Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4
Industrial manufacturing company (1871-2020) based in Swords1
In its 2026 annual report the company says: “We generate revenue and cash primarily through the design, manufacture, sales and service of solutions for Heating, Ventilation and Air Conditioning (HVAC), transport refrigeration, and custom refrigeration solutions. Our unique business operating system, uplifting culture and highly engaged team around the world are also central to our earnings and cash flow growth.”7 It was founded by Simon Ingersoll.1 Its shares trade on NYSE under the symbol TT.1
$458.23up 0.86 (0.19%)Price as of Oct 16, 2026 at 19:58 UTC
Trane Technologies plc, a public limited company, incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively we, us, our, the Company) is a global climate innovator. We bring sustainable and efficient solutions to buildings, homes and transportation through our strategic brands, Trane ® and Thermo King ® , and our environmentally responsible portfolio of products, services and connected intelligent controls. We generate revenue and cash primarily through the design, manufacture, sales and service of solutions for Heating, Ventilation and Air Conditioning (HVAC), transport refrigeration, and custom refrigeration solutions. As an industry leader with an extensive global install base, our growth strategy includes expanding recurring revenue through services and rental options. Our unique business operating system, uplifting culture and highly engaged team around the wo…7From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue91011128$21.3B in 2025+63% since 2019Operating income91011128$4.0B in 2025+138% since 2019Net income91011128$2.9B in 2025+107% since 2019
Revenue1314$6.4B in Q2 FY2026+28% since Q1 FY2026Operating income1314$1.2B in Q2 FY2026+58% since Q1 FY2026Net income1314$925.7M in Q2 FY2026+58% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
Net revenues
$21.3B
$19.8B
$17.7B
Selling and administrative expenses
-$3.7B
-$3.6B
-$3.0B
Operating income (loss)
$4.0B
$3.5B
$2.9B
Interest expense
-$226.7M
-$238.4M
-$234.5M
Other, net
-$62.1M
-$19.9M
-$92.2M
Income (Loss) Attributable to Parent, before Tax
$3.7B
$3.2B
$2.6B
Benefit (provision) for income taxes
-$705.9M
-$627.6M
-$498.4M
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
$3.0B
$2.6B
$2.1B
Discontinued operations, net of tax
-$37.0M
-$24.7M
-$27.2M
Net earnings
$2.9B
$2.6B
$2.0B
Net earnings (loss) attributable to Trane Technologies plc
$2.9B
$2.6B
$2.0B
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest
-$17.1M
-$21.6M
-$17.8M
Continuing operations
$3.0B
$2.6B
$2.1B
Discontinued operations
-$37.0M
-$24.7M
-$27.2M
Continuing operations
$13
$11
$9
Discontinued operations
-$0
-$0
-$0
Net earnings
$13.09
$11.35
$8.85
Continuing operations
$13
$11
$9
Discontinued operations
-$0
-$0
-$0
Net earnings
$12.98
$11.24
$8.77
No quarter-by-quarter statement was filed.
Total assets1591011128$21.4B in 2025+5% since 2019Total liabilities1591011128$12.8B in 2025−3% since 2019Shareholders’ equity1591011128$8.6B in 2025+18% since 2019Cash91011128$1.8B in 2025+38% since 2019Long-term debt1591011128$3.9B in 2025−20% since 2019
Total assets1314$23.9B in Q2 FY2026+12% since Q1 FY2025Total liabilities1314$15.3B in Q2 FY2026+19% since Q1 FY2025Shareholders’ equity1314$8.6B in Q2 FY2026+1% since Q1 FY2025Long-term debt1314$3.9B in Q2 FY2026+0% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$1.8B
$1.6B
Accounts and notes receivable, net
$3.2B
$3.1B
Inventories
$2.1B
$2.0B
Other current assets
$760.8M
$686.0M
Total current assets
$7.9B
$7.3B
Property, plant and equipment, net
$2.3B
$2.0B
Goodwill
$6.5B
$6.1B
$6.1B
Intangible Assets, Net (Excluding Goodwill)
$3.2B
$3.3B
Other noncurrent assets
$1.6B
$1.3B
Total assets
$21.4B
$20.1B
Accounts payable
$2.2B
$2.1B
Accrued compensation and benefits
$614.8M
$678.4M
Accrued expenses and other current liabilities
$2.8B
$2.8B
Short-term borrowings and current maturities of long-term debt
$693.0M
$452.2M
Total current liabilities
$6.3B
$6.1B
Long-term debt
$3.9B
$4.3B
Postemployment and other benefit liabilities
$541.5M
$561.9M
Deferred and noncurrent income taxes
$716.3M
$586.6M
Other noncurrent liabilities
$1.4B
$1.1B
Total liabilities
$12.8B
$12.7B
Ordinary shares, par value, in dollars or euros per share, as stated
$1.00
$1.00
Treasury Stock, Value
-$1.6B
-$1.7B
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value
$245.0M
$249.0M
Retained earnings
$10.4B
$9.8B
Accumulated other comprehensive income (loss)
-$438.8M
-$864.1M
-$670.8M
Total Trane Technologies plc shareholders' equity
$8.6B
$7.5B
Noncontrolling interest
$21.7M
$29.5M
Total equity
$8.6B
$7.5B
$7.0B
$6.1B
Total liabilities and equity
$21.4B
$20.1B
Ordinary shares issued
245.0M shares
249.0M shares
Treasury Stock, Common, Shares
23.5M shares
24.5M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$1.8B
$1.6B
Accounts and notes receivable, net
$3.2B
$3.1B
Inventories
$2.1B
$2.0B
Other current assets
$760.8M
$686.0M
Total current assets
$7.9B
$7.3B
Property, plant and equipment, net
$2.3B
$2.0B
Goodwill
$6.5B
$6.1B
$6.1B
Intangible Assets, Net (Excluding Goodwill)
$3.2B
$3.3B
Other noncurrent assets
$1.6B
$1.3B
Total assets
$21.4B
$20.1B
Accounts payable
$2.2B
$2.1B
Accrued compensation and benefits
$614.8M
$678.4M
Accrued expenses and other current liabilities
$2.8B
$2.8B
Short-term borrowings and current maturities of long-term debt
$693.0M
$452.2M
Total current liabilities
$6.3B
$6.1B
Long-term debt
$3.9B
$4.3B
Postemployment and other benefit liabilities
$541.5M
$561.9M
Deferred and noncurrent income taxes
$716.3M
$586.6M
Other noncurrent liabilities
$1.4B
$1.1B
Total liabilities
$12.8B
$12.7B
Ordinary shares, par value, in dollars or euros per share, as stated
$1.00
$1.00
Treasury Stock, Value
-$1.6B
-$1.7B
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value
$245.0M
$249.0M
Retained earnings
$10.4B
$9.8B
Accumulated other comprehensive income (loss)
-$438.8M
-$864.1M
-$670.8M
Total Trane Technologies plc shareholders' equity
$8.6B
$7.5B
Noncontrolling interest
$21.7M
$29.5M
Total equity
$8.6B
$7.5B
$7.0B
$6.1B
Total liabilities and equity
$21.4B
$20.1B
Ordinary shares issued
245.0M shares
249.0M shares
Treasury Stock, Common, Shares
23.5M shares
24.5M shares
Cash from operations91011128$3.2B in 2025+66% since 2019Capital spending9101112$370.6M in 2024+80% since 2019Free cash flow91011128$2.8B in 2024+62% since 2019Dividends paid91011128$837.3M in 2025+64% since 2019Share buybacks91011128$1.5B in 2025+97% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
Net earnings
$2.9B
$2.6B
$2.0B
Discontinued operations, net of tax
-$37.0M
-$24.7M
-$27.2M
Depreciation and amortization
$376.3M
$379.4M
$348.1M
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash
$34.8M
$40.6M
$51.0M
Share-based Payment Arrangement, Noncash Expense
$86.6M
$82.9M
$64.3M
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item
$31.6M
-$178.3M
-$32.7M
Accounts and notes receivable
-$61.2M
-$180.6M
-$110.1M
Inventories
-$84.8M
$162.5M
-$96.4M
Other current and noncurrent assets
-$304.8M
-$162.4M
-$152.3M
Accounts payable
-$2.6M
$100.9M
-$125.3M
Other current and noncurrent liabilities
$171.8M
$318.5M
$411.3M
Net cash (used in) provided by continuing operating activities
$3.2B
$3.2B
$2.4B
Net cash (used in) provided by discontinued operating activities
-$25.9M
-$32.1M
-$37.2M
Net cash provided by (used in) operating activities
$3.2B
$3.1B
$2.4B
Capital expenditures
-$383.0M
-$370.6M
-$300.7M
Acquisition of businesses, net of cash acquired
-$276.0M
-$180.3M
-$862.8M
Proceeds from sale of property, plant and equipment
$20.6M
$4.7M
$9.2M
Payments to Acquire Short-Term Investments
$0
-$450.0M
$0
Payment for (Proceeds from) Other Investing Activity
-$1.6M
-$16.7M
-$17.9M
Net cash provided by (used in) investing activities
-$640.0M
-$562.9M
-$1.2B
Other short-term borrowings (net)
$0
$0
-$1.9M
Proceeds from long-term debt
$0
$498.5M
$699.2M
Payments of long-term debt
-$159.1M
-$507.5M
-$754.6M
Net proceeds (repayments) in debt
-$159.1M
-$9.0M
-$57.3M
Debt issuance costs
-$2.0M
-$4.6M
-$6.4M
Dividends paid to ordinary shareholders
-$837.3M
-$757.5M
-$683.7M
Dividends paid to noncontrolling interests
-$26.7M
-$13.3M
-$12.9M
Proceeds shares issued under incentive plans
$12.6M
$46.9M
$79.3M
Repurchase of ordinary shares
-$1.5B
-$1.3B
-$669.3M
Other, net
-$2.0M
-$2.3M
$0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation
-$2.5B
-$2.0B
-$1.4B
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total
$173.2M
$494.8M
-$125.2M
Effect of exchange rate changes on cash and cash equivalents
$114.5M
-$67.3M
$7.7M
Interest, net of amounts capitalized
$222.0M
$233.3M
$217.4M
Income taxes, net of refunds
$647.1M
$717.2M
$526.1M
Proceeds from Sale, Maturity and Collection of Short-Term Investments
Ingersoll Rand is part of a group headed by Ingersoll Rand. 479 entities, 56 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Ingersoll Rand
JPMorgan ChaseFiled SCHEDULE 13G/A on Ingersoll Rand, latest Jul 27, 2026 (7 filings since Jan 28, 2022)
Accudyne Industries, LLC Subsidiary · Delaware, United States
ACD S.a.r.l Subsidiary · France
Adicomp Brasil LTDA Subsidiary · Brazil
Adicomp India Private Limited Subsidiary · India
Adicomp S.p.A. Subsidiary · Italy
Advance Filtration Systems Limited Subsidiary · United Kingdom
Airmax Groupe SAS Subsidiary · France
Airmax Holding S.A.S Subsidiary · France
Anhui Gaopeng Mechanical Equipment Co., Ltd. Subsidiary · China
ARC AR COMPRIMIDO LTDA Subsidiary · Brazil
Astronaut Holdco II, Inc. Subsidiary · Delaware, United States
Blutek S&E S.r.l. Subsidiary · Italy
Blutek S.r.l. Subsidiary · Italy
BTL S.r.l. Subsidiary · Italy
and 251 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Ingersoll Rand reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of December 31, 2025, we owned or leased approximately 31 million square feet of space worldwide. Manufacturing and assembly operations are principally conducted in 38 plants across the world. We also maintain various warehouses, offices, technology centers, and repair centers throughout the world. The majority of our plant facilities are owned by us with the remainder under long-term lease arrangements. We believe that our plants have been well maintained, are generally in good condition and are suitable for conducting our business.
The locations of our principal plant facilities, by segment, at December 31, 2025 were as follows:
The rest of Item 2
Americas · EMEA · Asia Pacific
Arecibo, Puerto Rico · Barcelona, Spain · Bangkok, Thailand
Charlotte, North Carolina · Bari, Italy · Taicang, China
Clarksville, Tennessee · Charmes, France · Wujiang, China
Columbia, South Carolina · Conselve, Italy · Zhongshan, China
Fort Smith, Arkansas · Essen, Germany
Fremont, Ohio · Galway, Ireland
Grand Rapids, Michigan · Golbey, France
Greenville, South Carolina · Jettingen-Scheppach, Germany
Hastings, Nebraska · King Abdullah Economic City, Saudi Arabia
Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $3.88 a share, on Oct 30, 2025.87
When it reported results
Jul 30, 2026Reported quarterly or annual results75
Apr 30, 2026Reported quarterly or annual results79
Jan 29, 2026Reported quarterly or annual results81
Oct 30, 2025Reported quarterly or annual results83
Jul 30, 2025Reported quarterly or annual results84
Apr 30, 2025Reported quarterly or annual results88
Jan 30, 2025Reported quarterly or annual results89
Oct 30, 2024Reported quarterly or annual results90
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
607 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 379 insider forms, 19 large holders, 142 other. The latest 20:
113 open-market trades by officers, directors and large owners since October 2021: 1 buys and 112 sales. Grants, option exercises and gifts are left out.
BlackRockSCHEDULE 13G/A, 6 filings Feb 3, 2022 to Apr 23, 202595
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
From the cover page of the 10-K filed Feb 5, 2026 (Section 12(b) of the Exchange Act).7
Risk factors and legal proceedings
The risks Ingersoll Rand names in Item 1A of its 10-K filed Feb 5, 2026: 28 risks under these headings, as written.7
Risks Related to Economic Conditions
Our global operations subject us to economic risks.
Commodity and raw material shortages, supply chain risks and price increases could adversely affect our financial results.
We face significant competition in the markets that we serve.
Our growth is dependent, in part, on the timely development, commercialization and acceptance of new and enhanced products and services.
Capital and credit market conditions could adversely affect our business operations, investments, and financial performance.
Currency exchange rate fluctuations and other related risks may adversely affect our results.
Changes in U.S. or foreign trade policies and other factors beyond our control may adversely impact our business and operating results.
World geopolitical conflicts have created humanitarian crises, materially impacted economic activities, and may materially impact our global and regional operations.
The full extent to which public health crises will affect us will depend on future developments that are highly uncertain and cannot be accurately predicted.
Risks Related to Litigation
Material adverse legal judgments, fines, penalties or settlements could adversely affect our results of operations, and our financial condition.
The other 18 risks
The Aldrich and Murray Chapter 11 cases involve various risks and uncertainties that could have a material effect on us.
Risks Related to Cybersecurity and Technology
We are subject to risks relating to our information technology systems.
Security breaches or disruptions of the technology systems, infrastructure or products of the Company or our vendors could negatively impact our business and financial results.
Data privacy and protection laws are evolving and present increasing compliance challenges.
Intellectual property infringement claims of others and the inability to protect our intellectual property rights could harm our competitive position.
Risks Related to Regulatory Matters
Our reputation, ability to do business and results of operations could be impaired by improper conduct by any of our employees, agents, business partners, or other third parties.
Our operations are subject to regulatory risks.
Global climate change and related regulations could negatively affect our business.
Failure to achieve our sustainability commitments, address stakeholder expectations related to sustainability, or meet evolving legal requirements related to sustainability could harm our reputation, business operations, and financial performance.
Risks Related to Our Business Operations
Our business strategy includes acquiring businesses, product lines, technologies and capabilities, plants and other assets, entering into joint ventures and making investments that complement our existing businesses. We also occasionally divest businesses that we own. We may not identify acquisition or joint venture candidates or investment opportunities at the same rate as the past. Acquisitions, dispositions, joint ventures and investments that we identify could be unsuccessful or consume significant resources, which could adversely affect our operating results.
Natural disasters or other unexpected catastrophic events may disrupt our operations and our supply chain, and may adversely affect our results of operations and financial condition, and may not be fully covered by insurance.
Our business success depends on attracting, developing, and retaining highly qualified talent.
Our business may be adversely affected by temporary work stoppages, union negotiations, labor disputes and other matters associated with our labor force.
Risks Relating to Tax Matters
Changes in tax or other laws, regulations or treaties, changes in our status under U.S. or non-U.S. laws or adverse determinations by taxing or other governmental authorities could increase our tax burden or otherwise affect our financial condition or operating results, as well as subject our shareholders to additional taxes.
Risks Related to Our Irish Domicile
Irish law differs from the laws in effect in the United States and may afford less protection to holders of our securities.
Dividends and share repurchases are subject to uncertainty and could be modified, accelerated, or discontinued, which could affect the price of our common stock.
Dividends received by our shareholders may be subject to Irish dividend withholding tax.
Dividends received by our shareholders could be subject to Irish income tax.
Legal proceedings
In the normal course of business, we are involved in a variety of lawsuits, claims and legal proceedings, commercial and contract disputes, employment matters, product liability and product defect claims, asbestos-related claims, environmental liabilities, intellectual property disputes, and tax-related matters. In our opinion, pending legal matters are not expected to have a material adverse impact on our results of operations, financial condition, liquidity or cash flows.
The most significant litigation facing the Company is the asbestos-related bankruptcy cases of Aldrich and Murray. For detailed information on the bankruptcy cases of Aldrich and Murray, see Part I, Item 1, "Business - Asbestos-Related Matters," Part I, Item 1A, "Risk Factors - Risks Related to Litigation," Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations - Significant Matters," Part II, Item 8, Consolidated Financial Statements, and Note 20, "Commitments and Contingencies."