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EV / EBITDA at other companies

EMCOR Group logo
EMCOR GroupEME
16.3×+5.5×
Johnson Controls International logo
Johnson Controls InternationalJCI
24.3×+5.9×
Comfort Systems USA logo
Comfort Systems USAFIX
22.9×+5.1×
Lennox International logo
Lennox InternationalLII
15.4×-3.3×
Carrier Global logo
Carrier GlobalCARR
18.9×+3.2×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
41.6×+24.9×

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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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+84.5%
CapEx$79.7M-33.0%
Free cash flow$546.5M+148%

Valuation

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Market cap$104.45B+22.1%
P/E36×+4.8×
P/S4.8×+0.6×

Profitability

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Gross margin31.8%
Operating margin18.2%0.0pp
Net margin13.4%-0.1pp

Returns & leverage

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Return on equity36%-2.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×0.0×

Where this comes from

Calculated from Trane Technologies’s reported figures.

Based on the most recent quarter.

The official record: Trane Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's EV / EBITDA?
Trane Technologies (TT) reported EV / EBITDA of 22.3× in Q1 2026.
How has Trane Technologies's EV / EBITDA changed year-over-year?
Trane Technologies's EV / EBITDA increased by 13.3% year-over-year, from 19.7× to 22.3×.
What is the long-term trend for Trane Technologies's EV / EBITDA?
Over 4 years (2021 to 2025), Trane Technologies's EV / EBITDA has grown at a 1.7% compound annual growth rate (CAGR), from 81.4× to 87×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.