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Saturday 17 October 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. In the quarter to June 2026, revenue grew 10.6%, EPS grew 6.94%, free cash flow grew 67.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

458.89 1.53 +0.33%
Market cap
$100.6B
P/E
34.8×
Fwd P/E
30.8×
Dividend yield
0.89%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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 June 2026 was 0.5×, down 0.0× 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 above the Building Products & Equipment industry median of 0.4× 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
Jun 2026 0.5× (0.37%)
Mar 2026 0.5× (0.11%)
Dec 2025 0.5× (2.97%)
Sep 2025 0.6× (5.87%)
42 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 −27.5×
SPXC SPX Technologies, Inc. compare 0.3×
TT Trane Technologies plc 0.5×
JCI Johnson Controls International plc compare 0.7×
CARR Carrier Global Corporation compare 0.9×
LII Lennox International, Inc. compare 0.9×
WMS Advanced Drainage Systems, Inc. compare 1.0×
OC Owens Corning Inc compare 1.3×
CSL Carlisle Companies Incorporated compare 1.8×
Building Products & Equipment industry median 0.4×
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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