Stock research

Trane Technologies plc (TT) Stock Research

Trane Technologies makes heating, cooling, and climate-control systems for buildings and transport.

For the fiscal year ended December 31, 2025, Trane Technologies plc reported revenue of $21.3B and net income of $2.9B, with operating cash flow of $3.2B. Source: Form 10-K filed February 5, 2026

SEC data as of

Revenue
$21.3B
FY ending 2025-12-31
Net income
$2.9B
FY ending 2025-12-31
Diluted EPS
$12.98
Net margin
13.7%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Trane Technologies

Exchange
NYSE: TT
Sector
Industrials
SEC industry
Auto Controls For Regulating Residential & Comml Environments (SIC 3822)
Fiscal year end
December 31

TT key financials

Reported figures from Trane Technologies plc's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$21.3B2025-01-01 – 2025-12-31SEC filing
Net income$2.9B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$3.2B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$12.982025-01-01 – 2025-12-31SEC filing
Net margin13.7%2025-01-01 – 2025-12-31SEC filing
Shares outstanding221MAs of 2026-01-30SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in TT

Trane Technologies plc sits in Industrials. Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy. We have not yet written company-specific drivers for TT; the forces that matter most for the sector are:

  • ◆Capital-spending and manufacturing PMIs
  • ◆Reshoring and supply-chain reconfiguration
  • ◆Defense budgets and geopolitical conflict
  • ◆Freight rates and logistics demand

Key questions for the TT thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does TT's reported profit turn into cash?

Operating cash flow was $3.2B, 1.09 times net income of $2.9B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 5, 2026

How much of TT's revenue is left as profit?

Net income was 13.7% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 5, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in TT

PoliticianTrade dateTypeOwnerAmountSource
Alan Armstrong2026-03-27SaleSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Valerie Hoyle2025-09-23SaleSpouse$1,001 - $15,000Filing #20032211
Jefferson Shreve2025-05-12SaleSelf$50,001 - $100,000Filing #20030387
Jefferson Shreve2025-04-07PurchaseSelf$50,001 - $100,000Filing #20030231
Jefferson Shreve2025-03-05SaleSelf$15,001 - $50,000Filing #20029038
Josh Gottheimer2025-01-30SaleJoint$1,001 - $15,000Filing #20026732
Josh Gottheimer2025-01-23SaleJoint$1,001 - $15,000Filing #20026732
Josh Gottheimer2024-12-23SaleJoint$1,001 - $15,000Filing #20026533
Josh Gottheimer2024-12-05SaleJoint$1,001 - $15,000Filing #20026533
Valerie Hoyle2024-10-29PurchaseSpouse$1,001 - $15,000Filing #20032070

All verified TT congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

TT — frequently asked questions

What does Trane Technologies plc do?

Trane Technologies makes heating, cooling, and climate-control systems for buildings and transport.

What were TT's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Trane Technologies plc reported revenue of $21.3B and net income of $2.9B, with operating cash flow of $3.2B. The figures come from Trane Technologies plc's SEC XBRL filings.

When does Trane Technologies plc's fiscal year end?

The SEC lists Trane Technologies plc's fiscal year end as December 31.

Do members of Congress trade TT?

The current verified House and Senate snapshot contains 10 transaction rows for TT, each linked to the original filing.

Is TT a good investment?

This page does not rate TT as a buy or sell. It sets out what Trane Technologies plc reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the TT numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included