Trane Technologies TT
NYSE TT
$439.68 -4.49 (-1.01%)
As of: Sep 10, 2026 · 1:20 PM EDT

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

Historic Data

Download Data
DateValue
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%