Trane Technologies
Financial Performance
Trane Technologies Revenue & Financials
Revenue
$19.4B (FY2024)
Market Cap
$92.5B
Employees
44,000
What is Trane Technologies's revenue?
Trane Technologies had $19.4B in revenue for fiscal year 2024, up 9.5% from 2023.
- Latest revenue
- $19.4B (FY2024)
- Year-over-year
- +9.5%
- Growth rate (CAGR)
- 11% over 3 years
- Peak revenue
- $19.4B (FY2024)
- Years of data
- 4
- Employees
- 44,000
- How many employees does Trane Technologies have?
- Trane Technologies has about 44,000 employees.
Financial Analysis
Trane Technologies delivers extraordinary financial performance characterized by double-digit organic revenue growth, expanding operating profit margins, and exceptional return on invested capital (ROIC) surpassing 26%. In fiscal 2024, Trane generated net revenues of $19.35 billion, up 11% organically, driven by surging demand for high-efficiency commercial chillers and datacenter thermal management. Operating profit reached an all-time record of $3.58 billion, with operating margin expanding to 18.5%, reflecting strong volume leverage and direct pricing realization. Trane maintains an exceptional balance sheet with a net debt-to-EBITDA ratio of 1.1x and converts over 100% of net income into free cash flow ($2.8 billion), supporting unbroken annual dividend increases and multi-billion-dollar share repurchase programs.
Revenue Trend Analysis
YoY Change
+9.5%
3-Year CAGR
+11%
Peak Year
2024
Trend
Consistent Growth
Trane Technologies has 4 full fiscal year figures on this page, compounding at +11% annually over 3 years. The most recent year saw a 9.5% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $19.4B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $19.4B | +9.5% |
| FY2023 | $17.7B | +10.5% |
| FY2022 | $16B | +13.1% |
| FY2021 | $14.1B | — |
Click any row to see year details.
Keep researching Trane Technologies
Trane Technologies Revenue and Financial FAQ
What was Trane Technologies's revenue in 2024?
Trane Technologies achieved $19.35 billion in revenue for fiscal year 2024.
Is Trane Technologies profitable?
Trane Technologies's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Trane Technologies growing?
Trane Technologies has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Trane Technologies fund its capital expenditures?
Trane Technologies funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Trane Technologies's debt profile?
Trane Technologies maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Trane Technologies reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Trane Technologies Revenue & Financials." CorpDigest, https://corpdigest.com/company/trane-technologies/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Trane Technologies reported $19.4B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/trane-technologies/financials" target="_blank" rel="noopener">CorpDigest — Trane Technologies financials</a></div>Explore Trane Technologies
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