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Trane Technologies TT Price / earnings

Price / earnings at other companies

EMCOR Group logo
EMCOR GroupEME
24.6×+8.6×
Johnson Controls International logo
Johnson Controls InternationalJCI
22.7×+1.6×
Comfort Systems USA logo
Comfort Systems USAFIX
39.6×+20.4×
Lennox International logo
Lennox InternationalLII
20.4×-4.1×
Carrier Global logo
Carrier GlobalCARR
35.9×+26.4×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
61.5×+20.3×

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/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 price / earnings?
Trane Technologies (TT) reported price / earnings of 31.8× in Q1 2026.
How has Trane Technologies's price / earnings changed year-over-year?
Trane Technologies's price / earnings increased by 15.3% year-over-year, from 27.6× to 31.8×.
What is the long-term trend for Trane Technologies's price / earnings?
Over 4 years (2021 to 2025), Trane Technologies's price / earnings has grown at a -1.7% compound annual growth rate (CAGR), from 131.5× to 122.7×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.