TT vs EMR vs LII Stock Comparison

Trane Technologies, Emerson Electric and Lennox International Prices as of Oct 27, 2026 Peers: Industry group
TT Trane Technologies plc
$461.22 +1.4% 1M +7.7% 1Y
Market cap
$99.75B
P/E
33.8x
Revenue (TTM)
$22.21B
Div. yield
0.01%
HVAC Industrials
5 wins
EMR Emerson Electric Co
$166.25 +5.2% 1M +23.6% 1Y
Market cap
$93.37B
P/E
36.2x
Revenue (TTM)
$18.64B
Div. yield
0.01%
Pumps and Valves Industrials
1 win

Head to Head

12 decided of 12

Lennox International leads on 6 of the 12 questions below (Lennox International 6, Trane Technologies 5, Emerson Electric 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTTEMRLIILeader
Larger companyMarket capitalisation $99.75B $93.37B $11.56B TT
Cheaper on earningsLower P/E, profitable companies only 33.8x 36.2x 14.7x LII
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.5x 24.6x 16.4x LII
Faster revenue growthRevenue growth, trailing twelve months +7.0% +4.8% -2.1% TT
More profitableNet margin, trailing twelve months 13.3% 13.8% 14.9% LII
Better return on capitalReturn on invested capital 24.4% 10.9% 29.8% LII
Less leveragedLower net debt / EBITDA 0.8x 1.8x 1.3x TT
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.02% LII
Better 1-year returnPrice return, last 12 months +7.7% +23.6% -25.8% EMR
Better 5-year returnAnnualised price return, 5 years +20.5%/yr +11.3%/yr +4.6%/yr TT
Less volatileAnnualised volatility, 1 year 29.2% 31.8% 41.1% TT
Higher overall scoreMean of the five percentile scores vs peers 51/100 45/100 59/100 LII

Percentile Scorecard

TTEMRLII

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTTEMRLII
Valuation 9 #51 of 56 34 #134 of 203 47 #30 of 56
Growth 65 #19 of 52 40 #114 of 188 45 #29 of 52
Profitability 90 #6 of 49 86 #26 of 183 98 #2 of 49
Financial Health 56 #25 of 56 29 #154 of 217 38 #35 of 56
Shareholder Returns 38 #26 of 41 36 #99 of 153 68 #14 of 41
Overall 51 45 59
  • TT ranked among 60 companies in Construction Products
  • EMR ranked among 222 companies in Machinery
  • LII ranked among 60 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTTEMRLIISPY
1 month +1.4%+5.2%-0.4% -0.2%
3 months -1.9%+9.5%-31.5% +3.9%
6 months -4.1%+20.1%-24.8% +8.2%
Year to date +18.5%+25.3%-23.3% +12.9%
1 year +7.7%+23.6%-25.8% +12.3%
3 years +149.7%+88.9%+3.8% +87.4%
3 years, per year +35.7%+23.6%+1.3% +23.3%
5 years +153.8%+70.5%+25.0% +67.9%
5 years, per year +20.5%+11.3%+4.6% +10.9%
10 years +786.8%+233.6%+156.8% +261.1%
10 years, per year +24.4%+12.8%+9.9% +13.7%

Risk

MeasureTTEMRLIISPY
Volatility, 1Y 29.2%31.8%41.1% 12.7%
Downside volatility, 1Y 30.2%33.5%46.0% 12.7%
Beta vs S&P 500, 1Y 1.151.541.33 1.00
Return / volatility, 1Y 0.260.74-0.63 0.97
Max drawdown, 5Y -40.3%-29.9%-48.6% -25.4%
From 52-week high -8.4%0.0%-35.0% -1.2%
52-week high $503.46$166.25$572.95 $779.14
52-week low $376.43$123.30$348.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTTEMRLII
P/E now vs peer median 34.6xmedian 20.1x 36.0xmedian 25.2x 16.4xmedian 20.1x
P/S now vs peer median 4.6xmedian 1.5x 5.0xmedian 1.9x 2.4xmedian 1.5x
EV/EBITDA now vs peer median 23.9xmedian 11.8x 16.8xmedian 14.0x 12.4xmedian 11.8x
P/FCF now vs peer median 28.3xmedian 16.2x 26.8xmedian 21.7x 17.4xmedian 16.2x
P/B now vs peer median 11.7xmedian 2.9x 4.5xmedian 2.3x 9.9xmedian 2.9x
PEG now vs peer median 1.97median 0.99 -0.87median 1.32 1.21median 0.99

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTTEMRLII
Revenue $22.21B $18.64B $5.30B
Gross profit $7.86B $9.91B $1.77B
Operating income $3.98B $4.68B $1.04B
Net income $2.97B $2.58B $788.60M
Free cash flow $3.58B $3.46B $738.70M
EPS (diluted) $13.25 $4.59 $22.66
Cash & equivalents $1.32B $2.18B $51.50M
Total debt $4.62B $13.11B $1.58B
Shares (diluted) 222.50M 561.10M 34.80M
Enterprise value $94.47B $86.11B $11.36B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTTEMRLII
P/E 34.6x 36.0x 16.4x
P/FCF 28.3x 26.8x 17.4x
P/Operating cash flow 25.9x 23.7x 14.4x
P/S 4.6x 5.0x 2.4x
P/B 11.7x 4.5x 9.9x
P/Tangible book 19.8x 7.9x 12.5x
EV/EBITDA 23.9x 16.8x 12.4x
EV/EBIT 26.3x 22.2x 13.8x
EV/Revenue 4.7x 5.6x 2.7x
EV/FCF 29.3x 29.9x 19.5x
EV/Operating cash flow 26.8x 26.5x 16.1x
PEG (3Y EPS CAGR) 1.97 -0.87 1.21

Growth

14 metrics
MetricTTEMRLII
Revenue growth (1Y) 7.0% 4.8% -2.1%
Revenue CAGR (3Y) 9.7% 7.6% 3.4%
Gross profit growth (1Y) 4.5% 5.7% -2.2%
Gross profit CAGR (3Y) 0.7% 11.0% 8.5%
Operating income growth (1Y) 4.4% 9.2% -2.6%
Operating income CAGR (3Y) 14.4% 13.6% 12.3%
Net income growth (1Y) 3.3% -3.0% -6.6%
Net income CAGR (3Y) 16.1% -42.0% 12.7%
EPS growth (1Y) 4.5% -2.2% -4.7%
EPS CAGR (3Y) 17.5% -41.6% 13.5%
Operating cash flow growth (1Y) 19.9% 4.4% 7.1%
Operating cash flow CAGR (3Y) 28.8% 10.1% 28.7%
Free cash flow growth (1Y) 26.1% 4.4% 8.6%
Free cash flow CAGR (3Y) 32.3% 9.4% 38.2%

Profitability

14 metrics
MetricTTEMRLII
Gross margin 35.4% 53.2% 33.3%
EBITDA margin 19.7% 33.1% 22.0%
Operating margin 17.9% 25.1% 19.7%
Pretax margin 16.8% 17.6% 18.5%
Net margin 13.3% 13.8% 14.9%
FCF margin 16.1% 18.6% 13.9%
Operating cash flow margin 17.6% 21.0% 16.9%
Return on equity 34.4% 12.7% 62.8%
Return on assets 12.7% 6.1% 17.8%
Return on invested capital 24.4% 10.9% 29.8%
Return on capital employed 26.7% 14.9% 35.0%
Asset turnover 1.0x 0.4x 1.2x
Cash conversion (OCF / net income) 1.3x 1.5x 1.1x
Stock comp / revenue 0.4% 1.3% 0.5%

Financial Health

11 metrics
MetricTTEMRLII
Debt / assets 19.3% 31.1% 34.8%
Debt / equity 0.5x 0.6x 1.2x
Net debt / EBITDA 0.8x 1.8x 1.3x
Debt / FCF 1.3x 3.8x 2.1x
Liabilities / assets 63.9% 51.7% 71.5%
Equity / assets 36.1% 48.3% 28.5%
Interest coverage 18.1x – 18.5x
Current ratio 1.1x 0.9x 1.6x
Quick ratio 0.7x 0.5x 0.7x
Cash ratio 0.2x 0.2x 0.0x
Altman Z-score 6.11 4.71 6.12

Shareholder Returns

7 metrics
MetricTTEMRLII
Dividend yield 0.9% 1.3% 1.4%
Net buyback yield 1.3% 1.0% 2.6%
Shareholder yield 2.2% 2.3% 4.0%
Payout ratio (earnings) 29.6% 47.8% 23.1%
Payout ratio (FCF) 24.6% 35.6% 24.6%
Dividend growth (1Y) 10.3% 3.1% 11.1%
Dividend CAGR (3Y) 10.6% 0.7% 6.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTTEMRLII
Forward P/E 29.5xFY2026 24.6xFY2026 16.4xFY2026
EPS, next fiscal year $15.64FY2026 $6.75FY2026 $22.65FY2026
EPS growth, next FY +19.8%FY2026 +12.5%FY2026 -2.2%FY2026
EPS growth, the year after +10.2% +15.3% +7.9%
Revenue, next fiscal year $25.40BFY2026 $18.13BFY2026 $5.75BFY2026
Revenue growth, next FY +19.1%FY2026 +0.6%FY2026 +10.5%FY2026
Revenue growth, the year after +7.8% +15.3% +7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTTEMRLII
Held by institutions 87.0% 82.1% 77.3%
Institutions holding 1,810 2,290 655
Change in shares held, QoQ +0.3% +0.9% +1.8%
Institutions buying 894 1,080 315
Institutions selling 579 798 236
Buyers to sellers 1.54 1.35 1.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TTEMRLII
TT 1.00 0.59 0.56
EMR 0.59 1.00 0.53
LII 0.56 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TT, EMR and LII?

Trane Technologies (TT) is the largest by market capitalisation: Trane Technologies (TT) $99.75B, Emerson Electric (EMR) $93.37B, Lennox International (LII) $11.56B.

Which stock is cheaper, TT, EMR and LII?

Lennox International (LII) trades on the lowest price-to-earnings ratio (Trane Technologies (TT) 33.8x, Emerson Electric (EMR) 36.2x, Lennox International (LII) 14.7x). On next year's consensus earnings, Lennox International (LII) is cheapest (Trane Technologies (TT) 29.5x, Emerson Electric (EMR) 24.6x, Lennox International (LII) 16.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Trane Technologies (TT) grew revenue fastest over the trailing twelve months: Trane Technologies (TT) +7.0%, Emerson Electric (EMR) +4.8%, Lennox International (LII) -2.1%.

Which company is more profitable?

Lennox International (LII) has the highest net margin (Trane Technologies (TT) 13.3%, Emerson Electric (EMR) 13.8%, Lennox International (LII) 14.9%). On return on invested capital, Lennox International (LII) leads (Trane Technologies (TT) 24.4%, Emerson Electric (EMR) 10.9%, Lennox International (LII) 29.8%).

Which stock has performed better?

Over the past year Emerson Electric (EMR) returned the most: Trane Technologies (TT) +7.7%, Emerson Electric (EMR) +23.6%, Lennox International (LII) -25.8%. Over five years, Trane Technologies (TT) compounded fastest (Trane Technologies (TT) +20.5%/yr, Emerson Electric (EMR) +11.3%/yr, Lennox International (LII) +4.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Lennox International (LII) has the highest dividend yield: Trane Technologies (TT) 0.01%, Emerson Electric (EMR) 0.01%, Lennox International (LII) 0.02%.

Which stock is riskier?

By one-year price volatility, Trane Technologies (TT) has been the steadiest (Trane Technologies (TT) 29.2%, Emerson Electric (EMR) 31.8%, Lennox International (LII) 41.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TT, EMR and LII?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lennox International (LII) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.