What are Trane Technologies's profit margins?

Trane Technologies (TT) runs a 31.8% gross margin and a 18.2% operating margin, with a 13.4% net margin.

Where do Trane Technologies's ratios come from?

Every ratio is computed from Trane Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Trane Technologies TT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	18.2%-0.4pp	18.6%-0.2pp	18.8%+0.4pp	18.4%+0.2pp	18.1%+0.5pp
Net margin	13.4%-0.3pp	13.7%-0.2pp	13.9%+0.2pp	13.8%+0.3pp	13.5%+0.5pp
Returns
Return on equity	36%-0.4pp	36.4%-0.4pp	36.8%-1.8pp	38.6%+0.6pp	38.1%+2.5pp
Return on invested capital	31.7%-3.0pp	34.7%+4.0pp	30.7%+5.5pp	25.1%+0.3pp	24.8%-1.7pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	1.1×-0.2×	1.3×0.0×	1.2×+0.1×	1.1×0.0×	1.1×-0.1×
Leverage
Debt-to-equity	0.5×-0.2×	0.6×+0.1×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Net debt / EBITDA	0.9×+0.1×	0.8×-0.2×	1.1×0.0×	1.1×-0.1×	1.2×+0.4×
Per Share
Book value per share	$38.51—	——	$37.10+6.6%	$34.80+5.2%	$33.09—
Valuation
Market capitalization	$92.24B+6.9%	$86.3B-8.1%	$93.89B-1.9%	$95.68B+26.6%	$75.57B-9.1%
Price / earnings	31.8×+2.3×	29.6×-2.5×	32×-1.5×	33.5×+5.9×	27.6×-4.8×
Price / sales	4.3×+0.2×	4×-0.4×	4.5×-0.2×	4.6×+0.9×	3.7×-0.5×
Price / book	10.7×+0.7×	10.1×-1.2×	11.3×-0.9×	12.2×+2.1×	10.1×-1.1×
EV / EBITDA	22.3×+1.6×	20.7×-2.0×	22.7×-1.1×	23.9×+4.1×	19.7×-2.5×
Dividend yield	0.9%0.0pp	1%+0.1pp	0.9%0.0pp	0.8%-0.2pp	1%+0.1pp

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Questions, answered.

What are Trane Technologies's profit margins?: Trane Technologies (TT) runs a 31.8% gross margin and a 18.2% operating margin, with a 13.4% net margin.
Where do Trane Technologies's ratios come from?: Every ratio is computed from Trane Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.