Trane Technologies plc (2IS) - Net Assets

Latest as of December 2025: €8.60 Billion EUR ≈ $10.06 Billion USD

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. Check 2IS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See 2IS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Trane Technologies plc market capitalisation.

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	--

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
Waste Management Inc NYSE:WM	$87.78 Billion
Hyundai Motor Co. Ltd. KO:005380	$87.79 Billion
Monster Beverage Corp NASDAQ:MNST	$88.17 Billion
Automatic Data Processing Inc NASDAQ:ADP	$88.74 Billion
Zurich Insurance Group AG F:ZFI1	$87.53 Billion
Williams Companies Inc NYSE:WMB	$87.42 Billion
PNC Financial Services Group Inc NYSE:PNC	$87.08 Billion
Johnson Controls International PLC NYSE:JCI	$86.50 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: 10.44x
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 14.14x to 10.44x 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	€404.60	x
2018-12-31	€29.03	€404.60	x
2019-12-31	€30.50	€404.60	x
2020-12-31	€26.91	€404.60	x
2021-12-31	€26.67	€404.60	x
2022-12-31	€26.68	€404.60	x
2023-12-31	€30.79	€404.60	x
2024-12-31	€33.22	€404.60	x
2025-12-31	€38.74	€404.60	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: $291,636,772,950
Average return on equity (ROE) among peers: 12.01%

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
DAIKIN INDUSTR.UNSP.ADR (DKIA)	$2.28 Trillion	11.31%	0.89x	$31.31 Billion
ST GOBAIN ADR 1/5/EO 4 (GOBU)	$25.11 Billion	11.48%	1.42x	$42.89 Billion
NIBE INDUSTR. UNSP.ADR/1 (NJB0)	$27.97 Billion	15.55%	0.93x	$7.65 Billion
Sto SE & Co. KGaA (STO3)	$531.37 Million	15.20%	0.83x	$299.69 Million
InnoTec TSS AG (TSS)	$58.67 Million	19.23%	0.40x	$72.73 Million
3U Holding AG (UUU)	$89.55 Million	2.85%	0.35x	$42.34 Million
Villeroy & Boch AG (VIB3)	$160.40 Million	14.90%	2.74x	$235.08 Million
META WOLF AG INH O.N. (WOLF)	$79.20 Million	5.55%	0.48x	$53.82 Million

About Trane Technologies plc

F:2IS Germany Building Products & Equipment

Market Cap

$104.69 Billion

€89.55 Billion EUR

Market Cap Rank

#293 Global

#57 in Germany

Share Price

€404.60

Change (1 day)

-0.78%

52-Week Range

€322.90 - €419.30

All Time High

€419.30