Income StatementBalance SheetCash FlowSegments
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Trane Technologies Income Statement

Revenue, expenses, and profitability over time

Trane Technologies generated $21.6B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $2.9B with a 13.42% net margin. Gross margin stands at 35.57% and operating margin at 18.17%. Diluted EPS is $12.93, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$21.6BGross Profit (TTM)$4.4BOperating Income (TTM)$3.9BNet Income (TTM)$2.9BEps Diluted (TTM)$12.94
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$99.7B
P/E Ratio34.40
ROE36.04%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M
Share-Based Compensation Expense$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M
Stock-based compensation expense$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M
Selling, general and administrative$903.2M$858.6M$996.4M$952.9M$934.9M$952.0M
Share-Based Compensation$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share from continuing operations$2.7$2.7$3.9$3.9$2.8$2.7
Diluted earnings per share from continuing operations$2.7$2.7$3.9$3.8$2.7$2.7
Diluted earnings per share from discontinued operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
EPS from Discontinued Operations, Diluted-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Basic EPS from Continuing Operations$2.7$2.7$3.9$3.9$2.8$2.7
Diluted EPS from Continuing Operations$2.7$2.7$3.9$3.8$2.7$2.7
EPS from Continuing Operations$2.7$2.7$3.9$3.8$2.7$2.7
Diluted EPS from Discontinued Operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Diluted EPS from continuing operations$2.7$2.7$3.9$3.8$2.7$2.7
Basic earnings per share$2.68$2.70$3.92$3.81$2.67$2.64
Basic EPS from discontinued operations$-0.02$-0.04$0.02$-0.04$-0.09$-0.04
Diluted earnings per share$2.65$2.67$3.89$3.78$2.65$2.62
Continuing operations (in dollars per share)$2.70$2.74$3.90$3.85$2.76$2.68
Continuing operations (in dollars per share)$2.67$2.71$3.87$3.82$2.74$2.66
Discontinued operations (in dollars per share)$-0.02$-0.04$0.02$-0.04$-0.09$-0.04
EPS from Continuing Operations$2.7$2.7$3.9$3.9$2.8$2.7
Basic EPS from Continuing Operations$2.7$2.7$3.9$3.9$2.8$2.7
Diluted EPS from Continuing Operations$2.7$2.7$3.9$3.8$2.7$2.7
Diluted EPS from Discontinued Operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Basic EPS from continuing operations$2.7$2.7$3.9$3.9$2.8$2.7
Diluted EPS from continuing operations$2.7$2.7$3.9$3.8$2.7$2.7
Diluted EPS from discontinued operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Diluted EPS from Continuing Operations$2.7$2.7$3.9$3.9$2.8$2.7
Diluted EPS from Discontinued Operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
EPS - Discontinued Operations (Diluted)-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Diluted EPS from discontinued operations-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
EPS from continuing operations$2.7$2.7$3.9$3.8$2.7$2.7
Discontinued operations per diluted share-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Basic EPS from continuing operations$2.7$2.7$3.9$3.9$2.8$2.7
EPS from Discontinued Operations (Diluted)-$0.0-$0.0$0.0-$0.0-$0.1-$0.0
Weighted-average shares, basic—224.4M223.2M222.6M—221.6M
Weighted-average shares, diluted—226.4M225.1M224.4M—223.1M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Cash Paid for Interest$58.3M$55.5M$55.5M$55.5M$55.5M—
Other non-cash income (expense)—$67.5M$23.7M$3.0M—$3.5M
Interest expense$59.9M$58.1M$57.4M$55.6M$55.6M$55.6M
Change in Accounts Payable$25.2M-$650.0K-$650.0K-$650.0K-$650.0K—
Other Non-Cash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Other income (expense), net—-$7.9M-$14.1M-$18.0M-$22.1M$15.3M
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

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures—$118.9M$89.9M$68.4M—$79.7M
Change in Other Liabilities$79.6M$43.0M$43.0M$43.0M$43.0M—
Income Taxes Paid, Net$179.3M$161.8M$161.8M$161.8M$161.8M—
Interest Paid, Net$58.3M$55.5M$55.5M$55.5M$55.5M—
Net cash provided by operating activities from the Prepaid Business-$5.6M-$6.0M-$5.9M-$6.6M-$7.4M-$10.0M
Depreciation, Amortization and Accretion, Net$96.7M$99.1M$98.1M$88.3M$90.8M$101.1M
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$607.7M$613.8M$871.9M$857.0M$612.9M$594.4M
Income Taxes Paid, Net$179.3M$161.8M$161.8M$161.8M$161.8M—
Accounts payable$25.2M-$650.0K-$650.0K-$650.0K-$650.0K—
Increase (Decrease) in Inventories-$40.6M$21.2M$21.2M$21.2M$21.2M—
Increase (Decrease) in Other Operating Assets$40.6M$76.2M$76.2M$76.2M$76.2M—
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$331.2M$281.8M——$92.5M
Other liabilities$79.6M$43.0M$43.0M$43.0M$43.0M—
Interest Paid, Excluding Capitalized Interest, Operating Activity$58.3M$55.5M$55.5M$55.5M$55.5M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$1.0B-$723.1M-$757.8M-$576.2M-$438.7M-$546.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$385.1M-$100.9M-$68.6M-$85.4M-$755.7M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$899.9M$339.5M$692.1M$1.0B$1.2B$626.2M
Net Cash Provided By Used In Operating Activities Continuing Operations$905.5M$345.5M$698.0M$1.0B$1.2B$636.2M
Other Noncash Income (Expense)—$67.5M$23.7M$3.0M—$3.5M
Payment for (Proceeds from) Other Investing Activity$4.7M$900.0K$800.0K—$200.0K$7.8M
Payments for Repurchase of Common Stock$354.7M$477.5M$402.1M$370.4M$231.3M$287.3M
Payments of Ordinary Dividends, Common Stock$188.7M$209.9M$210.1M$209.1M$208.2M$231.5M
Payments to Acquire Businesses, Net of Cash Acquired$700.0K$265.3M$10.2M$500.0K$0.0$668.2M
Payments to Acquire Property, Plant, and Equipment—$118.9M$89.9M$68.4M—$79.7M
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash$9.6M$4.9M$4.2M$4.2M$21.5M$4.8M
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
Repayments of Long-Term Debt$500.0M$0.0$157.3M$0.0$1.8M$400.0M
Revenue From Contract With Customer Excluding Assessed Tax$4.9B$4.7B$5.7B$5.7B$5.1B$5.0B
Stock-based compensation$19.3M$22.2M$25.2M$19.9M$19.3M$26.8M
Cash Dividends, Common Stock$188.7M$209.9M$210.1M$209.1M$208.2M$231.5M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$179.3M$161.8M$161.8M$161.8M$161.8M—
Income Taxes Paid, Net$179.3M$161.8M$161.8M$161.8M$161.8M—
Income tax expense$135.3M$134.9M$216.7M$231.5M$122.8M$136.3M
Income Taxes Paid, Net$179.3M$161.8M$161.8M$161.8M$161.8M—
Income and Other Taxes$179.3M$161.8M$161.8M$161.8M$161.8M—

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$188.7M$209.9M$210.1M$209.1M$208.2M$231.5M
Income from discontinued operations-$3.4M-$8.9M$2.9M-$9.4M-$21.6M-$10.0M
Net income$604.3M$604.9M$874.8M$847.6M$591.3M$584.4M
Income from Continuing Operations Attributable to Common Shareowners$2.7$2.7$3.9$3.8$2.7$2.7
Common Stock Dividends$188.7M$209.9M$210.1M$209.1M$208.2M$231.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit—$1.7B$2.2B$2.1B—$1.7B
Operating income$807.6M$818.9M$1.2B$1.2B$819.0M$776.1M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue—$3.0B$3.6B$3.6B—$3.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$4.9B$4.7B$5.7B$5.7B$5.1B$5.0B