Trane Technologies plc
TT Industrials Building Products & Equipment
Trane Technologies plc’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 7.48% from fiscal 2024.
- Revenue
- +17.7%
- EPS
- +25.4%
- Free cash flow
- +28.8%
- Total debt
- −8.63%
Quarter to September 2026, against a year earlier
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Trane Technologies plc 10-Q filed Oct 30, 2025
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2025: 3 added · 1 removed · 24 modified; 24 with only figures updated; 2 moved without change
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Modified · Trends and Economic Events
Conditions remain mixed across our served end markets and geographies. Overall Commercial HVAC markets in Americas and EMEA remain strong due to demand for our differentiated customer driven solutions and the benefits of installing energy efficient products and decarbonizing the built environment. In Asia, markets remain dynamic
,withweakmixed macro-economic conditionsdriving soft demand in China balanced by stronger demand inacross therest of Asiaregion. Transport refrigeration markets continue to experiencesoftweaker demand, particularly in the United States. Residential marketsin the United States continuehave weakened considerably throughout 2025 due toprogress through thenavigating a regulatory refrigerant transition, softer consumer demand and elevated channel inventory, while uncertainties remain from economic risks and higher interest rates.