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TT

Trane Technologies plc

TT

Trane Technologies plc • NYSE
$421.48 ▲ 0.44% (+1.84)
Market Cap $93.46 B
52w High $476.19
52w Low $298.15
Dividend Yield 3.66%
P/E 32.25
Volume 401.24K
Outstanding Shares 221.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.742B ▼ $952.9M ▼ $847.6M ▼ 14.76% ▼ $3.85 ▼ $1.236B ▼
Q2-2025 $5.746B ▲ $996.4M ▲ $874.8M ▲ 15.223% ▲ $3.92 ▲ $1.249B ▲
Q1-2025 $4.689B ▼ $858.6M ▼ $604.9M ▲ 12.902% ▲ $2.71 ▲ $910.1M ▲
Q4-2024 $4.874B ▼ $903.2M ▼ $604.3M ▼ 12.398% ▼ $2.69 ▼ $907.2M ▼
Q3-2024 $5.441B $949.8M $772M 14.188% $3.42 $1.126B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.126B ▲ $21.374B ▲ $13.027B ▼ $8.346B ▲
Q2-2025 $774.2M ▼ $20.991B ▲ $13.135B ▲ $7.834B ▲
Q1-2025 $860.5M ▼ $20.117B ▼ $12.6B ▼ $7.491B ▲
Q4-2024 $1.59B ▼ $20.147B ▼ $12.66B ▼ $7.457B ▼
Q3-2024 $1.928B $20.904B $13.289B $7.591B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $857.9M ▼ $1.022B ▲ $-68.6M ▲ $-576.2M ▲ $351.6M ▲ $954.1M ▲
Q2-2025 $876M ▲ $692.1M ▲ $-100.9M ▲ $-757.8M ▼ $-86.3M ▲ $602.2M ▲
Q1-2025 $604.9M ▼ $339.5M ▼ $-385.1M ▼ $-723.1M ▲ $-729.6M ▼ $220.6M ▼
Q4-2024 $615.3M ▼ $899.9M ▼ $323.7M ▲ $-1.03B ▼ $120.1M ▼ $774.3M ▼
Q3-2024 $786.9M $1.303B $-260M $-485.9M $595.4M $1.214B

Revenue by Products

Product Q1-2019Q2-2019Q3-2019Q4-2019
Climate
Climate
 $2.80Bn ▲$3.62Bn ▲$3.47Bn ▼$3.18Bn ▼
Industrial
Industrial
 $770.00M ▲$910.00M ▲$870.00M ▼$970.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Trane’s income statement shows a clear pattern of steady, healthy growth. Sales have climbed each year, and profits have grown even faster than sales, which suggests better pricing power, good cost control, or a shift toward higher‑margin offerings. Both operating profit and net profit have expanded consistently, indicating a business that is scaling efficiently rather than just growing for growth’s sake. Earnings per share have risen strongly over this period, showing that shareholders are benefiting from both higher profits and disciplined share management.

Balance Sheet

Balance Sheet The balance sheet looks solid and fairly conservative. Total assets have inched up over time, not in a dramatic way, which suggests controlled, deliberate expansion rather than aggressive balance‑sheet risk. Debt levels are meaningful but not extreme, and shareholders’ equity has been building, which points to value being retained in the business. Cash on hand has moved around year to year but has recently improved, giving the company a comfortable buffer for operations, investment, and potential shocks. Overall, the company appears financially stable with a balanced mix of debt and equity.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has increased notably over the last several years, broadly tracking and even outpacing profit growth, which signals high‑quality earnings backed by real cash. Free cash flow has grown steadily as well, even after funding ongoing capital investments. Spending on equipment and growth projects is present but relatively modest compared with the cash the business produces, leaving room for debt service, shareholder returns, and strategic investments. The pattern suggests a business that both grows and throws off reliable cash.

Competitive Edge

Competitive Edge Trane holds a strong competitive position in climate control and HVAC, especially on the commercial and industrial side and in cold‑chain transport through Thermo King. Its brands are well‑known and trusted, which is important in long‑life, mission‑critical equipment where reliability matters more than headline price. A large installed base and a wide service network create sticky customer relationships and recurring revenue from maintenance, upgrades, and parts. The company’s emphasis on energy efficiency, decarbonization, and sustainability also aligns well with tightening regulations and customer demand, reinforcing its edge against less advanced competitors.

Innovation and R&D

Innovation and R&D Innovation is central to Trane’s strategy, with a strong focus on sustainability and digital technologies. The company is pushing advanced heat pumps, thermal energy storage, and low‑impact refrigerants to help customers cut emissions and energy use. It is also embedding software, AI, and connected controls into its systems, turning equipment into data‑driven, optimized solutions rather than simple hardware. Ongoing investment in R&D, patents, and new digital service models (like remote monitoring and performance optimization) suggests Trane is aiming to stay ahead of both regulatory changes and customer expectations.

Summary

Overall, Trane Technologies looks like a mature industrial company that has managed to pair steady, profitable growth with a forward‑looking innovation agenda. Profitability and cash flow trends are strong and improving, supported by a solid, not overstretched, balance sheet. Competitively, the firm benefits from powerful brands, a large installed base, and deep service relationships, all anchored in markets where reliability, efficiency, and decarbonization are becoming more critical each year. The key watchpoints are how well the company continues to execute on its sustainability and digital strategies, and how it navigates economic cycles in construction and capital spending, but the recent track record shows disciplined growth and resilient financial performance.

NEWS

November 18, 2025 · 6:30 AM UTC

Gary Guo Joins Trane Technologies as Chief Integrated Supply Chain Officer

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November 7, 2025 · 6:30 AM UTC

Trane Technologies to Present at the Baird Global Industrials Conference

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November 6, 2025 · 10:30 AM UTC

Total Metals Corp. (TT) ouvre les marchés

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November 6, 2025 · 10:28 AM UTC

Total Metals Corp. (TT) Opens the Market

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October 30, 2025 · 6:30 AM UTC

Trane Technologies Reports Strong Third Quarter Results

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