Company financials

Trane Technologies

Industrials Building Products Dublin, Ireland Last filing Feb 5, 2026 · FY2025

                    Revenue
                    FY2025
                
$21.3B
                    3y CAGR +10.1%
                    
                    P82
                    
                    +7.5%
                    
                    Net income
                    FY2025
                
$2.9B
                    Net margin +13.7%
                    
                    P58
                    
                    +13.7%
                    
                    Total assets
                    FY2025
                
$21.4B
                    ROA +13.6%
                    
                    P82
                    
                    +6.3%
                    
                    Operating cash flow
                    FY2025
                
$3.2B
                    FCF margin +13.2%
                    
                    P49
                    
                    +1.6%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 3 years

Total assets $21.4B

Total liabilities $12.8B

Shareholders equity $8.6B

Account	2025	2024	2023
Assets
Accounts Receivable	15.1%	15.3%	15.2%
Inventory	9.8%	9.8%	11.1%
Prepaid Expenses	3.6%	3.4%	3.4%
Other Current Assets	3.6%	3.4%	3.4%
Total Current Assets	36.7%	36.4%	35.4%
Property,Plant and Equipment	10.5%	10.0%	9.1%
Goodwill	30.1%	30.4%	31.4%
Intangible Assets	15.1%	16.4%	17.7%
Other Noncurrent Assets	7.5%	6.7%	6.3%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	10.1%	10.7%	10.4%
Accrued Liabilities	13.2%	13.8%	13.6%
Current Portion of Long Term Debt	3.2%	2.2%	4.1%
Other Current Liabilities	6.3%	5.6%	5.4%
Total Current Liabilities	29.3%	30.1%	31.2%
Long Term Debt	18.3%	21.4%	20.5%
Deferred Tax Liabilities	0.0%	2.0%	2.6%
Other Noncurrent Liabilities	6.3%	5.6%	5.4%
Total Liabilities	59.8%	62.8%	63.8%
Equity
Common Stock	1.1%	1.2%	1.3%
Retained Earnings	48.7%	48.6%	47.1%
Treasury Stock	7.7%	8.5%	8.9%
Accumulated Other Comprehensive Income	-2.0%	-4.3%	-3.5%
Noncontrolling Interest	0.1%	0.1%	0.1%
Total Stockholders Equity	40.1%	37.0%	36.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $21.3B

Operating income $4.0B

Net income $2.9B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	99.5%	98.5%	91.2%
Expenses Research and Development	1.6%	1.5%	1.3%
Expenses Selling,General and Administrative	17.5%	17.8%	15.3%
Expenses Depreciation and Amortization	1.8%	1.9%	1.8%
Expenses Share Based Compensation	0.4%	0.4%	0.3%
Expenses Restructuring and Asset Impairment	-0.1%	-0.0%	0.1%
Other Income Expense Operating Income	18.5%	17.4%	14.9%
Other Income Expense Interest Expense	1.1%	1.2%	1.2%
Other Income Expense Other Income/expense	-0.1%	-0.1%	-0.3%
Other Income Expense Income Before Tax	17.2%	16.1%	13.2%
Income Tax Income Tax Expense	3.3%	3.1%	2.6%
net Income net Income	13.6%	12.7%	10.4%
net Income Comprehensive Income	15.6%	11.8%	10.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.0%	1.1%	1.2%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.1%	1.2%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $3.2B

Investing cash flow $-640.0M

Financing cash flow $-2.5B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	13.6%	12.7%	10.4%
Operating Activities Depreciation and Amortization	1.8%	1.9%	1.8%
Operating Activities Stock Based Compensation	0.4%	0.4%	0.3%
Operating Activities Deferred Income Taxes	0.5%	-0.6%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.4%	-0.3%	-0.1%
Operating Activities Other Non Cash Items	0.1%	-0.9%	-0.2%
Operating Activities net Cash From Operating Activities	14.9%	15.6%	12.3%
Investing Activities Capital Expenditures	1.8%	1.8%	1.6%
Investing Activities Business Acquisitions	1.3%	0.9%	4.4%
Investing Activities Other Investing Activities	0.0%	0.1%	0.1%
Investing Activities net Cash From Investing Activities	-3.0%	-2.8%	-6.0%
Financing Activities Proceeds From Debt	0.0%	2.5%	3.6%
Financing Activities Repayment of Debt	0.7%	2.5%	3.9%
Financing Activities Repurchase of Common Stock	6.9%	6.4%	3.5%
Financing Activities Dividends Paid	3.9%	3.8%	3.5%
Financing Activities Proceeds From Stock Issuance	0.1%	0.2%	0.4%
Financing Activities Other Financing Activities	-0.0%	-0.0%	0.0%
Financing Activities net Cash From Financing Activities	-11.7%	-10.0%	-7.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.5%	-0.3%	0.0%
Cash Reconciliation net Change In Cash	0.8%	2.5%	-0.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+18.6%	+17.6%	+16.4%
Net margin	+13.7%	+12.9%	+11.4%
FCF margin	+13.2%	+14.0%	+11.8%
Growth
Revenue CAGR (3y)	+10.1%	+12.0%	+12.4%
Returns
ROE	+34.0%	+34.4%	+28.9%
ROA	+13.6%	+12.7%	+10.4%
ROIC	—	+26.5%	+21.8%
Liquidity
Current ratio	1.25x	1.21x	1.13x
Quick ratio	—	0.77x	0.67x
Leverage
D/E	1.49x	1.70x	1.77x
Interest coverage	17.50x	14.68x	12.34x
Efficiency
Asset turnover	1.00x	0.98x	0.91x
Cash conversion cycle	—	—	—

Valuation

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FY2025 fundamentals · no price

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Trane Technologies

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