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Trane Technologies TT Product — Cost of Product and Service Sold

Other product segments

Service
$4.19B+9.3%

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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%
Net income$584.4M-3.4%
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:CostOfGoodsAndServicesSold.

The official record: Trane Technologies’s 10-K, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's product — cost of product and service sold?
Trane Technologies (TT) reported product — cost of product and service sold of $2.36B in Q4 2025.
How has Trane Technologies's product — cost of product and service sold changed year-over-year?
Trane Technologies's product — cost of product and service sold increased by 5.6% year-over-year, from $2.23B to $2.36B.
What is the long-term trend for Trane Technologies's product — cost of product and service sold?
Over 4 years (2021 to 2025), Trane Technologies's product — cost of product and service sold has grown at a 8.3% compound annual growth rate (CAGR), from $6.84B to $9.43B.
What does product — cost of product and service sold mean?
This metric captures the direct costs associated with manufacturing, sourcing, and delivering the products and services sold within a specific business segment. It includes raw material costs, direct labor, manufacturing overhead, and freight expenses necessary to bring the product to the customer. Monitoring this figure is essential for assessing the direct production efficiency and the impact of inflationary pressures on the segment's gross margin.