# Trane Technologies plc (TT)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $101.01B  
**Price:** $449.12 (-4.60%)

> Trane Technologies plc is a global industrial company specializing in climate and temperature-control solutions for built environments and transportation. The company focuses on heating, ventilation, air conditioning (HVAC), and refrigeration systems, along with associated controls, parts, and services for commercial buildings, residential properties, and transport fleets. Its portfolio is anchored by the Trane and Thermo King brands, which serve sectors such as office and institutional buildings, industrial facilities, data centers, retail, and cold-chain logistics. Trane Technologies operates through three primary geographic segments: Americas, EMEA, and Asia Pacific, tailoring systems, services, and energy solutions to regional customer needs in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. The company emphasizes energy-efficient equipment, building management controls, and ongoing maintenance and service contracts, positioning it as a key player in improving indoor environmental quality and operational reliability for businesses and homeowners worldwide. Headquartered in Swords, Ireland, Trane Technologies serves a diversified global customer base across industrial and commercial markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $21.32B | — | $3.97B | $2.92B | — |
| 2024 | $19.84B | — | $3.50B | $2.57B | — |
| 2023 | $17.68B | — | $2.89B | $2.02B | — |
| 2022 | $15.99B | — | $2.42B | $1.76B | — |
| 2021 | $14.14B | — | $2.02B | $1.42B | — |
| 2020 | $12.45B | — | $1.53B | $855M | — |
| 2019 | $13.08B | — | $1.67B | $1.41B | — |
| 2018 | $12.34B | — | $1.51B | $1.34B | — |
| 2017 | $14.20B | — | $1.67B | $1.30B | — |
| 2016 | $13.51B | — | $1.60B | $1.48B | — |
| 2015 | $13.30B | — | $1.49B | $665M | — |
| 2014 | $12.89B | — | $1.40B | $932M | — |
| 2013 | $12.35B | — | $1.10B | $619M | — |
| 2012 | $11.99B | — | $1.07B | $1.02B | — |
| 2011 | $14.78B | — | $439M | $343M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $21.42B | $12.82B | $8.58B | $1.76B | $4.62B |
| 2024 | $20.15B | $12.66B | $7.46B | $1.59B | $4.77B |
| 2023 | $19.39B | $12.37B | $7.00B | $1.10B | $4.78B |
| 2022 | $18.08B | $11.98B | $6.09B | $1.22B | $4.84B |
| 2021 | $18.06B | $11.79B | $6.26B | $2.16B | $4.84B |
| 2020 | $18.16B | $11.73B | $6.41B | $3.29B | $5.27B |
| 2019 | $20.49B | $13.18B | $7.27B | $1.28B | $5.57B |
| 2018 | $17.91B | $10.85B | $7.02B | $878M | $4.09B |
| 2017 | $18.17B | $10.97B | $7.14B | $1.52B | $4.06B |
| 2016 | $17.40B | $10.68B | $6.64B | $1.71B | $4.06B |
| 2015 | $16.72B | $10.84B | $5.82B | $737M | $4.09B |
| 2014 | $17.30B | $11.25B | $5.99B | $1.71B | $4.11B |
| 2013 | $17.66B | $10.53B | $7.07B | $1.94B | $3.50B |
| 2012 | $18.48B | $11.25B | $7.15B | $708M | $3.22B |
| 2011 | $18.84B | $11.83B | $6.92B | $987M | $3.58B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3.19B | — | — |
| 2024 | $3.15B | $371M | $2.77B |
| 2023 | $2.39B | $301M | $2.09B |
| 2022 | $1.50B | $292M | $1.21B |
| 2021 | $1.59B | $223M | $1.37B |
| 2020 | $1.44B | $146M | $1.29B |
| 2019 | $1.92B | $205M | $1.71B |
| 2018 | $1.41B | $285M | $1.12B |
| 2017 | $1.52B | $221M | $1.30B |
| 2016 | $1.52B | $183M | $1.34B |
| 2015 | $888M | $250M | $639M |
| 2014 | $973M | $234M | $740M |
| 2013 | $1.09B | $242M | $849M |
| 2012 | $1.20B | $243M | $952M |
| 2011 | $1.19B | $217M | $970M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TT)