Trane Technologies (TT) financial statements
- FY2025 revenue
- $21.3B▲ +7.5%
- FY2025 net income
- $2.9B▲ +13.7%
- FY2025 diluted EPS
- $12.98▲ +15.5%
- FY2025 free cash flow
- $2.8B▲ +1.3%
Trane Technologies income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 21,322 | 19,838 | 17,678 |
| Operating income | 3,967 | 3,500 | 2,894 |
| Pretax income | 3,679 | 3,242 | 2,567 |
| Net income | 2,919 | 2,568 | 2,024 |
| Diluted earnings per share | 12.98 | 11.24 | 8.77 |
Trane Technologies balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 1,763 | 1,590 | 1,095 |
| Total assets | 21,421 | 20,147 | 19,392 |
| Total liabilities | 12,820 | 12,660 | 12,375 |
| Total equity | 8,601 | 7,487 | 7,017 |
| Long-term debt | 3,922 | 4,318 | 3,978 |
Trane Technologies cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 3,195 | 3,146 | 2,390 |
| Capital expenditure | -383 | -371 | -301 |
| Free cash flow (derived) | 2,812 | 2,775 | 2,089 |
| Dividends paid | -837 | -757 | -684 |
| Share repurchases | -1,481 | -1,281 | -669 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 6,760 | 6,354 | 4,969 | 5,145 |
| Operating income (derived) | 1,343 | 1,224 | 776 | 819 |
| Net income (derived) | 1,049 | 935 | 590 | 591 |
| Diluted earnings per share | 4.74 | 4.16 | 2.62 | n/a |
| Operating cash flow (derived) | 1,313 | 1,088 | 626 | 1,159 |
| Total assets | 23,890 | 23,926 | 22,755 | 21,421 |
Trane Technologies major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| BlackRock, Inc. | 7.7% | 17,231,559 | 24 April 2025 |
| Vanguard Capital Management | 7.5% | 16,581,171 | 28 April 2026 |
| JPMORGAN CHASE & CO. | 5.6% | 12,451,325 | 27 July 2026 |
| Abigail P. Johnson | 5.1% | 11,368,697 | 5 November 2025 |
| FMR LLC | 5.1% | 11,368,697 | 5 November 2025 |
Trane Technologies 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 29 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 October 2026 | 8-K | Current report | Current report |
| 30 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 30 July 2026 | 8-K | Current report | Current report |
| 22 July 2026 | 8-K | Current report | Current report |
| 10 June 2026 | 8-K | Current report | Current report |
| 5 June 2026 | 8-K | Current report | Current report |
| 30 April 2026 | 10-Q | Quarterly report | Quarterly report |
Common questions
What was Trane Technologies' revenue in fiscal 2025?
Trane Technologies reported $21.3 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 7.5% from fiscal 2024.
What was Trane Technologies' net income in fiscal 2025?
Trane Technologies reported net income of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 13.7% from fiscal 2024. Diluted earnings per share were $12.98.
What was Trane Technologies' free cash flow in fiscal 2025?
Trane Technologies had $2.8 billion in free cash flow in fiscal 2025. Operating cash flow was $3.2 billion and capital expenditure was $383 million.
What were Trane Technologies' total assets at the end of fiscal 2025?
Trane Technologies reported total assets of $21.4 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Trane Technologies history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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