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Profile & Fundamentals

Trane Technologies Profile & Fundamentals

Name: Trane Technologies financial chart data preview
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Company and Market Context

Company Profile & Ownership

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

Company profile record

Trane Technologies plc

Common Stock · Industrials · Building Products

Official website

Company

Company / asset: Trane Technologies plc
Security type: Common Stock
Sector: Industrials
Industry: Building Products
HQ: 🇮🇪 Ireland
Head office: 170/175 Lakeview Drive, Swords, Ireland

Leadership & scale

Chief executive: Mr. David S. Regnery
CEO year born: 1963
Full-time employees: 44K
Fiscal year end: December
IPO date: 1985-07-01

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 96.7B
P/E: 32.8x
Revenue (Q2 26): USD 6.4B
Profit (Q2 26): USD 925.7M
Dividend Yield: 0.7%
Revenue (FY 25): USD 21.3B
Shares in public float: 219.4M
Insider ownership: 0.27%

Reporting & identifiers

Symbol: TT.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: IE00BK9ZQ967
Asset ID: equity_7845e72e-ee7b-570c-b9c1-606234f64a58

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc21,644,072 shares · 9.84% · Reported 2026-03-31
JPMorgan Chase & Co16,735,421 shares · 7.61% · Reported 2026-03-31
Vanguard Capital Management, LLC14,382,748 shares · 6.54% · Reported 2026-03-31
State Street Corp10,104,859 shares · 4.59% · Reported 2026-03-31
FMR Inc9,866,235 shares · 4.48% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest7,038,312 shares · 3.20% · Reported 2026-07-31
Vanguard 500 Index Investor5,800,744 shares · 2.64% · Reported 2026-07-31

View more holders (8)

Morgan Stanley - Brokerage Accounts5,302,761 shares · 2.41% · Reported 2026-03-31
Geode Capital Management, LLC5,186,223 shares · 2.36% · Reported 2026-03-31
Vanguard Portfolio Management, LLC3,533,795 shares · 1.61% · Reported 2026-03-31
iShares Core S&P 500 ETF2,943,387 shares · 1.34% · Reported 2026-08-31
NORGES BANK2,916,886 shares · 1.33% · Reported 2026-06-30
Fidelity 500 Index2,858,472 shares · 1.30% · Reported 2026-07-31
UBS Asset Mgmt Americas Inc2,822,174 shares · 1.28% · Reported 2026-03-31
Nuveen, LLC2,813,561 shares · 1.28% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company delivered strong financial progress, with twelve-month revenue expanding past twenty-two billion dollars and operating income approaching four billion dollars. This expansion is powered by booming demand for commercial climate systems and specialized datacenter cooling, which has built a record twelve-billion-dollar backlog. High-margin maintenance services provide steady, recurring revenue that helps shield total earnings from broader economic softness. However, a closer look reveals that recent top-line gains were driven by equipment shipping volumes rather than price increases. While cash generation remains excellent, with free cash flow surpassing reported net income, future earnings compounding will depend heavily on factory operational efficiency and project delivery rather than repeated price hikes.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Operating profit margins have expanded significantly over the past five years, rising from around twelve percent to over eighteen percent. This structural improvement was driven by price increases, favorable sales mix toward advanced commercial systems, and the growth of high-margin building service contracts that carry higher profitability than basic equipment manufacturing. More recently, margin expansion has leveled off due to higher raw material expenses, trade tariffs, and integration costs from newly acquired businesses. Because past price increases from refrigerant changes are now completed, sustaining margins will require strong manufacturing productivity and higher sales of recurring digital building services.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	13,508,900,000	1,317,500,000	1,476,200,000	31.1	11.87	10.93	9.75
2017-12-31	14,197,600,000	1,302,200,000	1,302,600,000	30.89	11.73	9.17	9.17
2018-12-31	12,343,800,000	1,042,200,000	1,337,600,000	30.47	12.25	10.84	8.44
2019-12-31	13,075,900,000	1,665,400,000	1,410,900,000	30.8	12.77	10.79	12.74
2020-12-31	12,454,700,000	1,288,800,000	854,900,000	30.54	12.31	6.86	10.35
2021-12-31	14,136,400,000	1,365,300,000	1,423,400,000	31.62	14.31	10.07	9.66
2022-12-31	15,991,700,000	1,212,200,000	1,756,500,000	31.05	15.13	10.98	7.58
2023-12-31	17,677,600,000	2,088,900,000	2,023,900,000	33.13	16.37	11.45	11.82
2024-12-31	19,838,200,000	2,775,000,000	2,567,900,000	35.69	17.64	12.94	13.99
2025-12-31	21,321,900,000	2,811,500,000	2,918,600,000	36.16	18.61	13.69	13.19

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	29.82	Trailing four quarters
2024-12-31	32.69	Trailing four quarters
2023-12-31	27.71	Trailing four quarters
2022-12-31	22.24	Annual net income
2021-12-31	34.16	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	253,900,000
2018-01-01	247,700,000
2019-01-01	242,900,000
2020-01-01	244,300,000
2021-01-01	240,700,000
2022-01-01	232,400,000
2023-01-01	229,900,000
2024-01-01	227,300,000
2025-01-01	223,600,000
2026-01-01	223,100,000

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Earnings, Profitability & Valuation
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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