	1.54B	2.29B	2.02B	2.25B	2.34B
Fixed Asset Turnover	9.15x	7.13x	7.24x	9.23x	10.11x	10.41x	7.74x	9.80x	9.47x	9.62x
Goodwill	5.94B	5.96B	6.78B	5.34B	5.5B	5.5B	6.1B	6.13B	6.46B	6.96B
Intangible Assets	3.74B	3.63B	4.15B	3.29B	3.31B	3.26B	3.44B	3.31B	3.24B	3.56B
Long-Term Investments	-757.5M	-538.4M	-682M	-578.5M	-581.5M	239.6M	0	0	0	0
Other Non-Current Assets	824.3M	857.9M	1.54B	1.27B	1.38B	478.9M	701.6M	1.35B	1.61B	6.65B
Total Assets	18.17B▲ 0%	17.91B▼ 1.4%	20.49B▲ 14.4%	18.16B▼ 11.4%	18.06B▼ 0.5%	18.08B▲ 0.1%	19.39B▲ 7.2%	20.15B▲ 3.9%	21.42B▲ 6.3%	22.75B▲ 0%
Asset Turnover	0.78x	0.69x	0.64x	0.69x	0.78x	0.88x	0.91x	0.98x	1.00x	1.00x
Asset Growth %	4.46%	-1.42%	14.39%	-11.4%	-0.53%	0.12%	7.25%	3.89%	6.32%	25.6%
Total Current Liabilities	4.83B	4.32B	4.86B	4.34B	4.75B	5.69B	6.05B	6.07B	6.29B	7.31B
Accounts Payable	1.56B	1.71B	1.38B	1.52B	1.79B	2.09B	2.03B	2.15B	2.15B	2.42B
Days Payables Outstanding	57.89	72.52	55.49	64.14	67.49	69.23	62.54	61.45	57.76	62.6
Short-Term Debt	1.11B	350.6M	650.3M	775.6M	350.4M	1.05B	801.9M	452.2M	693M	693.1M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	509.7M	531.6M	1.64B	451.1M	544.8M	541.2M	591.7M	504.9M	3.44B	4.2B
Current Ratio	1.27x	1.33x	1.28x	1.59x	1.36x	1.12x	1.13x	1.21x	1.25x	1.25x
Quick Ratio	0.95x	0.94x	0.93x	1.32x	1.04x	0.77x	0.78x	0.88x	0.92x	0.92x
Cash Conversion Cycle	63.66	78.05	74.27	50.57	53.04	60.22	74.43	51.81	54.03	62.13
Total Non-Current Liabilities	6.14B	6.53B	7.94B	7.39B	7.03B	6.29B	6.32B	6.59B	6.53B	6.84B
Long-Term Debt	2.96B	3.74B	4.92B	4.5B	4.49B	3.79B	3.98B	4.32B	3.92B	3.92B
Capital Lease Obligations	0	0	0	0	0	0	0	441.2M	0	0
Deferred Tax Liabilities	757.5M	538.4M	572M	578.5M	581.5M	680.1M	703.7M	586.6M	716.3M	2.71B
Other Non-Current Liabilities	2.42B	2.26B	2.45B	2.32B	1.96B	1.82B	1.64B	951M	1.89B	7.47B
Total Liabilities	10.97B	10.85B	13.18B	11.73B	11.79B	11.98B	12.37B	12.66B	12.82B	14.14B
Total Debt	4.06B	4.09B	5.57B	5.27B	4.84B	4.84B	4.78B	5.38B	4.62B	4.62B
Net Debt	2.51B	3.19B	4.27B	1.98B	2.68B	3.62B	3.68B	3.79B	2.85B	3.54B
Debt / Equity	0.56x	0.58x	0.76x	0.82x	0.77x	0.79x	0.68x	0.72x	0.54x	0.54x
Debt / EBITDA	2.02x	2.18x	2.85x	2.89x	2.09x	1.77x	1.48x	1.39x	1.09x	1.07x
Net Debt / EBITDA	1.25x	1.70x	2.18x	1.08x	1.16x	1.32x	1.14x	0.98x	0.67x	0.67x
Interest Coverage	7.57x	8.51x	6.76x	6.18x	8.67x	10.72x	11.95x	14.60x	17.17x	17.21x
Total Equity	7.27B▲ 0%	7.11B▼ 2.3%	7.36B▲ 3.5%	6.45B▼ 12.4%	6.29B▼ 2.4%	6.12B▼ 2.7%	7.02B▲ 14.6%	7.49B▲ 6.7%	8.6B▲ 14.9%	8.61B▲ 0%
Equity Growth %	7.08%	-2.29%	3.52%	-12.38%	-2.42%	-2.68%	14.62%	6.7%	14.88%	51.8%
Book Value per Share	28.18	28.42	30.10	26.52	25.96	26.06	30.42	32.78	38.47	38.60
Total Shareholders' Equity	7.21B	7.06B	7.31B	6.43B	6.27B	6.11B	7B	7.46B	8.6B	8.61B
Common Stock	274M	266.4M	262.8M	263.3M	259.7M	253.3M	251.7M	249M	245M	-1.4B
Retained Earnings	8.9B	9.44B	9.73B	8.5B	8.35B	8.32B	9.13B	9.79B	10.42B	10.49B
Treasury Stock	-1.72B	-1.72B	-1.72B	-1.72B	-1.72B	-1.72B	-1.72B	-1.72B	-1.65B	0
Accumulated OCI	-778.8M	-964.1M	-1.01B	-631.5M	-637.6M	-766.2M	-670.8M	-864.1M	-438.8M	-495.7M
Minority Interest	66.6M	42.1M	44.8M	19.4M	17.2M	16.6M	21.8M	29.5M	21.7M	21.6M

TT Cash Flow Statement

Trane Technologies plc (TT) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	1.52B	1.41B	1.92B	1.44B	1.59B	1.5B	2.39B	3.15B	3.19B	3.19B
Operating CF Margin %	10.73%	11.4%	14.68%	11.52%	11.24%	9.4%	13.52%	15.86%	14.98%	-
Operating CF Growth %	0.11%	-7.59%	36.35%	-25.24%	10.68%	-5.31%	58.88%	31.64%	1.55%	91.25%
Net Income	1.3B	1.34B	1.39B	991.4M	1.46B	1.8B	2.07B	2.57B	2.96B	2.9B
Depreciation & Amortization	353.3M	282.3M	397.4M	294.3M	299.4M	323.6M	348.1M	379.4M	376.3M	378.3M
Stock-Based Compensation	70.8M	52.5M	66.4M	69.5M	66.5M	56.3M	67.1M	82.9M	0	94.1M
Deferred Taxes	0	0	-116.6M	-520.6M	-56.8M	0	0	0	0	0
Other Non-Cash Items	-122.7M	1.4M	13.4M	119.9M	-15.8M	-251M	-21.7M	-123.5M	144.2M	120.07M
Working Capital Changes	-80.5M	-266M	171M	480.5M	-162.2M	-421.1M	-72.8M	238.9M	-281.6M	-25.36M
Change in Receivables	-156.7M	-78.5M	-77.8M	5.9M	-265.4M	-345.4M	-110.1M	-180.6M	-61.2M	0
Change in Inventory	-112.4M	-169.9M	18.4M	109M	-348.8M	-466.7M	-96.4M	162.5M	-84.8M	0
Change in Payables	167.2M	120.7M	80.6M	75.8M	275.3M	317.9M	-125.3M	100.9M	-2.6M	0
Cash from Investing	-374.7M	-629.4M	-1.78B	-376.2M	-545.7M	-540.4M	-1.17B	-562.9M	-640M	-1.01B
Capital Expenditures	-221.3M	-365.6M	-254.1M	-146.2M	-223M	-291.8M	-300.7M	-370.6M	-383M	-461.94M
CapEx % of Revenue	1.56%	2.96%	1.94%	1.17%	1.58%	1.82%	1.7%	1.87%	1.8%	-
Acquisitions	-153.4M	-263.8M	-1.53B	-192.3M	-269.2M	-234.7M	-862.8M	-180.3M	-276M	-674.85M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-37.7M	-53.5M	-13.9M	-8.7M	438M	19M	131.66M
Cash from Financing	-1.43B	-1.38B	270.5M	884.3M	-2.13B	-1.85B	-1.35B	-2.02B	-2.5B	-2.31B
Debt Issued (Net)	-11.7M	17.6M	1.49B	-307.5M	-432.5M	-9.6M	-57.3M	-9M	-159.1M	-166.68M
Equity Issued (Net)	-1.02B	-900.2M	-750.1M	-250M	-1.1B	-1.2B	-669.3M	-1.28B	-1.48B	-25.39M
Dividends Paid	-430.1M	-479.5M	-510.1M	-507.3M	-561.1M	-620.2M	-683.7M	-757.5M	-837.3M	-859.89M
Share Repurchases	-1.02B	-900.2M	-750.1M	-250M	-1.1B	-1.2B	-669.3M	-1.28B	-1.48B	-1.89M
Other Financing	26.2M	-16.7M	40.3M	1.95B	-33.7M	-22.2M	60M	26.7M	-18.1M	-1.25B
Net Change in Cash	-165.3M▲ 0%	-646M▼ 290.8%	400.2M▲ 162.0%	2.01B▲ 402.6%	-1.13B▼ 156.2%	-938.7M▲ 17.0%	-125.2M▲ 86.7%	494.8M▲ 495.2%	173.2M▼ 65.0%	206.3M▲ 0%
Free Cash Flow	1.3B▲ 0%	1.04B▼ 20.0%	1.67B▲ 59.8%	1.29B▼ 22.6%	1.37B▲ 5.9%	1.21B▼ 11.2%	2.09B▲ 72.3%	2.77B▲ 32.8%	2.81B▲ 1.3%	3.16B▲ 0%
FCF Margin %	9.17%	8.44%	12.74%	10.35%	9.66%	7.58%	11.82%	13.99%	13.19%	14.63%
FCF Growth %	-1.16%	-19.97%	59.8%	-22.61%	5.94%	-11.21%	72.32%	32.84%	1.32%	11.71%
FCF per Share	5.05	4.17	6.81	5.30	5.63	5.16	9.05	12.15	12.57	12.57
FCF Conversion (FCF/Net Income)	1.17x	1.05x	1.36x	1.68x	1.12x	0.86x	1.18x	1.22x	1.09x	1.09x
Interest Paid	210M	200.6M	220.9M	243.5M	234.9M	218M	217.4M	233.3M	222M	0
Taxes Paid	286.7M	375.4M	425.3M	151.6M	356.9M	321.3M	523.6M	710.5M	647.1M	0

TT Key Ratios

Trane Technologies plc (TT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	18.52%	18.6%	19.51%	12.39%	22.35%	28.3%	30.81%	35.41%	36.28%	34.69%
Return on Invested Capital (ROIC)	13.19%	11.29%	11.43%	11.46%	17.44%	19.39%	21.24%	23.88%	26.18%	26.18%
Gross Margin	30.89%	30.47%	30.8%	30.54%	31.62%	31.05%	33.13%	35.69%	36.16%	35.93%
Net Margin	9.17%	10.84%	10.79%	6.86%	10.07%	10.98%	11.45%	12.94%	13.69%	13.42%
Debt / Equity	0.56x	0.58x	0.76x	0.82x	0.77x	0.79x	0.68x	0.72x	0.54x	0.54x
Interest Coverage	7.57x	8.51x	6.76x	6.18x	8.67x	10.72x	11.95x	14.60x	17.17x	17.21x
FCF Conversion	1.17x	1.05x	1.36x	1.68x	1.12x	0.86x	1.18x	1.22x	1.09x	1.09x
Revenue Growth	5.1%	-13.06%	5.93%	-4.75%	13.5%	13.12%	10.54%	12.22%	7.48%	6.36%

TT SEC Filings & Documents

Trane Technologies plc (TT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Apr 24, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

FY 2026

Feb 5, 2026·SEC

FY 2025

Feb 6, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 30, 2025·SEC

TT Frequently Asked Questions

Trane Technologies plc (TT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Trane Technologies plc (TT) reported $21.60B in revenue for fiscal year 2025. This represents a 222% increase from $6.70B in 1996.

Trane Technologies plc (TT) grew revenue by 7.5% over the past year. This is steady growth.

Yes, Trane Technologies plc (TT) is profitable, generating $2.90B in net income for fiscal year 2025 (13.7% net margin).

Dividend & Returns

Yes, Trane Technologies plc (TT) pays a dividend with a yield of 0.77%. This makes it attractive for income-focused investors.

Trane Technologies plc (TT) has a return on equity (ROE) of 36.3%. This is excellent, indicating efficient use of shareholder capital.

Trane Technologies plc (TT) generated $3.16B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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