Trane Technologies (TT) Dividend Coverage Ratio (2009 - 2026)
Trane Technologies' Dividend Coverage Ratio was 4.00 in Q2 2026, down 4.0% from 4.16 a year earlier but up 58.3% from the prior quarter.
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Analysis
Trane Technologies (TT) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trane Technologies' Dividend Coverage Ratio was 3.35 through Jun 30, 2026, down 6.4% year-over-year; for FY2025, it was 3.49, up 2.8% from FY2024.
- Dividend Coverage Ratio has now increased for five consecutive years.
- In earlier years, Dividend Coverage Ratio was 3.39 in FY2024 (+14.5%), 2.96 in FY2023 (+4.5%), 2.83 in FY2022 (+11.6%) and 2.54 in FY2021 (+50.5%).
- Quarterly Dividend Coverage Ratio has moved between 1.67 (Q1 2022) and 4.16 (Q2 2025) over five years.
- Compared with a year earlier, Dividend Coverage Ratio has declined for four straight quarters, with growth averaging 2.7% over the last eight quarters.
- The best year-over-year quarter for Dividend Coverage Ratio over five years was Q1 2024 (growth of 27.7%); the worst was Q1 2026 (a decline of 12.4%).
- Per Business Quant data, TT's Dividend Coverage Ratio in the three quarters before Q2 2026 was 2.52 (Q1 2026), 2.84 (Q4 2025) and 4.05 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 4.00 |
| 2 | Johnson Controls International | 90.21 Bn | 87.98 Bn | 2.47 Bn | 3.06 |
| 3 | Comfort Systems Usa | 58.39 Bn | 53.64 Bn | 844.23 Mn | 15.68 |
| 4 | Carrier Global | 46.05 Bn | 40.68 Bn | 1.94 Bn | 2.52 |
| 5 | Otis Worldwide | 25.26 Bn | 21.87 Bn | 1.14 Bn | 2.56 |
| 6 | James Hardie Industries | 14.74 Bn | 13.47 Bn | 548.70 Mn | - |
| 7 | Masco | 13.48 Bn | 11.59 Bn | 868.00 Mn | 4.97 |
| 8 | Allegion | 13.22 Bn | 11.93 Bn | 517.50 Mn | 3.96 |
| 9 | Carlisle Companies | 12.99 Bn | 9.34 Bn | 568.40 Mn | 5.75 |
| 10 | Lennox International | 12.73 Bn | 12.54 Bn | 539.50 Mn | 5.94 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00 |
| Mar 31, 2026 | 2.52 |
| Dec 31, 2025 | 2.84 |
| Sep 30, 2025 | 4.05 |
| Jun 30, 2025 | 4.16 |
| Mar 31, 2025 | 2.88 |
| Dec 31, 2024 | 3.20 |
| Sep 30, 2024 | 4.08 |
| Jun 30, 2024 | 3.98 |
| Mar 31, 2024 | 2.30 |
| Dec 31, 2023 | 2.95 |
| Sep 30, 2023 | 3.65 |
| Jun 30, 2023 | 3.43 |
| Mar 31, 2023 | 1.80 |
| Dec 31, 2022 | 2.87 |
| Sep 30, 2022 | 3.51 |
| Jun 30, 2022 | 3.29 |
| Mar 31, 2022 | 1.67 |
| Dec 31, 2021 | 2.28 |
| Sep 30, 2021 | 2.89 |
API Access
Trane Technologies Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();