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Net margin at other companies

EMCOR Group logo
EMCOR GroupEME
7.5%+0.5pp
Johnson Controls International logo
Johnson Controls InternationalJCI
14.5%+3.7pp
Comfort Systems USA logo
Comfort Systems USAFIX
10.1%+2.9pp
Lennox International logo
Lennox InternationalLII
15.1%-0.1pp
Carrier Global logo
Carrier GlobalCARR
6%-19.8pp
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
14.4%+6.4pp

Other financials

Income statement

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Revenue$5.0B+6.0%
Gross profit$1.7B+3.0%
Operating income$776.1M-5.2%
Net income$584.4M-3.4%
EPS (diluted)$2.62-1.9%

Balance sheet

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Total debt$3.9B-17.8%
Total equity$8.6B+14.7%
Total assets$22.8B+13.1%

Cash flow

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Operating cash flow$626.2M+84.5%
CapEx$79.7M-33.0%
Free cash flow$546.5M+148%

Valuation

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Market cap$104.45B+22.1%
P/E36×+4.8×
P/S4.8×+0.6×

Profitability

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Gross margin31.8%
Operating margin18.2%0.0pp

Returns & leverage

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Return on equity36%-2.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×0.0×

Where this comes from

Calculated from Trane Technologies’s reported figures.

Based on trailing twelve months.

The official record: Trane Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's net margin?
Trane Technologies (TT) reported net margin of 13.4% in Q1 2026.
How has Trane Technologies's net margin changed year-over-year?
Trane Technologies's net margin decreased by 0.4% year-over-year, from 13.5% to 13.4%.
What is the long-term trend for Trane Technologies's net margin?
Over 4 years (2021 to 2025), Trane Technologies's net margin has grown at a 9.2% compound annual growth rate (CAGR), from 38.6% to 54.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.