Trane Technologies (TT)
Market Price (3/17/2026): $426.23 | Market Cap: $94.5 BilSector: Industrials | Industry: Building Products
Trane Technologies (TT)
Market Price (3/17/2026): $426.23Market Cap: $94.5 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 3.2 Bil, FCF LTM is 2.8 Bil | Key risksTT key risks include [1] a potential performance drag from its residential HVAC business due to its sensitivity to housing market conditions and [2] the significant investment and operational challenges posed by the mandatory transition to new A2L refrigerants. |
| Low stock price volatilityVol 12M is 29% | |
| Megatrend and thematic driversMegatrends include Electrification of Everything, Smart Buildings & Proptech, Sustainable Resource Management, Sustainable & Green Buildings, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 3.2 Bil, FCF LTM is 2.8 Bil |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Electrification of Everything, Smart Buildings & Proptech, Sustainable Resource Management, Sustainable & Green Buildings, Show more. |
| Key risksTT key risks include [1] a potential performance drag from its residential HVAC business due to its sensitivity to housing market conditions and [2] the significant investment and operational challenges posed by the mandatory transition to new A2L refrigerants. |
Qualitative Assessment
AI Analysis | Feedback
1. Trane Technologies reported strong fourth-quarter 2025 financial results and provided an optimistic outlook for 2026. The company announced adjusted earnings per share (EPS) of $2.86, surpassing analyst estimates of $2.82. Revenue reached $5.15 billion, exceeding the consensus of $5.09 billion. For full-year 2026, Trane Technologies projected adjusted EPS between $14.65 and $14.85, representing a 12% to 14% increase year-over-year, and anticipated reported revenue growth of 8.5% to 9.5%, with organic revenue growth of 6% to 7%.
2. The company achieved a record backlog of $7.8 billion by the end of 2025, driven by exceptional demand in its commercial HVAC business. This record backlog marked a 15% increase compared to year-end 2024. Fourth-quarter 2025 organic bookings surged by 22%, with Americas Commercial HVAC leading the way with over 35% growth and applied equipment bookings rising more than 120%. This robust demand, particularly from sectors such as data centers, provides strong visibility for future revenue despite some softness in residential and transport refrigeration markets.
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Stock Movement Drivers
Fundamental Drivers
The 0.5% change in TT stock from 11/30/2025 to 3/16/2026 was primarily driven by a 1.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 419.49 | 421.50 | 0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21,051 | 21,322 | 1.3% |
| Net Income Margin (%) | 13.9% | 13.7% | -1.7% |
| P/E Multiple | 31.9 | 32.0 | 0.6% |
| Shares Outstanding (Mil) | 223 | 222 | 0.4% |
| Cumulative Contribution | 0.5% |
Market Drivers
11/30/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TT | 0.5% | |
| Market (SPY) | -2.1% | 40.8% |
| Sector (XLI) | 8.0% | 60.8% |
Fundamental Drivers
The 2.1% change in TT stock from 8/31/2025 to 3/16/2026 was primarily driven by a 2.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 412.70 | 421.50 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,750 | 21,322 | 2.8% |
| Net Income Margin (%) | 13.8% | 13.7% | -0.5% |
| P/E Multiple | 32.3 | 32.0 | -0.7% |
| Shares Outstanding (Mil) | 223 | 222 | 0.6% |
| Cumulative Contribution | 2.1% |
Market Drivers
8/31/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TT | 2.1% | |
| Market (SPY) | 4.0% | 39.9% |
| Sector (XLI) | 9.7% | 63.2% |
Fundamental Drivers
The 20.6% change in TT stock from 2/28/2025 to 3/16/2026 was primarily driven by a 7.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 349.50 | 421.50 | 20.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,838 | 21,322 | 7.5% |
| Net Income Margin (%) | 12.9% | 13.7% | 5.7% |
| P/E Multiple | 30.6 | 32.0 | 4.6% |
| Shares Outstanding (Mil) | 225 | 222 | 1.4% |
| Cumulative Contribution | 20.6% |
Market Drivers
2/28/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TT | 20.6% | |
| Market (SPY) | 13.6% | 59.0% |
| Sector (XLI) | 23.1% | 69.9% |
Fundamental Drivers
The 136.6% change in TT stock from 2/28/2023 to 3/16/2026 was primarily driven by a 37.2% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 178.12 | 421.50 | 136.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,992 | 21,322 | 33.3% |
| Net Income Margin (%) | 11.0% | 13.7% | 24.6% |
| P/E Multiple | 23.3 | 32.0 | 37.2% |
| Shares Outstanding (Mil) | 230 | 222 | 3.8% |
| Cumulative Contribution | 136.6% |
Market Drivers
2/28/2023 to 3/16/2026| Return | Correlation | |
|---|---|---|
| TT | 136.6% | |
| Market (SPY) | 75.1% | 56.0% |
| Sector (XLI) | 71.6% | 64.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TT Return | 41% | -15% | 47% | 53% | 6% | 9% | 212% |
| Peers Return | 40% | -17% | 44% | 35% | -7% | 5% | 120% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 77% |
Monthly Win Rates [3] | |||||||
| TT Win Rate | 67% | 33% | 67% | 83% | 50% | 67% | |
| Peers Win Rate | 78% | 38% | 55% | 65% | 47% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| TT Max Drawdown | -4% | -40% | -2% | -3% | -14% | -3% | |
| Peers Max Drawdown | -6% | -39% | -7% | -6% | -25% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JCI, CARR, IR, LII, AAON. See TT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/16/2026 (YTD)
How Low Can It Go
| Event | TT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.4% | -25.4% |
| % Gain to Breakeven | 70.8% | 34.1% |
| Time to Breakeven | 416 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.5% | -33.9% |
| % Gain to Breakeven | 65.3% | 51.3% |
| Time to Breakeven | 140 days | 148 days |
| 2018 Correction | ||
| % Loss | -18.3% | -19.8% |
| % Gain to Breakeven | 22.4% | 24.7% |
| Time to Breakeven | 60 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.9% | -56.8% |
| % Gain to Breakeven | 372.9% | 131.3% |
| Time to Breakeven | 1,475 days | 1,480 days |
Compare to JCI, CARR, IR, LII, AAON
In The Past
Trane Technologies's stock fell -41.4% during the 2022 Inflation Shock from a high on 8/3/2021. A -41.4% loss requires a 70.8% gain to breakeven.
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About Trane Technologies (TT)
AI Analysis | Feedback
1. The **Carrier Global** of HVAC, with an equally strong business in transport refrigeration for trucks, trains, and containers.
2. A specialized **Johnson Controls** or **Honeywell** that provides complete heating, cooling, and refrigeration solutions for buildings and mobile transport.
AI Analysis | Feedback
- HVAC Systems: Designs and manufactures a comprehensive range of heating, ventilation, and air conditioning solutions for various applications.
- Transport Refrigeration Systems: Provides refrigeration units for trucks, trailers, containers, rail, and other transport vehicles.
- Building Controls & Components: Offers thermostats, controls, indoor air quality products, and building management systems.
- Energy & Facility Management Services: Provides consulting and management services to optimize energy consumption and facility operations.
- Installation & Performance Contracting: Offers installation services and performance-based contracts for HVAC and refrigeration system implementation.
- Repair & Maintenance Services: Delivers comprehensive repair, maintenance, and aftermarket support for its products.
- Equipment Rental Services: Provides temporary heating, cooling, and transport refrigeration equipment for rent.
AI Analysis | Feedback
Trane Technologies (symbol: TT) primarily sells its products and services to other companies and organizations, rather than directly to individual consumers. The company's extensive and diverse customer base encompasses a wide range of industries and business types globally. Due to the fragmented nature of these markets and the breadth of its offerings, Trane Technologies does not typically disclose specific major customer companies. Instead, it serves broad categories of businesses and institutions, which include:
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Commercial and Institutional Entities: This category includes owners, developers, and operators of various types of facilities such as office buildings, retail centers, healthcare facilities (hospitals, clinics), educational institutions (schools, universities), data centers, hotels, and government buildings. These customers procure Trane's advanced HVAC systems, building management and control solutions, and energy services for climate control, indoor air quality, and operational efficiency.
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Transportation and Logistics Companies: Businesses involved in the global cold chain industry are significant customers for Trane Technologies' Thermo King brand. This includes major trucking fleets, railway operators, shipping lines, and companies managing refrigerated container networks. They utilize Trane's transport refrigeration systems for the safe and efficient delivery of perishable goods.
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Industrial and Manufacturing Companies: Enterprises requiring specialized climate control, process cooling, and large-scale refrigeration solutions for their production facilities, warehouses, and industrial operations. These customers purchase specialized chillers, industrial HVAC systems, and other related equipment to maintain precise environmental conditions critical for their processes.
AI Analysis | Feedback
nullAI Analysis | Feedback
Dave Regnery, Chair and Chief Executive Officer
Dave Regnery was appointed CEO of Trane Technologies in July 2021 and named chair of the company's board of directors in January 2022. He has spent his entire career with Trane Technologies, joining in 1985 in the financial leadership development program. Prior to becoming CEO, he served as president and chief operating officer, overseeing the company's regional reporting segments, business portfolio, and critical operations such as supply chain, engineering, and information technology. Regnery has led the majority of the company's global businesses, including Commercial HVAC and Transport Refrigeration. He is also a director at L3Harris Technologies.
Chris Kuehn, Executive Vice President and Chief Financial Officer
Chris Kuehn is the Executive Vice President and Chief Financial Officer of Trane Technologies, responsible for all finance functions, including investor relations, financial planning and analysis, treasury, and risk management. He was appointed CFO in conjunction with the company's 2019 RMT transaction. Kuehn joined Ingersoll Rand (now Trane Technologies) in 2015. His previous roles include vice president, corporate controller, and chief accounting officer at Whirlpool Corporation, and chief financial officer for the HVAC segment at SPX Corporation. He is a Certified Public Accountant (CPA) and holds a B.S. in accounting from SUNY Geneseo and an MBA from the University of Rochester.
Donald Simmons, Group President, Americas
Donald Simmons serves as the Group President for the Americas region at Trane Technologies.
Mairéad Magner, Senior Vice President and Chief Human Resources Officer
Mairéad Magner is the Senior Vice President and Chief Human Resources Officer for Trane Technologies.
Mauro J. Atalla, Senior Vice President and Chief Technology and Sustainability Officer
Mauro J. Atalla holds the position of Senior Vice President and Chief Technology and Sustainability Officer at Trane Technologies.
AI Analysis | Feedback
Key Risks to Trane Technologies (TT)
- Sensitivity to Economic Cycles and Construction Activity: Trane Technologies' revenue and profitability are significantly influenced by global and regional economic conditions, particularly trends in commercial and residential construction, infrastructure spending, and industrial investment. A downturn in these sectors or a broader economic recession could lead to reduced demand for its heating, ventilation, air conditioning (HVAC), and transport refrigeration solutions, impacting sales and financial performance.
- Regulatory Changes and Environmental Mandates: The HVAC and transport refrigeration industries are subject to evolving environmental regulations, especially concerning refrigerant use (e.g., phase-downs of high global warming potential refrigerants like HFCs) and energy efficiency standards. Failure to adapt to these changes, increased compliance costs, or an inability to develop and market compliant, competitive products could pose a significant risk to the business.
- Supply Chain Disruptions and Volatility in Raw Material Costs: As a global manufacturer, Trane Technologies relies on a complex supply chain for components and raw materials. Disruptions due to geopolitical events, natural disasters, trade policy changes, or significant fluctuations in the cost of essential raw materials (such as metals, plastics, and electronic components) could impact production schedules, increase manufacturing costs, and negatively affect profit margins.
AI Analysis | Feedback
The emergence of fully integrated, proprietary electric refrigeration systems from electric vehicle (EV) manufacturers.
As electric heavy-duty trucks and vans become more prevalent, vehicle original equipment manufacturers (OEMs), including new EV startups and established automotive players, are increasingly designing and offering integrated, factory-fitted electric refrigeration units optimized for their specific vehicle platforms. These proprietary systems could offer superior efficiency, seamless vehicle integration, and simplified maintenance by being part of the core vehicle warranty and service ecosystem. This trend could significantly reduce the demand for standalone or aftermarket transport refrigeration units currently supplied by Trane Technologies' Thermo King brand, particularly for new electric fleets seeking single-source solutions.
AI Analysis | Feedback
Trane Technologies operates in several significant addressable markets:
- Heating, Ventilation, and Air Conditioning (HVAC) Systems:
- The global HVAC system market size was estimated at approximately USD 258.96 billion in 2025. It is projected to reach USD 445.73 billion by 2033. Other estimates place the global HVAC market at USD 328.6 billion in 2025, growing to USD 577.5 billion by 2035.
- In the U.S., the HVAC systems market size was estimated at USD 31.71 billion in 2025. This market is projected to reach USD 54.02 billion by 2033. The U.S. HVAC systems market was valued at USD 29.95 billion in 2024, with projections to reach USD 59.27 billion by 2034.
- The U.S. HVAC services market was valued at USD 17.93 billion in 2025 and is estimated to grow to USD 25.35 billion by 2031.
- Transport Refrigeration:
- The global refrigerated transport market size is predicted to reach USD 138.1 billion in 2025 and is expected to grow to USD 228.4 billion by 2032. Another report indicates the global refrigerated transport market was estimated at USD 123.59 billion in 2023 and is projected to reach USD 216.07 billion by 2030.
- The global Transportation Refrigeration Unit (TRU) market, a component of refrigerated transport, was valued at approximately USD 13.1 billion in 2024.
- The United States refrigerated transport market size reached USD 5.07 billion in 2025 and is expected to reach USD 6.93 billion by 2034.
- Building Management Systems (BMS):
- The global building management system market size was valued at USD 23.19 billion in 2025. It is projected to grow to USD 84.77 billion by 2034. Other sources estimate the global market at USD 20.25 billion in 2024, reaching USD 82.01 billion by 2034.
- The U.S. building management system market size reached USD 5.58 billion in 2024 and is expected to reach USD 20.41 billion by 2032.
AI Analysis | Feedback
Trane Technologies (TT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Strong Demand in Commercial HVAC, particularly from Data Centers: The company is experiencing significant momentum in its Commercial HVAC segment, especially in the Americas, with strong bookings and a rapidly expanding pipeline. Applied solutions, which include complex cooling systems crucial for data centers, saw orders more than double in recent quarters, reflecting robust demand from this sector.
- Conversion of Record Backlog: Trane Technologies concluded 2025 with a record enterprise backlog of $7.8 billion, representing a 15% increase from year-end 2024. This substantial backlog, particularly in Americas Commercial HVAC, provides strong revenue visibility and is anticipated to underpin double-digit revenue growth as projects convert to sales.
- Growth in Services Business: The global services segment, which accounts for approximately one-third of the company's enterprise revenue, is a consistent growth engine. It has demonstrated a low-teens compound annual growth rate since 2020, benefiting from higher attachment rates, particularly in complex applications such as data centers.
- Focus on Decarbonization, Electrification, and Sustainable Solutions: Trane Technologies is strategically aligned with global megatrends such as decarbonization and electrification. This focus drives demand for its high-efficiency commercial products and sustainable climate solutions, which are integrated into its business strategy and innovation efforts.
- Strategic Mergers & Acquisitions and Continuous Innovation: The company is actively pursuing strategic acquisitions, such as Stellar Energy and LiquidStack, to enhance its offerings in modular data center cooling solutions. Additionally, Trane Technologies maintains a consistent, high level of investment in new product development and innovation, including smart building applications and AI tools, ensuring a pipeline of advanced solutions.
AI Analysis | Feedback
Share Repurchases
- Trane Technologies executed significant share repurchases, with annual buybacks totaling $669.3 million in 2023, $1.281 billion in 2024, and $1.481 billion in 2025.
- In December 2024, the company authorized a new share repurchase program of up to $5 billion, which will commence upon the completion of the existing $3 billion program.
- As of October 31, 2024, approximately $1.5 billion remained under the previously authorized $3 billion share repurchase program.
Outbound Investments
- Trane Technologies completed the acquisition of LiquidStack, a provider of data center liquid cooling technology, in March 2026, building upon a minority investment made in 2023.
- The company acquired Stellar Energy Americas, Inc., a leading provider of turnkey data center cooling solutions, in February 2026.
- Over the last five years, Trane Technologies has completed 10 acquisitions, including Farrar Scientific for $250 million in October 2021, AL-KO in November 2022, and BrainBox AI in January 2025 to enhance AI and digital building management capabilities.
Capital Expenditures
- Capital expenditures amounted to $223 million in 2021, $292 million in 2022, $301 million in 2023, $371 million in 2024, and $383 million in 2025.
- Projected capital expenditures are $419 million for 2026, $454 million for 2027, and $486 million for 2028.
- The primary focus of capital expenditures involves high levels of business reinvestment in digital, automation, and innovation.
Latest Trefis Analyses
Trade Ideas
Select ideas related to TT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 106.98 |
| Mkt Cap | 39.9 |
| Rev LTM | 14,486 |
| Op Inc LTM | 1,708 |
| FCF LTM | 1,259 |
| FCF 3Y Avg | 1,345 |
| CFO LTM | 1,526 |
| CFO 3Y Avg | 1,635 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 8.7% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Mgn LTM | 15.9% |
| Op Mgn 3Y Avg | 16.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 13.1% |
| CFO/Rev 3Y Avg | 12.3% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 10.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 39.9 |
| P/S | 3.8 |
| P/EBIT | 25.8 |
| P/E | 31.8 |
| P/CFO | 26.8 |
| Total Yield | 4.4% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.8% |
| 3M Rtn | 6.4% |
| 6M Rtn | 1.5% |
| 12M Rtn | 1.1% |
| 3Y Rtn | 81.3% |
| 1M Excs Rtn | -10.5% |
| 3M Excs Rtn | 4.9% |
| 6M Excs Rtn | 0.8% |
| 12M Excs Rtn | -16.6% |
| 3Y Excs Rtn | -0.4% |
Comparison Analyses
Price Behavior
| Market Price | $421.50 | |
| Market Cap ($ Bil) | 93.5 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -10.6% | |
| 50 Days | 200 Days | |
| DMA Price | $424.79 | $420.55 |
| DMA Trend | up | up |
| Distance from DMA | -0.8% | 0.2% |
| 3M | 1YR | |
| Volatility | 30.0% | 29.1% |
| Downside Capture | 31.91 | 99.51 |
| Upside Capture | 76.24 | 101.65 |
| Correlation (SPY) | 40.4% | 58.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 0.69 | 0.92 | 0.81 | 0.88 | 0.98 |
| Up Beta | 1.80 | 1.48 | 1.52 | 1.09 | 0.87 | 0.95 |
| Down Beta | 3.42 | 1.58 | 1.80 | 1.07 | 0.78 | 0.82 |
| Up Capture | 117% | 74% | 63% | 69% | 111% | 156% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 24 | 35 | 67 | 132 | 417 |
| Down Capture | -135% | -74% | 6% | 56% | 94% | 101% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 17 | 26 | 57 | 119 | 333 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TT | |
|---|---|---|---|---|
| TT | 25.6% | 29.1% | 0.78 | - |
| Sector ETF (XLI) | 30.4% | 19.2% | 1.26 | 69.5% |
| Equity (SPY) | 22.5% | 18.9% | 0.94 | 58.0% |
| Gold (GLD) | 68.7% | 26.2% | 1.98 | 9.7% |
| Commodities (DBC) | 19.7% | 17.3% | 0.91 | 15.6% |
| Real Estate (VNQ) | 9.3% | 16.2% | 0.37 | 45.0% |
| Bitcoin (BTCUSD) | -9.2% | 44.2% | -0.09 | 23.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TT | |
|---|---|---|---|---|
| TT | 22.9% | 26.8% | 0.77 | - |
| Sector ETF (XLI) | 13.7% | 17.2% | 0.63 | 70.1% |
| Equity (SPY) | 13.1% | 17.0% | 0.60 | 62.8% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 7.3% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 7.0% |
| Real Estate (VNQ) | 4.9% | 18.8% | 0.16 | 49.9% |
| Bitcoin (BTCUSD) | 6.1% | 56.7% | 0.33 | 18.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TT | |
|---|---|---|---|---|
| TT | 27.2% | 27.1% | 0.92 | - |
| Sector ETF (XLI) | 13.9% | 19.8% | 0.62 | 73.8% |
| Equity (SPY) | 14.7% | 17.9% | 0.70 | 66.1% |
| Gold (GLD) | 14.4% | 15.6% | 0.76 | 3.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 18.4% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 53.6% |
| Bitcoin (BTCUSD) | 67.9% | 66.8% | 1.07 | 12.9% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/29/2026 | 8.1% | 11.9% | 17.3% |
| 10/30/2025 | 4.4% | 2.0% | -3.8% |
| 7/30/2025 | -8.4% | -9.0% | -9.9% |
| 4/30/2025 | 8.5% | 15.1% | 22.3% |
| 1/30/2025 | 0.6% | -1.7% | -2.8% |
| 10/30/2024 | -3.9% | -0.1% | 6.5% |
| 7/31/2024 | 1.7% | -1.8% | 7.1% |
| 4/30/2024 | 5.5% | 8.3% | 7.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 18 | 15 | 18 |
| # Negative | 6 | 9 | 6 |
| Median Positive | 3.6% | 6.4% | 9.7% |
| Median Negative | -3.7% | -4.9% | -7.1% |
| Max Positive | 12.2% | 15.4% | 22.3% |
| Max Negative | -8.4% | -9.0% | -11.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/05/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Elwell, Elizabeth A | VP & Chief Accounting Officer | Direct | Sell | 10312025 | 440.00 | 600 | 264,000 | 3,145,120 | Form |
| 2 | Elwell, Elizabeth A | VP & Chief Accounting Officer | Direct | Sell | 10022025 | 425.00 | 401 | 170,425 | 3,037,900 | Form |
| 3 | Regnery, David S | Chair and CEO | Direct | Sell | 9032025 | 410.00 | 22,497 | 9,223,770 | 50,722,306 | Form |
| 4 | Simmons, Donald E | Group President, Americas | Direct | Sell | 5052025 | 400.00 | 8,435 | 3,374,000 | 1,437,200 | Form |
| 5 | Simmons, Donald E | Group President, Americas | Direct | Sell | 5012025 | 380.00 | 3,571 | 1,356,980 | 1,365,340 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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