Trane Technologies (TT) income statement
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
Trane Technologies (TT) reported revenue of $6.76B for Q3 '26 (+17.7% year on year), operating income of $1.34B (19.9% of revenue) and net income of $1.05B. Over the last four quarters revenue was $23.2B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.22B | $5.31B | $5.44B | $4.87B | $4.69B | $5.75B | $5.74B | $5.14B | $4.97B | $6.35B | $6.76B | |
| Cost of revenue | $2.95B | $2.76B | $3.37B | $3.47B | $3.16B | $3.01B | $3.59B | $3.62B | $3.39B | $3.24B | $4.09B | $4.37B | |
| Gross profit | $1.47B | $1.46B | $1.94B | $1.97B | $1.71B | $1.68B | $2.16B | $2.12B | $1.75B | $1.73B | $2.26B | $2.38B | |
| General & administrative | $0 | $829M | $901M | $0 | $0 | $0 | $996M | $0 | $0 | $0 | $1.04B | $1.04B | |
| Other operating expenses | $0 | -$2.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $784M | $826M | $901M | $950M | $903M | $859M | $996M | $953M | $935M | $952M | $1.04B | $1.04B | |
| Operating income | $688M | $634M | $1.03B | $1.02B | $808M | $819M | $1.16B | $1.17B | $819M | $776M | $1.22B | $1.34B | |
| Interest income | $4.3M | $3.7M | $5.4M | $15.3M | $11.5M | $3.3M | $0 | $1.2M | $5.3M | $4.6M | $3M | $0 | |
| Interest expense | $57.4M | $58.1M | $57.5M | $63M | $59.9M | $58.1M | $58.2M | $55.6M | $55.6M | $55.6M | $53.1M | $52.4M | |
| Other non-operating income (gains on investments, FX ...) | $15.4M | $25M | $11.6M | -$6.3M | -$2.9M | $7.9M | $13.3M | $18M | $22.1M | -$15.3M | $8.1M | $5.4M | |
| Total non-operating income | -$72.8M | -$83.1M | -$61.6M | -$56.7M | -$57M | -$66M | -$71.5M | -$73.6M | -$77.7M | -$40.3M | -$61.2M | -$57.8M | |
| Income before tax | $615M | $551M | $973M | $968M | $751M | $753M | $1.09B | $1.09B | $741M | $736M | $1.16B | $1.29B | |
| Income tax | $98.2M | $106M | $206M | $181M | $135M | $135M | $217M | $232M | $123M | $136M | $218M | $220M | |
| Net income | $504M | $436M | $755M | $772M | $604M | $605M | $875M | $848M | $591M | $584M | $926M | $1.05B | |
| EPS (basic) | $2.22 | $1.92 | $3.33 | $3.42 | $2.69 | $2.71 | $3.92 | $3.82 | $2.67 | $2.62 | $4.19 | $4.74 | |
| EPS (diluted) | $2.19 | $1.90 | $3.30 | $3.39 | $2.66 | $2.67 | $3.89 | $3.78 | $2.64 | $2.62 | $4.16 | $4.74 | |
| Shares (basic, weighted) | 227M | 227M | 227M | 226M | 224M | 223M | 223M | 223M | 224M | 223M | 221M | 221M | |
| Shares (diluted, weighted) | 230M | 230M | 229M | 228M | 227M | 226M | 225M | 224M | 224M | 223M | 223M | 221M | |
| Depreciation & amortization | $87.9M | $91.5M | $96.2M | $95M | $96.7M | $99.1M | $98.1M | $88.3M | $90.8M | $101M | $110M | $0 | |
| EBITDA | $760M | $700M | $1.12B | $1.13B | $907M | $910M | $1.25B | $1.24B | $888M | $893M | $1.33B | $1.34B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.5B | $14.2B | $12.3B | $13.1B | $12.5B | $14.1B | $16B | $17.7B | $19.8B | $21.3B | |
| Cost of revenue | $9.33B | $9.81B | $8.58B | $9.09B | $8.65B | $9.67B | $11B | $11.8B | $12.8B | $13.6B | |
| Gross profit | $4.2B | $4.39B | $3.76B | $4.03B | $3.8B | $4.47B | $4.96B | $5.86B | $7.08B | $7.71B | |
| Research & development | $208M | $211M | $167M | $174M | $0 | $0 | $0 | $0 | $0 | $348M | |
| Other operating expenses | -$208M | $0 | -$167M | $52.6M | $0 | $0 | $0 | $0 | $0 | -$444M | |
| Operating expenses | $2.61B | $2.71B | $2.25B | $2.36B | $2.27B | $2.45B | $2.55B | $2.96B | $3.58B | $3.74B | |
| Operating income | $1.6B | $1.67B | $1.51B | $1.67B | $1.53B | $2.02B | $2.42B | $2.89B | $3.5B | $3.97B | |
| Interest income | $8M | $9.4M | $2.4M | $600K | $4.5M | $4M | $9.2M | $15.4M | $35.9M | $9M | |
| Interest expense | $222M | $216M | $221M | $243M | $249M | $234M | $224M | $235M | $238M | $228M | |
| Other non-operating income (gains on investments, FX ...) | -$359M | $32.1M | -$369M | $28.4M | -$4.1M | -$1.8M | $22.6M | $92.2M | $19.9M | $96M | |
| Total non-operating income | $138M | -$247M | -$254M | -$271M | -$245M | -$233M | -$247M | -$327M | -$258M | -$289M | |
| Income before tax | $1.74B | $1.42B | $1.26B | $1.4B | $1.29B | $1.79B | $2.17B | $2.57B | $3.24B | $3.68B | |
| Income tax | $282M | $80.2M | $235M | $239M | $297M | $334M | $376M | $498M | $628M | $706M | |
| Net income | $1.48B | $1.3B | $1.34B | $1.41B | $855M | $1.42B | $1.76B | $2.02B | $2.57B | $2.92B | |
| EPS (basic) | $5.70 | $5.22 | $5.53 | $5.84 | $3.56 | $5.96 | $7.55 | $8.85 | $11.44 | $13.09 | |
| EPS (diluted) | $5.65 | $5.05 | $5.35 | $5.77 | $3.52 | $5.87 | $7.48 | $8.77 | $11.24 | $12.98 | |
| Shares (basic, weighted) | 259M | 249M | 242M | 242M | 240M | 239M | 233M | 227M | 224M | 224M | |
| Shares (diluted, weighted) | 262M | 258M | 250M | 244M | 243M | 242M | 235M | 231M | 228M | 224M | |
| Depreciation & amortization | $352M | $353M | $282M | $289M | $294M | $299M | $324M | $348M | $379M | $341M | |
| EBITDA | $2.31B | $1.99B | $2.16B | $1.93B | $1.83B | $2.32B | $2.72B | $3.15B | $3.86B | $4.21B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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