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Trane Technologies plc(TT)Earnings, Financials & Key Ratios
TT•NYSE
$475.74
36.7× P/E·Price updated Jul 7, 2026
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%
TT Price & Volume
Trane Technologies plc (TT) stock price & volume — 10-year historical chart
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Resilient Climate Solutions Face Cyclical Growth Normalization
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Cyclical commercial construction exposure
Key Thesis Takeaways
- Trane Technologies demonstrates robust operational discipline, evidenced by a 20.3% operating margin achieved in 2025Q3, supported by a conservative capital structure with a 0.54 debt-to-equity ratio.
- While the company benefits from its specialized commercial HVAC ecosystem, investors should monitor the deceleration of revenue growth to 6.0% in 2026Q1 as a potential indicator of broader construction cycle headwinds.
- The firm's aggressive capital allocation, highlighted by a $907.7 million share repurchase in 2025Q3, underscores a commitment to shareholder returns despite the inherent volatility in working capital requirements.
Verdict Logic
while the company maintains strong profitability with a 15.6% operating margin in 2026Q1, the premium valuation of 36.82x P/E TTM warrants caution given the recent deceleration in top-line growth.
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
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.63+4.0%
$2.53
Rev
$5.0B+3.2%
$4.8B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.86+1.8%
$2.81
Rev
$5.1B+1.1%
$5.1B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$3.88+2.1%
$3.80
Rev
$5.7B-0.6%
$5.8B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$3.88+2.4%
$3.79
Rev
$5.7B-0.5%
$5.8B
| 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 →
Latest TT News
Recent stock market news and headlines for Trane Technologies plc (TT)
Zacks Investment Research·5 days ago
Why Trane Technologies (TT) is Poised to Beat Earnings Estimates AgainTrane Technologies (TT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks Investment Research·5 days ago
Here's Why Trane Technologies (TT) is a Strong Growth StockThe Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Zacks Investment Research·5 days ago
Why Investors Need to Take Advantage of These 2 Business Services Stocks NowFinding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Zacks Investment Research·6 days ago
Why Trane Technologies (TT) is a Top Momentum Stock for the Long-TermWondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Peers Comparison
Key metrics vs top competitors for Trane Technologies plc (TT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $475.74 | $105.3B | 36.65 | 7.48% | 13.69% | 36.28% | 0.79% | |
| $68.67 | $57.37B | 40.39 | -3.29% | 6.03% | 9.13% | — | |
| $140.62 | $85.79B | 53.47 | 2.81% | 14.45% | 24.88% | — | |
| $556.93 | $19.38B | 25.06 | -2.73% | 14.89% | 72.05% | — | |
| $109.94 | $9.01B | 85.22 | 20.11% | 7.3% | 13.4% | — | |
| $149.07 | $11.42B | 27.40 | 5.03% | 13.98% | 22.18% | — |
Compare TT vs Peers
Trane Technologies plc (TT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TT SEC Filings & Documents
Trane Technologies plc (TT) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 24, 2026·SEC
Material company update
Jan 29, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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TT Frequently Asked Questions
Trane Technologies plc (TT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Trane Technologies plc's revenue?
Trane Technologies plc (TT) reported $21.60B in revenue for fiscal year 2025. This represents a 222% increase from $6.70B in 1996.
How fast is Trane Technologies plc growing?
Trane Technologies plc (TT) grew revenue by 7.5% over the past year. This is steady growth.
Is TT profitable?
Yes, Trane Technologies plc (TT) is profitable, generating $2.90B in net income for fiscal year 2025 (13.7% net margin).
Dividend & Returns
Does TT pay dividends?
Yes, Trane Technologies plc (TT) pays a dividend with a yield of 0.79%. This makes it attractive for income-focused investors.
What is TT's return on equity?
Trane Technologies plc (TT) has a return on equity (ROE) of 36.3%. This is excellent, indicating efficient use of shareholder capital.
What is Trane Technologies plc's free cash flow?
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.