TT Trane Technologies

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Industrials

· How we analyze

About the company

Trane Technologies is a provider of air conditioning and heating technology with its legal seat in Ireland. Under the Trane and Thermo King brands it makes air conditioners, heat pumps and refrigeration systems for buildings, data centers and refrigerated transport. Its main business is in North America. As of Oct 11, 2026

Fact sheet (from the annual report) Building climate controls · Co. Dublin, Ireland

Trane Technologies designs, manufactures and services heating, ventilation and air conditioning systems as well as transport refrigeration. The products carry mainly the Trane and Thermo King brands. The Americas segment comprises commercial and residential HVAC, building controls, energy services and transport refrigeration. Other segments serve Europe, the Middle East and Africa as well as the Asia Pacific region. The offering ranges from heat pumps and cooling for data centers to maintenance and rental. In the United States, business runs through its own branches, distributors and contractors, and abroad through subsidiaries and dealers.

Automatically summarized from SEC annual report (10-K, filed Feb 5, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +1.3%
  • 7 days −0.1%
  • 30 days +1.5%
  • 1 year +7.7%
Day range (last trading day)
−1.7%Price at 79% of the range+0.5%
52-week range
−24.5%Price at 72% of the range+9.7%
Distance from the all-time high
−8.9%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Fundamentals · Analysis method

Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.

Growth: greenMargin: greenDebt: green

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Symbol on TradingView: NYSE:TT

Fundamental analysis

Trane Technologies · Sector Industrials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 5, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 1 without data 7 of 7 criteria met Growth Revenue and earnings per share 6 of 7 criteria met Dividend Level, consistency, coverage 7 of 7 criteria met Financial strength Piotroski, debt, liquidity 6 of 6 criteria met

Quality 7 of 7 met · 1 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • met: Operating margin above 15% 18.6%
  • met: Net margin above 10% 13.7%
  • met: Return on equity above 15% 34.0%
  • met: Free cash flow margin above 10% 13.2%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 40.1%
Operating margin

18.6% Fiscal year 2025

Rank 57 of 100: higher than 57% of 192 peers (All). medium.

Rank 77 of 100: higher than 77% of 28 peers (Sector). strong.

Median Industrials: 10.4%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

13.7% Fiscal year 2025

Rank 52 of 100: higher than 52% of 237 peers (All). medium.

Rank 60 of 100: higher than 60% of 34 peers (Sector). medium.

Median Industrials: 12.9%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

34.0% Fiscal year 2025

Rank 77 of 100: higher than 77% of 218 peers (All). strong.

Rank 61 of 100: higher than 61% of 32 peers (Sector). medium.

Median Industrials: 26.3%

Net income divided by equity at fiscal year end.

Return on assets

13.6% Fiscal year 2025 (total assets at year end)

Rank 82 of 100: higher than 82% of 238 peers (All). strong.

Rank 87 of 100: higher than 87% of 34 peers (Sector). strong.

Median Industrials: 7.5%

Net income divided by total assets at fiscal year end.

Equity ratio

40.1% Fiscal year 2025

Rank 59 of 100: higher than 59% of 239 peers (All). medium.

Rank 66 of 100: higher than 66% of 34 peers (Sector). medium.

Median Industrials: 33.2%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

13.2% Fiscal year 2025

Rank 47 of 100: higher than 47% of 213 peers (All). medium.

Rank 61 of 100: higher than 61% of 32 peers (Sector). medium.

Median Industrials: 10.5%

Free cash flow divided by revenue.

Free cash flow

2.8B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 6 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +10.1%
  • met: Over 5 years, revenue grew by more than 5% per year +11.4%
  • not met: Over 10 years, revenue grew by more than 5% per year +4.8%
  • met: Over 3 years, EPS grew by more than 5% per year +20.2%
  • met: Over 5 years, EPS grew by more than 5% per year +29.8%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +7.5%
Revenue growth 3 years

+10.1% per year

Rank 56 of 100: higher than 56% of 230 peers (All). medium.

Rank 67 of 100: higher than 67% of 32 peers (Sector). strong.

Median Industrials: +8.5%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+11.4% per year

Rank 51 of 100: higher than 51% of 217 peers (All). medium.

Rank 72 of 100: higher than 72% of 30 peers (Sector). strong.

Median Industrials: +9.2%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+4.8% per year

Rank 35 of 100: higher than 35% of 157 peers (All). medium.

Rank 60 of 100: higher than 60% of 21 peers (Sector). medium.

Median Industrials: +4.5%

Average growth per year over 10 fiscal years.

EPS growth 3 years

+20.2% per year

Rank 69 of 100: higher than 69% of 157 peers (All). strong.

Rank 72 of 100: higher than 72% of 23 peers (Sector). strong.

Median Industrials: +10.7%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+29.8% per year

Rank 85 of 100: higher than 85% of 146 peers (All). strong.

Rank 83 of 100: higher than 83% of 21 peers (Sector). strong.

Median Industrials: +13.7%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+18.0% per year

Rank 81 of 100: higher than 81% of 140 peers (All). strong.

Rank 93 of 100: higher than 93% of 21 peers (Sector). strong.

Median Industrials: +8.1%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 7 of 7 met

  • met: Pays a dividend 3.76 USD
  • met: Payout ratio at most 60% of earnings 29%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +12.1%
  • met: Free cash flow per share covers the dividend 3.3x
  • met: Dividends paid over the last 5 years covered by free cash flow 34% of free cash flow
Payout ratio

29% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+12.1% per year

Rank 65 of 100: higher than 65% of 118 peers (All). medium.

Rank 68 of 100: higher than 68% of 20 peers (Sector). strong.

Median Industrials: +7.7%

Growth of the dividend per share per year.

Free cash flow coverage

3.3x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 6 of 6 met

  • met: Piotroski F-Score at least 7 of 9 8 of 8 · 1 without data
  • met: Long-term debt no higher than equity 0.54
  • met: Current assets cover current liabilities 1.25
  • met: Positive equity 8.6B USD
  • met: In 5 years, share count up by at most 5% −7.5%
  • met: Free cash flow positive in the last fiscal year 2.8B USD
Piotroski F-Score

8 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.54 at fiscal year end

Rank 53 of 100: lower than 53% of 199 peers (All). medium.

Rank 61 of 100: lower than 61% of 32 peers (Sector). medium.

Median Industrials: 0.62

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.25 at fiscal year end

Rank 42 of 100: higher than 42% of 215 peers (All). medium.

Rank 53 of 100: higher than 53% of 33 peers (Sector). medium.

Median Industrials: 1.22

Current assets divided by current liabilities.

Change in share count

−7.5% in 5 years

Rank 73 of 100: lower than 73% of 199 peers (All). strong.

Rank 71 of 100: lower than 71% of 29 peers (Sector). strong.

Median Industrials: −5.4%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • no data: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+11.4% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+27.8% per year), at least as fast as the sector median; per share +29.8% per year.
  • Light green: Net margin 13.7%, above the sector median (11.1%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 13.5B USD · Net income 1.5B USD · Net margin 10.9%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 14.2B USD · Net income 1.3B USD · Net margin 9.2%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 15.7B USD · Net income 1.3B USD · Net margin 8.5%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 16.6B USD · Net income 1.4B USD · Net margin 8.5%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 12.5B USD · Net income 854.9M USD · Net margin 6.9%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 14.1B USD · Net income 1.4B USD · Net margin 10.1%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 16.0B USD · Net income 1.8B USD · Net margin 11.0%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 17.7B USD · Net income 2.0B USD · Net margin 11.4%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 19.8B USD · Net income 2.6B USD · Net margin 12.9%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 21.3B USD · Net income 2.9B USD · Net margin 13.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 21.3B USD · Net income 2.9B USD · Net margin 13.7%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 18.6 USD operating income and 13.7 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue21.3B USD100.0%
Operating income4.0B USD18.6%
Research & development347.6M USD1.6%
Remaining cost of revenue and operating expenses17.0B USD79.8%
Net income2.9B USD13.7%
Interest expense226.7M USD1.1%
Taxes705.9M USD3.3%
Other116.2M USD0.5%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 12.3% to 18.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 30.9% · Operating margin 11.6% · Net margin 10.9%
  2. Fiscal year 2017: Gross margin 30.9% · Operating margin 11.7% · Net margin 9.2%
  3. Fiscal year 2018: Gross margin 30.8% · Operating margin 12.2% · Net margin 8.5%
  4. Fiscal year 2019: Gross margin 31.0% · Operating margin 12.2% · Net margin 8.5%
  5. Fiscal year 2020: Gross margin 30.5% · Operating margin 12.3% · Net margin 6.9%
  6. Fiscal year 2021: Gross margin not available · Operating margin 14.3% · Net margin 10.1%
  7. Fiscal year 2022: Gross margin not available · Operating margin 15.1% · Net margin 11.0%
  8. Fiscal year 2023: Gross margin not available · Operating margin 16.4% · Net margin 11.4%
  9. Fiscal year 2024: Gross margin not available · Operating margin 17.6% · Net margin 12.9%
  10. Fiscal year 2025: Gross margin not available · Operating margin 18.6% · Net margin 13.7%

Returns

Return on equity rose in 5 years from 13.3% to 34.0%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 22.2% · Return on assets 8.5%
  2. Fiscal year 2017: Return on equity 18.2% · Return on assets 7.2%
  3. Fiscal year 2018: Return on equity 19.0% · Return on assets 7.5%
  4. Fiscal year 2019: Return on equity 19.4% · Return on assets 6.9%
  5. Fiscal year 2020: Return on equity 13.3% · Return on assets 4.7%
  6. Fiscal year 2021: Return on equity 22.8% · Return on assets 7.9%
  7. Fiscal year 2022: Return on equity 28.8% · Return on assets 9.7%
  8. Fiscal year 2023: Return on equity 28.9% · Return on assets 10.4%
  9. Fiscal year 2024: Return on equity 34.4% · Return on assets 12.7%
  10. Fiscal year 2025: Return on equity 34.0% · Return on assets 13.6%

Equity and long-term debt

The equity ratio rose in 5 years from 35.3% to 40.1%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 6.6B USD · Long-term debt 4.1B USD
  2. Fiscal year 2017: Equity 7.1B USD · Long-term debt 4.1B USD
  3. Fiscal year 2018: Equity 7.0B USD · Long-term debt 4.1B USD
  4. Fiscal year 2019: Equity 7.3B USD · Long-term debt 5.6B USD
  5. Fiscal year 2020: Equity 6.4B USD · Long-term debt 5.3B USD
  6. Fiscal year 2021: Equity 6.3B USD · Long-term debt 4.8B USD
  7. Fiscal year 2022: Equity 6.1B USD · Long-term debt 4.8B USD
  8. Fiscal year 2023: Equity 7.0B USD · Long-term debt 4.8B USD
  9. Fiscal year 2024: Equity 7.5B USD · Long-term debt 4.8B USD
  10. Fiscal year 2025: Equity 8.6B USD · Long-term debt 4.6B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 1.59 to 1.25.

Current ratio
  1. Fiscal year 2016: Current ratio 1.55
  2. Fiscal year 2017: Current ratio 1.27
  3. Fiscal year 2018: Current ratio 1.33
  4. Fiscal year 2019: Current ratio 1.28
  5. Fiscal year 2020: Current ratio 1.59
  6. Fiscal year 2021: Current ratio 1.36
  7. Fiscal year 2022: Current ratio 1.12
  8. Fiscal year 2023: Current ratio 1.13
  9. Fiscal year 2024: Current ratio 1.21
  10. Fiscal year 2025: Current ratio 1.25

Cash flow

Free cash flow rose in 5 years from 1.3B USD to 2.8B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 1.5B USD · Capital expenditure 182.7M USD · Free cash flow 1.3B USD
  2. Fiscal year 2017: Operating cash flow 1.5B USD · Capital expenditure 221.3M USD · Free cash flow 1.3B USD
  3. Fiscal year 2018: Operating cash flow 1.4B USD · Capital expenditure 365.6M USD · Free cash flow 1.0B USD
  4. Fiscal year 2019: Operating cash flow 1.9B USD · Capital expenditure 254.1M USD · Free cash flow 1.7B USD
  5. Fiscal year 2020: Operating cash flow 1.4B USD · Capital expenditure 146.2M USD · Free cash flow 1.3B USD
  6. Fiscal year 2021: Operating cash flow 1.6B USD · Capital expenditure 223.0M USD · Free cash flow 1.4B USD
  7. Fiscal year 2022: Operating cash flow 1.5B USD · Capital expenditure 291.8M USD · Free cash flow 1.2B USD
  8. Fiscal year 2023: Operating cash flow 2.4B USD · Capital expenditure 300.7M USD · Free cash flow 2.1B USD
  9. Fiscal year 2024: Operating cash flow 3.1B USD · Capital expenditure 370.6M USD · Free cash flow 2.8B USD
  10. Fiscal year 2025: Operating cash flow 3.2B USD · Capital expenditure 383.0M USD · Free cash flow 2.8B USD

Share count

The share count fell in 5 years by 7.5% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count 261.7M
  2. Fiscal year 2017: Diluted share count 258.1M
  3. Fiscal year 2018: Diluted share count 250.1M
  4. Fiscal year 2019: Diluted share count 244.4M
  5. Fiscal year 2020: Diluted share count 243.1M
  6. Fiscal year 2021: Diluted share count 242.3M
  7. Fiscal year 2022: Diluted share count 234.9M
  8. Fiscal year 2023: Diluted share count 230.7M
  9. Fiscal year 2024: Diluted share count 228.4M
  10. Fiscal year 2025: Diluted share count 224.9M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
3.76 USD · Fiscal year 2025
Dividend growth per year
3 y +11.9%5 y +12.1%10 y –
Years without a cut
9 in a row up to now
Payout ratio
of earnings 29% of free cash flow 30%
To shareholders (5 years)
9.2B USD 62% through repurchases
Share count over 5 years
−7.5% fewer shares – each share is a larger stake

Dividend per share

The dividend per share rose in 5 years from 2.12 USD to 3.76 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 0.00 USD
  2. Fiscal year 2017: Dividend per share 1.70 USD
  3. Fiscal year 2018: Dividend per share 1.96 USD
  4. Fiscal year 2019: Dividend per share 2.12 USD
  5. Fiscal year 2020: Dividend per share 2.12 USD
  6. Fiscal year 2021: Dividend per share 2.36 USD
  7. Fiscal year 2022: Dividend per share 2.68 USD
  8. Fiscal year 2023: Dividend per share 3.00 USD
  9. Fiscal year 2024: Dividend per share 3.36 USD
  10. Fiscal year 2025: Dividend per share 3.76 USD

Payout ratios

The payout ratio fell in 5 years from 60.2% to 29.0%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) 26.5%
  2. Fiscal year 2017: Payout ratio (earnings) 33.7% · Payout ratio (free cash flow) 33.0%
  3. Fiscal year 2018: Payout ratio (earnings) 36.6% · Payout ratio (free cash flow) 46.0%
  4. Fiscal year 2019: Payout ratio (earnings) 36.7% · Payout ratio (free cash flow) 30.6%
  5. Fiscal year 2020: Payout ratio (earnings) 60.2% · Payout ratio (free cash flow) 39.4%
  6. Fiscal year 2021: Payout ratio (earnings) 40.2% · Payout ratio (free cash flow) 41.1%
  7. Fiscal year 2022: Payout ratio (earnings) 35.8% · Payout ratio (free cash flow) 51.2%
  8. Fiscal year 2023: Payout ratio (earnings) 34.2% · Payout ratio (free cash flow) 32.7%
  9. Fiscal year 2024: Payout ratio (earnings) 29.9% · Payout ratio (free cash flow) 27.3%
  10. Fiscal year 2025: Payout ratio (earnings) 29.0% · Payout ratio (free cash flow) 29.8%

What goes back to shareholders

Over 5 years, 9.2B USD went back to shareholders, 62% of it through share repurchases. That is 90% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 348.6M USD · Share repurchases 250.1M USD · New shares issued (including employee plans) not available · Free cash flow 1.3B USD
  2. Fiscal year 2017: Dividends paid 430.1M USD · Share repurchases 1.0B USD · New shares issued (including employee plans) not available · Free cash flow 1.3B USD
  3. Fiscal year 2018: Dividends paid 479.5M USD · Share repurchases 900.2M USD · New shares issued (including employee plans) not available · Free cash flow 1.0B USD
  4. Fiscal year 2019: Dividends paid 510.1M USD · Share repurchases 750.1M USD · New shares issued (including employee plans) not available · Free cash flow 1.7B USD
  5. Fiscal year 2020: Dividends paid 507.3M USD · Share repurchases 250.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.3B USD
  6. Fiscal year 2021: Dividends paid 561.1M USD · Share repurchases 1.1B USD · New shares issued (including employee plans) not available · Free cash flow 1.4B USD
  7. Fiscal year 2022: Dividends paid 620.2M USD · Share repurchases 1.2B USD · New shares issued (including employee plans) not available · Free cash flow 1.2B USD
  8. Fiscal year 2023: Dividends paid 683.7M USD · Share repurchases 669.3M USD · New shares issued (including employee plans) not available · Free cash flow 2.1B USD
  9. Fiscal year 2024: Dividends paid 757.5M USD · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 2.8B USD
  10. Fiscal year 2025: Dividends paid 837.3M USD · Share repurchases 1.5B USD · New shares issued (including employee plans) not available · Free cash flow 2.8B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Trane Technologies next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison TT, sector Industrials; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
ETN Eaton Corporation 27.4B USD +9.0%37.6%–14.9%21.0%47.1%12.9%6/9
WM Waste Management 25.2B USD +10.6%40.4%17.1%10.7%27.1%21.8%11.2%6/9
MMM 3M 24.9B USD −5.0%39.9%18.6%13.0%69.1%12.5%5.6%5/9
UNP Union Pacific Corporation 24.5B USD +4.6%–40.2%29.1%38.7%26.5%22.4%–
JCI Johnson Controls 23.6B USD +1.1%36.4%–13.9%25.5%34.1%9.0%6/9
ADP Automatic Data Processing 21.9B USD +7.9%46.4%–20.1%73.2%9.5%23.9%8/9
PH Parker Hannifin 21.5B USD +8.4%37.7%23.6%17.0%23.7%49.9%18.2%9/9
TT Trane Technologies this stock 21.3B USD +11.4%–18.6%13.7%34.0%40.1%13.2%–
EMR Emerson Electric 18.0B USD +1.4%52.8%–12.7%11.3%48.3%14.8%6/9
Median of the sector 34 symbols 24.1B USD +9.2%35.4%10.4%12.9%26.3%33.2%9.7%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+11.4% per year, last 5 years

Sector Industrials: median +8.0% (82 symbols)

What does this mean? Revenue: over 5 years it grew by 11.4% per year on average – at least as fast as the median company in the sector (+8.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+27.8% per year, last 5 years

Sector Industrials: median +10.0% (66 symbols)

per share: +29.8% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 27.8% per year on average – at least as fast as the median company in the sector (+10.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

13.7% last fiscal year

Sector Industrials: median 11.1% (88 symbols)

What does this mean? Of every 100 USD in revenue, 13.69 USD remained as profit – at least as much as the median company in the sector (11.1%). Five years ago the margin was 6.9%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.46 latest balance sheet

Sector Industrials: median 0.58 (77 symbols)

What does this mean? For every 1 USD of equity there is 0.46 USD of financial debt – no more than the median company in the sector (0.58). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

29% Dividend / earnings per share

Sector Industrials: median 35% (65 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.29 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
21.3B USD
Revenue vs. prior year
+7.5%
Net income (FY)
2.9B USD
Net income vs. prior year
+13.7%
EPS (FY)
12.98 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−1.1%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 5, 2026 · Balance sheet Jun 30, 2026 (filed Jul 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 21.3B2.9B 13.7% 12.98 3.76 29%
2024Dec 31, 2024 19.8B2.6B 12.9% 11.24 3.36 30%
2023Dec 31, 2023 17.7B2.0B 11.4% 8.77 3.00 34%
2022Dec 31, 2022 16.0B1.8B 11.0% 7.48 2.68 36%
2021Dec 31, 2021 14.1B1.4B 10.1% 5.87 2.36 40%
2020Dec 31, 2020 12.5B854.9M 6.9% 3.52 2.12 60%
2019Dec 31, 2019 16.6B1.4B 8.5% 5.77 2.12 37%
2018Dec 31, 2018 15.7B1.3B 8.5% 5.35 1.96 37%
2017Dec 31, 2017 14.2B1.3B 9.2% 5.05 1.70 34%
2016Dec 31, 2016 13.5B1.5B 10.9% 5.65 0.00 0%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 6.4B925.7M 14.6% 4.16 2.10 50%
Q1/26Mar 31, 2026 5.0B584.4M 11.8% 2.62 1.05 40%
Q4/25*Dec 31, 2025 5.1B591.3M 11.5% – 0.94 –
Q3/25Sep 30, 2025 5.7B847.6M 14.8% 3.78 0.00 0%
Q2/25Jun 30, 2025 5.7B874.8M 15.2% 3.89 1.88 48%
Q1/25Mar 31, 2025 4.7B604.9M 12.9% 2.67 0.94 35%
Q4/24*Dec 31, 2024 4.9B604.3M 12.4% – 0.84 –
Q3/24Sep 30, 2024 5.4B772.0M 14.2% 3.39 0.00 0%
Q2/24Jun 30, 2024 5.3B755.3M 14.2% 3.30 1.68 51%
Q1/24Mar 31, 2024 4.2B436.3M 10.3% 1.90 0.84 44%
Q4/23*Dec 31, 2023 4.4B504.3M 11.4% – 0.75 –
Q3/23Sep 30, 2023 4.9B626.3M 12.8% 2.72 0.00 0%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $43.9M2 people −$43.9M
6 months $00 people $46.2M3 people −$46.2M
12 months $172.2K1 person $75.9M5 people −$75.7M

Latest transactions

  • Oct 6, 2026 Regnery David S Chief executive (CEO), Director Open-market sale · 10b5-1 plan 48,091 shares · $23.1M · SEC
  • Aug 5, 2026 Regnery David S Chief executive (CEO), Director Open-market sale · 10b5-1 plan 43,778 shares · $20.8M · SEC
  • Aug 4, 2026 Schaeffer Melissa N. Director Open-market sale 145 shares · $68.5K · SEC
  • Apr 30, 2026 Simmons Donald E. Officer Open-market sale · 10b5-1 plan 4,593 shares · $2.3M · SEC
  • Apr 8, 2026 Kuehn Christopher J Chief financial officer (CFO) Open-market sale · 10b5-1 plan 8,619 shares · $3.9M · SEC
  • Mar 6, 2026 Elwell Elizabeth A. Officer Open-market sale · 10b5-1 plan 635 shares · $268.4K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +45

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)18.7
Rel. strength 60 d−1.0%

ATR and moving averages as price values only when logged in.

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