Trane Technologies plc
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total revenue (FY2025) | $21.32 billion, up 7% reported / 6% organic year-over-year |
| Net income attributable to Trane Technologies (FY2025) | $2.92 billion |
| Diluted EPS from continuing operations (FY2025) | GAAP $13.14; Adjusted $13.06, up 16% year-over-year |
| Adjusted EBITDA / margin (FY2025) | $4.28 billion / 20.1%, up 70 basis points year-over-year |
| Bookings (FY2025) | $22.6 billion, up 11% organic |
| Backlog (as of year-end 2025) | $7.8 billion (record), up 15% versus year-end 2024 |
| Free cash flow conversion (FY2025) | 98% of net income |
| Employees (as of December 31, 2025) | approximately 44,000, down about 1,000 year-over-year |
Sources: All figures are company-disclosed, from Trane Technologies' Q4/full-year 2025 earnings release (Exhibit 99.1 to its Form 8-K) and Form 10-K segment disclosures. The company reports three geographic operating segments: Americas, EMEA, and Asia Pacific. Segment operating income shown is GAAP segment operating income (an adjusted, non-GAAP version is also disclosed and is very close to the GAAP figures). No specific, credibly-sourced third-party market-share estimate for Trane's position in the global or North American HVAC market could be confirmed from a named research firm (e.g. BSRIA, IDC) with a clear percentage and date, so no market-share widget is included; Trane is widely described in industry coverage as a leading player in commercial HVAC, but that framing is not quantified by a named third party here. 5-year revenue history for 2021-2023 is sourced from prior-year earnings releases as aggregated by third-party financial data providers; 2024-2025 figures are derived from the company's own segment disclosures.