A Business at a Glance
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Trane Technologies plc, a public limited company, incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively we, us, our, the Company) is a global climate innovator. We bring sustainable and efficient solutions to buildings, homes and transportation through our strategic brands, Trane® and Thermo King®, and our environmentally responsible portfolio of products, services and connected intelligent controls. We generate revenue and cash primarily through the design, manufacture, sales and service of solutions for Heating, Ventilation and Air Conditioning (HVAC), transport refrigeration, and custom refrigeration solutions. As an industry leader with an extensive global install base, our growth strategy includes expanding recurring revenue through services and rental options. Our unique business operating system, uplifting culture and highly engaged team around the world are also central to our earnings and cash flow growth.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 21.3B | 21.3B | 19.8B | 17.7B | 16.0B | 14.1B |
| Net Income | 2.9B | 2.9B | 2.6B | 2.0B | 1.8B | 1.4B |
| EPS | $12.98 | $12.98 | $11.24 | $8.77 | $7.48 | $5.87 |
| Free Cash Flow | 2.8B | 2.8B | 2.8B | 2.1B | 1.2B | 1.4B |
| ROIC | 26.4% | 32.3% | 29.7% | 22.5% | 21.0% | 23.1% |
| Gross Margin | 55.8% | 55.8% | 55.0% | 52.4% | 50.4% | 51.6% |
| Debt/Equity | 0.62 | 0.62 | 0.70 | 0.80 | 0.97 | 0.83 |
| Dividends/Share | $3.72 | $3.76 | $3.36 | $3.00 | $2.68 | $2.36 |
| Operating Income | 4.0B | 4.0B | 3.5B | 2.9B | 2.4B | 2.0B |
| Operating Margin | 18.6% | 18.6% | 17.6% | 16.4% | 15.1% | 14.3% |
| ROE | 34.0% | 36.4% | 34.4% | 28.9% | 28.8% | 22.8% |
| Shares Outstanding | 225M | 225M | 228M | 231M | 235M | 242M |
Trane Technologies plc passes 8 of 9 quality checks, indicating strong fundamentals.
Trane Technologies plc trades at 36.4x trailing earnings, compared to its 15-year median P/E of 24.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 37.8x vs a median of 26.0x. The company's 5-year average ROIC is 25.7% with a gross margin of 53.0%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is +15.8%.
Trane Technologies plc (TT) has a current P/E ratio of 36.4, compared to its historical median P/E of 24.5. The stock is currently considered Expensive based on its historical valuation range.
Trane Technologies plc (TT) has a 5-year average return on invested capital (ROIC) of 25.7%. This indicates strong capital allocation and a potential competitive advantage.
Trane Technologies plc (TT) has a market capitalization of $106.3B. It is classified as a large-cap stock.
Yes, Trane Technologies plc (TT) pays a dividend with a trailing twelve-month yield of 0.79%. The company also returns capital through share buybacks, with a buyback yield of 1.39%.
Based on historical P/E analysis, Trane Technologies plc (TT) appears expensive. The current P/E of 36.4 is 49% above its historical median of 24.5. The estimated fair value CAGR (P/E method) is 18.2%.
Trane Technologies plc (TT) operates in the Auto Controls For Regulating Residential & Comml Environments industry, within the Technology sector.
Trane Technologies plc (TT) reported annual revenue of $21.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Trane Technologies plc (TT) has a net profit margin of 13.7%. This is a healthy margin.
Trane Technologies plc (TT) generated $2.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Trane Technologies plc (TT) has a debt-to-equity ratio of 0.62. This indicates moderate leverage.
Trane Technologies plc (TT) reported earnings per share (EPS) of $12.98 in its most recent fiscal year.
Trane Technologies plc (TT) has a return on equity (ROE) of 36.4%. This indicates the company generates strong returns for shareholders.
Trane Technologies plc (TT) has a 5-year average gross margin of 53.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Trane Technologies plc (TT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Trane Technologies plc (TT) has a book value per share of $38.15, based on its most recent annual SEC filing.