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Trane Technologies cash flow statement

In fiscal 2025, Trane Technologies's operations generated $3.19bn of cash; it spent $383m on capital projects, leaving free cash flow of $2.81bn. It returned $837m in dividends and $1.48bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,7576951,2231,1951,0929738881,5221,5241,4081,9201,4351,5881,5042,3903,1463,1954,186
Depreciation and amortisation422437359334334332364352353362397294299324348379376407
Stock-based pay6874435072686370717966706756648387100
Capital spending204180217243242234250183221285205146223292301371383370
Free cash flow1,5535161,0069528497406391,3391,3021,1231,7141,2891,3651,2122,0892,7752,8123,816
Free cash flow after stock pay1,4854429639037786725761,2701,2311,0441,6481,2191,2991,1562,0252,6922,7253,716
Dividends paid16191137192246265303349430480510507561620684758837902
Share buybacks001,1588401,2131,3752502501,0179007502501,1001,2006691,2811,4811,570

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Trane Technologies's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Trane Technologies.