Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 35.39% is in line with its 5-year average of 33.70%, near the high end of its 5-year range (29.18%–37.60%).
1.10% below its 12-month average of 35.78%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 35.57%.
GROSS MARGIN
35.39%
GROSS MARGIN AVG TTM
35.78%
GROSS MARGIN AVG 3Y
35.24%
GROSS MARGIN AVG 5Y
33.70%
GROSS MARGIN AVG 10Y
32.28%
GROSS MARGIN AVG 15Y
31.39%
GROSS MARGIN AVG 20Y
30.49%
CURRENT VS TTM AVG
-1.10%
CURRENT VS 3Y AVG
+0.44%
CURRENT VS 5Y AVG
+5.01%
CURRENT VS 10Y AVG
+9.65%
CURRENT VS 15Y AVG
+12.73%
CURRENT VS 20Y AVG
+16.07%
SECTOR MEDIAN · INDUSTRIALS
30.92%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+14.44%
vs the sector median at left
Trane Technologies plc
Market Cap
$96.49B
Gross Margin
35.39%
TTM Avg
35.78%
3Y Avg
35.24%
5Y Avg
33.70%
Market Cap
$96.75B
Gross Margin
14.42%
TTM Avg
13.12%
3Y Avg
12.92%
5Y Avg
13.26%
Market Cap
$91.78B
Gross Margin
34.44%
TTM Avg
29.18%
3Y Avg
26.64%
5Y Avg
25.19%
Market Cap
$90.99B
Gross Margin
15.38%
TTM Avg
15.28%
3Y Avg
15.79%
5Y Avg
16.08%
Market Cap
$87.42B
Gross Margin
53.16%
TTM Avg
51.81%
3Y Avg
49.57%
5Y Avg
47.39%
Market Cap
$83.12B
Gross Margin
35.04%
TTM Avg
29.07%
3Y Avg
28.39%
5Y Avg
28.01%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $96.49B | 35.39% | 35.78% | 35.24% | 33.70% |
| Quanta Services, Inc. (PWR)vs › | $96.75B | 14.42% | 13.12% | 12.92% | 13.26% |
| Vertiv Holdings Co (VRT)vs › | $94.44B | 37.52% | 34.36% | 31.41% | 30.67% |
| Howmet Aerospace Inc. (HWM)vs › | $91.78B | 34.44% | 29.18% | 26.64% | 25.19% |
| General Dynamics Corporation (GD)vs › | $90.99B | 15.38% | 15.28% | 15.79% | 16.08% |
| Emerson Electric Co. (EMR)vs › | $87.42B | 53.16% | 51.81% | 49.57% | 47.39% |
| CSX Corporation (CSX)vs › | $86.97B | 33.25% | 35.56% | 36.96% | 38.67% |
| 3M Company (MMM)vs › | $86.39B | 39.40% | 40.28% | 40.80% | 43.11% |
| Waste Management, Inc. (WM)vs › | $83.12B | 35.04% | 29.07% | 28.39% | 28.01% |
| Cintas Corporation (CTAS)vs › | $79.11B | 50.67% | 50.29% | 49.19% | 48.26% |
Gross Margin
35.4%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 35.57% |
| 2026-03-31 | 34.77% |
| 2025-12-31 | 34.09% |
| 2025-09-30 | 36.89% |
| 2025-06-30 | 37.60% |
| 2025-03-31 | 35.78% |
| 2024-12-31 | 35.10% |
| 2024-09-30 | 36.29% |
| 2024-06-30 | 36.47% |
| 2024-03-31 | 34.63% |
| 2023-12-31 | 33.26% |
| 2023-09-30 | 33.96% |
| 2023-06-30 | 33.68% |
| 2023-03-31 | 31.19% |
| 2022-12-31 | 29.93% |
| 2022-09-30 | 32.77% |
| 2022-06-30 | 31.58% |
| 2022-03-31 | 29.47% |
| 2021-12-31 | 29.18% |
| 2021-09-30 | 32.37% |
| 2021-06-30 | 33.18% |
| 2021-03-31 | 31.59% |
| 2020-12-31 | 29.82% |
| 2020-09-30 | 32.46% |
| 2020-06-30 | 31.17% |
| 2020-03-31 | 28.11% |
| 2019-12-31 | 29.10% |
| 2019-09-30 | 32.22% |
| 2019-06-30 | 32.20% |
| 2019-03-31 | 29.05% |
| 2018-12-31 | 29.53% |
| 2018-09-30 | 32.56% |
| 2018-06-30 | 31.98% |
| 2018-03-31 | 28.49% |
| 2017-12-31 | 29.73% |
| 2017-09-30 | 32.16% |
| 2017-06-30 | 32.12% |
| 2017-03-31 | 29.14% |
| 2016-12-31 | 30.00% |
| 2016-09-30 | 32.21% |
| 2016-06-30 | 31.88% |
| 2016-03-31 | 29.47% |
| 2015-12-31 | 29.61% |
| 2015-09-30 | 31.76% |
| 2015-06-30 | 30.71% |
| 2015-03-31 | 27.74% |
| 2014-12-31 | 30.22% |
| 2014-09-30 | 31.26% |
| 2014-06-30 | 31.13% |
| 2014-03-31 | 28.21% |
| 2013-12-31 | 28.62% |
| 2013-09-30 | 31.00% |
| 2013-06-30 | 30.04% |
| 2013-03-31 | 27.92% |
| 2012-12-31 | 30.54% |
| 2012-09-30 | 31.69% |
| 2012-06-30 | 30.81% |
| 2012-03-31 | 28.61% |
| 2011-12-31 | 28.75% |
| 2011-09-30 | 29.44% |
| 2011-06-30 | 30.41% |
| 2011-03-31 | 28.30% |
| 2010-12-31 | 27.24% |
| 2010-09-30 | 28.92% |
| 2010-06-30 | 28.29% |
| 2010-03-31 | 26.41% |
| 2009-12-31 | 27.05% |
| 2009-09-30 | 28.60% |
| 2009-06-30 | 26.87% |
| 2009-03-31 | 24.77% |
| 2008-12-31 | 23.66% |
| 2008-09-30 | 25.59% |
| 2008-06-30 | 28.72% |
| 2008-03-31 | 28.77% |
| 2007-12-31 | 28.63% |
| 2007-09-30 | 28.17% |
| 2007-06-30 | 28.54% |
| 2007-03-31 | 28.35% |
| 2006-12-31 | 25.03% |
| 2006-09-30 | 28.10% |
| 2006-06-30 | 28.56% |
| 2006-03-31 | 26.63% |
| 2005-12-31 | 26.52% |
| 2005-09-30 | 26.56% |
| 2005-06-30 | 26.83% |
| 2005-03-31 | 26.36% |
| 2004-12-31 | 27.71% |
| 2004-09-30 | 26.57% |
| 2004-06-30 | 27.06% |
| 2004-03-31 | 26.75% |
| 2003-12-31 | 25.98% |
| 2003-09-30 | 26.18% |
| 2003-06-30 | 24.29% |
| 2003-03-31 | 23.07% |
| 2002-12-31 | 28.18% |
| 2002-09-30 | 23.40% |
