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Trane Technologies plc

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Key Metrics

Previous Close: $455.48
52-Week Range: $348.06 – $505.87
Market Cap: $99.25B
P/E (TTM): 33.56
EPS (TTM): 13.44
Dividend Yield: 0.92%

Advanced Metrics

Price/Book: 11.62
PEG Ratio: 1.84
Return on Equity: 36.64%
Return on Assets: 11.00%
Gross Margin: 35.39%
Operating Margin: 19.25%
Profit Margin: 13.28%
Current Ratio: 1.07
Debt/Equity: 0.53
Total Debt: $4.62B
Free Cash Flow: $3.12B
Revenue Growth: 10.60%
Earnings Growth: 7.10%
Enterprise Value: $103.54B

TT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$15.99B	$17.68B	$19.84B	$21.32B
Cost of Revenue	$11.03B	$11.82B	$12.76B	$13.61B
Gross Profit	$4.96B	$5.86B	$7.08B	$7.71B
Selling, General & Admin	$2.55B	$2.96B	$3.58B	$3.74B
Operating Expenses	$2.55B	$2.96B	$3.58B	$3.74B
Operating Income	$2.42B	$2.89B	$3.50B	$3.97B
EBITDA	$2.72B	$3.15B	$3.86B	$4.28B
Pretax Income	$2.17B	$2.57B	$3.24B	$3.68B
Income Tax	$375.90M	$498.40M	$627.60M	$705.90M
Net Income	$1.76B	$2.02B	$2.57B	$2.92B
Diluted EPS	7.48	8.77	11.24	12.98
Diluted Shares	234.90M	230.70M	228.40M	224.90M

TT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.22B	$1.10B	$1.59B	$1.76B
Receivables	$2.78B	$2.96B	$3.09B	$3.24B
Inventory	$1.99B	$2.15B	$1.97B	$2.10B
Current Assets	$6.38B	$6.87B	$7.34B	$7.86B
Total Assets	$18.08B	$19.39B	$20.15B	$21.42B
Current Liabilities	$5.69B	$6.05B	$6.07B	$6.29B
Long-Term Debt	$3.79B	$3.98B	$4.32B	$3.92B
Total Debt	$4.84B	$4.78B	$4.77B	$4.62B
Total Liabilities	$11.98B	$12.37B	$12.66B	$12.82B
Retained Earnings	$8.32B	$9.13B	$9.79B	$10.42B
Shareholders' Equity	$6.09B	$7.00B	$7.46B	$8.58B
Working Capital	$692.40M	$816.40M	$1.27B	$1.58B
Net Debt	$3.62B	$3.68B	$3.18B	$2.85B

TT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.50B	$2.39B	$3.15B	$3.19B
Capital Expenditure	-$291.80M	-$300.70M	-$370.60M	-$383.00M
Free Cash Flow	$1.21B	$2.09B	$2.77B	$2.81B
Depreciation & Amortisation	$323.60M	$348.10M	$379.40M	$376.30M
Stock-Based Compensation	$56.30M	$64.30M	$82.90M	$86.60M
Investing Cash Flow	-$540.40M	-$1.17B	-$562.90M	-$640.00M
Financing Cash Flow	-$1.85B	-$1.35B	-$2.02B	-$2.50B
Dividends Paid	-$620.20M	-$683.70M	-$757.50M	-$837.30M
Share Repurchases	-$1.20B	-$669.30M	-$1.28B	-$1.48B
Net Change in Cash	-$888.60M	-$132.90M	$562.10M	$58.70M

TT Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$5.75B	$5.74B	$5.14B	$4.97B	—
Cost of Revenue	$3.59B	$3.62B	$3.39B	$3.24B	—
Gross Profit	$2.16B	$2.12B	$1.75B	$1.73B	—
Selling, General & Admin	$996.40M	$952.90M	$934.90M	$952.00M	—
Operating Expenses	$996.40M	$952.90M	$934.90M	$952.00M	—
Operating Income	$1.16B	$1.17B	$819.00M	$776.10M	—
EBITDA	$1.25B	$1.24B	$887.70M	$892.50M	—
Pretax Income	$1.09B	$1.09B	$741.30M	$735.80M	—
Income Tax	$216.70M	$231.50M	$122.80M	$136.30M	—
Net Income	$874.80M	$847.60M	$591.30M	$584.40M	—
Diluted EPS	3.89	3.78	2.64	2.62	4.16
Diluted Shares	225.10M	224.40M	223.60M	223.10M	222.50M

TT Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$860.50M	$774.20M	$1.13B	$1.76B	$1.07B
Receivables	$3.16B	$3.61B	$3.60B	$3.24B	$3.77B
Inventory	$2.22B	$2.36B	$2.36B	$2.10B	$2.40B
Current Assets	$6.93B	$7.51B	$7.86B	$7.86B	$8.00B
Total Assets	$20.12B	$20.99B	$21.37B	$21.42B	$22.75B
Current Liabilities	$6.37B	$6.80B	$6.52B	$6.29B	$7.31B
Long-Term Debt	$3.92B	$3.92B	$3.92B	$3.92B	$3.92B
Total Debt	$4.77B	$4.62B	$4.62B	$4.62B	$4.62B
Total Liabilities	$12.60B	$13.14B	$13.03B	$12.82B	$14.14B
Retained Earnings	$9.70B	$9.81B	$10.31B	$10.42B	$10.49B
Shareholders' Equity	$7.49B	$7.83B	$8.33B	$8.58B	$8.59B
Working Capital	$567.10M	$706.90M	$1.34B	$1.58B	$695.30M
Net Debt	$3.91B	$3.84B	$3.49B	$2.85B	$3.54B

TT Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$339.50M	$692.10M	$1.00B	$1.16B	$626.20M
Capital Expenditure	-$118.90M	-$89.90M	-$68.40M	-$105.80M	-$79.70M
Free Cash Flow	$220.60M	$602.20M	$935.60M	$1.05B	$546.50M
Depreciation & Amortisation	$99.10M	$98.10M	$88.30M	$90.80M	$101.10M
Stock-Based Compensation	$22.20M	$25.20M	$19.90M	$19.30M	$26.80M
Investing Cash Flow	-$385.10M	-$100.90M	-$68.60M	-$85.40M	-$755.70M
Financing Cash Flow	-$723.10M	-$757.80M	-$576.20M	-$438.70M	-$546.00M
Dividends Paid	-$209.90M	-$210.10M	-$209.10M	-$208.20M	-$231.50M
Share Repurchases	-$477.50M	-$402.10M	-$370.40M	-$231.30M	-$287.30M
Net Change in Cash	-$768.70M	-$166.60M	$359.20M	$634.80M	-$675.50M

Market Snapshot

About

Trane Technologies is a global climate innovator specializing in heating, ventilation, and air conditioning systems. The company operates through brands including Trane and Thermo King, providing climate control solutions for buildings, homes, and transportation. Trane Technologies serves customers worldwide with energy-efficient HVAC and refrigeration products.