Company financials

Trane Technologies

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

                    Revenue
                    FY2025
                
$21.3B
                    3y CAGR +10.1%
                    
                    P84
                    
                    +7.5%
                    
                    Net income
                    FY2025
                
$2.9B
                    Net margin +13.7%
                    
                    P57
                    
                    +13.7%
                    
                    Total assets
                    FY2025
                
$21.4B
                    ROA +13.6%
                    
                    P80
                    
                    +6.3%
                    
                    Operating cash flow
                    FY2025
                
$3.2B
                    FCF margin +13.2%
                    
                    P55
                    
                    +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 revenue.

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
Cash and Cash Equivalents	8.3%	8.0%	6.2%	7.6%	15.3%
Accounts Receivable	15.2%	15.6%	16.7%	17.4%	17.2%
Inventory	9.9%	9.9%	12.2%	12.5%	10.8%
Other Current Assets	3.6%	3.5%	3.8%	2.4%	2.5%
Total Current Assets	36.9%	37.0%	38.9%	39.9%	45.8%
Property,Plant and Equipment	10.6%	10.2%	10.0%	9.6%	9.9%
Goodwill	30.3%	30.9%	34.5%	34.4%	38.9%
Intangible Assets	15.2%	16.7%	19.5%	20.4%	23.4%
Other Noncurrent Assets	7.6%	6.8%	6.9%	8.7%	9.8%
Total Assets	100.5%	101.6%	109.7%	113.1%	127.8%
Liabilities
Accounts Payable	10.1%	10.8%	11.5%	13.1%	12.6%
Accrued Liabilities	16.1%	17.5%	18.3%	15.9%	18.5%
Current Portion of Long Term Debt	3.3%	2.3%	4.5%	6.6%	2.5%
Total Current Liabilities	29.5%	30.6%	34.2%	35.6%	33.6%
Long Term Debt	18.4%	21.8%	22.5%	23.7%	31.8%
Deferred Tax Liabilities	3.4%	3.0%	4.0%	4.3%	4.1%
Other Noncurrent Liabilities	8.9%	8.5%	9.3%	11.4%	13.9%
Total Liabilities	60.1%	63.8%	70.0%	74.9%	83.4%
Equity
Common Stock	1.1%	1.3%	1.4%	1.6%	1.8%
Retained Earnings	48.9%	49.4%	51.7%	52.0%	59.1%
Treasury Stock	7.7%	8.7%	9.7%	10.8%	12.2%
Accumulated Other Comprehensive Income	-2.1%	-4.4%	-3.8%	-4.8%	-4.5%
Other Equity	0.0%	0.0%	0.0%	0.0%	—
Total Stockholders Equity	40.2%	37.6%	39.6%	38.1%	44.3%
Noncontrolling Interest	0.1%	0.1%	0.1%	0.1%	0.1%
Total Liabilitiesand Equity	100.5%	101.6%	109.7%	113.1%	127.8%

Income Statement

Revenue, expense, and profitability

10 accounts · 5 years

Revenue $21.3B

Operating income $4.0B

Net income $2.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	17.6%	18.0%	16.8%	15.9%	17.3%
Other Income Expense Operating Income	18.6%	17.6%	16.4%	15.1%	14.3%
Other Income Expense Interest Expense	1.1%	1.2%	1.3%	1.4%	1.7%
Income Tax Income Tax Expense	3.3%	3.2%	2.8%	2.4%	2.4%
net Income Other Items Below Tax	-0.7%	-0.5%	-0.9%	-0.4%	-0.4%
net Income net Income	13.7%	12.9%	11.4%	11.0%	10.1%
net Income Comprehensive Income	15.7%	12.0%	12.0%	10.2%	10.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

21 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	13.8%	13.1%	11.5%	11.1%	10.2%
Operating Activities Depreciation and Amortization	1.8%	1.9%	2.0%	2.0%	2.1%
Operating Activities Stock Based Compensation	0.4%	0.4%	0.4%	0.4%	0.5%
Operating Activities Changes In Operating Assets and Liabilities	-1.3%	1.2%	-0.4%	-3.4%	-1.7%
Operating Activities Other Non Cash Items	0.2%	-0.7%	0.0%	-0.6%	0.1%
Operating Activities net Cash From Operating Activities	15.0%	15.9%	13.5%	9.4%	11.2%
Investing Activities Capital Expenditures	-1.8%	-1.9%	-1.7%	-1.8%	-1.6%
Investing Activities Business Acquisitions	-1.3%	-0.9%	-4.9%	-1.5%	-1.9%
Investing Activities Purchases of Investments	0.0%	-2.3%	0.0%	0.0%	—
Investing Activities Proceeds From Sale of Investments	0.0%	2.3%	0.0%	0.0%	—
Investing Activities Other Investing Activities	0.1%	-0.1%	-0.0%	-0.1%	-0.4%
Investing Activities net Cash From Investing Activities	-3.0%	-2.8%	-6.6%	-3.4%	-3.9%
Financing Activities Proceeds From Debt	0.0%	2.5%	4.0%	0.0%	0.0%
Financing Activities Repayment of Debt	-0.7%	-2.6%	-4.3%	-0.1%	-3.1%
Financing Activities Repurchase of Common Stock	-6.9%	-6.5%	-3.8%	-7.5%	-7.8%
Financing Activities Dividends Paid	-4.1%	-3.9%	-3.9%	-4.0%	-4.1%
Financing Activities Proceeds From Stock Issuance	0.1%	0.2%	0.4%	0.0%	0.6%
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%	0.0%	-0.7%
Financing Activities net Cash From Financing Activities	-11.7%	-10.2%	-7.6%	-11.6%	-15.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.5%	-0.3%	0.0%	-0.3%	-0.3%
Cash Reconciliation net Change In Cash	0.8%	2.5%	-0.7%	-5.9%	-8.0%

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	+34.7%	+32.9%	+27.1%	+20.6%	+18.4%
Liquidity
Current ratio	1.25x	1.21x	1.13x	1.12x	1.36x
Quick ratio	0.80x	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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Trane Technologies

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