Filing Flows › Trane Technologies (TT) › Q3 2026 › vs Q2 2026
Trane Technologies (TT) Q3 2026 vs Q2 2026 (quarter over quarter)
Trane Technologies's revenue rose $406M (+6%) from $6.4B in Q2 2026 to $6.8B in Q3 2026. Operating margin 19.9% against 19.3% (+0.6 pts).
Trane Technologies, Q3 2026: revenue $6.8B (+18% year over year), operating margin 19.9%, net earnings $1.0B, operating cash flow $1.3B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 19.3% | +0.6 pts |
| Net margin | 15.5% | 14.6% | +0.9 pts |
| Free cash flow margin | 17.8% | 15.9% | +1.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $6.8B | $6.4B | $406M | +6% |
| Operating profit | $1.3B | $1.2B | $119M | +10% |
| Costs & expenses | $5.4B | $5.1B | $287M | +6% |
| Pre-tax earnings | $1.3B | $1.2B | $120M | +10% |
| Other expense, net | $69.2M | $70.8M | −$1.6M | -2% |
| Cost of revenue | $4.4B | $4.1B | $281M | +7% |
| SG&A | $1.0B | $1.0B | $6.3M | +0.6% |
| Net earnings | $1.0B | $926M | $123M | +13% |
| Minority interests | $5.3M | $9.6M | −$4.3M | -45% |
| Income tax | $220M | $218M | $1.7M | +0.8% |
| Depreciation & amortization | $105M | $110M | −$5.0M | -5% |
| Share-based compensation | $26.7M | $24.8M | $1.9M | +8% |
| Working capital & other | $133M | $27.2M | $106M | +389% |
| Operating cash flow | $1.3B | $1.1B | $226M | +21% |
| Free cash flow (OCF − capex) | $1.2B | $1.0B | $194M | +19% |
| Capital expenditures | $108M | $76.4M | $31.7M | +41% |
Questions
How much did Trane Technologies's revenue grow quarter over quarter in Q3 2026?
Trane Technologies's revenue rose $406M (+6%) from $6.4B in Q2 2026 to $6.8B in Q3 2026. Operating margin 19.9% against 19.3% (+0.6 pts).