Filing Flows › Trane Technologies (TT) › Q4 2025
Trane Technologies (TT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Trane Technologies (TT) reported revenue of $5.1B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -10% from the quarter before. Operating margin was 15.9%, net earnings $591M (11.5% of revenue).
Trane Technologies, Q4 2025: revenue $5.1B (+6% year over year), operating margin 15.9%, net earnings $591M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1B | -10% | +6% |
| Operating profit | $819M | -30% | +1% |
| Net earnings | $591M | -30% | -2% |
| Operating cash flow | $1.2B | +15% | +29% |
| Free cash flow | $1.1B | +13% | +36% |
What changed
Revenue was $5.1B in Q4 2025, up 6% year over year and down 10% from the previous quarter.
Operating profit was $0.82B, a 15.9% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 17% margin then. Total costs grew 6% against revenue growth of 6%. Net earnings were $0.59B, down 2% year over year. The effective tax rate was 17.1%.
Operating cash flow was $1.2B (up 29% year over year), 194% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.45B. Capital expenditures of $0.11B left free cash flow of $1.1B.
Questions
What was Trane Technologies' revenue in the fourth quarter 2025?
Trane Technologies (TT) reported revenue of $5.1B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -10% from the quarter before.
Was Trane Technologies profitable in the fourth quarter 2025?
Operating profit was $819M (15.9% of revenue) and net earnings $591M.
Source: Trane Technologies 10-K on SEC EDGAR.