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DC Infra·TT

Trane Technologies plc

NYSE · IE

HVAC and climate systems supplier with chillers, controls, and thermal management solutions for commercial and mission-critical buildings.

AI relevance

Data center cooling and thermal-management supplier for AI infrastructure.

DC Infra Cooling

Price

$480.96

Change

+6.62 (+1.40%)

Market cap

$106.3B

52w range

$348–$503

Exchange

NYSE

Country

Jason's Chips

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Price chart

TT market performance

Daily close for Trane Technologies plc

Latest close: $480.7
Range move: +$51.70 (+12.1%)
Range high: $492.5
Range low: $376.4
Latest volume: 478.7K
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

59 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetHold

Analyst expectations

Consensus target

$525.00

+9.2%

Target range

$450.00 - $585.00

Rating mix

Hold

26 ratings

Next FY revenue

$23.38B

2026-12-31

Next FY EPS

$14.91

$14.61 - $15.03

Rating consensus26 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$23.38B	$22.83B - $23.59B	$14.91	$14.61 - $15.03	$5.55B	$5.45B	$3.31B	$4.00B	17 rev / 14 EPS
2027-12-31	$25.33B	$24.38B - $25.70B	$17.02	$16.64 - $17.34	$6.02B	$5.91B	$3.75B	$4.34B	17 rev / 15 EPS
2028-12-31	$27.45B	$27.39B - $27.51B	$19.45	$18.49 - $20.44	$6.52B	$6.40B	$4.36B	$4.70B	13 rev / 7 EPS
2029-12-31	$30.30B	$29.59B - $30.80B	$22.79	$22.09 - $23.28	$7.20B	$7.06B	$5.10B	$5.19B	12 rev / 2 EPS
2030-12-31	$33.52B	$32.73B - $34.07B	$26.27	$25.46 - $26.83	$7.96B	$7.81B	$5.87B	$5.74B	6 rev / 5 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$6.19B	$6.13B - $6.22B	$4.26	$4.18 - $4.40	$1.47B	$1.44B	$949.5M	$1.06B	11 rev / 13 EPS
2026-09-30	$6.41B	$6.16B - $6.54B	$4.59	$4.39 - $4.72	$1.52B	$1.50B	$1.02B	$1.10B	11 rev / 13 EPS
2026-12-31	$5.82B	$5.69B - $5.89B	$3.43	$3.33 - $3.49	$1.38B	$1.36B	$765.6M	$995.7M	5 rev / 5 EPS
2027-03-31	$5.43B	$5.31B - $5.50B	$3.07	$2.98 - $3.12	$1.29B	$1.27B	$685.0M	$929.5M	5 rev / 5 EPS
2027-06-30	$6.74B	$6.59B - $6.83B	$4.86	$4.71 - $4.94	$1.60B	$1.57B	$1.08B	$1.15B	6 rev / 5 EPS
2027-09-30	$6.91B	$6.75B - $7.00B	$5.11	$4.96 - $5.20	$1.64B	$1.61B	$1.14B	$1.18B	9 rev / 5 EPS
2027-12-31	$6.21B	$6.07B - $6.29B	$3.88	$3.77 - $3.95	$1.47B	$1.45B	$866.5M	$1.06B	5 rev / 5 EPS
2028-03-31	$5.32B	$5.20B - $5.39B	$3.30	$3.20 - $3.36	$1.26B	$1.24B	$736.1M	$910.6M	4 rev / 6 EPS

Price target history

Window	Targets	Average target
Last month	1	$550.00
Last quarter	9	$543.89
Last year	25	$501.24
All time	59	$362.53

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor, Investing

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-14	JP Morgan	Maintain	Neutral	Neutral
2026-05-01	Keybanc	Maintain	Overweight	Overweight
2026-05-01	Citigroup	Maintain	Buy	Buy
2026-05-01	Evercore ISI Group	Maintain	Outperform	Outperform
2026-05-01	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-05-01	Barclays	Maintain	Overweight	Overweight
2026-04-21	Keybanc	Maintain	Overweight	Overweight
2026-01-30	JP Morgan	Maintain	Neutral	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	3	11	10	1	1
2026-05-01	3	10	11	1	1
2026-04-01	3	10	13	1	1
2026-03-01	2	9	13	1	1
2026-02-01	2	9	12	1	1
2026-01-01	2	9	14	1	0
2025-12-01	2	7	15	1	0
2025-11-01	2	6	16	1	0

FinancialsFY 2025

Financials

Revenue

$21.32B

Gross margin

36.2%

Operating income

$3.97B

Free cash flow

$2.81B

Cash + ST investments

$1.76B

Net debt

$2.85B

ROE

33.9%

ROIC

20.3%

EV / sales

4.2x

EV / EBITDA

21.6x

R&D / revenue

0.0%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$21.32B	$7.71B	36.2%	$0	$3.97B	$4.17B	$2.92B	$13.09
FY 2024	$19.84B	$7.08B	35.7%	$0	$3.50B	$3.86B	$2.57B	$11.44
FY 2023	$17.68B	$5.86B	33.1%	$0	$2.89B	$3.15B	$2.02B	$8.85
FY 2022	$15.99B	$4.96B	31.0%	$0	$2.42B	$2.72B	$1.76B	$7.55
FY 2021	$14.14B	$4.47B	31.6%	$0	$2.02B	$2.32B	$1.42B	$5.96
FY 2020	$12.45B	$3.80B	30.5%	$0	$1.53B	$1.83B	$854.9M	$3.56
FY 2019	$13.08B	$4.03B	30.8%	$174.2M	$1.67B	$1.93B	$1.41B	$5.84
FY 2018	$12.34B	$3.76B	30.5%	$166.7M	$1.51B	$2.24B	$1.34B	$5.53
FY 2017	$14.20B	$4.39B	30.9%	$210.8M	$1.67B	$1.98B	$1.30B	$5.22
FY 2016	$13.51B	$4.20B	31.1%	$207.9M	$1.60B	$2.31B	$1.48B	$5.70
FY 2015	$13.30B	$4.00B	30.1%	$205.9M	$1.46B	$1.83B	$664.6M	$2.54
FY 2014	$12.89B	$3.91B	30.3%	$212.3M	$1.40B	$1.76B	$931.7M	$3.54

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$3.19B	$383.0M	$2.81B
FY 2024	$3.15B	$370.6M	$2.77B
FY 2023	$2.39B	$300.7M	$2.09B
FY 2022	$1.50B	$291.8M	$1.21B
FY 2021	$1.59B	$223.0M	$1.37B
FY 2020	$1.44B	$146.2M	$1.29B
FY 2019	$1.92B	$254.1M	$1.67B
FY 2018	$1.41B	$365.6M	$1.04B
FY 2017	$1.52B	$221.3M	$1.30B
FY 2016	$1.52B	$182.7M	$1.32B
FY 2015	$888.4M	$249.6M	$601.5M
FY 2014	$973.2M	$233.5M	$739.7M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$1.76B	$3.24B	$2.10B	$2.25B	$21.42B	$4.62B	$2.85B	$12.82B	$8.60B
FY 2024	$1.59B	$3.09B	$1.97B	$2.02B	$20.15B	$5.38B	$3.79B	$12.66B	$7.46B
FY 2023	$1.10B	$3.42B	$2.15B	$2.29B	$19.39B	$4.78B	$3.68B	$12.37B	$7.00B
FY 2022	$1.22B	$2.78B	$1.99B	$1.54B	$18.08B	$4.84B	$3.62B	$11.98B	$6.11B
FY 2021	$2.16B	$2.43B	$1.53B	$1.40B	$18.06B	$4.84B	$2.68B	$11.79B	$6.27B
FY 2020	$3.29B	$2.20B	$1.19B	$1.35B	$18.16B	$5.27B	$1.98B	$11.73B	$6.43B
FY 2019	$1.30B	$2.18B	$1.71B	$1.81B	$20.49B	$5.57B	$4.27B	$13.18B	$7.31B
FY 2018	$903.4M	$2.68B	$1.68B	$1.73B	$17.91B	$4.09B	$3.19B	$10.85B	$7.06B
FY 2017	$1.55B	$2.48B	$1.56B	$1.55B	$18.17B	$4.06B	$2.51B	$10.97B	$7.21B
FY 2016	$1.71B	$2.22B	$1.39B	$1.51B	$17.40B	$4.07B	$2.36B	$10.68B	$6.72B
FY 2015	$736.8M	$2.15B	$1.41B	$1.58B	$16.74B	$4.24B	$3.50B	$10.86B	$5.88B
FY 2014	$1.71B	$2.12B	$1.36B	$1.48B	$17.30B	$4.22B	$2.52B	$11.25B	$6.05B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	36.2%	18.6%	13.7%	1.3x	0.9x	33.9%	20.3%	4.2x	21.6x	3.2%	0.0%	54d
FY 2024	35.7%	17.6%	12.9%	1.2x	0.9x	34.4%	19.2%	4.4x	22.5x	3.3%	0.0%	52d
FY 2023	33.1%	16.4%	11.4%	1.1x	0.8x	28.9%	16.5%	3.3x	18.8x	3.8%	0.0%	74d
FY 2022	31.0%	15.1%	11.0%	1.1x	0.8x	28.8%	14.9%	2.7x	15.7x	3.1%	0.0%	60d
FY 2021	31.6%	14.3%	10.1%	1.4x	1.0x	22.7%	12.1%	3.6x	22.0x	2.8%	0.0%	53d
FY 2020	30.5%	12.3%	6.9%	1.6x	1.3x	13.3%	8.1%	3.0x	20.1x	3.7%	0.0%	51d
FY 2019	30.8%	12.8%	10.8%	1.3x	0.9x	19.3%	8.5%	2.2x	15.1x	6.7%	1.3%	74d
FY 2018	30.5%	12.2%	10.8%	1.3x	0.9x	18.9%	8.8%	1.6x	9.1x	6.1%	1.4%	78d
FY 2017	30.9%	11.7%	9.2%	1.3x	0.9x	18.1%	10.9%	1.4x	10.0x	7.5%	1.5%	64d
FY 2016	31.1%	11.9%	10.9%	1.6x	1.2x	22.0%	9.5%	1.3x	7.5x	8.7%	1.5%	62d
FY 2015	30.1%	11.0%	5.0%	1.3x	0.9x	11.3%	6.1%	1.1x	8.0x	5.4%	1.5%	65d
FY 2014	30.3%	10.9%	7.2%	1.6x	1.2x	15.4%	7.5%	1.2x	8.8x	5.7%	1.6%	63d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+7.5%	+8.9%	0.0%	+13.4%	+13.7%	+14.4%	+1.3%	-3.3%	+10.9%	+6.7%	+6.3%	-14.3%
FY 2024	+12.2%	+20.9%	0.0%	+20.9%	+26.9%	+29.3%	+32.8%	-23.2%	+45.2%	-8.4%	+3.9%	+12.7%
FY 2023	+10.5%	+18.0%	0.0%	+19.6%	+15.2%	+17.2%	+72.3%	-3.1%	-10.3%	+7.9%	+7.2%	-1.2%
FY 2022	+13.1%	+11.1%	0.0%	+19.6%	+23.4%	+26.7%	-11.2%	-30.9%	-43.5%	+30.2%	+0.1%	-0.1%
FY 2021	+13.5%	+17.5%	0.0%	+32.0%	+66.5%	+67.4%	+5.9%	-52.5%	-34.4%	+28.7%	-0.5%	-8.2%
FY 2020	-4.8%	-5.6%	-100.0%	-8.2%	-39.4%	-39.0%	-22.6%	+42.5%	+152.4%	-30.5%	-11.4%	-5.4%
FY 2019	+5.9%	+7.1%	+4.5%	+10.4%	+5.5%	+5.6%	+59.8%	+30.5%	+44.3%	+2.1%	+14.4%	+36.2%
FY 2018	-13.1%	-14.2%	-20.9%	-9.2%	+2.7%	+5.9%	-20.0%	-65.2%	-41.7%	+7.9%	-1.4%	+0.7%
FY 2017	+5.1%	+4.4%	+1.4%	+3.9%	-11.8%	-8.4%	-1.2%	-21.1%	-9.6%	+12.2%	+4.5%	-0.2%
FY 2016	+1.6%	+5.0%	+1.0%	+10.0%	+122.1%	+124.4%	+119.0%	+26.8%	+132.7%	-1.8%	+3.9%	-4.0%
FY 2015	+3.2%	+2.3%	-3.0%	+3.8%	-28.7%	-28.2%	-18.7%	-6.9%	-56.8%	+3.8%	-3.2%	+0.3%
FY 2014	+4.4%	+7.7%	-2.7%	+27.1%	+50.6%	+61.6%	-20.3%	+3.6%	-12.0%	+16.5%	-2.0%	+20.0%

SegmentsFY 2025

Revenue Mix

Period	Total	Climate	Product	Service	Industrial
FY 2025	$21.32B	--	$13.98B	$7.34B	--
FY 2024	$19.84B	--	$13.31B	$6.52B	--
FY 2023	$17.68B	--	$11.98B	$5.70B	--
FY 2022	$15.99B	--	$10.93B	$5.06B	--
FY 2021	$14.14B	--	$9.50B	$4.64B	--
FY 2019	$16.60B	$13.08B	--	--	$3.52B
FY 2018	$15.67B	$12.34B	--	--	$3.32B
FY 2017	$14.20B	$11.17B	--	--	$3.03B
FY 2016	$13.51B	$10.54B	--	--	$2.96B
FY 2015	$13.30B	$10.22B	--	--	$3.08B
FY 2014	$12.89B	$9.88B	--	--	$3.01B
FY 2013	$12.35B	$9.41B	--	--	$2.94B

Period	Total	Americas	Non United States	EMEA	Asia Pacific
FY 2025	$21.32B	$17.17B	--	$2.80B	$1.35B
FY 2024	$19.84B	$15.90B	--	$2.56B	$1.38B
FY 2023	$17.68B	$13.83B	--	$2.40B	$1.44B
FY 2022	$15.99B	$12.64B	--	$2.03B	$1.32B
FY 2021	$14.14B	$10.96B	--	$1.94B	$1.23B
FY 2020	$12.45B	$9.69B	--	$1.65B	$1.12B
FY 2017	$14.20B	$9.22B	$4.98B	--	--
FY 2016	$13.51B	$8.72B	$4.79B	--	--
FY 2015	$13.30B	$8.29B	$5.01B	--	--
FY 2014	$12.89B	$7.69B	$5.20B	--	--
FY 2013	$7.30B	$7.30B	--	--	--

Transcripts

Events

Next earnings

2026-07-29EPS est $4.27

Recent filings

11-K2026-06-22
11-K2026-06-22
11-K2026-06-22

Latest news

Trane Technologies Earns Top 20 Ranking Among TIME's 2026 World's Most Sustainable Companies
Business Wire · 2026-06-24
Trane Technologies: Why I'm Buying The Premium
Seeking Alpha · 2026-06-20

Analyst expectations

Consensus target

$525.00

+9.2%

Target range

$450.00 - $585.00

Rating mix

Hold

26 ratings

Next FY revenue

$23.38B

2026-12-31

Next FY EPS

$14.91

$14.61 - $15.03

Rating consensus26 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$23.38B	$22.83B - $23.59B	$14.91	$14.61 - $15.03	$5.55B	$5.45B	$3.31B	$4.00B	17 rev / 14 EPS
2027-12-31	$25.33B	$24.38B - $25.70B	$17.02	$16.64 - $17.34	$6.02B	$5.91B	$3.75B	$4.34B	17 rev / 15 EPS
2028-12-31	$27.45B	$27.39B - $27.51B	$19.45	$18.49 - $20.44	$6.52B	$6.40B	$4.36B	$4.70B	13 rev / 7 EPS
2029-12-31	$30.30B	$29.59B - $30.80B	$22.79	$22.09 - $23.28	$7.20B	$7.06B	$5.10B	$5.19B	12 rev / 2 EPS
2030-12-31	$33.52B	$32.73B - $34.07B	$26.27	$25.46 - $26.83	$7.96B	$7.81B	$5.87B	$5.74B	6 rev / 5 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$6.19B	$6.13B - $6.22B	$4.26	$4.18 - $4.40	$1.47B	$1.44B	$949.5M	$1.06B	11 rev / 13 EPS
2026-09-30	$6.41B	$6.16B - $6.54B	$4.59	$4.39 - $4.72	$1.52B	$1.50B	$1.02B	$1.10B	11 rev / 13 EPS
2026-12-31	$5.82B	$5.69B - $5.89B	$3.43	$3.33 - $3.49	$1.38B	$1.36B	$765.6M	$995.7M	5 rev / 5 EPS
2027-03-31	$5.43B	$5.31B - $5.50B	$3.07	$2.98 - $3.12	$1.29B	$1.27B	$685.0M	$929.5M	5 rev / 5 EPS
2027-06-30	$6.74B	$6.59B - $6.83B	$4.86	$4.71 - $4.94	$1.60B	$1.57B	$1.08B	$1.15B	6 rev / 5 EPS
2027-09-30	$6.91B	$6.75B - $7.00B	$5.11	$4.96 - $5.20	$1.64B	$1.61B	$1.14B	$1.18B	9 rev / 5 EPS
2027-12-31	$6.21B	$6.07B - $6.29B	$3.88	$3.77 - $3.95	$1.47B	$1.45B	$866.5M	$1.06B	5 rev / 5 EPS
2028-03-31	$5.32B	$5.20B - $5.39B	$3.30	$3.20 - $3.36	$1.26B	$1.24B	$736.1M	$910.6M	4 rev / 6 EPS

Price target history

Window	Targets	Average target
Last month	1	$550.00
Last quarter	9	$543.89
Last year	25	$501.24
All time	59	$362.53

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor, Investing

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-14	JP Morgan	Maintain	Neutral	Neutral
2026-05-01	Keybanc	Maintain	Overweight	Overweight
2026-05-01	Citigroup	Maintain	Buy	Buy
2026-05-01	Evercore ISI Group	Maintain	Outperform	Outperform
2026-05-01	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-05-01	Barclays	Maintain	Overweight	Overweight
2026-04-21	Keybanc	Maintain	Overweight	Overweight
2026-01-30	JP Morgan	Maintain	Neutral	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	3	11	10	1	1
2026-05-01	3	10	11	1	1
2026-04-01	3	10	13	1	1
2026-03-01	2	9	13	1	1
2026-02-01	2	9	12	1	1
2026-01-01	2	9	14	1	0
2025-12-01	2	7	15	1	0
2025-11-01	2	6	16	1	0

Financials

Revenue

$21.32B

Gross margin

36.2%

Operating income

$3.97B

Free cash flow

$2.81B

Cash + ST investments

$1.76B

Net debt

$2.85B

ROE

33.9%

ROIC

20.3%

EV / sales

4.2x

EV / EBITDA

21.6x

R&D / revenue

0.0%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$21.32B	$7.71B	36.2%	$0	$3.97B	$4.17B	$2.92B	$13.09
FY 2024	$19.84B	$7.08B	35.7%	$0	$3.50B	$3.86B	$2.57B	$11.44
FY 2023	$17.68B	$5.86B	33.1%	$0	$2.89B	$3.15B	$2.02B	$8.85
FY 2022	$15.99B	$4.96B	31.0%	$0	$2.42B	$2.72B	$1.76B	$7.55
FY 2021	$14.14B	$4.47B	31.6%	$0	$2.02B	$2.32B	$1.42B	$5.96
FY 2020	$12.45B	$3.80B	30.5%	$0	$1.53B	$1.83B	$854.9M	$3.56
FY 2019	$13.08B	$4.03B	30.8%	$174.2M	$1.67B	$1.93B	$1.41B	$5.84
FY 2018	$12.34B	$3.76B	30.5%	$166.7M	$1.51B	$2.24B	$1.34B	$5.53
FY 2017	$14.20B	$4.39B	30.9%	$210.8M	$1.67B	$1.98B	$1.30B	$5.22
FY 2016	$13.51B	$4.20B	31.1%	$207.9M	$1.60B	$2.31B	$1.48B	$5.70
FY 2015	$13.30B	$4.00B	30.1%	$205.9M	$1.46B	$1.83B	$664.6M	$2.54
FY 2014	$12.89B	$3.91B	30.3%	$212.3M	$1.40B	$1.76B	$931.7M	$3.54

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$3.19B	$383.0M	$2.81B
FY 2024	$3.15B	$370.6M	$2.77B
FY 2023	$2.39B	$300.7M	$2.09B
FY 2022	$1.50B	$291.8M	$1.21B
FY 2021	$1.59B	$223.0M	$1.37B
FY 2020	$1.44B	$146.2M	$1.29B
FY 2019	$1.92B	$254.1M	$1.67B
FY 2018	$1.41B	$365.6M	$1.04B
FY 2017	$1.52B	$221.3M	$1.30B
FY 2016	$1.52B	$182.7M	$1.32B
FY 2015	$888.4M	$249.6M	$601.5M
FY 2014	$973.2M	$233.5M	$739.7M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$1.76B	$3.24B	$2.10B	$2.25B	$21.42B	$4.62B	$2.85B	$12.82B	$8.60B
FY 2024	$1.59B	$3.09B	$1.97B	$2.02B	$20.15B	$5.38B	$3.79B	$12.66B	$7.46B
FY 2023	$1.10B	$3.42B	$2.15B	$2.29B	$19.39B	$4.78B	$3.68B	$12.37B	$7.00B
FY 2022	$1.22B	$2.78B	$1.99B	$1.54B	$18.08B	$4.84B	$3.62B	$11.98B	$6.11B
FY 2021	$2.16B	$2.43B	$1.53B	$1.40B	$18.06B	$4.84B	$2.68B	$11.79B	$6.27B
FY 2020	$3.29B	$2.20B	$1.19B	$1.35B	$18.16B	$5.27B	$1.98B	$11.73B	$6.43B
FY 2019	$1.30B	$2.18B	$1.71B	$1.81B	$20.49B	$5.57B	$4.27B	$13.18B	$7.31B
FY 2018	$903.4M	$2.68B	$1.68B	$1.73B	$17.91B	$4.09B	$3.19B	$10.85B	$7.06B
FY 2017	$1.55B	$2.48B	$1.56B	$1.55B	$18.17B	$4.06B	$2.51B	$10.97B	$7.21B
FY 2016	$1.71B	$2.22B	$1.39B	$1.51B	$17.40B	$4.07B	$2.36B	$10.68B	$6.72B
FY 2015	$736.8M	$2.15B	$1.41B	$1.58B	$16.74B	$4.24B	$3.50B	$10.86B	$5.88B
FY 2014	$1.71B	$2.12B	$1.36B	$1.48B	$17.30B	$4.22B	$2.52B	$11.25B	$6.05B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	36.2%	18.6%	13.7%	1.3x	0.9x	33.9%	20.3%	4.2x	21.6x	3.2%	0.0%	54d
FY 2024	35.7%	17.6%	12.9%	1.2x	0.9x	34.4%	19.2%	4.4x	22.5x	3.3%	0.0%	52d
FY 2023	33.1%	16.4%	11.4%	1.1x	0.8x	28.9%	16.5%	3.3x	18.8x	3.8%	0.0%	74d
FY 2022	31.0%	15.1%	11.0%	1.1x	0.8x	28.8%	14.9%	2.7x	15.7x	3.1%	0.0%	60d
FY 2021	31.6%	14.3%	10.1%	1.4x	1.0x	22.7%	12.1%	3.6x	22.0x	2.8%	0.0%	53d
FY 2020	30.5%	12.3%	6.9%	1.6x	1.3x	13.3%	8.1%	3.0x	20.1x	3.7%	0.0%	51d
FY 2019	30.8%	12.8%	10.8%	1.3x	0.9x	19.3%	8.5%	2.2x	15.1x	6.7%	1.3%	74d
FY 2018	30.5%	12.2%	10.8%	1.3x	0.9x	18.9%	8.8%	1.6x	9.1x	6.1%	1.4%	78d
FY 2017	30.9%	11.7%	9.2%	1.3x	0.9x	18.1%	10.9%	1.4x	10.0x	7.5%	1.5%	64d
FY 2016	31.1%	11.9%	10.9%	1.6x	1.2x	22.0%	9.5%	1.3x	7.5x	8.7%	1.5%	62d
FY 2015	30.1%	11.0%	5.0%	1.3x	0.9x	11.3%	6.1%	1.1x	8.0x	5.4%	1.5%	65d
FY 2014	30.3%	10.9%	7.2%	1.6x	1.2x	15.4%	7.5%	1.2x	8.8x	5.7%	1.6%	63d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+7.5%	+8.9%	0.0%	+13.4%	+13.7%	+14.4%	+1.3%	-3.3%	+10.9%	+6.7%	+6.3%	-14.3%
FY 2024	+12.2%	+20.9%	0.0%	+20.9%	+26.9%	+29.3%	+32.8%	-23.2%	+45.2%	-8.4%	+3.9%	+12.7%
FY 2023	+10.5%	+18.0%	0.0%	+19.6%	+15.2%	+17.2%	+72.3%	-3.1%	-10.3%	+7.9%	+7.2%	-1.2%
FY 2022	+13.1%	+11.1%	0.0%	+19.6%	+23.4%	+26.7%	-11.2%	-30.9%	-43.5%	+30.2%	+0.1%	-0.1%
FY 2021	+13.5%	+17.5%	0.0%	+32.0%	+66.5%	+67.4%	+5.9%	-52.5%	-34.4%	+28.7%	-0.5%	-8.2%
FY 2020	-4.8%	-5.6%	-100.0%	-8.2%	-39.4%	-39.0%	-22.6%	+42.5%	+152.4%	-30.5%	-11.4%	-5.4%
FY 2019	+5.9%	+7.1%	+4.5%	+10.4%	+5.5%	+5.6%	+59.8%	+30.5%	+44.3%	+2.1%	+14.4%	+36.2%
FY 2018	-13.1%	-14.2%	-20.9%	-9.2%	+2.7%	+5.9%	-20.0%	-65.2%	-41.7%	+7.9%	-1.4%	+0.7%
FY 2017	+5.1%	+4.4%	+1.4%	+3.9%	-11.8%	-8.4%	-1.2%	-21.1%	-9.6%	+12.2%	+4.5%	-0.2%
FY 2016	+1.6%	+5.0%	+1.0%	+10.0%	+122.1%	+124.4%	+119.0%	+26.8%	+132.7%	-1.8%	+3.9%	-4.0%
FY 2015	+3.2%	+2.3%	-3.0%	+3.8%	-28.7%	-28.2%	-18.7%	-6.9%	-56.8%	+3.8%	-3.2%	+0.3%
FY 2014	+4.4%	+7.7%	-2.7%	+27.1%	+50.6%	+61.6%	-20.3%	+3.6%	-12.0%	+16.5%	-2.0%	+20.0%

Revenue Mix