TT
$471.35+2.15%
as of close, Oct 21, 2026
☾ AH $471.35 +2.15%
TT financial statements
The full income statement, balance sheet, and cash-flow statement for Trane Technologies plc (TT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 225.7M2024-09 225.0M2024-12 224.3M2025-03 223.0M2025-06 222.5M2025-09 221.7M2025-12 221.3M2026-03 221.1M2026-06 220.0M-2.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 21.3B+7.5% | 19.8B+12.2% | 17.7B+10.5% | 16.0B+13.1% | 14.1B+13.5% | |
| Research & development | 348M+12.3% | 310M+22.7% | 252M+19.5% | 211M+9.1% | 194M+17.3% | |
| Selling, general & administrative | 3.74B+4.5% | 3.58B+20.8% | 2.96B+16.4% | 2.55B+4.1% | 2.45B+7.7% | |
| Restructuring | — | — | 15.1M-27.1% | 20.7M-23.3% | 27.0M-64.3% | |
| Amortization of intangibles | 165M-9.0% | 181M+9.4% | 165M+15.8% | 143M+15.5% | 124M+6.8% | |
| Operating income | 3.97B+13.4% | 3.50B+20.9% | 2.89B+19.6% | 2.42B+19.6% | 2.02B+32.0% | |
| Interest expense | 227M-4.9% | 238M+1.7% | 235M+4.9% | 224M-4.4% | 234M-6.0% | |
| Other non-operating income | -20.9M-4.0% | -20.1M+70.2% | -67.5M-1587.5% | -4.00M-142.6% | 9.40M-61.3% | |
| Pre-tax income | 3.68B+13.5% | 3.24B+26.3% | 2.57B+18.2% | 2.17B+21.3% | 1.79B+39.0% | |
| Income tax | 706M+12.5% | 628M+25.9% | 498M+32.6% | 376M+12.7% | 334M+12.4% | |
| 2.92B+13.7% | 2.57B+26.9% | 2.02B+15.2% | 1.76B+23.4% | 1.42B+66.5% | ||
| Income from continuing operations | 2.96B+14.0% | 2.59B+26.4% | 2.05B+15.4% | 1.78B+23.1% | 1.44B+47.8% | |
| Discontinued operations | -37.0M-49.8% | -24.7M+9.2% | -27.2M-26.5% | -21.5M-4.4% | -20.6M+83.0% | |
| $12.98+15.5% | $11.24+28.2% | $8.77+17.2% | $7.48+27.4% | $5.87+66.8% | ||
| EPS (basic) | $13.09+15.3% | $11.35+28.2% | $8.85+17.2% | $7.55+26.7% | $5.96+67.4% | |
| Weighted-avg shares (basic) | 223M-1.4% | 226M-1.0% | 229M-1.7% | 233M-2.6% | 239M-0.6% | |
| Weighted-avg shares (diluted) | 225M-1.5% | 228M-1.0% | 231M-1.8% | 235M-3.1% | 242M-0.3% | |
| Dividends per share | $3.76+11.9% | $3.36+12.0% | $3.00+11.9% | $2.68+13.6% | $2.36+11.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 7.86B+7.2% | 7.34B+6.8% | 6.87B+7.7% | 6.38B-1.4% | 6.47B-6.3% | ||
| Cash & equivalents | 1.76B+10.9% | 1.59B+45.2% | 1.10B-10.3% | 1.22B-43.5% | 2.16B-34.4% | |
| Accounts receivable | 3.24B+4.7% | 3.09B+4.5% | 2.96B+6.4% | 2.78B+14.4% | 2.43B+10.3% | |
| Inventory | 2.10B+6.7% | 1.97B-8.4% | 2.15B+7.9% | 1.99B+30.2% | 1.53B+28.7% | |
| Other current assets | 761M+10.9% | 686M+3.0% | 666M+73.0% | 385M+9.5% | 352M+56.6% | |
| 21.4B+6.3% | 20.1B+3.9% | 19.4B+7.2% | 18.1B+0.1% | 18.1B-0.5% | ||
| Property, plant & equipment | 2.25B+11.2% | 2.02B+14.2% | 1.77B+15.4% | 1.54B+9.8% | 1.40B+3.7% | |
| Operating lease right-of-use | — | 603M+17.4% | 513M+10.9% | 463M+5.9% | 437M | |
| Goodwill | 6.46B+5.4% | 6.13B+0.5% | 6.10B+10.7% | 5.50B-0.0% | 5.50B+3.0% | |
| Intangible assets | 3.24B-2.2% | 3.31B-3.8% | 3.44B+5.4% | 3.26B-1.3% | 3.31B+0.6% | |
| Other non-current assets | 1.61B+19.6% | 1.35B+11.0% | 1.21B-13.1% | 1.40B+1.4% | 1.38B+8.4% | |
| 6.29B+3.6% | 6.07B+0.3% | 6.05B+6.4% | 5.69B+19.7% | 4.75B+9.5% | ||
| Accounts payable | 2.15B+0.3% | 2.15B+6.1% | 2.03B-3.2% | 2.09B+17.0% | 1.79B+17.6% | |
| Accrued liabilities | 2.83B+1.2% | 2.79B+5.9% | 2.63B+31.3% | 2.01B-3.1% | 2.07B+30.0% | |
| Deferred revenue | 1.37B | — | — | — | — | |
| Short-term & current debt | 693M+53.3% | 452M-43.6% | 802M-23.5% | 1.05B+199.1% | 350M-54.8% | |
| 12.8B+1.3% | 12.7B+2.3% | 12.4B+3.3% | 12.0B+1.6% | 11.8B+0.5% | ||
| Long-term debt | 3.92B-9.2% | 4.32B+8.6% | 3.98B+5.0% | 3.79B-15.7% | 4.49B-0.1% | |
| Deferred revenue (non-current) | 0.20+11.1% | 0.18+12.5% | 0.16-50.0% | 0.32-11.1% | 0.36-10.0% | |
| Operating lease liability (total) | 825M | — | — | — | — | |
| Other non-current liabilities | 1.35B+20.4% | 1.12B+7.8% | 1.04B-9.6% | 1.15B+0.3% | 1.15B-10.9% | |
| 8.58B+15.0% | 7.46B+6.6% | 7.00B+14.9% | 6.09B-2.7% | 6.26B-2.4% | ||
| Common stock | 245M-1.6% | 249M-1.1% | 252M-0.6% | 253M-2.5% | 260M-1.4% | |
| Additional paid-in capital | — | — | — | 0.00 | 0.00 | |
| Retained earnings | 10.4B+6.4% | 9.79B+7.2% | 9.13B+9.8% | 8.32B-0.4% | 8.35B-1.7% | |
| Treasury stock | 1.65B-4.1% | 1.72B-0.0% | 1.72B+0.0% | 1.72B+0.0% | 1.72B+0.0% | |
| Accumulated other comprehensive income | -439M+49.2% | -864M-28.8% | -671M+12.5% | -766M-20.2% | -638M-1.0% | |
| Non-controlling interest | 21.7M-26.4% | 29.5M+35.3% | 21.8M+31.3% | 16.6M-3.5% | 17.2M-11.3% | |
| Total equity incl. non-controlling | 8.60B+14.9% | 7.49B+6.7% | 7.02B+14.9% | 6.11B-2.7% | 6.27B-2.4% | |
| Total liabilities & equity | 21.4B+6.3% | 20.1B+3.9% | 19.4B+7.2% | 18.1B+0.1% | 18.1B-0.5% | |
| Common shares issued | 245M-1.6% | 249M-1.1% | 252M-0.7% | 253M-2.5% | 260M-1.4% | |
| Common shares outstanding | — | 249M-1.1% | 252M-0.6% | 253M | — | |
| Shares outstanding (cover) | 221M-1.3% | 224M-1.2% | 227M-0.9% | 229M-1.9% | 234M-2.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.19B+1.6% | 3.15B+31.6% | 2.39B+58.9% | 1.50B-5.3% | 1.59B+10.7% | ||
| Depreciation & amortization | 376M-0.8% | 379M+9.0% | 348M+7.6% | 324M+8.1% | 299M+1.7% | |
| Intangible amortization | 165M-9.0% | 181M+9.4% | 165M+15.8% | 143M+15.5% | 124M+6.8% | |
| Share-based compensation | 86.6M+4.5% | 82.9M+28.9% | 64.3M+14.2% | 56.3M-15.3% | 66.5M-4.3% | |
| Deferred income taxes | 114M+188.0% | -129M-141.3% | -53.5M-178.9% | 67.8M+369.0% | -25.2M-213.5% | |
| Change in inventory | 84.8M+152.2% | -163M-268.6% | 96.4M-79.3% | 467M+33.8% | 349M+420.0% | |
| Change in payables | -2.60M-102.6% | 101M+180.5% | -125M-139.4% | 318M+15.5% | 275M+263.2% | |
| Other operating activities | 31.6M+117.7% | -178M-445.3% | -32.7M-291.2% | 17.1M+147.0% | -36.4M-2326.7% | |
| -640M-13.7% | -563M+52.0% | -1.17B-116.9% | -540M+1.0% | -546M-45.1% | ||
| Capital expenditure | 383M+3.3% | 371M+23.2% | 301M+3.1% | 292M+30.9% | 223M+52.5% | |
| Free cash flow | 2.81B+1.3% | 2.77B+32.8% | 2.09B+72.3% | 1.21B-11.2% | 1.37B+5.9% | |
| Acquisitions | 276M+53.1% | 180M-79.1% | 863M+267.6% | 235M-12.8% | 269M+47.3% | |
| Proceeds from sale of PP&E | 20.6M+338.3% | 4.70M-48.9% | 9.20M-5.2% | 9.70M-35.8% | 15.1M+15000.0% | |
| Other investing activities | 1.60M-90.4% | 16.7M-6.7% | 17.9M-22.2% | 23.0M-66.5% | 68.6M+5816.7% | |
| -2.50B-23.5% | -2.02B-49.6% | -1.35B+27.1% | -1.85B+12.9% | -2.13B-340.6% | ||
| Long-term debt issued | 0.00-100.0% | 499M-28.7% | 699M | 0.00 | 0.00 | |
| Long-term debt repaid | 159M-68.7% | 508M-32.7% | 755M+7760.4% | 9.60M-97.8% | 433M+40.7% | |
| Net short-term debt | 0.00 | 0.00+100.0% | -1.90M | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.48B+15.7% | 1.28B+91.4% | 669M-44.2% | 1.20B+9.1% | 1.10B+340.1% | |
| Dividends paid | 837M+10.5% | 758M+10.8% | 684M+10.2% | 620M+10.5% | 561M+10.6% | |
| Other financing activities | -2.00M+13.0% | -2.30M | 0.00+100.0% | -2.00M+95.5% | -44.9M-790.8% | |
| FX effect on cash | 115M+270.1% | -67.3M-974.0% | 7.70M+115.4% | -50.1M-9.6% | -45.7M-167.0% | |
| Net change in cash | 173M-65.0% | 495M+495.2% | -125M+86.7% | -939M+17.0% | -1.13B-156.2% | |
| Interest paid | 222M-4.8% | 233M+7.3% | 217M-0.3% | 218M-7.2% | 235M-3.5% | |
| Income taxes paid | 647M-9.8% | 717M+36.3% | 526M+63.7% | 321M-10.0% | 357M+135.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 86.1B+4.0% | 82.8B+49.3% | 55.5B+43.4% | 38.7B-18.0% | 47.2B+36.3% | |
| P/E | 29.5×-8.5% | 32.3×+13.9% | 28.3×+19.7% | 23.7×-28.6% | 33.1×-18.1% | |
| P/S | 4.0×-3.3% | 4.2×+30.4% | 3.2×+28.1% | 2.5×-25.1% | 3.3×+20.1% | |
| P/B | 10.0×-9.6% | 11.1×+33.7% | 8.3×+25.7% | 6.6×-12.4% | 7.5×+39.6% | |
| P/FCF | 30.6×+2.6% | 29.9×+2.7% | 29.1×-34.9% | 44.7×+29.3% | 34.6×+28.7% | |
| Earnings yield | 3.4%+9.3% | 3.1%-12.2% | 3.5%-16.5% | 4.2%+40.0% | 3.0%+22.1% | |
| FCF yield | 3.3%-2.6% | 3.3%-2.6% | 3.4%+53.6% | 2.2%-22.6% | 2.9%-22.3% | |
| Dividend yield | 0.97%+6.2% | 0.91%-26.0% | 1.2%-22.9% | 1.6%+36.5% | 1.2%-20.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TT filings on SEC EDGAR → Not investment advice.