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Saturday 17 October 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. In the quarter to June 2026, revenue grew 10.6%, EPS grew 6.94%, free cash flow grew 67.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

458.89 1.53 +0.33%
Market cap
$100.6B
P/E
34.8×
Fwd P/E
30.8×
Dividend yield
0.89%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Trane Technologies plc (TT) Operating margin

Alert me on 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 6.99% and above the Industrials sector median of 5.13%.

Operating margin, annual

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Annual newest first

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 newest first

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

Against its own ten years

Low 11.2% High 18.6%
Ten-year median 12.8%
Current reading's percentile 88

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 6.99%
Industrials sector median 5.13%
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

The full definition of Operating margin →

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