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Trane TechnologiesTT

Building Products · Dublin, Ireland · In the S&P 500
Solid businessPricier than peers
$410.00−4.89%After hours: $411.50 (+0.37%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 4.1% over 1 year
Trane Technologies over 1 yearDaily close, $, to 30 Oct 2026
$400$450$500Nov2026MarMayJulSep$410.00$450$500NovMarJul$410.00
Source: Nasdaq daily closes
Market value$90.21B
Price to earnings28.5x
Forward P/E24.8x
Dividend yield1.02%
Year to date+5.3%
One year−4.1%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$376.43$503.46

Quality and valuation

How Trane Technologies compares with other industrials stocks. A description, not a recommendation.

Trane Technologies and 6 building products peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among industrials companies, priced above most of them.

Trane Technologies trades at 24.8 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +10.3% vs +8.2%
  • More profitable (operating margin): 17.9% vs 17.5%
  • Turns more of its sales into cash: 16.4% vs 13.1%
TT trades at 24.8x forward earnings, above the sector medianForward p/e, Building Products peers
LII15.2xAOS16.7xCARR17.9xMAS18.6xALLE19.3xTT24.8xJCI25.0xSector median 21.4xLII15.2xAOS16.7xCARR17.9xMAS18.6xALLE19.3xTT24.8xJCI25.0xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 28.9x earnings, TT is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
30x35xAverage 34.1x2025202628.9x30x35xAverage 34.1x2025202628.9x
Source: Nasdaq prices; SEC filings

Financials

From Trane Technologies's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 17.7% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bn$6bnQ4 ’24Q2 ’25Q4 ’25$6.8bnQ3 ’26$0bn$2bn$5bnQ4 ’24Q2 ’25Q4 ’25$6.8bnQ3 ’26
Source: SEC filings
Growth sped up to +17.7% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2517.7%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2517.7%Q3 ’26
Source: SEC filings
Operating margin was 19.9% last quarterOperating income as a share of revenue, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2519.9%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2519.9%Q3 ’26
Source: SEC filings
Free cash flow was $3.8 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26
Source: SEC filings
Last 12 monthsTTSector median
Revenue growth+10.3%+8.2%
Operating margin17.9%17.5%
Free cash flow margin16.4%13.1%
Price to earnings28.5x25.8x

Stories on Trane Technologies

Friday, 30 October
Earnings

Trane Technologies (TT) Tops Q3 Estimates but Shares Fall on a Held Profit Forecast

Trane's revenue rose 18% to $6.76 billion and bookings jumped 20%, but it kept its 2026 profit forecast. The stock fell 3.9% on Thursday and 2.6% more early Friday.

TT▼ 2.6%
A rooftop air-conditioning unit sinking into water

Similar companies

Building Products, by market value.

CompanyPriceTodayYTDValue
JCIJohnson Controls$149.03−5.84%+24.5%$90.27B
CARRCarrier Global$53.63−3.44%+1.5%$44.21B
ALLEAllegion$186.44−0.33%+17.1%$15.72B
MASMasco$80.64+0.57%+27.1%$15.54B
LIILennox International$344.08−1.16%−29.1%$11.77B
AOSA. O. Smith$63.07−0.06%−5.7%$8.57B