Trane Technologies plc (TT) is a publicly traded company in the Industrials — Industrial - Machinery industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency pr...
Analysis Summary
Trane Technologies plc reported revenue of $21.32B in the most recent fiscal year, growing at a 5-year CAGR of 11.4%. Net income reached $2.92B, with a 27.8% 5-year CAGR.
Trailing-twelve-month margins: gross margin 35.4%, operating margin 17.9%, net margin 13.3%. Free cash flow grew at 16.9% CAGR over 5 years.
At the current price of $421.68, TT trades at a P/E of 32.08 and an ROE of 34.49%. Market capitalisation stands at $92.8B, placing it among large-cap names.
Balance sheet quality for TT: current ratio of 1.3, net debt of $2.85B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $2.81B represents 96% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $421.68 |
| Market Cap | $92.8B |
| Exchange | NYSE |
| Country | IE |
Valuation Ratios
| P/E Ratio | 32.08 |
| Price / Book | 10.98 |
| EV / EBITDA | 22.00 |
| Dividend Yield | 0.96% |
Profitability
| Return on Equity | 34.49% |
| Return on Invested Capital | 19.89% |
| Return on Assets | 12.33% |
| Gross Margin | 35.39% |
| Operating Margin | 17.94% |
| Net Margin | 13.28% |
Financial Health
| Debt / Equity | 0.53 |
| Current Ratio | 1.07 |
What to look at in Industrials
Aerospace, defence, machinery, transport. Semi-cyclical. Key: backlog, operating margins, and FCF conversion.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — The best indicator of operational discipline in industrials
- ROIC — Quality industrials have ROIC >15% — the rest destroy capital
- FCF conversion — FCF / Net Income — in industrials good >85%
- Net debt / EBITDA — Cyclical industrials with high debt suffer hard in recessions
- Capex / Revenue — Maintaining the machinery. <4% = possible underinvestment (future decline)
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TT | Trane Technologies plc | $92.8B | 32.08 | 10.98 | 34.5% |
| EMR | Emerson Electric Co. | $85.2B | 31.78 | 4.00 | 12.7% |
| ADP | Automatic Data Processing, Inc. | $109.2B | 25.83 | 18.77 | 70.2% |
| LMT | Lockheed Martin Corporation | $122.3B | 19.79 | 14.16 | 86.2% |
| NOC | Northrop Grumman Corporation | $75.4B | 17.11 | 4.29 | 26.6% |
| GD | General Dynamics Corporation | $97.4B | 21.86 | 3.66 | 17.4% |
| JCI | Johnson Controls International plc | $85.1B | 22.91 | 5.95 | 25.5% |
| MMM | 3M Company | $83.9B | 28.03 | 28.18 | 77.1% |
Price Performance
| 1 month | -9.00% |
| 3 months | -12.77% |
| Year-to-date | +8.35% |
| 1 year | +5.69% |
| 3 years | +106.98% |
52-Week Range
| 52-week High | $505.87 |
| 52-week Low | $348.06 |
| Avg Volume (90d) | 1.2M |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-09-04 | $1.0500 | 1.00% |
| 2026-06-05 | $1.0500 | 1.00% |
| 2026-03-06 | $1.0500 | 1.00% |
| 2025-12-05 | $0.9400 | 0.89% |
| 2025-09-05 | $0.9400 | 0.89% |
| 2025-06-06 | $0.9400 | 0.89% |
| 2025-03-07 | $0.9400 | 0.89% |
| 2024-12-06 | $0.8400 | 0.80% |
| 2024-09-06 | $0.8400 | 0.80% |
| 2024-06-07 | $0.8400 | 0.80% |
Related companies: ADP · CARR · EMR · GD · JCI · LMT · MMM
Explore sector: Industrials · Industrial - Machinery
More sections of TT: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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