Trane Technologies (TT) financials
Trane Technologies revenue and earnings by year
Trane Technologies's revenue was $21.3 billion in the fiscal year to December 31, 2025, up 7.5% from the year before. Net income was $2.92 billion, 13.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.3 | 19.8 | 17.7 | 16.0 | 14.1 | 12.5 | 13.1 | 12.3 | 14.2 | 13.5 |
| Revenue growth | 7.5% | 12.2% | 10.5% | 13.1% | 13.5% | -4.8% | 5.9% | -13.1% | 5.1% | — |
| Gross profit | 7.7 | 7.1 | 5.9 | 5.0 | 4.5 | 3.8 | 4.0 | 3.8 | 4.4 | 4.2 |
| Gross margin | 36.2% | 35.7% | 33.1% | 31.0% | 31.6% | 30.5% | 30.5% | 30.5% | 30.9% | 31.1% |
| Operating income | 3.9 | 3.5 | 2.8 | 2.4 | 2.0 | 1.5 | 1.6 | 1.5 | 1.7 | 1.6 |
| Operating margin | 18.3% | 17.5% | 15.8% | 15.0% | 14.3% | 12.3% | 12.6% | 12.2% | 11.7% | 11.9% |
| Net income | 2.9 | 2.6 | 2.0 | 1.8 | 1.4 | 0.9 | 1.4 | 1.3 | 1.3 | 1.5 |
| Net margin | 13.7% | 12.9% | 11.4% | 11.0% | 10.1% | 6.9% | 10.8% | 10.8% | 9.2% | 10.9% |
| Diluted EPS | $12.98 | $11.24 | $8.77 | $7.48 | $5.87 | $3.52 | $4.47 | $4.15 | $3.91 | $4.38 |
| Free cash flow | 2.8 | 2.8 | 2.1 | 1.2 | 1.4 | 1.3 | 1.7 | 1.1 | 1.3 | 1.3 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open TT in Markets.
See also: TT valuation and P/E history · TT returns
No forecast, no recommendation. This page describes Trane Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.