TT
Trane Technologies plc
TT has lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over TT overall, supported by stronger valuation and stronger fundamentals.
TT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TT's revenue, profitability, cash flow and balance sheet are all currently healthy.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
TT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $341 | -20% |
| Forward | 25x | $424 | — |
| Current | 30x | $424 | — |
| Fair | 32x | $448 | +5.6% |
| Expensive | 37x | $520 | +23% |
Historical ranges are pointers, not guarantees.
TT's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over TT in the historical PE scenario, which offers more potential upside but is not a forecast.
TT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TT, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
TT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $17.18 | +21% |
| Q3 2026 | $14.16 | +9% |
| Q2 2026 | $13.20 | +4.8% |
| Q1 2026 | $12.93 | +7.7% |
| Q4 2025 | $12.98 | +15% |
| Q3 2025 | $12.99 | +21% |
| Q2 2025 | $12.60 | +25% |
| Q1 2025 | $12.01 | +29% |
| Q4 2024 | $11.24 | +28% |
TT's earnings per share have climbed steadily: $14.16 over the past year, up 9% from the year before, and higher year over year for 22 quarters in a row.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over TT on earnings, with stronger typical year-over-year growth.
TT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +18% |
| Q2 2026 | $6.4B | +11% |
| Q1 2026 | $5B | +6% |
| Q4 2025 | $5.1B | +5.5% |
| Q3 2025 | $5.7B | +5.5% |
| Q2 2025 | $5.7B | +8.3% |
| Q1 2025 | $4.7B | +11% |
| Q4 2024 | $4.9B | +10% |
TT's revenue has grown year over year for 23 quarters in a row: $6.8B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -0.4 points |
| Q2 2026 | 19% | -1 points |
| Q1 2026 | 16% | -1.8 points |
| Q4 2025 | 16% | -0.7 points |
| Q3 2025 | 20% | +1.5 points |
| Q2 2025 | 20% | +0.8 points |
| Q1 2025 | 17% | +2.4 points |
| Q4 2024 | 17% | +1 points |
TT's operating margin was 20% last quarter, about level with the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over TT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over TT on profitability, with a higher operating margin.
TT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +29% |
| Q2 2026 | $1B | +68% |
| Q1 2026 | $546.5M | +148% |
| Q4 2025 | $1.1B | +36% |
| Q3 2025 | $935.6M | -23% |
| Q2 2025 | $602.2M | -3.3% |
| Q1 2025 | $220.6M | +35% |
| Q4 2024 | $774.3M | -9% |
TT generated $3.8B in free cash flow over the past year, up 51% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over TT on cash flow, with more consistent year-over-year improvement.
TT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -1.1M shares |
| 1 year | -1.3% | -3M shares |
| 3 years | -4% | -9.2M shares |
| 5 years | -8.4% | -20.3M shares |
| Available history | -9.4% | -23M shares |
TT has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $582.1M |
| Q2 2026 | $469.1M |
| Q1 2026 | $287.3M |
| Q4 2025 | $231.3M |
| Q3 2025 | $370.4M |
| Q2 2025 | $402.1M |
| Q1 2025 | $477.5M |
| Q4 2024 | $354.7M |
TT spent $1.6B buying back its own shares over the past year, down 2.2% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
TT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 0.7x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q4 2023 | 1.1x | Healthy |
| Q4 2022 | 1.3x | Healthy |
| Q4 2021 | 1.2x | Healthy |
| Q3 2021 | 0.9x | Very low |
| Q2 2021 | 0.9x | Very low |
| Q1 2021 | 1.1x | Healthy |
TT's net debt is less than a year of its operating earnings (EBITDA), down from 1.2 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
TT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.7 | Neutral |
| Stochastic | 14.4 | Oversold |
TT's weekly RSI is 44 (neutral) and its Stochastic is 14 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
TT PE vs Industrials Sector
| Metric | TT | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 24x | 25% above |
| PE % | 42 | 58 | 16 pts below |
TT has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
TT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $441.9 | 4% below |
| 20 week MA | $454.2 | 6.6% below |
| 50 week MA | $444.1 | 4.5% below |
| 100 week MA | $421.8 | 0.5% above |
| 200 week MA | $343.1 | 24% above |
TT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 24% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
TT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $104.2 | $143.7 | +38% |
| 2021 | $143.7 | $197.3 | +37% |
| 2022 | $197.3 | $170.0 | -14% |
| 2023 | $170.0 | $243.9 | +44% |
| 2024 | $243.9 | $373.5 | +53% |
| 2025 | $373.5 | $392.6 | +5.1% |
| 2026 YTD | $392.6 | $424.1 | +8% |
TT has finished higher in five of the last six years. It's up 8% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over TT on returns for 2026, with the stronger performance.