Trane Technologies (TT) EBITDA Margin (2009 - 2026)
Trane Technologies (TT) posted EBITDA Margin of 21.42% for Q3 2026, down 0.41 percentage points from 21.83% a year earlier but up 0.42 percentage points from the prior quarter.
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Analysis
Trane Technologies (TT) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBITDA Margin at Trane Technologies was 19.67%, down 0.93 percentage points year-over-year; for FY2025, it came in at 20.37%, up 0.82 percentage points from FY2024.
- Annual EBITDA Margin has increased for five consecutive years, with a five-year change of +5.70 percentage points (FY2020 to FY2025).
- In prior years, Trane Technologies' EBITDA Margin was 19.56% in FY2024 (+1.22 pp), 18.34% in FY2023 (+1.19 pp), 17.15% in FY2022 (+0.72 pp) and 16.43% in FY2021 (+1.76 pp).
- Quarterly EBITDA Margin has run from a low of 13.87% in Q1 2022 to a high of 21.97% in Q2 2025 over five years.
- On a year-over-year basis, EBITDA Margin has declined in each of the last four quarters, with an average year-over-year change of +0.14 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2024, with a gain of 2.57 percentage points; the weakest was Q1 2026, with a drop of 1.93 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 21.00% (Q2 2026), 17.65% (Q1 2026) and 17.68% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.47 Bn | 87.09 Bn | 2.38 Bn | 21.42% |
| 2 | Johnson Controls International | 85.88 Bn | 83.61 Bn | 2.47 Bn | 17.37% |
| 3 | Carrier Global | 43.83 Bn | 38.20 Bn | 1.90 Bn | -31.12% |
| 4 | Comfort Systems Usa | 39.03 Bn | 32.98 Bn | 934.48 Mn | 17.85% |
| 5 | Otis Worldwide | 30.08 Bn | 26.47 Bn | 1.16 Bn | 16.89% |
| 6 | James Hardie Industries | 17.47 Bn | 16.40 Bn | 562.40 Mn | 29.82% |
| 7 | Masco | 16.84 Bn | 14.64 Bn | 720.00 Mn | - |
| 8 | Allegion | 16.15 Bn | 14.78 Bn | 548.20 Mn | 27.35% |
| 9 | Carlisle Companies | 15.63 Bn | 12.54 Bn | 494.90 Mn | 23.37% |
| 10 | Lennox International | 12.03 Bn | 11.85 Bn | 497.20 Mn | 22.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.42% |
| Jun 30, 2026 | 21.00% |
| Mar 31, 2026 | 17.65% |
| Dec 31, 2025 | 17.68% |
| Sep 30, 2025 | 21.83% |
| Jun 30, 2025 | 21.97% |
| Mar 31, 2025 | 19.58% |
| Dec 31, 2024 | 18.55% |
| Sep 30, 2024 | 20.58% |
| Jun 30, 2024 | 21.30% |
| Mar 31, 2024 | 17.21% |
| Dec 31, 2023 | 17.53% |
| Sep 30, 2023 | 19.58% |
| Jun 30, 2023 | 20.70% |
| Mar 31, 2023 | 14.64% |
| Dec 31, 2022 | 16.28% |
| Sep 30, 2022 | 18.84% |
| Jun 30, 2022 | 18.86% |
| Mar 31, 2022 | 13.87% |
| Dec 31, 2021 | 14.35% |
API Access
Trane Technologies EBITDA Margin 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=ebitda-margin&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();