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
EBITDA margin	19.9%-0.5pp	20.4%-0.2pp	20.6%+0.3pp	20.3%+0.2pp	20%+0.5pp
Free cash flow margin	14.5%+1.3pp	13.2%+1.2pp	12%-1.5pp	13.5%-0.4pp	13.9%0.0pp
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 assets	13.5%-0.5pp	14%+0.2pp	13.9%0.0pp	13.9%0.0pp	13.9%+0.9pp
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×
Quick ratio	0.7×-0.1×	0.9×+0.1×	0.8×+0.1×	0.7×0.0×	0.7×-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×
Debt-to-assets	0.2×-0.1×	0.3×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.9×+0.1×	0.8×-0.2×	1.1×0.0×	1.1×-0.1×	1.2×+0.4×
Interest coverage	17.5×0.0×	17.5×+0.4×	17.1×+1.1×	16×+0.6×	15.5×+0.8×
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%
Enterprise value	$96.16B+6.9%	$89.98B-8.7%	$98.51B-1.8%	$100.29B+24.8%	$80.34B-6.9%
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×
EV / sales	4.5×+0.2×	4.2×-0.5×	4.7×-0.2×	4.8×+0.9×	4×-0.4×
Free cash flow yield	3.4%+0.1pp	3.3%+0.6pp	2.7%-0.2pp	2.9%-0.8pp	3.7%+0.4pp
Earnings yield	3.1%-0.2pp	3.4%+0.3pp	3.1%+0.1pp	3%-0.6pp	3.6%+0.5pp
Dividend yield	0.9%0.0pp	1%+0.1pp	0.9%0.0pp	0.8%-0.2pp	1%+0.1pp
PEG ratio	5.4×+3.2×	2.2×+0.5×	1.7×+0.2×	1.5×+0.4×	1×-0.2×

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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.