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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%
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

Reported directly by Trane Technologies in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 income?
Trane Technologies (TT) reported net income of $584.4M in Q1 2026.
How has Trane Technologies's net income changed year-over-year?
Trane Technologies's net income decreased by 3.4% year-over-year, from $604.9M to $584.4M.
What is the long-term trend for Trane Technologies's net income?
Over 4 years (2021 to 2025), Trane Technologies's net income has grown at a 19.7% compound annual growth rate (CAGR), from $1.42B to $2.92B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.