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Earnings transcript
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TT
Trane Technologies plc
$455.32
-8.08
(-1.74%)
| Exchange: | NYSE |
| Market Cap: | 100.181B |
| Shares Outstanding: | 312.157M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Machinery | |||||
| CEO: | David S. Regnery | |||||
| Full Time Employees: | 44000 | |||||
| Address: |
| |||||
| Website: | https://www.tranetechnologies.com |
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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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 17,677,600 | 19,838,200 | 21,321,900 |
| Gross Profit | 5,857,200 | 7,080,500 | 7,710,200 |
| EBITDA | 3,149,900 | 3,859,600 | 4,169,500 |
| Operating Income | 2,894,000 | 3,500,100 | 3,967,400 |
| Net Income | 2,023,900 | 2,567,900 | 2,918,600 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 19,391,900 | 20,146,700 | 21,420,700 |
| Total Liabilities | 12,374,900 | 12,659,800 | 12,819,800 |
| Total Stockholders Equity | 6,995,200 | 7,457,400 | 8,600,900 |
| Total Debt | 4,779,800 | 4,770,300 | 4,615,100 |
| Cash and Cash Equivalents | 1,095,300 | 1,590,100 | 1,763,300 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,389,600 | 3,177,700 | 3,194,500 |
| Capital Expenditure | -300,700 | -370,600 | -383,000 |
| Free Cash Flow | 2,088,900 | 2,807,100 | 2,811,500 |
| Net Income | 2,068,900 | 2,589,500 | 2,955,600 |
| Net Change in Cash | -125,200 | 494,800 | 173,200 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 33,007,009.967 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 34,785,065.649 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 33,955,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 7,838,525.458 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 8,260,779.238 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 8,063,654.727 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 5,710,339.309 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 6,113,709.239 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,925,400.026 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 5,650,097.234 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 5,954,462.504 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 5,812,372.941 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 26.500 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 27.340 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 25.540 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Revenue Performance: Apple reported a record revenue of $94 billion in Q3 FY2025, as highlighted in the earnings call transcript, reflecting robust demand across its product portfolio and strong operational execution.
- Strong Financial Position: High free cash flow yield (TTM) and significant cash and cash equivalents on the balance sheet indicate financial stability, providing flexibility for innovation, dividends, and share repurchases.
- Market Leadership: As a leader in the technology sector, Apple benefits from strong brand equity and a diversified product ecosystem, supported by consistent revenue growth across key product segments as per revenue product segment data.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TT intrinsic value between $180.84 – $242.08 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about TT valuation
Is Trane Technologies plc (TT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Trane Technologies plc (TT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TT’s P/E ratio?
You can see TT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TT a good long-term investment?
Whether TT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TT
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Daily snapshot
-1.74
Trading Metrics:
| Open: | 464.11 | Previous Close: | 463.4 | |
| Day Low: | 454.47 | Day High: | 465.56 | |
| Year Low: | 348.06 | Year High: | 505.87 | |
| Price Avg 50: | 473.7 | Price Avg 200: | ||
| Volume: | Average Volume: |
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