Stock · TT · Industrials

Trane Technologies plc

Ireland · Large Cap · listed since 1985 · Revenue 12 mo. $22.2B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
$401.76
1 Y −17.4%
Market cap
$87.2B
Phase
Growth
revenue growing, core business profitable
Revenue +10.1% a year (3 years)EBIT margin 18.6%Payout 74.2% of operating cash flow

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

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Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

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Summary

Trane Technologies plc is around the middle of the Industrials sector overall

52.8 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 14.3% FCF growth a year: more than over the last 10 years, less than over the last 5 years.

If free cash flow stays at €2.5B (2025), it supports €28B. The remaining €50.3B of the market value assume it grows 14.3% a year for 10 years and not at all afterwards.

Required FCF growth per year

14.3%

no growth afterwards

Market value breakdown€78.3B market value, price as of 11/06/2026

€28B without growth
€50.3B priced-in growth
  • 5 yrs achieved 25.7%
  • 10 yrs achieved 11.2%
  • priced in 14.3%

Valuation against its own history

Price to operating cash flow 23.1×, below its usual range.

Middle half of 20 quarters: 24.9× to 28.7×, median 26.8×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 1.8% of revenue (10 years)
  • Steady FCF margin at least 7.6%, range 6.4 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • EBIT margin falling for three quarters −0.9 pp over the last four reports

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 2 of 2 changes for the better.

  • FCF, 12 mo.$3.1B → $3.5B+13.0%better
  • FCF margin14.5% → 16.0%+1.5 ppbetter

6 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability81.5above the middleEarns more than the sector: Return on capital (Greenblatt) 103.65%, sector 19.33%.
MetricStockSector medianPosition in sector
Return on equity33.93%13.10%Rank 89
Return on capital (Greenblatt)103.65%19.33%Rank 96
EBIT margin18.61%11.28%Rank 79
FCF margin13.19%8.50%Rank 78
Gross margin36.16%28.98%Rank 67
Growth60.0above the middleGrows faster than the sector: Earnings growth, 5 years per year 29.99%, sector 12.89%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year7.48%5.15%Rank 62
Earnings growth, 3 years per year20.41%8.01%Rank 74
Earnings growth, 5 years per year29.99%12.89%Rank 86
Sustainable growth (ROE × retained earnings)1.80%4.02%Rank 19
Valuation32.9below the middleValued higher than the sector: EV/sales 4.23, sector 2.08.
MetricStockSector medianPosition in sector
Earnings yield3.25%4.42%Rank 29
FCF yield3.22%3.98%Rank 39
EV/saleslower is better4.232.08Rank 25
EV/EBITlower is better22.7119.47Rank 39
Momentum27.5below the middleShare price doing worse than the sector: Share price, 1 year −17.38%, sector −0.01%.
MetricStockSector medianPosition in sector
Share price, 1 year−17.38%−0.01%Rank 20
Share price, 6 months−13.33%−1.43%Rank 28
Share price, 3 months−11.57%0.53%Rank 23
Distance from 52-week high−20.20%−16.36%Rank 39
Quality55.6around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better1.75%1.39%Rank 47
Change in share countlower is better−2.10%−0.44%Rank 74
Dividend streak in years155Rank 86
Price reaction to results, market-adjusted−3.83%0.27%Rank 15
Balance sheet & risk59.3around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio40.15%39.65%Rank 51
Net debt/EBITDAlower is better0.681.38Rank 65
Debt to equitylower is better0.540.61Rank 58
Volatility, 1 yearlower is better29.49%32.95%Rank 64

Ten years in figures

Revenue from $13.5B (2016) to $21.3B (2025), 5.2% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
201613.511.9%1.3262M2.4
201714.211.7%1.3258M2.5
201812.312.3%1.0250M3.2
201913.112.8%1.7244M4.3
202012.512.3%1.3243M2.0
202114.114.3%1.4242M2.7
202216.015.1%1.2235M3.6
202317.716.4%2.1231M3.7
202419.817.6%2.8228M3.8
202521.318.6%2.8224M2.9
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Trane Technologies plc mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Trane Technologies plc's score is built

Trane Technologies plc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Trane Technologies plc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Defensive: Low Volatility
  • PEG Strategy (inspired by Peter Lynch)
  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Growth Momentum (CAN SLIM principle)
  • Magic Formula: Value + Quality
  • Dividend Aristocrats & Continuity
  • Acquirer's Multiple: EV/EBIT Deep Value
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Trane Technologies plc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Trane Technologies plc.

MetricStockSector
P/E ratio30.822.5
P/B ratio10.42.9
Return on equity (ROE)33.9%13.1%
Equity ratio40.2%39.7%
Debt-to-equity (D/E)0.540.61
Dividend yield1.0%2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
TTTrane Technologies plcthis page
JCIJohnson Controls International PLCMedium5.5
CARRCarrier Global CorpLow1.8
SGO.PACompagnie de Saint-Gobain S.A.locked
6367.TDaikin Industries Ltd.locked
GEBN.SWGeberit AGlocked

Frequently asked questions about Trane Technologies plc stock

How does Trane Technologies plc stock (TT) score in the StockScorer model?
Trane Technologies plc stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Trane Technologies plc's P/E ratio?
Trane Technologies plc's P/E ratio is 30.8. The Industrials sector median is 22.5.
What sector is Trane Technologies plc in?
Trane Technologies plc is assigned to the Industrials sector. Its rank within the sector is 52.8 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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