Service — Net revenues
Trane Technologies Service — Net revenues decreased by 11.5% to $1.84B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.6%, from $1.63B to $1.84B. Over 3 years (FY 2021 to FY 2025), Service — Net revenues shows an upward trend with a 16.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals a growing installed base, higher service contract penetration, or improved pricing power within the aftermarket segment.
Detailed definition
This metric captures the total gross revenue generated specifically from the service, maintenance, and aftermarket parts...
Peer comparison
Comparable to 'Service Revenue' or 'Aftermarket Revenue' reported by diversified industrial manufacturers with large installed equipment bases.
tt_segment_service_net_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.16B | $1.16B | $1.16B | $1.42B | $1.20B | $1.44B | $1.62B | $1.44B | $1.38B | $1.68B | $1.84B | $1.63B | $1.52B | $1.91B | $2.07B | $1.84B |
| QoQ Change | — | +0.0% | +0.0% | +22.5% | -15.7% | +20.4% | +12.5% | -11.4% | -4.4% | +22.1% | +9.6% | -11.4% | -7.0% | +26.0% | +8.5% | -11.5% |
| YoY Change | — | — | — | +22.5% | — | — | +14.2% | — | +14.7% | +16.3% | +13.4% | +13.4% | +10.3% | +13.9% | +12.8% | +12.6% |
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Frequently Asked Questions
- What is Trane Technologies's service — net revenues?
- Trane Technologies (TT) reported service — net revenues of $1.84B in Q4 2025.
- How has Trane Technologies's service — net revenues changed year-over-year?
- Trane Technologies's service — net revenues increased by 12.6% year-over-year, from $1.63B to $1.84B.
- What is the long-term trend for Trane Technologies's service — net revenues?
- Over 3 years (2021 to 2025), Trane Technologies's service — net revenues has grown at a 16.5% compound annual growth rate (CAGR), from $4.64B to $7.34B.
- What does service — net revenues mean?
- The total revenue earned from providing maintenance, repairs, and parts for installed equipment.