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%0.0pp	18.6%+1.0pp	18.8%+1.4pp	18.4%+1.3pp	18.1%+1.3pp
Net margin	13.4%-0.1pp	13.7%+0.7pp	13.9%+1.2pp	13.8%+1.4pp	13.5%+1.7pp
EBITDA margin	19.9%-0.1pp	20.4%+0.8pp	20.6%+1.3pp	20.3%+1.2pp	20%+1.2pp
Free cash flow margin	14.5%+0.6pp	13.2%-0.8pp	12%-2.7pp	13.5%+0.4pp	13.9%+1.2pp
Returns
Return on equity	36%-2.0pp	36.4%+0.9pp	36.8%+2.3pp	38.6%+3.5pp	38.1%+4.7pp
Return on assets	13.5%-0.4pp	14%+1.1pp	13.9%+1.5pp	13.9%+2.0pp	13.9%+2.3pp
Return on invested capital	31.7%+6.9pp	34.7%+8.2pp	30.7%+8.2pp	25.1%+3.0pp	24.8%+3.0pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×+0.1×
Liquidity
Current ratio	1.1×0.0×	1.3×0.0×	1.2×0.0×	1.1×-0.1×	1.1×0.0×
Quick ratio	0.7×0.0×	0.9×0.0×	0.8×-0.1×	0.7×-0.1×	0.7×0.0×
Leverage
Debt-to-equity	0.5×-0.2×	0.6×0.0×	0.6×-0.1×	0.6×-0.2×	0.6×-0.1×
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×-0.3×	0.8×0.0×	1.1×-0.3×	1.1×-0.4×	1.2×-0.3×
Interest coverage	17.5×+2.1×	17.5×+2.8×	17.1×+2.8×	16×+2.1×	15.5×+2.4×
Per Share
Book value per share	$38.51+16.4%	——	$37.10+11.4%	$34.80+14.6%	$33.09+10.2%
Valuation
Market capitalization	$92.24B+22.1%	$86.3B+3.8%	$93.89B+6.6%	$95.68B+27.9%	$75.57B+10.7%
Enterprise value	$96.16B+19.7%	$89.98B+4.3%	$98.51B+5.5%	$100.29B+25.3%	$80.34B+9.8%
Price / earnings	31.8×+4.2×	29.6×-2.8×	32×-3.7×	33.5×+1.3×	27.6×-4.1×
Price / sales	4.3×+0.5×	4×-0.1×	4.5×-0.1×	4.6×+0.6×	3.7×0.0×
Price / book	10.7×+0.6×	10.1×-1.1×	11.3×-0.3×	12.2×+1.4×	10.1×+0.2×
EV / EBITDA	22.3×+2.6×	20.7×-1.5×	22.7×-2.2×	23.9×+1.5×	19.7×-1.6×
EV / sales	4.5×+0.5×	4.2×-0.1×	4.7×-0.1×	4.8×+0.6×	4×-0.1×
Free cash flow yield	3.4%-0.3pp	3.3%-0.1pp	2.7%-0.5pp	2.9%-0.4pp	3.7%+0.3pp
Earnings yield	3.1%-0.5pp	3.4%+0.3pp	3.1%+0.3pp	3%-0.1pp	3.6%+0.5pp
Dividend yield	0.9%-0.1pp	1%+0.1pp	0.9%0.0pp	0.8%-0.1pp	1%0.0pp
PEG ratio	5.4×+4.4×	2.2×+1.0×	1.7×+0.3×	1.5×+0.1×	1×-0.6×

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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.