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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) is a global climate innovator headquartered in Ireland and operating through its website at www.tranetechnologies.com. The company designs, manufactures, sells and services solutions for heating, ventilation and air conditioning systems, transport refrigeration, and custom… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.32B
+7.5% year over year
Last 12 mo $22.21B
18.61%
+1 percentage points
Last 12 mo 17.94%
$2.94B
+13.4% year over year
Last 12 mo $2.97B
34.02%
−0.4 percentage points
Last 12 mo 34.20%
Cash & financing
$3.19B
+1.6% year over year
Last 12 mo $3.88B
$2.81B
+1.3% year over year
Last 12 mo $3.55B
0.54
Was 0.64× a year earlier
Last 12 mo 0.54
224.9M
−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) is a global climate innovator headquartered in Ireland and operating through its website at www.tranetechnologies.com. The company designs, manufactures, sells and services solutions for heating, ventilation and air conditioning systems, transport refrigeration, and custom refrigeration applications serving commercial, residential and industrial customers worldwide.

The company operates through three reportable segments. The Americas segment, which generated $17,168.8 million in 2025 net revenues, encompasses commercial HVAC systems, building controls and energy services, residential heating and cooling, and transport refrigeration for North America and Latin America. The EMEA segment contributed $2,802.1 million in revenues and serves Europe, Middle East and Africa with heating, cooling, ventilation systems and transport refrigeration solutions. The Asia Pacific segment generated $1,351.0 million in revenues, providing HVAC systems and transport refrigeration for the Asia Pacific region.

Trane Technologies operates under two principal brand names: Trane and Thermo King, which are recognized globally for HVAC and temperature control solutions. The company's extensive product portfolio includes air conditioners, chillers, heat pumps, furnaces, building management systems, data center cooling solutions, trailer and truck refrigeration systems, and comprehensive service offerings including maintenance agreements and energy management services.

As of December 31, 2025, the company employed approximately 44,000 people across 62 countries, with over 16,000 employees located outside the United States. The company sells products in approximately 100 countries, with roughly 75 percent of net revenues derived from U.S. operations. Trane Technologies maintains no single customer accounting for more than 10 percent of consolidated revenues, indicating a diversified customer base.

The company's competitive advantages include its extensive global install base, strong brand recognition, comprehensive service capabilities, and focus on sustainable and energy-efficient solutions. Trane Technologies pursues growth through expanding recurring revenue via services and rental options while advancing its 2030 Sustainability Commitments, which include reducing customer greenhouse gas emissions by one billion metric tons and designing products for circularity.

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

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