Trane Technologies plc (TT) closed fiscal year 2025 with a gross margin of 36.2 % and a net margin of 13.7 %.
Trane Technologies plc (TT) closed fiscal year 2025 with a gross margin of 36.2 % and a net margin of 13.7 %. The same year shows an EBITDA margin of 20.4 % and an EBIT margin of 18.6 %. The free cash flow margin was 13.2 %. Against the previous year the gross margin moved +0.5 pp and the net margin +0.7 pp. Across the period the gross margin ranges between 26.8 % in 2008 and 37.2 % in 2011. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 28.43 % | 26.81 % | 27.46 % | 28.15 % | 37.22 % | 28.82 % | 29.38 % | 30.32 % | 30.25 % | 31.10 % | 30.89 % | 30.47 % | 30.52 % | 30.54 % | — | 31.05 % | 33.13 % | 35.69 % | 36.16 % |
| EBITDA margin (%) | 13.65 % | -15.89 % | 10.04 % | 12.13 % | 5.39 % | 11.73 % | 11.65 % | 13.47 % | 13.95 % | 14.47 % | 14.22 % | 14.54 % | 14.98 % | 14.67 % | 16.43 % | 17.15 % | 18.34 % | 19.56 % | 20.37 % |
| EBIT margin (%) | 12.07 % | -19.33 % | 6.80 % | 9.01 % | 2.97 % | 8.94 % | 8.95 % | 10.90 % | 11.22 % | 11.87 % | 11.73 % | 12.25 % | 12.77 % | 12.31 % | 14.31 % | 15.13 % | 16.37 % | 17.64 % | 18.61 % |
| Net margin (%) | 45.27 % | -20.12 % | 3.47 % | 4.59 % | 2.32 % | 8.50 % | 5.01 % | 7.23 % | 5.00 % | 10.93 % | 9.17 % | 10.84 % | 10.79 % | 6.86 % | 10.07 % | 10.98 % | 11.45 % | 12.94 % | 13.69 % |
| FCF margin (%) | 8.92 % | 0.33 % | 11.76 % | 3.68 % | 6.56 % | 7.94 % | 6.88 % | 5.74 % | 4.80 % | 9.91 % | 9.17 % | 9.10 % | 13.11 % | 10.35 % | 9.66 % | 7.58 % | 11.82 % | 13.99 % | 13.19 % |
