Trane Technologies plc (TT)
NYSE: TT · Real-Time Price · USD
402.07
+9.64 (2.46%)
Nov 6, 2026, 12:28 PM EST - Market open
Trane Technologies Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 3,150 | 2,919 | 2,568 | 2,024 | 1,757 | 1,423 |
Depreciation & Amortization | 372.1 | 341.5 | 341.2 | 311.6 | 281.5 | 253.7 |
Other Amortization | 34.8 | 34.8 | 38.2 | 36.5 | 42.1 | 45.7 |
Stock-Based Compensation | 97.6 | 86.6 | 82.9 | 64.3 | 56.3 | 66.5 |
Other Operating Activities | 196 | 120.5 | -91.4 | 63.3 | 112.4 | 48.2 |
Change in Accounts Receivable | -61.2 | -61.2 | -180.6 | -110.1 | -345.4 | -265.4 |
Change in Inventory | -84.8 | -84.8 | 162.5 | -96.4 | -466.7 | -348.8 |
Change in Accounts Payable | -2.6 | -2.6 | 100.9 | -125.3 | 317.9 | 275.3 |
Change in Other Net Operating Assets | 524.4 | -133 | 156.1 | 259 | -55.9 | 95.8 |
Operating Cash Flow | 4,186 | 3,195 | 3,146 | 2,390 | 1,504 | 1,588 |
Operating Cash Flow Growth | 42.60% | 1.55% | 31.64% | 58.88% | -5.31% | 10.68% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -370 | -383 | -370.6 | -300.7 | -291.8 | -223 |
Sale of Property, Plant & Equipment | 20.6 | 20.6 | 4.7 | 9.2 | 9.7 | 15.1 |
Cash Acquisitions | -821.5 | -276 | -180.3 | -862.8 | -234.7 | -269.2 |
Other Investing Activities | -4.8 | -1.6 | -16.7 | -17.9 | -23.6 | -68.6 |
Investing Cash Flow | -1,176 | -640 | -562.9 | -1,172 | -540.4 | -545.7 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | - | 498.5 | 699.2 | - | - |
Total Debt Issued | - | - | 498.5 | 699.2 | - | - |
Short-Term Debt Repaid | - | - | - | -1.9 | - | - |
Long-Term Debt Repaid | - | -159.1 | -507.5 | -754.6 | -9.6 | -432.5 |
Total Debt Repaid | -403.8 | -159.1 | -507.5 | -756.5 | -9.6 | -432.5 |
Net Debt Issued (Repaid) | -403.8 | -159.1 | -9 | -57.3 | -9.6 | -432.5 |
Issuance of Common Stock | 6.8 | 12.6 | 46.9 | 79.3 | 2.6 | 78.3 |
Repurchase of Common Stock | -1,570 | -1,481 | -1,281 | -669.3 | -1,200 | -1,100 |
Common Dividends Paid | -901.9 | -837.3 | -757.5 | -683.7 | -620.2 | -561.1 |
Other Financing Activities | -26 | -30.7 | -20.2 | -19.3 | -24.8 | -112 |
Financing Cash Flow | -2,895 | -2,496 | -2,021 | -1,350 | -1,852 | -2,128 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -14.1 | 114.5 | -67.3 | 7.7 | -50.1 | -45.7 |
Net Cash Flow | 101.6 | 173.2 | 494.8 | -125.2 | -938.7 | -1,131 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 3,816 | 2,812 | 2,775 | 2,089 | 1,212 | 1,365 |
Free Cash Flow Growth | 50.67% | 1.31% | 32.84% | 72.32% | -11.21% | 5.94% |
Free Cash Flow Margin | 16.43% | 13.19% | 13.99% | 11.82% | 7.58% | 9.66% |
Free Cash Flow Per Share | 17.14 | 12.50 | 12.15 | 9.05 | 5.16 | 5.63 |
Levered Free Cash Flow | 3,465 | 1,936 | 2,484 | 1,731 | 795.76 | 1,396 |
Unlevered Free Cash Flow | 3,600 | 2,078 | 2,633 | 1,877 | 935.45 | 1,542 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 222 | 222 | 233.3 | 217.4 | 218 | 234.9 |
Cash Income Tax Paid | 647.1 | 647.1 | 717.2 | 526.1 | 321.3 | 356.9 |
Change in Working Capital | 375.8 | -281.6 | 238.9 | -72.8 | -550.1 | -243.1 |