Trane Technologies (TT) balance sheet
NYSE · Industrials · Industrial - Machinery · 44,000 employees · CEO David S. Regnery
- Price
- $410.00 -4.89%
- Market cap
- $89.7B
- Enterprise value
- $92.7B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $3.51
At the end of Q3 '26 Trane Technologies (TT) held $1.23B in cash and short-term investments against $4.22B of debt incl. leases. Total assets $23.9B, total liabilities $14.8B, shareholders' equity $9.13B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.1B | $850M | $875M | $1.47B | $1.59B | $861M | $774M | $1.13B | $1.76B | $1.07B | $1.32B | $1.23B | |
| Short-term investments | $0 | $0 | $451M | $458M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $2.96B | $3.41B | $3.93B | $3.39B | $3.09B | $3.16B | $4.07B | $4.07B | $3.24B | $3.77B | $4.23B | $4.09B | |
| Inventory | $2.15B | $2.38B | $2.2B | $2.03B | $1.97B | $2.22B | $2.36B | $2.36B | $2.1B | $2.4B | $2.62B | $2.6B | |
| Other current assets | $666M | $249M | $259M | $745M | $686M | $695M | $300M | $313M | $761M | $758M | $837M | $792M | |
| Current assets | $6.87B | $6.89B | $7.71B | $8.1B | $7.34B | $6.93B | $7.51B | $7.86B | $7.86B | $8B | $9.01B | $8.71B | |
| Property, plant & equipment (net) | $1.77B | $1.79B | $1.83B | $1.91B | $2.02B | $2.07B | $2.18B | $2.21B | $2.25B | $2.34B | $2.39B | $2.46B | |
| Long-term investments | $0 | $465M | $492M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill | $6.1B | $6.06B | $6.06B | $6.21B | $6.13B | $6.36B | $6.45B | $6.44B | $6.46B | $6.96B | $7.03B | $7.08B | |
| Intangible assets | $3.44B | $3.39B | $3.35B | $3.36B | $3.31B | $3.34B | $3.31B | $3.27B | $3.24B | $3.56B | $3.52B | $3.48B | |
| Deferred tax assets | $0 | $678M | $695M | $678M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | $1.21B | $71.8M | $60.8M | $640M | $1.35B | $1.42B | $1.55B | $1.59B | $1.61B | $1.89B | $1.98B | $2.16B | |
| Non-current assets | $12.5B | $12.5B | $12.5B | $12.8B | $12.8B | $13.2B | $13.5B | $13.5B | $13.6B | $14.8B | $14.9B | $15.2B | |
| Total assets | $19.4B | $19.3B | $20.2B | $20.9B | $20.1B | $20.1B | $21B | $21.4B | $21.4B | $22.8B | $23.9B | $23.9B | |
| Liabilities | |||||||||||||
| Accounts payable | $2.03B | $2.01B | $2.18B | $2.19B | $2.15B | $2.27B | $2.53B | $2.4B | $2.15B | $2.42B | $2.98B | $3.1B | |
| Accrued expenses | $2.63B | $2.76B | $2.96B | $2.86B | $2.79B | $2.79B | $3.01B | $2.82B | $2.83B | $3.66B | $0 | $4.36B | |
| Short-term debt | $802M | $902M | $952M | $952M | $452M | $852M | $695M | $695M | $693M | $693M | $693M | $293M | |
| Other current liabilities | $592M | $433M | $496M | $618M | $678M | $459M | $565M | $614M | $615M | $533M | $4.72B | $0 | |
| Current liabilities | $6.05B | $6.1B | $6.59B | $6.63B | $6.07B | $6.37B | $6.8B | $6.52B | $6.29B | $7.31B | $8.39B | $7.75B | |
| Long-term debt | $3.98B | $3.98B | $4.32B | $4.32B | $4.32B | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B | $3.92B | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $344M | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $704M | $678M | $695M | $678M | $587M | $560M | $551M | $675M | $716M | $765M | $795M | $849M | |
| Other non-current liabilities | $1.64B | $1.67B | $1.63B | $1.67B | $1.69B | $1.75B | $1.86B | $1.56B | $1.89B | $2.15B | $2.17B | $2.23B | |
| Non-current liabilities | $6.32B | $6.33B | $6.64B | $6.66B | $6.59B | $6.23B | $6.34B | $6.5B | $6.53B | $6.84B | $6.89B | $7.01B | |
| Total liabilities | $12.4B | $12.4B | $13.2B | $13.3B | $12.7B | $12.6B | $13.1B | $13B | $12.8B | $14.1B | $15.3B | $14.8B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $252M | $251M | $250M | $250M | $249M | $248M | $247M | $247M | $245M | -$1.4B | -$1.41B | -$1.41B | |
| Retained earnings | $9.13B | $9.1B | $9.19B | $9.7B | $9.79B | $9.7B | $9.81B | $10.3B | $10.4B | $10.5B | $10.5B | $11B | |
| Accumulated other comprehensive income | -$671M | -$746M | -$778M | -$636M | -$864M | -$741M | -$501M | -$515M | -$439M | -$496M | -$497M | -$510M | |
| Shareholders' equity | $7B | $6.89B | $6.95B | $7.59B | $7.46B | $7.49B | $7.83B | $8.35B | $8.6B | $8.61B | $8.65B | $9.13B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $4.78B | $4.88B | $5.27B | $5.27B | $4.77B | $4.77B | $4.62B | $4.62B | $4.62B | $4.62B | $4.62B | $4.22B | |
| Net debt (debt - cash) | $3.68B | $4.03B | $4.39B | $3.8B | $3.18B | $3.91B | $3.84B | $3.49B | $2.85B | $3.54B | $3.3B | $2.99B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.71B | $1.55B | $903M | $1.3B | $3.29B | $2.16B | $1.22B | $1.1B | $1.59B | $1.76B | |
| Receivables | $2.22B | $2.48B | $2.68B | $2.18B | $2.2B | $2.43B | $2.78B | $3.42B | $3.09B | $3.24B | |
| Inventory | $1.39B | $1.56B | $1.68B | $1.71B | $1.19B | $1.53B | $1.99B | $2.15B | $1.97B | $2.1B | |
| Other current assets | $256M | $537M | $472M | $4.55B | $224M | $352M | $385M | $207M | $686M | $761M | |
| Current assets | $5.58B | $6.12B | $5.73B | $6.22B | $6.91B | $6.47B | $6.38B | $6.87B | $7.34B | $7.86B | |
| Property, plant & equipment (net) | $1.51B | $1.55B | $1.73B | $1.81B | $1.35B | $1.4B | $1.54B | $2.29B | $2.02B | $2.25B | |
| Long-term investments | -$885M | -$758M | -$538M | -$682M | -$579M | -$582M | $240M | $0 | $0 | $0 | |
| Goodwill | $5.66B | $5.94B | $5.96B | $6.78B | $5.34B | $5.5B | $5.5B | $6.1B | $6.13B | $6.46B | |
| Intangible assets | $3.79B | $3.74B | $3.63B | $4.15B | $3.29B | $3.31B | $3.26B | $3.44B | $3.31B | $3.24B | |
| Deferred tax assets | $885M | $758M | $538M | $682M | $579M | $582M | $680M | $0 | $0 | $0 | |
| Other non-current assets | $864M | $824M | $858M | $1.54B | $1.27B | $1.38B | $479M | $702M | $1.35B | $1.61B | |
| Non-current assets | $11.8B | $12.1B | $12.2B | $14.3B | $11.3B | $11.6B | $11.7B | $12.5B | $12.8B | $13.6B | |
| Total assets | $17.4B | $18.2B | $17.9B | $20.5B | $18.2B | $18.1B | $18.1B | $19.4B | $20.1B | $21.4B | |
| Liabilities | |||||||||||
| Accounts payable | $1.33B | $1.56B | $1.71B | $1.38B | $1.52B | $1.79B | $2.09B | $2.03B | $2.15B | $2.15B | |
| Accrued expenses | $1.43B | $1.66B | $1.73B | $1.56B | $1.59B | $2.07B | $2.01B | $2.63B | $2.79B | $2.83B | |
| Short-term debt | $361M | $1.11B | $351M | $650M | $776M | $350M | $1.05B | $802M | $452M | $693M | |
| Other current liabilities | $470M | $510M | $532M | $1.64B | $451M | $545M | $541M | $592M | $505M | $615M | |
| Current liabilities | $3.59B | $4.83B | $4.32B | $4.86B | $4.34B | $4.75B | $5.69B | $6.05B | $6.07B | $6.29B | |
| Long-term debt | $3.71B | $2.96B | $3.74B | $4.92B | $4.5B | $4.49B | $3.79B | $3.98B | $4.32B | $3.92B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $441M | $0 | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $294M | $0 | |
| Deferred tax liabilities | $885M | $758M | $538M | $572M | $579M | $582M | $680M | $704M | $587M | $716M | |
| Other non-current liabilities | $2.49B | $2.42B | $2.26B | $2.45B | $2.32B | $1.96B | $1.82B | $1.64B | $951M | $1.89B | |
| Non-current liabilities | $7.09B | $6.14B | $6.53B | $7.94B | $7.39B | $7.03B | $6.29B | $6.32B | $6.59B | $6.53B | |
| Total liabilities | $10.7B | $11B | $10.9B | $13.2B | $11.7B | $11.8B | $12B | $12.4B | $12.7B | $12.8B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $272M | $274M | $266M | $263M | $263M | $260M | $253M | $252M | $249M | $245M | |
| Retained earnings | $8.02B | $8.9B | $9.44B | $9.73B | $8.5B | $8.35B | $8.32B | $9.13B | $9.79B | $10.4B | |
| Accumulated other comprehensive income | -$1.29B | -$779M | -$964M | -$1.01B | -$632M | -$638M | -$766M | -$671M | -$864M | -$439M | |
| Shareholders' equity | $6.72B | $7.21B | $7.06B | $7.31B | $6.43B | $6.27B | $6.11B | $7B | $7.46B | $8.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $4.07B | $4.06B | $4.09B | $5.57B | $5.27B | $4.84B | $4.84B | $4.78B | $5.39B | $4.62B | |
| Net debt (debt - cash) | $2.36B | $2.51B | $3.19B | $4.27B | $1.98B | $2.68B | $3.62B | $3.68B | $3.79B | $2.85B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01