Trane Technologies (TT) Cost of Revenue (2009 - 2026)
Trane Technologies posted quarterly Cost of Revenue of $3.2 billion for Q1 2026, up 7.65% year-on-year from $3.0 billion in Q1 2025, and up 507.92% on a QoQ basis from -$794.6 million in Q4 2025.
Trane Technologies (TT) has 18 years of Cost of Revenue data on file, last reported at $3.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 7.65% year-over-year to $3.2 billion; the trailing twelve-month figure through Mar 2026 stood at $9.7 billion (up 5.16% YoY), and the FY2025 full-year result was $9.4 billion, up 5.58% from the prior year.
- Cost of Revenue for Q1 2026 stood at $3.2 billion, up from -$794.6 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $3.6 billion in Q3 2025 and bottomed at -$794.6 million in Q4 2025.
- The 5-year median for Cost of Revenue is $2.9 billion (2022), against an average of $2.2 billion.
- The widest annual swing landed in 2022, when Cost of Revenue rose 19.77%; it then sank 90.99% in 2023.
- A 5-year view of Cost of Revenue shows it stood at -$237.4 million in 2022, then plunged by 90.99% to -$453.4 million in 2023, then plunged by 47.02% to -$666.6 million in 2024, then slipped by 19.2% to -$794.6 million in 2025, then surged by 507.92% to $3.2 billion in 2026.
- The last three Cost of Revenue figures came in at $3.2 billion (Q1 2026), -$794.6 million (Q4 2025), and $3.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 3.24 Bn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 3.72 Bn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 525.00 Mn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 783.80 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 1.23 Bn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 688.90 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 314.45 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 336.20 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 1.55 Bn |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 1.76 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.24 Bn |
| Mar 31, 2026 | 3.24 Bn |
| Dec 31, 2025 | -794.60 Mn |
| Dec 31, 2025 | -794.60 Mn |
| Sep 30, 2025 | 3.62 Bn |
| Sep 30, 2025 | 3.62 Bn |
| Jun 30, 2025 | 3.59 Bn |
| Jun 30, 2025 | 3.59 Bn |
| Mar 31, 2025 | 3.01 Bn |
| Mar 31, 2025 | 3.01 Bn |
| Dec 31, 2024 | -666.60 Mn |
| Dec 31, 2024 | -666.60 Mn |
| Sep 30, 2024 | 3.47 Bn |
| Sep 30, 2024 | 3.47 Bn |
| Jun 30, 2024 | 3.37 Bn |
| Jun 30, 2024 | 3.37 Bn |
| Mar 31, 2024 | 2.76 Bn |
| Mar 31, 2024 | 2.76 Bn |
| Dec 31, 2023 | -453.40 Mn |
| Dec 31, 2023 | -453.40 Mn |
| Sep 30, 2023 | 3.22 Bn |
| Sep 30, 2023 | 3.22 Bn |
| Jun 30, 2023 | 3.12 Bn |
| Jun 30, 2023 | 3.12 Bn |
| Mar 31, 2023 | 2.52 Bn |
| Mar 31, 2023 | 2.52 Bn |
| Dec 31, 2022 | -237.40 Mn |
| Dec 31, 2022 | -237.40 Mn |
| Sep 30, 2022 | 2.94 Bn |
| Sep 30, 2022 | 2.94 Bn |
| Jun 30, 2022 | 2.87 Bn |
| Jun 30, 2022 | 2.87 Bn |
| Mar 31, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.37 Bn |
| Dec 31, 2021 | -295.90 Mn |
| Dec 31, 2021 | -295.90 Mn |
| Sep 30, 2021 | 2.52 Bn |
| Sep 30, 2021 | 2.52 Bn |
| Jun 30, 2021 | 2.56 Bn |
| Jun 30, 2021 | 2.56 Bn |
| Mar 31, 2021 | 2.06 Bn |
| Mar 31, 2021 | 2.06 Bn |
| Dec 31, 2020 | -3.92 Bn |
| Dec 31, 2020 | -3.92 Bn |
| Sep 30, 2020 | 2.36 Bn |
| Sep 30, 2020 | 2.36 Bn |
| Jun 30, 2020 | 2.16 Bn |
| Jun 30, 2020 | 2.16 Bn |
| Mar 31, 2020 | 1.90 Bn |
| Mar 31, 2020 | 1.90 Bn |
| Dec 31, 2019 | -4.27 Bn |
| Dec 31, 2019 | -4.27 Bn |
| Sep 30, 2019 | 2.37 Bn |
| Sep 30, 2019 | 2.37 Bn |
| Jun 30, 2019 | 2.46 Bn |
| Jun 30, 2019 | 2.46 Bn |
| Mar 31, 2019 | 1.99 Bn |
| Mar 31, 2019 | 1.99 Bn |
| Dec 31, 2018 | 479.90 Mn |
| Dec 31, 2018 | 479.90 Mn |
| Sep 30, 2018 | 2.72 Bn |
| Sep 30, 2018 | 2.72 Bn |
| Jun 30, 2018 | 2.96 Bn |
| Jun 30, 2018 | 2.96 Bn |
| Mar 31, 2018 | 2.42 Bn |
| Mar 31, 2018 | 2.42 Bn |
| Dec 31, 2017 | 2.54 Bn |
| Dec 31, 2017 | 2.54 Bn |
| Sep 30, 2017 | 2.49 Bn |
| Sep 30, 2017 | 2.49 Bn |
| Jun 30, 2017 | 2.65 Bn |
| Jun 30, 2017 | 2.65 Bn |
| Mar 31, 2017 | 2.13 Bn |
| Mar 31, 2017 | 2.13 Bn |
| Dec 31, 2016 | 2.35 Bn |
| Dec 31, 2016 | 2.35 Bn |
| Sep 30, 2016 | 2.41 Bn |
| Sep 30, 2016 | 2.41 Bn |
| Jun 30, 2016 | 2.51 Bn |
| Jun 30, 2016 | 2.51 Bn |
| Mar 31, 2016 | 2.04 Bn |
| Mar 31, 2016 | 2.04 Bn |
| Dec 31, 2015 | 2.32 Bn |
| Dec 31, 2015 | 2.32 Bn |
| Sep 30, 2015 | 2.38 Bn |
| Sep 30, 2015 | 2.38 Bn |
| Jun 30, 2015 | 2.49 Bn |
| Jun 30, 2015 | 2.49 Bn |
| Mar 31, 2015 | 2.09 Bn |
| Mar 31, 2015 | 2.09 Bn |
| Dec 31, 2014 | 2.26 Bn |
| Dec 31, 2014 | 2.26 Bn |
| Sep 30, 2014 | 2.33 Bn |
| Sep 30, 2014 | 2.33 Bn |
| Jun 30, 2014 | 2.44 Bn |
| Jun 30, 2014 | 2.44 Bn |
| Mar 31, 2014 | 1.95 Bn |
| Mar 31, 2014 | 1.95 Bn |
| Dec 31, 2013 | 2.21 Bn |
| Dec 31, 2013 | 2.21 Bn |
| Sep 30, 2013 | 2.22 Bn |
| Sep 30, 2013 | 2.22 Bn |
| Jun 30, 2013 | 2.38 Bn |
| Jun 30, 2013 | 2.38 Bn |
| Mar 31, 2013 | 1.91 Bn |
| Mar 31, 2013 | 1.91 Bn |
| Dec 31, 2012 | 1.19 Bn |
| Dec 31, 2012 | 1.19 Bn |
| Sep 30, 2012 | 2.45 Bn |
| Sep 30, 2012 | 2.45 Bn |
| Jun 30, 2012 | 2.64 Bn |
| Jun 30, 2012 | 2.64 Bn |
| Mar 31, 2012 | 2.25 Bn |
| Mar 31, 2012 | 2.25 Bn |
| Dec 31, 2011 | 1.29 Bn |
| Dec 31, 2011 | 1.29 Bn |
| Sep 30, 2011 | 2.76 Bn |
| Sep 30, 2011 | 2.76 Bn |
| Jun 30, 2011 | 2.86 Bn |
| Jun 30, 2011 | 2.86 Bn |
| Mar 31, 2011 | 2.37 Bn |
| Mar 31, 2011 | 2.37 Bn |
| Dec 31, 2010 | 2.62 Bn |
| Dec 31, 2010 | 2.62 Bn |
| Sep 30, 2010 | 2.64 Bn |
| Sep 30, 2010 | 2.64 Bn |
| Jun 30, 2010 | 2.47 Bn |
| Jun 30, 2010 | 2.47 Bn |
| Mar 31, 2010 | 2.01 Bn |
| Mar 31, 2010 | 2.01 Bn |
| Dec 31, 2009 | 2.28 Bn |
| Dec 31, 2009 | 2.28 Bn |
| Sep 30, 2009 | 2.46 Bn |
| Sep 30, 2009 | 2.46 Bn |
| Jun 30, 2009 | 2.52 Bn |
| Jun 30, 2009 | 2.52 Bn |
| Mar 31, 2009 | 2.21 Bn |
| Mar 31, 2009 | 2.21 Bn |