TT Trane Technologies plc

NYSE · Building · View on SEC EDGAR ↗

$458.50

Price · Jun 5, 2026

Fundamentals as of Apr 30, 2026

TT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$458.50

Market Cap

$95.35B

P/E (TTM)

30.0

EPS (TTM)

$12.98

Revenue (TTM)

$21.32B

Div Yield

0.88%

ROE

36.4%

Debt/Equity

0.5

52W Range

$348 – $503

TT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $21.32B

2016-12-31 → 2025-12-31

EPS $12.98

2016-12-31 → 2025-12-31

Free Cash Flow $2.81B

2016-12-31 → 2025-12-31

Margins 13.7%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

Peer Median

P/E (TTM)

30.0

25.7

P/S (TTM)

4.5

4.3

P/B

11.1

6.6

EV / EBITDA

22.4

—

Price / FCF

33.9

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

Peer Median

Operating Margin

18.6%

—

Net Profit Margin

13.7%

15.8%

ROA

14.0%

12.9%

ROE

36.4%

34.8%

ROIC

25.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

Peer Median

Debt / Equity

0.5

—

Current Ratio

1.3

1.2

Quick Ratio

0.8

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

Peer Median

Revenue YoY

7.5%

—

Revenue CAGR 3Y

10.1%

—

Revenue CAGR 5Y

11.3%

—

EPS YoY

15.5%

—

Net Income YoY

13.7%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

Peer Median

EPS (Diluted)

$12.98

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

Peer Median

Payout Ratio

28.7%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

0.88%

Payout Ratio

28.7%

5Y Div CAGR

—

Ex-date	Amount
March 6, 2026	$1.0500
Sept. 5, 2025	$0.9400
June 6, 2025	$0.9400
March 7, 2025	$0.9400
Dec. 6, 2024	$0.8400
Sept. 6, 2024	$0.8400
June 7, 2024	$0.8400
Feb. 29, 2024	$0.8400
Nov. 30, 2023	$0.7500
Aug. 31, 2023	$0.7500
June 1, 2023	$0.7500
March 2, 2023	$0.7500
Dec. 1, 2022	$0.6700
Sept. 1, 2022	$0.6700
June 2, 2022	$0.6700
March 3, 2022	$0.6700
Dec. 2, 2021	$0.5900
Sept. 2, 2021	$0.5900
June 3, 2021	$0.5900
March 4, 2021	$0.5900

TT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 34 analysts

Strong Buy 8 23.5%
Buy 11 32.4%
Hold 14 41.2%
Sell 1 2.9%
Strong Sell 0 0.0%

12-Month Price Target

22 analysts · 2026-06-02

Median $527.50

Now $458.50

Low $402.00

High $585.00

Median target $527.50 +15.1%

Mean target $520.22 +13.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.02%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$2.63	$2.61	0.02%
Dec. 31, 2025	$2.86	$2.90	-0.04%
Sept. 30, 2025	$3.88	$3.89	-0.01%
June 30, 2025	$3.88	$3.91	-0.03%
March 31, 2025	$2.45	$2.28	0.17%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
TT	$95.35B	30.0	7.5%	13.7%	36.4%	—
JCI	—	21.9	2.8%	14.0%	22.7%	36.4%
ALLE	$13.70B	21.4	7.8%	15.8%	33.4%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$21.32B	$19.84B	$17.68B	$15.99B	$14.14B	$12.45B	$13.08B	$12.34B	$14.20B	$13.51B	$13.30B	$12.89B
Cost of Revenue	·	·	·	·	·	$8.65B	$9.09B	$8.58B	$9.81B	$9.31B	$9.28B	$8.98B
R&D Expense	$348M	$310M	$252M	$211M	$194M	$165M	$174M	$167M	$211M	$208M	$206M	$212M
SG&A Expense	$3.74B	$3.58B	$2.96B	$2.55B	$2.45B	$2.27B	$2.32B	$2.25B	$2.72B	$2.60B	$2.53B	$2.50B
Operating Income	$3.97B	$3.50B	$2.89B	$2.42B	$2.02B	$1.53B	$1.67B	$1.51B	$1.67B	$1.60B	$1.49B	$1.40B
Interest Expense	$227M	$238M	$234M	$224M	$234M	$249M	$243M	$221M	$216M	$222M	$223M	$225M
Interest Income	·	·	·	·	·	·	$3M	$6M	$9M	$8M	$11M	$13M
Other Non-op	$-21M	$-20M	$-68M	$-4M	$9M	$24M	$15M	$-2M	$-32M	$360M	$-21M	$30M
Pretax Income	$3.68B	$3.24B	$2.57B	$2.17B	$1.79B	$1.29B	$1.40B	$1.26B	$1.42B	$1.74B	$1.25B	$1.21B
Income Tax	$706M	$628M	$498M	$376M	$334M	$297M	$239M	$235M	$80M	$282M	$541M	$294M
Net Income	$2.92B	$2.57B	$2.02B	$1.76B	$1.42B	$855M	$1.41B	$1.34B	$1.30B	$1.48B	$665M	$932M
EPS (Basic)	$13.09	$11.35	$8.85	$7.55	$5.96	$3.56	$5.84	$5.41	$5.11	$5.70	$2.51	$3.44
EPS (Diluted)	$12.98	$11.24	$8.77	$7.48	$5.87	$3.52	$5.77	$5.35	$5.05	$5.65	$2.48	$3.40
Shares (Basic)	223,000,000	226,200,000	228,600,000	232,600,000	238,700,000	240,100,000	241,600,000	247,200,000	254,900,000	259,200,000	265,100,000	270,500,000
Shares (Diluted)	224,900,000	228,400,000	230,700,000	234,900,000	242,300,000	243,100,000	244,400,000	250,100,000	258,100,000	261,700,000	267,800,000	274,300,000
EBITDA	$4.34B	$3.88B	$3.24B	$2.74B	$2.32B	$1.83B	$2.42B	$2.28B	$2.02B	$1.93B	$1.82B	$1.74B

Balance Sheet 29

Annual Balance Sheet data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$1.76B	$1.59B	$1.10B	$1.22B	$2.16B	$3.29B	$1.28B	$878M	$1.52B	$1.71B	$737M	$1.71B
Receivables	$3.24B	$3.09B	$2.96B	$2.78B	$2.43B	$2.20B	$2.18B	$2.68B	$2.48B	$2.22B	$2.15B	$2.12B
Inventory	$2.10B	$1.97B	$2.15B	$1.99B	$1.53B	$1.19B	$1.28B	$1.68B	$1.56B	$1.39B	$1.41B	$1.36B
Other Current Assets	$761M	$686M	$666M	$385M	$352M	$224M	$345M	$472M	$537M	$256M	$311M	$225M
Current Assets	$7.86B	$7.34B	$6.87B	$6.38B	$6.47B	$6.91B	$9.29B	$5.73B	$6.12B	$5.58B	$4.61B	$5.71B
PP&E (Net)	$2.25B	$2.02B	$1.77B	$1.54B	$1.40B	$1.35B	$1.35B	$1.73B	$1.55B	$1.51B	$1.58B	$1.48B
PP&E (Gross)	$4.63B	$4.21B	$3.82B	$3.45B	$3.22B	$3.10B	$2.96B	$3.84B	$3.66B	$3.37B	$3.23B	$3.00B
Accum. Depreciation	$2.38B	$2.18B	$2.05B	$1.91B	$1.82B	$1.76B	$1.60B	$2.10B	$2.11B	$1.86B	$1.66B	$1.53B
Goodwill	$6.46B	$6.13B	$6.10B	$5.50B	$5.50B	$5.34B	$5.13B	$5.10B	$5.94B	$5.66B	$5.73B	$5.39B
Intangibles	$3.24B	$3.31B	$3.44B	$3.26B	$3.31B	$3.29B	$3.32B	$3.63B	$3.74B	$3.79B	$3.93B	$3.78B
Other Non-current Assets	$1.61B	$1.35B	$1.21B	$1.40B	$1.38B	$1.27B	$1.40B	$858M	$824M	$864M	$877M	$940M
Total Assets	$21.42B	$20.15B	$19.39B	$18.08B	$18.06B	$18.16B	$20.49B	$17.91B	$18.17B	$17.40B	$16.72B	$17.30B
Accounts Payable	$2.15B	$2.15B	$2.03B	$2.09B	$1.79B	$1.52B	$1.38B	$1.71B	$1.56B	$1.33B	$1.25B	$1.29B
Accrued Liabilities	$2.83B	$2.79B	$2.63B	$2.01B	$2.07B	$1.59B	$1.56B	$1.73B	$1.66B	$1.43B	$1.46B	$1.42B
Short-term Debt	·	·	·	·	·	·	·	$0	$0	$143M	$143M	$100M
Current Liabilities	$6.29B	$6.07B	$6.05B	$5.69B	$4.75B	$4.34B	$5.24B	$4.32B	$4.83B	$3.59B	$3.65B	$3.67B
Capital Leases	·	·	·	·	·	·	$330M	·	·	·	·	·
Other Non-current Liabilities	$1.35B	$1.12B	$1.04B	$1.15B	$1.15B	$1.29B	$1.40B	$1.06B	$1.14B	$1.14B	$1.17B	$1.23B
Total Liabilities	$12.82B	$12.66B	$12.37B	$11.98B	$11.79B	$11.73B	$13.18B	$10.85B	$10.97B	$10.68B	$10.84B	$11.25B
Long-term Debt	$4.62B	$4.77B	$4.78B	$4.84B	$4.84B	$5.27B	$5.57B	$4.09B	$4.06B	$4.06B	$4.09B	$4.11B
Total Debt	$3.92B	$4.32B	$3.98B	$3.79B	$4.49B	$4.50B	$4.92B	$3.74B	$2.96B	$3.71B	$3.88B	$3.84B
Common Stock	$245M	$249M	$252M	$253M	$260M	$263M	$263M	$266M	$274M	$272M	$269M	$266M
Paid-in Capital	·	·	·	$0	$0	$0	$0	$0	$461M	$346M	$223M	$97M
Retained Earnings	$10.42B	$9.79B	$9.13B	$8.32B	$8.35B	$8.50B	$9.73B	$9.44B	$8.90B	$8.02B	$6.90B	$6.54B
Treasury Stock	$1.65B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$703M	$453M	$202M
AOCI	$-439M	$-864M	$-671M	$-766M	$-638M	$-632M	$-1.01B	$-964M	$-779M	$-1.29B	$-1.12B	$-714M
Stockholders' Equity	$8.58B	$7.46B	$7.00B	$6.09B	$6.26B	$6.41B	$7.27B	$7.02B	$7.14B	$6.64B	$5.82B	$5.99B
Liabilities + Equity	$21.42B	$20.15B	$19.39B	$18.08B	$18.06B	$18.16B	$20.49B	$17.91B	$18.17B	$17.40B	$16.72B	$17.30B
Shares Outstanding	245,000,000	249,000,000	251,700,000	253,300,000	259,700,000	263,300,000	262,800,000	266,400,000	274,000,000	271,700,000	269,000,000	266,300,000

Cash Flow 19

Annual Cash Flow data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$376M	$379M	$348M	$324M	$299M	$294M	$289M	$282M	$353M	$352M	$364M	$332M
Stock-based Comp	$87M	$83M	$64M	$56M	$66M	$70M	$66M	$79M	$71M	·	·	·
Deferred Tax	$114M	$-129M	$-54M	$68M	$-25M	$22M	$-21M	$-98M	$-117M	$-34M	$108M	$-23M
Amort. of Intangibles	$164M	$181M	$165M	$143M	$124M	$116M	$117M	$117M	$132M	$132M	$150M	$128M
Restructuring	·	·	$15M	$21M	$27M	$76M	·	·	·	·	·	·
Other Non-cash	$-301M	$244M	$7M	$-700M	$-176M	$194M	$28M	$-148M	$-15M	$-294M	$-285M	$-268M
Operating Cash Flow	$3.19B	$3.15B	$2.39B	$1.50B	$1.59B	$1.44B	$1.92B	$1.41B	$1.52B	$1.52B	$888M	$973M
CapEx	$383M	$371M	$301M	$292M	$223M	$146M	$205M	$285M	$221M	$183M	$250M	$234M
Investing Cash Flow	$-640M	$-563M	$-1.17B	$-540M	$-546M	$-376M	$-1.78B	$-629M	$-375M	$240M	$-1.19B	$-197M
Debt Issued	$0	$498M	$699M	$0	$0	$0	$1.50B	$1.15B	$0	$0	$0	$1.11B
Net Debt Issued	$-159M	$-9M	$-55M	$-10M	$-432M	$-308M	$1.49B	$24M	$0	$0	$-24M	$601M
Stock Repurchased	$1.48B	$1.28B	$669M	$1.20B	$1.10B	$250M	$750M	$900M	$1.02B	$250M	$250M	$1.37B
Net Stock Activity	$-1.48B	$-1.28B	$-669M	$-1.20B	$-1.10B	$-250M	$-750M	$-900M	$-1.02B	$-250M	$-250M	$-1.37B
Dividends Paid	$837M	$758M	$684M	$620M	$561M	$507M	$510M	$480M	$430M	$349M	$303M	$265M
Financing Cash Flow	$-2.50B	$-2.02B	$-1.35B	$-1.85B	$-2.13B	$884M	$270M	$-1.38B	$-1.43B	$-727M	$-528M	$-860M
Net Change in Cash	$173M	$495M	$-125M	$-939M	$-1.13B	$2.01B	$400M	$-646M	$-165M	$978M	$-968M	$-232M
Taxes Paid	$647M	$717M	$526M	$321M	$357M	$152M	$425M	$375M	$287M	$334M	$409M	$160M
Free Cash Flow	$2.81B	$2.77B	$2.09B	$1.21B	$1.37B	$1.29B	$1.67B	$1.04B	$1.30B	$1.32B	$602M	$740M
Levered FCF	$2.63B	$2.58B	$1.90B	$1.03B	$1.18B	$1.10B	$1.47B	$859M	$1.10B	$1.13B	$475M	$569M

Profitability 7

Annual Profitability data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	18.6%	17.6%	16.4%	15.1%	14.3%	12.3%	12.2%	12.2%	11.7%	11.6%	11.0%	10.9%
Net Margin	13.7%	12.9%	11.5%	11.0%	10.1%	6.9%	8.5%	8.5%	9.2%	10.9%	5.0%	7.2%
Pretax Margin	17.2%	16.3%	14.5%	13.6%	12.7%	10.3%	10.5%	10.6%	10.0%	12.9%	9.4%	9.4%
EBITDA Margin	20.4%	19.6%	18.3%	17.2%	16.4%	14.7%	14.5%	14.5%	14.2%	14.2%	13.7%	13.5%
ROA	14.0%	13.0%	10.8%	9.7%	7.9%	4.4%	7.3%	7.4%	7.3%	8.6%	3.9%	5.3%
ROE	36.4%	35.5%	30.9%	28.5%	22.5%	12.5%	19.8%	18.9%	18.9%	23.7%	11.3%	14.3%
ROIC	25.7%	24.0%	21.2%	20.2%	15.3%	10.8%	13.2%	14.8%	15.6%	12.7%	8.5%	10.8%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.3	1.2	1.1	1.1	1.4	1.6	1.3	1.3	1.3	1.6	1.3	1.6
Quick Ratio	0.8	0.8	0.7	0.7	1.0	1.3	0.8	0.8	0.8	1.1	0.8	1.0
Debt / Equity	0.5	0.6	0.6	0.6	0.7	0.7	0.7	0.5	0.4	0.6	0.7	0.6
LT Debt / Equity	0.5	0.6	0.6	0.6	0.7	0.7	0.7	0.5	0.4	0.6	0.6	0.6
Interest Coverage	17.5	14.7	12.3	10.8	8.7	6.2	8.3	8.7	7.7	7.1	6.5	6.2

Efficiency 3

Annual Efficiency data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.0	1.0	0.9	0.9	0.8	0.6	0.9	0.9	0.8	0.8	0.8	0.7
Inventory Turnover	·	·	·	·	·	7.0	6.8	6.7	6.7	6.7	6.7	7.1
Receivables Turnover	6.7	6.6	6.2	6.1	6.1	5.7	6.1	6.1	6.0	6.2	6.2	6.2

Per Share 7

Annual Per Share data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$35.02	$29.95	$27.79	$24.04	$24.09	$24.34	$27.65	$26.36	$26.06	$24.45	$21.62	$22.48
Revenue / Share	$94.81	$86.86	$76.63	$68.08	$58.34	$51.23	$67.92	$62.65	$55.01	$51.62	$49.67	$47.00
Cash Flow / Share	$14.20	$13.77	$10.36	$6.40	$6.56	$5.90	$7.85	$5.63	$5.90	$5.73	$3.18	$3.55
Cash / Share	$7.20	$6.39	$4.35	$4.82	$8.31	$12.49	$4.96	$3.39	$5.65	$6.31	$2.74	$6.40
Dividend / Share	$4	$3	$3	$3	$2	$2	$2	$2	$2	·	·	·
Dividend Paid / Share	·	·	·	·	·	·	·	$0	·	$1	$1	$1
EPS (TTM)	$12.98	$11.24	$8.77	$7.48	$5.87	$3.52	$5.77	$5.35	$5.05	$5.65	$2.48	$3.40

Growth Rates 10

Annual Growth Rates data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	7.5%	12.2%	10.5%	13.1%	13.5%	·	·	·	·	·	·	·
Revenue CAGR 3Y	10.1%	12.0%	12.4%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	11.3%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	15.5%	28.2%	17.2%	27.4%	66.8%	·	·	·	·	·	·	·
EPS CAGR 3Y	20.2%	24.2%	35.6%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	29.8%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	13.7%	26.9%	15.2%	23.4%	66.5%	·	·	·	·	·	·	·
Net Income CAGR 3Y	18.4%	21.7%	33.3%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	27.8%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	10.5%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 16

Annual Valuation (TTM) data for TT
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$21.32B	$19.84B	$17.68B	$15.99B	$14.14B	$12.45B	$13.08B	$12.34B	$14.20B	$13.51B	$13.30B	$12.89B
Net Income TTM	$2.92B	$2.57B	$2.02B	$1.76B	$1.42B	$855M	$1.41B	$1.34B	$1.30B	$1.48B	$665M	$932M
Market Cap	$95.35B	$91.97B	$61.39B	$42.58B	$52.47B	$38.22B	$27.10B	$18.85B	$18.96B	$15.82B	$11.54B	$13.10B
Enterprise Value	$97.51B	$94.70B	$64.27B	$45.14B	$54.80B	$39.43B	$30.72B	$21.69B	$20.37B	$17.81B	$14.68B	$15.23B
P/E	30.0	32.9	27.8	22.5	34.4	41.2	17.9	13.2	13.7	10.3	17.3	14.5
P/S	4.5	4.6	3.5	2.7	3.7	3.1	2.1	1.5	1.3	1.2	0.9	1.0
P/B	11.1	12.3	8.8	7.0	8.4	6.0	3.7	2.7	2.7	2.4	2.0	2.2
P / Cash Flow	29.8	29.2	25.7	28.3	33.0	26.6	14.1	13.4	12.4	10.5	13.6	13.5
P / FCF	33.9	33.1	29.4	35.1	38.4	29.7	16.3	18.1	14.6	12.0	19.2	17.7
EV / EBITDA	22.4	24.4	19.8	16.5	23.6	21.6	12.7	9.5	10.1	9.3	8.1	8.8
EV / FCF	34.7	34.1	30.8	37.2	40.1	30.6	18.4	20.8	15.6	13.5	24.4	20.6
EV / Revenue	4.6	4.8	3.6	2.8	3.9	3.2	2.3	1.8	1.4	1.3	1.1	1.2
Dividend Yield	0.88%	0.82%	1.1%	1.5%	1.1%	1.3%	1.9%	2.5%	2.3%	2.2%	2.6%	2.0%
Earnings Yield	3.3%	3.0%	3.6%	4.5%	2.9%	2.4%	5.6%	7.6%	7.3%	9.7%	5.8%	6.9%
Payout Ratio	28.7%	29.5%	33.8%	35.3%	39.4%	59.3%	36.1%	35.9%	33.0%	23.6%	45.6%	28.4%
Annual Payout	$837M	$758M	$684M	$620M	$561M	$507M	$510M	$480M	$430M	$349M	$303M	$265M

Income Statement 14

Quarterly Income Statement data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$4.97B	$5.14B	$5.74B	$5.75B	$4.69B	$4.87B	$5.44B	$5.31B	$4.22B	$4.42B	$4.88B	$4.70B	$3.67B	$4.07B	$4.37B	$4.19B
Cost of Revenue	$3.24B	·	$3.62B	$3.59B	$3.01B	·	$3.47B	$3.37B	$2.76B	·	$3.22B	$3.12B	$2.52B	·	$2.94B	$2.87B
SG&A Expense	$952M	$935M	$953M	$996M	$859M	$903M	$950M	$901M	$826M	$784M	$794M	$699M	$687M	$639M	$693M	$613M
Operating Income	$776M	$819M	$1.17B	$1.16B	$819M	$808M	$1.02B	$1.03B	$634M	$688M	$864M	$885M	$457M	$581M	$740M	$711M
Interest Expense	$56M	$56M	$56M	$57M	$58M	$60M	$63M	$58M	$58M	$57M	$58M	$62M	$58M	$56M	$56M	$56M
Other Non-op	$17M	$-2M	$-10M	$-4M	$-4M	$-2M	$-2M	$-4M	$-12M	$-7M	$-3M	$-56M	$-2M	$-2M	$-2M	$-200.0K
Pretax Income	·	$741M	$1.09B	$1.09B	$753M	$751M	$968M	$973M	$551M	$615M	$796M	$766M	$390M	$522M	$665M	$653M
Income Tax	$136M	$123M	$232M	$217M	$135M	$135M	$181M	$206M	$106M	$98M	$158M	$170M	$73M	$74M	$105M	$137M
Net Income	$584M	$591M	$848M	$875M	$605M	$604M	$772M	$755M	$436M	$504M	$626M	$586M	$307M	$439M	$548M	$509M
EPS (Basic)	$2.64	$2.66	$3.81	$3.92	$2.70	$2.68	$3.42	$3.33	$1.92	$2.20	$2.74	$2.57	$1.34	$1.90	$2.36	$2.18
EPS (Diluted)	$2.62	$2.64	$3.78	$3.89	$2.67	$2.65	$3.39	$3.30	$1.90	$2.17	$2.72	$2.55	$1.33	$1.88	$2.34	$2.16
Shares (Basic)	221,600,000	-447,200,000	222,600,000	223,200,000	224,400,000	-453,600,000	225,800,000	226,600,000	227,400,000	-457,800,000	228,600,000	228,500,000	229,300,000	-467,700,000	231,900,000	233,800,000
Shares (Diluted)	223,100,000	-451,000,000	224,400,000	225,100,000	226,400,000	-457,800,000	228,000,000	228,700,000	229,500,000	-461,700,000	230,600,000	230,300,000	231,500,000	-471,900,000	234,000,000	235,700,000
EBITDA	$877M	·	$1.17B	$1.16B	$918M	·	$1.12B	$1.13B	$725M	·	$956M	$974M	$537M	·	$824M	$790M

Balance Sheet 27

Quarterly Balance Sheet data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	·	$1.76B	·	·	·	$1.59B	·	·	·	·	·	·	·	·	·	·
Receivables	$3.77B	$3.24B	$3.60B	$3.61B	$3.16B	$3.09B	$3.39B	$3.43B	$2.94B	·	$3.14B	$3.20B	$2.61B	·	$2.87B	$2.76B
Inventory	$2.40B	$2.10B	$2.36B	$2.36B	$2.22B	$1.97B	$2.03B	$2.20B	$2.38B	·	$2.19B	$2.36B	$2.34B	·	$1.95B	$1.89B
Other Current Assets	$758M	$761M	$776M	$764M	$694M	$686M	$745M	$751M	$715M	·	$433M	$456M	$432M	·	$402M	$390M
Current Assets	$8.00B	$7.86B	$7.86B	$7.51B	$6.93B	$7.34B	$8.10B	$7.71B	$6.89B	·	$6.73B	$6.67B	$6.07B	·	$6.30B	$6.13B
PP&E (Net)	$2.34B	$2.25B	$2.21B	$2.18B	$2.07B	$2.02B	$1.91B	$1.83B	$1.79B	·	$1.68B	$1.65B	$1.58B	·	$1.43B	$1.43B
PP&E (Gross)	·	$4.63B	·	·	·	$4.21B	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	·	$2.38B	·	·	·	$2.18B	·	·	·	·	·	·	·	·	·	·
Goodwill	$6.96B	$6.46B	$6.44B	$6.45B	$6.36B	$6.13B	$6.21B	$6.06B	$6.06B	$6.10B	$5.72B	$5.75B	$5.52B	$5.50B	$5.37B	$5.46B
Intangibles	$3.56B	$3.24B	$3.27B	$3.31B	$3.34B	$3.31B	$3.36B	$3.35B	$3.39B	·	$3.34B	$3.39B	$3.23B	·	$3.24B	$3.28B
Other Non-current Assets	$1.89B	$1.61B	$1.59B	$1.55B	$1.42B	$1.35B	$1.32B	$1.25B	$1.22B	·	$1.44B	$1.44B	$1.49B	·	$1.40B	$1.39B
Total Assets	$22.75B	$21.42B	$21.37B	$20.99B	$20.12B	$20.15B	$20.90B	$20.20B	$19.34B	·	$18.90B	$18.91B	$17.90B	·	$17.74B	$17.68B
Accounts Payable	$2.42B	$2.15B	$2.40B	$2.53B	$2.27B	$2.15B	$2.19B	$2.18B	$2.01B	·	$2.09B	$2.18B	$1.96B	·	$2.06B	$2.00B
Accrued Liabilities	$3.66B	$2.83B	$2.82B	$3.01B	$2.79B	$2.79B	$2.86B	$2.96B	$2.76B	·	$2.26B	$2.44B	$2.17B	·	$1.96B	$2.12B
Current Liabilities	$7.31B	$6.29B	$6.52B	$6.80B	$6.37B	$6.07B	$6.63B	$6.59B	$6.10B	·	$5.21B	$5.59B	$4.83B	·	$5.55B	$5.63B
Other Non-current Liabilities	$1.62B	$1.35B	$1.35B	$1.31B	$1.19B	$1.12B	$1.09B	$1.03B	$1.07B	·	$1.19B	$1.19B	$1.22B	·	$1.17B	$1.15B
Total Liabilities	$14.14B	$12.82B	$13.03B	$13.14B	$12.60B	$12.66B	$13.29B	$13.23B	$12.43B	·	$12.20B	$12.63B	$11.84B	·	$11.87B	$11.94B
Long-term Debt	·	$4.62B	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Total Debt	$3.92B	·	$3.92B	$3.92B	$3.92B	·	$4.32B	$4.32B	$3.98B	·	$4.48B	$4.48B	$4.48B	·	$3.79B	$3.79B
Common Stock	$245M	$245M	$246M	$247M	$248M	$249M	$250M	$250M	$251M	·	$252M	$253M	$252M	·	$255M	$256M
Paid-in Capital	·	·	·	·	·	·	·	·	·	·	·	$23M	·	·	$0	$12M
Retained Earnings	$10.49B	$10.42B	$10.31B	$9.81B	$9.70B	$9.79B	$9.70B	$9.19B	$9.10B	·	$8.97B	$8.45B	$8.20B	·	$8.32B	$8.00B
Treasury Stock	$1.65B	$1.65B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	$1.72B	·	$1.72B	$1.72B	$1.72B	·	$1.72B	$1.72B
AOCI	$-496M	$-439M	$-515M	$-501M	$-741M	$-864M	$-636M	$-778M	$-746M	$-671M	$-822M	$-743M	$-699M	$-766M	$-998M	$-829M
Stockholders' Equity	$8.59B	$8.58B	$8.33B	$7.83B	$7.49B	$7.46B	$7.59B	$6.95B	$6.89B	·	$6.68B	$6.26B	$6.04B	·	$5.86B	$5.72B
Liabilities + Equity	$22.75B	$21.42B	$21.37B	$20.99B	$20.12B	$20.15B	$20.90B	$20.20B	$19.34B	·	$18.90B	$18.91B	$17.90B	·	$17.74B	$17.68B
Shares Outstanding	244,700,000	245,000,000	246,500,000	247,200,000	248,000,000	249,000,000	249,700,000	250,400,000	251,200,000	251,700,000	252,300,000	252,800,000	252,500,000	253,300,000	254,800,000	256,200,000

Cash Flow 16

Quarterly Cash Flow data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$101M	$91M	$88M	$98M	$99M	$97M	$95M	$96M	$92M	$88M	$92M	$88M	$80M	$82M	$84M	$80M
Stock-based Comp	$27M	$19M	$20M	$25M	$22M	$19M	$20M	$24M	$20M	$10M	$13M	$16M	$24M	$10M	$11M	$14M
Amort. of Intangibles	$44M	$36M	$36M	$45M	$47M	$46M	$45M	$45M	$45M	$43M	$45M	$42M	$35M	$37M	$36M	$36M
Other Non-cash	$-86M	·	·	·	$-387M	·	·	·	$-300M	·	·	·	$-403M	·	·	·
Operating Cash Flow	$626M	$1.16B	$1.00B	$692M	$340M	$900M	$1.30B	$696M	$247M	$935M	$922M	$524M	$8M	$760M	$510M	$422M
CapEx	$80M	$106M	$68M	$90M	$119M	$126M	$88M	$73M	$84M	$84M	$83M	$57M	$77M	$89M	$59M	$69M
Investing Cash Flow	$-756M	$-85M	$-69M	$-101M	$-385M	$324M	$-260M	$-545M	$-82M	$-436M	$-89M	$-556M	$-91M	$-215M	$-67M	$-175M
Debt Issued	·	$0	$0	·	·	$0	$0	$498M	$0	$100.0K	$0	$0	$699M	$0	$0	$0
Net Debt Issued	$-400M	·	·	·	·	·	·	·	$0	·	·	·	$-900.0K	·	·	·
Stock Repurchased	$287M	$231M	$370M	$402M	$478M	$355M	$302M	$324M	$300M	$210M	$160M	$0	$300M	$300M	$250M	$300M
Net Stock Activity	$-287M	·	·	·	$-478M	·	·	·	$-300M	·	·	·	$-300M	·	·	·
Dividends Paid	$232M	$208M	$209M	$210M	$210M	$189M	$189M	$190M	$190M	$171M	$172M	$171M	$170M	$153M	$156M	$155M
Financing Cash Flow	$-546M	$-439M	$-576M	$-758M	$-723M	$-1.03B	$-486M	$-118M	$-387M	$-398M	$-516M	$23M	$-459M	$-439M	$-411M	$-467M
Net Change in Cash	$-689M	$638M	$352M	$-86M	$-730M	$120M	$595M	$25M	$-245M	$135M	$296M	$-29M	$-528M	$140M	$-10M	$-258M
Free Cash Flow	$546M	·	·	·	$221M	·	·	·	$163M	·	·	·	$-69M	·	·	·
Levered FCF	·	·	·	·	$173M	·	·	·	$116M	·	·	·	$-115M	·	·	·

Profitability 7

Quarterly Profitability data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	15.6%	·	20.3%	20.3%	17.5%	·	18.8%	19.5%	15.0%	·	17.7%	18.8%	12.5%	·	16.9%	17.0%
Net Margin	11.8%	·	14.8%	15.2%	12.9%	·	14.2%	14.2%	10.3%	·	12.8%	12.5%	8.4%	·	12.5%	12.2%
Pretax Margin	·	·	19.0%	19.0%	16.1%	·	17.8%	18.3%	13.1%	·	16.3%	16.3%	10.6%	·	15.2%	15.6%
EBITDA Margin	17.6%	·	20.3%	20.3%	19.6%	·	20.6%	21.3%	17.2%	·	19.6%	20.7%	14.6%	·	18.8%	18.9%
ROA	2.7%	·	4.0%	4.2%	3.1%	·	3.9%	3.9%	2.3%	·	3.4%	3.2%	1.7%	·	3.0%	2.8%
ROE	7.3%	·	10.7%	11.8%	8.4%	·	10.8%	11.4%	6.8%	·	10.0%	9.8%	5.1%	·	8.9%	8.4%
ROIC	·	·	7.5%	7.9%	5.9%	·	7.0%	7.2%	4.7%	·	6.2%	6.4%	3.5%	·	6.5%	5.9%

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.1	·	1.2	1.1	1.1	·	1.2	1.2	1.1	·	1.3	1.2	1.3	·	1.1	1.1
Quick Ratio	0.5	·	0.6	0.5	0.5	·	0.5	0.5	0.5	·	0.6	0.6	0.5	·	0.5	0.5
Debt / Equity	0.5	·	0.5	0.5	0.5	·	0.6	0.6	0.6	·	0.7	0.7	0.7	·	0.6	0.7
LT Debt / Equity	0.5	·	0.5	0.5	0.5	·	0.6	0.6	0.6	·	0.7	0.7	0.7	·	0.6	0.7
Interest Coverage	14.0	·	21.0	20.3	14.1	·	16.3	18.0	10.9	·	14.9	14.4	7.9	·	13.3	12.7

Efficiency 3

Quarterly Efficiency data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover	0.2	·	0.3	0.3	0.2	·	0.3	0.3	0.2	·	0.3	0.3	0.2	·	0.2	0.2
Inventory Turnover	1.4	·	1.7	1.6	1.3	·	1.6	1.5	1.2	·	1.6	1.5	1.2	·	1.7	1.8
Receivables Turnover	1.4	·	1.6	1.6	1.5	·	1.7	1.6	1.5	·	1.6	1.6	1.5	·	1.6	1.6

Per Share 5

Quarterly Per Share data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$35.11	·	$33.78	$31.69	$30.21	·	$30.40	$27.74	$27.43	·	$26.48	$24.76	$23.91	·	$22.99	$22.34
Revenue / Share	$22.27	·	$25.59	$25.53	$20.71	·	$23.86	$23.21	$18.37	·	$21.17	$20.43	$15.84	·	$18.68	$17.78
Cash Flow / Share	$2.81	·	·	·	$1.50	·	·	·	$1.08	·	·	·	$0.04	·	·	·
Dividend / Share	$1	$1	$0	$2	$1	$1	$0	$2	$1	$1	$0	$2	$1	$1	$0	$1
EPS (TTM)	$12.96	·	$13.73	$13.25	$11.26	·	$11.31	$10.47	$8.50	·	$8.94	$8.38	$6.93	·	$7.28	$6.85

Valuation (TTM) 10

Quarterly Valuation (TTM) data for TT
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$21.15B	·	$21.62B	$21.18B	$19.65B	·	$19.85B	$19.11B	$17.47B	·	$17.63B	$16.93B	$15.58B	·	$15.64B	$15.10B
Net Income TTM	$2.91B	·	$3.10B	$3.01B	$2.57B	·	$2.59B	$2.40B	$1.96B	·	$2.07B	$1.95B	$1.62B	·	$1.72B	$1.64B
Market Cap	$101.98B	·	$104.01B	$108.13B	$83.56B	·	$97.07B	$82.36B	$75.41B	·	$51.19B	$48.35B	$46.45B	·	$36.90B	$33.27B
P/E	32.2	·	30.7	33.0	29.9	·	34.4	31.4	35.3	·	22.7	22.8	26.5	·	19.9	19.0
P/S	4.8	·	4.8	5.1	4.3	·	4.9	4.3	4.3	·	2.9	2.9	3.0	·	2.4	2.2
P/B	11.9	·	12.5	13.8	11.2	·	12.8	11.9	10.9	·	7.7	7.7	7.7	·	6.3	5.8
P / Cash Flow	162.8	·	·	·	246.1	·	·	·	305.1	·	·	·	5465.3	·	·	·
P / FCF	186.6	·	·	·	378.8	·	·	·	461.5	·	·	·	-677.2	·	·	·
Earnings Yield	3.1%	·	3.2%	3.0%	3.3%	·	2.9%	3.2%	2.8%	·	4.4%	4.4%	3.8%	·	5.0%	5.3%
Payout Ratio	39.6%	·	·	·	34.7%	·	·	·	43.4%	·	·	·	55.5%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$21.32B	$19.84B	$17.68B	$15.99B	$14.14B
Operating Margin %	18.6%	17.6%	16.4%	15.1%	14.3%
Net Income	$2.92B	$2.57B	$2.02B	$1.76B	$1.42B
Diluted EPS	$12.98	$11.24	$8.77	$7.48	$5.87

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.5	0.6	0.6	0.6	0.7
Current Ratio	1.3	1.2	1.1	1.1	1.4
Quick Ratio	0.8	0.8	0.7	0.7	1.0

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$2.81B	$2.77B	$2.09B	$1.21B	$1.37B

Latest News Recent headlines mentioning this company

Daily Dividend Report: VZ,AXP,TT,CARR,PLOW Nasdaq · 3 hours, 7 minutes ago
Jim Cramer on Trane Technologies: “The Whole Business Is Thriving” Yahoo Finance · 2 weeks, 5 days ago

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