Trane Technologies TT

NYSE TT
$401.76 +9.44 (+2.41%)
At close: Nov 6, 2026 · 4:00 PM EST

Trane Technologies (TT) stock price is $401.76, up 2.41% on the day, as of Nov 6, 2026. It has a market cap of $88.43Bn and a P/E ratio of 28.07, and is classified in the HVAC industry (Industrials sector).

Key Stats
Market Cap88.43 Bn
P/E28.07
FCF (Yr)2.84 Bn
ROA (Yr)14.13
EV to EBIT19.95
Net Income (Yr)2.94 Bn
Enterprise Value83.04 Bn
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About

Trane Technologies plc is a public limited company incorporated in Ireland in 2009 and operates as a global climate innovator. The company delivers sustainable and efficient solutions for buildings, homes and transportation through its well known Trane and Thermo King brands. Its portfolio includes heating ventilation and air conditioning systems, transport refrigeration units and custom refrigeration solutions supported by intelligent controls and service offerings. Trane…

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Sector: Industrials Sector rationale The company designs and manufactures capital equipment, specifically HVAC systems and transport refrigeration units (Thermo King), which fall under the HVAC and Industrial Machinery industries within the Industrials sector. Its revenue model is based on the sale of these physical products, installation contracting, and long-term maintenance and repair services for commercial and industrial customers. Industries: HVAC HVAC Primary Trane Technologies is a leading manufacturer of heating, ventilation, and air conditioning (HVAC) systems for buildings and homes. Its revenue is primarily generated from the design, manufacture, sale, and service of these climate-control systems, as well as installation contracting and maintenance contracts. Pumps and Valves Pumps and Valves Secondary The company manufactures and sells transport refrigeration units and custom refrigeration solutions through its Thermo King brand, which falls under fluid-handling and flow-control equipment for process and transport industries. Equipment Rental Equipment Rental Secondary The company explicitly generates revenue from the rental of equipment and optional rental arrangements to strengthen its cash flow predictability. Classified using BQ-MICS CIK: 0001466258

Geographical Breakdown of Revenue (2025)

History

Product and Service Breakdown of Revenue (2025)

History
Peer percentiles

How Trane Technologies ranks

Ranked against the 58 companies in Construction Products58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/E 27.4xMedian 21.0x 44th
  • P/FCF 22.3xMedian 16.1x 47th
  • P/Operating cash flow 20.3xMedian 13.4x 30th
  • P/S 3.70xMedian 1.69x 13th
  • P/B 9.40xMedian 2.81x 10th
  • P/Tangible book 15.2xMedian 4.48x 10th
  • EV/EBITDA 19.4xMedian 13.3x 29th
  • EV/EBIT 21.3xMedian 16.7x 47th
  • EV/Revenue 3.83xMedian 2.08x 19th
  • EV/FCF 23.0xMedian 18.9x 47th
  • EV/Operating cash flow 21.0xMedian 15.3x 36th
  • PEG (3Y EPS CAGR) 1.46Median 0.89 35th
Peer group

Peer Comparison

Companies in the HVAC
View all peers
S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 TT Trane Technologies plc 88.43 Bn28.073.814.22 Bn
2 JCI Johnson Controls International plc 81.95 Bn22.903.289.48 Bn
3 CARR CARRIER GLOBAL Corp 43.09 Bn-23.931.8911.47 Bn
4 FIX Comfort Systems Usa Inc 35.64 Bn21.846.760.05 Bn
5 OTIS Otis Worldwide Corp 30.11 Bn19.351.998.28 Bn
6 JHX James Hardie Industries plc 16.21 Bn45.982.924.02 Bn
7 MAS Masco Corp /De/ 16.11 Bn17.402.103.25 Bn
8 ALLE Allegion plc 15.72 Bn22.753.582.03 Bn