What is Trane Technologies's gross profit?

Trane Technologies (TT) reported gross profit of $1.73B in Q1 2026.

How has Trane Technologies's gross profit changed year-over-year?

Trane Technologies's gross profit increased by 3.0% year-over-year, from $1.68B to $1.73B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Trane Technologies TT Gross Profit

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Other financials

Income statement

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Revenue$5.0B+6.0%

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$111.29B+18.9%

P/E38.4×+4.2×

P/S5.2×+0.5×

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

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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.

$5.0Btotal revenue−$3.2Btotal cost of revenue=$1.73B

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 gross profit?: Trane Technologies (TT) reported gross profit of $1.73B in Q1 2026.
How has Trane Technologies's gross profit changed year-over-year?: Trane Technologies's gross profit increased by 3.0% year-over-year, from $1.68B to $1.73B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.