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Year ended Dec 31, 2025 · FY2025 10-K

Trane Technologies (TT) 10-K Summary — Year Ended Dec 31, 2025

Trane Technologies reported a revenue rise to over twenty-one billion dollars for the fiscal year ending December thirty-first, twenty twenty-five, with operating income exceeding four billion dollars and net income near three billion dollars. The company generated more than three billion dollars in cash from operations, reflecting solid financial direction.

Key takeaway

Year ended Dec 31, 2025 · FY2025 10-K

Trane Technologies reported a revenue rise to over twenty-one billion dollars for the fiscal year ending December thirty-first, twenty twenty-five, with operating income exceeding four billion dollars and net income near three billion dollars. The company generated more than three billion dollars in cash from operations, reflecting solid financial direction.

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$21.3B

Revenue reported for the fiscal year.

Operating income

$4B

Income from operations reported for the year.

Net income

$2.9B

Net income reported for the year.

Operating cash flow

$3.2B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period endedRevenueYear-over-year change
Dec 31, 2022$16B+13.1%
Dec 31, 2023$17.7B+10.5%
Dec 31, 2024$19.8B+12.2%
Dec 31, 2025$21.3B+7.5%

Business overview

Trane Technologies operates in the climate control industry, providing heating, ventilation, air conditioning, and refrigeration solutions. The company’s business overview, as referenced in Item 1 of the filing, covers its operations and market focus. Risk factors, unresolved staff comments, and cybersecurity matters are detailed in subsequent items.

Financial performance

Revenue increased stepwise over recent periods, from over sixteen billion dollars to more than twenty-one billion dollars. Net income for the reported fiscal year was approximately two point nine billion dollars, with operating income of four billion dollars. Cash from operations reached about three point two billion dollars, indicating improved profitability and cash generation.

Material risks

The filing identifies risk factors under Item 1A, though specific details are not repeated here. No other explicit material risks beyond the standard risk-factor listing were supplied in the context. Readers should consult the full Risk Factors section for detailed exposures.

Liquidity and capital

Liquidity is assessed based on cash on hand, sales days outstanding, inventory turns, capital expenditure commitments, and tax payments. Primary sources include cash balances, operating cash flows, debt offerings, commercial paper, and credit facilities. The company expects sufficient funding for U.S. and non-U.S. operations for at least the next twelve months.

What to watch

Monitor the company’s ability to maintain or improve operating cash flow relative to its capital expenditure commitments and dividend payments in the next filing.