Growth Metrics

Trane Technologies (TT) Operating Expenses (2009 - 2026)

Trane Technologies posted quarterly Operating Expenses of $952.0 million for Q1 2026, up 10.88% year-on-year from $858.6 million in Q1 2025, and up 1.83% on a QoQ basis from $934.9 million in Q4 2025.

Trane Technologies (TT) has 18 years of Operating Expenses data on file, last reported at $952.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 10.88% year-over-year to $952.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (up 6.18% YoY), and the FY2025 full-year result was $3.7 billion, up 4.54% from the prior year.
  • Operating Expenses for Q1 2026 stood at $952.0 million, up from $934.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $996.4 million in Q2 2025 and bottomed at $600.8 million in Q1 2022.
  • The 5-year median for Operating Expenses is $826.1 million (2024), against an average of $810.8 million.
  • The widest annual swing landed in 2022, when Operating Expenses fell 1.11%; it then grew 28.94% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $638.9 million in 2022, then gained by 22.66% to $783.7 million in 2023, then grew by 15.25% to $903.2 million in 2024, then rose by 3.51% to $934.9 million in 2025, then advanced by 1.83% to $952.0 million in 2026.
  • The last three Operating Expenses figures came in at $952.0 million (Q1 2026), $934.9 million (Q4 2025), and $952.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 952.00 Mn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 1.22 Bn
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 5.10 Bn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 185.20 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 369.00 Mn
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 183.90 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 65.81 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 14.50 Mn
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn -
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 390.00 Mn

Historic Data

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DateValue
Mar 31, 2026 952.00 Mn
Dec 31, 2025 934.90 Mn
Sep 30, 2025 952.90 Mn
Jun 30, 2025 996.40 Mn
Mar 31, 2025 858.60 Mn
Dec 31, 2024 903.20 Mn
Sep 30, 2024 949.80 Mn
Jun 30, 2024 901.30 Mn
Mar 31, 2024 826.10 Mn
Dec 31, 2023 783.70 Mn
Sep 30, 2023 793.90 Mn
Jun 30, 2023 699.00 Mn
Mar 31, 2023 686.70 Mn
Dec 31, 2022 638.90 Mn
Sep 30, 2022 693.30 Mn
Jun 30, 2022 612.80 Mn
Mar 31, 2022 600.80 Mn
Dec 31, 2021 605.80 Mn
Sep 30, 2021 620.80 Mn
Jun 30, 2021 619.70 Mn
Mar 31, 2021 600.00 Mn
Dec 31, 2020 559.90 Mn
Sep 30, 2020 567.80 Mn
Jun 30, 2020 554.80 Mn
Mar 31, 2020 588.10 Mn
Dec 31, 2019 586.60 Mn
Sep 30, 2019 567.80 Mn
Jun 30, 2019 587.90 Mn
Mar 31, 2019 578.00 Mn
Dec 31, 2018 49.40 Mn
Sep 30, 2018 725.60 Mn
Jun 30, 2018 753.30 Mn
Mar 31, 2018 720.90 Mn
Dec 31, 2017 689.00 Mn
Sep 30, 2017 674.50 Mn
Jun 30, 2017 697.70 Mn
Mar 31, 2017 659.50 Mn
Dec 31, 2016 658.70 Mn
Sep 30, 2016 643.20 Mn
Jun 30, 2016 668.40 Mn
Mar 31, 2016 627.50 Mn
Dec 31, 2015 616.00 Mn
Sep 30, 2015 632.10 Mn
Jun 30, 2015 653.50 Mn
Mar 31, 2015 630.00 Mn
Dec 31, 2014 633.10 Mn
Sep 30, 2014 618.00 Mn
Jun 30, 2014 639.70 Mn
Mar 31, 2014 613.10 Mn
Dec 31, 2013 666.20 Mn
Sep 30, 2013 617.00 Mn
Jun 30, 2013 633.40 Mn
Mar 31, 2013 606.40 Mn
Dec 31, 2012 299.10 Mn
Sep 30, 2012 690.60 Mn
Jun 30, 2012 703.60 Mn
Mar 31, 2012 689.60 Mn
Dec 31, 2011 280.20 Mn
Sep 30, 2011 708.60 Mn
Jun 30, 2011 729.20 Mn
Mar 31, 2011 677.10 Mn
Dec 31, 2010 691.20 Mn
Sep 30, 2010 675.80 Mn
Jun 30, 2010 645.60 Mn
Mar 31, 2010 617.20 Mn
Dec 31, 2009 668.10 Mn
Sep 30, 2009 671.70 Mn
Jun 30, 2009 677.10 Mn
Mar 31, 2009 676.60 Mn