Trane Technologies (TT) EBITDA Margin (2009 - 2026)
Trane Technologies (TT) reported EBITDA Margin of 15.62% for Q1 2026, down 185.0% on a YoY basis from 18.37% in Q1 2025, and down 1.9% quarter-over-quarter from 15.92% in Q4 2025.
Trane Technologies (TT) EBITDA Margin (2009 - 2026) Analysis & Trends
Trane Technologies has reported EBITDA Margin for 18 years, with the latest figure at 15.62% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 185.0% year-over-year to 15.62%; the trailing twelve-month figure through Mar 2026 stood at 18.17% (up 2.0% YoY), and the FY2025 full-year result was 18.61%, up 96.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 15.62%, down from 15.92% in the prior quarter.
- The five-year high for EBITDA Margin was 20.29% in Q3 2025, with the low at 11.57% in Q1 2022.
- Historically, EBITDA Margin has averaged 16.69% across 5 years, with a median of 16.91% in 2022.
- Annual changes were most pronounced in 2024 — EBITDA Margin surged 257 bps — and 2026, when it plunged 185 bps.
- Trane Technologies' EBITDA Margin stood at 14.25% in 2022, then climbed by 9 bps to 15.54% in 2023, then grew by 7 bps to 16.57% in 2024, then declined by 4 bps to 15.92% in 2025, then fell by 2 bps to 15.62% in 2026.
- The last three EBITDA Margin figures came in at 15.62% (Q1 2026), 15.92% (Q4 2025), and 20.29% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 11.19% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 9.46% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 7.88% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 10.36% |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 5.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.62% |
| Dec 31, 2025 | 15.92% |
| Sep 30, 2025 | 20.29% |
| Jun 30, 2025 | 20.26% |
| Mar 31, 2025 | 17.47% |
| Dec 31, 2024 | 16.57% |
| Sep 30, 2024 | 18.83% |
| Jun 30, 2024 | 19.49% |
| Mar 31, 2024 | 15.03% |
| Dec 31, 2023 | 15.54% |
| Sep 30, 2023 | 17.70% |
| Jun 30, 2023 | 18.82% |
| Mar 31, 2023 | 12.46% |
| Dec 31, 2022 | 14.25% |
| Sep 30, 2022 | 16.91% |
| Jun 30, 2022 | 16.96% |
| Mar 31, 2022 | 11.57% |
| Dec 31, 2021 | 12.21% |
| Sep 30, 2021 | 15.68% |
| Jun 30, 2021 | 17.00% |