MARKETS / NYSE / Health care / Medical devices and instruments / TT

NYSE · AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENTS · LARGE CAP

Trane Technologies PLC TT

19 fiscal years on record · USD · FY2025 reported · SEC filings only

5 YEARS OF DIVIDEND GROWTH

Revenue

$21.3B

▲ 7.5% YoY

Net income

$2.9B

▲ 13.7% YoY

Free cash flow

$2.8B

▲ 1.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Trane Technologies plc generates revenue primarily through the design, manufacture, sale and service of solutions for heating, ventilation and air conditioning, transport refrigeration, and custom refrigeration. Approximately 25% of its net revenues in 2025 came from outside the U.S., and it sold products in approximately 100 countries. As of December 31, 2025, it employed approximately 44,000 people in 62 countries, including over 16,000 employees outside of the United States. In 2025, it spent $347.6 million on research and development focused on product and system sustainability improvements. The company operates under three reportable segments. The Americas segment, serving customers in North America and Latin America, encompasses commercial heating, cooling and ventilation systems, building controls, energy services, residential heating and cooling, and transport refrigeration systems, and had net revenues of $17,168.8 million in 2025. Trane Technologies plc is a public limited company incorporated in Ireland in 2009.

Written from the business description in TRANE TECHNOLOGIES PLC's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth

USD 21.3B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 21.3 · Net income 2.9

10B20B-1B-2B

2007201020132016201920222025

Compound annual growth

Revenue

+10.1%

+11.4%

+4.8%

+2.8%

Net income

+18.4%

+27.8%

+15.9%

+10.6%

EPS, diluted

+20.2%

+29.8%

+18.0%

+13.7%

Dividend / share

+11.9%

+12.1%

+12.5%

+18.9%

Returned to shareholders

+8.3%

+27.2%

+16.7%

+24.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.4% a year over the five years to FY2025 — but profit grew faster: net income at +27.8%, earnings per share at +29.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 18.6% · Net 13.8%

20%40%-5%-10%-15%

200720162025

ROE

FY2025 · ROE 36.4%

20%40%-10%-20%-30%

200720162025

Three returns, three denominators.

Return on equity36.4%

Return on assets14.1%

Return on capital employed27.2%

Gross margin·

Operating margin18.6%

Net margin13.8%

EBITDAUSD 4.3B

Each USD of equity produced 36 cents of profit this year.

Cash & shareholders

USD 2.3B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 2.8

1B2B

200720162025

Net buybacks $B Dividends $B

FY2025 · Dividends 0.8 · Net buybacks 1.5

1B2BDividendsNet buybacks

2007201020132016201920222025

Dividends paidUSD 837.3M

Net buybacksUSD 1.5B

Share of profit79.0%

Consecutive raises5 years

USD 837.3M in dividends and USD 1.5B in buybacks — 79% of the year's profit went back to shareholders.

Total assetsUSD 21.4B

EquityUSD 8.6B

CashUSD 1.8B

Gross debtUSD 4.6B

Net debtUSD 2.9B

Current ratio1.25×

Net debt stands at 33% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

TT, 19-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	21.3	19.8	17.7	16.0	14.1	12.5	13.1	12.3	14.2	13.5	13.3	12.9	12.4	12.0	12.8	14.0	13.0	13.0	8.8
Operating income $B	4.0	3.5	2.9	2.4	2.0	1.5	1.7	1.5	1.7	1.6	1.5	1.4	1.1	1.1	0.4	1.3	0.9	−2.5	1.1
EBITDA $B	4.3	3.9	3.2	2.7	2.3	1.8	2.0	1.8	2.0	2.0	1.9	1.7	1.4	1.4	0.8	1.7	1.3	−2.3	◌
Income tax $B	0.7	0.6	0.5	0.4	0.3	0.3	0.2	0.2	0.1	0.3	0.5	0.3	0.2	0.1	0.0	0.2	0.1	−0.2	0.2
Net income $B	2.9	2.6	2.0	1.8	1.4	0.9	1.4	1.3	1.3	1.5	0.7	0.9	0.6	1.0	0.3	0.6	0.5	−2.6	4.0
Free cash flow $B	2.8	2.8	2.1	1.2	1.4	1.3	1.7	1.1	1.3	1.3	0.6	0.7	0.8	1.0	1.0	0.5	1.6	0.1	0.7
EPS, diluted $	12.98	11.24	8.77	7.48	5.87	3.52	5.77	5.35	5.05	5.65	2.48	3.40	2.07	3.28	1.01	1.89	1.37	−8.73	13.43
Dividend / sh $	3.76	3.36	3.00	2.68	2.36	2.12	2.12	1.96	1.70	1.16	1.16	1.00	0.63	0.69	0.59	0.28	0.50	0.72	0.72
Payout %	29	29	34	35	39	59	36	36	33	24	46	28	40	19	40	14	36	−8	5
ROE %	36.4	35.5	30.9	28.5	22.5	12.5	19.7	18.9	18.9	23.7	11.3	14.3	8.7	14.5	4.6	8.5	6.6	−35.8	49.6
Shares out B	◌	0.00	0.00	0.25	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	0.33	0.32	0.37	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

MCK · COR · CAH · JNJ · HCA · LLY

Provenance

Company facts, as filed

How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityAuto Controls For Regulating Residential & Comml Environments

Listed onNYSE

Incorporated inoutside the United States — SEC code L2

Fiscal year endsDecember 31

Data on record since2007

Trane Technologies PLC TT

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 19-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders