Trane Technologies plc logo

Trane Technologies plc

TT

NYSEIndustrialsIndustrial - Machinery

Previous close

$453.43

+$2.33 · +0.52%

Aug 21, 4:00 PM ET

TT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

52

Fair Value

Momentum

49

Neutral

Sentiment

73

Bullish

Risk resilience

72

Moderate Risk

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Company profile

Company website

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.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
IE
CEO
David S. Regnery
Listed since
Mar 17, 1980
Employees
44,000

Market position

Day range

Current $453.43

52-week range

Current $453.43

Open
$455.41
Previous close
$451.1
Volume
667.55K
0.52× average
Average volume
1.29M
Average daily volume
Market cap
99.77B USD
Beta
1.21
Market reference 1
50-day average
$474.09
-4.36% below average
200-day average
$443.25
+2.30% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
89.88B USD
P/E (TTM)
34.2×
P/B (TTM)
11.7×
P/S (TTM)
4.49×
EV / EBITDA
21.56×
Earnings yield
3.35%
Free cash flow yield
3.23%
Dividend yield
0.88%

Profitability & efficiency

Gross margin
35.39%
Operating margin
17.94%
Net margin
13.28%
Return on equity
33.93%
Return on assets
13.63%
Return on invested capital
20.26%

Financial health

Debt / equity
0.53×
Current ratio
1.25×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%28%18%7%Gross margin, FY2021: 31.62%Gross margin, FY2022: 31.05%Gross margin, FY2023: 33.13%Gross margin, FY2024: 35.69%Gross margin, FY2025: 36.16%Operating margin, FY2021: 14.31%Operating margin, FY2022: 15.13%Operating margin, FY2023: 16.37%Operating margin, FY2024: 17.64%Operating margin, FY2025: 18.61%Net margin, FY2021: 10.07%Net margin, FY2022: 10.98%Net margin, FY2023: 11.45%Net margin, FY2024: 12.94%Net margin, FY2025: 13.69%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.62%. Gross margin FY2022 31.05%. Gross margin FY2023 33.13%. Gross margin FY2024 35.69%. Gross margin FY2025 36.16%. Operating margin FY2021 14.31%. Operating margin FY2022 15.13%. Operating margin FY2023 16.37%. Operating margin FY2024 17.64%. Operating margin FY2025 18.61%. Net margin FY2021 10.07%. Net margin FY2022 10.98%. Net margin FY2023 11.45%. Net margin FY2024 12.94%. Net margin FY2025 13.69%.

Income trends

Revenue

21.32B USD+7.48%

Operating income

3.97B USD+13.35%

Net income

2.92B USD+13.66%
Income trends across reported periods23.31B USD15.35B USD7.39B USD−566.45M USDRevenue, FY2021: 14.14B USDRevenue, FY2022: 15.99B USDRevenue, FY2023: 17.68B USDRevenue, FY2024: 19.84B USDRevenue, FY2025: 21.32B USDOperating income, FY2021: 2.02B USDOperating income, FY2022: 2.42B USDOperating income, FY2023: 2.89B USDOperating income, FY2024: 3.5B USDOperating income, FY2025: 3.97B USDNet income, FY2021: 1.42B USDNet income, FY2022: 1.76B USDNet income, FY2023: 2.02B USDNet income, FY2024: 2.57B USDNet income, FY2025: 2.92B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 14.14B USD. Revenue FY2022 15.99B USD. Revenue FY2023 17.68B USD. Revenue FY2024 19.84B USD. Revenue FY2025 21.32B USD. Operating income FY2021 2.02B USD. Operating income FY2022 2.42B USD. Operating income FY2023 2.89B USD. Operating income FY2024 3.5B USD. Operating income FY2025 3.97B USD. Net income FY2021 1.42B USD. Net income FY2022 1.76B USD. Net income FY2023 2.02B USD. Net income FY2024 2.57B USD. Net income FY2025 2.92B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21.32B USD19.84B USD17.68B USD15.99B USD14.14B USD
Cost of goods sold13.61B USD12.76B USD11.82B USD11.03B USD9.67B USD
Gross profit7.71B USD7.08B USD5.86B USD4.96B USD4.47B USD
Selling, general, and administrative3.74B USD3.58B USD2.96B USD2.55B USD2.45B USD
Operating expenses3.74B USD3.58B USD2.96B USD2.55B USD2.45B USD
Interest income4.5M USD35.9M USD15.4M USD9.2M USD4M USD
Interest expense227.5M USD238.4M USD234.5M USD223.5M USD233.7M USD
Depreciation and amortization263.4M USD379.4M USD343.5M USD319.2M USD294.1M USD
Operating income3.97B USD3.5B USD2.89B USD2.42B USD2.02B USD
Net income2.92B USD2.57B USD2.02B USD1.76B USD1.42B USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
12.98
FY2025 · +15.48% year over year
Latest fiscal-year revenue
21.32B USD
FY2025 · +7.48% year over year
Next fiscal-year EPS consensus
15.24
FY2026 · 13 analysts
Next fiscal-year revenue consensus
23.72B USD
FY2026 · 16 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend22.7516.6110.474.34FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend30.82B24.75B18.69B12.62BFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$546.88

20.61% upside
Past 12 months12-month forecastHigh $585Average $546.88Low $475

Rating distribution

27 ratings
Strong buy00%
Buy1244%
Hold1452%
Sell14%
Strong sell00%

Recent analyst actions

12 institutions
BernsteinmaintainOutperform
Evercore ISI GroupmaintainOutperform

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.76

2025 complete year+59.3% since 2021

2026 partial: $2.10

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 4, 2026

$1.05

Quarterly

Record Sep 4, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 5, 2026

$1.05

Quarterly

Record Jun 5, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 6, 2026

$1.05

Quarterly

Record Mar 6, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 5, 2025

$0.94

Quarterly

Record Dec 5, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 5, 2025

$0.94

Quarterly

Record Sep 5, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 6, 2025

$0.94

Quarterly

Record Jun 6, 2025 · Payment Jun 30, 2025

TT peers

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