Trane Technologies plc (TT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.97B | 5.14B | 5.74B | 5.75B | 4.69B | 4.87B | 5.44B | 5.31B | 4.22B | 4.42B | 4.88B | 4.7B | 3.67B | 4.07B | 4.37B | 4.19B | 3.36B | 3.57B | 3.72B | 3.83B |
| Revenue Growth % | 5.99% | 5.55% | 5.54% | 8.27% | 11.22% | 10.17% | 11.43% | 12.81% | 15% | 8.6% | 11.69% | 12.27% | 9.25% | 14.14% | 17.53% | 9.42% | 11.2% | 12.27% | 6.42% | 22.01% |
| Cost of Goods Sold | 3.24B | 3.39B | 3.62B | 3.59B | 3.01B | 3.16B | 3.47B | 3.37B | 2.76B | 2.95B | 3.22B | 3.12B | 2.52B | 2.85B | 2.94B | 2.87B | 2.37B | 2.53B | 2.52B | 2.56B |
| COGS % of Revenue | 65.23% | 65.91% | 63.11% | 62.4% | 64.22% | 64.9% | 63.71% | 63.53% | 65.37% | 66.74% | 66.04% | 66.32% | 68.81% | 70.07% | 67.23% | 68.42% | 70.53% | 70.82% | 67.63% | 66.82% |
| Gross Profit | 1.73B | 1.75B | 2.12B | 2.16B | 1.68B | 1.71B | 1.97B | 1.94B | 1.46B | 1.47B | 1.66B | 1.58B | 1.14B | 1.22B | 1.43B | 1.32B | 989M | 1.04B | 1.2B | 1.27B |
| Gross Margin % | 34.77% | 34.09% | 36.89% | 37.6% | 35.78% | 35.1% | 36.29% | 36.47% | 34.63% | 33.26% | 33.96% | 33.68% | 31.19% | 29.93% | 32.77% | 31.58% | 29.47% | 29.18% | 32.37% | 33.18% |
| Gross Profit Growth % | 3.02% | 2.52% | 7.28% | 11.63% | 14.91% | 16.28% | 19.08% | 22.16% | 27.67% | 20.65% | 15.72% | 19.72% | 15.62% | 17.09% | 18.98% | 4.15% | 3.76% | 9.87% | 6.13% | 29.89% |
| Operating Expenses | 952M | 934.9M | 952.9M | 996.4M | 858.6M | 903.2M | 949.8M | 901.3M | 826.1M | 783.7M | 793.9M | 699M | 686.7M | 638.9M | 693.3M | 612.8M | 600.8M | 605.8M | 620.8M | 619.7M |
| OpEx % of Revenue | 19.16% | 18.17% | 16.59% | 17.34% | 18.31% | 18.53% | 17.46% | 16.98% | 19.6% | 17.71% | 16.26% | 14.86% | 18.73% | 15.68% | 15.86% | 14.62% | 17.9% | 16.97% | 16.69% | 16.18% |
| Selling, General & Admin | 952M | 934.9M | 952.9M | 996.4M | 858.6M | 903.2M | 949.8M | 904M | 828.8M | 778.6M | 793.9M | 699M | 686.7M | 635.4M | 693.3M | 612.8M | 600.8M | 605.8M | 620.8M | 619.7M |
| SG&A % of Revenue | 19.16% | 18.17% | 16.59% | 17.34% | 18.31% | 18.53% | 17.46% | 17.03% | 19.66% | 17.6% | 16.26% | 14.86% | 18.73% | 15.6% | 15.86% | 14.62% | 17.9% | 16.97% | 16.69% | 16.18% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 252.3M | 0 | 0 | 0 | 211.2M | 0 | 0 | 0 | 193.5M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | 5.7% | - | - | - | 5.18% | - | - | - | 5.42% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 |
| Operating Income | 776.1M | 819M | 1.17B | 1.16B | 818.9M | 807.6M | 1.02B | 1.03B | 633.8M | 687.6M | 864.2M | 885.4M | 456.8M | 580.6M | 739.5M | 710.6M | 388.2M | 435.7M | 583.4M | 651M |
| Operating Margin % | 15.62% | 15.92% | 20.29% | 20.26% | 17.47% | 16.57% | 18.83% | 19.49% | 15.04% | 15.54% | 17.7% | 18.82% | 12.46% | 14.25% | 16.91% | 16.96% | 11.57% | 12.21% | 15.68% | 17% |
| Operating Income Growth % | -5.23% | 1.41% | 13.73% | 12.57% | 29.2% | 17.45% | 18.56% | 16.81% | 38.75% | 18.43% | 16.86% | 24.6% | 17.67% | 33.26% | 26.76% | 9.16% | 9.91% | 12.29% | 2.91% | 53.72% |
| EBITDA | 877.2M | 909.8M | 1.25B | 1.26B | 918M | 904.3M | 1.12B | 1.13B | 725.3M | 775.5M | 956.2M | 973.8M | 536.6M | 662.6M | 823.5M | 790.4M | 465.5M | 512.1M | 655.6M | 725.8M |
| EBITDA Margin % | 17.65% | 17.68% | 21.83% | 21.97% | 19.58% | 18.55% | 20.58% | 21.3% | 17.21% | 17.53% | 19.58% | 20.7% | 14.64% | 16.26% | 18.84% | 18.86% | 13.87% | 14.35% | 17.62% | 18.95% |
| EBITDA Growth % | -4.44% | 0.61% | 11.97% | 11.67% | 26.57% | 16.61% | 17.09% | 16.08% | 35.17% | 17.04% | 16.11% | 23.2% | 15.27% | 29.39% | 25.61% | 8.9% | 8.46% | 11.67% | 2.21% | 45.83% |
| D&A (Non-Cash Add-back) | 101.1M | 90.8M | 88.3M | 98.1M | 99.1M | 96.7M | 95M | 96.2M | 91.5M | 87.9M | 92M | 88.4M | 79.8M | 82M | 84M | 79.8M | 77.3M | 76.4M | 72.2M | 74.8M |
| EBIT | 776.1M | 796.9M | 1.15B | 1.15B | 811M | 810.5M | 1.03B | 1.02B | 608.8M | 672.2M | 854.2M | 828M | 447.4M | 578.5M | 721M | 709M | 387.5M | 450.6M | 576.5M | 651.3M |
| Net Interest Income | -55.6M | -50.3M | -54.4M | -58.2M | -54.8M | -48.4M | -47.7M | -52.1M | -54.4M | -53.1M | -54.3M | -58.5M | -53.2M | -51.9M | -53.4M | -54.4M | -54.7M | -55M | -56.9M | -58.2M |
| Interest Income | 0 | 5.3M | 1.2M | 0 | 3.3M | 11.5M | 15.3M | 5.4M | 3.7M | 4.3M | 3.6M | 3.1M | 4.4M | 4M | 2.4M | 1.5M | 1.3M | 1M | 800K | 1.1M |
| Interest Expense | 55.6M | 55.6M | 55.6M | 58.2M | 58.1M | 59.9M | 63M | 57.5M | 58.1M | 57.4M | 57.9M | 61.6M | 57.6M | 55.9M | 55.8M | 55.9M | 56M | 56M | 57.7M | 59.3M |
| Other Income/Expense | -40.3M | -77.7M | -73.6M | -71.5M | -66M | -57M | -56.7M | -61.6M | -83.1M | -72.8M | -67.9M | -119M | -67M | -58.2M | -74.5M | -57.5M | -56.7M | -41.1M | -64.6M | -59M |
| Pretax Income | 735.8M | 741.3M | 1.09B | 1.09B | 752.9M | 750.6M | 967.9M | 972.6M | 550.7M | 614.8M | 796.3M | 766.4M | 389.8M | 522.4M | 665M | 653.1M | 331.5M | 394.6M | 518.8M | 592M |
| Pretax Margin % | 14.81% | 14.41% | 19.01% | 19.02% | 16.06% | 15.4% | 17.79% | 18.33% | 13.06% | 13.9% | 16.31% | 16.29% | 10.63% | 12.82% | 15.21% | 15.59% | 9.88% | 11.06% | 13.95% | 15.46% |
| Income Tax | 136.3M | 122.8M | 231.5M | 216.7M | 134.9M | 135.3M | 181.1M | 205.8M | 105.5M | 98.2M | 157.5M | 169.6M | 73.2M | 73.4M | 104.7M | 136.6M | 61.1M | 65.5M | 96.8M | 122.8M |
| Effective Tax Rate % | 18.52% | 16.57% | 21.21% | 19.83% | 17.92% | 18.03% | 18.71% | 21.16% | 19.16% | 15.97% | 19.78% | 22.13% | 18.78% | 14.05% | 15.74% | 20.92% | 18.43% | 16.6% | 18.66% | 20.74% |
| Net Income | 584.4M | 591.3M | 847.6M | 874.8M | 604.9M | 604.3M | 772M | 755.3M | 436.3M | 504.3M | 626.3M | 586.2M | 307.1M | 439.1M | 547.9M | 509.3M | 260.2M | 317.8M | 405.7M | 464.7M |
| Net Margin % | 11.76% | 11.49% | 14.76% | 15.22% | 12.9% | 12.4% | 14.19% | 14.23% | 10.35% | 11.4% | 12.83% | 12.46% | 8.38% | 10.78% | 12.53% | 12.15% | 7.75% | 8.9% | 10.91% | 12.13% |
| Net Income Growth % | -3.39% | -2.15% | 9.79% | 15.82% | 38.64% | 19.83% | 23.26% | 28.85% | 42.07% | 14.85% | 14.31% | 15.1% | 18.02% | 38.17% | 35.05% | 9.6% | 10.63% | 29.87% | 1.27% | 94.6% |
| Net Income (Continuing) | 599.5M | 618.5M | 860.2M | 876M | 618M | 615.3M | 786.8M | 766.8M | 445.2M | 516.6M | 638.8M | 596.8M | 316.6M | 449M | 560.3M | 516.5M | 270.4M | 329.1M | 422M | 469.2M |
| Discontinued Operations | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -200K |
| Minority Interest | 21.6M | 21.7M | 20M | 21M | 26.5M | 29.5M | 22.8M | 20.3M | 21.1M | 21.8M | 18.6M | 18.4M | 18.2M | 16.6M | 10.1M | 15.8M | 17.9M | 17.2M | 12.6M | 15.4M |
| EPS (Diluted) | 2.62 | 2.64 | 3.78 | 3.89 | 2.67 | 2.66 | 3.39 | 3.30 | 1.90 | 2.19 | 2.72 | 2.55 | 1.33 | 1.89 | 2.34 | 2.16 | 1.10 | 1.32 | 1.68 | 1.91 |
| EPS Growth % | -1.87% | -0.75% | 11.5% | 17.88% | 40.53% | 21.46% | 24.63% | 29.41% | 42.86% | 15.87% | 16.24% | 18.06% | 20.91% | 43.18% | 39.29% | 13.09% | 13.4% | 30.69% | 2.44% | 92.93% |
| EPS (Basic) | 2.62 | 2.67 | 3.82 | 3.92 | 2.71 | 2.69 | 3.42 | 3.33 | 1.92 | 2.22 | 2.74 | 2.57 | 1.34 | 1.91 | 2.36 | 2.18 | 1.11 | 1.35 | 1.70 | 1.94 |
| Diluted Shares Outstanding | 223.1M | 223.6M | 224.4M | 225.1M | 226.4M | 227.3M | 228M | 228.7M | 229.5M | 229.9M | 230.6M | 230.3M | 231.5M | 232.4M | 234M | 235.7M | 237.1M | 240.7M | 241.7M | 243.4M |
| Basic Shares Outstanding | 223.1M | 223.6M | 222.6M | 223.2M | 223.18M | 224.47M | 225.8M | 226.6M | 227.4M | 227.17M | 228.6M | 228.5M | 229.3M | 230.23M | 231.9M | 233.8M | 234.6M | 235.19M | 238.2M | 239.9M |
| Dividend Payout Ratio | 39.61% | 34.75% | 24.67% | 24.02% | 34.7% | 31.23% | 25.5% | 24.94% | 43.43% | 32.45% | 27.56% | 29.61% | 55.45% | 36.88% | 25.02% | 30.43% | 59.92% | 43.8% | 34.58% | 30.43% |