TT (Trane Technologies plc) Stock Financials & Earnings | Market Cap Arena

TT (Trane Technologies plc) Stock Financials & Earnings | Market Cap Arena

TTTrane Technologies plc

Mkt Cap$96B

Industrials·Construction·🇮🇪 Ireland·NYSE

Revenue (TTM)$21.3B

Net Income (TTM)$2.9B

EPS (TTM)$12.98

Free Cash Flow (TTM)$2.8B

Gross Margin36.2%

Op. Margin18.6%

Net Margin13.7%

FCF Margin13.3%

P/S Ratio (TTM)4.5x

P/E Ratio (TTM)33.1x

YoY Rev Growth+7.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.7B	$1.1B	$457M
Q2 23	$4.7B	$1.6B	$885M
Q3 23	$4.9B	$1.7B	$864M
Q4 23	$4.4B	$1.5B	$688M
Q1 24	$4.2B	$1.5B	$634M
Q2 24	$5.3B	$1.9B	$1.0B
Q3 24	$5.4B	$2.0B	$1.0B
Q4 24	$4.9B	$1.7B	$808M
Q1 25	$4.7B	$1.7B	$819M
Q2 25	$5.7B	$2.2B	$1.2B
Q3 25	$5.7B	$2.1B	$1.2B
Q4 25	$5.1B	$1.8B	$819M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	5.9x	53.5x
Q2 23	5.7x	51.3x
Q3 23	5.6x	49.3x
Q4 23	5.5x	47.7x
Q1 24	5.3x	44.8x
Q2 24	5.1x	41.5x
Q3 24	5.0x	39.1x
Q4 24	4.9x	37.6x
Q1 25	4.8x	35.3x
Q2 25	4.6x	33.8x
Q3 25	4.6x	32.9x
Q4 25	4.5x	33.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$9M	-$69M
Q2 23	$524M	$467M
Q3 23	$922M	$839M
Q4 23	$935M	$851M
Q1 24	$247M	$163M
Q2 24	$692M	$620M
Q3 24	$1.3B	$1.2B
Q4 24	$900M	$774M
Q1 25	$340M	$221M
Q2 25	$692M	$602M
Q3 25	$1.0B	$954M
Q4 25	$1.2B	$1.1B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$77M
Q2 23	$57M
Q3 23	$83M
Q4 23	$84M
Q1 24	$84M
Q2 24	$72M
Q3 24	$89M
Q4 24	$126M
Q1 25	$119M
Q2 25	$90M
Q3 25	$68M
Q4 25	$105M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.2%	+8.1%
Q2 23	+12.3%	+9.8%
Q3 23	+11.7%	+10.6%
Q4 23	+8.6%	+7.0%
Q1 24	+15.0%	+11.6%
Q2 24	+12.8%	+11.9%
Q3 24	+11.4%	+9.9%
Q4 24	+10.2%	+8.8%
Q1 25	+11.2%	+8.0%
Q2 25	+8.3%	+7.2%
Q3 25	+5.5%	+3.6%
Q4 25	+5.5%	+6.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$24M	0.7%
Q2 23	$16M	0.3%
Q3 23	$13M	0.3%
Q4 23	$10M	0.2%
Q1 24	$20M	0.5%
Q2 24	$0	0.0%
Q3 24	$20M	0.4%
Q4 24	$19M	0.4%
Q1 25	$20M	0.4%
Q2 25	$25M	0.4%
Q3 25	$42M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 23	—	$692M	—
Q2 23	—	—	$699M
Q3 23	—	—	$794M
Q4 23	$252M	—	$779M
Q1 24	—	$829M	—
Q2 24	—	$904M	—
Q3 24	—	—	$950M
Q4 24	—	—	$903M
Q1 25	—	—	$859M
Q2 25	—	$996M	—
Q3 25	—	$953M	—
Q4 25	—	—	$935M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 23	$2.9B	$294M	$511M
Q2 23	$3.7B	$395M	$618M
Q3 23	$3.9B	$376M	$619M
Q4 23	$3.4B	$379M	$655M
Q1 24	$3.3B	$327M	$553M
Q2 24	$4.3B	$371M	$645M
Q3 24	$4.5B	$299M	$668M
Q4 24	$3.8B	$381M	$690M
Q1 25	$3.8B	$314M	$574M
Q2 25	$4.7B	$346M	$708M
Q3 25	$4.7B	$330M	$750M
Q4 25	$4.0B	$361M	$771M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$693M	$0	$693M
Q2 23	$664M	$0	$664M
Q3 23	$960M	$0	$960M
Q4 23	$1.1B	$0	$1.1B
Q1 24	$850M	$0	$850M
Q2 24	$875M	$451M	$1.3B
Q3 24	$1.5B	$458M	$1.9B
Q4 24	$1.6B	$0	$1.6B
Q1 25	$861M	$0	$861M
Q2 25	$774M	$0	$774M
Q3 25	$1.1B	$0	$1.1B
Q4 25	$1.8B	$0	$1.8B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	232M	-0.4%
Q2 23	230M	-0.5%
Q3 23	231M	+0.1%
Q4 23	230M	-0.3%
Q1 24	230M	-0.2%
Q2 24	229M	-0.3%
Q3 24	228M	-0.3%
Q4 24	227M	-0.3%
Q1 25	226M	-0.4%
Q2 25	225M	-0.6%
Q3 25	224M	-0.3%
Q4 25	224M	-0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$300K	43K
FY 15	$296K	45K
FY 16	$300K	45K
FY 17	$309K	46K
FY 18	$252K	49K
FY 19	$262K	50K
FY 20	$356K	35K
FY 21	$382K	37K
FY 22	$410K	39K
FY 23	$442K	40K
FY 24	$441K	45K
FY 25	$485K	44K