Trane Technologies (TT) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 34.8%
EBITDA Margin: 15.6%
Op. Margin: 15.6%
Net Margin: 11.8%

Op. margin of 15.6% is down 1.8% YoY — costs are rising relative to revenue. Net margin at 11.8% and gross margin of 34.8% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit