Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $12,455 | $14,136 | $15,992 | $17,678 | $19,838 |
| Gross Profit | $3,803 | N/A | N/A | N/A | N/A |
| Operating Income | $1,533 | $2,023 | $2,419 | $2,894 | $3,500 |
| Net Income | $855 | $1,423 | $1,757 | $2,024 | $2,568 |
Over the five-year period, Trane Technologies PLC has demonstrated robust growth in revenue and profitability. Revenue increased steadily from approximately $12.45 billion in 2020 to $19.84 billion in 2024, reflecting an annual growth rate generally in the 10–14% range. Operating income experienced a notable jump, increasing from $1.53 billion in 2020 to $3.50 billion in 2024. The most significant year-over-year swing in operating income occurred between 2020 and 2021, with a roughly 32% increase that suggests improvements in operational efficiencies and potentially beneficial market conditions. Net income also displayed marked improvement, rising from $854.9 million in 2020 to $2,567.9 million in 2024, with a particularly strong 66% increase from 2020 to 2021 followed by consistent growth in subsequent years. It is worth noting that while gross profit was recorded as $3.80 billion in 2020, the subsequent years report zero values, which may indicate a change in the reporting framework or data availability issues rather than a true absence of gross profit. Overall, the consistent revenue growth combined with accelerating operating and net income figures signal a strong financial performance and suggest that Trane Technologies is effectively scaling its operations in a competitive industry. These trends, when set against the backdrop of the company’s focus on innovative HVAC and sustainability solutions, indicate solid financial health and an ability to sustain profitability improvements over the medium term.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.