Trane Technologies plc (2IS) - Net Assets
Based on the latest financial reports, Trane Technologies plc (2IS) has net assets worth €8.60 Billion EUR (≈ $10.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€21.42 Billion ≈ $25.04 Billion USD) and total liabilities (€12.82 Billion ≈ $14.99 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore 2IS operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €8.60 Billion |
| % of Total Assets | 40.15% |
| Annual Growth Rate | 1.57% |
| 5-Year Change | 37.11% |
| 10-Year Change | 28.02% |
| Growth Volatility | 9.62 |
Trane Technologies plc - Net Assets Trend (2013–2025)
This chart illustrates how Trane Technologies plc's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Trane Technologies plc (2IS) market capitalisation.
Annual Net Assets for Trane Technologies plc (2013–2025)
The table below shows the annual net assets of Trane Technologies plc from 2013 to 2025. Read Trane Technologies plc (2IS) total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €8.60 Billion ≈ $10.06 Billion |
+14.88% |
| 2024-12-31 | €7.49 Billion ≈ $8.75 Billion |
+6.70% |
| 2023-12-31 | €7.02 Billion ≈ $8.20 Billion |
+14.93% |
| 2022-12-31 | €6.11 Billion ≈ $7.14 Billion |
-2.68% |
| 2021-12-31 | €6.27 Billion ≈ $7.33 Billion |
-2.40% |
| 2020-12-31 | €6.43 Billion ≈ $7.51 Billion |
-12.11% |
| 2019-12-31 | €7.31 Billion ≈ $8.55 Billion |
+3.50% |
| 2018-12-31 | €7.06 Billion ≈ $8.26 Billion |
-1.97% |
| 2017-12-31 | €7.21 Billion ≈ $8.43 Billion |
+7.27% |
| 2016-12-31 | €6.72 Billion ≈ $7.85 Billion |
+14.27% |
| 2015-12-31 | €5.88 Billion ≈ $6.87 Billion |
-2.75% |
| 2014-12-31 | €6.05 Billion ≈ $7.07 Billion |
-15.23% |
| 2013-12-31 | €7.13 Billion ≈ $8.34 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Trane Technologies plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 53.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.42 Billion | 121.48% |
| Total Equity | €8.58 Billion | 100.00% |
Trane Technologies plc Competitors by Market Cap
The table below lists competitors of Trane Technologies plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
State Bank of India
F:SID
|
$87.65 Billion |
|
Zurich Insurance Group AG
F:ZFI1
|
$87.82 Billion |
|
National Australia Bank Limited
F:NAL
|
$88.16 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$88.27 Billion |
|
Quanta Services Inc
NYSE:PWR
|
$87.09 Billion |
|
Johnson Controls International PLC
NYSE:JCI
|
$86.82 Billion |
|
National Australia Bank Ltd
AU:NAB
|
$86.65 Billion |
|
National Grid PLC ADR
NYSE:NGG
|
$86.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trane Technologies plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,457,400,000 to 8,579,200,000, a change of 1,121,800,000 (15.0%).
- Net income of 2,918,600,000 contributed positively to equity growth.
- Dividend payments of 837,300,000 reduced retained earnings.
- Share repurchases of 1,481,300,000 reduced equity.
- Other factors increased equity by 521,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.92 Billion | +34.02% |
| Dividends Paid | €837.30 Million | -9.76% |
| Share Repurchases | €1.48 Billion | -17.27% |
| Other Changes | €521.80 Million | +6.08% |
| Total Change | €- | 15.04% |
Book Value vs Market Value Analysis
This analysis compares Trane Technologies plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.49x to 10.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €28.62 | €414.80 | x |
| 2018-12-31 | €29.03 | €414.80 | x |
| 2019-12-31 | €30.50 | €414.80 | x |
| 2020-12-31 | €26.91 | €414.80 | x |
| 2021-12-31 | €26.67 | €414.80 | x |
| 2022-12-31 | €26.68 | €414.80 | x |
| 2023-12-31 | €30.79 | €414.80 | x |
| 2024-12-31 | €33.22 | €414.80 | x |
| 2025-12-31 | €38.74 | €414.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trane Technologies plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.69%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.50x
- Recent ROE (34.02%) is above the historical average (21.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.75% | 5.01% | 0.70x | 2.50x | €-88.09 Million |
| 2014 | 15.56% | 7.23% | 0.75x | 2.89x | €332.96 Million |
| 2015 | 11.43% | 5.00% | 0.80x | 2.87x | €82.93 Million |
| 2016 | 22.22% | 10.93% | 0.78x | 2.62x | €811.82 Million |
| 2017 | 18.24% | 9.17% | 0.78x | 2.55x | €588.57 Million |
| 2018 | 19.05% | 8.54% | 0.87x | 2.55x | €635.33 Million |
| 2019 | 19.41% | 8.50% | 0.81x | 2.82x | €684.14 Million |
| 2020 | 13.30% | 6.86% | 0.69x | 2.83x | €212.19 Million |
| 2021 | 22.69% | 10.07% | 0.78x | 2.88x | €796.09 Million |
| 2022 | 28.77% | 10.98% | 0.88x | 2.96x | €1.15 Billion |
| 2023 | 28.93% | 11.45% | 0.91x | 2.77x | €1.32 Billion |
| 2024 | 34.43% | 12.94% | 0.98x | 2.70x | €1.82 Billion |
| 2025 | 34.02% | 13.69% | 1.00x | 2.50x | €2.06 Billion |
Industry Comparison
This section compares Trane Technologies plc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $226,642,091
- Average return on equity (ROE) among peers: 25.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trane Technologies plc (2IS) | €8.60 Billion | 8.75% | 1.49x | $87.59 Billion |
| Sto SE & Co. KGaA (STO3) | $450.14 Million | 12.34% | 0.67x | $320.46 Million |
| InnoTec TSS AG (TSS) | $80.56 Million | 27.54% | 0.31x | $71.78 Million |
| 3U Holding AG (UUU) | $62.27 Million | 42.79% | 0.21x | $42.34 Million |
| Villeroy & Boch AG (VIB3) | $313.60 Million | 19.20% | 2.10x | $253.50 Million |
About Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, dec… Read more