Trane Technologies (TT) Gross Margin (2009 - 2026)

Trane Technologies has reported Gross Margin for 18 years, with the latest figure at 34.77% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 100.0% year-over-year to 34.77%; the trailing twelve-month figure through Mar 2026 stood at 55.3% (up 51.0% YoY), and the FY2025 full-year result was 55.79%, up 79.0% from the prior year.
• Gross Margin for Q1 2026 stood at 34.77%, down from 115.45% in the prior quarter.
• The five-year high for Gross Margin was 115.45% in Q4 2025, with the low at 29.47% in Q1 2022.
• Historically, Gross Margin has averaged 52.37% across 5 years, with a median of 35.78% in 2025.
• Annual changes were most pronounced in 2022 — Gross Margin sank 246 bps — and 2023, when it surged 442 bps.
• Trane Technologies' Gross Margin stood at 105.83% in 2022, then grew by 4 bps to 110.25% in 2023, then grew by 3 bps to 113.68% in 2024, then climbed by 2 bps to 115.45% in 2025, then sank by 70 bps to 34.77% in 2026.
• The last three Gross Margin figures came in at 34.77% (Q1 2026), 115.45% (Q4 2025), and 36.89% (Q3 2025), per Business Quant data.