Direct Answer
Trane Technologies reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Product is the largest, with $14.0 billion of revenue (66% of the total), followed by Service at $7.3 billion (34%).
How Does Trane Technologies Make Money?
Product supplies 66% of revenue, so Trane Technologies's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Service grew fastest (+12.5%) and Product slowest (+5.0%), so the revenue mix tilts toward Service while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Product | $14.0 billion | $13.3 billion | 65.6% | 5.0% |
| Service | $7.3 billion | $6.5 billion | 34.4% | 12.5% |
Where Does Trane Technologies's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Americas | $17.2 billion | $15.9 billion | 80.5% | 8.0% |
| EMEA | $2.8 billion | $2.6 billion | 13.1% | 9.6% |
| Asia Pacific | $1.4 billion | $1.4 billion | 6.3% | -2.0% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Trane Technologies's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Trane Technologies reported in the segment note and revenue disclosures of its Form 10-K filed February 5, 2026 (accession 0001628280-26-005731), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Trane Technologies's main products and services?
In its fiscal 2025 Form 10-K, Trane Technologies reports revenue for Product and Service.
Which part of Trane Technologies brings in the most revenue?
Product, with $14.0 billion of revenue in fiscal 2025, or 66% of the total.
Where does Trane Technologies report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 5, 2026, alongside management's discussion of each segment's results.