What is Trane Technologies plc's earnings per share (EPS)?

Trane Technologies plc (TT) reported diluted earnings per share of $12.98 for fiscal year 2025. This represents a 15.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Trane Technologies plc (TT) Financials

Trailing 12 months to June 30, 2026

Revenue $22.2B +7.0% YoY

Net Income $2.9B +3.3% YoY

EPS (Diluted) $13.21 +4.8% YoY

Free Cash Flow $3.5B +26.1% YoY

Market Cap $103.6B as of Oct 6, 2026

Price / Sales 4.7x on $22.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 35.1x on $2.9B net income, trailing 12 months to June 30, 2026

Price / Book 12.0x on $8.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TT SEC filings page.

Trane Technologies plc (TT) reported $22.2B in revenue over the twelve months to Jun 30, 2026, up 7.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TT FY2025 2026-10-03

Trane has converted steady sales expansion into wider operating margins and stronger cash generation while gradually reducing balance-sheet leverage.

Operating margin rose from 14.3% in FY2021 to 18.6% in FY2025 as revenue expanded across the same span. That combination indicates the business converted scale or mix into better operating economics, not merely a larger top line.

Cash conversion was favorable in FY2024: operating cash flow reached $3.1B versus net income of $2.6B, confirming that reported profit was converting into cash. By FY2025, net income rose to $2.9B while free cash flow stayed near its prior-year level, so the latest profit increase did not translate proportionally into cash generation.

Debt-to-equity fell from 0.7x in FY2021 to 0.5x in FY2025, indicating lower leverage relative to shareholder capital. The current ratio recovered to 1.3x from 1.1x in FY2022, but the company still operates with only a modest short-term liquidity cushion.

Financial Health Signals

Financial Health Score 68/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Trane Technologies plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Trane Technologies plc has an operating margin of 18.6%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from 17.6% the prior year.

Growth

Trane Technologies plc's revenue grew 7.5% year-over-year to $21.3B, a solid pace of expansion. This earns a growth score of 65/100.

Leverage

Trane Technologies plc has a moderate D/E ratio of 0.46. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity

Trane Technologies plc's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Trane Technologies plc converts 13.2% of revenue into free cash flow ($2.8B). This strong cash generation earns a score of 74/100.

Returns

Trane Technologies plc earns a strong 34.0% return on equity (ROE), meaning it generates $34 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is down from 34.4% the prior year.

Altman Z-Score Safe

7.22

Trane Technologies plc scores 7.22, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($103.6B) relative to total liabilities ($12.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

8/8

Trane Technologies plc passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.09x

For every $1 of reported earnings, Trane Technologies plc generates $1.09 in operating cash flow ($3.2B OCF vs $2.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

17.50x

Trane Technologies plc earns $17.50 in operating income for every $1 of interest expense ($4.0B vs $226.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.4B

YoY+10.6%

QoQ+27.9%

5Y CAGR+10.7%

10Y CAGR+5.6%

Trane Technologies plc generated $6.4B in revenue in Q2 2026. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is up 27.9%.

EBITDA

$1.3B

YoY+5.7%

QoQ+52.1%

5Y CAGR+13.0%

10Y CAGR+8.3%

Trane Technologies plc's EBITDA was $1.3B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.7% from the same quarter a year earlier. Against the prior quarter it is up 52.1%.

Net Income

$925.7M

YoY+5.8%

QoQ+58.4%

5Y CAGR+14.8%

10Y CAGR+2.2%

Trane Technologies plc reported $925.7M in net income in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 58.4%.

EPS (Diluted)

$4.16

YoY+6.9%

QoQ+58.8%

5Y CAGR+16.8%

10Y CAGR+3.8%

Trane Technologies plc earned $4.16 per diluted share (EPS) in Q2 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is up 58.8%.

Cash & Balance Sheet

Free Cash Flow

$1.0B

YoY+67.9%

QoQ+85.1%

5Y CAGR+17.2%

10Y CAGR+9.9%

Trane Technologies plc generated $1.0B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 67.9% from the same quarter a year earlier. Against the prior quarter it is up 85.1%.

Cash & Debt

Debt $3.9B

YoY+0.1%

QoQ0.0%

5Y CAGR-2.7%

10Y CAGR+0.5%

Trane Technologies plc carried $3.9B in long-term debt as of Q2 2026; cash and equivalents are not reported for that period.

Dividends Per Share

$2.10

YoY+11.7%

QoQ+100.0%

5Y CAGR+12.2%

Trane Technologies plc paid $2.10 per share in dividends in Q2 2026. This represents an increase of 11.7% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

Shares Outstanding

220M

YoY-1.1%

QoQ-0.5%

5Y CAGR-1.5%

10Y CAGR-1.6%

Trane Technologies plc had 220M shares outstanding in Q2 2026. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

Margins & Returns

Gross Margin

35.6%

YoY-2.0pp

QoQ+0.8pp

Trane Technologies plc's gross margin was 35.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Operating Margin

19.3%

YoY-1.0pp

QoQ+3.7pp

5Y change+2.3pp

10Y change+5.4pp

Trane Technologies plc's operating margin was 19.3% in Q2 2026, reflecting core business profitability. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.7 percentage points.

Net Margin

14.6%

YoY-0.7pp

QoQ+2.8pp

5Y change+2.4pp

10Y change-5.7pp

Trane Technologies plc's net profit margin was 14.6% in Q2 2026, showing the share of revenue converted to profit. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.

Return on Equity

10.7%

YoY-0.4pp

QoQ+3.9pp

5Y change+3.5pp

10Y change-0.9pp

Trane Technologies plc's ROE was 10.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.

Capital Allocation

Share Buybacks

$469.1M

YoY+16.7%

QoQ+63.3%

5Y CAGR+13.4%

Trane Technologies plc spent $469.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is up 63.3%.

Capital Expenditures

$76.4M

YoY-15.0%

QoQ-4.1%

5Y CAGR+17.9%

10Y CAGR+5.9%

Trane Technologies plc invested $76.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 15.0% from the same quarter a year earlier. Against the prior quarter it is down 4.1%.

R&D Spending

Not reported for Q2 2026.

TT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$22.2B	$21.3B+7.5%	$19.8B+12.2%	$17.7B+10.5%	$16.0B+13.1%	$14.1B+13.5%	$12.5B-4.8%	$13.1B+5.9%	$12.3B-13.1%	$14.2B+5.1%	$13.5B+1.6%	$13.3B+3.2%	$12.9B+4.4%	$12.4B+3.0%	$12.0B-18.9%	$14.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$8.7B-4.8%	$9.1B+5.9%	$8.6B-12.5%	$9.8B+5.4%	$9.3B+0.3%	$9.3B+3.3%	$9.0B+3.0%	$8.7B+2.2%	$8.5B-18.7%	$10.5B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	$3.8B-4.7%	$4.0B+6.1%	$3.8B-14.2%	$4.4B+4.4%	$4.2B+4.4%	$4.0B+2.9%	$3.9B+7.7%	$3.6B+5.0%	$3.5B-19.4%	$4.3B
R&D Expenses	N/A	$347.6M+12.3%	$309.6M+22.7%	$252.3M+19.5%	$211.2M+9.1%	$193.5M+17.3%	$165.0M-5.3%	$174.2M+4.5%	$166.7M-20.9%	$210.8M+1.4%	$207.9M+1.0%	$205.9M-3.0%	$212.3M-2.7%	$218.2M-7.3%	$235.4M-8.5%	$257.3M
SG&A Expenses	$3.9B	$3.7B+4.5%	$3.6B+20.8%	$3.0B+16.4%	$2.5B+4.1%	$2.4B+7.7%	$2.3B-2.1%	$2.3B+3.2%	$2.2B-17.3%	$2.7B+4.7%	$2.6B+2.6%	$2.5B+1.1%	$2.5B-0.8%	$2.5B+5.9%	$2.4B-14.3%	$2.8B
Operating Income	$4.0B	$4.0B+13.4%	$3.5B+20.9%	$2.9B+19.6%	$2.4B+19.6%	$2.0B+32.0%	$1.5B-8.2%	$1.7B+10.4%	$1.5B-9.2%	$1.7B+3.9%	$1.6B+7.5%	$1.5B+6.2%	$1.4B+27.1%	$1.1B+3.1%	$1.1B+24.6%	$860.3M
EBITDA	N/A	$4.3B+12.0%	$3.9B+19.7%	$3.2B+18.2%	$2.7B+18.1%	$2.3B+27.1%	$1.8B-11.6%	$2.1B+10.3%	$1.9B-7.2%	$2.0B+3.2%	$2.0B+5.4%	$1.9B+6.8%	$1.7B+20.7%	$1.4B+2.3%	$1.4B+11.3%	$1.3B
Interest Expense	$219.9M	$226.7M-4.9%	$238.4M+1.7%	$234.5M+4.9%	$223.5M-4.4%	$233.7M-6.0%	$248.7M+2.4%	$242.8M+9.9%	$221.0M+2.4%	$215.8M-2.6%	$221.5M-0.7%	$223.0M-1.0%	$225.3M-19.2%	$278.8M+10.6%	$252.0M-10.0%	$280.0M
Income Tax	$708.8M	$705.9M+12.5%	$627.6M+25.9%	$498.4M+32.6%	$375.9M+12.7%	$333.5M+12.4%	$296.8M+24.4%	$238.6M+1.6%	$234.9M+192.9%	$80.2M-71.5%	$281.5M-47.9%	$540.8M+84.1%	$293.7M+55.4%	$189.0M+237.5%	$56.0M-70.1%	$187.2M
Net Income	$2.9B	$2.9B+13.7%	$2.6B+26.9%	$2.0B+15.2%	$1.8B+23.4%	$1.4B+66.5%	$854.9M-39.4%	$1.4B+5.5%	$1.3B+2.7%	$1.3B-11.8%	$1.5B+122.1%	$664.6M-28.7%	$931.7M+50.6%	$618.8M-39.2%	$1.0B+196.8%	$343.2M
EPS (Basic)	N/A	$13.09+15.3%	$11.35+28.2%	$8.85+17.2%	$7.55+26.7%	$5.96+67.4%	$3.56-39.0%	$5.84+7.9%	$5.41+5.9%	$5.11-10.4%	$5.70+127.1%	$2.51-27.0%	$3.44+63.0%	$2.11-37.0%	$3.35+216.0%	$1.06
EPS (Diluted)	$13.21	$12.98+15.5%	$11.24+28.2%	$8.77+17.2%	$7.48+27.4%	$5.87+66.8%	$3.52-39.0%	$5.77+7.9%	$5.35+5.9%	$5.05-10.6%	$5.65+127.8%	$2.48-27.1%	$3.40+64.3%	$2.07-36.9%	$3.28+224.8%	$1.01
Diluted Shares (Avg)	N/A	225M-1.5%	228M-1.0%	231M-1.8%	235M-3.1%	242M-0.3%	243M-0.5%	244M-2.3%	250M-3.1%	258M-1.4%	262M-2.3%	268M-2.4%	274M-8.0%	298M-4.0%	311M-8.5%	339M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$6.4B+10.6%	$5.0B+6.0%	$5.1B+5.5%	$5.7B+5.5%	$5.7B+8.3%	$4.7B+11.2%	$4.9B+10.2%	$5.4B+11.4%
Cost of Revenue	$4.1B+14.2%	$3.2B+7.6%	N/A	$3.6B+4.5%	$3.6B+6.3%	$3.0B+9.3%	N/A	$3.5B+7.5%
Gross Profit	$2.3B+4.6%	$1.7B+3.0%	N/A	$2.1B+7.3%	$2.2B+11.6%	$1.7B+14.9%	N/A	$2.0B+19.1%
SG&A Expenses	$1.0B+3.9%	$952.0M+10.9%	$934.9M+3.5%	$952.9M+0.3%	$996.4M+10.6%	$858.6M+3.9%	$903.2M+15.3%	$949.8M+19.6%
Operating Income	$1.2B+5.2%	$776.1M-5.2%	$819.0M+1.4%	$1.2B+13.7%	$1.2B+12.6%	$818.9M+29.2%	$807.5M+17.4%	$1.0B+18.6%
EBITDA	$1.3B+5.7%	$877.2M-4.4%	$909.8M+0.6%	$1.3B+12.0%	$1.3B+11.7%	$918.0M+26.6%	$904.2M+16.6%	$1.1B+17.1%
Interest Expense	$53.1M-7.5%	$55.6M-4.3%	$55.6M-7.0%	$55.6M-11.7%	$57.4M-0.2%	$58.1M0.0%	$59.8M+4.2%	$63.0M+8.8%
Income Tax	$218.2M+0.7%	$136.3M+1.0%	$122.8M-9.2%	$231.5M+27.8%	$216.7M+5.3%	$134.9M+27.9%	$135.2M+37.8%	$181.1M+15.0%
Net Income	$925.7M+5.8%	$584.4M-3.4%	$591.3M-2.2%	$847.6M+9.8%	$874.8M+15.8%	$604.9M+38.6%	$604.3M+19.8%	$772.0M+23.3%
EPS (Basic)	$4.19+6.9%	$2.64-2.2%	$2.67-0.4%	$3.81+11.4%	$3.92+17.7%	$2.70+40.6%	$2.68+21.3%	$3.42+24.8%
EPS (Diluted)	$4.16+6.9%	$2.62-1.9%	$2.650.0%	$3.78+11.5%	$3.89+17.9%	$2.67+40.5%	$2.65+21.0%	$3.39+24.6%
Diluted Shares (Avg)	223M-1.2%	223M-1.5%	N/A	224M-1.6%	225M-1.6%	226M-1.4%	N/A	228M-1.1%

Not reported in any period shown, so not listed: R&D Expenses.

TT Balance Sheet

TT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$21.4B+6.3%	$20.1B+3.9%	$19.4B+7.2%	$18.1B+0.1%	$18.1B-0.5%	$18.2B-11.4%	$20.5B+14.4%	$17.9B-1.4%	$18.2B+4.5%	$17.4B+4.1%	$16.7B-3.4%	$17.3B-2.0%	$17.7B-4.5%	$18.5B-1.9%	$18.8B
Current Assets	$7.9B+7.2%	$7.3B+6.8%	$6.9B+7.7%	$6.4B-1.4%	$6.5B-6.3%	$6.9B-25.7%	$9.3B+62.1%	$5.7B-6.3%	$6.1B+9.7%	$5.6B+21.0%	$4.6B-19.2%	$5.7B-0.2%	$5.7B-4.6%	$6.0B+13.5%	$5.3B
Cash & Equivalents	$1.8B+10.9%	$1.6B+45.2%	$1.1B-10.3%	$1.2B-43.5%	$2.2B-34.4%	$3.3B+157.3%	$1.3B+45.6%	$878.4M-42.4%	$1.5B-11.1%	$1.7B+132.7%	$736.8M-56.8%	$1.7B-12.0%	$1.9B+173.5%	$708.4M-28.2%	$987.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.1B+6.7%	$2.0B-8.4%	$2.2B+7.9%	$2.0B+30.2%	$1.5B+28.7%	$1.2B-7.0%	$1.3B-23.8%	$1.7B+7.9%	$1.6B+12.2%	$1.4B-1.8%	$1.4B+3.8%	$1.4B+16.5%	$1.2B+1.9%	$1.1B-10.5%	$1.3B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$6.5B+5.4%	$6.1B+0.5%	$6.1B+10.7%	$5.5B0.0%	$5.5B+3.0%	$5.3B+4.2%	$5.1B+0.5%	$5.1B-14.1%	$5.9B+4.9%	$5.7B-1.3%	$5.7B+6.3%	$5.4B-2.7%	$5.5B+0.9%	$5.5B-10.0%	$6.1B
Total Liabilities	$12.8B+1.3%	$12.7B+2.3%	$12.4B+3.3%	$12.0B+1.6%	$11.8B+0.5%	$11.7B-11.0%	$13.2B+21.5%	$10.9B-1.1%	$11.0B+2.7%	$10.7B-1.5%	$10.8B-3.7%	$11.3B+6.9%	$10.5B-6.5%	$11.3B-4.9%	$11.8B
Current Liabilities	$6.3B+3.6%	$6.1B+0.3%	$6.1B+6.4%	$5.7B+19.7%	$4.8B+9.5%	$4.3B-17.2%	$5.2B+21.4%	$4.3B-10.6%	$4.8B+34.5%	$3.6B-1.6%	$3.6B-0.5%	$3.7B+7.6%	$3.4B-21.2%	$4.3B+4.9%	$4.1B
Non-Current Liabilities	$6.5B-0.9%	$6.6B+4.3%	$6.3B+0.5%	$6.3B-10.6%	$7.0B-4.8%	$7.4B-6.9%	$7.9B+21.5%	$6.5B+6.5%	$6.1B-13.4%	$7.1B-1.4%	$7.2B-5.2%	$7.6B+6.6%	$7.1B+2.8%	$6.9B-10.1%	$7.7B
Long-Term Debt	$3.9B-9.2%	$4.3B+8.6%	$4.0B+5.0%	$3.8B-15.7%	$4.5B-0.1%	$4.5B-8.7%	$4.9B+31.6%	$3.7B+26.5%	$3.0B-20.3%	$3.7B-0.1%	$3.7B-0.8%	$3.7B+18.7%	$3.2B+39.1%	$2.3B-21.3%	$2.9B
Total Equity	$8.6B+15.0%	$7.5B+6.6%	$7.0B+14.9%	$6.1B-2.7%	$6.3B-2.4%	$6.4B-11.8%	$7.3B+3.5%	$7.0B-1.6%	$7.1B+7.5%	$6.6B+14.2%	$5.8B-2.9%	$6.0B-15.3%	$7.1B-1.1%	$7.1B+3.2%	$6.9B
Retained Earnings	$10.4B+6.4%	$9.8B+7.2%	$9.1B+9.8%	$8.3B-0.4%	$8.4B-1.7%	$8.5B-12.7%	$9.7B+3.1%	$9.4B+6.0%	$8.9B+11.0%	$8.0B+16.2%	$6.9B+5.5%	$6.5B-3.7%	$6.8B+6.9%	$6.4B+14.6%	$5.5B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$23.9B+14.0%	$22.8B+13.1%	$21.4B+6.3%	$21.4B+2.2%	$21.0B+3.9%	$20.1B+4.0%	$20.1B+3.9%	$20.9B+10.6%
Current Assets	$9.0B+20.0%	$8.0B+15.4%	$7.9B+7.2%	$7.9B-3.0%	$7.5B-2.7%	$6.9B+0.7%	$7.3B+6.8%	$8.1B+20.4%
Cash & Equivalents	N/A	N/A	$1.8B+10.9%	N/A	N/A	N/A	$1.6B+45.2%	N/A
Short-Term Investments	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A
Inventory	$2.6B+10.8%	$2.4B+8.0%	$2.1B+6.7%	$2.4B+15.8%	$2.4B+7.1%	$2.2B-6.8%	$2.0B-8.4%	$2.0B-7.2%
Long-Term Investments	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A
Goodwill	$7.0B+9.1%	$7.0B+9.4%	$6.5B+5.4%	$6.4B+3.7%	$6.4B+6.4%	$6.4B+4.9%	$6.1B+0.5%	$6.2B+8.7%
Total Liabilities	$15.3B+16.3%	$14.1B+12.2%	$12.8B+1.3%	$13.0B-2.0%	$13.1B-0.7%	$12.6B+1.4%	$12.7B+2.3%	$13.3B+8.9%
Current Liabilities	$8.4B+23.4%	$7.3B+14.7%	$6.3B+3.6%	$6.5B-1.6%	$6.8B+3.1%	$6.4B+4.3%	$6.1B+0.3%	$6.6B+27.1%
Non-Current Liabilities	$6.9B+8.7%	$6.8B+9.7%	$6.5B-0.9%	$6.5B-2.3%	$6.3B-4.6%	$6.2B-1.5%	$6.6B+4.3%	$6.7B-4.7%
Long-Term Debt	$3.9B+0.1%	$3.9B+0.1%	$3.9B-9.2%	$3.9B-9.2%	$3.9B-9.2%	$3.9B-1.5%	$4.3B+8.6%	$4.3B-3.6%
Total Equity	$8.6B+10.1%	$8.6B+14.7%	$8.6B+15.0%	$8.3B+9.7%	$7.8B+12.8%	$7.5B+8.7%	$7.5B+6.6%	$7.6B+13.6%
Retained Earnings	$10.5B+7.3%	$10.5B+8.1%	$10.4B+6.4%	$10.3B+6.4%	$9.8B+6.7%	$9.7B+6.6%	$9.8B+7.2%	$9.7B+8.1%

Not reported in any period shown, so not listed: Accounts Receivable.

TT Cash Flow Statement

TT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.9B	$3.2B+1.6%	$3.1B+31.6%	$2.4B+58.9%	$1.5B-5.3%	$1.6B+10.7%	$1.4B-25.2%	$1.9B+36.3%	$1.4B-7.6%	$1.5B+0.1%	$1.5B+71.3%	$888.4M-8.7%	$973.2M-10.8%	$1.1B-8.7%	$1.2B+0.7%	$1.2B
Depreciation & Amortization	N/A	$376.3M-0.8%	$379.4M+9.0%	$348.1M+7.6%	$323.6M+8.1%	$299.4M+1.7%	$294.3M-25.9%	$397.4M+9.9%	$361.5M+2.3%	$353.3M+0.3%	$352.2M-3.3%	$364.1M+9.5%	$332.4M-0.4%	$333.7M0.0%	$333.8M-17.1%	$402.7M
Stock-Based Compensation	N/A	$86.6M+4.5%	$82.9M+28.9%	$64.3M+14.2%	$56.3M-15.3%	$66.5M-4.3%	$69.5M+4.7%	$66.4M-15.7%	$78.8M+11.3%	$70.8M+1.7%	$69.6M+11.0%	$62.7M-7.4%	$67.7M-5.7%	$71.8M+44.2%	$49.8M+16.9%	$42.6M
Capital Expenditures	$330.3M	$383.0M+3.3%	$370.6M+23.2%	$300.7M+3.1%	$291.8M+30.9%	$223.0M+52.5%	$146.2M-28.8%	$205.4M-27.9%	$284.7M+28.6%	$221.3M+21.1%	$182.7M-26.8%	$249.6M+6.9%	$233.5M-3.6%	$242.2M-0.4%	$243.1M+0.1%	$242.9M
Free Cash Flow	$3.5B	$2.8B+1.3%	$2.8B+32.8%	$2.1B+72.3%	$1.2B-11.2%	$1.4B+5.9%	$1.3B-24.8%	$1.7B+52.6%	$1.1B-13.8%	$1.3B-2.8%	$1.3B+109.6%	$638.8M-13.6%	$739.7M-12.9%	$849.3M-10.8%	$952.3M+0.9%	$943.9M
Investing Cash Flow	-$1.1B	-$640.0M-13.7%	-$562.9M+52.0%	-$1.2B-116.9%	-$540.4M+1.0%	-$545.7M-45.1%	-$376.2M+78.9%	-$1.8B-182.8%	-$629.4M-68.0%	-$374.7M-256.1%	$240.1M+120.1%	-$1.2B-505.5%	-$197.0M+8.5%	-$215.4M-47.0%	-$146.5M-170.6%	$207.5M
Financing Cash Flow	-$2.3B	-$2.5B-23.5%	-$2.0B-49.6%	-$1.4B+27.1%	-$1.9B+12.9%	-$2.1B-340.6%	$884.3M+226.9%	$270.5M+119.6%	-$1.4B+3.7%	-$1.4B-97.1%	-$726.9M-37.8%	-$527.6M+38.6%	-$859.5M-348.0%	$346.6M+126.6%	-$1.3B-4.6%	-$1.2B
Dividends Paid	$880.5M	$837.3M+10.5%	$757.5M+10.8%	$683.7M+10.2%	$620.2M+10.5%	$561.1M+10.6%	$507.3M-0.5%	$510.1M+6.4%	$479.5M+11.5%	$430.1M+23.4%	$348.6M+14.9%	$303.3M+14.6%	$264.7M+7.8%	$245.5M+27.6%	$192.4M+40.1%	$137.3M
Share Buybacks	$1.4B	$1.5B+15.7%	$1.3B+91.4%	$669.3M-44.2%	$1.2B+9.1%	$1.1B+340.1%	$250.0M-66.7%	$750.1M-16.7%	$900.2M-11.5%	$1.0B+306.6%	$250.1M0.0%	$250.1M-81.8%	$1.4B+13.3%	$1.2B+44.5%	$839.8M-27.4%	$1.2B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B+57.2%	$626.2M+84.4%	$1.2B+28.8%	$1.0B-22.9%	$692.1M-0.5%	$339.5M+37.3%	$899.9M-3.7%	$1.3B+41.2%
Depreciation & Amortization	$110.0M+12.1%	$101.1M+2.0%	$90.8M-6.1%	$88.3M-7.1%	$98.1M+2.0%	$99.1M+8.3%	$96.7M+10.0%	$95.0M+3.3%
Stock-Based Compensation	$25.5M-1.9%	$26.8M+20.7%	N/A	$20.3M-2.9%	$26.0M+7.9%	$22.2M+12.1%	N/A	$20.9M+46.2%
Capital Expenditures	$76.4M-15.0%	$79.7M-33.0%	$105.8M-15.8%	$68.4M-22.5%	$89.9M+23.3%	$118.9M+41.9%	$125.6M+50.4%	$88.3M+6.1%
Free Cash Flow	$1.0B+67.9%	$546.5M+147.7%	$1.1B+36.0%	$935.6M-23.0%	$602.2M-3.3%	$220.6M+35.0%	$774.3M-9.0%	$1.2B+44.7%
Investing Cash Flow	-$146.6M-45.3%	-$755.7M-96.2%	-$85.4M-126.4%	-$68.6M+73.6%	-$100.9M+81.5%	-$385.1M-371.4%	$323.7M+174.2%	-$260.0M-191.8%
Financing Cash Flow	-$697.2M+8.0%	-$546.0M+24.5%	-$438.7M+57.4%	-$576.2M-18.6%	-$757.8M-544.4%	-$723.1M-87.0%	-$1.0B-158.8%	-$485.9M+5.8%
Dividends Paid	$231.7M+10.3%	$231.5M+10.3%	$208.2M+10.3%	$209.1M+10.4%	$210.1M+10.6%	$209.9M+10.8%	$188.7M+10.5%	$189.4M+10.4%
Share Buybacks	$469.1M+16.7%	$287.3M-39.8%	$231.3M-34.8%	$370.4M+22.8%	$402.1M+24.1%	$477.5M+59.0%	$354.7M+69.3%	$301.7M+88.8%

TT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	30.5%0.0pp	30.5%+0.1pp	30.5%-0.4pp	30.9%-0.2pp	31.1%+0.9pp	30.3%-0.1pp	30.3%+0.9pp	29.4%+0.6pp	28.8%-0.2pp	29.0%
Operating Margin	18.6%+1.0pp	17.6%+1.3pp	16.4%+1.2pp	15.1%+0.8pp	14.3%+2.0pp	12.3%-0.5pp	12.8%+0.5pp	12.3%+0.5pp	11.7%-0.1pp	11.9%+0.7pp	11.2%+0.3pp	10.9%+2.0pp	8.9%0.0pp	8.9%+3.1pp	5.8%
Net Margin	13.7%+0.8pp	12.9%+1.5pp	11.5%+0.5pp	11.0%+0.9pp	10.1%+3.2pp	6.9%-3.9pp	10.8%-0.1pp	10.8%+1.7pp	9.2%-1.8pp	10.9%+5.9pp	5.0%-2.2pp	7.2%+2.2pp	5.0%-3.5pp	8.5%+6.2pp	2.3%
Return on Equity	34.0%-0.4pp	34.4%+5.5pp	28.9%+0.1pp	28.8%+6.1pp	22.8%+9.4pp	13.3%-6.1pp	19.4%+0.4pp	19.1%+0.8pp	18.2%-4.0pp	22.2%+10.8pp	11.4%-4.1pp	15.6%+6.8pp	8.8%-5.5pp	14.2%+9.3pp	5.0%
Return on Assets	13.6%+0.9pp	12.8%+2.3pp	10.4%+0.7pp	9.7%+1.8pp	7.9%+3.2pp	4.7%-2.2pp	6.9%-0.6pp	7.5%+0.3pp	7.2%-1.3pp	8.5%+4.5pp	4.0%-1.4pp	5.4%+1.9pp	3.5%-2.0pp	5.5%+3.7pp	1.8%
Current Ratio	1.250.0x	1.21+0.1x	1.130.0x	1.12-0.2x	1.36-0.2x	1.59-0.2x	1.77+0.4x	1.33+0.1x	1.27-0.3x	1.55+0.3x	1.26-0.3x	1.56-0.1x	1.68+0.3x	1.39+0.1x	1.28
Debt-to-Equity	0.46-0.1x	0.580.0x	0.57-0.1x	0.62-0.1x	0.720.0x	0.700.0x	0.68+0.1x	0.53+0.1x	0.41-0.1x	0.56-0.1x	0.640.0x	0.62+0.2x	0.45+0.1x	0.32-0.1x	0.42
Asset Turnover	1.000.0x	0.98+0.1x	0.910.0x	0.88+0.1x	0.78+0.1x	0.690.0x	0.64-0.1x	0.69-0.1x	0.780.0x	0.780.0x	0.80+0.1x	0.750.0x	0.70+0.1x	0.65-0.1x	0.78
FCF Margin	13.2%-0.8pp	14.0%+2.2pp	11.8%+4.2pp	7.6%-2.1pp	9.7%-0.7pp	10.3%-2.8pp	13.1%+4.0pp	9.1%-0.1pp	9.2%-0.7pp	9.9%+5.1pp	4.8%-0.9pp	5.7%-1.1pp	6.9%-1.1pp	7.9%+1.6pp	6.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	35.6%-2.0pp	34.8%-1.0pp	N/A	36.9%+0.6pp	37.6%+1.1pp	35.8%+1.2pp	N/A	36.3%+2.3pp
Operating Margin	19.3%-1.0pp	15.6%-1.8pp	15.9%-0.6pp	20.3%+1.5pp	20.3%+0.8pp	17.5%+2.4pp	16.6%+1.0pp	18.8%+1.1pp
Net Margin	14.6%-0.7pp	11.8%-1.1pp	11.5%-0.9pp	14.8%+0.6pp	15.2%+1.0pp	12.9%+2.6pp	12.4%+1.0pp	14.2%+1.4pp
Return on Equity	10.7%-0.4pp	6.8%-1.3pp	6.9%-1.2pp	10.2%0.0pp	11.2%+0.3pp	8.1%+1.8pp	8.1%+0.9pp	10.2%+0.8pp
Return on Assets	3.9%-0.3pp	2.6%-0.4pp	2.8%-0.2pp	4.0%+0.3pp	4.2%+0.4pp	3.0%+0.8pp	3.0%+0.4pp	3.7%+0.4pp
Current Ratio	1.070.0x	1.100.0x	1.250.0x	1.200.0x	1.10-0.1x	1.090.0x	1.21+0.1x	1.22-0.1x
Debt-to-Equity	0.460.0x	0.46-0.1x	0.46-0.1x	0.47-0.1x	0.50-0.1x	0.52-0.1x	0.580.0x	0.57-0.1x
Asset Turnover	0.270.0x	0.220.0x	0.240.0x	0.270.0x	0.270.0x	0.230.0x	0.240.0x	0.260.0x
FCF Margin	15.9%+5.4pp	11.0%+6.3pp	20.5%+4.6pp	16.3%-6.0pp	10.5%-1.3pp	4.7%+0.8pp	15.9%-3.3pp	22.3%+5.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Trane Technologies plc TT	FY2025	$21.3B	$2.9B	13.7%	$103.6B	68/100
Johnson Controls International plc JCI	FY2025	$23.6B	$3.3B	14.0%	$95.0B	28/100
Carrier Global Corporation CARR	FY2025	$21.7B	$1.5B	6.8%	$45.9B	49/100
Lennox International Inc. LII	FY2025	$5.2B	$805.8M	15.5%	$12.5B	63/100
Carlisle Companies, Inc. CSL	FY2025	$5.0B	$740.7M	14.8%	$13.1B	70/100
Masco Corporation MAS	FY2025	$7.6B	$810.0M	10.7%	$13.5B	61/100

Where Trane Technologies plc Ranks

Frequently Asked Questions

What is Trane Technologies plc's annual revenue?

Trane Technologies plc (TT) reported $21.3B in total revenue for fiscal year 2025. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trane Technologies plc's revenue growing?

Trane Technologies plc (TT) revenue grew by 7.5% year-over-year, from $19.8B to $21.3B in fiscal year 2025.

Is Trane Technologies plc profitable?

Yes, Trane Technologies plc (TT) reported a net income of $2.9B in fiscal year 2025, with a net profit margin of 13.7%.

What is Trane Technologies plc's EBITDA?

Trane Technologies plc (TT) had EBITDA of $4.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Trane Technologies plc have?

As of fiscal year 2025, Trane Technologies plc (TT) had $1.8B in cash and equivalents against $3.9B in long-term debt.

What is Trane Technologies plc's operating margin?

Trane Technologies plc (TT) had an operating margin of 18.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Trane Technologies plc's net profit margin?

Trane Technologies plc (TT) had a net profit margin of 13.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Trane Technologies plc pay dividends?

Yes, Trane Technologies plc (TT) paid $3.76 per share in dividends during fiscal year 2025.

What is Trane Technologies plc's return on equity (ROE)?

Trane Technologies plc (TT) has a return on equity of 34.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trane Technologies plc's free cash flow?

Trane Technologies plc (TT) generated $2.8B in free cash flow during fiscal year 2025. This represents a 1.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trane Technologies plc's operating cash flow?

Trane Technologies plc (TT) generated $3.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trane Technologies plc's total assets?

Trane Technologies plc (TT) had $21.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trane Technologies plc's capital expenditures?

Trane Technologies plc (TT) invested $383.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Trane Technologies plc spend on research and development?

Trane Technologies plc (TT) invested $347.6M in research and development during fiscal year 2025.

Does Trane Technologies plc buy back shares?

Yes, Trane Technologies plc (TT) spent $1.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Trane Technologies plc have outstanding?

Trane Technologies plc (TT) had 221M shares outstanding as of fiscal year 2025.

What is Trane Technologies plc's current ratio?

Trane Technologies plc (TT) had a current ratio of 1.25 as of fiscal year 2025, which is considered adequate.

What is Trane Technologies plc's debt-to-equity ratio?

Trane Technologies plc (TT) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trane Technologies plc's return on assets (ROA)?

Trane Technologies plc (TT) had a return on assets of 13.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trane Technologies plc's P/E ratio?

Trane Technologies plc (TT) trades at 35.1x earnings, its market capitalization divided by net income of $2.9B net income, trailing 12 months to June 30, 2026. The market capitalization is $103.6B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trane Technologies plc's price-to-sales ratio?

Trane Technologies plc (TT) trades at 4.7x sales, its market capitalization divided by revenue of $22.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $103.6B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trane Technologies plc's Altman Z-Score?

Trane Technologies plc (TT) has an Altman Z-Score of 7.22, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Trane Technologies plc's Piotroski F-Score?

Trane Technologies plc (TT) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trane Technologies plc's earnings high quality?

Trane Technologies plc (TT) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Trane Technologies plc cover its interest payments?

Trane Technologies plc (TT) has an interest coverage ratio of 17.50x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Trane Technologies plc?

Trane Technologies plc (TT) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.