Operating Margin: 15.62%
Is the operating margin high or low?
The operating margin of 15.62% is in line with its 5-year average of 16.20%, around the middle of its 5-year range (11.57%–20.29%).
As of Thursday, June 25, 2026. 12.81% below its 12-month average of 17.91%.
TT Operating Margin
Reported quarterly operating margin; no daily interpolation.
TT Average Operating Margin Chart
TT Current vs Average Operating Margin Chart
TT Operating Margin Metrics
OPERATING MARGIN
15.62%
OPERATING MARGIN AVG TTM
17.91%
OPERATING MARGIN AVG 3Y
17.23%
OPERATING MARGIN AVG 5Y
16.20%
OPERATING MARGIN AVG 10Y
14.10%
OPERATING MARGIN AVG 15Y
12.71%
OPERATING MARGIN AVG 20Y
12.24%
CURRENT VS TTM AVG
-12.81%
CURRENT VS 3Y AVG
-9.36%
CURRENT VS 5Y AVG
-3.62%
CURRENT VS 10Y AVG
+10.79%
CURRENT VS 15Y AVG
+22.84%
CURRENT VS 20Y AVG
+27.58%
TT Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $111.34B | 15.62% | 17.91% | 17.23% | 16.20% |
| Howmet Aerospace Inc. (HWM)vs › | $110.45B | 27.53% | 24.16% | 21.33% | 19.81% |
| Lockheed Martin Corporation (LMT)vs › | $113.35B | 9.88% | 10.09% | 11.35% | 12.04% |
| Quanta Services, Inc. (PWR)vs › | $106.47B | 5.76% | 5.71% | 5.61% | 5.56% |
| Parker-Hannifin Corporation (PH)vs › | $121.18B | 20.87% | 20.02% | 18.67% | 17.65% |
| Vertiv Holdings Co (VRT)vs › | $125.40B | 18.54% | 17.88% | 13.21% | 10.99% |
| Cummins Inc. (CMI)vs › | $95.88B | 11.24% | 11.24% | 9.52% | 10.13% |
| General Dynamics Corporation (GD)vs › | $93.11B | 10.24% | 10.12% | 10.24% | 10.45% |
| Bloom Energy Corporation (BE)vs › | $92.78B | 8.24% | 2.58% | -8.07% | -9.18% |
| United Parcel Service, Inc. (UPS)vs › | $90.22B | 8.46% | 9.21% | 10.43% | 10.75% |
Operating Efficiency
Gross Margin
35.9%
Operating Margin
15.6%
Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Operating Margin FAQ
- What is the operating margin for Trane Technologies plc (TT)?
- The operating margin for TT stock is 15.62%.
- Is Trane Technologies plc's operating margin high or low?
- The operating margin of 15.62% is in line with its 5-year average of 16.20%, around the middle of its 5-year range (11.57%–20.29%).
- What is the TTM average operating margin for Trane Technologies plc (TT)?
- The TTM average operating margin for TT stock is 17.91%.
- What is the 3Y average operating margin for Trane Technologies plc (TT)?
- The 3Y average operating margin for TT stock is 17.23%.
- What is the 5Y average operating margin for Trane Technologies plc (TT)?
- The 5Y average operating margin for TT stock is 16.20%.
- What is the 10Y average operating margin for Trane Technologies plc (TT)?
- The 10Y average operating margin for TT stock is 14.10%.
- What is the 15Y average operating margin for Trane Technologies plc (TT)?
- The 15Y average operating margin for TT stock is 12.71%.
- What is the 20Y average operating margin for Trane Technologies plc (TT)?
- The 20Y average operating margin for TT stock is 12.24%.
TT Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 15.62% |
| 2025-12-31 | 15.92% |
| 2025-09-30 | 20.29% |
| 2025-06-30 | 20.26% |
| 2025-03-31 | 17.47% |
| 2024-12-31 | 16.57% |
| 2024-09-30 | 18.83% |
| 2024-06-30 | 19.49% |
| 2024-03-31 | 15.03% |
| 2023-12-31 | 15.54% |
| 2023-09-30 | 17.70% |
| 2023-06-30 | 18.82% |
| 2023-03-31 | 12.46% |
| 2022-12-31 | 14.25% |
| 2022-09-30 | 16.91% |
| 2022-06-30 | 16.96% |
| 2022-03-31 | 11.57% |
| 2021-12-31 | 12.21% |
| 2021-09-30 | 15.68% |
| 2021-06-30 | 17.00% |
| 2021-03-31 | 11.70% |
| 2020-12-31 | 12.20% |
| 2020-09-30 | 16.22% |
| 2020-06-30 | 13.49% |
| 2020-03-31 | 5.85% |
| 2019-12-31 | 10.37% |
| 2019-09-30 | 15.46% |
| 2019-06-30 | 15.67% |
| 2019-03-31 | 8.44% |
| 2018-12-31 | 11.47% |
| 2018-09-30 | 14.56% |
| 2018-06-30 | 14.69% |
| 2018-03-31 | 7.19% |
| 2017-12-31 | 10.69% |
| 2017-09-30 | 13.79% |
| 2017-06-30 | 14.27% |
| 2017-03-31 | 7.17% |
| 2016-12-31 | 10.33% |
| 2016-09-30 | 14.12% |
| 2016-06-30 | 13.92% |
| 2016-03-31 | 7.79% |
| 2015-12-31 | 10.80% |
| 2015-09-30 | 13.63% |
| 2015-06-30 | 12.56% |
| 2015-03-31 | 5.92% |
| 2014-12-31 | 10.69% |
| 2014-09-30 | 13.00% |
| 2014-06-30 | 13.08% |
| 2014-03-31 | 5.69% |
| 2013-12-31 | 7.03% |
| 2013-09-30 | 11.81% |
| 2013-06-30 | 11.60% |
| 2013-03-31 | 5.38% |
| 2012-12-31 | 10.59% |
| 2012-09-30 | 12.46% |
| 2012-06-30 | 12.51% |
| 2012-03-31 | 6.73% |
| 2011-12-31 | 9.89% |
| 2011-09-30 | 4.57% |
| 2011-06-30 | 12.22% |
| 2011-03-31 | 7.39% |
| 2010-12-31 | 8.45% |
| 2010-09-30 | 10.94% |
| 2010-06-30 | 10.34% |
| 2010-03-31 | 10.06% |
| 2009-12-31 | 6.74% |
| 2009-09-30 | 9.14% |
| 2009-06-30 | 7.21% |
| 2009-03-31 | 1.70% |
| 2008-12-31 | -96.18% |
| 2008-09-30 | 8.05% |
| 2008-06-30 | 11.74% |
| 2008-03-31 | 11.42% |
| 2007-12-31 | 12.86% |
| 2007-09-30 | 12.34% |
| 2007-06-30 | 12.32% |
| 2007-03-31 | 10.56% |
| 2006-12-31 | 11.26% |
| 2006-09-30 | 13.19% |
| 2006-06-30 | 12.33% |
| 2006-03-31 | 12.58% |
| 2005-12-31 | 12.74% |
| 2005-09-30 | 13.00% |
| 2005-06-30 | 13.74% |
| 2005-03-31 | 12.07% |
| 2004-12-31 | 12.11% |
| 2004-09-30 | 11.75% |
| 2004-06-30 | 13.04% |
| 2004-03-31 | 10.63% |
| 2003-12-31 | 9.95% |
| 2003-09-30 | 10.18% |
| 2003-06-30 | 8.44% |
| 2003-03-31 | 7.08% |
| 2002-12-31 | 8.86% |
| 2002-09-30 | 6.76% |
| 2002-06-30 | 7.98% |
About Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David S. Regnery