Trane Technologies revenue and financials

TT · NYSE · USD

$476.90+1.30%+$6.13

Close · October 6, 2026

In the fiscal year ended December 2025, Trane Technologies reported revenue of $21.32B (+7.48% year over year). Net income was $2.92B, a net margin of 13.7%.

Annual revenue · 2025: $21.32B

$13.51B2016
$14.2B2017
$12.34B2018
$13.08B2019
$12.45B2020
$14.14B2021
$15.99B2022
$17.68B2023
$19.84B2024
$21.32B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +7.48%; 2025 vs 2024
Net income growth: +13.66%; 2025 vs 2024
Net margin: 13.7%; 2024: 12.9%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	21,421	20,147	19,392	18,082	18,060	18,157	20,492	17,915	18,173	17,397
Current assets	7,863	7,338	6,870	6,379	6,471	6,906	6,217	5,732	6,119	5,579
Cash and equivalents	1,763	1,590	1,095	1,221	2,159	3,290	1,304	903	1,524	1,715
Receivables	3,700	3,518	3,415	2,981	2,594	—	—	—	—	—
Inventory	2,104	1,972	2,152	1,994	1,531	—	—	—	—	—
Net property, plant and equipment	3,061	2,627	2,285	1,999	1,836	—	—	—	—	—
Goodwill	6,457	6,128	6,095	5,504	5,505	5,343	6,783	5,099	5,936	5,658
Other intangible assets	3,237	3,308	3,440	3,264	3,306	—	—	—	—	—
Current liabilities	6,287	6,069	6,054	5,687	4,752	4,339	4,862	4,316	4,828	3,590
Accounts payable	2,154	2,148	2,025	2,092	1,787	—	—	—	—	—
Long-term debt	4,615	4,770	4,780	4,836	4,842	5,272	5,573	4,091	4,057	4,060
Total debt	4,615	4,770	4,780	4,836	—	—	—	—	—	—
Total liabilities	12,820	12,660	12,375	11,976	11,787	11,730	13,180	10,850	10,966	10,679
Total equity (incl. minority)	8,601	7,487	7,017	6,105	6,273	—	—	—	—	—
Retained earnings	10,422	9,792	9,134	8,321	8,353	—	—	—	—	—
Minority interest	21.7	29.5	21.8	16.6	17.2	—	—	—	—	—