simplyStocks
Trane Technologies
TT · NYSEIndustrials — Climate / HVAC
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$110B
P/E ratio
37×
Div yield
0.9%
EPS (2025)
$12.98
Revenue
$21.3B
Rev. growth
+7%
Net income
$3.5B
Backlog
$7.8B
In plain English
Trane Technologies is the climate-control company behind the air in commercial buildings, factories and homes — chillers, rooftop units and heat pumps under the Trane and American Standard names, plus the Thermo King refrigeration that keeps trucks, trailers and shipping containers cold. After spinning off its industrial pumps business in 2020 it became a pure-play on heating, cooling and the energy transition, and is now riding the AI build-out by cooling data centres (LiquidStack immersion, Stellar liquid-to-chip) and optimising buildings with AI (BrainBox AI).
In simple terms
From copper to cool air
Copper, steel and compressors flow into Trane's plants; out come chillers, heat pumps, residential units and Thermo King refrigeration — sold through dealers and bundled with service and AI controls.
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Risk read
SteadierMore speculative
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