Buyback yield (TTM)
1.95%
Shareholder yield (TTM)
2.88%
5Y share count change
-8.0%
Buyback spend (TTM)
$1.82B
Cumulative buybacks
$18.67B
Key takeaways
- Trane Technologies (TT) repurchased about $1.82B of stock over the trailing twelve months.
- Diluted share count is down 8.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 19.31× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +42.7% per year over the latest 5-year window.
- TTM repurchases used about 79% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Trane Technologies (TT)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Trane Technologies (TT)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Trane Technologies (TT)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Trane Technologies (TT)
Latest: $1.48B
Overview
As of the 2025 fiscal year, Trane Technologies (TT) reported buyback spend of $1.48B – grew 15.7% year-over-year.
Over 2020–2025 (5 years), Trane Technologies buyback spend expanded at a +42.7% compound annual rate, sustaining 2 straight years of year-over-year growth.
Between 2007 and 2025, Trane Technologies buyback spend declined 25.9%, falling from $2.00B to $1.48B.
Across the available history, buyback spend reached its high of $2.00B in 2007 and its low of $0.00 in 1991.
Trane Technologies Buyback Spend 2025: $1.48B
2025's buyback spend for Trane Technologies came in at $1.48B, grew 15.7% from 2024.
Trane Technologies Buyback Spend 2024: $1.28B
Trane Technologies posted buyback spend of $1.28B in 2024, surged 91.4% from 2023.
Trane Technologies Buyback Spend 2023: $669.30M
In 2023, Trane Technologies reported buyback spend of $669.30M, plunged 44.2% below 2022.
Trane Technologies Buyback Spend 2022: $1.20B
Trane Technologies buyback spend in 2022 was $1.20B, grew 9.1% from 2021.
Trane Technologies Buyback Spend 2021: $1.10B
Trane Technologies buyback spend in 2021 was $1.10B.
See more financial history for Trane Technologies (TT).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.48B | $0.00 | $1.48B | 1.70% | 0.22B | -2.1% | |
| 2024 | $1.28B | $82.90M | $1.20B | 1.54% | 0.23B | -1.0% | |
| 2023 | $669.30M | $67.10M | $602.20M | 1.21% | 0.23B | -1.8% | |
| 2022 | $1.20B | $56.30M | $1.14B | 3.10% | 0.23B | -3.1% | |
| 2021 | $1.10B | $66.50M | $1.03B | 2.32% | 0.24B | -0.3% | |
| 2020 | $250.00M | $69.50M | $180.50M | 0.72% | 0.24B | -0.5% | |
| 2019 | $750.10M | $66.40M | $683.70M | 3.05% | 0.24B | -2.3% | |
| 2018 | $900.20M | $52.50M | $847.70M | 5.26% | 0.25B | -3.1% | |
| 2017 | $1.02B | $70.80M | $946.10M | 5.89% | 0.26B | -1.4% | |
| 2016 | $250.10M | $69.60M | $180.50M | 1.66% | 0.26B | -2.3% | |
| 2015 | $250.10M | $0.00 | $250.10M | 2.23% | 0.27B | -2.4% | |
| 2014 | $1.37B | $0.00 | $1.37B | 10.63% | 0.27B | -8.0% | |
| 2013 | $1.21B | $71.80M | $1.14B | 8.98% | 0.30B | -4.0% | |
| 2012 | $839.80M | $49.80M | $790.00M | 7.64% | 0.31B | -8.5% | |
| 2011 | $1.16B | $42.60M | $1.11B | 16.39% | 0.34B | -0.1% | |
| 2010 | $0.00 | $73.50M | −$73.50M | — | 0.34B | +3.3% | |
| 2009 | $0.00 | $68.30M | −$68.30M | — | 0.33B | +8.4% | |
| 2008 | $2.00M | $42.30M | −$40.30M | 0.05% | 0.30B | +2.8% | |
| 2007 | $2.00B | $0.00 | $2.00B | 20.22% | 0.30B | -8.5% | |
| 2006 | $1.10B | $0.00 | $1.10B | 11.79% | 0.32B | -5.4% | |
| 2005 | $837.20M | $0.00 | $837.20M | 8.13% | 0.34B | -2.9% | |
| 2004 | $355.90M | $0.00 | $355.90M | 3.30% | 0.35B | +1.9% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.34B | +1.3% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.34B | +2.3% | |
| 2001 | $72.50M | $0.00 | $72.50M | 1.37% | 0.33B | +2.4% | |
| 2000 | $121.30M | $0.00 | $121.30M | — | 0.32B | -24.1% | |
| 1999 | $205.80M | $0.00 | $205.80M | — | 0.43B | +29.6% | |
| 1998 | $106.40M | $0.00 | $106.40M | — | 0.33B | +0.3% | |
| 1997 | $33.00M | $0.00 | $33.00M | — | 0.33B | +1.7% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.32B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $100.00M | $0.00 | $100.00M | — | — | — | |
| 1989 | $400.00K | $0.00 | $400.00K | — | — | — |
- 2025$1.48B
- 2024$1.28B
- 2023$669.30M
- 2022$1.20B
- 2021$1.10B
- 2020$250.00M
- 2019$750.10M
- 2018$900.20M
- 2017$1.02B
- 2016$250.10M
- 2015$250.10M
- 2014$1.37B
- 2013$1.21B
- 2012$839.80M
- 2011$1.16B
- 2010$0.00
- 2009$0.00
- 2008$2.00M
- 2007$2.00B
- 2006$1.10B
- 2005$837.20M
- 2004$355.90M
- 2003$0.00
- 2002$0.00
- 2001$72.50M
- 2000$121.30M
- 1999$205.80M
- 1998$106.40M
- 1997$33.00M
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$100.00M
- 1989$400.00K
Buybacks vs stock-based compensation for Trane Technologies (TT)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 19.31×.
Buybacks vs dividends (share of cash returned) for Trane Technologies (TT)
How Trane Technologies splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Trane Technologies, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.30B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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