Filing Flows › Trane Technologies (TT) › Q2 2025
Trane Technologies (TT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Trane Technologies (TT) reported revenue of $5.7B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +23% from the quarter before. Operating margin was 20.3%, net earnings $879M (15.3% of revenue).
Trane Technologies, Q2 2025: revenue $5.7B (+8% year over year), operating margin 20.3%, net earnings $879M, operating cash flow $692M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | +23% | +8% |
| Operating profit | $1.2B | +42% | +13% |
| Net earnings | $879M | +44% | +16% |
| Operating cash flow | $692M | +104% | -0.5% |
| Free cash flow | $602M | +173% | -3% |
What changed
Revenue was $5.7B in Q2 2025, up 8% year over year and up 23% from the previous quarter.
Operating profit was $1.2B, a 20.3% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 19% margin then. Total costs grew 7% against revenue growth of 8%. The fastest-growing cost line was SG&A (+11%). Net earnings were $0.87B, up 16% year over year. The effective tax rate was 19.8%.
Operating cash flow was $0.69B (down 1% year over year), 79% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.31B. Capital expenditures of $0.09B left free cash flow of $0.60B.
Questions
What was Trane Technologies' revenue in the second quarter 2025?
Trane Technologies (TT) reported revenue of $5.7B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +23% from the quarter before.
Was Trane Technologies profitable in the second quarter 2025?
Operating profit was $1.2B (20.3% of revenue) and net earnings $879M.
Source: Trane Technologies 10-Q on SEC EDGAR.