Trane Technologies (TT) Cost of Revenue (2009 - 2026)
Trane Technologies (TT) posted Cost of Revenue of $4.1 billion for Q2 2026, up 26.3% on a QoQ basis from $3.2 billion in Q1 2026, and up 14.17% year-over-year from $3.6 billion in Q2 2025.
Analysis
Trane Technologies (TT) Cost of Revenue (2009 - 2026) Analysis & Trends
Trane Technologies has reported Cost of Revenue for 18 years, with the latest figure at $4.1 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 14.17% year-over-year to $4.1 billion in Q2 2026; TTM through Jun 2026 was $10.2 billion, a 8.17% increase from a year earlier, with the FY2025 full-year figure at $9.4 billion, up 5.58% from the prior year.
- Cost of Revenue was $4.1 billion for Q2 2026 at Trane Technologies, up from $3.2 billion in the prior quarter.
- The five-year high for Cost of Revenue was $4.1 billion in Q2 2026, with the low at -$794.6 million in Q4 2025.
- Average Cost of Revenue over 5 years is $2.4 billion, with a median of $3.0 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 283.0% in 2022, then slumped 183.73% in 2023.
- Over 5 years, Cost of Revenue stood at $541.5 million in 2022, then tumbled by 183.73% to -$453.4 million in 2023, then tumbled by 47.02% to -$666.6 million in 2024, then dropped by 19.2% to -$794.6 million in 2025, then soared by 615.2% to $4.1 billion in 2026.
- The last three Cost of Revenue figures came in at $4.1 billion (Q2 2026), $3.2 billion (Q1 2026), and -$794.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 4.09 Bn |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 4.14 Bn |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 2.42 Bn |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 4.41 Bn |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 1.01 Bn |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | - |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 406.20 Mn |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 616.50 Mn |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 474.49 Mn |
| 10 | Legence | 6.12 Bn | 6.21 Bn | 220.23 Mn | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.09 Bn |
| Mar 31, 2026 | 3.24 Bn |
| Dec 31, 2025 | -794.60 Mn |
| Sep 30, 2025 | 3.62 Bn |
| Jun 30, 2025 | 3.59 Bn |
| Mar 31, 2025 | 3.01 Bn |
| Dec 31, 2024 | -666.60 Mn |
| Sep 30, 2024 | 3.47 Bn |
| Jun 30, 2024 | 3.37 Bn |
| Mar 31, 2024 | 2.76 Bn |
| Dec 31, 2023 | -453.40 Mn |
| 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 | -295.90 Mn |
| Sep 30, 2021 | 2.52 Bn |