Operating Income for Trane Technologies (TT)
According to Trane Technologies's latest reported financial statements, the company's current operating income (TTM) is $3.97B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.97B
YoY change
+13.4%
5Y CAGR
+20.9%
Peak year (2025)
$3.97B
Cumulative operating income
$47.33B
Operating Income history chart for Trane Technologies (TT) from 1985 to 2025
Operating Income history table for Trane Technologies (TT) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.97B | +13.4% | ||
| 2024 | $3.50B | +20.9% | ||
| 2023 | $2.89B | +19.6% | ||
| 2022 | $2.42B | +19.6% | ||
| 2021 | $2.02B | +32.0% | ||
| 2020 | $1.53B | -8.2% | ||
| 2019 | $1.67B | +10.4% | ||
| 2018 | $1.51B | -9.2% | ||
| 2017 | $1.67B | +3.9% | ||
| 2016 | $1.60B | +10.0% | ||
| 2015 | $1.46B | +3.8% | ||
| 2014 | $1.40B | +27.1% | ||
| 2013 | $1.10B | +0.9% | ||
| 2012 | $1.10B | -27.9% | ||
| 2011 | $1.52B | +17.5% | ||
| 2010 | $1.29B | +53.6% | ||
| 2009 | $841.60M | -31.4% | ||
| 2008 | $1.23B | +16.0% | ||
| 2007 | $1.06B | -26.6% | ||
| 2006 | $1.44B | +5.8% | ||
| 2005 | $1.36B | +21.6% | ||
| 2004 | $1.12B | +28.8% | ||
| 2003 | $870.10M | +35.3% | ||
| 2002 | $643.10M | +51.9% | ||
| 2001 | $423.50M | -53.9% | ||
| 2000 | $917.70M | -15.0% | ||
| 1999 | $1.08B | +11.4% | ||
| 1998 | $969.10M | +33.9% | ||
| 1997 | $723.50M | +5.9% | ||
| 1996 | $683.50M | +37.5% | ||
| 1995 | $497.00M | +31.8% | ||
| 1994 | $377.10M | +29.4% | ||
| 1993 | $291.50M | +66.4% | ||
| 1992 | $175.20M | -35.9% | ||
| 1991 | $273.40M | -23.5% | ||
| 1990 | $357.30M | -1.1% | ||
| 1989 | $361.20M | +26.5% | ||
| 1988 | $285.50M | +6.3% | ||
| 1987 | $268.60M | +24.7% | ||
| 1986 | $215.40M | +6.1% | ||
| 1985 | $203.10M | — |
Operating Income values are taken from Trane Technologies's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Trane Technologies (TT) operating income totalled $3.97B – grew 13.4% year-over-year.
Trane Technologies operating income has grown for 5 consecutive years, with a +20.9% compound annual growth rate over 2020–2025 (5 years).
$3.97B stands as the all-time-high annual operating income, posted in 2025, against a low of $175.20M during 1992.
Trane Technologies (TT) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $8.59B.
Trane Technologies Operating Income by Year
Trane Technologies Operating Income 2025: $3.97B
Trane Technologies operating income in 2025 was $3.97B, grew 13.4% from 2024. This figure represents the highest annual value in the available history.
Trane Technologies Operating Income 2024: $3.50B
Trane Technologies operating income in 2024 was $3.50B, grew 20.9% from 2023.
Trane Technologies Operating Income 2023: $2.89B
Trane Technologies operating income in 2023 was $2.89B, grew 19.6% from 2022.
Trane Technologies Operating Income 2022: $2.42B
Trane Technologies operating income in 2022 was $2.42B, grew 19.6% from 2021.
Trane Technologies Operating Income 2021: $2.02B
Trane Technologies operating income in 2021 was $2.02B.
See more financial history for Trane Technologies (TT).
Sector peers — Operating Income
Companies in the same sector as Trane Technologies, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Trane Technologies's operating income?
- Latest reported operating income for Trane Technologies (TT) is $3.97B (period ending December 31, 2025).
How has Trane Technologies operating income changed year-over-year?
- Trane Technologies (TT) operating income changed +13.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Trane Technologies operating income?
- Trane Technologies (TT) operating income compound annual growth rate is +20.9% over the most recent 5 years available.
When did Trane Technologies operating income hit its highest annual value?
- Trane Technologies operating income reached its highest annual value of $3.97B in 2025.
What was Trane Technologies operating income in 2024?
- Trane Technologies (TT) operating income in 2024 was $3.50B.
What was Trane Technologies operating income in 2025?
- Trane Technologies (TT) operating income in 2025 was $3.97B.
Metrics overview
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