Trane Technologies plc R&D Expense 2008-2025 | TT
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is Trane Technologies plc's current r&d expense?
Trane Technologies plc (TT) annual r&d expense for 2025 was $347.6M, a 12.27% increase from 2024.
What was Trane Technologies plc's r&d expense in 2024?
Trane Technologies plc annual r&d expense for 2024 was $309.6M, a 22.71% increase from 2023.
What was Trane Technologies plc's r&d expense in 2023?
Trane Technologies plc annual r&d expense for 2023 was $252.3M, a 19.46% increase from 2022.
What is Trane Technologies plc's 5-year r&d expense CAGR?
Trane Technologies plc r&d expense grew at a compound annual growth rate (CAGR) of 16.07% from FY2020 to FY2025, going from $165.0M to $347.6M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+16.1%
FY2020
$165.0M
→
FY2025
$347.6M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $347.6M | +12.3% | 10-K |
| FY2024 | $309.6M | +22.7% | 10-K |
| FY2023 | $252.3M | +19.5% | 10-K |
| FY2022 | $211.2M | +9.1% | 10-K |
| FY2021 | $193.5M | +17.3% | 10-K |
| FY2020 | $165.0M | -5.3% | 10-K |
| FY2019 | $174.2M | +4.5% | 10-K |
| FY2018 | $166.7M | -20.9% | 10-K |
| FY2017 | $210.8M | +1.4% | 10-K |
| FY2016 | $207.9M | +1.0% | 10-K |
| FY2015 | $205.9M | -3.0% | 10-K |
| FY2014 | $212.3M | -2.7% | 10-K |
| FY2013 | $218.2M | -7.3% | 10-K |
| FY2012 | $235.4M | +7.8% | 10-K |
| FY2011 | $218.4M | -10.5% | 10-K |
| FY2010 | $244.0M | -4.3% | 10-K |
| FY2009 | $255.0M | +26.8% | 10-K |
| FY2008 | $201.1M | - | 10-K |
Company: Trane Technologies plcTicker: TTSector: OtherIndustry: Auto Controls For Regulating Residential & Comml EnvironmentsView company profile →