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Friday 6 November 2026 Export TT’s income statement to Excel — free account

Trane Technologies plc

TT Industrials Building Products & Equipment

Trane Technologies plc’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 7.48% from fiscal 2024.

Revenue
+17.7%
EPS
+25.4%
Free cash flow
+28.8%
Total debt
−8.63%

Quarter to September 2026, against a year earlier

394.05 16.43 −4.00%
Market cap
$85.9B
P/E
27.8×
Fwd P/E
27.1×
Dividend yield
1.04%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
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Trane Technologies plc (TT) Net margin

Alert me on Net margin

Trane Technologies plc's net margin over the twelve months to 30 September 2026 was 13.6%, down 0.1 percentage points from fiscal 2025 (13.7%). Over the past ten years it has ranged from 5.00% (fiscal 2015) to 13.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Building Products & Equipment industry median of 4.11% and above the Industrials sector median of 2.52%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 13.7% 0.75
FY2024 12.9% 1.49
FY2023 11.5% 0.47
FY2022 11.0% 0.91
FY2021 10.1% 3.21
FY2020 6.86% (3.93)
FY2019 10.8% (0.05)
FY2018 10.8% 1.67
FY2017 9.17% (1.76)
FY2016 10.9% 5.93

Quarterly newest first

Period Net margin Change (points)
Sep 2026 15.5% 0.94
Jun 2026 14.6% 2.81
Mar 2026 11.8% 0.27
Dec 2025 11.5% (3.27)
43 more quarters

Against its own ten years

Low 5.00% High 13.7%
Ten-year median 10.8%
Current reading's percentile 93

Net margin against peers

Company Net margin
CSL Carlisle Companies Incorporated compare 13.8%
LII Lennox International, Inc. compare 13.8%
TT Trane Technologies plc 13.6%
WMS Advanced Drainage Systems, Inc. compare 12.4%
MAS Masco Corporation compare 12.1%
JCI Johnson Controls International plc compare 11.1%
MAIR Madison Air Solutions Corporation compare 4.75%
OC Owens Corning Inc compare −4.42%
CARR Carrier Global Corporation compare −7.90%
Building Products & Equipment industry median 4.11%
Industrials sector median 2.52%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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