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

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $21.4B

Total liabilities $12.8B

Shareholders equity $8.6B

Account	2025	2024	2023	2022	2021
Assets
Accounts Receivable	$3.2B 4.7%	$3.1B 4.5%	$3.0B 6.4%	$2.8B 14.4%	$2.4B
Inventory	$2.1B 6.7%	$2.0B -8.4%	$2.2B 7.9%	$2.0B 30.2%	$1.5B
Prepaid Expenses	$760.8M 10.9%	$686.0M 3.0%	$665.7M 73.0%	$384.8M 9.5%	$351.5M
Other Current Assets	$760.8M 10.9%	$686.0M 3.0%	$665.7M 73.0%	$384.8M 9.5%	$351.5M
Total Current Assets	$7.9B 7.2%	$7.3B 6.8%	$6.9B 7.7%	$6.4B -1.4%	$6.5B
Property,Plant and Equipment	$2.3B 11.2%	$2.0B 14.2%	$1.8B 15.4%	$1.5B 9.8%	$1.4B
Goodwill	$6.5B 5.4%	$6.1B 0.5%	$6.1B 10.7%	$5.5B 0.0%	$5.5B
Intangible Assets	$3.2B -2.2%	$3.3B -3.8%	$3.4B 5.4%	$3.3B -1.3%	$3.3B
Other Noncurrent Assets	$1.6B 19.6%	$1.3B 11.0%	$1.2B -13.1%	$1.4B 1.4%	$1.4B
Total Assets	$21.4B 6.3%	$20.1B 3.9%	$19.4B 7.2%	$18.1B 0.1%	$18.1B
Liabilities
Accounts Payable	$2.2B 0.3%	$2.1B 6.1%	$2.0B -3.2%	$2.1B 17.0%	$1.8B
Accrued Liabilities	$2.8B 1.2%	$2.8B 5.9%	$2.6B 31.3%	$2.0B -3.1%	$2.1B
Current Portion of Long Term Debt	$693.0M 53.3%	$452.2M -43.6%	$801.9M -23.5%	$1.0B 199.1%	$350.4M
Other Current Liabilities	$1.4B 20.4%	$1.1B 7.8%	$1.0B -9.6%	$1.2B 0.3%	$1.2B
Total Current Liabilities	$6.3B 3.6%	$6.1B 0.3%	$6.1B 6.4%	$5.7B 19.7%	$4.8B
Long Term Debt	$3.9B -9.2%	$4.3B 8.6%	$4.0B 5.0%	$3.8B -15.7%	$4.5B
Deferred Tax Liabilities	$0 -100.0%	$404.6M -21.2%	$513.2M -2.5%	$526.6M 20.2%	$438.1M
Other Noncurrent Liabilities	$1.4B 20.4%	$1.1B 7.8%	$1.0B -9.6%	$1.2B 0.3%	$1.2B
Total Liabilities	$12.8B 1.3%	$12.7B 2.3%	$12.4B 3.3%	$12.0B 1.6%	$11.8B
Equity
Common Stock	$245.0M -1.6%	$249.0M -1.1%	$251.7M -0.6%	$253.3M -2.5%	$259.7M
Retained Earnings	$10.4B 6.4%	$9.8B 7.2%	$9.1B 9.8%	$8.3B -0.4%	$8.4B
Treasury Stock	$1.6B -4.1%	$1.7B 0.0%	$1.7B 0.0%	$1.7B 0.0%	$1.7B
Accumulated Other Comprehensive Income	$-438.8M 49.2%	$-864.1M -28.8%	$-670.8M 12.5%	$-766.2M -20.2%	$-637.6M
Noncontrolling Interest	$21.7M -26.4%	$29.5M 35.3%	$21.8M 31.3%	$16.6M -3.5%	$17.2M
Total Stockholders Equity	$8.6B 15.0%	$7.5B 6.6%	$7.0B 14.9%	$6.1B -2.7%	$6.3B
Total Liabilitiesand Equity	$21.4B 6.3%	$20.1B 3.9%	$19.4B 7.2%	$18.1B 0.1%	$18.1B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $21.3B

Operating income $4.0B

Net income $2.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$21.3B 7.5%	$19.8B 12.2%	$17.7B 10.5%	$16.0B 13.1%	$14.1B
Expenses Research and Development	$347.6M 12.3%	$309.6M 22.7%	$252.3M 19.5%	$211.2M 9.1%	$193.5M
Expenses Selling,General and Administrative	$3.7B 4.5%	$3.6B 20.8%	$3.0B 16.4%	$2.5B 4.1%	$2.4B
Expenses Depreciation and Amortization	$376.3M -0.8%	$379.4M 9.0%	$348.1M 7.6%	$323.6M 8.1%	$299.4M
Expenses Share Based Compensation	$86.6M 4.5%	$82.9M 28.9%	$64.3M 14.2%	$56.3M -15.3%	$66.5M
Expenses Restructuring and Asset Impairment	$-31.2M -524.0%	$-5.0M -133.1%	$15.1M -27.1%	$20.7M -23.3%	$27.0M
Other Income Expense Operating Income	$4.0B 13.4%	$3.5B 20.9%	$2.9B 19.6%	$2.4B 19.6%	$2.0B
Other Income Expense Interest Expense	$226.7M -4.9%	$238.4M 1.7%	$234.5M 4.9%	$223.5M -4.4%	$233.7M
Other Income Expense Other Income/expense	$-20.9M -4.0%	$-20.1M 70.2%	$-67.5M -1587.5%	$-4.0M -142.6%	$9.4M
Other Income Expense Income Before Tax	$3.7B 13.5%	$3.2B 26.3%	$2.6B 18.2%	$2.2B 21.3%	$1.8B
Income Tax Income Tax Expense	$705.9M 12.5%	$627.6M 25.9%	$498.4M 32.6%	$375.9M 12.7%	$333.5M
net Income net Income	$2.9B 13.7%	$2.6B 26.9%	$2.0B 15.2%	$1.8B 23.4%	$1.4B
net Income Comprehensive Income	$3.3B 40.8%	$2.4B 12.0%	$2.1B 30.2%	$1.6B 14.9%	$1.4B
Earnings Per Share Basic Eps	$13 15.3%	$11 28.2%	$9 17.2%	$8 26.7%	$6
Earnings Per Share Diluted Eps	$13 15.5%	$11 28.2%	$9 17.2%	$7 27.4%	$6
Earnings Per Share Weighted Average Shares Basic	$223.0M -1.4%	$226.2M -1.0%	$228.6M -1.7%	$232.6M -2.6%	$238.7M
Earnings Per Share Weighted Average Shares Diluted	$224.9M -1.5%	$228.4M -1.0%	$230.7M -1.8%	$234.9M -3.1%	$242.3M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $3.2B

Investing cash flow $-640.0M

Financing cash flow $-2.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$2.9B 13.7%	$2.6B 26.9%	$2.0B 15.2%	$1.8B 23.4%	$1.4B
Operating Activities Depreciation and Amortization	$376.3M -0.8%	$379.4M 9.0%	$348.1M 7.6%	$323.6M 8.1%	$299.4M
Operating Activities Stock Based Compensation	$86.6M 4.5%	$82.9M 28.9%	$64.3M 14.2%	$56.3M -15.3%	$66.5M
Operating Activities Deferred Income Taxes	$113.6M 188.0%	$-129.1M -141.3%	$-53.5M -178.9%	$67.8M 369.0%	$-25.2M
Operating Activities Changes In Operating Assets and Liabilities	$82.2M 233.4%	$-61.6M -113.1%	$-28.9M -103.7%	$784.6M 25.7%	$624.1M
Operating Activities Other Non Cash Items	$31.6M 117.7%	$-178.3M -445.3%	$-32.7M -291.2%	$17.1M 147.0%	$-36.4M
Operating Activities net Cash From Operating Activities	$3.2B 1.6%	$3.1B 31.6%	$2.4B 58.9%	$1.5B -5.3%	$1.6B
Investing Activities Capital Expenditures	$383.0M 3.3%	$370.6M 23.2%	$300.7M 3.1%	$291.8M 30.9%	$223.0M
Investing Activities Business Acquisitions	$276.0M 53.1%	$180.3M -79.1%	$862.8M 267.6%	$234.7M -12.8%	$269.2M
Investing Activities Other Investing Activities	$1.6M -90.4%	$16.7M -6.7%	$17.9M -22.2%	$23.0M -66.5%	$68.6M
Investing Activities net Cash From Investing Activities	$-640.0M -13.7%	$-562.9M 52.0%	$-1.2B -116.9%	$-540.4M 1.0%	$-545.7M
Financing Activities Proceeds From Debt	$0 -100.0%	$498.5M -28.7%	$699.2M	$0	$0
Financing Activities Repayment of Debt	$159.1M -68.7%	$507.5M -32.7%	$754.6M 7760.4%	$9.6M -97.8%	$432.5M
Financing Activities Repurchase of Common Stock	$1.5B 15.7%	$1.3B 91.4%	$669.3M -44.2%	$1.2B 9.1%	$1.1B
Financing Activities Dividends Paid	$837.3M 10.5%	$757.5M 10.8%	$683.7M 10.2%	$620.2M 10.5%	$561.1M
Financing Activities Proceeds From Stock Issuance	$12.6M -73.1%	$46.9M -40.9%	$79.3M 2950.0%	$2.6M -96.7%	$78.3M
Financing Activities Other Financing Activities	$-2.0M 13.0%	$-2.3M	$0 100.0%	$-2.0M 95.5%	$-44.9M
Financing Activities net Cash From Financing Activities	$-2.5B -23.5%	$-2.0B -49.6%	$-1.4B 27.1%	$-1.9B 12.9%	$-2.1B
Cash Reconciliation Effect of Exchange Rate On Cash	$114.5M 270.1%	$-67.3M -974.0%	$7.7M 115.4%	$-50.1M -9.6%	$-45.7M
Cash Reconciliation net Change In Cash	$173.2M -65.0%	$494.8M 495.2%	$-125.2M 86.7%	$-938.7M 17.0%	$-1.1B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+18.6%	+17.6%	+16.4%	+15.1%	+14.3%
Net margin	+13.7%	+12.9%	+11.4%	+11.0%	+10.1%
FCF margin	+13.2%	+14.0%	+11.8%	+7.6%	+9.7%
Growth
Revenue CAGR (3y)	+10.1%	+12.0%	+12.4%	+6.9%	+4.6%
Returns
ROE	+34.0%	+34.4%	+28.9%	+28.8%	+22.8%
ROA	+13.6%	+12.7%	+10.4%	+9.7%	+7.9%
ROIC	—	+26.5%	+21.8%	+20.6%	+18.4%
Liquidity
Current ratio	1.25x	1.21x	1.13x	1.12x	1.36x
Quick ratio	—	0.77x	0.67x	0.70x	0.97x
Leverage
D/E	1.49x	1.70x	1.77x	1.97x	1.88x
Interest coverage	17.50x	14.68x	12.34x	10.82x	8.66x
Efficiency
Asset turnover	1.00x	0.98x	0.91x	0.88x	0.78x
Cash conversion cycle	—	—	—	—	—

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FY2025 fundamentals · no price

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Trane Technologies

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