Trane Technologies plc

TT · NYSE · ·

Compare

$424.75+0.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed October 29, 2026

1W: +5.7%
1M: -11.1%

Trane Technologies plc (TT) stock — is it a good business? — InspectStocks

Trane Technologies plc

TT · NYSE · ·

Compare

$424.75+0.9%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed October 29, 2026

1W: +5.7%
1M: -11.1%

Just reported

Q3 2026 results

From Trane Technologies's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$6.76B
+18% y/y
+6.4% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$4.74
+25% y/y
+14% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.34B
+15% y/y
+9.7% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$15.20 – $15.30Unchanged

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Equipment sales66%
Services34%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

What it sells6

Commercial heating and cooling equipment
Chillers, air handlers and rooftop units heat, cool and circulate air in commercial buildings.
Residential heating and cooling equipment
Air conditioners, furnaces and heat pumps keep homes at a chosen temperature.
Building controls
Control systems and thermostats let building owners manage heating, cooling and ventilation equipment.

Show 3 more

Transport refrigeration
Refrigeration units keep food and other temperature-sensitive cargo cold in trucks, trailers, rail cars and containers.
Installation and maintenance services
Technicians install, repair and maintain heating, cooling and refrigeration equipment, and customers can buy service agreements.
Data-center cooling equipment
Chillers, modular chiller plants and liquid-cooling equipment remove heat from data centers.

Who buys it5

Owners and operators of commercial buildings buy equipment directly or through contractors and distributors; they may also hire the company for installation and ongoing service.
Homeowners buy heating and cooling equipment mainly through dealers and contractors who install it.
Truck and trailer operators buy refrigeration equipment to keep cargo at controlled temperatures.

Show 2 more

Businesses that move goods by rail or shipping container buy refrigeration systems for temperature-sensitive cargo.
Building contractors and installers buy equipment and parts for projects and may also provide installation and maintenance to end users.

What it stands on, and what could break it

What the business leans on

1Manufacturing depends on commodities such as steel, copper and aluminum, as well as purchased components; some component categories can have limited availability.
2Sales of some residential and commercial heating and cooling products vary with seasonal weather, with demand often higher in spring and summer in northern markets.
3The company sells and manufactures in many countries, so its results are exposed to currency movements, trade rules and economic conditions in those markets.
4Revenue from specialized equipment and installation projects can be affected when customer projects are delayed or their schedules change.

What could go wrong

1Commodity price increases, shortages of purchased components or supply-chain disruption could raise costs or delay production.
2The conflict in the Middle East has affected business in the Europe, Middle East and Africa region; wider geopolitical and trade-policy changes could also disrupt operations, suppliers or customer demand.
3Asbestos-related claims involving subsidiaries Aldrich Pump and Murray Boiler remain in Chapter 11 proceedings; the cases and related funding obligations carry legal and financial uncertainties.

Full financial statements →

About Trane Technologies plc

The company makes heating, ventilation and air conditioning (HVAC) equipment for homes and commercial buildings, including systems that control a building’s temperature and air flow. It also makes refrigeration equipment for trucks, trailers, rail cars and shipping containers. Customers can buy installation, repair and maintenance services, as well as controls that help manage building equipment and energy use.

Head office: Swords, Ireland
Founded: 2009
Employees: 44,000 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Trane Technologies plc’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Trane Technologies's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$6.76B
+18% y/y
+6.4% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$4.74
+25% y/y
+14% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.34B
+15% y/y
+9.7% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$15.20 – $15.30Unchanged

Keep exploring

The themes Trane Technologies is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Building Products and Equipment

Graded A or B and worth $2B or more: A first, then the largest.

All 35 graded companies in its industry

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Equipment sales66%
Services34%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

What it sells6

Commercial heating and cooling equipment
Chillers, air handlers and rooftop units heat, cool and circulate air in commercial buildings.
Residential heating and cooling equipment
Air conditioners, furnaces and heat pumps keep homes at a chosen temperature.
Building controls
Control systems and thermostats let building owners manage heating, cooling and ventilation equipment.

Show 3 more

Transport refrigeration
Refrigeration units keep food and other temperature-sensitive cargo cold in trucks, trailers, rail cars and containers.
Installation and maintenance services
Technicians install, repair and maintain heating, cooling and refrigeration equipment, and customers can buy service agreements.
Data-center cooling equipment
Chillers, modular chiller plants and liquid-cooling equipment remove heat from data centers.

Who buys it5

Owners and operators of commercial buildings buy equipment directly or through contractors and distributors; they may also hire the company for installation and ongoing service.
Homeowners buy heating and cooling equipment mainly through dealers and contractors who install it.
Truck and trailer operators buy refrigeration equipment to keep cargo at controlled temperatures.

Show 2 more

Businesses that move goods by rail or shipping container buy refrigeration systems for temperature-sensitive cargo.
Building contractors and installers buy equipment and parts for projects and may also provide installation and maintenance to end users.

What it stands on, and what could break it

What the business leans on

1Manufacturing depends on commodities such as steel, copper and aluminum, as well as purchased components; some component categories can have limited availability.
2Sales of some residential and commercial heating and cooling products vary with seasonal weather, with demand often higher in spring and summer in northern markets.
3The company sells and manufactures in many countries, so its results are exposed to currency movements, trade rules and economic conditions in those markets.
4Revenue from specialized equipment and installation projects can be affected when customer projects are delayed or their schedules change.

What could go wrong

1Commodity price increases, shortages of purchased components or supply-chain disruption could raise costs or delay production.
2The conflict in the Middle East has affected business in the Europe, Middle East and Africa region; wider geopolitical and trade-policy changes could also disrupt operations, suppliers or customer demand.
3Asbestos-related claims involving subsidiaries Aldrich Pump and Murray Boiler remain in Chapter 11 proceedings; the cases and related funding obligations carry legal and financial uncertainties.

Full financial statements →

About Trane Technologies plc

Head office: Swords, Ireland
Founded: 2009
Employees: 44,000 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Trane Technologies plc

Trane Technologies plc

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Trane Technologies plc

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Building Products and Equipment

Grade rose recently in Industrials

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Trane Technologies plc

Keep exploring

The theme it is part of

Highest-graded in Building Products and Equipment

Grade rose recently in Industrials

Building products & HVAC

Growth & cash — 5 of 5

Business trend

Share price and grade over time