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Operating Margin for Trane Technologies (TT)

As of · Reported

Metric

TTM

18.2%

YoY change

+0.96pp

Trough year (1992)

4.6%

Peak year (2025)

18.6%

Operating Margin history chart for Trane Technologies (TT) from 1985 to 2025

Latest: 18.6%

Operating Margin change chart for Trane Technologies (TT) from 1985 to 2025

Latest: +0.96pp

Operating Margin history table for Trane Technologies (TT) from 1985 to 2025

  • 202518.6%+0.96pp
  • 202417.6%+1.27pp
  • 202316.4%+1.25pp
  • 202215.1%+0.81pp
  • 202114.3%+2.01pp
  • 202012.3%-0.47pp
  • 201912.8%+0.52pp
  • 201812.2%+0.52pp
  • 201711.7%-0.14pp
  • 201611.9%+0.91pp
  • 201511.0%+0.07pp
  • 201410.9%+1.95pp
  • 20138.9%-0.19pp
  • 20129.1%-1.14pp
  • 201110.3%+1.09pp
  • 20109.2%+2.80pp
  • 20096.4%-2.90pp
  • 20089.3%-2.79pp
  • 200712.1%-0.56pp
  • 200612.6%-0.28pp
  • 200512.9%+0.99pp
  • 200411.9%+3.12pp
  • 20038.8%+1.63pp
  • 20027.2%+2.26pp
  • 20014.9%-5.99pp
  • 200010.9%-2.90pp
  • 199913.8%+0.96pp
  • 199812.9%+1.26pp
  • 199711.6%+1.40pp
  • 199610.2%+1.52pp
  • 19958.7%+0.31pp
  • 19948.4%+1.12pp
  • 19937.2%+2.62pp
  • 19924.6%-2.99pp
  • 19917.6%-1.94pp
  • 19909.6%-0.92pp
  • 198910.5%+1.03pp
  • 19889.4%-0.69pp
  • 198710.1%+2.45pp
  • 19867.7%-0.01pp
  • 19857.7%—

Operating 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 Operating Margin at Trane Technologies (TT)

According to Trane Technologies's latest reported financial statements, the company's latest reported operating margin is 18.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Trane Technologies (TT) operating margin totalled 18.61% – expanded 1.0 percentage points year-over-year.

The highest annual operating margin of 18.61% was reported in 2025. The lowest in the available history was 4.63% in 1992.

Trane Technologies Operating Margin by Year

Trane Technologies Operating Margin 2025: 18.6%

2025's operating margin for Trane Technologies came in at 18.61%, expanded 1.0 percentage points from 2024. This figure represents the highest annual value in the available history.

Trane Technologies Operating Margin 2024: 17.6%

Trane Technologies posted operating margin of 17.64% in 2024, expanded 1.3 percentage points from 2023.

Trane Technologies Operating Margin 2023: 16.4%

In 2023, Trane Technologies reported operating margin of 16.37%, expanded 1.2 percentage points from 2022.

Trane Technologies Operating Margin 2022: 15.1%

Trane Technologies operating margin in 2022 was 15.13%, expanded 0.8 percentage points from 2021.

Trane Technologies Operating Margin 2021: 14.3%

Trane Technologies operating margin in 2021 was 14.31%.

See more financial history for Trane Technologies (TT).

Sector peers by Operating Margin

Industrials peers of Trane Technologies (TT), ranked by their latest operating margin

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