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Trane Technologies plcStock · Industrials
$478.13−$6.45 (-1.33%)as of market close, Jul 2, 2026
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How Trane makes money

Fiscal year

How does Trane make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Trane Technologies plc · FY2025 · year ended 2025-12-31
Revenue$21.3BGross profit$21.3B · 100%Cost of revenue$0 · 0%Operating income$4.0B · 19%Operating expenses$17.4B · 81%R&D$348M · 2%SG&A$3.7B · 18%Other opex$13.3B · 62%Pre-tax income$3.6B · 17%Other expense$343M · 2%Net income$2.9B · 14%Income tax$706M · 3%Product$14.0B · 66%Service$7.3B · 34%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.