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Trane Technologies TT Net debt / EBITDA

Net debt / EBITDA at other companies

EMCOR Group logo
EMCOR GroupEME
-0.2×+0.4×
Johnson Controls International logo
Johnson Controls InternationalJCI
0.1×-2.6×
Comfort Systems USA logo
Comfort Systems USAFIX
-0.3×-1.2×
Lennox International logo
Lennox InternationalLII
1.4×+0.2×
Carrier Global logo
Carrier GlobalCARR
3.7×+1.3×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.3×-0.5×

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$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 net debt / EBITDA?
Trane Technologies (TT) reported net debt / EBITDA of 0.9× in Q1 2026.
How has Trane Technologies's net debt / EBITDA changed year-over-year?
Trane Technologies's net debt / EBITDA decreased by 22.2% year-over-year, from 1.2× to 0.9×.
What is the long-term trend for Trane Technologies's net debt / EBITDA?
Over 4 years (2021 to 2025), Trane Technologies's net debt / EBITDA has grown at a 0.8% compound annual growth rate (CAGR), from 4× to 4.2×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.