Income StatementBalance SheetCash FlowSegments
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Trane Technologies Business Segments

Business, geographic, and product segment breakdowns

Trane Technologies generates $21.6B in annual revenue across 3 key segments: Americas ($10.9B), Asia Pacific ($816.4M), and EMEA ($1.9B). The company-wide operating margin is 18.17%. Based on the Q1 2026 filing.

Americas (TTM)$10.9BAsia Pacific (TTM)$816.4MEMEA (TTM)$1.9B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$99.7B
P/E Ratio34.40
ROE36.04%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net revenues$1.6B$1.5B$1.9B$2.1B$1.8B$1.7B
Cost of Product and Service Sold$957.5M$1.0B$1.0B$1.0B$1.0B—

Geographic

Adjusted depreciation and amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$523.6M-$79.1M-$76.3M-$69.0M$518.9M-$73.0M
EMEA$75.9M-$10.7M-$12.0M-$10.5M$77.3M-$11.4M
Asia Pacific$31.2M-$4.0M-$4.6M-$3.5M$28.0M-$3.7M

Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$2.6B$2.7B$2.7B$2.7B$2.7B—
Asia Pacific$210.8M$204.1M$204.1M$204.1M$204.1M—
EMEA$410.5M$463.0M$463.0M$463.0M$463.0M—

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$2.5B$2.4B$2.9B$2.9B—$2.6B
EMEA$458.6M$375.1M$460.9M$485.3M—$438.4M
Asia Pacific$231.0M$193.0M$209.6M$198.6M—$201.9M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$4.8B$4.9B$4.9B$4.9B$4.9B$5.5B
EMEA$821.6M$877.9M$952.0M$947.7M$950.5M$938.5M
Asia Pacific$537.2M$540.1M$546.7M$549.5M$557.4M$562.8M

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas—$169.4M$100.0K——$510.7M
EMEA$0.0$21.3M$1.3M$0.0$200.0K$11.8M
Asia Pacific$0.0$0.0$0.0$0.0$0.0$0.0

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA-$62.0M$35.0M$72.8M$0.0$2.1M-$23.8M
Asia Pacific-$20.6M$2.9M$6.6M$2.8M$7.9M$5.4M
Americas-$4.6M$1.6M$10.3M—$3.5M-$3.7M

Goodwill, Other Increase (Decrease)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas-$550.0K-$300.0K-$300.0K-$300.0K-$300.0K—
Asia Pacific$0.0$0.0$0.0$0.0$0.0—
EMEA$450.0K-$450.0K-$450.0K-$450.0K-$450.0K—

Net revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$3.8B$3.8B$4.7B$4.7B$4.0B$4.0B
EMEA$690.2M$573.5M$707.9M$749.6M$771.1M$639.5M
Asia Pacific$381.3M$314.3M$346.2M$329.6M$360.9M$331.5M

Other Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$200.0K$300.0K$1.5M-$900.0K-$1.4M$1.6M
EMEA$0.0-$2.0M-$5.2M-$1.0M-$1.9M-$1.1M
Americas-$3.9M-$2.2M-$3.8M-$9.6M-$4.5M$1.0M

Payments to Acquire Productive Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$61.2M$65.9M$65.9M$65.9M$65.9M—
Asia Pacific$4.0M$1.8M$1.8M$1.8M$1.8M—
EMEA$9.2M$7.8M$7.8M$7.8M$7.8M—

Segment Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$741.4M$753.5M$1.1B$1.1B$757.3M$791.0M
EMEA$130.4M$92.1M$129.5M$157.4M$133.9M$86.5M
Asia Pacific$100.9M$70.8M$80.8M$76.8M$94.9M$78.5M

Segment Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$759.8M$859.8M$859.8M$859.8M$859.8M—
Asia Pacific$77.2M$77.0M$77.0M$77.0M$77.0M—
EMEA$118.2M$119.7M$119.7M$119.7M$119.7M—

Segment Operating Income As a Percentage Of Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas66930000000.0%67660000000.0%105280000000.0%101800000000.0%—71700000000.0%
EMEA11900000000.0%8340000000.0%12270000000.0%14790000000.0%—7620000000.0%
Asia Pacific9610000000.0%6650000000.0%7470000000.0%7420000000.0%—7320000000.0%

Selling, General and Administrative Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$666.2M$687.2M$729.7M$718.1M$686.4M$687.8M
EMEA$112.6M$115.0M$124.3M$116.4M$115.8M$124.9M
Asia Pacific$54.2M$54.8M$61.9M$56.8M$53.0M$56.4M

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non Us$691.1M———$989.0M—