Trane Technologies plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Trane Technologies plc reported revenue of $21.3B (+7.5% year on year) and net income of $2.9B (+13.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net revenues | $21.3B | $19.8B | $17.7B | $16.0B |
| Cost of Product and Service Sold | ($13.6B) | ($12.7B) | ($11.8B) | ($11.0B) |
| Selling and administrative expenses | ($3.7B) | ($3.6B) | ($3.0B) | ($2.5B) |
| Operating income (loss) | $4.0B | $3.5B | $2.9B | $2.4B |
| Interest expense | ($226.7M) | ($238.4M) | ($234.5M) | ($223.5M) |
| Other, net | ($62.1M) | ($19.9M) | ($92.2M) | ($23.3M) |
| Income (Loss) Attributable to Parent, before Tax | $3.7B | — | — | — |
| Benefit (provision) for income taxes | ($705.9M) | ($627.6M) | ($498.4M) | ($375.9M) |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $3.0B | $2.6B | $2.1B | $1.8B |
| Discontinued operations, net of tax | ($37.0M) | ($24.7M) | ($27.2M) | ($21.5M) |
| Net earnings | $2.9B | $2.6B | $2.0B | $1.8B |
| Continuing operations | $3.0B | $2.6B | $2.1B | $1.8B |
| Discontinued operations | ($37.0M) | ($24.7M) | ($27.2M) | ($21.5M) |
| Net earnings (loss) attributable to Trane Technologies plc | $2.9B | $2.6B | $2.0B | $1.8B |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest | ($17.1M) | ($21.6M) | ($17.8M) | ($18.2M) |
| Continuing operations | $13.25 | $11.46 | $8.97 | $7.65 |
| Net earnings | $13.09 | $11.35 | $8.85 | $7.55 |
| Continuing operations | $13.14 | $11.35 | $8.89 | $7.57 |
| Discontinued operations | ($0.16) | ($0.11) | ($0.12) | ($0.1) |
| Net earnings | $12.98 | $11.24 | $8.77 | $7.48 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $935.3M | $594.4M | $857.0M | $871.9M |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($9.6M) | ($10.0M) | ($9.4M) | $2.9M |
| Net earnings attributable to Trane Technologies plc | $925.7M | $584.4M | $847.6M | $874.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.8B | $1.6B | $1.1B | $1.2B |
| Accounts and notes receivable, net | $3.2B | $3.1B | $3.0B | $2.8B |
| Inventories | $2.1B | $2.0B | $2.2B | $2.0B |
| Other current assets | $760.8M | $686.0M | $665.7M | $384.8M |
| Total current assets | $7.9B | $7.3B | $6.9B | $6.4B |
| Property, plant and equipment, net | $2.3B | $2.0B | $1.8B | $1.5B |
| Goodwill | $6.5B | $6.1B | $6.1B | $5.5B |
| Intangible Assets, Net (Excluding Goodwill) | $3.2B | $3.3B | $3.4B | $3.3B |
| Other noncurrent assets | $1.6B | $1.3B | $1.2B | $1.4B |
| Total assets | $21.4B | $20.1B | $19.4B | $18.1B |
| Accounts payable | $2.2B | $2.1B | $2.0B | $2.1B |
| Accrued compensation and benefits | $614.8M | $678.4M | $591.7M | $541.2M |
| Accrued expenses and other current liabilities | $2.8B | $2.8B | $2.6B | $2.0B |
| Short-term borrowings and current maturities of long-term debt | $693.0M | $452.2M | $801.9M | $1.0B |
| Total current liabilities | $6.3B | $6.1B | $6.1B | $5.7B |
| Long-term debt | $3.9B | $4.3B | $4.0B | $3.8B |
| Postemployment and other benefit liabilities | $541.5M | $561.9M | $596.9M | $667.0M |
| Deferred and noncurrent income taxes | $716.3M | $586.6M | $703.7M | $680.1M |
| Other noncurrent liabilities | $1.4B | $1.1B | $1.0B | $1.2B |
| Total liabilities | $12.8B | $12.7B | $12.4B | $12.0B |
| Ordinary shares, par value, in dollars or euros per share, as stated | $1.00 | $1.00 | $1.00 | — |
| Ordinary shares issued | 245.0M | 249.0M | 251.7M | — |
| Treasury Stock, Common, Shares | 23.5M | 24.5M | 24.5M | — |
| Treasury Stock, Value | ($1.6B) | ($1.7B) | ($1.7B) | ($1.7B) |
| Trane Technologies plc shareholders' equity Ordinary shares, $1 par value | 245.0M | 249.0M | 251.7M | 253.3M |
| Retained earnings | $10.4B | $9.8B | $9.1B | $8.3B |
| Accumulated other comprehensive income (loss) | ($438.8M) | ($864.1M) | ($670.8M) | ($766.2M) |
| Total Trane Technologies plc shareholders' equity | $8.6B | $7.5B | $7.0B | $6.1B |
| Noncontrolling interest | $21.7M | $29.5M | $21.8M | $16.6M |
| Total equity | $8.6B | $7.5B | $7.0B | $6.1B |
| Total liabilities and equity | $21.4B | $20.1B | $19.4B | $18.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $1.3B | $1.1B | $1.1B | $774.2M |
| Accounts and notes receivable, net | $4.2B | $3.8B | $3.6B | $3.6B |
| Inventories | $2.6B | $2.4B | $2.4B | $2.4B |
| Other current assets | $837.0M | $757.6M | $775.5M | $763.9M |
| Total current assets | $9.0B | $8.0B | $7.9B | $7.5B |
| Property, plant and equipment, net | $2.4B | $2.3B | $2.2B | $2.2B |
| Goodwill | $7.0B | $7.0B | $6.4B | $6.4B |
| Intangible assets, net | $3.5B | $3.6B | $3.3B | $3.3B |
| Other noncurrent assets | $2.0B | $1.9B | $1.6B | $1.6B |
| Total assets | $23.9B | $22.8B | $21.4B | $21.0B |
| Accounts payable | $3.0B | $2.4B | $2.4B | $2.5B |
| Accrued compensation and benefits | $602.8M | $533.3M | $613.9M | $564.6M |
| Accrued expenses and other current liabilities | $4.1B | $3.7B | $2.8B | $3.0B |
| Short-term borrowings and current maturities of long-term debt | $693.1M | $693.1M | $694.7M | $694.6M |
| Total current liabilities | $8.4B | $7.3B | $6.5B | $6.8B |
| Long-term debt | $3.9B | $3.9B | $3.9B | $3.9B |
| Postemployment and other benefit liabilities | $508.4M | $533.2M | $559.9M | $555.7M |
| Deferred and noncurrent income taxes | $795.2M | $765.4M | $675.2M | $551.3M |
| Other noncurrent liabilities | $1.7B | $1.6B | $1.3B | $1.3B |
| Total liabilities | $15.3B | $14.1B | $13.0B | $13.1B |
| Ordinary shares | 243.8M | 244.7M | 246.5M | 247.2M |
| Treasury Stock, Value | ($1.6B) | ($1.6B) | ($1.7B) | ($1.7B) |
| Retained earnings | $10.5B | $10.5B | $10.3B | $9.8B |
| Accumulated other comprehensive income (loss) | ($497.4M) | ($495.7M) | ($514.8M) | ($501.3M) |
| Total Trane Technologies plc shareholders' equity | $8.6B | $8.6B | $8.3B | $7.8B |
| Noncontrolling interests | $22.2M | $21.6M | $20.0M | $21.0M |
| Total equity | $8.6B | $8.6B | $8.3B | $7.9B |
| Total liabilities and equity | $23.9B | $22.8B | $21.4B | $21.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $2.9B | $2.6B | $2.0B | $1.8B |
| Discontinued operations, net of tax | ($37.0M) | ($24.7M) | ($27.2M) | ($21.5M) |
| Depreciation and amortization | $376.3M | $379.4M | $348.1M | $323.6M |
| Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash | $34.8M | $40.6M | $51.0M | $55.6M |
| Share-based Payment Arrangement, Noncash Expense | $86.6M | $82.9M | $64.3M | $56.3M |
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item | $31.6M | ($178.3M) | ($32.7M) | $17.1M |
| Accounts and notes receivable | ($61.2M) | ($180.6M) | ($110.1M) | ($345.4M) |
| Inventories | ($84.8M) | $162.5M | ($96.4M) | ($466.7M) |
| Other current and noncurrent assets | ($304.8M) | ($162.4M) | ($152.3M) | ($116.8M) |
| Accounts payable | ($2.6M) | $100.9M | ($125.3M) | $317.9M |
| Other current and noncurrent liabilities | $171.8M | $318.5M | $411.3M | $60.9M |
| Net cash (used in) provided by continuing operating activities | $3.2B | $3.2B | $2.4B | $1.7B |
| Net cash (used in) provided by discontinued operating activities | ($25.9M) | ($32.1M) | ($37.2M) | ($194.7M) |
| Net cash provided by (used in) operating activities | $3.2B | $3.1B | $2.4B | $1.5B |
| Capital expenditures | ($383.0M) | ($370.6M) | ($300.7M) | ($291.8M) |
| Acquisition of businesses, net of cash acquired | ($276.0M) | ($180.3M) | ($862.8M) | ($234.7M) |
| Proceeds from sale of property, plant and equipment | $20.6M | $4.7M | $9.2M | $9.7M |
| Payments to Acquire Short-Term Investments | $0 | ($450.0M) | — | — |
| Payment for (Proceeds from) Other Investing Activity | ($1.6M) | ($16.7M) | ($17.9M) | ($23.0M) |
| Net cash provided by (used in) investing activities | ($640.0M) | ($562.9M) | ($1.2B) | ($540.4M) |
| Other short-term borrowings (net) | $0 | $0 | ($1.9M) | — |
| Proceeds from long-term debt | $0 | $498.5M | $699.2M | — |
| Payments of long-term debt | ($159.1M) | ($507.5M) | ($754.6M) | ($9.6M) |
| Net proceeds (repayments) in debt | ($159.1M) | ($9.0M) | ($57.3M) | — |
| Debt issuance costs | ($2.0M) | ($4.6M) | ($6.4M) | ($2.1M) |
| Dividends paid to ordinary shareholders | ($837.3M) | ($757.5M) | ($683.7M) | ($620.2M) |
| Dividends paid to noncontrolling interests | ($26.7M) | ($13.3M) | ($12.9M) | ($14.5M) |
| Proceeds shares issued under incentive plans | 12.6M | 46.9M | 79.3M | 2.6M |
| Repurchase of ordinary shares | -1.5B | -1.3B | -669.3M | -1.2B |
| Other, net | ($2.0M) | ($2.3M) | $0 | ($2.0M) |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation | ($2.5B) | ($2.0B) | ($1.4B) | ($1.9B) |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | $173.2M | $494.8M | ($125.2M) | ($938.7M) |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | $1.8B | $1.6B | $1.1B | $1.2B |
| Cash and cash equivalents - beginning of period | $1.6B | $1.1B | $1.2B | $2.2B |
| Cash and cash equivalents - end of period | $1.8B | $1.6B | $1.1B | $1.2B |
| Effect of exchange rate changes on cash and cash equivalents | $114.5M | ($67.3M) | $7.7M | ($50.1M) |
| Interest, net of amounts capitalized | $222.0M | $233.3M | $217.4M | $218.0M |
| Income taxes, net of refunds | $647.1M | $710.5M | $523.6M | $321.3M |
| Proceeds from Sale, Maturity and Collection of Short-Term Investments | $0 | $450.0M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net earnings | $1.5B | $589.5M | $2.3B | $1.5B |
| Discontinued operations, net of tax | ($19.6M) | ($10.0M) | ($15.4M) | ($6.0M) |
| Depreciation and amortization | $211.1M | $101.1M | $285.5M | $197.2M |
| Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash | $6.0M | $4.8M | $13.3M | $9.1M |
| Stock settled share-based compensation | $51.6M | $26.8M | $67.3M | $47.4M |
| Changes in assets and liabilities, net of the effects of acquisitions | ($63.0M) | ($92.5M) | ($572.0M) | ($613.0M) |
| Other non-cash items, net | ($15.5M) | ($3.5M) | ($94.2M) | ($91.2M) |
| Net cash provided by (used in) continuing operating activities | $1.7B | $636.2M | $2.1B | $1.0B |
| Net cash provided by (used in) discontinued operating activities | ($20.7M) | ($10.0M) | ($18.5M) | ($11.9M) |
| Net cash provided by (used in) operating activities | $1.7B | $626.2M | $2.0B | $1.0B |
| Payments to Acquire Property, Plant, and Equipment | ($156.1M) | ($79.7M) | ($277.2M) | ($208.8M) |
| Acquisitions and equity method investments, net of cash acquired | ($742.0M) | ($668.2M) | ($276.0M) | ($275.5M) |
| Other investing activities, net | ($4.2M) | ($7.8M) | ($1.4M) | ($1.7M) |
| Net cash provided by (used in) investing activities | ($902.3M) | ($755.7M) | ($554.6M) | ($486.0M) |
| Payments of long-term debt | ($400.0M) | ($400.0M) | ($157.3M) | ($157.3M) |
| Proceeds from (Repayments of) Debt | ($1.6M) | ($1.3M) | ($157.3M) | ($157.3M) |
| Dividends paid to ordinary shareholders | ($463.2M) | ($231.5M) | ($629.1M) | ($420.0M) |
| Dividends paid to noncontrolling interests | ($14.2M) | ($3.7M) | ($22.5M) | ($18.1M) |
| Netproceedsfromsharesissuedunderincentiveplans | -5.6M | -22.2M | 5.8M | -1.9M |
| Repurchase of ordinary shares | -756.4M | -287.3M | -1.3B | -879.6M |
| Proceeds from (Payment for) Other Financing Activity | $0 | — | ($2.0M) | ($2.0M) |
| Net Cash Provided by (Used in) Financing Activities, Total | ($1.2B) | ($546.0M) | ($2.1B) | ($1.5B) |
| Short-term borrowings (payments), net | $398.4M | $398.7M | — | — |
| Effect of exchange rate changes on cash and cash equivalents | ($13.4M) | ($13.6M) | $111.8M | $119.4M |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($445.0M) | ($689.1M) | ($464.3M) | ($815.9M) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $1.3B | $1.1B | $1.1B | $774.2M |
| Debt issuance costs | $2.2M | — | ($2.0M) | ($2.0M) |
Trane Technologies plc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.