What is Trane Technologies's unrecognized tax benefits?

Trane Technologies (TT) reported unrecognized tax benefits of $63.8M in Q1 2026.

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

Trane Technologies's unrecognized tax benefits decreased by 29.7% year-over-year, from $90.8M to $63.8M.

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

Over 5 years (2020 to 2025), Trane Technologies's unrecognized tax benefits has grown at a -0.9% compound annual growth rate (CAGR), from $65.4M to $62.4M.

Trane Technologies TT Unrecognized tax benefits

Unrecognized tax benefits at other companies

Carrier GlobalCARR

$322M-11.8%

SPX TechnologiesSPXC

——

Honeywell InternationalHON

——

nVent Electric plcNVT

——

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$111.29B+18.9%

P/E38.4×+4.2×

P/S5.2×+0.5×

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:UnrecognizedTaxBenefits.

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 unrecognized tax benefits.

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

Connect your AI

Claude

Questions, answered.

What is Trane Technologies's unrecognized tax benefits?: Trane Technologies (TT) reported unrecognized tax benefits of $63.8M in Q1 2026.
How has Trane Technologies's unrecognized tax benefits changed year-over-year?: Trane Technologies's unrecognized tax benefits decreased by 29.7% year-over-year, from $90.8M to $63.8M.
What is the long-term trend for Trane Technologies's unrecognized tax benefits?: Over 5 years (2020 to 2025), Trane Technologies's unrecognized tax benefits has grown at a -0.9% compound annual growth rate (CAGR), from $65.4M to $62.4M.