Valuation, from the filing
| Public float | $97.20B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $439.16 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 33.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 4.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 11.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
33.3× earnings today, against a median of 21.6× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $97.20B | 33.3× | |
| 2024-06-30 | $74.10B | 28.9× | |
| 2023-06-30 | $43.60B | 21.5× | |
| 2022-06-30 | $30.00B | 17.1× | |
| 2021-06-30 | $43.70B | 30.7× | |
| 2020-06-30 | $21.20B | 24.8× | |
| 2019-06-30 | $30.50B | 21.6× | |
| 2018-06-30 | $21.93B | 16.4× | |
| 2017-06-30 | $23.12B | 17.8× | |
| 2016-06-30 | $16.35B | 11.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
Trane Technologies plc (TT) reported revenue of $23.23B and net income of $3.15B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Trane Technologies plc’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $23.23B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $4.16B |
| Net income | $3.15B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | $697.20M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.96B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | Unavailable |
| Total assets | $23.89B |
| Current assets | $8.71B |
| Total liabilities | $14.76B |
| Current liabilities | $7.75B |
| Total equity incl. NCI | $9.13B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $2.60B |
| Accounts receivable | $4.09B |
| Goodwill | $7.08B |
| Long-term debt | $3.92B |
| Accounts payable | $3.10B |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $4.19B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$1.18B |
| Financing cash flow | -$2.89B |
| Net change in cash | $101.60M |
| Stock-based compensation | $97.60M |
| Common dividends paid | $901.90M |
| Common share repurchases | $1.57B |
| Depreciation & amortization | $406.90M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | 17.9% |
| FCF margin | Unavailable |
| SBC / revenue | 0.4% |
| Current ratio | 1.12x |
| Revenue YoY growth | 10.3% |
| Net margin | 13.6% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.43x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TT in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.