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Trane Technologies TT Service — Cost of Product and Service Sold

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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 service — cost of product and service sold?
Trane Technologies (TT) reported service — cost of product and service sold of $1.05B in Q4 2025.
How has Trane Technologies's service — cost of product and service sold changed year-over-year?
Trane Technologies's service — cost of product and service sold increased by 9.3% year-over-year, from $957.45M to $1.05B.
What is the long-term trend for Trane Technologies's service — cost of product and service sold?
Over 4 years (2021 to 2025), Trane Technologies's service — cost of product and service sold has grown at a 10.3% compound annual growth rate (CAGR), from $2.82B to $4.19B.
What does service — cost of product and service sold mean?
This metric represents the total direct costs incurred to deliver maintenance, repair, and aftermarket support services for HVAC and transport refrigeration equipment. It includes labor, parts, logistics, and overhead directly attributable to the service operations segment. Monitoring this cost structure is critical for assessing the efficiency of the company's service delivery model and its ability to manage inflationary pressures in labor and materials.