Trane Technologies plc

TTNYSEIndustrials● Active

$456.84

$-5.87(-1.27%)

Market Cap$101.0B

P/E Ratio—

52W High$503.47

52W Low$348.06

Avg Volume1.4M

Open$457.56

Beta1.21

Overview

Trane Technologies plc (TT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TT · free cash flow · updated Jun 8, 2026

Core FCF metrics

TT · FCF · TTM · margin & CAGR

Free cash flow was $2.81B for FY2025 (fiscal year ending 2025-12-31), up 1.3% year-over-year The FCF margin was 13.2%. Five-year CAGR stands at +16.9%.

FY2025 Free Cash Flow$2.81B▲ +1.3% YoY

Trailing 12M (TTM)$3.16Btrailing 4 quarters sum

FCF Margin13.2%$2.81B ÷ revenue

3-Year CAGR+32.4%FY2022 → FY2025

5-Year CAGR+16.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.19B(383M)$2.81B▲ +1.3%13.2%

FY2024$3.15B(371M)$2.77B▲ +32.8%14.0%

FY2023$2.39B(301M)$2.09B▲ +72.3%11.8%

FY2022$1.50B(292M)$1.21B▼ 11.2%7.6%

FY2021$1.59B(223M)$1.37B▲ +5.9%9.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TT · P/FCF · FCF yield · FCF per share

Trane Technologies plc (TT) trades at a FCF yield of 3.13% and a price-to-free-cash-flow ratio of 32.3x. FCF per share stands at $14.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.13%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$14.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x32.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x33.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TT · cash flow statement · operating / investing / financing

For FY2025, Trane Technologies plc generated $3.19B in operating cash flow and spent 383M in capital expenditures, yielding $2.81B in free cash flow.

Operating Activities

+$3.19B

Cash from core business operations

2025-12-31

Investing Activities

−$640.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.50B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.19B) − |CapEx| (383M) = FCF ($2.81B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

TT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Trane Technologies plcYOU

$2.81B+1.3%13.2%

27%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Trane Technologies plc (TT) reported free cash flow of $2.81B for FY2025 (fiscal year ending 2025-12-31), up 1.3% year-over-year. The FCF margin was 13.2%.

Based on available data, Trane Technologies plc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.81B in FY2025. The 5-year CAGR stands at +16.9%.

Trane Technologies plc's FCF yield is 3.13% and price-to-FCF ratio is 32.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TT free cash flow · 8 questions

Trane Technologies plc free cash flow was $2.81B for FY2025, up 1.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.16B.

TT free cash flowTT FCFTT FCF 2025TT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Trane Technologies plc · Trane Technologies plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026