Trane Technologies (TT) Gross Margin (2009 - 2026)
Trane Technologies (TT) posted quarterly Gross Margin of 35.57% for Q2 2026, down 203.0% year-over-year from 34.53% in Q2 2025, and up 2.28% quarter-over-quarter from 34.77% in Q1 2026.
Trane Technologies (TT) Gross Margin (2009 - 2026) Analysis & Trends
Trane Technologies' Gross Margin history runs 18 years deep, the most recent figure standing at 35.57% for Q2 2026.
- In Q2 2026, Gross Margin fell 203.0% year-over-year to 35.57%; the TTM figure through Jun 2026 stood at 54.23% (down 48.0% YoY), while the FY2025 annual figure was 55.79%, up 79.0% from the prior year.
- Gross Margin for Q2 2026 stood at 35.57%, up from 34.77% 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.
- The 5-year median for Gross Margin is 35.67% (2025), against an average of 50.37%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 2158 bps in 2022, then jumped 2354 bps in 2023.
- Trane Technologies' Gross Margin stood at 86.71% in 2022, then climbed by 27 bps to 110.25% in 2023, then rose by 3 bps to 113.68% in 2024, then climbed by 2 bps to 115.45% in 2025, then sank by 69 bps to 35.57% in 2026.
- Business Quant data shows TT's Gross Margin at 35.57% in Q2 2026, 34.77% in Q1 2026, and 115.45% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 37.41% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 30.59% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 43.57% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 36.20% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 34.91% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 28.77% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 40.76% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 40.18% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 41.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.57% |
| Mar 31, 2026 | 34.77% |
| Dec 31, 2025 | 217.33% |
| Sep 30, 2025 | 36.89% |
| Jun 30, 2025 | 37.60% |
| Mar 31, 2025 | 35.78% |
| Dec 31, 2024 | 218.27% |
| 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 | 278.84% |
| Sep 30, 2022 | 32.77% |
| Jun 30, 2022 | 31.58% |
| Mar 31, 2022 | 29.47% |
| Dec 31, 2021 | 220.90% |
| Sep 30, 2021 | 32.37% |