Trane Technologies plc (TT) Gross Margin: 35.92%
Is Trane Technologies plc’s gross margin high or low?
Trane Technologies plc's gross margin of 35.92% is in line with its 5-year average of 33.03%, near the high end of its 5-year range (30.54%–36.16%).
As of Wednesday, June 24, 2026. 0.01% below its 12-month average of 35.92%.
TT Gross Margin Chart
Reported annual fiscal-period values; no daily interpolation.
TT Average Gross Margin Chart
TT Current vs Average Gross Margin Chart
TT Gross Margin Metrics
GROSS MARGIN
35.92%
GROSS MARGIN AVG TTM
35.92%
GROSS MARGIN AVG 3Y
34.01%
GROSS MARGIN AVG 5Y
33.03%
GROSS MARGIN AVG 10Y
31.96%
GROSS MARGIN AVG 15Y
30.37%
GROSS MARGIN AVG 20Y
29.53%
CURRENT VS TTM AVG
-0.01%
CURRENT VS 3Y AVG
+5.62%
CURRENT VS 5Y AVG
+8.74%
CURRENT VS 10Y AVG
+12.40%
CURRENT VS 15Y AVG
+18.27%
CURRENT VS 20Y AVG
+21.66%
TT Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $104.86B | 35.92% | 35.92% | 34.01% | 33.03% |
| Quanta Services, Inc. (PWR)vs › | $105.39B | 13.59% | 13.12% | 12.92% | 13.26% |
| Howmet Aerospace Inc. (HWM)vs › | $110.08B | 32.56% | 29.18% | 26.64% | 25.19% |
| Cummins Inc. (CMI)vs › | $96.46B | 25.39% | 25.02% | 24.55% | 24.43% |
| General Dynamics Corporation (GD)vs › | $94.74B | 15.24% | 15.28% | 15.79% | 16.08% |
| Lockheed Martin Corporation (LMT)vs › | $116.13B | 9.82% | 9.95% | 11.25% | 11.96% |
| Bloom Energy Corporation (BE)vs › | $91.59B | 31.11% | 28.24% | 20.92% | 20.68% |
| Parker-Hannifin Corporation (PH)vs › | $119.48B | 37.23% | 36.38% | 33.57% | 31.16% |
| United Parcel Service, Inc. (UPS)vs › | $89.96B | 17.79% | 18.42% | 19.11% | 20.03% |
| Vertiv Holdings Co (VRT)vs › | $120.63B | 36.16% | 34.36% | 31.41% | 30.67% |
Gross Margin Analysis
Gross Margin
35.9%
(Revenue - COGS) / Revenue
Trane Technologies plc Gross Margin Formula & Definition
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
Trane Technologies plc Gross Margin FAQ
- What is the gross margin for Trane Technologies plc (TT)?
- The gross margin for TT stock is 35.92%.
- Is Trane Technologies plc's gross margin high or low?
- Trane Technologies plc's gross margin of 35.92% is in line with its 5-year average of 33.03%, near the high end of its 5-year range (30.54%–36.16%).
- What is the TTM average gross margin for Trane Technologies plc (TT)?
- The TTM average gross margin for TT stock is 35.92%.
- What is the 3Y average gross margin for Trane Technologies plc (TT)?
- The 3Y average gross margin for TT stock is 34.01%.
- What is the 5Y average gross margin for Trane Technologies plc (TT)?
- The 5Y average gross margin for TT stock is 33.03%.
- What is the 10Y average gross margin for Trane Technologies plc (TT)?
- The 10Y average gross margin for TT stock is 31.96%.
- What is the 15Y average gross margin for Trane Technologies plc (TT)?
- The 15Y average gross margin for TT stock is 30.37%.
- What is the 20Y average gross margin for Trane Technologies plc (TT)?
- The 20Y average gross margin for TT stock is 29.53%.
Trane Technologies plc Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 36.16% |
| 2024-12-31 | 35.69% |
| 2023-12-31 | 33.13% |
| 2022-12-31 | 31.05% |
| 2021-12-31 | 31.62% |
| 2020-12-31 | 30.54% |
| 2019-12-31 | 30.80% |
| 2018-12-31 | 30.47% |
| 2017-12-31 | 30.89% |
| 2016-12-31 | 31.10% |
| 2015-12-31 | 30.07% |
| 2014-12-31 | 30.32% |
| 2013-12-31 | 29.38% |
| 2012-12-31 | 28.82% |
| 2011-12-31 | 29.01% |
| 2010-12-31 | 27.99% |
| 2009-12-31 | 26.91% |
| 2008-12-31 | 27.73% |
| 2007-12-31 | 28.43% |
| 2006-12-31 | 26.16% |
| 2005-12-31 | 26.57% |
| 2004-12-31 | 27.04% |
| 2003-12-31 | 24.35% |
| 2002-12-31 | 23.74% |
| 2001-12-31 | 21.71% |
| 2000-12-31 | 25.95% |
| 1999-12-31 | 27.44% |
| 1998-12-31 | 29.98% |
| 1997-12-31 | 29.14% |
| 1996-12-31 | 27.98% |
Related Metrics
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
- Machinery, Tools, Heavy Vehicles, Trains & Ships
- CEO
- David S. Regnery