Trane Technologies (TT) Gross Margin (2009 - 2026)
Trane Technologies posted quarterly Gross Margin of 34.77% for Q1 2026, down 100.0% year-on-year from inf% in Q1 2025, and down 69.88% on a QoQ basis from 115.45% in Q4 2025.
Trane Technologies (TT) has 18 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 115.45% in Q4 2025 and bottomed at 29.47% in Q1 2022.
- The 5-year median for Gross Margin is 35.78% (2025), against an average of 52.37%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 246 bps; it then surged 442 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 105.83% in 2022, then increased by 4 bps to 110.25% in 2023, then increased by 3 bps to 113.68% in 2024, then grew by 2 bps to 115.45% in 2025, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 34.52% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 25.88% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 40.68% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 35.12% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 22.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.77% |
| Dec 31, 2025 | 115.45% |
| Sep 30, 2025 | 36.89% |
| Jun 30, 2025 | 37.60% |
| Mar 31, 2025 | 35.78% |
| Dec 31, 2024 | 113.68% |
| Sep 30, 2024 | 36.29% |
| Jun 30, 2024 | 36.47% |
| Mar 31, 2024 | 34.63% |
| Dec 31, 2023 | 110.25% |
| Sep 30, 2023 | 33.96% |
| Jun 30, 2023 | 33.68% |
| Mar 31, 2023 | 31.19% |
| Dec 31, 2022 | 105.83% |
| Sep 30, 2022 | 32.77% |
| Jun 30, 2022 | 31.58% |
| Mar 31, 2022 | 29.47% |
| Dec 31, 2021 | 108.29% |
| Sep 30, 2021 | 32.37% |
| Jun 30, 2021 | 33.18% |
| Mar 31, 2021 | 31.59% |
| Dec 31, 2020 | 223.15% |
| Sep 30, 2020 | 32.46% |
| Jun 30, 2020 | 31.17% |
| Mar 31, 2020 | 28.11% |
| Dec 31, 2019 | 234.27% |
| Sep 30, 2019 | 31.82% |
| Jun 30, 2019 | 31.92% |
| Mar 31, 2019 | 29.05% |
| Dec 31, 2018 | 15.91% |
| Sep 30, 2018 | 32.56% |
| Jun 30, 2018 | 31.98% |
| Mar 31, 2018 | 28.49% |
| Dec 31, 2017 | 29.73% |
| Sep 30, 2017 | 32.16% |
| Jun 30, 2017 | 32.12% |
| Mar 31, 2017 | 29.14% |
| Dec 31, 2016 | 30.11% |
| Sep 30, 2016 | 32.37% |
| Jun 30, 2016 | 32.04% |
| Mar 31, 2016 | 29.47% |
| Dec 31, 2015 | 30.34% |
| Sep 30, 2015 | 31.76% |
| Jun 30, 2015 | 30.71% |
| Mar 31, 2015 | 27.74% |
| Dec 31, 2014 | 30.22% |
| Sep 30, 2014 | 31.26% |
| Jun 30, 2014 | 31.13% |
| Mar 31, 2014 | 28.21% |
| Dec 31, 2013 | 28.53% |
| Sep 30, 2013 | 31.00% |
| Jun 30, 2013 | 30.04% |
| Mar 31, 2013 | 27.53% |
| Dec 31, 2012 | 16.70% |
| Sep 30, 2012 | 31.69% |
| Jun 30, 2012 | 30.81% |
| Mar 31, 2012 | 28.61% |
| Dec 31, 2011 | 13.01% |
| Sep 30, 2011 | 29.51% |
| Jun 30, 2011 | 30.02% |
| Mar 31, 2011 | 27.65% |
| Dec 31, 2010 | 27.79% |
| Sep 30, 2010 | 29.13% |
| Jun 30, 2010 | 28.98% |
| Mar 31, 2010 | 27.36% |
| Dec 31, 2009 | 28.48% |
| Sep 30, 2009 | 28.80% |
| Jun 30, 2009 | 27.12% |
| Mar 31, 2009 | 24.77% |