Trane Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21,322	19,838	17,678	15,992	14,136
Revenue Growth (YoY)	7.48%	12.22%	10.54%	13.12%	13.50%
Cost of Revenue	13,612	12,758	11,820	11,027	9,667
Gross Profit	7,710	7,081	5,857	4,965	4,470
Selling, General & Admin	3,839	3,617	3,033	2,597	2,448
Operating Expenses	3,839	3,617	3,033	2,597	2,448
Operating Income	3,871	3,464	2,825	2,368	2,022
Interest Expense	-226.7	-238.4	-234.5	-223.5	-233.7
Interest & Investment Income	9	35.9	15.4	9.2	4
Currency Exchange Gain (Loss)	-15.4	-24.1	-20.1	-17.9	-10.7
Other Non Operating Income (Expenses)	-20.9	-20.1	-67.5	4.8	3.8
EBT Excluding Unusual Items	3,617	3,217	2,518	2,140	1,785
Other Unusual Items	61.2	25	49.3	31.9	5.6
Pretax Income	3,679	3,242	2,567	2,172	1,791
Income Tax Expense	705.9	627.6	498.4	375.9	333.5
Earnings From Continuing Operations	2,973	2,614	2,069	1,796	1,457
Earnings From Discontinued Operations	-37	-24.7	-27.2	-21.5	-20.6
Net Income to Company	2,936	2,590	2,042	1,775	1,437
Minority Interest in Earnings	-17.1	-21.6	-17.8	-18.2	-13.2
Net Income	2,919	2,568	2,024	1,757	1,423
Net Income to Common	2,919	2,568	2,024	1,757	1,423
Net Income Growth	13.66%	26.88%	15.22%	23.40%	66.50%
Shares Outstanding (Basic)	223	226	229	233	239
Shares Outstanding (Diluted)	225	228	231	235	242
Shares Change (YoY)	-1.53%	-1.00%	-1.79%	-3.05%	-0.33%
EPS (Basic)	13.09	11.35	8.85	7.55	5.96
EPS (Diluted)	12.98	11.24	8.77	7.48	5.87
EPS Growth	15.42%	28.16%	17.30%	27.29%	67.05%
Free Cash Flow	2,812	2,775	2,089	1,212	1,365
Free Cash Flow Per Share	12.50	12.15	9.05	5.16	5.63
Dividend Per Share	3.760	3.360	3.000	2.680	2.360
Dividend Growth	11.91%	12.00%	11.94%	13.56%	11.32%
Gross Margin	36.16%	35.69%	33.13%	31.05%	31.62%
Operating Margin	18.16%	17.46%	15.98%	14.80%	14.30%
Profit Margin	13.69%	12.94%	11.45%	10.98%	10.07%
Free Cash Flow Margin	13.19%	13.99%	11.82%	7.58%	9.66%
EBITDA	4,213	3,805	3,136	2,649	2,275
EBITDA Margin	19.76%	19.18%	17.74%	16.56%	16.10%
D&A For EBITDA	341.5	341.2	311.6	281.5	253.7
EBIT	3,871	3,464	2,825	2,368	2,022
EBIT Margin	18.16%	17.46%	15.98%	14.80%	14.30%
Effective Tax Rate	19.19%	19.36%	19.41%	17.31%	18.62%
Revenue as Reported	21,322	19,838	17,678	15,992	14,136

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.