Trane Technologies TT
$401.76 +$9.33 (+2.38%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $402.50 +0.18%
Open$402.56
Prev close$392.43
Day range$395.87 – $405.49
Volume1.96M
Market cap$87.94B
P/E (TTM)28.4
Dividend yield1.02%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$6.76B+17.7% YoY
Operating profit$1.34B+15.3% YoY
Net profit$1.05B+23.9% YoY
Diluted EPS$4.74+25.4% YoY
Free cash flow$1.21B+28.8% YoY
Operating cash flow$1.31B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin35.0%
Operating margin17.9%
Net margin13.6%
Return on equity36.1%
Return on assets13.9%
Return on invested capital25.2%
Current ratio1.12
Liabilities / assets61.8%
Cash & investments$1.23B
Total debt$4.22B
Net cash (debt)-$2.99B
Free cash flow / sales16.4%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $6.76B | $6.35B | $4.97B | $21.32B | $5.14B |
| Total Operating Revenue | $6.76B | $6.35B | $4.97B | $21.32B | $5.14B |
| Cost of Revenue | $4.37B | $4.09B | $3.24B | $13.61B | $3.39B |
| Gross Profit | $2.38B | $2.26B | $1.73B | $7.71B | $1.75B |
| Operating Expense | $1.04B | $1.04B | $952.00M | $3.74B | $934.90M |
| Selling and Admin Expenses | $1.04B | $1.04B | $952.00M | $3.74B | $934.90M |
| Operating Profit | $1.34B | $1.22B | $776.10M | $3.97B | $819.00M |
| Net Non-Operating Interest Income (Expense) | -$47.20M | -$50.10M | -$51.00M | -$217.70M | -$50.30M |
| Non-Operating Interest Income | $5.20M | $3.00M | $4.60M | $9.00M | $5.30M |
| Non-Operating Interest Expense | $52.40M | $53.10M | $55.60M | $226.70M | $55.60M |
| Other Income (Expense) | -$10.60M | -$11.10M | $10.70M | -$71.10M | -$27.40M |
| Gain on Sale of Security | -$2.50M | -$1.70M | -$1.30M | -$15.40M | -$3.70M |
| Other Non-Operating Income (Expenses) | -$8.10M | -$9.40M | $12.00M | -$55.70M | -$23.70M |
| Pretax Profit | $1.29B | $1.16B | $735.80M | $3.68B | $741.30M |
| Tax | $219.90M | $218.20M | $136.30M | $705.90M | $122.80M |
| Net Profit | $1.05B | $935.30M | $589.50M | $2.94B | $596.90M |
| Profit from Continuing Operations | $1.07B | $944.90M | $599.50M | $2.97B | $618.50M |
| Net Income from Discontinuous Operations | -$11.40M | -$9.60M | -$10.00M | -$37.00M | -$21.60M |
| Minority Interests | $5.30M | $9.60M | $5.10M | $17.10M | $5.60M |
| Net Income to Parent Company | $1.05B | $925.70M | $584.40M | $2.92B | $591.30M |
| Net Income to Common Stockholders | $1.05B | $925.70M | $584.40M | $2.92B | $591.30M |
| Basic EPS | $4.77 | $4.19 | $2.64 | $13.09 | $2.67 |
| Diluted EPS | $4.74 | $4.16 | $2.62 | $12.98 | $2.64 |
| Dividend Per Share | $1.05 | $1.05 | $1.05 | $3.76 | $0.94 |
| -General & Admin Expense | – | $1.04B | – | – | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $23.89B | $23.93B | $22.75B | $21.42B | $21.42B |
| Total Current Assets | $8.71B | $9.01B | $8.00B | $7.86B | $7.86B |
| Cash and Cash Equivalents & Short-Term Investments | $1.23B | $1.32B | $1.07B | $1.76B | $1.76B |
| -Cash and Cash Equivalents | $1.23B | $1.32B | $1.07B | $1.76B | $1.76B |
| Receivables | $4.09B | $4.23B | $3.77B | $3.24B | $3.24B |
| -Accounts Receivable | $4.09B | $4.23B | $3.77B | $3.24B | $3.24B |
| Inventory | $2.60B | $2.62B | $2.40B | $2.10B | $2.10B |
| Other Current Assets | $792.00M | $837.00M | $757.60M | $760.80M | $760.80M |
| Total Non-Current Assets | $15.18B | $14.92B | $14.75B | $13.56B | $13.56B |
| Net PPE | $2.46B | $2.39B | $2.34B | $2.25B | $2.25B |
| Goodwill and Other Intangible Assets | $10.56B | $10.55B | $10.52B | $9.69B | $9.69B |
| -Goodwill | $7.08B | $7.03B | $6.96B | $6.46B | $6.46B |
| -Other Intangible Assets | $3.48B | $3.52B | $3.56B | $3.24B | $3.24B |
| Other Non-Current Assets | $2.16B | $1.98B | $1.89B | $1.61B | $1.61B |
| Total Liabilities | $14.76B | $15.28B | $14.14B | $12.82B | $12.82B |
| Total Current Liabilities | $7.75B | $8.39B | $7.31B | $6.29B | $6.29B |
| Payables | $3.10B | $2.98B | $2.42B | $2.15B | $2.15B |
| -Accounts Payable | $3.10B | $2.98B | $2.42B | $2.15B | $2.15B |
| Current Accrued Expenses | $3.66B | $4.12B | $3.66B | $2.83B | $2.83B |
| Short-Term Debt and Capital Lease Obligation | $293.10M | $693.10M | $693.10M | $693.00M | $693.00M |
| -Current Debt | $293.10M | $693.10M | $693.10M | $693.00M | $693.00M |
| Total Non-Current Liabilities | $7.01B | $6.89B | $6.84B | $6.53B | $6.53B |
| Long Term Debt and Capital Lease Obligation | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B |
| -Long Term Debt | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B |
| Non-Current Deferred Liabilities | $849.00M | $795.20M | $765.40M | $716.30M | $716.30M |
| Employee Benefits | $485.60M | $508.40M | $533.20M | $541.50M | $541.50M |
| Other Non-Current Liabilities | $1.75B | $1.66B | $1.62B | $1.35B | $1.35B |
| Total Equity | $9.13B | $8.65B | $8.61B | $8.60B | $8.60B |
| Stockholders' Equity | $9.11B | $8.62B | $8.59B | $8.58B | $8.58B |
| Capital Stock | $242.60M | $243.80M | $244.70M | $245.00M | $245.00M |
| -Common Stock | $242.60M | $243.80M | $244.70M | $245.00M | $245.00M |
| Retained Earnings | $11.03B | $10.53B | $10.49B | $10.42B | $10.42B |
| Less: Treasury Stock | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B |
| Gains/Losses Not Affecting Retained Earnings | -$510.20M | -$497.40M | -$495.70M | -$438.80M | -$438.80M |
| Minority Interests | $22.80M | $22.20M | $21.60M | $21.70M | $21.70M |
| -Gross PPE | – | – | – | $4.63B | $4.63B |
| -Accumulated Depreciation | – | – | – | -$2.38B | -$2.38B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.31B | $1.09B | $626.20M | $3.19B | $1.16B |
| Net cash flow from continuing operations | $1.33B | $1.10B | $636.20M | $3.22B | $1.17B |
| Net Income from Continuing Operations | $1.07B | $944.90M | $599.50M | $2.97B | $618.50M |
| Gain/Loss from Continuing Operations | $1.30M | $1.20M | $4.80M | $34.80M | $21.50M |
| Depreciation & Depletion & Amortization | $105.00M | $110.00M | $101.10M | $376.30M | $90.80M |
| Other Non-Cash Items | -$21.30M | -$12.00M | -$3.50M | $31.60M | $125.80M |
| Change in Working Capital | $148.40M | $29.50M | -$92.50M | -$281.60M | $290.40M |
| Cash Flow from Discontinued Operating Activities | -$12.20M | -$10.70M | -$10.00M | -$25.90M | -$7.40M |
| Net cash flow from investing | -$188.00M | -$146.60M | -$755.70M | -$640.00M | -$85.40M |
| Net Cash Flow from Continuing Investing Activities | -$188.00M | -$146.60M | -$755.70M | -$640.00M | -$85.40M |
| Capital Expenditure | -$108.10M | -$76.40M | -$79.70M | -$383.00M | -$105.80M |
| Net Business Purchase and Sale | -$80.90M | -$73.80M | -$668.20M | -$276.00M | $1.40M |
| Net Other Investing Changes | $1.00M | $3.60M | -$7.80M | -$1.60M | -$200,000.00 |
| Financing Cash Flow | -$1.21B | -$697.20M | -$546.00M | -$2.50B | -$438.70M |
| Net Cash Flow from Continuing Financing Activities | -$1.21B | -$695.90M | -$547.30M | -$2.50B | -$438.70M |
| Net Issuance Payments Of Debt | -$400.40M | $1.00M | -$2.60M | -$159.10M | -$1.80M |
| Net Common Stock Issuance | -$582.10M | -$469.10M | -$287.30M | -$1.48B | -$231.30M |
| Cash Dividends Paid | -$230.50M | -$231.70M | -$231.50M | -$837.30M | -$208.20M |
| Proceeds from Stock Option Exercised | $5.50M | $16.60M | -$22.20M | $12.60M | $6.80M |
| Net Other Financing Charges | -$5.30M | -$14.00M | -$2.40M | -$30.70M | -$4.20M |
| Ending Cash Balance | $1.23B | $1.32B | $1.07B | $1.76B | $1.76B |
| Net Change in Cash | -$87.50M | $243.90M | -$675.50M | $58.70M | $634.80M |
| Beginning Cash Balance | $1.32B | $1.07B | $1.76B | $1.59B | $1.13B |
| Effect of Exchange Rate Changes | -$3.40M | $200,000.00 | -$13.60M | $114.50M | $2.70M |
| Free Cash Flow | $1.21B | $1.01B | $546.50M | $2.81B | $1.05B |
| -Change in Receivables | – | – | – | -$61.20M | – |
| -Change in Inventory | – | – | – | -$84.80M | – |
| -Change in Payables and Accrued Expense | – | – | – | -$2.60M | – |
| -Change in Other Current Assets | – | – | – | -$304.80M | – |
| -Change in Other Current Liabilities | – | – | – | $171.80M | – |
| Net PPE Purchase and Sale | – | – | – | $20.60M | – |
| Net Investment Purchase and Sale | – | – | – | $0.00 | $0.00 |
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