Trane Technologies
Trane Technologies is a global climate innovator that designs, manufactures, and services sustainable solutions for heating, ventilation, air conditioning (HVAC) and transport refrigeration. The company focuses on reducing greenhouse gas emissions through energy-efficient building systems and reliable temperature-controlled cargo delivery. Its value proposition is centered on a sustainability-focused strategy, leveraging a massive global installed base to drive recurring revenue through services and digital controls.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Commercial HVAC
primaryProvides energy-efficient heating, cooling, and ventilation systems, building controls, and energy services for commercial buildings and data centers. This segment focuses on decarbonization programs and indoor air quality assessments.
Trane, Chillers, Air handlers, Building management systems, Variable refrigerant flow systems, Data center liquid cooling solutions
Commercial building owners, Data center operators, Industrial facilities, Healthcare providers
Residential HVAC
majorOffers heating and cooling solutions for the residential market, including air-sourced heat pumps and home automation systems. The business emphasizes hybrid heating and cold-climate efficiency.
Trane, Furnaces, Residential air filters, Geothermal systems, Heat pumps, Thermostats
Homeowners, Residential contractors, Dealers
Transport Refrigeration
majorDelivers temperature control solutions for the transport industry, including truck, trailer, rail, and marine container refrigeration. It includes telematics and asset management systems for cold chain integrity.
Thermo King, Trailer refrigeration systems, Auxiliary power units, Bus air purification systems, Telematics solutions, Cold storage units
Fleet operators, Logistics companies, Food and beverage distributors, Pharmaceutical transporters
Segment Financials
EMEA — Segment Operating Income
View metricAmericas — Segment Operating Income
View metricAmericas — Segment Adjusted EBITDA
View metricEMEA — Segment Adjusted EBITDA
View metricEMEA — Adjusted depreciation and amortization
View metricBusiness Overview
Competitive Position
A global leader in climate control with a dominant position in the North American HVAC and global transport refrigeration markets.
Geographies
North America, Latin America, Europe, Middle East, Africa, Asia Pacific
Customer Segments
Enterprise, Residential, Government, Logistics
Upstream Dependencies
Steel suppliers, Copper and aluminum commodity providers, Electronic component manufacturers, Refrigerant producers
Downstream Customers
Independent distributors, HVAC dealers, Commercial real estate developers, Transportation and logistics fleets
Competitors & Partners
Competitors
Carrier Global
CARR
Direct competitor in HVAC and transport refrigeration
Comfort Systems USA
FIX
Equipment manufacturer that also provides competing MEP services.
EMCOR Group
EME
Competitor in HVAC and building services
Johnson Controls International
JCI
Competitor in building technologies and HVAC
Lennox International
LII
Competitor in residential and commercial HVAC
Partners
Opportunity at Work
Non-profit coalition for skilled talent hiring (STARs)
INSEAD
Executive leadership development partner
Center for Creative Leadership
Leadership development expert
Subsidiaries
Aldrich Pump LLC
Subsidiary involved in asbestos-related Chapter 11 proceedings
Murray Boiler LLC
Subsidiary involved in asbestos-related Chapter 11 proceedings
Trane Technologies FAQ
Common questions about Trane Technologies
Trane Technologies is a global climate innovator that designs, manufactures, and services sustainable solutions for heating, ventilation, air conditioning (HVAC) and transport refrigeration. The company focuses on reducing greenhouse gas emissions through energy-efficient building systems and reliable temperature-controlled cargo delivery. Its value proposition is centered on a sustainability-focused strategy, leveraging a massive global installed base to drive recurring revenue through services and digital controls.
Trane Technologies (TT) has a market capitalization of $99.7B and trades on NYSE.
Trane Technologies generated $21.6B in trailing twelve-month revenue with net income of $2.9B, representing a net margin of 13.4%. Gross margin stands at 35.6%, with free cash flow of $3.1B. These figures are based on the Q1 2026 filing.
Trane Technologies's key competitors include Carrier Global Corporation, Comfort Systems USA, Inc., EMCOR Group, Inc., and others. These companies compete in similar markets and product categories.
Trane Technologies has approximately 40,000 employees.