Trane Technologies plc TT
454.44
15.90
3.63%
as of 25 Sep
- Market cap
- $96.8B
- P/E
- 34.5×
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Dividend Champion (10y)
Cash Flow Champion (3y)
Revenue Champion (5y)
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Trane Technologies plc (TT) Operating margin
Trane Technologies plc's operating margin over the twelve months to 30 June 2026 was 17.9%, down 0.7 percentage points from fiscal 2025 (18.6%). Over the past ten years it has ranged from 11.2% (fiscal 2015) to 18.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Building Products & Equipment industry median of 6.84% and above the Industrials sector median of 5.15%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 18.6% | 0.97 |
| FY2024 | 17.6% | 1.27 |
| FY2023 | 16.4% | 1.24 |
| FY2022 | 15.1% | 0.82 |
| FY2021 | 14.3% | 2.00 |
| FY2020 | 12.3% | (0.46) |
| FY2019 | 12.8% | 0.52 |
| FY2018 | 12.3% | 0.52 |
| FY2017 | 11.7% | (0.14) |
| FY2016 | 11.9% | 0.65 |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 19.3% | 3.65 |
| Mar 2026 | 15.6% | (0.30) |
| Dec 2025 | 15.9% | (4.37) |
| Sep 2025 | 20.3% | 0.03 |
| 42 more quarters | Free account |
Against its own ten years
Low 11.2%
High 18.6%
Ten-year median
12.8%
Current reading's percentile
100
Operating margin against peers
| Company | Operating margin |
|---|---|
| WMS Advanced Drainage Systems, Inc. compare | 20.7% |
| CSL Carlisle Companies Incorporated compare | 20.0% |
| LII Lennox International, Inc. compare | 19.7% |
| TT Trane Technologies plc | 17.9% |
| MAS Masco Corporation compare | 17.6% |
| SPXC SPX Technologies, Inc. compare | 16.2% |
| JCI Johnson Controls International plc compare | 12.0% |
| CARR Carrier Global Corporation compare | 7.80% |
| OC Owens Corning Inc compare | 0.51% |
| Building Products & Equipment industry median | 6.84% |
| Industrials sector median | 5.15% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on TT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement