What is Trane Technologies's change in AP?

Trane Technologies (TT) reported change in AP of -$650K in Q4 2025.

How has Trane Technologies's change in AP changed year-over-year?

Trane Technologies's change in AP decreased by 102.6% year-over-year, from $25.23M to -$650K.

What is the long-term trend for Trane Technologies's change in AP?

Over 4 years (2021 to 2025), Trane Technologies's change in AP has grown at a -68.8% compound annual growth rate (CAGR), from $275.3M to -$2.6M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Trane Technologies TT Change in AP

Change in AP at other companies

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$57.3M+92.3%

SPX TechnologiesSPXC

-$29.7M-175%

WSO

WatscoWSO

$234.71M+2,541%

EMCOR GroupEME

$47.34M+1,333%

AaonAAON

$50.38M+133%

Johnson Controls InternationalJCI

$238M+32.2%

Other financials

Income statement

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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

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Cash & equivalents$1.8B+10.9%

Total debt$3.9B-17.8%

Total equity$8.6B+14.7%

Total assets$22.8B+13.1%

Cash flow

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Operating cash flow$626.2M+84.4%

CapEx$79.7M-33.0%

Free cash flow$546.5M+148%

Valuation

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Market cap$108.57B+10.4%

P/E37.5×+3.0×

P/S5×+0.3×

Profitability

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Gross margin31.8%—

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×

Where this comes from

Reported directly by Trane Technologies in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Trane Technologies’s 10-K, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's change in AP?: Trane Technologies (TT) reported change in AP of -$650K in Q4 2025.
How has Trane Technologies's change in AP changed year-over-year?: Trane Technologies's change in AP decreased by 102.6% year-over-year, from $25.23M to -$650K.
What is the long-term trend for Trane Technologies's change in AP?: Over 4 years (2021 to 2025), Trane Technologies's change in AP has grown at a -68.8% compound annual growth rate (CAGR), from $275.3M to -$2.6M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.