Income StatementBalance SheetCash FlowSegments
Trane Technologies logo

Trane Technologies Cash Flow Statement

Operating, investing, and financing cash movements

Trane Technologies generated $3.5B in operating cash flow over the trailing twelve months. After $343.8M in capital expenditures, free cash flow was $3.1B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.5BNet Cash From Investing (TTM)-$1.0BNet Cash From Financing (TTM)-$2.3BCapital Expenditures (TTM)$343.8MDepreciation And Amortization Cf (TTM)$378.3MNet Change In Cash (TTM)$213.7M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$99.7B
P/E Ratio34.40
ROE36.04%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)—$67.5M$23.7M$3.0M—$3.5M
Change in accounts payable$25.2M-$650.0K-$650.0K-$650.0K-$650.0K—
Change in inventories-$40.6M$21.2M$21.2M$21.2M$21.2M—
Change in other assets$40.6M$76.2M$76.2M$76.2M$76.2M—
Change in other liabilities$79.6M$43.0M$43.0M$43.0M$43.0M—
Other working capital changes-$248.4M$331.2M$281.8M——$92.5M
Change in receivables$45.2M$15.3M$15.3M$15.3M$15.3M—
Depreciation and amortization$96.7M$99.1M$98.1M$88.3M$90.8M$101.1M
Income (Loss) from Discontinued Operations-$3.4M-$8.9M$2.9M-$9.4M-$21.6M-$10.0M
Pension and Other Postretirement Benefits Expense Reversal$9.6M$4.9M$4.2M$4.2M$21.5M$4.8M
Income (Loss) from Discontinued Operations-$3.4M-$8.9M$2.9M-$9.4M-$21.6M-$10.0M
Other Non-Cash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Other Non-cash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Other Non-cash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Net cash from operating activities$899.9M$339.5M$692.1M$1.0B$1.2B$626.2M
Net income$611.9M$609.1M$878.9M$850.8M$596.9M$589.5M
Other non-cash income (expense)—$67.5M$23.7M$3.0M—$3.5M
Net cash provided by operating activities from discontinued operations-$5.6M-$6.0M-$5.9M-$6.6M-$7.4M-$10.0M
Net income from discontinued operations-$3.4M-$8.9M$2.9M-$9.4M-$21.6M-$10.0M
Increase (Decrease) in Accounts and Notes Receivable$45.2M$15.3M$15.3M$15.3M$15.3M—
Increase (Decrease) in Other Operating Assets$40.6M$76.2M$76.2M$76.2M$76.2M—
Other Noncash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Pension and other postretirement income$9.6M$4.9M$4.2M$4.2M$21.5M$4.8M
Other Non-cash Income and Expense—$67.5M$23.7M$3.0M—$3.5M
Other Non-Cash Adjustments—$67.5M$23.7M$3.0M—$3.5M
Other Non-Cash Income and Expense—$67.5M$23.7M$3.0M—$3.5M
Stock-based compensation$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M
Loss from Discontinued Operations-$3.4M-$8.9M$2.9M-$9.4M-$21.6M-$10.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$700.0K$265.3M$10.2M$500.0K$0.0$668.2M
Capital expenditures$125.6M$118.9M$89.9M$68.4M$105.8M$79.7M
Net cash used for investing activities from discontinued operations0.0%—————
Payment for (Proceeds from) Other Investing Activity$4.7M$900.0K$800.0K—$200.0K$7.8M
Payments to Acquire Short-Term Investments$112.5M$0.0$0.0$0.0$0.0—
Proceeds from maturities of short-term investments$112.5M$0.0$0.0$0.0$0.0—
Net cash from investing activities—-$385.1M-$100.9M-$68.6M-$85.4M-$755.7M
Proceeds from maturities/sales of investments$112.5M$0.0$0.0$0.0$0.0—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash from operating activities — discontinued operations-$8.0M-$6.5M-$6.5M-$6.5M-$6.5M—
Effect of exchange rate changes on cash-$73.1M$39.1M$80.3M$0.0$2.7M-$13.6M
Net increase (decrease) in cash$120.1M-$729.6M-$86.3M$351.6M$637.5M-$689.1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$500.0M$0.0$157.3M$0.0$1.8M$400.0M
Distributions to noncontrolling interests$0.0$7.6M$10.5M$4.4M$4.2M$3.7M
Dividends paid$188.7M$209.9M$210.1M$209.1M$208.2M$231.5M
Netproceedsfromsharesissuedunderincentiveplans—-$28.1M—$7.7M—-$22.2M
Proceeds from (Repayments of) Debt-$500.0M$0.0-$157.3M$0.0-$1.8M-$1.3M
Proceeds from (Repayments of) Short-Term Debt$0.0$0.0———$398.7M
Net cash from financing activities-$1.0B-$723.1M-$757.8M-$576.2M-$438.7M-$546.0M
Repurchases of common stock$354.7M$477.5M$402.1M$370.4M$231.3M$287.3M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries$0.0$0.0———$398.7M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$774.3M$220.6M$602.2M$935.6M$1.1B$546.5M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$179.3M$161.8M$161.8M$161.8M$161.8M—
Interest paid$58.3M$55.5M$55.5M$55.5M$55.5M—
Income Taxes Paid, Net$179.3M$161.8M$161.8M$161.8M$161.8M—