Trane Technologies plc (TT) Financial Statements
Industry: Auto Controls For Regulating Residential & Comml Environments
In fiscal 2025, Trane Technologies reported revenue of $21.32B, up 7.5% from $19.84B the year before. Net income was $2.92B (a 13.7% net margin), or $12.98 per diluted share. Gross margin was 55.8% and operating margin was 18.6%. Operating activities generated $3.19B of cash, leaving $2.81B of free cash flow. At fiscal year end, Trane Technologies held $21.42B in total assets against $12.82B in total liabilities, including $1.76B of cash and equivalents.
Open the full interactive Trane Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Trane Technologies Key Stats
| Share Price | $478.01 |
|---|---|
| Market Cap | $106.36B |
| P/E Ratio | 36.8 |
| Revenue YoY Growth | +7.5% |
| 52-Week Range | $373.79 – $502.27 |
| Shares Outstanding | 221.0 million (basic, 2026 Q2) |
Trane Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.45B | $14.14B | $15.99B | $17.68B | $19.84B | $21.32B |
| Cost of Goods Sold | $8.65B | $6.84B | $7.94B | $8.41B | $8.93B | $9.43B |
| Gross Profit | $3.80B | $7.29B | $8.06B | $9.26B | $10.91B | $11.90B |
| Operating Income | $1.53B | $2.02B | $2.42B | $2.89B | $3.50B | $3.97B |
| Pre-Tax Income | $1.29B | $1.79B | $2.17B | $2.57B | $3.24B | $3.68B |
| Income Tax | $296.8M | $333.5M | $375.9M | $498.4M | $627.6M | $705.9M |
| Net Income | $854.9M | $1.42B | $1.76B | $2.02B | $2.57B | $2.92B |
| Diluted EPS | $3.52 | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 |
Trane Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.74B | $5.14B | $4.97B | $6.35B |
| Net Income | $847.6M | $591.3M | $584.4M | $925.7M |
| Diluted EPS | $3.78 | $2.63 | $2.62 | $4.16 |
Trane Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.29B | $2.16B | $1.22B | $1.10B | $1.59B | $1.76B |
| Current Assets | $6.91B | $6.47B | $6.38B | $6.87B | $7.34B | $7.86B |
| Total Assets | $18.16B | $18.06B | $18.08B | $19.39B | $20.15B | $21.42B |
| Current Liabilities | $4.34B | $4.75B | $5.69B | $6.05B | $6.07B | $6.29B |
| Total Long-Term Debt | $5.27B | $4.84B | $4.84B | $4.78B | $4.77B | $4.62B |
| Total Liabilities | $11.73B | $11.79B | $11.98B | $12.37B | $12.66B | $12.82B |
| Shareholders' Equity | $6.41B | $6.26B | $6.09B | $7.00B | $7.46B | $8.58B |
Trane Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.44B | $1.59B | $1.50B | $2.39B | $3.15B | $3.19B |
| Cash From Investing | -$376.2M | -$545.7M | -$540.4M | -$1.17B | -$562.9M | -$640.0M |
| Cash From Financing | $884.3M | -$2.13B | -$1.85B | -$1.35B | -$2.02B | -$2.50B |
| Free Cash Flow | $1.29B | $1.37B | $1.21B | $2.09B | $2.77B | $2.81B |
Figures from Trane Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Trane Technologies financials page for every line item.
Trane Technologies Company Profile
| Ticker | TT |
|---|---|
| Exchange | NYSE |
| Industry | Auto Controls For Regulating Residential & Comml Environments |
| Headquarters | Co. Dublin, Ireland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001466258 |
Frequently Asked Questions
What was Trane Technologies' revenue in fiscal 2025?
Trane Technologies (TT) reported revenue of $21.32B for fiscal 2025.
What is Trane Technologies' annual revenue history?
Trane Technologies' annual revenue by fiscal year: 2020: $12.45B; 2021: $14.14B; 2022: $15.99B; 2023: $17.68B; 2024: $19.84B; 2025: $21.32B.
What was Trane Technologies' net income in fiscal 2025?
Trane Technologies reported net income of $2.92B for fiscal 2025.
What was Trane Technologies' earnings per share (EPS) in fiscal 2025?
Trane Technologies' diluted EPS was $12.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Trane Technologies generate in fiscal 2025?
Trane Technologies generated $2.81B of free cash flow in fiscal 2025.
What was Trane Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Trane Technologies reported revenue of $6.35B.
How much debt does Trane Technologies have?
Trane Technologies reported $4.62B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Trane Technologies are outstanding?
Trane Technologies reported a weighted average of 221.0 million basic shares outstanding in 2026 Q2.
What is Trane Technologies' market cap?
Based on its latest closing price, Trane Technologies (TT) has a market capitalization of about $106.36B.
When does Trane Technologies' fiscal year end?
Trane Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Trane Technologies headquartered?
Trane Technologies lists its business address in Co. Dublin, Ireland in its SEC filings.