Companies / Industrials
TT
Trane Technologies
Building Products
Building ProductsAnalysis in progress
In progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health68
Growth54
Profitability60
Cash generation66
Balance sheet68
Dilution control89
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)17.7%Revenue growth (FY)7.5%Revenue CAGR (3y)10.1%Gross margin—Operating margin18.6%Net margin13.7%Free cash flow margin13.2%R&D / revenue1.6%Stock comp / revenue0.4%Net debt / operating cash flow1.11xCurrent ratio1.25Diluted share count change-1.5%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $16.0B | $17.7B | $19.8B | $21.3B |
| Operating income | $2.0B | $2.4B | $2.9B | $3.5B | $4.0B |
| Net income | $1.4B | $1.8B | $2.0B | $2.6B | $2.9B |
| Operating cash flow | $1.6B | $1.5B | $2.4B | $3.1B | $3.2B |
| Capital expenditure | $223M | $292M | $301M | $371M | $383M |
| Free cash flow | $1.4B | $1.2B | $2.1B | $2.8B | $2.8B |
| R&D | $194M | $211M | $252M | $310M | $348M |
| Stock-based comp | $66M | $56M | $64M | $83M | $87M |
| Buybacks | $1.1B | $1.2B | $669M | $1.3B | $1.5B |
| Dividends | $561M | $620M | $684M | $758M | $837M |
| Cash | $2.2B | $1.2B | $1.1B | $1.6B | $1.8B |
| Total debt | $5.2B | $5.9B | $5.6B | $5.2B | $5.3B |
| Equity | $6.3B | $6.1B | $7.0B | $7.5B | $8.6B |
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