What is Trane Technologies's income tax?

Trane Technologies (TT) reported income tax of $136.3M in Q1 2026.

How has Trane Technologies's income tax changed year-over-year?

Trane Technologies's income tax increased by 1.0% year-over-year, from $134.9M to $136.3M.

What is the long-term trend for Trane Technologies's income tax?

Over 4 years (2021 to 2025), Trane Technologies's income tax has grown at a 20.6% compound annual growth rate (CAGR), from $333.5M to $705.9M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Trane Technologies TT Income Tax

Income Tax at other companies

Modine ManufacturingMOD

$22M+31.7%

SPX TechnologiesSPXC

$13M+110%

WSO

WatscoWSO

$23.7M+2.8%

EMCOR GroupEME

$104.59M+25.2%

AaonAAON

$12.27M+284%

Johnson Controls InternationalJCI

$126M+385%

Other financials

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

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

See full

Operating cash flow$626.2M+84.4%

CapEx$79.7M-33.0%

Free cash flow$546.5M+148%

Valuation

See full

Market cap$105.64B+10.4%

P/E36.5×+3.0×

P/S4.9×+0.3×

Profitability

See full

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:IncomeTaxExpenseBenefit.

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

Ask your AI about Trane Technologies's income tax.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Trane Technologies's income tax?: Trane Technologies (TT) reported income tax of $136.3M in Q1 2026.
How has Trane Technologies's income tax changed year-over-year?: Trane Technologies's income tax increased by 1.0% year-over-year, from $134.9M to $136.3M.
What is the long-term trend for Trane Technologies's income tax?: Over 4 years (2021 to 2025), Trane Technologies's income tax has grown at a 20.6% compound annual growth rate (CAGR), from $333.5M to $705.9M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.