What is Trane Technologies's market cap?

Trane Technologies (TT) has a market capitalization of $104.40B and trades on NYSE.

What is Trane Technologies's revenue and profitability?

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 31.8%, with free cash flow of $3.1B. These figures are based on the Q1 2026 filing.

Who are Trane Technologies's competitors?

Trane Technologies's key competitors include Carrier Global Corporation, Lennox International, Johnson Controls International, and others. These companies compete in similar markets and product categories.

Who does Trane Technologies partner with?

Trane Technologies's notable partners include Opportunity at Work, INSEAD, Center for Creative Leadership.

What subsidiaries does Trane Technologies have?

Trane Technologies's subsidiaries include Trane, Thermo King, Aldrich Pump LLC, and others.

Where is Trane Technologies headquartered?

Trane Technologies is headquartered in Ireland and employs approximately 40,000 people. It has been publicly traded since 1948.

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.

Market cap

$104.4B+7.0%

Revenue$21.6B+6.4%

Net income$2.9B+5.9%

Free cash flow$3.1B+10.8%

EPS (diluted)$12.94+7.7%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$5.0BBeat by $154.5M EPS$2.63Beat by $0.10

Read the full report

Next report

Jul 29, 2026 (In 2 weeks)

Revenue estimate$6.2B

EPS estimate$4.25

Financials

Q1 2026

Income statement

See full

Revenue$5.0B+6.0%

Gross profit$1.7B+3.0%

Operating income$776.1M-5.2%

Net income$584.4M-3.4%

EPS (diluted)$2.62-1.9%

Balance sheet

See full

Total debt$3.9B-17.8%

Total equity$8.6B+14.7%

Total assets$22.8B+13.1%

Cash flow

See full

Operating cash flow$626.2M+84.4%

CapEx$79.7M-33.0%

Free cash flow$546.5M+148%

Valuation & ratios

Valuation

See full

Market cap$104.4B+7.0%

P/E36×+1.9×

P/S4.8×+0.1×

Profitability

See full

Operating margin18.2%0.0pp

Net margin13.4%-0.1pp

FCF margin14.5%+0.6pp

Returns & leverage

See full

Return on equity36%-2.0pp

Debt / equity0.5×-0.2×

Current ratio1.1×0.0×

Segments

By geography

See full

Americas$4.0B+5.2%

EMEA$639.5M+11.5%

Asia Pacific$331.5M+5.5%

By product

See full

Service$1.7B+13.9%

Competitors

By market cap

Trane Technologies$104.40B+7.0%

Johnson Controls International$85.6B+21.8%

Carrier Global$55.4B-14.5%

Lennox International$18.7B-12.7%

WSO

Watsco$15.7B-15.5%

Modine Manufacturing$12.4B+127%

SPX Technologies$10.7B+32.3%

Aaon$8.8B+44.5%

By revenue growth

Aaon+28.3%

Modine Manufacturing+23.1%

SPX Technologies+17.4%

Trane Technologies+6.4%

Johnson Controls International+5.1%

Carrier Global-1.9%

Lennox International-2.0%

WSO

Watsco-4.5%

By net margin

Lennox International15.09%-0.1pp

Johnson Controls International14.45%+3.7pp

Trane Technologies13.42%-0.1pp

SPX Technologies10.76%+0.6pp

Aaon7.3%-5.3pp

WSO

Watsco6.85%-0.1pp

Carrier Global5.99%-19.8pp

Modine Manufacturing3.82%-3.3pp

Profile

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.

Competitive position

A global leader in climate control with a dominant position in the North American HVAC and global transport refrigeration markets.

GeographiesNorth America, Latin America, Europe, Middle East, Africa, Asia Pacific

Customer segmentsEnterprise, Residential, Government, Logistics

Business modelManufacturing, Aftermarket services, Subscription-based telematics, Performance-based energy contracting

SuppliersSteel suppliers, Copper and aluminum commodity providers, Electronic component manufacturers, Refrigerant producers

CustomersIndependent distributors, HVAC dealers, Commercial real estate developers, Transportation and logistics fleets

CountryIreland

Listed1948

Employees40.0K

CEODavid S. Regnery

SectorIndustrials

IndustryConstruction

Websitetranetechnologies.com

FilingsSEC EDGAR

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Questions, answered.

What is Trane Technologies's market cap?: Trane Technologies (TT) has a market capitalization of $104.40B and trades on NYSE.
What is Trane Technologies's revenue and profitability?: 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 31.8%, with free cash flow of $3.1B. These figures are based on the Q1 2026 filing.
Who are Trane Technologies's competitors?: Trane Technologies's key competitors include Carrier Global Corporation, Lennox International, Johnson Controls International, and others. These companies compete in similar markets and product categories.
Who does Trane Technologies partner with?: Trane Technologies's notable partners include Opportunity at Work, INSEAD, Center for Creative Leadership.
What subsidiaries does Trane Technologies have?: Trane Technologies's subsidiaries include Trane, Thermo King, Aldrich Pump LLC, and others.
Where is Trane Technologies headquartered?: Trane Technologies is headquartered in Ireland and employs approximately 40,000 people. It has been publicly traded since 1948.