Reading the annual reports…

First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.

Trane Technologies plc (TT) financial health, profit and balance sheet · Scorvest

TT · NYSE · United States · Auto Controls For Regulating Residential & Comml Environments

Trane Technologies plc

Co. Dublin, Ireland · Fiscal year ends in December · Figures in USD

+ Add to watchlist Compare

In shortTrane Technologies plc is profitable, generates cash and carries moderate debt, with revenue growing (+7.5% last year).

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability89

Operating marginShare of each sale left after running the business, before interest and tax.	18.6%	79/100
Net marginShare of each sale left as profit after every cost, interest and tax.	13.7%	75/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	36.4%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	24.3%	100/100

Weight in the score: 25%

Balance sheet78

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.25×	38/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.54×	81/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	0.66×	96/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	17.50×	100/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	4.02	75/100

Weight in the score: 25%

Cash generation85

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	13.2%	73/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	0.96×	83/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability98
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 0 of 5 100/100
Revenue growth volatility 2.5% 100/100
Operating margin volatility 1.8% 93/100
Weight in the score: 20%
Growth87
Revenue growth, 3-year average 10.1% 73/100
EPS growth, 3-year average 20.2% 100/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	0 of 5	100/100
Revenue growth volatility	2.5%	100/100
Operating margin volatility	1.8%	93/100

Revenue growth, 3-year average	10.1%	73/100
EPS growth, 3-year average	20.2%	100/100

Fiscal year 2025 · change vs prior year

Revenue: $21.3B; ▲ 7.5%
Net income: $2.9B; ▲ 13.7%
Free cash flow: $2.8B; ▲ 1.3%
Operating margin: 18.6%; +1.0 pts
Cash & investments: $1.8B; –
Total debt: $4.6B; ▼ 3.3%
Diluted EPS: $12.98; ▲ 15.5%
Return on equity: 36.4%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24	FY25
Revenue	14,136	15,992	17,678	19,838	21,322
Research & development	194	211	252	310	348
Selling, general & admin	2,446	2,546	2,963	3,580	3,743
Operating income	2,023	2,419	2,894	3,500	3,967
Interest expense	234	224	235	238	227
Pre-tax income	1,791	2,172	2,567	3,242	3,679
Income tax	334	376	498	628	706
Net income	1,423	1,757	2,024	2,568	2,919
Diluted EPS	$5.87	$7.48	$8.77	$11.24	$12.98
Diluted shares (millions)	242	235	231	228	225

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of Trane Technologies plc are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

4.02 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

8/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: passed
No share dilution: passed
Gross margin improved: not available
Asset turnover improved: passed

Sources

10-QPeriod ending Jun 30, 2026Filed Jul 30, 2026Open the report ↗
10-QPeriod ending Mar 31, 2026Filed Apr 30, 2026Open the report ↗
10-KPeriod ending Dec 31, 2025Filed Feb 5, 2026Open the report ↗
10-QPeriod ending Sep 30, 2025Filed Oct 30, 2025Open the report ↗
10-QPeriod ending Jun 30, 2025Filed Jul 30, 2025Open the report ↗
10-QPeriod ending Mar 31, 2025Filed Apr 30, 2025Open the report ↗
10-KPeriod ending Dec 31, 2024Filed Feb 6, 2025Open the report ↗
10-QPeriod ending Sep 30, 2024Filed Oct 30, 2024Open the report ↗