Trane Technologies

US · TT #228 by market cap Listed 1970

467.27 -9.12 -1.91%

Live - 5344 symbols - heartbeat 28s ago · 2026-10-08 08:24

Pre-market 462.70 -0.98%

After-hours 467.27 0.00%

Overnight 464.73 -0.54%

Market cap: 102.81B
P/E (TTM): 35.37
P/B: 11.92
EPS: 12.98
Div yield: 0.85%
52W pos: 76%

Reader sentiment Are you bullish or bearish on TT?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 7.19, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +7.48% YoY

Margins

Gross margin: 36.16%
Operating margin: 18.61%
Net margin: 13.69%

Key ratios & quality

Enterprise value: 105.66B
PEG ratio: 1.92
Altman Z-Score: 7.19

PEG uses trailing P/E against the 3-year net income growth rate (18.44%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	12.34B	13.08B	12.45B	14.14B	15.99B	17.68B	19.84B	21.32B
Gross profit	3.76B	3.99B	3.80B	4.47B	4.96B	5.86B	7.08B	7.71B
Selling & admin expenses	2.25B	2.32B	2.27B	2.45B	2.55B	2.96B	3.58B	3.74B
Research & development	--	--	--	--	--	--	--	--
Operating profit	1.51B	1.67B	1.53B	2.02B	2.42B	2.89B	3.50B	3.97B
Pretax profit	1.26B	1.40B	1.29B	1.79B	2.17B	2.57B	3.24B	3.68B
Tax	234.90M	238.60M	296.80M	333.50M	375.90M	498.40M	627.60M	705.90M
Net profit	1.36B	1.43B	870.00M	1.44B	1.77B	2.04B	2.59B	2.94B
Basic EPS	5	6	4	6	8	9	11	13
Diluted EPS	5.35	5.77	3.52	5.87	7.48	8.77	11.24	12.98

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	4.69B	5.75B	5.74B	5.14B	4.97B	6.35B
Gross profit	1.68B	2.16B	2.12B	1.75B	1.73B	2.26B
Selling & admin expenses	858.60M	996.40M	952.90M	934.90M	952.00M	1.04B
Research & development	--	--	--	--	--	--
Operating profit	818.90M	1.16B	1.17B	819.00M	776.10M	1.22B
Pretax profit	752.90M	1.09B	1.09B	741.30M	735.80M	1.16B
Tax	134.90M	216.70M	231.50M	122.80M	136.30M	218.20M
Net profit	609.10M	878.90M	850.80M	596.90M	589.50M	935.30M
Basic EPS	3	4	4	3	3	4
Diluted EPS	2.67	3.89	3.78	2.64	2.62	4.16

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	5.73B	9.29B	6.91B	6.47B	6.38B	6.87B	7.34B	7.86B
Cash & ST investments	903.40M	1.28B	3.29B	2.16B	1.22B	1.10B	1.59B	1.76B
Inventory	1.68B	1.28B	1.19B	1.53B	1.99B	2.15B	1.97B	2.10B
Total assets	17.91B	20.49B	18.16B	18.06B	18.08B	19.39B	20.15B	21.42B
Total current liabilities	4.32B	5.24B	4.34B	4.75B	5.69B	6.05B	6.07B	6.29B
Short-term debt	350.60M	650.30M	775.60M	350.40M	1.05B	801.90M	452.20M	693.00M
Long-term debt	3.74B	4.92B	4.50B	4.49B	3.79B	3.98B	4.32B	3.92B
Total liabilities	10,850,100,000.00	13,179,900,000.00	11,729,600,000.00	11,786,700,000.00	11,976,400,000.00	12,374,900,000.00	12,659,800,000.00	12,819,800,000.00
Total equity	7.06B	7.31B	6.43B	6.27B	6.11B	7.02B	7.49B	8.60B
Retained earnings	9.44B	9.73B	8.50B	8.35B	8.32B	9.13B	9.79B	10.42B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	6.93B	7.51B	7.86B	7.86B	8.00B	9.01B
Cash & ST investments	860.50M	774.20M	1.13B	1.76B	1.07B	1.32B
Inventory	2.22B	2.36B	2.36B	2.10B	2.40B	2.62B
Total assets	20.12B	20.99B	21.37B	21.42B	22.75B	23.93B
Total current liabilities	6.37B	6.80B	6.52B	6.29B	7.31B	8.39B
Short-term debt	851.70M	694.60M	694.70M	693.00M	693.10M	693.10M
Long-term debt	3.92B	3.92B	3.92B	3.92B	3.92B	3.92B
Total liabilities	12,599,900,000.00	13,135,300,000.00	13,027,500,000.00	12,819,800,000.00	14,142,300,000.00	15,280,500,000.00
Total equity	7.52B	7.86B	8.35B	8.60B	8.61B	8.65B
Retained earnings	9.70B	9.81B	10.31B	10.42B	10.49B	10.53B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	1.41B	1.92B	1.44B	1.59B	1.50B	2.39B	3.15B	3.19B
Depreciation & amortization	282.30M	288.80M	294.30M	299.40M	323.60M	348.10M	379.40M	376.30M
Free cash flow	1.12B	1.71B	1.29B	1.37B	1.21B	2.09B	2.78B	2.81B
Dividends paid	-479.50M	-510.10M	-507.30M	-561.10M	-620.20M	-683.70M	-757.50M	-837.30M
Stock buybacks / issuance	-900.20M	-750.10M	-250.00M	-1.10B	-1.20B	-669.30M	-1.28B	-1.48B
Ending cash balance	878.40M	1.28B	3.29B	2.16B	1.22B	1.10B	1.59B	1.76B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	339.50M	692.10M	1.00B	1.16B	626.20M	1.09B
Depreciation & amortization	99.10M	98.10M	88.30M	90.80M	101.10M	110.00M
Free cash flow	220.60M	602.20M	935.60M	1.05B	546.50M	1.01B
Dividends paid	-209.90M	-210.10M	-209.10M	-208.20M	-231.50M	-231.70M
Stock buybacks / issuance	-477.50M	-402.10M	-370.40M	-231.30M	-287.30M	-469.10M
Ending cash balance	860.50M	774.20M	1.13B	1.76B	1.07B	1.32B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	18.89	19.75	12.50	22.48	28.46	30.94	35.54	36.40
ROA %	7.41	7.35	4.42	7.86	9.72	10.80	12.99	14.04
ROIC %	13.58	13.38	8.51	14.14	17.56	19.39	22.76	24.35
5-year avg ROE %	17.40	18.50	18.75	18.50	20.42	22.83	25.98	30.76
EBIT margin %	12.01	11.96	12.34	14.32	14.98	15.85	17.54	18.32
FCF / sales %	6.65	10.03	10.35	9.66	7.58	11.82	13.99	13.19
Current ratio	1.33	1.77	1.59	1.36	1.12	1.13	1.21	1.25
Quick ratio	0.83	0.66	1.27	0.97	0.70	0.67	0.77	0.80
Debt / assets	22.84	27.20	29.04	26.81	26.75	24.65	23.68	21.55
LT debt / equity	53.27	67.74	70.17	71.80	62.22	56.87	57.90	45.72
Interest coverage	8.52	8.17	6.18	8.66	10.72	11.95	14.60	17.23
Revenue CAGR (3Y) %	-2.46	-1.08	-4.27	4.62	6.94	12.38	11.96	10.06
Net income CAGR (3Y) %	26.26	-1.50	-13.10	2.09	7.58	33.28	21.74	18.44
FCF CAGR (3Y) %	20.69	8.58	-0.34	6.73	-10.91	17.47	26.67	32.37

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	38.06	38.64	36.83	36.40	36.04	35.84
ROA %	13.87	13.87	13.87	14.04	13.52	13.13
ROIC %	24.14	24.54	24.07	24.35	24.11	24.26
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	18.13	18.33	18.62	18.32	17.99	17.79
FCF / sales %	13.94	13.55	12.03	13.19	14.52	15.97
Current ratio	1.09	1.10	1.20	1.25	1.10	1.07
Quick ratio	0.63	0.64	0.72	0.80	0.66	0.66
Debt / assets	23.72	21.99	21.60	21.55	20.29	19.30
LT debt / equity	52.32	50.04	47.09	45.72	45.66	45.50
Interest coverage	15.45	15.95	16.96	17.23	17.33	17.97
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

Equipment is the largest reported line at 67.39% of revenue, across 2 reported segments.
Services follows at 32.61%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

Equipment67.39%

Services32.61%

Quote time 2026-10-08 08:24:10 · For reference only, not investment advice and not tailored to your situation.