Trane Technologies (TT) Debt to Equity (2009 - 2026)

Trane Technologies (TT) reported Debt to Equity of $0.54 for Q1 2026, down 15.34% on a YoY basis from $0.63 in Q1 2025, and little changed quarter-over-quarter from $0.54 in Q4 2025.

Trane Technologies (TT) Debt to Equity (2009 - 2026) Analysis & Trends

Trane Technologies has reported Debt to Equity for 18 years, with the latest figure at $0.54 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity fell 15.34% year-over-year to $0.54; the trailing twelve-month figure through Mar 2026 stood at $0.54 (down 15.34% YoY), and the FY2025 full-year result was $0.54, down 15.57% from the prior year.
  • Debt to Equity for Q1 2026 stood at $0.54, roughly flat from $0.54 in the prior quarter.
  • The five-year high for Debt to Equity was $0.84 in Q2 2022, with the low at $0.54 in Q1 2026.
  • Historically, Debt to Equity has averaged $0.7 across 5 years, with a median of $0.71 in 2024.
  • Annual changes were most pronounced in 2022 — Debt to Equity grew 10.47% — and 2025, when it dropped 22.3%.
  • Trane Technologies' Debt to Equity stood at $0.79 in 2022, then decreased by 14.01% to $0.68 in 2023, then fell by 6.46% to $0.64 in 2024, then retreated by 15.57% to $0.54 in 2025, then slipped by 0.12% to $0.54 in 2026.
  • The last three Debt to Equity figures came in at $0.54 (Q1 2026), $0.54 (Q4 2025), and $0.55 (Q3 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.54
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.70
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.88
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.96
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn -12.17
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 1.74
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.28
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.87
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.45
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 1.39

Historic Data

Download Data
DateValue
Mar 31, 2026 0.54
Dec 31, 2025 0.54
Sep 30, 2025 0.55
Jun 30, 2025 0.59
Mar 31, 2025 0.63
Dec 31, 2024 0.64
Sep 30, 2024 0.69
Jun 30, 2024 0.76
Mar 31, 2024 0.71
Dec 31, 2023 0.68
Sep 30, 2023 0.72
Jun 30, 2023 0.80
Mar 31, 2023 0.80
Dec 31, 2022 0.79
Sep 30, 2022 0.82
Jun 30, 2022 0.84
Mar 31, 2022 0.80
Dec 31, 2021 0.77
Sep 30, 2021 0.75
Jun 30, 2021 0.78