Trane Technologies plc (TT) is a Technology stock trading at $440.07 (as of 2026-09-01), with a market capitalization of $97.28B and a trailing P/E of 33.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Trane Technologies plc and its subsidiaries design, manufacture, market, and service heating, ventilation, air conditioning, and transport refrigeration solutions. Its offerings include HVAC equipment and controls as well as refrigeration systems such as chillers, heat pumps, and auxiliary power units, serving customers needing building climate and vehicle or transport refrigeration.
Trane Technologies designs and services commercial and residential HVAC systems plus transport-refrigeration units for freight logistics, earning revenue from equipment sales, installation, and ongoing service contracts. The commercial-building franchise is the volume and pricing-power core, while Thermo King's transport-refrigeration loop layers in a freight-cycle swing tied to global shipping volumes.
Every installed HVAC system seeds a multi-year parts-and-service annuity, so the profit model blends a cyclical equipment-sale margin peak with a lower-magnitude recurring service stream that keeps cash flowing through the 18-to-24-month replacement cycle and sustains mid-teens operating margins in demand troughs.
| Americas | $4.0B |
| EMEA | $0.6B |
| Asia Pacific | $0.3B |
Business quality (Solid): Solid franchise: 19% operating margin and 34% ROE on a 36% gross-margin base, with a service annuity that de-ranks the cyclicality of pure equipment sales.
Valuation: At 34× earnings, TT trades 35% below the Measuring & Control Equipment average (52×).
| Price | $440.07 |
| Market Cap | $97.28B |
| P/E Ratio | 33.1 |
| EV / EBITDA | 23.4 |
| Price / Book | 11.25 |
| Price / Sales | 4.38 |
| FCF Yield | 2.9% |
| DCF Value (model) | $198.01 |
| DCF Upside vs Price | -55.0% |
| Revenue (TTM) | $21.32B |
| Net Margin | 13.7% |
| Revenue Growth (YoY) | 10.6% |
| EPS Growth (YoY) | 6.9% |
| FCF Growth (YoY) | 158.7% |
| Altman Z-Score | 6.93 (safe) |
| Stock P/E | 33.1 |
| Sector P/E (Technology) | 31.8 |
| Industry P/E (Measuring & Control Equipment) | 50.5 |
| vs Sector | 3.9% |
| vs Industry | -34.5% |
| Sector | Technology |
| Industry | Measuring & Control Equipment |
| CEO | David S. Regnery |
| Employees | 45,000 |
| Country | IE |
| IPO Date | 1980-03-17 |
Data as of 2026-09-01.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.