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EV / sales at other companies

EMCOR Group logo
EMCOR GroupEME
1.8×+0.7×
Johnson Controls International logo
Johnson Controls InternationalJCI
3.3×+0.6×
Comfort Systems USA logo
Comfort Systems USAFIX
3.4×+1.3×
Lennox International logo
Lennox InternationalLII
3.4×-0.6×
Carrier Global logo
Carrier GlobalCARR
2.7×-0.2×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
8.9×+5.5×

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$106.86B+22.1%
P/E36.9×+4.9×
P/S+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 / sales?
Trane Technologies (TT) reported EV / sales of 4.5× in Q1 2026.
How has Trane Technologies's EV / sales changed year-over-year?
Trane Technologies's EV / sales increased by 12.5% year-over-year, from 4× to 4.5×.
What is the long-term trend for Trane Technologies's EV / sales?
Over 4 years (2021 to 2025), Trane Technologies's EV / sales has grown at a 7.4% compound annual growth rate (CAGR), from 13.3× to 17.7×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.