Trane Technologies (TT) Net Margin (2009 - 2026)
Trane Technologies (TT) posted Net Margin of 14.72% for Q2 2026, up 324.68% on a QoQ basis from 6.55% in Q1 2026, and down 57.0% year-over-year from 34.23% in Q2 2025.
Analysis
Trane Technologies (TT) Net Margin (2009 - 2026) Analysis & Trends
Trane Technologies has reported Net Margin for 18 years, with the latest figure at 14.72% in Q2 2026.
- On a quarterly basis, Net Margin fell 57.0% year-over-year to 14.72% in Q2 2026; TTM through Jun 2026 was 9.26%, a 163.0% increase from a year earlier, with the FY2025 full-year figure at 1.65%, up 188.0% from the prior year.
- Net Margin was 14.72% for Q2 2026 at Trane Technologies, up from 6.55% in the prior quarter.
- The five-year high for Net Margin was 15.29% in Q2 2025, with the low at 14.61% in Q1 2025.
- Average Net Margin over 5 years is 8.57%, with a median of 12.42% recorded in 2022.
- The sharpest annual moves came in 2024 and 2026: Net Margin tumbled 1988 bps in 2024, then jumped 805 bps in 2026.
- Over 5 years, Net Margin stood at 10.9% in 2022, then grew by 5 bps to 11.47% in 2023, then increased by 9 bps to 12.55% in 2024, then fell by 8 bps to 11.6% in 2025, then climbed by 27 bps to 14.72% in 2026.
- The last three Net Margin figures came in at 14.72% (Q2 2026), 6.55% (Q1 2026), and 11.6% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.10 Bn | 95.78 Bn | 2.26 Bn | 14.72% |
| 2 | Johnson Controls International | 87.04 Bn | 86.40 Bn | 2.47 Bn | 11.37% |
| 3 | Comfort Systems Usa | 55.91 Bn | 54.06 Bn | 844.23 Mn | 13.52% |
| 4 | Carrier Global | 46.82 Bn | 45.48 Bn | 1.94 Bn | 7.89% |
| 5 | Lennox International | 12.95 Bn | 12.90 Bn | 539.50 Mn | 17.41% |
| 6 | Modine Manufacturing | 9.57 Bn | 9.49 Bn | - | - |
| 7 | SPX Technologies | 9.39 Bn | 9.22 Bn | 272.80 Mn | 11.55% |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 12.44% |
| 9 | Aaon | 6.31 Bn | 6.31 Bn | 152.49 Mn | 9.04% |
| 10 | Csw Industrials | 4.82 Bn | 4.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.72% |
| Mar 31, 2026 | -6.55% |
| Dec 31, 2025 | 11.60% |
| Sep 30, 2025 | 14.82% |
| Jun 30, 2025 | 15.29% |
| Mar 31, 2025 | -14.61% |
| Dec 31, 2024 | 12.55% |
| Sep 30, 2024 | 14.30% |
| Jun 30, 2024 | 14.32% |
| Mar 31, 2024 | -11.39% |
| Dec 31, 2023 | 11.47% |
| Sep 30, 2023 | 12.95% |
| Jun 30, 2023 | 12.56% |
| Mar 31, 2023 | 8.49% |
| Dec 31, 2022 | 10.90% |
| Sep 30, 2022 | 12.64% |
| Jun 30, 2022 | 12.29% |
| Mar 31, 2022 | 7.85% |
| Dec 31, 2021 | 9.00% |
| Sep 30, 2021 | 10.99% |