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Friday 6 November 2026 Export TT’s income statement to Excel — free account

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

394.05 16.43 −4.00%
Market cap
$85.9B
P/E
27.8×
Fwd P/E
27.1×
Dividend yield
1.04%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
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Trane Technologies plc (TT) Debt to equity

Alert me on Debt to equity

Trane Technologies plc's debt to equity at the end of the quarter to 30 September 2026 was 0.5×, down 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 0.8× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Building Products & Equipment industry median of 0.6× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (15.79%)
FY2024 0.6× (6.46%)
FY2023 0.7× (14.01%)
FY2022 0.8× 2.63%
FY2021 0.8× (5.90%)
FY2020 0.8× 7.62%
FY2019 0.8× 31.62%
FY2018 0.6× 2.70%
FY2017 0.6× (6.92%)
FY2016 0.6× (15.56%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.5× (13.52%)
Jun 2026 0.5× (0.37%)
Mar 2026 0.5× (0.11%)
Dec 2025 0.5× (2.97%)
43 more quarters

Against its own ten years

Low 0.5× High 0.8×
Ten-year median 0.7×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
MAS Masco Corporation compare −16.8×
TT Trane Technologies plc 0.5×
JCI Johnson Controls International plc compare 0.7×
MAIR Madison Air Solutions Corporation compare 0.8×
LII Lennox International, Inc. compare 0.9×
WMS Advanced Drainage Systems, Inc. compare 1.0×
CARR Carrier Global Corporation compare 1.1×
OC Owens Corning Inc compare 1.5×
CSL Carlisle Companies Incorporated compare 2.0×
Building Products & Equipment industry median 0.6×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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