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Side-by-side financial comparison of PBF Energy Inc. (PBF) and Trane Technologies (TT). Click either name above to swap in a different company.

PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $5.1B, roughly 1.4× Trane Technologies). Trane Technologies runs the higher net margin — 11.5% vs 1.1%, a 10.4% gap on every dollar of revenue. On growth, Trane Technologies posted the faster year-over-year revenue change (5.5% vs -2.9%). Over the past eight quarters, Trane Technologies's revenue compounded faster (10.5% CAGR vs -9.1%).

PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...

Trane Technologies plc is an Irish domiciled company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.

PBF vs TT — Head-to-Head

Bigger by revenue
PBF
PBF
1.4× larger
PBF
$7.1B
$5.1B
TT
Growing faster (revenue YoY)
TT
TT
+8.4% gap
TT
5.5%
-2.9%
PBF
Higher net margin
TT
TT
10.4% more per $
TT
11.5%
1.1%
PBF
Faster 2-yr revenue CAGR
TT
TT
Annualised
TT
10.5%
-9.1%
PBF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBF
PBF
TT
TT
Revenue
$7.1B
$5.1B
Net Profit
$78.4M
$591.3M
Gross Margin
-1.8%
Operating Margin
1.8%
15.9%
Net Margin
1.1%
11.5%
Revenue YoY
-2.9%
5.5%
Net Profit YoY
127.1%
-2.2%
EPS (diluted)
$0.74
$2.64

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PBF
PBF
TT
TT
Q4 25
$7.1B
$5.1B
Q3 25
$7.7B
$5.7B
Q2 25
$7.5B
$5.7B
Q1 25
$7.1B
$4.7B
Q4 24
$7.4B
$4.9B
Q3 24
$8.4B
$5.4B
Q2 24
$8.7B
$5.3B
Q1 24
$8.6B
$4.2B
Net Profit
PBF
PBF
TT
TT
Q4 25
$78.4M
$591.3M
Q3 25
$170.1M
$847.6M
Q2 25
$-5.2M
$874.8M
Q1 25
$-401.8M
$604.9M
Q4 24
$-289.3M
$604.3M
Q3 24
$-285.9M
$772.0M
Q2 24
$-65.2M
$755.3M
Q1 24
$106.6M
$436.3M
Gross Margin
PBF
PBF
TT
TT
Q4 25
-1.8%
Q3 25
0.5%
36.9%
Q2 25
-0.8%
37.6%
Q1 25
-5.9%
35.8%
Q4 24
-4.2%
Q3 24
-3.4%
36.3%
Q2 24
0.1%
36.5%
Q1 24
2.5%
34.6%
Operating Margin
PBF
PBF
TT
TT
Q4 25
1.8%
15.9%
Q3 25
3.7%
20.3%
Q2 25
0.6%
20.3%
Q1 25
-7.2%
17.5%
Q4 24
-5.2%
16.6%
Q3 24
-4.6%
18.8%
Q2 24
-0.9%
19.5%
Q1 24
1.7%
15.0%
Net Margin
PBF
PBF
TT
TT
Q4 25
1.1%
11.5%
Q3 25
2.2%
14.8%
Q2 25
-0.1%
15.2%
Q1 25
-5.7%
12.9%
Q4 24
-3.9%
12.4%
Q3 24
-3.4%
14.2%
Q2 24
-0.7%
14.2%
Q1 24
1.2%
10.3%
EPS (diluted)
PBF
PBF
TT
TT
Q4 25
$0.74
$2.64
Q3 25
$1.45
$3.78
Q2 25
$-0.05
$3.89
Q1 25
$-3.53
$2.67
Q4 24
$-2.41
$2.65
Q3 24
$-2.49
$3.39
Q2 24
$-0.56
$3.30
Q1 24
$0.86
$1.90

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PBF
PBF
TT
TT
Cash + ST InvestmentsLiquidity on hand
$527.9M
$1.8B
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$5.3B
$8.6B
Total Assets
$13.0B
$21.4B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBF
PBF
TT
TT
Q4 25
$527.9M
$1.8B
Q3 25
$482.0M
Q2 25
$590.7M
Q1 25
$468.6M
Q4 24
$536.1M
$1.6B
Q3 24
$976.7M
Q2 24
$1.4B
Q1 24
$1.4B
Total Debt
PBF
PBF
TT
TT
Q4 25
$4.6B
Q3 25
Q2 25
Q1 25
Q4 24
$4.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PBF
PBF
TT
TT
Q4 25
$5.3B
$8.6B
Q3 25
$5.2B
$8.3B
Q2 25
$5.1B
$7.8B
Q1 25
$5.1B
$7.5B
Q4 24
$5.5B
$7.5B
Q3 24
$5.9B
$7.6B
Q2 24
$6.3B
$6.9B
Q1 24
$6.5B
$6.9B
Total Assets
PBF
PBF
TT
TT
Q4 25
$13.0B
$21.4B
Q3 25
$13.0B
$21.4B
Q2 25
$13.0B
$21.0B
Q1 25
$13.0B
$20.1B
Q4 24
$12.7B
$20.1B
Q3 24
$13.1B
$20.9B
Q2 24
$14.1B
$20.2B
Q1 24
$13.8B
$19.3B
Debt / Equity
PBF
PBF
TT
TT
Q4 25
0.54×
Q3 25
Q2 25
Q1 25
Q4 24
0.64×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PBF
PBF
TT
TT
Operating Cash FlowLast quarter
$366.6M
$1.2B
Free Cash FlowOCF − Capex
$77.0M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
4.68×
1.96×
TTM Free Cash FlowTrailing 4 quarters
$-783.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBF
PBF
TT
TT
Q4 25
$366.6M
$1.2B
Q3 25
$25.7M
$1.0B
Q2 25
$191.1M
$692.1M
Q1 25
$-661.4M
$339.5M
Q4 24
$-329.7M
$899.9M
Q3 24
$-68.0M
$1.3B
Q2 24
$425.3M
$695.9M
Q1 24
$15.8M
$247.2M
Free Cash Flow
PBF
PBF
TT
TT
Q4 25
$77.0M
Q3 25
$-122.8M
$935.6M
Q2 25
$35.0M
$602.2M
Q1 25
$-772.4M
$220.6M
Q4 24
$-425.7M
$774.3M
Q3 24
$-169.8M
$1.2B
Q2 24
$371.8M
$623.0M
Q1 24
$-123.8M
$163.4M
FCF Margin
PBF
PBF
TT
TT
Q4 25
1.1%
Q3 25
-1.6%
16.3%
Q2 25
0.5%
10.5%
Q1 25
-10.9%
4.7%
Q4 24
-5.8%
15.9%
Q3 24
-2.0%
22.3%
Q2 24
4.3%
11.7%
Q1 24
-1.4%
3.9%
Capex Intensity
PBF
PBF
TT
TT
Q4 25
4.1%
Q3 25
1.9%
1.2%
Q2 25
2.1%
1.6%
Q1 25
1.6%
2.5%
Q4 24
1.3%
2.6%
Q3 24
1.2%
1.6%
Q2 24
0.6%
1.4%
Q1 24
1.6%
2.0%
Cash Conversion
PBF
PBF
TT
TT
Q4 25
4.68×
1.96×
Q3 25
0.15×
1.18×
Q2 25
0.79×
Q1 25
0.56×
Q4 24
1.49×
Q3 24
1.69×
Q2 24
0.92×
Q1 24
0.15×
0.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PBF
PBF

Gasoline And Distillate$6.4B89%
Asphaltand Residual Oil$283.6M4%
Other$149.4M2%
Chemicals$145.1M2%
Logistics Group$93.5M1%
Lubricants$81.9M1%

TT
TT

Services$2.8B55%
Other$2.3B45%

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