Trane Technologies annual gross margin
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2025
Trane Technologies Gross Margin Growth & History (TT)
Trane Technologies's gross margin was 36.16% for fiscal 2025.
View full Trane Technologies company overviewTrane Technologies annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.16% | +0.47 pp |
| 2024 | 2024-12-31 | 35.69% | +2.56 pp |
| 2023 | 2023-12-31 | 33.13% | +2.09 pp |
| 2022 | 2022-12-31 | 31.05% | −0.57 pp |
| 2021 | 2021-12-31 | 31.62% | +1.08 pp |
| 2020 | 2020-12-31 | 30.54% | +0.02 pp |
| 2019 | 2019-12-31 | 30.52% | +0.05 pp |
| 2018 | 2018-12-31 | 30.47% | −0.42 pp |
| 2017 | 2017-12-31 | 30.89% | −0.21 pp |
| 2016 | 2016-12-31 | 31.10% | +0.85 pp |
| 2015 | 2015-12-31 | 30.25% | −0.07 pp |
| 2014 | 2014-12-31 | 30.32% | +0.94 pp |
| 2013 | 2013-12-31 | 29.38% | +0.56 pp |
| 2012 | 2012-12-31 | 28.82% | −8.40 pp |
| 2011 | 2011-12-31 | 37.22% | +9.07 pp |
| 2010 | 2010-12-31 | 28.15% | +0.69 pp |
| 2009 | 2009-12-31 | 27.46% | +0.65 pp |
| 2008 | 2008-12-31 | 26.81% | −1.62 pp |
| 2007 | 2007-12-31 | 28.43% | — |
Trane Technologies quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 35.57% | −2.03 pp |
| Q1 2026 | 2026-03-31 | 34.77% | −1.00 pp |
| Q4 2025 | 2025-12-31 | 34.09% | −1.01 pp |
| Q3 2025 | 2025-09-30 | 36.89% | +0.60 pp |
| Q2 2025 | 2025-06-30 | 37.60% | +1.13 pp |
| Q1 2025 | 2025-03-31 | 35.78% | +1.15 pp |
| Q4 2024 | 2024-12-31 | 35.10% | +1.84 pp |
| Q3 2024 | 2024-09-30 | 36.29% | +2.33 pp |
| Q2 2024 | 2024-06-30 | 36.47% | +2.79 pp |
| Q1 2024 | 2024-03-31 | 34.63% | +3.44 pp |
| Q4 2023 | 2023-12-31 | 33.25% | +3.32 pp |
| Q3 2023 | 2023-09-30 | 33.96% | +1.18 pp |
| Q2 2023 | 2023-06-30 | 33.68% | +2.10 pp |
| Q1 2023 | 2023-03-31 | 31.19% | +1.72 pp |
| Q4 2022 | 2022-12-31 | 29.94% | +0.76 pp |
| Q3 2022 | 2022-09-30 | 32.77% | +0.40 pp |
| Q2 2022 | 2022-06-30 | 31.58% | −1.60 pp |
| Q1 2022 | 2022-03-31 | 29.47% | −2.11 pp |
| Q4 2021 | 2021-12-31 | 29.18% | −0.64 pp |
| Q3 2021 | 2021-09-30 | 32.37% | −0.09 pp |
| Q2 2021 | 2021-06-30 | 33.18% | +2.01 pp |
| Q1 2021 | 2021-03-31 | 31.59% | +3.48 pp |
| Q4 2020 | 2020-12-31 | 29.82% | +1.02 pp |
| Q3 2020 | 2020-09-30 | 32.46% | +0.65 pp |
| Q2 2020 | 2020-06-30 | 31.17% | −0.75 pp |
| Q1 2020 | 2020-03-31 | 28.11% | −0.94 pp |
| Q4 2019 | 2019-12-31 | 28.80% | — |
| Q3 2019 | 2019-09-30 | 31.82% | −0.75 pp |
| Q2 2019 | 2019-06-30 | 31.92% | −0.06 pp |
| Q1 2019 | 2019-03-31 | 29.05% | +0.56 pp |
| Q3 2018 | 2018-09-30 | 32.56% | +0.40 pp |
| Q2 2018 | 2018-06-30 | 31.98% | −0.14 pp |
| Q1 2018 | 2018-03-31 | 28.49% | −0.65 pp |
| Q4 2017 | 2017-12-31 | 29.73% | −0.39 pp |
| Q3 2017 | 2017-09-30 | 32.16% | −0.21 pp |
| Q2 2017 | 2017-06-30 | 32.12% | +0.08 pp |
| Q1 2017 | 2017-03-31 | 29.14% | −0.33 pp |
| Q4 2016 | 2016-12-31 | 30.11% | −0.22 pp |
| Q3 2016 | 2016-09-30 | 32.37% | +0.61 pp |
| Q2 2016 | 2016-06-30 | 32.04% | +1.33 pp |
| Q1 2016 | 2016-03-31 | 29.47% | +1.73 pp |
| Q4 2015 | 2015-12-31 | 30.34% | +0.11 pp |
| Q3 2015 | 2015-09-30 | 31.76% | +0.51 pp |
| Q2 2015 | 2015-06-30 | 30.71% | −0.42 pp |
| Q1 2015 | 2015-03-31 | 27.74% | −0.47 pp |
| Q4 2014 | 2014-12-31 | 30.23% | +1.69 pp |
| Q3 2014 | 2014-09-30 | 31.26% | +0.25 pp |
| Q2 2014 | 2014-06-30 | 31.13% | +1.09 pp |
| Q1 2014 | 2014-03-31 | 28.21% | +0.68 pp |
| Q4 2013 | 2013-12-31 | 28.54% | — |
| Q3 2013 | 2013-09-30 | 31.00% | −0.68 pp |
| Q2 2013 | 2013-06-30 | 30.04% | −0.77 pp |
| Q1 2013 | 2013-03-31 | 27.53% | −1.08 pp |
| Q3 2012 | 2012-09-30 | 31.69% | +1.84 pp |
| Q2 2012 | 2012-06-30 | 30.81% | +0.78 pp |
| Q1 2012 | 2012-03-31 | 28.61% | +0.96 pp |
| Q4 2011 | 2011-12-31 | 62.96% | +35.89 pp |
| Q3 2011 | 2011-09-30 | 29.84% | +0.71 pp |
| Q2 2011 | 2011-06-30 | 30.02% | +1.04 pp |
| Q1 2011 | 2011-03-31 | 27.65% | +0.29 pp |
| Q4 2010 | 2010-12-31 | 27.07% | −1.77 pp |
| Q3 2010 | 2010-09-30 | 29.13% | +0.32 pp |
| Q2 2010 | 2010-06-30 | 28.98% | +1.86 pp |
| Q1 2010 | 2010-03-31 | 27.36% | +2.59 pp |
| Q4 2009 | 2009-12-31 | 28.84% | — |
| Q3 2009 | 2009-09-30 | 28.80% | +3.21 pp |
| Q2 2009 | 2009-06-30 | 27.12% | −1.59 pp |
| Q1 2009 | 2009-03-31 | 24.77% | — |
| Q3 2008 | 2008-09-30 | 25.59% | — |
| Q2 2008 | 2008-06-30 | 28.72% | — |
Trane Technologies gross margin trends
Over the last five fiscal years, Trane Technologies's gross margin increased from 30.54% to 36.16%, a change of +5.62 percentage points. The latest reported quarter, Q2 2026, shows 35.57%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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