TT · Trane Technologies PLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.97B | - | $5.74B | $5.75B | $4.69B | - | $5.44B | $5.31B | $4.22B | - |
| Cost of Revenue | $3.24B | - | $3.62B | $3.59B | $3.01B | - | $3.47B | $3.37B | $2.76B | - |
| Gross Profit | $1.73B | - | $2.12B | $2.16B | $1.68B | - | $1.97B | $1.94B | $1.46B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $952.00M | - | $952.90M | $996.40M | $858.60M | - | $949.80M | $901.30M | $826.10M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $776.10M | - | $1.17B | $1.16B | $818.90M | - | $1.02B | $1.03B | $633.80M | - |
| Interest Expense | $55.60M | - | $55.60M | $57.40M | $58.10M | - | $63.00M | $57.50M | $58.10M | - |
| Income Tax | $136.30M | - | $231.50M | $216.70M | $134.90M | - | $181.10M | $205.80M | $105.50M | - |
| Net Income | $584.40M | - | $847.60M | $874.80M | $604.90M | - | $772.00M | $755.30M | $436.30M | - |
| EPS - Basic | $2.64 | - | $3.81 | $3.92 | $2.70 | - | $3.42 | $3.33 | $1.92 | - |
| EPS - Diluted | $2.62 | - | $3.78 | $3.89 | $2.67 | - | $3.39 | $3.30 | $1.90 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $1.76B | - | - | - | $1.59B | - | - | - | $1.10B |
| Accounts Receivable | $3.77B | $3.24B | $3.60B | $3.61B | $3.16B | $3.09B | $3.39B | $3.43B | $2.94B | $2.96B |
| Inventory | $2.40B | $2.10B | $2.36B | $2.36B | $2.22B | $1.97B | $2.03B | $2.20B | $2.38B | $2.15B |
| Accounts Payable | $2.42B | $2.15B | $2.40B | $2.53B | $2.27B | $2.15B | $2.19B | $2.18B | $2.01B | $2.03B |
| Current Assets | $8.00B | $7.86B | $7.86B | $7.51B | $6.93B | $7.34B | $8.10B | $7.71B | $6.89B | $6.87B |
| Total Assets | $22.75B | $21.42B | $21.37B | $20.99B | $20.12B | $20.15B | $20.90B | $20.20B | $19.34B | $19.39B |
| Current Liabilities | $7.31B | $6.29B | $6.52B | $6.80B | $6.37B | $6.07B | $6.63B | $6.59B | $6.10B | $6.05B |
| Long-term Debt | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B | $4.32B | $4.32B | $4.32B | $3.98B | $3.98B |
| Total Liabilities | $14.14B | $12.82B | $13.03B | $13.14B | $12.60B | $12.66B | $13.29B | $13.23B | $12.43B | $12.37B |
| Stockholders' Equity | $8.59B | $8.58B | $8.33B | $7.83B | $7.49B | $7.46B | $7.59B | $6.95B | $6.89B | $7.00B |
| Retained Earnings | $10.49B | $10.42B | $10.31B | $9.81B | $9.70B | $9.79B | $9.70B | $9.19B | $9.10B | $9.13B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $626.20M | - | - | - | $339.50M | - | - | - | $247.20M | - |
| Investing Cash Flow | ($755.70M) | - | - | - | ($385.10M) | - | - | - | ($81.70M) | - |
| Financing Cash Flow | ($546.00M) | - | - | - | ($723.10M) | - | - | - | ($386.70M) | - |
| CapEx | $79.70M | - | - | - | $118.90M | - | - | - | $83.80M | - |
| Free Cash Flow | $546.50M | - | - | - | $220.60M | - | - | - | $163.40M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 34.8% | - | 36.9% | 37.6% | 35.8% | - | 36.3% | 36.5% | 34.6% | - |
| Operating margin | 15.6% | - | 20.3% | 20.3% | 17.5% | - | 18.8% | 19.5% | 15.0% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 11.8% | - | 14.8% | 15.2% | 12.9% | - | 14.2% | 14.2% | 10.3% | - |
| Free cash flow margin | 11.0% | - | - | - | 4.7% | - | - | - | 3.9% | - |
| FCF / Net income | 0.94 | - | - | - | 0.36 | - | - | - | 0.37 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.2% | - | 16.6% | 17.3% | 18.3% | - | 17.5% | 17.0% | 19.6% | - |
| Effective tax rate | 18.9% | - | 21.5% | 19.9% | 18.2% | - | 19.0% | 21.4% | 19.5% | - |
| Return on assets | 2.6% | - | 4.0% | 4.2% | 3.0% | - | 3.7% | 3.7% | 2.3% | - |
| Return on equity | 6.8% | - | 10.2% | 11.2% | 8.1% | - | 10.2% | 10.9% | 6.3% | - |
| Return on invested capital | 5.0% | - | 7.5% | 7.9% | 5.9% | - | 7.0% | 7.2% | 4.7% | - |
| Liquidity | ||||||||||
| Current ratio | 1.10 | 1.25 | 1.20 | 1.10 | 1.09 | 1.21 | 1.22 | 1.17 | 1.13 | 1.13 |
| Quick ratio | 0.77 | 0.92 | 0.84 | 0.76 | 0.74 | 0.88 | 0.92 | 0.84 | 0.74 | 0.78 |
| Cash ratio | - | 0.28 | - | - | - | 0.26 | - | - | - | 0.18 |
| Leverage | ||||||||||
| Debt / Equity | 0.46 | 0.46 | 0.47 | 0.50 | 0.52 | 0.58 | 0.57 | 0.62 | 0.58 | 0.57 |
| Debt / Assets | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 14.0x | - | 21.0x | 20.3x | 14.1x | - | 16.3x | 18.0x | 10.9x | - |
| Equity multiplier | 2.65 | 2.50 | 2.57 | 2.68 | 2.69 | 2.70 | 2.75 | 2.91 | 2.81 | 2.77 |
| Liabilities / Assets | 0.62 | 0.60 | 0.61 | 0.63 | 0.63 | 0.63 | 0.64 | 0.66 | 0.64 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.27 | 0.27 | 0.23 | - | 0.26 | 0.26 | 0.22 | - |
| Inventory turnover | 1.35 | - | 1.54 | 1.52 | 1.36 | - | 1.70 | 1.53 | 1.16 | - |
| Days sales outstanding | 277d | - | 229d | 229d | 246d | - | 228d | 236d | 255d | - |
| Days inventory outstanding | 270d | - | 237d | 240d | 269d | - | 214d | 239d | 316d | - |
| Days payable outstanding | 272d | - | 241d | 257d | 275d | - | 231d | 236d | 266d | - |
| Cash conversion cycle | 275d | - | 225d | 212d | 241d | - | 211d | 239d | 304d | - |
| Valuation | ||||||||||
| P / E | 159.1x | - | 111.6x | 112.4x | 126.2x | - | 114.7x | 99.7x | 158.0x | - |
| P / B | 10.8x | - | 11.4x | 12.6x | 10.2x | - | 11.7x | 10.8x | 10.0x | - |
| P / S | 18.7x | - | 16.5x | 17.1x | 16.3x | - | 16.3x | 14.2x | 16.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.0% | - | 5.5% | 8.3% | 11.2% | - | 11.4% | 12.8% | 15.0% | - |
| Revenue CAGR (3y) | 10.7% | - | 9.5% | 11.1% | 11.8% | - | 13.5% | 11.5% | 11.8% | - |
| Revenue CAGR (5y) | 10.5% | - | 10.4% | 12.9% | 12.2% | - | 6.2% | 3.2% | 3.3% | - |
| Gross profit growth (YoY) | 3.0% | - | 7.3% | 11.6% | 14.9% | - | 19.1% | 22.2% | 27.7% | - |
| Operating income growth (YoY) | -5.2% | - | 13.7% | 12.6% | 29.2% | - | 18.6% | 16.8% | 38.7% | - |
| Net income growth (YoY) | -3.4% | - | 9.8% | 15.8% | 38.6% | - | 23.3% | 28.8% | 42.1% | - |
| EPS growth (YoY) | -1.9% | - | 11.5% | 17.9% | 40.5% | - | 24.6% | 29.4% | 42.9% | - |
| EPS CAGR (3y) | 25.4% | - | 17.3% | 21.7% | 34.4% | - | 26.4% | 20.0% | 25.1% | - |
| EPS CAGR (5y) | 22.0% | - | 18.2% | 31.5% | - | - | 12.5% | 12.2% | 18.3% | - |
| FCF growth (YoY) | 147.7% | - | - | - | 35.0% | - | - | - | - | - |
| FCF CAGR (5y) | 19.4% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.7% | 15.0% | 9.7% | 12.8% | 8.7% | 6.6% | 13.6% | 11.0% | 14.1% | 14.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$21.32B totalProduct$13.98B · 65.6%
Service$7.34B · 34.4%
Geographic
$21.32B totalAmericas$17.17B · 80.5%
EMEA$2.80B · 13.1%
Asia Pacific$1.35B · 6.3%
Dividends
$2.93/share trailing 12 months · -15.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 6, 2026 | $1.0500 |
| Sep 5, 2025 | $0.9400 |
| Jun 6, 2025 | $0.9400 |
| Mar 7, 2025 | $0.9400 |
| Dec 6, 2024 | $0.8400 |
| Sep 6, 2024 | $0.8400 |
| Jun 7, 2024 | $0.8400 |
| Feb 29, 2024 | $0.8400 |
| Nov 30, 2023 | $0.7500 |
| Aug 31, 2023 | $0.7500 |
| Jun 1, 2023 | $0.7500 |
| Mar 2, 2023 | $0.7500 |
| Dec 1, 2022 | $0.6700 |
| Sep 1, 2022 | $0.6700 |
| Jun 2, 2022 | $0.6700 |
| Mar 3, 2022 | $0.6700 |
| Dec 2, 2021 | $0.5900 |
| Sep 2, 2021 | $0.5900 |
| Jun 3, 2021 | $0.5900 |
| Mar 4, 2021 | $0.5900 |
| Dec 3, 2020 | $0.5300 |
| Sep 3, 2020 | $0.5300 |
| Jun 4, 2020 | $0.5300 |
| Mar 12, 2020 | $0.5300 |