TTM
35.9%
YoY change
+0.47pp
Trough year (2001)
21.7%
Peak year (2025)
36.2%
Latest annual
36.2%
Gross Margin history chart for Trane Technologies (TT) from 1985 to 2025
Latest: 36.2%
Gross Margin change chart for Trane Technologies (TT) from 1985 to 2025
Latest: +0.47pp
Gross Margin history table for Trane Technologies (TT) from 1985 to 2025
| 2025 | 36.2% | +0.47pp | ||
| 2024 | 35.7% | +2.56pp | ||
| 2023 | 33.1% | +2.09pp | ||
| 2022 | 31.0% | -0.57pp | ||
| 2021 | 31.6% | +1.08pp | ||
| 2020 | 30.5% | -0.26pp | ||
| 2019 | 30.8% | +0.33pp | ||
| 2018 | 30.5% | -0.42pp | ||
| 2017 | 30.9% | -0.21pp | ||
| 2016 | 31.1% | +1.03pp | ||
| 2015 | 30.1% | -0.25pp | ||
| 2014 | 30.3% | +0.94pp | ||
| 2013 | 29.4% | +0.56pp | ||
| 2012 | 28.8% | -0.19pp | ||
| 2011 | 29.0% | +1.02pp | ||
| 2010 | 28.0% | +1.09pp | ||
| 2009 | 26.9% | -0.82pp | ||
| 2008 | 27.7% | -0.70pp | ||
| 2007 | 28.4% | +2.26pp | ||
| 2006 | 26.2% | -0.41pp | ||
| 2005 | 26.6% | -0.46pp | ||
| 2004 | 27.0% | +2.68pp | ||
| 2003 | 24.4% | +0.62pp | ||
| 2002 | 23.7% | +2.03pp | ||
| 2001 | 21.7% | -4.24pp | ||
| 2000 | 25.9% | -1.50pp | ||
| 1999 | 27.4% | -2.54pp | ||
| 1998 | 30.0% | +0.84pp | ||
| 1997 | 29.1% | +1.16pp | ||
| 1996 | 28.0% | +0.09pp | ||
| 1995 | 27.9% | -0.12pp | ||
| 1994 | 28.0% | -0.03pp | ||
| 1993 | 28.0% | +1.13pp | ||
| 1992 | 26.9% | -0.13pp | ||
| 1991 | 27.0% | -0.80pp | ||
| 1990 | 27.8% | +0.21pp | ||
| 1989 | 27.6% | +0.05pp | ||
| 1988 | 27.6% | -1.62pp | ||
| 1987 | 29.2% | +1.76pp | ||
| 1986 | 27.4% | +1.01pp | ||
| 1985 | 26.4% | — |
- 202536.2%+0.47pp
- 202435.7%+2.56pp
- 202333.1%+2.09pp
- 202231.0%-0.57pp
- 202131.6%+1.08pp
- 202030.5%-0.26pp
- 201930.8%+0.33pp
- 201830.5%-0.42pp
- 201730.9%-0.21pp
- 201631.1%+1.03pp
- 201530.1%-0.25pp
- 201430.3%+0.94pp
- 201329.4%+0.56pp
- 201228.8%-0.19pp
- 201129.0%+1.02pp
- 201028.0%+1.09pp
- 200926.9%-0.82pp
- 200827.7%-0.70pp
- 200728.4%+2.26pp
- 200626.2%-0.41pp
- 200526.6%-0.46pp
- 200427.0%+2.68pp
- 200324.4%+0.62pp
- 200223.7%+2.03pp
- 200121.7%-4.24pp
- 200025.9%-1.50pp
- 199927.4%-2.54pp
- 199830.0%+0.84pp
- 199729.1%+1.16pp
- 199628.0%+0.09pp
- 199527.9%-0.12pp
- 199428.0%-0.03pp
- 199328.0%+1.13pp
- 199226.9%-0.13pp
- 199127.0%-0.80pp
- 199027.8%+0.21pp
- 198927.6%+0.05pp
- 198827.6%-1.62pp
- 198729.2%+1.76pp
- 198627.4%+1.01pp
- 198526.4%—
Gross Margin values are taken from Trane Technologies's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Trane Technologies (TT)
According to Trane Technologies's latest reported financial statements, the company's latest reported gross margin is 35.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Trane Technologies (TT) most recent annual gross margin stands at 36.16% (2025) – expanded 0.5 percentage points year-over-year.
The highest annual gross margin of 36.16% was reported in 2025. The lowest in the available history was 21.71% in 2001.
Trane Technologies Gross Margin by Year
Trane Technologies Gross Margin 2025: 36.2%
Trane Technologies gross margin in 2025 was 36.16%, expanded 0.5 percentage points from 2024. This figure represents the highest annual value in the available history.
Trane Technologies Gross Margin 2024: 35.7%
2024's gross margin for Trane Technologies came in at 35.69%, expanded 2.6 percentage points from 2023.
Trane Technologies Gross Margin 2023: 33.1%
Trane Technologies posted gross margin of 33.13% in 2023, expanded 2.1 percentage points from 2022.
Trane Technologies Gross Margin 2022: 31.0%
In 2022, Trane Technologies reported gross margin of 31.05%, contracted 0.6 percentage points from 2021.
Trane Technologies Gross Margin 2021: 31.6%
Trane Technologies gross margin in 2021 was 31.62%.
See more financial history for Trane Technologies (TT).
Sector peers by Gross Margin
Industrials peers of Trane Technologies (TT), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
Trane Technologies (TT) Key Financials
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