What is Trane Technologies's work in process?

Trane Technologies (TT) reported work in process of $430.8M in Q1 2026.

How has Trane Technologies's work in process changed year-over-year?

Trane Technologies's work in process increased by 1.9% year-over-year, from $422.8M to $430.8M.

What is the long-term trend for Trane Technologies's work in process?

Over 5 years (2020 to 2025), Trane Technologies's work in process has grown at a 18.0% compound annual growth rate (CAGR), from $163.9M to $375.1M.

Current Assets

Work in process

Trane Technologies Work in process increased by 14.8% to $430.8M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.9%, from $422.8M to $430.8M. Over 5 years (FY 2020 to FY 2025), Work in process shows an upward trend with a 18.0% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

First reportedQ4 2015

Last reportedQ1 2026Apr 30, 2026

Parent metricInventories

Metric ID: inv_work_in_progress

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$200.1M	$204.8M	$215.9M	$270.7M	$304.4M	$316M	$333.8M	$424.9M	$434.2M	$408.1M	$385.1M	$427M	$429.3M	$431.2M	$374.4M	$422.8M	$421.7M	$401.4M	$375.1M	$430.8M
QoQ Change	—	+2.3%	+5.4%	+25.4%	+12.4%	+3.8%	+5.6%	+27.3%	+2.2%	-6.0%	-5.6%	+10.9%	+0.5%	+0.4%	-13.2%	+12.9%	-0.3%	-4.8%	-6.6%	+14.8%
YoY Change	—	—	—	—	+52.1%	+54.3%	+54.6%	+57.0%	+42.6%	+29.1%	+15.4%	+0.5%	-1.1%	+5.7%	-2.8%	-1.0%	-1.8%	-6.9%	+0.2%	+1.9%
% of Inventories	14.0%	13.3%	13.5%	13.8%	15.4%	15.3%	15.7%	17.1%	17.4%	17.4%	16.6%	16.7%	18.0%	19.5%	17.5%	17.7%	16.5%	15.6%	16.1%	16.4%
Share Change	—	-0.7pp	+0.1pp	+0.4pp	+1.5pp	-0.0pp	+0.4pp	+1.4pp	+0.2pp	+0.0pp	-0.8pp	+0.1pp	+1.3pp	+1.4pp	-2.0pp	+0.2pp	-1.2pp	-0.9pp	+0.6pp	+0.3pp

Range$200.1M – $434.2M

CAGR+17.5%

Avg YoY Growth+18.7%

Median YoY Growth+3.8%

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Frequently Asked Questions

What is Trane Technologies's work in process?: Trane Technologies (TT) reported work in process of $430.8M in Q1 2026.
How has Trane Technologies's work in process changed year-over-year?: Trane Technologies's work in process increased by 1.9% year-over-year, from $422.8M to $430.8M.
What is the long-term trend for Trane Technologies's work in process?: Over 5 years (2020 to 2025), Trane Technologies's work in process has grown at a 18.0% compound annual growth rate (CAGR), from $163.9M to $375.1M.