Train Technologies reported Q3 organic bookings growth of 20%, organic revenue growth of 16%, and adjusted EPS growth of 25%; it raised full-year organic revenue growth guidance to approximately 11% and expects more than $3.4 billion in 2026 capital deployment.
TT · Trane Technologies plc
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Trane Technologies plc reported three months ended September 30, 2026 net revenues of 6,759.7 million, up 17.7%, and net earnings of 1,054.0 million. It also announced an intent to acquire Cancoil Thermal Corporation, expected to close no later than first quarter 2027.
Trane Technologies plc reported third-quarter 2026 revenue of $6.8 billion, up 18 percent, adjusted continuing EPS of $4.86, up 25 percent, and backlog of $12.5 billion, up 73 percent. It raised full-year 2026 revenue guidance and reaffirmed EPS guidance.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Continuing EPS non-GAAP | $4.31 | Q2 2026 | — |
| Adjusted EBITDA non-GAAP | $1.34B | Q2 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 21.1% | Q2 2026 | — |
| Adjusted Operating Income non-GAAP | $1.25B | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating income 1.22B
+28.4M Adjustments (a,b,c)
= Adjusted Operating Income 1.25B
|
|||
| Adjusted Operating Margin non-GAAP | 19.7% | Q2 2026 | — |
| Americas Book-to-bill | 124% | Q2 2026 | — |
| Asia Pacific Book-to-bill | 131% | Q2 2026 | — |
| Backlog | $12.1B | Q2 2026 | — |
| Book-to-bill | 123% | Q2 2026 | — |
| Days Payable Outstanding | 66.3 | June 30, 2026 | — |
| Days Sales Outstanding | 60.8 | June 30, 2026 | — |
| EMEA Book-to-bill | 108% | Q2 2026 | — |
| Free cash flow non-GAAP | $1.6B | Six months ended June 30, 2026 | — |
| Inventory Turns | 6.3 | June 30, 2026 | — |
| Organic bookings non-GAAP | 37% | Q2 2026 | — |
| Segment Adjusted EBITDA margin non-GAAP | 23.5% | the three months ended June 30, 2026 filing | — |
| Total Segment Adjusted EBITDA non-GAAP | $1.42B | the three months ended June 30, 2026 filing | — |
| Total Segment Adjusted EBITDA as a percentage of net revenues non-GAAP | 22.4% | the three months ended June 30, 2026 filing | — |
| Working Capital/Revenue non-GAAP | 0.9% | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Building Products & Equipment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TT
this stock
Trane Technologies plc
|
$89.86B | +5.5% | +5.6% | 29.0 | 1.6% |
|
JCI
Johnson Controls International plc
|
$91.46B | +17.4% | -4.2% | 26.4 | 1.5% |
|
CARR
CARRIER GLOBAL Corp
|
$45.30B | +5.3% | -3.3% | — | 2.2% |
|
CODGF
Compagnie De Saint Gobain
|
$36.97B | -24.1% | — | — | 0.2% |
|
DKILF
Daikin Industries Ltd
|
$36.25B | +3.8% | — | — | 0.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 19
Trane Technologies plc reported three months ended September 30, 2026 net revenues of 6,759.7 million, up 17.7%, and net earnings of 1,054.0 million. It also announced an intent to acquire Cancoil Thermal Corporation, expected to close no later than first quarter 2027.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TT | -8.5% | -12.2% | -14.8% | +0.1% | +5.5% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | -7.8% | -10.8% | -17.3% | -1.4% | -7.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.