Filing Flows › Trane Technologies (TT) › Q3 2026 › vs Q3 2025
Trane Technologies (TT) Q3 2026 vs Q3 2025 (year over year)
Trane Technologies's revenue rose $1.0B (+18%) from $5.7B in Q3 2025 to $6.8B in Q3 2026. Operating margin 19.9% against 20.3% (-0.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 20.3% | -0.4 pts |
| Net margin | 15.5% | 14.8% | +0.8 pts |
| Free cash flow margin | 17.8% | 16.3% | +1.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $6.8B | $5.7B | $1.0B | +18% |
| Operating profit | $1.3B | $1.2B | $178M | +15% |
| Costs & expenses | $5.4B | $4.6B | $839M | +18% |
| Pre-tax earnings | $1.3B | $1.1B | $192M | +18% |
| Other expense, net | $69.2M | $83.0M | −$13.8M | -17% |
| Cost of revenue | $4.4B | $3.6B | $751M | +21% |
| SG&A | $1.0B | $953M | $88.8M | +9% |
| Net earnings | $1.0B | $848M | $201M | +24% |
| Minority interests | $5.3M | $3.2M | $2.1M | +66% |
| Income tax | $220M | $232M | −$11.6M | -5% |
| Depreciation & amortization | $105M | $88.3M | $16.7M | +19% |
| Share-based compensation | $26.7M | $19.9M | $6.8M | +34% |
| Working capital & other | $133M | $48.2M | $84.7M | +176% |
| Operating cash flow | $1.3B | $1.0B | $309M | +31% |
| Free cash flow (OCF − capex) | $1.2B | $936M | $270M | +29% |
| Capital expenditures | $108M | $68.4M | $39.7M | +58% |
Questions
How much did Trane Technologies's revenue grow year over year in Q3 2026?
Trane Technologies's revenue rose $1.0B (+18%) from $5.7B in Q3 2025 to $6.8B in Q3 2026. Operating margin 19.9% against 20.3% (-0.4 pts).