Trane Technologies (TT)财务
NYSE · Industrials · Industrial - Machinery · 员工44,000人 · CEO David S. Regnery
- 股价
- $410.00 -4.89%
- 市值
- $897亿
- 企业价值
- $927亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-04 EPS预期 $3.51
营收(TTM)$232亿+10.3% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)17.9%-0.9 百分点 对比去年同期营业利润 $41.6亿
净利润(TTM)$31.5亿+7.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$38.2亿+50.7% 对比去年同期资本支出 $3.7亿
稀释EPS(TTM)$14.16+8.9% 对比去年同期最近4个季度之和
净现金-$29.9亿+14.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $897亿 EV $927亿
- 营收
- $232亿 过去12个月
- 营收增速
- +13% FY2026年一致预期
- 净利润率
- 13.6% 净利润 / 营收,TTM
- P/E
- 28.8× 预期 26.8×(FY2026)
- P/S
- 3.9× 股价 / 营收,TTM
- EV / EBITDA
- 20.9× TTM
- 自由现金流
- $38.2亿 过去12个月
- 净利润
- $31.5亿 过去12个月
- 营收预期
- $241亿 FY2026年一致预期
- 盈利
- 2027-02-04 营收预期 $60.5亿
- 股息
- $4.09 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期3.9%,EPS 超预期2.7%营收$67.6亿,预期$65亿(+3.9%);EPS $4.86,预期$4.73(+2.7%)。
- 营收增长加速:同比17.7%Q3 '26营收$67.6亿,此前四个季度的平均值为6.9%。
- 营业利润率17.9%(TTM),较去年同期-0.9 百分点营收增长10.3%,营业利润增长5.2%。
- 资本支出占营收的1.6%(去年为1.9%)最近4个季度投入$3.7亿(同比-8.1%)。自由现金流$38.2亿,相当于净利润的121.1%。
- 股东回报$24.7亿 = 自由现金流的64.8%回购$15.7亿(去年为$16.3亿),股息$9.02亿,股权激励$7090万(TTM)。
- 稀释股数一年内减少1.3%Q3 '26稀释股数2.21亿,一年前为2.24亿。
- 净债务 $29.9亿现金 + 短期投资 $12.3亿,含租赁债务 $42.2亿;一年前净债务 $34.9亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $67.6亿 | $57.4亿 | +17.7% |
| 毛利率 | 35.3% | 36.9% | -1.6 百分点 |
| 营业利润 | $13.4亿 | $11.7亿 | +15.3% |
| 营业利润率 | 19.9% | 20.3% | -0.4 百分点 |
| 净利润 | $10.5亿 | $8.48亿 | +23.7% |
| 稀释EPS | $4.74 | $3.78 | +25.4% |
| 经营现金流 | $13.1亿 | $10亿 | +30.8% |
| 资本支出 | $1.08亿 | $6840万 | +58.0% |
| 自由现金流 | $12.1亿 | $9.36亿 | +28.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $1990万 | -100.0% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $67.6亿 | $65亿 | +3.9% |
| EPS(一致预期口径) | $4.86 | $4.73 | +2.7% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q4 '19 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Climate | $31.8亿 | +6.1% | 76.7% | $131亿 | +5.9% | |
| Industrial | $9.67亿 | +8.2% | 23.3% | $35.2亿 | +6.0% |
按地区划分的营收
占总额比例| 分部 | Q4 '19 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $56.5亿 | +21.1% | 83.6% | $189亿 | +11.6% | |
| EMEA | $7.56亿 | +0.8% | 11.2% | $28.6亿 | +5.2% | |
| Asia Pacific | $3.56亿 | +8.0% | 5.3% | $14.3亿 | +4.5% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $41.9亿
- 资本支出
- -$3.7亿
- 股票回购
- -$15.7亿
- 股息
- -$9.02亿
- 收购
- -$8.23亿
- 债务净发行
- -$4.05亿
- 股权激励费用
- $7090万
- 自由现金流
- $38.2亿
- 股东回报 / FCF
- 64.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 28.8× | 29.1× | 22.3× – 33.9× |
| EV / EBITDA | 20.9× | 20.0× | 15.7× – 22.5× |
| EV / 营收 | 4.0× | 3.6× | 2.7× – 4.4× |
| 股价 / FCF | 23.5× | 31.0× | 26.5× – 35.3× |
| 股价 / 净资产 | 9.9× | 8.6× | 6.4× – 11.1× |
| FCF收益率 | 4.3% | 3.3% | 2.8% – 3.8% |
| 投入资本回报率 | 20.8% | 16.6% | 12.1% – 20.3% |
| 净资产收益率 | 36.0% | 29.8% | 22.7% – 34.4% |
分析师
一致目标价 $529.43 (+29.1%)
区间 $485.00 – $565.00 · 评级 Buy
强烈买入0
买入13
持有13
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $241亿 | +13.0% | $15.28 | +17.7% | 26.8× | 14 |
| FY2027 | $266亿 | +10.4% | $17.72 | +16.0% | 23.1× | 15 |
| FY2028 | $289亿 | +8.8% | $20.35 | +14.8% | 20.1× | 11 |
| FY2029 | $308亿 | +6.6% | $22.69 | +11.5% | 18.1× | 4 |
| FY2030 | $332亿 | +7.6% | $24.63 | +8.6% | 16.6× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Trane Technologies plc在近期10-Q / 10-K文件中标记的全部267项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $31亿 | $24亿 | +29.5% | $21.5亿 | $21.5亿 | +0.3% |
| Accounts Receivable, Allowance for Credit Loss, Current | $5390万2025-12-31 | $5660万 | -4.8% | $5390万 | $5660万 | -4.8% |
| Accrual for Environmental Loss Contingencies | $5180万 | $5390万 | -3.9% | $5180万 | $5240万 | -1.1% |
| Accrued Liabilities, Current | $36.6亿 | $28.2亿 | +29.8% | $28.3亿 | $27.9亿 | +1.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $23.8亿2025-12-31 | $21.8亿 | +9.1% | $23.8亿 | $21.8亿 | +9.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$5.1亿 | -$5.15亿 | +0.9% | -$4.39亿 | -$8.64亿 | +49.2% |
| Amortization of Intangible Assets | $4200万 | $3610万 | +16.3% | $1.65亿 | $1.81亿 | -9.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 20万 | 20万 | 0.0% | 30万 | 0 | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2670万 | $780万 | +242.3% | $8400万 | $8010万 | +4.9% |
| Assets | $239亿 | $214亿 | +11.8% | $214亿 | $201亿 | +6.3% |
| Assets, Current | $87.1亿 | $78.6亿 | +10.8% | $78.6亿 | $73.4亿 | +7.2% |
| Bankruptcy Claims, Amount Paid to Settle Claims | – | – | – | $5.45亿2021-08-26 | – | – |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset | $0 | $0 | – | $6120万 | $2500万 | +144.8% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $02025-12-31 | -$1610万 | +100.0% | -$6120万 | -$2500万 | -144.8% |
| Business Combination, Contingent Consideration, Liability | – | – | – | $6120万2024-12-31 | $9030万 | -32.2% |
| Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred | – | – | – | $0 | -$410万 | +100.0% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | $3.23亿2026-03-31 | – | – | $7390万2025-01-02 | $3.3亿 | -77.6% |
| BusinessCombinationPriceOfAcquisitionExpected | $3860万 | – | – | – | – | – |
| Capital Units, Authorized | 11.9亿 | 11.9亿 | 0.0% | 11.9亿 | 11.9亿 | 0.0% |
| Capitalized Computer Software, Amortization | – | – | – | $3480万 | $3820万 | -8.9% |
| Cash and Cash Equivalents, at Carrying Value | $17.6亿2025-12-31 | $15.9亿 | +10.9% | $17.6亿 | $15.9亿 | +10.9% |
| Cash Divested from Deconsolidation | – | – | – | $02022-12-31 | $0 | – |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | -$1220万 | -$660万 | -84.8% | -$2590万 | -$3210万 | +19.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $17.6亿2025-12-31 | $15.9亿 | +10.9% | $17.6亿 | $15.9亿 | +10.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $12.3亿 | $11.3亿 | +9.0% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$9090万 | $3.52亿 | -125.9% | $1.73亿 | $4.95亿 | -65.0% |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | – | $3.76 | $3.36 | +11.9% |
| Common Stock, Par or Stated Value Per Share | $1.00 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares, Issued | 2.45亿2025-12-31 | 2.49亿 | -1.6% | 2.45亿 | 2.49亿 | -1.6% |
| Common Stock, Value, Issued | $2.43亿 | $2.47亿 | -1.6% | $2.45亿 | $2.49亿 | -1.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $510万 | $340万 | +50.0% | $1890万 | $2100万 | -10.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $10.4亿 | $8.34亿 | +24.2% | $33.4亿 | $23.7亿 | +40.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $10.4亿 | $8.38亿 | +24.3% | $33.6亿 | $24亿 | +40.4% |
| Contract with Customer, Liability | $5.79亿 | – | – | $10.8亿2020-12-31 | $9.42亿 | +14.3% |
| Contract with Customer, Liability, Current | $19.8亿 | – | – | – | – | – |
| Contract with Customer, Liability, Noncurrent | $0.23 | $0.21 | +9.5% | $0.2 | $0.18 | +11.1% |
| Contract with Customer, Liability, Revenue Recognized | $0.12 | $0.12 | 0.0% | $0.71 | $0.72 | -1.4% |
| Contract with Customer, Receivable, after Allowance for Credit Loss | $4.5亿 | – | – | – | – | – |
| Cost of Goods and Services Sold | $43.7亿 | $36.2亿 | +20.7% | $86.5亿2020-12-31 | $90.9亿 | -4.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $5.92亿 | $7.57亿 | -21.7% |
| Debt Instrument, Fair Value Disclosure | $39亿 | $46亿 | -15.2% | $46亿 | $46亿 | 0.0% |
| Debt Instrument, Interest Rate, Stated Percentage | 7.2%2025-12-31 | 7.2% | 0.0% | 7.2% | 7.2% | 0.0% |
| Debt, Current | $2.93亿 | $6.95亿 | -57.8% | $6.93亿 | $4.52亿 | +53.3% |
| Deconsolidation, Gain (Loss), Amount | – | – | – | $2490万2020-12-31 | – | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1.14亿 | -$1.29亿 | +188.0% |
| Deferred Income Taxes and Other Tax Liabilities, Noncurrent | $7.16亿2025-12-31 | $5.87亿 | +22.1% | $7.16亿 | $5.87亿 | +22.1% |
| Deferred Tax Assets, Gross | $8.86亿2025-12-31 | $9.05亿 | -2.1% | $8.86亿 | $9.05亿 | -2.1% |
| Deferred Tax Assets, Net of Valuation Allowance | $8.09亿2025-12-31 | $7.94亿 | +1.8% | $8.09亿 | $7.94亿 | +1.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.61亿2025-12-31 | $2.21亿 | -27.3% | $1.61亿 | $2.21亿 | -27.3% |
| Deferred Tax Assets, Other | $2180万2025-12-31 | $3990万 | -45.4% | $2180万 | $3990万 | -45.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits | $2.34亿2025-12-31 | $2.55亿 | -8.1% | $2.34亿 | $2.55亿 | -8.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $2.5亿2025-12-31 | $2.24亿 | +11.7% | $2.5亿 | $2.24亿 | +11.7% |
| Deferred Tax Assets, Valuation Allowance | $7730万2025-12-31 | $1.1亿 | -29.9% | $7730万 | $1.1亿 | -29.9% |
| Deferred Tax Liabilities, Gross | $13.4亿2025-12-31 | $12亿 | +12.1% | $13.4亿 | $12亿 | +12.1% |
| Deferred Tax Liabilities, Net | $5.35亿2025-12-31 | $4.05亿 | +32.3% | $5.35亿 | $4.05亿 | +32.3% |
| Deferred Tax Liabilities, Other | $02025-12-31 | $320万 | -100.0% | $0 | $320万 | -100.0% |
| Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries | $4.02亿2025-12-31 | $3.16亿 | +27.2% | $4.02亿 | $3.16亿 | +27.2% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $20.3亿2025-12-31 | $22亿 | -7.7% | $20.3亿 | $22亿 | -7.7% |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | -$130万 | -$420万 | +69.0% | -$3480万 | -$1160万 | -200.0% |
| Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $16.4亿2025-12-31 | $18.3亿 | -10.6% | $16.4亿 | $18.3亿 | -10.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-01