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

Trane Technologies plc (TT) Free cash flow margin

Alert me on Free cash flow margin

Trane Technologies plc's free cash flow margin over the twelve months to 30 September 2026 was 16.5%, up 3.2 percentage points from fiscal 2025 (13.3%). Over the past ten years it has ranged from 4.94% (fiscal 2015) to 14.0% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Building Products & Equipment industry median of 6.41% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 13.3% (0.73)
FY2024 14.0% 2.14
FY2023 11.9% 4.23
FY2022 7.64% (2.12)
FY2021 9.76% (0.59)
FY2020 10.4% (2.78)
FY2019 13.1% 3.95
FY2018 9.18% 0.00
FY2017 9.18% (0.80)
FY2016 9.98% 5.04

Against its own ten years

Low 4.94% High 14.0%
Ten-year median 9.98%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
MAIR Madison Air Solutions Corporation compare 20.0%
TT Trane Technologies plc 16.5%
LII Lennox International, Inc. compare 15.4%
CSL Carlisle Companies Incorporated compare 14.4%
MAS Masco Corporation compare 13.8%
JCI Johnson Controls International plc compare 13.3%
CARR Carrier Global Corporation compare 10.4%
OC Owens Corning Inc compare 8.79%
WMS Advanced Drainage Systems, Inc. compare 0.00%
Building Products & Equipment industry median 6.41%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on TT