Filing Flows › Trane Technologies (TT) › Q3 2025
Trane Technologies (TT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Trane Technologies (TT) reported revenue of $5.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and -0.1% from the quarter before. Operating margin was 20.3%, net earnings $848M (14.8% of revenue).
Trane Technologies, Q3 2025: revenue $5.7B (+6% year over year), operating margin 20.3%, net earnings $848M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | -0.1% | +6% |
| Operating profit | $1.2B | +0.1% | +14% |
| Net earnings | $848M | -3% | +10% |
| Operating cash flow | $1.0B | +45% | -23% |
| Free cash flow | $936M | +55% | -23% |
What changed
Revenue was $5.7B in Q3 2025, up 6% year over year and roughly flat from the previous quarter.
Operating profit was $1.2B, a 20.3% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 19% margin then. Total costs grew 4% against revenue growth of 6%. Net earnings were $0.85B, up 10% year over year. The effective tax rate was 21.4%.
Operating cash flow was $1.0B (down 23% year over year), 118% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $0.94B.
Questions
What was Trane Technologies' revenue in the third quarter 2025?
Trane Technologies (TT) reported revenue of $5.7B for the third quarter 2025 (Q3 2025), +6% from a year earlier and -0.1% from the quarter before.
Was Trane Technologies profitable in the third quarter 2025?
Operating profit was $1.2B (20.3% of revenue) and net earnings $848M.
Source: Trane Technologies 10-Q on SEC EDGAR.