Trane Technologies (TT) Free Cash Flow (2009 - 2026)
Trane Technologies posted quarterly Free Cash Flow of $546.5 million for Q1 2026, up 147.73% year-on-year from $220.6 million in Q1 2025, and down 47.18% on a QoQ basis from $1.0 billion in Q4 2025.
Trane Technologies (TT) has 18 years of Free Cash Flow data on file, last reported at $546.5 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 147.73% year-over-year to $546.5 million; the trailing twelve-month figure through Mar 2026 stood at $3.1 billion (up 10.78% YoY), and the FY2025 full-year result was $2.8 billion, up 1.32% from the prior year.
- Free Cash Flow for Q1 2026 stood at $546.5 million, down from $1.0 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.2 billion in Q3 2024 and bottomed at -$263.0 million in Q1 2022.
- The 5-year median for Free Cash Flow is $602.2 million (2025), against an average of $557.1 million.
- The widest annual swing landed in 2022, when Free Cash Flow plunged 220.09%; it then surged 370.98% in 2024.
- A 5-year view of Free Cash Flow shows it stood at $481.6 million in 2022, then soared by 78.72% to $860.7 million in 2023, then slipped by 10.04% to $774.3 million in 2024, then surged by 33.62% to $1.0 billion in 2025, then tumbled by 47.18% to $546.5 million in 2026.
- The last three Free Cash Flow figures came in at $546.5 million (Q1 2026), $1.0 billion (Q4 2025), and $954.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 546.50 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 531.00 Mn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | -28.00 Mn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | -39.40 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | -113.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | -73.00 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | -43.18 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 11.30 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | -13.11 Mn |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | -387.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 546.50 Mn |
| Mar 31, 2026 | 546.50 Mn |
| Dec 31, 2025 | 1.03 Bn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 954.10 Mn |
| Sep 30, 2025 | 954.10 Mn |
| Jun 30, 2025 | 602.20 Mn |
| Jun 30, 2025 | 602.20 Mn |
| Mar 31, 2025 | 220.60 Mn |
| Mar 31, 2025 | 220.60 Mn |
| Dec 31, 2024 | 774.30 Mn |
| Dec 31, 2024 | 774.30 Mn |
| Sep 30, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.20 Bn |
| Jun 30, 2024 | 638.50 Mn |
| Jun 30, 2024 | 638.50 Mn |
| Mar 31, 2024 | 163.40 Mn |
| Mar 31, 2024 | 163.40 Mn |
| Dec 31, 2023 | 860.70 Mn |
| Dec 31, 2023 | 860.70 Mn |
| Sep 30, 2023 | 851.30 Mn |
| Sep 30, 2023 | 851.30 Mn |
| Jun 30, 2023 | 474.40 Mn |
| Jun 30, 2023 | 474.40 Mn |
| Mar 31, 2023 | -60.30 Mn |
| Mar 31, 2023 | -60.30 Mn |
| Dec 31, 2022 | 481.60 Mn |
| Dec 31, 2022 | 481.60 Mn |
| Sep 30, 2022 | 641.00 Mn |
| Sep 30, 2022 | 641.00 Mn |
| Jun 30, 2022 | 352.60 Mn |
| Jun 30, 2022 | 352.60 Mn |
| Mar 31, 2022 | -263.00 Mn |
| Mar 31, 2022 | -263.00 Mn |
| Dec 31, 2021 | 330.40 Mn |
| Dec 31, 2021 | 330.40 Mn |
| Sep 30, 2021 | 366.70 Mn |
| Sep 30, 2021 | 366.70 Mn |
| Jun 30, 2021 | 455.30 Mn |
| Jun 30, 2021 | 455.30 Mn |
| Mar 31, 2021 | 219.00 Mn |
| Mar 31, 2021 | 219.00 Mn |
| Dec 31, 2020 | 569.80 Mn |
| Dec 31, 2020 | 569.80 Mn |
| Sep 30, 2020 | 901.00 Mn |
| Sep 30, 2020 | 901.00 Mn |
| Jun 30, 2020 | 180.30 Mn |
| Jun 30, 2020 | 180.30 Mn |
| Mar 31, 2020 | -362.30 Mn |
| Mar 31, 2020 | -362.30 Mn |
| Dec 31, 2019 | 416.80 Mn |
| Dec 31, 2019 | 416.80 Mn |
| Sep 30, 2019 | 600.90 Mn |
| Sep 30, 2019 | 600.90 Mn |
| Jun 30, 2019 | 402.20 Mn |
| Jun 30, 2019 | 402.20 Mn |
| Mar 31, 2019 | -101.60 Mn |
| Mar 31, 2019 | -101.60 Mn |
| Dec 31, 2018 | 17.40 Mn |
| Dec 31, 2018 | 17.40 Mn |
| Sep 30, 2018 | 480.90 Mn |
| Sep 30, 2018 | 480.90 Mn |
| Jun 30, 2018 | 333.30 Mn |
| Jun 30, 2018 | 333.30 Mn |
| Mar 31, 2018 | -119.00 Mn |
| Mar 31, 2018 | -119.00 Mn |
| Dec 31, 2017 | 599.40 Mn |
| Dec 31, 2017 | 599.40 Mn |
| Sep 30, 2017 | 398.10 Mn |
| Sep 30, 2017 | 398.10 Mn |
| Jun 30, 2017 | 421.40 Mn |
| Jun 30, 2017 | 421.40 Mn |
| Mar 31, 2017 | -78.60 Mn |
| Mar 31, 2017 | -78.60 Mn |
| Dec 31, 2016 | 355.20 Mn |
| Dec 31, 2016 | 355.20 Mn |
| Sep 30, 2016 | 550.00 Mn |
| Sep 30, 2016 | 550.00 Mn |
| Jun 30, 2016 | 386.10 Mn |
| Jun 30, 2016 | 386.10 Mn |
| Mar 31, 2016 | -41.00 Mn |
| Mar 31, 2016 | -41.00 Mn |
| Dec 31, 2015 | 531.90 Mn |
| Dec 31, 2015 | 531.90 Mn |
| Sep 30, 2015 | 38.50 Mn |
| Sep 30, 2015 | 38.50 Mn |
| Jun 30, 2015 | 239.30 Mn |
| Jun 30, 2015 | 239.30 Mn |
| Mar 31, 2015 | -170.90 Mn |
| Mar 31, 2015 | -170.90 Mn |
| Dec 31, 2014 | 351.20 Mn |
| Dec 31, 2014 | 351.20 Mn |
| Sep 30, 2014 | 368.40 Mn |
| Sep 30, 2014 | 368.40 Mn |
| Jun 30, 2014 | 211.10 Mn |
| Jun 30, 2014 | 211.10 Mn |
| Mar 31, 2014 | -172.50 Mn |
| Mar 31, 2014 | -172.50 Mn |
| Dec 31, 2013 | 363.30 Mn |
| Dec 31, 2013 | 363.30 Mn |
| Sep 30, 2013 | 296.80 Mn |
| Sep 30, 2013 | 296.80 Mn |
| Jun 30, 2013 | 260.60 Mn |
| Jun 30, 2013 | 260.60 Mn |
| Mar 31, 2013 | -71.40 Mn |
| Mar 31, 2013 | -71.40 Mn |
| Dec 31, 2012 | 300.30 Mn |
| Dec 31, 2012 | 300.30 Mn |
| Sep 30, 2012 | 386.30 Mn |
| Sep 30, 2012 | 386.30 Mn |
| Jun 30, 2012 | 302.20 Mn |
| Jun 30, 2012 | 302.20 Mn |
| Mar 31, 2012 | -36.50 Mn |
| Mar 31, 2012 | -36.50 Mn |
| Dec 31, 2011 | 393.80 Mn |
| Dec 31, 2011 | 393.80 Mn |
| Sep 30, 2011 | 339.20 Mn |
| Sep 30, 2011 | 339.20 Mn |
| Jun 30, 2011 | 367.20 Mn |
| Jun 30, 2011 | 367.20 Mn |
| Mar 31, 2011 | -94.70 Mn |
| Mar 31, 2011 | -94.70 Mn |
| Dec 31, 2010 | 50.70 Mn |
| Dec 31, 2010 | 50.70 Mn |
| Sep 30, 2010 | 259.60 Mn |
| Sep 30, 2010 | 259.60 Mn |
| Jun 30, 2010 | 278.80 Mn |
| Jun 30, 2010 | 278.80 Mn |
| Mar 31, 2010 | -73.20 Mn |
| Mar 31, 2010 | -73.20 Mn |
| Dec 31, 2009 | 193.30 Mn |
| Dec 31, 2009 | 193.30 Mn |
| Sep 30, 2009 | 553.60 Mn |
| Sep 30, 2009 | 553.60 Mn |
| Jun 30, 2009 | 812.80 Mn |
| Jun 30, 2009 | 812.80 Mn |
| Mar 31, 2009 | -6.90 Mn |
| Mar 31, 2009 | -6.90 Mn |