Trane Technologies (TT) Cost of Revenue (2009 - 2026)
Trane Technologies' Cost of Revenue came in at $4.37 billion for Q3 2026, up 20.7% from $3.62 billion a year earlier and up 6.9% from the prior quarter.
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Analysis
Trane Technologies (TT) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Trane Technologies reported Cost of Revenue of $15.1 billion, up 12.8% year-over-year; for FY2025, it came in at $13.61 billion, up 6.7% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 9.5% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $12.76 billion in FY2024 (-37.0%), $20.23 billion in FY2023 (+132.2%), $8.71 billion in FY2022 (-9.9%) and $9.67 billion in FY2021 (+11.7%).
- The Q3 2026 figure represents the highest quarterly Cost of Revenue since Q4 2023.
- Year-over-year, Cost of Revenue has increased for seven consecutive quarters, with an average decline of 0.3% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2026 (growth of 20.7%), and the weakest in Q4 2022 (a decline of 78.6%).
- Business Quant data shows TT's Cost of Revenue at $4.09 billion (Q2 2026), $3.24 billion (Q1 2026) and $3.39 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 88.43 Bn | 83.04 Bn | 2.38 Bn | 4.37 Bn |
| 2 | Johnson Controls International | 81.95 Bn | 79.68 Bn | 2.47 Bn | 4.14 Bn |
| 3 | Carrier Global | 43.09 Bn | 37.47 Bn | 1.90 Bn | 4.36 Bn |
| 4 | Comfort Systems Usa | 35.64 Bn | 29.60 Bn | 934.48 Mn | 2.83 Bn |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 2.76 Bn |
| 6 | James Hardie Industries | 16.21 Bn | 15.14 Bn | 562.40 Mn | 865.80 Mn |
| 7 | Masco | 16.11 Bn | 13.92 Bn | 720.00 Mn | 1.25 Bn |
| 8 | Allegion | 15.72 Bn | 14.35 Bn | 548.20 Mn | 624.40 Mn |
| 9 | Carlisle Companies | 14.80 Bn | 11.71 Bn | 494.90 Mn | 968.50 Mn |
| 10 | Lennox International | 11.75 Bn | 11.57 Bn | 497.20 Mn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.37 Bn |
| Jun 30, 2026 | 4.09 Bn |
| Mar 31, 2026 | 3.24 Bn |
| Dec 31, 2025 | 3.39 Bn |
| Sep 30, 2025 | 3.62 Bn |
| Jun 30, 2025 | 3.59 Bn |
| Mar 31, 2025 | 3.01 Bn |
| Dec 31, 2024 | 3.16 Bn |
| Sep 30, 2024 | 3.47 Bn |
| Jun 30, 2024 | 3.37 Bn |
| Mar 31, 2024 | 2.76 Bn |
| Dec 31, 2023 | 11.37 Bn |
| Sep 30, 2023 | 3.22 Bn |
| Jun 30, 2023 | 3.12 Bn |
| Mar 31, 2023 | 2.52 Bn |
| Dec 31, 2022 | 541.50 Mn |
| Sep 30, 2022 | 2.94 Bn |
| Jun 30, 2022 | 2.87 Bn |
| Mar 31, 2022 | 2.37 Bn |
| Dec 31, 2021 | 2.53 Bn |
API Access
Trane Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();