Filing Flows › Trane Technologies (TT) › Q2 2026 › vs Q2 2025
Trane Technologies (TT) Q2 2026 vs Q2 2025 (year over year)
Trane Technologies's revenue rose $607M (+11%) from $5.7B in Q2 2025 to $6.4B in Q2 2026. Operating margin 19.3% against 20.3% (-1.0 pts).
Trane Technologies, Q2 2026: revenue $6.4B (+11% year over year), operating margin 19.3%, net earnings $926M, operating cash flow $1.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.3% | 20.3% | -1.0 pts |
| Net margin | 14.6% | 15.2% | -0.7 pts |
| Free cash flow margin | 15.9% | 10.5% | +5.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $6.4B | $5.7B | $607M | +11% |
| Operating profit | $1.2B | $1.2B | $60.1M | +5% |
| Costs & expenses | $5.1B | $4.6B | $547M | +12% |
| Pre-tax earnings | $1.2B | $1.1B | $60.8M | +6% |
| Other expense, net | $70.8M | $71.5M | −$700K | -1% |
| Cost of revenue | $4.1B | $3.6B | $508M | +14% |
| SG&A | $1.0B | $996M | $39.0M | +4% |
| Net earnings | $926M | $875M | $50.9M | +6% |
| Minority interests | $9.6M | $4.1M | $5.5M | +134% |
| Income tax | $218M | $217M | $1.5M | +0.7% |
| Depreciation & amortization | $110M | $98.1M | $11.9M | +12% |
| Share-based compensation | $24.8M | $25.2M | −$400K | -2% |
| Working capital & other | $27.2M | −$306M | $333M | — |
| Operating cash flow | $1.1B | $692M | $396M | +57% |
| Free cash flow (OCF − capex) | $1.0B | $602M | $409M | +68% |
| Capital expenditures | $76.4M | $89.9M | −$13.5M | -15% |
Questions
How much did Trane Technologies's revenue grow year over year in Q2 2026?
Trane Technologies's revenue rose $607M (+11%) from $5.7B in Q2 2025 to $6.4B in Q2 2026. Operating margin 19.3% against 20.3% (-1.0 pts).