TT vs LII vs MOD Stock Comparison

Trane Technologies, Lennox International and Modine Manufacturing Prices as of Oct 29, 2026 Peers: Industry group
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TT Trane Technologies plc
$430.85 -5.4% 1M +0.8% 1Y
Market cap
$91.54B
P/E
29.1x
Revenue (TTM)
$23.23B
Div. yield
0.01%
HVAC Industrials
5 wins

Head to Head

12 decided of 12

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

QuestionTTLIIMODLeader
Larger companyMarket capitalisation $91.54B $11.88B $6.85B TT
Cheaper on earningsLower P/E, profitable companies only 29.1x 15.8x — LII
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.5x 15.4x 20.5x LII
Faster revenue growthRevenue growth, trailing twelve months +10.3% +1.9% — TT
More profitableNet margin, trailing twelve months 13.6% 13.8% — LII
Better return on capitalReturn on invested capital 25.7% 27.6% — LII
Less leveragedLower net debt / EBITDA 0.7x 1.4x — TT
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.00% LII
Better 1-year returnPrice return, last 12 months +0.8% -28.6% -10.6% TT
Better 5-year returnAnnualised price return, 5 years +19.0%/yr +3.1%/yr +66.1%/yr MOD
Less volatileAnnualised volatility, 1 year 29.6% 42.8% 72.0% TT
Higher overall scoreMean of the five percentile scores vs peers 60/100 63/100 — LII

Percentile Scorecard

TTLIIMOD

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

AxisTTLIIMOD
Valuation 15 #47 of 55 61 #22 of 55 –
Growth 76 #13 of 51 56 #23 of 51 –
Profitability 98 #2 of 49 100 #1 of 49 –
Financial Health 59 #23 of 55 28 #40 of 55 56 #25 of 55
Shareholder Returns 51 #20 of 40 72 #12 of 40 –
Overall 60 63 –
  • TT ranked among 59 companies in Construction Products
  • LII ranked among 59 companies in Construction Products
  • MOD ranked among 59 companies in Construction Products

Price Performance

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

Returns

PeriodTTLIIMODSPY
1 month -5.4%-3.3%-24.4% +0.7%
3 months -2.1%-16.6%-28.5% +3.7%
6 months -12.5%-34.9%-45.5% +7.1%
Year to date +10.7%-28.3%+3.9% +12.8%
1 year +0.8%-28.6%-10.6% +11.9%
3 years +129.1%-4.7%+251.4% +85.2%
3 years, per year +31.8%-1.6%+52.1% +22.8%
5 years +138.1%+16.3%+1,161.5% +67.6%
5 years, per year +19.0%+3.1%+66.1% +10.9%
10 years +729.5%+137.8%+1,179.0% +262.0%
10 years, per year +23.6%+9.0%+29.0% +13.7%

Risk

MeasureTTLIIMODSPY
Volatility, 1Y 29.6%42.8%72.0% 12.7%
Downside volatility, 1Y 30.9%48.6%76.9% 12.6%
Beta vs S&P 500, 1Y 1.161.293.12 1.00
Return / volatility, 1Y 0.03-0.67-0.15 0.94
Max drawdown, 5Y -40.3%-51.0%-57.6% -25.4%
From 52-week high -14.4%-39.2%-54.8% -1.2%
52-week high $503.46$572.95$306.89 $779.14
52-week low $376.43$332.41$119.68 $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.

MultipleTTLIIMOD
P/E now vs peer median 30.1xmedian 20.3x 16.0xmedian 20.3x —median 20.3x
P/S now vs peer median 4.1xmedian 1.6x 2.2xmedian 1.6x —median 1.6x
EV/EBITDA now vs peer median 21.3xmedian 12.6x 11.7xmedian 12.6x —median 12.6x
P/FCF now vs peer median 24.5xmedian 16.9x 14.3xmedian 16.9x —median 16.9x
P/B now vs peer median 10.3xmedian 3.0x 9.0xmedian 3.0x 6.1xmedian 3.0x
PEG now vs peer median 1.60median 1.13 1.24median 1.13 —median 1.13

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 monthsTTLIIMOD
Revenue $23.23B $5.45B –
Gross profit $8.13B $1.78B –
Operating income $4.16B $1.03B –
Net income $3.18B $749.90M –
Free cash flow $3.86B $835.70M –
EPS (diluted) $14.23 $21.74 –
Cash & equivalents $1.23B $43.30M $73.50M
Total debt $4.22B $1.62B $436.30M
Shares (diluted) 221.40M 34.50M 52.80M
Enterprise value $86.16B $11.69B $6.47B

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
MetricTTLIIMOD
P/E 30.1x 16.0x –
P/FCF 24.5x 14.3x –
P/Operating cash flow 22.3x 12.0x –
P/S 4.1x 2.2x –
P/B 10.3x 9.0x 6.1x
P/Tangible book 16.7x 12.1x 7.3x
EV/EBITDA 21.3x 11.7x –
EV/EBIT 23.4x 13.1x –
EV/Revenue 4.2x 2.5x –
EV/FCF 25.2x 16.1x –
EV/Operating cash flow 23.0x 13.6x –
PEG (3Y EPS CAGR) 1.60 1.24 –

Growth

14 metrics
MetricTTLIIMOD
Revenue growth (1Y) 10.3% 1.9% –
Revenue CAGR (3Y) 10.3% 3.4% –
Gross profit growth (1Y) 6.0% -1.6% –
Gross profit CAGR (3Y) 0.9% 6.3% –
Operating income growth (1Y) 5.2% -6.4% –
Operating income CAGR (3Y) 14.3% 11.7% –
Net income growth (1Y) 7.6% -13.3% –
Net income CAGR (3Y) 17.1% 11.6% –
EPS growth (1Y) 8.9% -11.6% –
EPS CAGR (3Y) 18.8% 12.8% –
Operating cash flow growth (1Y) 42.8% 44.6% –
Operating cash flow CAGR (3Y) 23.4% 20.7% –
Free cash flow growth (1Y) 50.8% 56.4% –
Free cash flow CAGR (3Y) 25.7% 27.5% –

Profitability

14 metrics
MetricTTLIIMOD
Gross margin 35.0% 32.6% –
EBITDA margin 19.7% 21.2% –
Operating margin 17.9% 18.8% –
Pretax margin 16.9% 17.6% –
Net margin 13.6% 13.8% –
FCF margin 16.6% 15.3% –
Operating cash flow margin 18.2% 18.2% –
Return on equity 35.7% 57.4% –
Return on assets 13.3% 16.2% –
Return on invested capital 25.7% 27.6% –
Return on capital employed 25.8% 36.9% –
Asset turnover 1.0x 1.2x –
Cash conversion (OCF / net income) 1.3x 1.3x –
Stock comp / revenue 0.4% 0.4% –

Financial Health

11 metrics
MetricTTLIIMOD
Debt / assets 17.7% 34.6% 16.3%
Debt / equity 0.5x 1.2x 0.4x
Net debt / EBITDA 0.7x 1.4x –
Debt / FCF 1.1x 1.9x –
Liabilities / assets 61.8% 71.9% 55.0%
Equity / assets 38.2% 28.1% 45.0%
Interest coverage 19.2x 16.2x –
Current ratio 1.1x 1.2x 1.9x
Quick ratio 0.7x 0.5x 1.1x
Cash ratio 0.2x 0.0x 0.1x
Altman Z-score 6.08 5.70 –

Shareholder Returns

7 metrics
MetricTTLIIMOD
Dividend yield 0.9% 1.5% –
Net buyback yield 1.7% 3.7% –
Shareholder yield 2.6% 5.3% 0.0%
Payout ratio (earnings) 28.4% 24.4% –
Payout ratio (FCF) 23.4% 21.9% –
Dividend growth (1Y) 10.3% 8.7% –
Dividend CAGR (3Y) 10.6% 6.1% –

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.

ConsensusTTLIIMOD
Forward P/E 27.5xFY2026 15.4xFY2026 20.5xFY2026
EPS, next fiscal year $15.64FY2026 $22.65FY2026 $6.76FY2026
EPS growth, next FY +19.8%FY2026 -2.2%FY2026 +46.3%FY2026
EPS growth, the year after +10.2% +7.9% +52.2%
Revenue, next fiscal year $25.40BFY2026 $5.75BFY2026 $4.20BFY2026
Revenue growth, next FY +19.1%FY2026 +10.5%FY2026 +32.2%FY2026
Revenue growth, the year after +7.8% +7.7% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTTLIIMOD
Held by institutions 87.0% 77.3% 98.5%
Institutions holding 1,811 656 635
Change in shares held, QoQ +0.3% +1.8% -4.8%
Institutions buying 895 316 348
Institutions selling 579 236 224
Buyers to sellers 1.55 1.34 1.55

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.

TTLIIMOD
TT 1.00 0.53 0.65
LII 0.53 1.00 0.35
MOD 0.65 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TT, LII and MOD?

Trane Technologies (TT) is the largest by market capitalisation: Trane Technologies (TT) $91.54B, Lennox International (LII) $11.88B, Modine Manufacturing (MOD) $6.85B.

Which stock is cheaper, TT, LII and MOD?

Lennox International (LII) trades on the lowest price-to-earnings ratio (Trane Technologies (TT) 29.1x, Lennox International (LII) 15.8x). On next year's consensus earnings, Lennox International (LII) is cheapest (Trane Technologies (TT) 27.5x, Lennox International (LII) 15.4x, Modine Manufacturing (MOD) 20.5x). 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) +10.3%, Lennox International (LII) +1.9%.

Which company is more profitable?

Lennox International (LII) has the highest net margin (Trane Technologies (TT) 13.6%, Lennox International (LII) 13.8%). On return on invested capital, Lennox International (LII) leads (Trane Technologies (TT) 25.7%, Lennox International (LII) 27.6%).

Which stock has performed better?

Over the past year Trane Technologies (TT) returned the most: Trane Technologies (TT) +0.8%, Lennox International (LII) -28.6%, Modine Manufacturing (MOD) -10.6%. Over five years, Modine Manufacturing (MOD) compounded fastest (Trane Technologies (TT) +19.0%/yr, Lennox International (LII) +3.1%/yr, Modine Manufacturing (MOD) +66.1%/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%, Lennox International (LII) 0.02%, Modine Manufacturing (MOD) 0.00%. Modine Manufacturing (MOD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Trane Technologies (TT) has been the steadiest (Trane Technologies (TT) 29.6%, Lennox International (LII) 42.8%, Modine Manufacturing (MOD) 72.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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.