TT Trane Technologies margins

  1. Stocks
  2. Industrials
  3. NYSE: TT
  4. Margins
?
Relative Growth: Rel. Growth: 87
Relative Strength: Rel. Strength: 50
Relative Valuation: Rel. Valuation: 29
Relative Profitability: Rel. Profitability: 75
Gross margin
35.4%
Operating margin
17.7%
EBITDA margin
19.2%
Net margin
13.3%

Recent Trane Technologies shows a gross margin of 35.4%, an operating margin of 17.7%, an EBITDA margin of 19.2%, and a net margin of 13.3%. Gross margin led the decline across the available margins, contracting by 0.9 percentage points.

TT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Trane Technologies's margins averaged 35.1% gross, 17.34% operating, 19.02% EBITDA, and 12.83% net. All four current margins are above their three-year averages.

TT margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in gross margin, which fell by 0.9 percentage points. The other available margins also declined.

Gross margin expansion
-0.9pp
Operating margin expansion
-0.6pp
EBITDA margin expansion
-0.8pp
Net margin expansion
-0.5pp

TT Gross margin

Over the last 3 years, the average gross margin for Trane Technologies was 35.1%. Against its three-year average, Trane Technologies's gross margin is currently 35.4%, 0.3 percentage points above its three-year average. Trane Technologies's gross margin ranged from a low of 32.4% in Sep 2023 to a high of 36.4% in Sep 2025.

TT Operating margin

Across the last 3 years, Trane Technologies's operating margin came to 17.34%. Trane Technologies currently reports an operating margin of 17.7%, 0.4 percentage points above its three-year average. Operating margin was highest at 18.7% in Sep 2025 and lowest at 15.8% in Dec 2023.

TT EBITDA margin

The average EBITDA margin for Trane Technologies was 19.02% in the last 3 years. Currently, the current EBITDA margin for Trane Technologies is 19.2%, 0.2 percentage points above its three-year average. The EBITDA margin for Trane Technologies moved between 17.4% in Sep 2023 and 20.3% in Sep 2025.

TT Net margin

Across the last 3 years, Trane Technologies recorded an average net margin of 12.83%. Trane Technologies's current net margin is 13.3% and is 0.5 percentage points above its three-year average. The highest net margin for Trane Technologies was 13.9% in Sep 2025, while the lowest was 11.3% in Sep 2023.

TT margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 35.4%, TT is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.7%, Trane Technologies's gross margin is 8% higher.

TT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Trane Technologies's gross margin?

As of Jun 30, 2026, TT has a gross margin of 35.4%.

What is Trane Technologies's operating margin?

The current operating margin for TT is 17.7% as of Jun 30, 2026.

What is Trane Technologies's EBITDA margin?

For the period ending Jun 30, 2026, TT recorded an EBITDA margin of 19.2%.

What is Trane Technologies's net margin?

For the period ending Jun 30, 2026, TT recorded a net margin of 13.3%.

What are the average margins of TT?

Across the last 3 years, TT averaged 35.1% gross, 17.3% operating, 19.0% EBITDA, and 12.8% net.

What are the highest historical margins of TT?

Looking back across 5 years, TT reached 36.4% gross in Sep 2025, 18.7% operating in Sep 2025, 20.3% EBITDA in Sep 2025, and 13.9% net in Sep 2025.

What are the lowest historical margins of TT?

Looking back across 5 years, TT reached its lowest margins at 30.7% gross in Jun 2022, 14.2% operating in Mar 2022, 16.1% EBITDA in Mar 2022, and 9.8% net in Sep 2021.