Trane Technologies Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	21,603	21,322	19,838	17,678	15,992	14,136
Revenue Growth (YoY)	6.36%	7.48%	12.22%	10.54%	13.12%	13.50%
Cost of Revenue	13,842	13,612	12,758	11,820	11,027	9,667
Gross Profit	11,151	7,710	7,081	5,857	4,965	4,470
Selling, General & Admin	3,836	3,743	3,580	2,963	2,546	2,446
Total Operating Expenses	3,836	3,743	3,580	2,963	2,546	2,446
Operating Income	3,925	3,967	3,500	2,894	2,419	2,023
Interest Expense	-224.2	-226.7	-238.4	-234.5	-223.5	-233.7
Other Non-Operating Income (Expense)	-38.9	-62.1	-19.9	-92.2	-23.3	1.1
Total Non-Operating Income (Expense)	-263.1	-288.8	-258.3	-326.7	-246.8	-232.6
Pretax Income	3,662	3,679	3,242	2,567	2,172	1,791
Provision for Income Taxes	707.3	705.9	627.6	498.4	375.9	333.5
Net Income	2,898	2,919	2,568	2,024	1,757	1,423
Minority Interest in Earnings	18	17.1	21.6	17.8	18.2	13.2
Earnings From Discontinued Operations	-38.1	-37	-24.7	-27.2	-21.5	-20.6
Net Income to Common	2,898	2,919	2,568	2,024	1,757	1,423
Net Income Growth	5.91%	13.66%	26.88%	15.22%	23.40%	66.50%
Shares Outstanding (Basic)	223	223	226	229	233	239
Shares Outstanding (Diluted)	224	225	228	231	235	242
Shares Change (YoY)	-1.56%	-1.53%	-1.00%	-1.79%	-3.05%	-0.33%
EPS (Basic)	13.01	13.09	11.35	8.85	7.55	5.96
EPS (Diluted)	12.93	12.98	11.24	8.77	7.48	5.87
EPS Growth	7.57%	15.48%	28.16%	17.25%	27.43%	66.76%
Shares Outstanding	221.2	221.47	224.47	227.2	228.83	235.2
Free Cash Flow	3,137	2,812	2,775	2,089	1,212	1,365
Free Cash Flow Growth	11.59%	1.31%	32.84%	72.32%	-11.21%	5.94%
Free Cash Flow Per Share	14.00	12.50	12.15	9.05	5.16	5.63
Dividends Per Share	3.870	3.760	3.360	3.000	2.680	2.360
Dividend Growth	2.93%	11.91%	12.00%	11.94%	13.56%	11.32%
Gross Margin	51.62%	36.16%	35.69%	33.13%	31.05%	31.62%
Operating Margin	18.17%	18.61%	17.64%	16.37%	15.13%	14.31%
Profit Margin	13.68%	13.94%	13.18%	11.70%	11.23%	10.31%
FCF Margin	14.52%	13.19%	13.99%	11.82%	7.58%	9.66%
EBITDA	4,303	4,344	3,880	3,242	2,743	2,323
EBITDA Margin	19.92%	20.37%	19.56%	18.34%	17.15%	16.43%
EBIT	3,925	3,967	3,500	2,894	2,419	2,023
EBIT Margin	18.17%	18.61%	17.64%	16.37%	15.13%	14.31%
Effective Tax Rate	19.32%	19.19%	19.36%	19.41%	17.31%	18.62%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q