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Trane Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for Trane Technologies and similar public comparables like Johnson Controls, CRH, Carrier Global, Comfort Systems USA and more.
Trane Technologies Overview
About Trane Technologies
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.
Founded
2009
HQ
Employees
44.0K
Website
Financials (LTM)
EV
$106B
Trane Technologies Financials
Trane Technologies reported last 12-month revenue of $22B and EBITDA of $4B.
In the same LTM period, Trane Technologies generated $8B in gross profit, $4B in EBITDA, and $3B in net income.
Revenue (LTM)
Trane Technologies P&L
In the most recent fiscal year, Trane Technologies reported revenue of $21B and EBITDA of $4B.
Trane Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $22B | XXX | $21B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Trane Technologies Stock Performance
Trane Technologies has current market cap of $103B, and enterprise value of $106B.
Market Cap Evolution
Trane Technologies' stock price is $466.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $106B | $103B | 0.0% | XXX | XXX | XXX | $13.27 |
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Start Free TrialTrane Technologies Valuation Multiples
Trane Technologies trades at 4.9x EV/Revenue multiple, and 24.1x EV/EBITDA.
EV / Revenue (LTM)
Trane Technologies Financial Valuation Multiples
As of March 17, 2026, Trane Technologies has market cap of $103B and EV of $106B.
Equity research analysts estimate Trane Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Trane Technologies has a P/E ratio of 34.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $103B | XXX | $103B | XXX | XXX | XXX |
| EV (current) | $106B | XXX | $106B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 24.1x | XXX | 24.7x | XXX | XXX | XXX |
| EV/EBIT | 26.3x | XXX | 26.7x | XXX | XXX | XXX |
| EV/Gross Profit | 13.5x | XXX | 13.8x | XXX | XXX | XXX |
| P/E | 34.3x | XXX | 35.1x | XXX | XXX | XXX |
| EV/FCF | 37.0x | XXX | 37.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Trane Technologies Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Trane Technologies Margins & Growth Rates
Trane Technologies' revenue in the last 12 month grew by 9%.
Trane Technologies' revenue per employee in the last FY averaged $0.5M.
Trane Technologies' rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Trane Technologies' rule of X is 42% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Trane Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Trane Technologies Public Comps
See public comps and valuation multiples for other Building Products comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Johnson Controls | XXX | XXX | XXX | XXX | XXX | XXX |
| CRH | XXX | XXX | XXX | XXX | XXX | XXX |
| Carrier Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Comfort Systems USA | XXX | XXX | XXX | XXX | XXX | XXX |
| Saint-Gobain | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Trane Technologies M&A Activity
Trane Technologies acquired XXX companies to date.
Last acquisition by Trane Technologies was on XXXXXXXX, XXXXX. Trane Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Trane Technologies
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTrane Technologies Investment Activity
Trane Technologies invested in XXX companies to date.
Trane Technologies made its latest investment on XXXXXXXX, XXXXX. Trane Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Trane Technologies
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Trane Technologies
| When was Trane Technologies founded? | Trane Technologies was founded in 2009. |
| Where is Trane Technologies headquartered? | Trane Technologies is headquartered in United States. |
| How many employees does Trane Technologies have? | As of today, Trane Technologies has over 44K employees. |
| Who is the CEO of Trane Technologies? | Trane Technologies' CEO is David S. Regnery. |
| Is Trane Technologies publicly listed? | Yes, Trane Technologies is a public company listed on NYSE. |
| What is the stock symbol of Trane Technologies? | Trane Technologies trades under TT ticker. |
| When did Trane Technologies go public? | Trane Technologies went public in 1948. |
| Who are competitors of Trane Technologies? | Trane Technologies main competitors are Johnson Controls, CRH, Carrier Global, Comfort Systems USA. |
| What is the current market cap of Trane Technologies? | Trane Technologies' current market cap is $103B. |
| What is the current revenue of Trane Technologies? | Trane Technologies' last 12 months revenue is $22B. |
| What is the current revenue growth of Trane Technologies? | Trane Technologies revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Trane Technologies? | Current revenue multiple of Trane Technologies is 4.9x. |
| Is Trane Technologies profitable? | Yes, Trane Technologies is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Trane Technologies? | Trane Technologies' last 12 months EBITDA is $4B. |
| What is Trane Technologies' EBITDA margin? | Trane Technologies' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Trane Technologies? | Current EBITDA multiple of Trane Technologies is 24.1x. |
| What is the current FCF of Trane Technologies? | Trane Technologies' last 12 months FCF is $3B. |
| What is Trane Technologies' FCF margin? | Trane Technologies' last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Trane Technologies? | Current FCF multiple of Trane Technologies is 37.0x. |
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