Trane Technologies (TT) Free Cash Flow (2009 - 2026)
Trane Technologies (TT) reported Free Cash Flow of $1.22 billion for Q3 2026, up 29.2% from $942.2 million a year earlier and up 19.1% from the prior quarter.
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Analysis
Trane Technologies (TT) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Trane Technologies' Free Cash Flow came in at $3.86 billion, up 50.8% year-over-year; for FY2025, it was $2.84 billion, up 1.1% from FY2024.
- Free Cash Flow has increased for four consecutive years, with a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $2.81 billion in FY2024 (+32.0%), $2.13 billion in FY2023 (+51.1%), $1.41 billion in FY2022 (+2.6%) and $1.37 billion in FY2021 (-15.3%).
- The Q3 2026 figure ranks as the highest quarterly Free Cash Flow since Q3 2024.
- Year over year, Free Cash Flow has now increased in each of the last four quarters, with growth averaging 34.4% over the last eight quarters.
- The high point for year-over-year Free Cash Flow in five years was Q1 2026 (growth of 145.6%); the low point was Q4 2021 (a decline of 42.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.02 billion (Q2 2026), $556.5 million (Q1 2026) and $1.06 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 1.22 Bn |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 1.08 Bn |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | 674.00 Mn |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 799.53 Mn |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 298.00 Mn |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 332.00 Mn |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 278.60 Mn |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 281.20 Mn |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 277.30 Mn |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 157.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.22 Bn |
| Jun 30, 2026 | 1.02 Bn |
| Mar 31, 2026 | 556.50 Mn |
| Dec 31, 2025 | 1.06 Bn |
| Sep 30, 2025 | 942.20 Mn |
| Jun 30, 2025 | 608.10 Mn |
| Mar 31, 2025 | 226.60 Mn |
| Dec 31, 2024 | 779.90 Mn |
| Sep 30, 2024 | 1.23 Bn |
| Jun 30, 2024 | 631.30 Mn |
| Mar 31, 2024 | 170.60 Mn |
| Dec 31, 2023 | 860.70 Mn |
| Sep 30, 2023 | 851.30 Mn |
| Jun 30, 2023 | 474.40 Mn |
| Mar 31, 2023 | -60.30 Mn |
| Dec 31, 2022 | 676.30 Mn |
| Sep 30, 2022 | 456.80 Mn |
| Jun 30, 2022 | 536.80 Mn |
| Mar 31, 2022 | -263.00 Mn |
| Dec 31, 2021 | 330.40 Mn |
API Access
Trane Technologies Free Cash Flow 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=free-cash-flow&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();