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
Trane Technologies plc (TT) - Net Assets
Latest net assets as of December 2025: $8.60 Billion USD
Based on the latest financial reports, Trane Technologies plc (TT) has net assets worth $8.60 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) and total liabilities ($12.82 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.60 Billion |
| % of Total Assets | 40.15% |
| Annual Growth Rate | 5.39% |
| 5-Year Change | 37.11% |
| 10-Year Change | 28.02% |
| Growth Volatility | 13.0 |
Trane Technologies plc - Net Assets Trend (1985–2025)
This chart illustrates how Trane Technologies plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trane Technologies plc (1985–2025)
The table below shows the annual net assets of Trane Technologies plc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.60 Billion | +14.88% |
| 2024-12-31 | $7.49 Billion | +6.70% |
| 2023-12-31 | $7.02 Billion | +14.93% |
| 2022-12-31 | $6.11 Billion | -2.68% |
| 2021-12-31 | $6.27 Billion | -2.40% |
| 2020-12-31 | $6.43 Billion | -12.11% |
| 2019-12-31 | $7.31 Billion | +3.50% |
| 2018-12-31 | $7.06 Billion | -1.97% |
| 2017-12-31 | $7.21 Billion | +7.27% |
| 2016-12-31 | $6.72 Billion | +14.27% |
| 2015-12-31 | $5.88 Billion | -2.75% |
| 2014-12-31 | $6.05 Billion | -15.23% |
| 2013-12-31 | $7.13 Billion | -1.36% |
| 2012-12-31 | $7.23 Billion | +3.09% |
| 2011-12-31 | $7.01 Billion | -12.99% |
| 2010-12-31 | $8.06 Billion | +11.84% |
| 2009-12-31 | $7.21 Billion | +6.56% |
| 2008-12-31 | $6.76 Billion | -15.53% |
| 2007-12-31 | $8.01 Billion | +48.12% |
| 2006-12-31 | $5.40 Billion | -6.20% |
| 2005-12-31 | $5.76 Billion | +0.49% |
| 2004-12-31 | $5.73 Billion | +24.26% |
| 2003-12-31 | $4.61 Billion | +28.41% |
| 2002-12-31 | $3.59 Billion | -10.77% |
| 2001-12-31 | $4.03 Billion | +11.69% |
| 2000-12-31 | $3.61 Billion | +0.68% |
| 1999-12-31 | $3.58 Billion | +10.41% |
| 1998-12-31 | $3.24 Billion | +31.36% |
| 1997-12-31 | $2.47 Billion | +12.03% |
| 1996-12-31 | $2.20 Billion | +12.10% |
| 1995-12-31 | $1.97 Billion | +16.67% |
| 1994-12-31 | $1.69 Billion | +12.65% |
| 1993-12-31 | $1.50 Billion | +3.92% |
| 1992-12-31 | $1.44 Billion | -11.85% |
| 1991-12-31 | $1.63 Billion | +4.93% |
| 1990-12-31 | $1.56 Billion | +5.38% |
| 1989-12-31 | $1.48 Billion | +18.66% |
| 1988-12-31 | $1.24 Billion | +9.61% |
| 1987-12-31 | $1.14 Billion | +2.54% |
| 1986-12-31 | $1.11 Billion | +4.96% |
| 1985-12-31 | $1.06 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 980.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.42 Billion | 121.17% |
| Common Stock | $245.00 Million | 2.85% |
| Other Comprehensive Income | $-438.80 Million | -5.10% |
| Total Equity | $8.60 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 |
|---|---|
|
L'Oréal S.A
PINK:LRLCF
|
$94.58 Billion |
|
CVS Health Corp
NYSE:CVS
|
$94.98 Billion |
|
Bank of Montreal
NYSE:BMO
|
$95.04 Billion |
|
Xiaomi Corp
PINK:XIACF
|
$95.43 Billion |
|
L’Oreal SA
PA:OR
|
$93.09 Billion |
|
Equinix Inc
NASDAQ:EQIX
|
$92.84 Billion |
|
Sandisk Corp
NASDAQ:SNDK
|
$92.46 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$91.52 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 8,600,900,000, a change of 1,143,500,000 (15.3%).
- Net income of 2,918,600,000 contributed positively to equity growth.
- Dividend payments of 837,299,999 reduced retained earnings.
- Share repurchases of 1,481,300,000 reduced equity.
- Other comprehensive income increased equity by 425,300,000.
- Other factors increased equity by 118,199,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.92 Billion | +33.93% |
| Dividends Paid | $837.30 Million | -9.74% |
| Share Repurchases | $1.48 Billion | -17.22% |
| Other Comprehensive Income | $425.30 Million | +4.94% |
| Other Changes | $118.20 Million | +1.37% |
| Total Change | $- | 15.33% |
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: 11.06x
- 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 125.83x to 11.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.38 | $425.36 | x |
| 1986-12-31 | $3.62 | $425.36 | x |
| 1987-12-31 | $3.71 | $425.36 | x |
| 1988-12-31 | $4.00 | $425.36 | x |
| 1989-12-31 | $4.60 | $425.36 | x |
| 1990-12-31 | $5.00 | $425.36 | x |
| 1991-12-31 | $5.26 | $425.36 | x |
| 1992-12-31 | $4.14 | $425.36 | x |
| 1993-12-31 | $4.26 | $425.36 | x |
| 1994-12-31 | $4.82 | $425.36 | x |
| 1995-12-31 | $5.61 | $425.36 | x |
| 1996-12-31 | $6.45 | $425.36 | x |
| 1997-12-31 | $7.11 | $425.36 | x |
| 1998-12-31 | $8.19 | $425.36 | x |
| 1999-12-31 | $7.20 | $425.36 | x |
| 2000-12-31 | $10.76 | $425.36 | x |
| 2001-12-31 | $11.77 | $425.36 | x |
| 2002-12-31 | $10.22 | $425.36 | x |
| 2003-12-31 | $13.04 | $425.36 | x |
| 2004-12-31 | $16.33 | $425.36 | x |
| 2005-12-31 | $16.89 | $425.36 | x |
| 2006-12-31 | $16.75 | $425.36 | x |
| 2007-12-31 | $26.78 | $425.36 | x |
| 2008-12-31 | $21.93 | $425.36 | x |
| 2009-12-31 | $21.58 | $425.36 | x |
| 2010-12-31 | $23.44 | $425.36 | x |
| 2011-12-31 | $20.41 | $425.36 | x |
| 2012-12-31 | $23.28 | $425.36 | x |
| 2013-12-31 | $23.91 | $425.36 | x |
| 2014-12-31 | $22.04 | $425.36 | x |
| 2015-12-31 | $21.95 | $425.36 | x |
| 2016-12-31 | $25.67 | $425.36 | x |
| 2017-12-31 | $27.92 | $425.36 | x |
| 2018-12-31 | $28.25 | $425.36 | x |
| 2019-12-31 | $29.92 | $425.36 | x |
| 2020-12-31 | $26.44 | $425.36 | x |
| 2021-12-31 | $25.89 | $425.36 | x |
| 2022-12-31 | $25.99 | $425.36 | x |
| 2023-12-31 | $30.32 | $425.36 | x |
| 2024-12-31 | $32.65 | $425.36 | x |
| 2025-12-31 | $38.47 | $425.36 | 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): 33.93%
- 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: 2.49x
- Recent ROE (33.93%) is above the historical average (14.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 7.54% | 3.02% | 1.18x | 2.13x | $-25.92 Million |
| 1986 | 9.08% | 3.59% | 1.19x | 2.13x | $-10.15 Million |
| 1987 | 9.50% | 4.07% | 1.18x | 1.98x | $-5.66 Million |
| 1988 | 12.98% | 5.35% | 1.22x | 2.00x | $37.13 Million |
| 1989 | 13.69% | 5.87% | 1.33x | 1.76x | $54.51 Million |
| 1990 | 11.91% | 4.96% | 1.25x | 1.92x | $29.66 Million |
| 1991 | 9.22% | 4.20% | 1.20x | 1.82x | $-12.71 Million |
| 1992 | -18.12% | -6.19% | 1.12x | 2.62x | $-363.74 Million |
| 1993 | 10.56% | 3.54% | 1.19x | 2.50x | $7.52 Million |
| 1994 | 13.79% | 4.68% | 1.25x | 2.35x | $57.97 Million |
| 1995 | 15.05% | 4.72% | 1.03x | 3.10x | $90.75 Million |
| 1996 | 17.12% | 5.34% | 1.19x | 2.69x | $148.92 Million |
| 1997 | 16.25% | 6.10% | 0.74x | 3.59x | $146.36 Million |
| 1998 | 18.80% | 6.75% | 0.91x | 3.07x | $238.35 Million |
| 1999 | 19.17% | 7.56% | 0.93x | 2.72x | $282.80 Million |
| 2000 | 19.15% | 7.96% | 0.80x | 3.01x | $319.88 Million |
| 2001 | 6.29% | 2.86% | 0.78x | 2.82x | $-145.46 Million |
| 2002 | -4.99% | -1.94% | 0.83x | 3.11x | $-521.32 Million |
| 2003 | 14.34% | 6.53% | 0.93x | 2.37x | $195.17 Million |
| 2004 | 14.47% | 8.83% | 0.82x | 1.99x | $256.42 Million |
| 2005 | 18.30% | 10.00% | 0.90x | 2.04x | $478.00 Million |
| 2006 | 19.10% | 9.05% | 0.94x | 2.25x | $492.02 Million |
| 2007 | 50.16% | 45.27% | 0.61x | 1.82x | $3.18 Billion |
| 2008 | -39.40% | -19.84% | 0.63x | 3.14x | $-3.29 Billion |
| 2009 | 6.35% | 3.42% | 0.66x | 2.81x | $-258.88 Million |
| 2010 | 8.06% | 4.56% | 0.70x | 2.51x | $-154.23 Million |
| 2011 | 6.15% | 2.88% | 0.79x | 2.71x | $-266.33 Million |
| 2012 | 13.92% | 8.39% | 0.65x | 2.56x | $283.27 Million |
| 2013 | 8.68% | 5.01% | 0.70x | 2.48x | $-94.33 Million |
| 2014 | 15.41% | 7.23% | 0.75x | 2.86x | $327.16 Million |
| 2015 | 11.30% | 5.00% | 0.79x | 2.85x | $76.68 Million |
| 2016 | 21.97% | 10.93% | 0.78x | 2.59x | $804.37 Million |
| 2017 | 18.07% | 9.17% | 0.78x | 2.52x | $581.91 Million |
| 2018 | 18.93% | 10.84% | 0.69x | 2.54x | $631.12 Million |
| 2019 | 19.29% | 10.79% | 0.64x | 2.80x | $679.66 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 | 33.93% | 13.69% | 1.00x | 2.49x | $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: $287,437,890
- Average return on equity (ROE) among peers: 3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trane Technologies plc (TT) | $8.60 Billion | 7.54% | 1.49x | $93.90 Billion |
| AAON Inc (AAON) | $96.52 Million | 29.62% | 0.46x | $5.36 Billion |
| AC Partners Inc (ACPS) | $705.96K | -5.90% | 0.29x | $4.89K |
| Antelope Enterprise Holdings Ltd (AEHL) | $1.44 Billion | 16.90% | 0.16x | $2.07 Million |
| Armstrong Flooring Inc (AFIIQ) | $391.00 Million | -41.69% | 0.81x | $2.18K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $91.75 Million |
| Atlas Engineered Products Ltd (APEUF) | $19.81 Million | 35.10% | 0.81x | $33.22 Million |
| Apogee Enterprises Inc (APOG) | $406.19 Million | 16.09% | 0.62x | $694.45 Million |
| Alpha Pro Tech Ltd (APT) | $7.10 Million | 15.49% | 0.41x | $38.91 Million |
| Arlo Technologies (ARLO) | $103.28 Million | -21.34% | 1.76x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $122.47 Million | -5.24% | 0.14x | $253.70 Million |