Trane Technologies (TT) EBT Margin (2009 - 2026)
Trane Technologies' EBT Margin was 19.01% in Q3 2026, unchanged from 19.01% a year earlier and up 0.71 percentage points from the prior quarter.
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Analysis
Trane Technologies (TT) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trane Technologies' EBT Margin was 16.90% through Sep 30, 2026, down 0.62 percentage points year-over-year; for FY2025, it came in at 17.25%, up 0.91 percentage points from FY2024.
- EBT Margin has now increased for five consecutive years, with a five-year change of +6.91 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 16.34% in FY2024 (+1.82 pp), 14.52% in FY2023 (+0.94 pp), 13.58% in FY2022 (+0.92 pp) and 12.67% in FY2021 (+2.32 pp).
- The Q3 2026 figure marks the highest quarterly EBT Margin since Q2 2025.
- Compared with a year earlier, EBT Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.43 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q1 2025 (a gain of 2.99 percentage points); the worst was Q1 2026 (a drop of 1.25 percentage points).
- Per Business Quant data, TT's EBT Margin in the three quarters before Q3 2026 was 18.31% (Q2 2026), 14.81% (Q1 2026) and 14.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 93.66 Bn | 88.28 Bn | 2.38 Bn | 19.01% |
| 2 | Johnson Controls International | 87.35 Bn | 85.08 Bn | 2.47 Bn | 13.86% |
| 3 | Carrier Global | 43.73 Bn | 38.10 Bn | 1.90 Bn | -37.73% |
| 4 | Comfort Systems Usa | 39.84 Bn | 33.80 Bn | 934.48 Mn | 16.86% |
| 5 | Otis Worldwide | 29.53 Bn | 25.92 Bn | 1.16 Bn | 14.10% |
| 6 | James Hardie Industries | 17.19 Bn | 15.75 Bn | 562.40 Mn | 15.92% |
| 7 | Masco | 16.43 Bn | 14.23 Bn | 720.00 Mn | 16.38% |
| 8 | Allegion | 15.94 Bn | 14.56 Bn | 548.20 Mn | 22.84% |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 18.44% |
| 10 | Lennox International | 11.88 Bn | 11.69 Bn | 497.20 Mn | 18.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.01% |
| Jun 30, 2026 | 18.31% |
| Mar 31, 2026 | 14.81% |
| Dec 31, 2025 | 14.41% |
| Sep 30, 2025 | 19.01% |
| Jun 30, 2025 | 19.02% |
| Mar 31, 2025 | 16.06% |
| Dec 31, 2024 | 15.40% |
| Sep 30, 2024 | 17.79% |
| Jun 30, 2024 | 18.33% |
| Mar 31, 2024 | 13.06% |
| Dec 31, 2023 | 13.90% |
| Sep 30, 2023 | 16.31% |
| Jun 30, 2023 | 16.29% |
| Mar 31, 2023 | 10.63% |
| Dec 31, 2022 | 12.82% |
| Sep 30, 2022 | 15.21% |
| Jun 30, 2022 | 15.59% |
| Mar 31, 2022 | 9.88% |
| Dec 31, 2021 | 11.06% |
API Access
Trane Technologies EBT 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=ebt-margin&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();