Trane Technologies annual operating margin
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2025
Trane Technologies Operating Margin Growth & History (TT)
Trane Technologies's operating margin was 18.61% for fiscal 2025.
View full Trane Technologies company overviewTrane Technologies annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.61% | +0.96 pp |
| 2024 | 2024-12-31 | 17.64% | +1.27 pp |
| 2023 | 2023-12-31 | 16.37% | +1.25 pp |
| 2022 | 2022-12-31 | 15.13% | +0.81 pp |
| 2021 | 2021-12-31 | 14.31% | +2.01 pp |
| 2020 | 2020-12-31 | 12.31% | −0.47 pp |
| 2019 | 2019-12-31 | 12.77% | +0.52 pp |
| 2018 | 2018-12-31 | 12.25% | +0.52 pp |
| 2017 | 2017-12-31 | 11.73% | −0.14 pp |
| 2016 | 2016-12-31 | 11.87% | +0.65 pp |
| 2015 | 2015-12-31 | 11.22% | +0.32 pp |
| 2014 | 2014-12-31 | 10.90% | +1.95 pp |
| 2013 | 2013-12-31 | 8.95% | +0.01 pp |
| 2012 | 2012-12-31 | 8.94% | +5.97 pp |
| 2011 | 2011-12-31 | 2.97% | −6.04 pp |
| 2010 | 2010-12-31 | 9.01% | +2.20 pp |
| 2009 | 2009-12-31 | 6.80% | +26.13 pp |
| 2008 | 2008-12-31 | −19.33% | −31.40 pp |
| 2007 | 2007-12-31 | 12.07% | — |
Trane Technologies quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 19.27% | −0.99 pp |
| Q1 2026 | 2026-03-31 | 15.62% | −1.85 pp |
| Q4 2025 | 2025-12-31 | 15.92% | −0.65 pp |
| Q3 2025 | 2025-09-30 | 20.29% | +1.46 pp |
| Q2 2025 | 2025-06-30 | 20.26% | +0.77 pp |
| Q1 2025 | 2025-03-31 | 17.47% | +2.43 pp |
| Q4 2024 | 2024-12-31 | 16.57% | +1.03 pp |
| Q3 2024 | 2024-09-30 | 18.83% | +1.13 pp |
| Q2 2024 | 2024-06-30 | 19.49% | +0.67 pp |
| Q1 2024 | 2024-03-31 | 15.03% | +2.57 pp |
| Q4 2023 | 2023-12-31 | 15.54% | +1.29 pp |
| Q3 2023 | 2023-09-30 | 17.70% | +0.78 pp |
| Q2 2023 | 2023-06-30 | 18.82% | +1.86 pp |
| Q1 2023 | 2023-03-31 | 12.46% | +0.89 pp |
| Q4 2022 | 2022-12-31 | 14.25% | +2.04 pp |
| Q3 2022 | 2022-09-30 | 16.91% | +1.23 pp |
| Q2 2022 | 2022-06-30 | 16.96% | −0.04 pp |
| Q1 2022 | 2022-03-31 | 11.57% | −0.14 pp |
| Q4 2021 | 2021-12-31 | 12.21% | +0.00 pp |
| Q3 2021 | 2021-09-30 | 15.68% | −0.53 pp |
| Q2 2021 | 2021-06-30 | 17.00% | +3.51 pp |
| Q1 2021 | 2021-03-31 | 11.70% | +5.86 pp |
| Q4 2020 | 2020-12-31 | 12.20% | +1.83 pp |
| Q3 2020 | 2020-09-30 | 16.22% | +0.76 pp |
| Q2 2020 | 2020-06-30 | 13.49% | −2.18 pp |
| Q1 2020 | 2020-03-31 | 5.85% | −2.59 pp |
| Q4 2019 | 2019-12-31 | 10.37% | +3.12 pp |
| Q3 2019 | 2019-09-30 | 15.46% | +0.89 pp |
| Q2 2019 | 2019-06-30 | 15.67% | +0.98 pp |
| Q1 2019 | 2019-03-31 | 8.44% | +1.24 pp |
| Q4 2018 | 2018-12-31 | 7.25% | −3.43 pp |
| Q3 2018 | 2018-09-30 | 14.56% | +0.77 pp |
| Q2 2018 | 2018-06-30 | 14.69% | +0.43 pp |
| Q1 2018 | 2018-03-31 | 7.19% | +0.03 pp |
| Q4 2017 | 2017-12-31 | 10.69% | +0.18 pp |
| Q3 2017 | 2017-09-30 | 13.79% | −0.55 pp |
| Q2 2017 | 2017-06-30 | 14.27% | +0.35 pp |
| Q1 2017 | 2017-03-31 | 7.17% | −0.62 pp |
| Q4 2016 | 2016-12-31 | 10.50% | −1.31 pp |
| Q3 2016 | 2016-09-30 | 14.34% | +0.71 pp |
| Q2 2016 | 2016-06-30 | 13.92% | +1.36 pp |
| Q1 2016 | 2016-03-31 | 7.79% | +1.86 pp |
| Q4 2015 | 2015-12-31 | 11.82% | +1.13 pp |
| Q3 2015 | 2015-09-30 | 13.63% | +0.64 pp |
| Q2 2015 | 2015-06-30 | 12.56% | −0.52 pp |
| Q1 2015 | 2015-03-31 | 5.92% | +0.23 pp |
| Q4 2014 | 2014-12-31 | 10.69% | +3.65 pp |
| Q3 2014 | 2014-09-30 | 13.00% | +1.19 pp |
| Q2 2014 | 2014-06-30 | 13.08% | +1.67 pp |
| Q1 2014 | 2014-03-31 | 5.69% | +1.15 pp |
| Q4 2013 | 2013-12-31 | 7.03% | +11.66 pp |
| Q3 2013 | 2013-09-30 | 11.81% | −0.66 pp |
| Q2 2013 | 2013-06-30 | 11.40% | −1.10 pp |
| Q1 2013 | 2013-03-31 | 4.55% | −2.18 pp |
| Q4 2012 | 2012-12-31 | −4.62% | −2.26 pp |
| Q3 2012 | 2012-09-30 | 12.46% | +7.87 pp |
| Q2 2012 | 2012-06-30 | 12.51% | +5.21 pp |
| Q1 2012 | 2012-03-31 | 6.73% | +5.45 pp |
| Q4 2011 | 2011-12-31 | −2.36% | −11.00 pp |
| Q3 2011 | 2011-09-30 | 4.59% | −6.42 pp |
| Q2 2011 | 2011-06-30 | 7.30% | −3.14 pp |
| Q1 2011 | 2011-03-31 | 1.28% | −3.77 pp |
| Q4 2010 | 2010-12-31 | 8.65% | +0.70 pp |
| Q3 2010 | 2010-09-30 | 11.01% | +1.63 pp |
| Q2 2010 | 2010-06-30 | 10.44% | +2.93 pp |
| Q1 2010 | 2010-03-31 | 5.04% | +3.34 pp |
| Q4 2009 | 2009-12-31 | 7.95% | −0.11 pp |
| Q3 2009 | 2009-09-30 | 9.38% | −2.35 pp |
| Q2 2009 | 2009-06-30 | 7.51% | — |
| Q1 2009 | 2009-03-31 | 1.70% | — |
| Q3 2008 | 2008-09-30 | 8.05% | — |
| Q2 2008 | 2008-06-30 | 11.74% | — |
Trane Technologies operating margin trends
Over the last five reported fiscal years, Trane Technologies's operating margin increased from 12.31% to 18.61%, a change of +6.30 percentage points. The latest reported quarter, Q2 2026, shows 19.27%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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.
Review Trane Technologies filings at SEC.gov ↗