Is Trane Technologies (TT) overvalued or fairly valued?

MarketChacha shows Trane Technologies's valuation in context — a trailing P/E of about 31.8, a forward P/E of about 26.3, a price-to-book of about 11.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Trane Technologies's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.16×) from reported figures — education, not a rating.

What is Trane Technologies's revenue?

Trane Technologies reported revenue of $21.3B for FY2025, with net profit of $2.9B, per official filings.

What is the share price of Trane Technologies (TT)?

Trane Technologies last traded at $459.74 (-1.1% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Trane Technologies

TT · NYSE · Industrials · United States

Snapshot

TickerTT

ExchangeNYSE

SectorIndustrials

IndustryBuilding Products & Equipment

CountryUnited States

Employees44,000

HeadquartersSwords, Ireland

Websitewww.tranetechnologies.com

Filings tracked15

About Trane Technologies

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 programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

Who owns it

Insiders0.3%
Institutions90.9%
Public & other8.9%

2,520 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.94%
Vanguard Capital Management LLC6.56%
JPMORGAN CHASE & CO5.71%
State Street Corporation4.58%
FMR, LLC4.58%
Morgan Stanley2.46%
Geode Capital Management, LLC2.36%
Vanguard Portfolio Management LLC1.63%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.16×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend11.4% → 13.7%

Margin has expanded by about 2.2 points — the business is getting more profitable.

Return on equity34.0%

Latest ROE of 34.0% — capital is generating a healthy return.

Growth qualityrev 10% · PAT 20%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.0B · EPS 3.62

Est. earnings growth +26.4%

Next fiscal year

Rev $26.1B · EPS 17.66

Est. earnings growth +15.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$21.3B

Net margin

13.7%

ROE

34.0%

Revenue CAGR (2y)

+9.8%

Profit CAGR (2y)

+20.1%

EPS (FY2025)

12.98

Net profit (FY2025)

$2.9B

Ask MarketChacha about TT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$21.3B	$2.9B	12.98	13.7%	34.0%
FY2024	$19.8B	$2.6B	11.24	12.9%	34.4%
FY2023	$17.7B	$2.0B	8.77	11.4%	28.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.4B	$925.7M	4.16	14.6%
2026Q1	$5.0B	$584.4M	2.62	11.8%
2025Q3	$5.7B	$847.6M	3.78	14.8%
2025Q2	$5.7B	$874.8M	3.89	15.2%
2025Q1	$4.7B	$604.9M	2.67	12.9%
2024Q3	$5.4B	$772.0M	3.39	14.2%
2024Q2	$5.3B	$755.3M	3.30	14.2%
2024Q1	$4.2B	$436.3M	1.90	10.3%
2023Q3	$4.9B	$626.3M	2.72	12.8%
2023Q2	$4.7B	$586.2M	2.55	12.5%
2023Q1	$3.7B	$307.1M	1.33	8.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Executive/director change, Exhibits
SEC7/22/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC6/10/2026material
8-K — Shareholder vote results
SEC6/5/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Material agreement
SEC4/24/2026material
10-K filing
SEC2/5/2026
8-K — Results of operations, Exhibits
SEC1/29/2026material

2025

8-K — Other events
SEC12/2/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.