Trane Technologies (TT): financials, SEC filings and peers
Trane Technologies (TT) is a building products company in the Industrials sector of the S&P 500, headquartered in Dublin, Ireland.
It was founded in 1871 and joined the S&P 500 on November 17, 2010.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Auto Controls For Regulating Residential & Comml Environments”.
Trane Technologies at a glance
- Revenue (12 months)
- $23.2B
- Revenue growth
- +10.3%
- Operating margin
- 17.9%
- Net income (12 months)
- $3.2B
- Free cash flow (12 months)
- —
- Cash
- —
- Debt
- $4.2B
- Diluted EPS (12 months)
- $14.17
Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Trane Technologies reported revenue of $23.2 billion, up 10.3% from a year earlier.
Its operating margin was 17.9%: for every $100 of sales, about $18 was left as operating profit.
Net income was $3.2 billion (13.6% of revenue), 7.5% higher than a year earlier.
At the end of the period it held not reported in cash and $4.2 billion in debt, a net debt position of $4.2 billion.
The diluted share count fell 1.3% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $12.5 billion in fiscal 2020 to $21.3 billion in fiscal 2025, about 11.4% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 12.3% to 18.6% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $16.0B | $17.7B | $19.8B | $21.3B |
| Revenue growth | 13.5% | 13.1% | 10.5% | 12.2% | 7.5% |
| Operating margin | 14.3% | 15.1% | 16.4% | 17.6% | 18.6% |
| Net income | $1.4B | $1.8B | $2.0B | $2.6B | $2.9B |
| Free cash flow | $1.4B | $1.2B | $2.1B | $2.8B | $2.8B |
| Diluted EPS | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 |
Fiscal years as reported in Trane Technologies’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 29, 2026 — quarterly report
- 8-K filed October 29, 2026 — Earnings results
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results
- 8-K filed July 22, 2026 — Executive or director change
- 8-K filed June 10, 2026 — Executive or director change; Regulation FD disclosure
- 8-K filed June 5, 2026 — Shareholder vote results
- 10-Q filed April 30, 2026 — quarterly report
Companies like Trane Technologies
Other S&P 500 companies in Building Products:
- ALLEAllegionDublin, Ireland
- AOSA. O. SmithMilwaukee, Wisconsin
- CARRCarrier GlobalPalm Beach Gardens, Florida
- JCIJohnson ControlsCork, Ireland
- LIILennox InternationalRichardson, Texas
- MASMascoLivonia, Michigan
More from Industrials
Questions about Trane Technologies
Is Trane Technologies's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $23.2 billion, up 10.3% from a year earlier, according to its SEC filings.
Is Trane Technologies profitable?
Yes. It earned $3.2 billion in net income over the twelve months to September 30, 2026, a net margin of 13.6%.
When did Trane Technologies last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.
Which companies are similar to Trane Technologies?
In the S&P 500, Trane Technologies is grouped in Building Products within the Industrials sector. Allegion (ALLE), A. O. Smith (AOS), Carrier Global (CARR), Johnson Controls (JCI), Lennox International (LII) are in the same group.
Understand the numbers
Source: Trane Technologies’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.