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Companies / Industrials / Trane Technologies
TT

Trane Technologies

IndustrialsMedical InstrumentsS&P 500
Ticker TTCO. DUBLIN, L2Fiscal year ends DecemberBook value per share $38.70Diluted shares 222.8M

Trane Technologies plc (NYSE: TT) designs, manufactures, sells and services HVAC, transport refrigeration and custom refrigeration solutions for commercial, residential and transportation customers. Its portfolio includes heating, cooling and ventilation systems, building controls, energy services, refrigeration… From the company’s description.

In fiscal 2025, Trane Technologies reported revenue of $21.32B, up 7.5% from fiscal 2024, and net income of $2.94B. Its operating margin was 18.6%, and operations generated $3.19B in cash. Over the twelve months to Jun 30, 2026, revenue was $22.21B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.32BFY2025
+7.5% year over year
Last 12 mo $22.21B
18.61%FY2025
+1 percentage points
Last 12 mo 17.94%
$2.94BFY2025
+13.4% year over year
Last 12 mo $2.97B
34.02%FY2025
−0.4 percentage points
Last 12 mo 34.20%
Cash & financing
$3.19BFY2025
+1.6% year over year
Last 12 mo $3.88B
$2.81BFY2025
+1.3% year over year
Last 12 mo $3.55B
0.54FY2025
Was 0.64× a year earlier
Last 12 mo 0.54
224.9MFY2025
−1.5% year over year
Last 12 mo 222.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Trane Technologies does

In the company’s own words

Trane Technologies plc (NYSE: TT) designs, manufactures, sells and services HVAC, transport refrigeration and custom refrigeration solutions for commercial, residential and transportation customers. Its portfolio includes heating, cooling and ventilation systems, building controls, energy services, refrigeration equipment, connected controls, repair and maintenance, and rental services, sold primarily under the Trane and Thermo King brands. The company operates three reportable segments: Americas, serving North and Latin America, generated 2025 net revenue of $17.2 billion; EMEA generated $2.8 billion; and Asia Pacific generated $1.4 billion. Products and services span commercial and residential buildings, industrial and data center applications, and temperature-controlled cargo and vehicles. Trane Technologies employed approximately 44,000 people in 62 countries at December 31, 2025, and sold products in approximately 100 countries during the year. Its website is www.tranetechnologies.com.

Company details
Sector
Industrials
Industry (SIC)
Medical Instruments
Headquarters
CO. DUBLIN, L2
Fiscal year end
December
CIK
1466258
SIC
3822

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.22B$4.44B$11.10B$17.77B$24.43B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Trane Technologies — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

324
funds hold it
0 of 35
superinvestors hold it
$14.97B
held by funds, at market
14.0%
of shares held by funds

Largest fund holders · Trane Technologies’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.15%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.17%of fund net assets
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.41%of fund net assets
VANGUARD DIVIDEND GROWTH FUND
VDIGX · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD INSTITUTIONAL INDEX FUND
VINIX · VANGUARD INSTITUTIONAL INDEX FUNDS
0.17%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Trane Technologies and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Trane Technologies's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Trane Technologies's last four quarterly filings that the numbers alone won't show?”
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