Trane Technologies (TT) Tax Rate (2009 - 2026)
Trane Technologies (TT) posted quarterly Tax Rate of 18.76% for Q2 2026, down 107.0% year-over-year from 268.0% in Q2 2025, and up 1.27% quarter-over-quarter from 18.52% in Q1 2026.
Trane Technologies (TT) Tax Rate (2009 - 2026) Analysis & Trends
Trane Technologies' Tax Rate history runs 18 years deep, the most recent figure standing at 18.76% for Q2 2026.
- In Q2 2026, Tax Rate fell 107.0% year-over-year to 18.76%; the TTM figure through Jun 2026 stood at 18.99% (up 25.0% YoY), while the FY2025 annual figure was 19.19%, down 17.0% from the prior year.
- Tax Rate for Q2 2026 stood at 18.76%, up from 18.52% in the prior quarter.
- The five-year high for Tax Rate was 22.13% in Q2 2023, with the low at 14.07% in Q4 2022.
- The 5-year median for Tax Rate is 18.74% (2024), against an average of 18.65%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 291 bps in 2022, then jumped 403 bps in 2023.
- Trane Technologies' Tax Rate stood at 14.07% in 2022, then gained by 14 bps to 15.97% in 2023, then grew by 13 bps to 18.03% in 2024, then declined by 8 bps to 16.57% in 2025, then gained by 13 bps to 18.76% in 2026.
- Business Quant data shows TT's Tax Rate at 18.76% in Q2 2026, 18.52% in Q1 2026, and 16.57% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 17.99% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 24.97% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 24.32% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 22.77% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 20.79% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 24.70% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 23.45% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 22.41% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 23.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.76% |
| Jun 30, 2026 | 18.76% |
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 18.52% |
| Mar 31, 2026 | 18.52% |
| Mar 31, 2026 | 18.52% |
| Dec 31, 2025 | 16.57% |
| Dec 31, 2025 | 16.57% |
| Dec 31, 2025 | 16.57% |
| Sep 30, 2025 | 21.21% |
| Sep 30, 2025 | 21.21% |
| Sep 30, 2025 | 21.21% |
| Jun 30, 2025 | 19.83% |
| Jun 30, 2025 | 19.83% |
| Jun 30, 2025 | 19.83% |
| Mar 31, 2025 | 17.92% |
| Mar 31, 2025 | 17.92% |
| Mar 31, 2025 | 17.92% |
| Dec 31, 2024 | 18.03% |
| Dec 31, 2024 | 18.03% |