Net Profit Margin
since 2005
Calculation
Trane Technologies plc, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings (loss) attributable to Trane Technologies plc1 | ÷ | Net revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 10.98% | = | 100 | × | 1,756,500) | ÷ | 15,991,700) |
| Dec 31, 2021 | 10.07% | = | 100 | × | 1,423,400) | ÷ | 14,136,400) |
| Dec 31, 2020 | 6.86% | = | 100 | × | 854,900) | ÷ | 12,454,700) |
| Dec 31, 2019 | 8.50% | = | 100 | × | 1,410,900) | ÷ | 16,598,900) |
| Dec 31, 2018 | 8.54% | = | 100 | × | 1,337,600) | ÷ | 15,668,200) |
| Dec 31, 2017 | 9.17% | = | 100 | × | 1,302,600) | ÷ | 14,197,600) |
| Dec 31, 2016 | 10.93% | = | 100 | × | 1,476,200) | ÷ | 13,508,900) |
| Dec 31, 2015 | 5.00% | = | 100 | × | 664,600) | ÷ | 13,300,700) |
| Dec 31, 2014 | 7.23% | = | 100 | × | 931,700) | ÷ | 12,891,400) |
| Dec 31, 2013 | 5.01% | = | 100 | × | 618,800) | ÷ | 12,350,500) |
| Dec 31, 2012 | 7.26% | = | 100 | × | 1,018,600) | ÷ | 14,034,900) |
| Dec 31, 2011 | 2.32% | = | 100 | × | 343,200) | ÷ | 14,782,000) |
| Dec 31, 2010 | 4.56% | = | 100 | × | 642,200) | ÷ | 14,079,100) |
| Dec 31, 2009 | 3.42% | = | 100 | × | 451,300) | ÷ | 13,195,300) |
| Dec 31, 2008 | -19.84% | = | 100 | × | (2,624,800) | ÷ | 13,227,400) |
| Dec 31, 2007 | 45.27% | = | 100 | × | 3,966,700) | ÷ | 8,763,100) |
| Dec 31, 2006 | 9.05% | = | 100 | × | 1,032,500) | ÷ | 11,409,300) |
| Dec 31, 2005 | 10.00% | = | 100 | × | 1,054,200) | ÷ | 10,546,900) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The net profit margin exhibits significant volatility over the analyzed period, characterized by extreme fluctuations between 2007 and 2009, followed by a period of stabilization and a recent upward trajectory in profitability.
- Period of Extreme Volatility (2005–2011)
- Profitability experienced severe instability during this timeframe. After starting at 10.00% in 2005, the net profit margin reached an anomalous peak of 45.27% in 2007. This was followed by a sharp reversal in 2008, where the margin fell to -19.84%, reflecting a substantial net loss. Recovery was gradual between 2009 and 2011, with margins remaining constrained in the 2.32% to 4.56% range.
- Stabilization and Steady Growth (2012–2019)
- A trend of recovery and stabilization is observed starting in 2012. Margins initially fluctuated between 5.00% and 7.26% from 2012 to 2015. A subsequent phase of margin expansion occurred between 2016 and 2019, during which profitability remained consistently high, peaking at 10.93% in 2016 and maintaining a floor of 8.50% through 2019.
- Recent Performance and Recovery (2020–2022)
- A contraction in the net profit margin to 6.86% was recorded in 2020. However, this was followed by a robust recovery over the next two years. The margin climbed to 10.07% in 2021 and reached 10.98% by the end of 2022, indicating a return to peak operational efficiency and strong earnings growth relative to revenue.
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Comparison to Competitors
Trane Technologies plc, net profit margin, long-term trends, comparison to competitors
| Trane Technologies plc | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 10.98% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% | 7.75% |
| Dec 31, 2021 | 10.07% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | 6.86% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | 8.50% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 8.54% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 9.17% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 10.93% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 5.00% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 7.23% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 5.01% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 7.26% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 2.32% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 4.56% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 3.42% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | -19.84% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 45.27% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 9.05% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 10.00% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Trane Technologies plc, net profit margin, long-term trends, comparison to sector (capital goods)
| Trane Technologies plc | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 10.98% | 5.27% |
| Dec 31, 2021 | 10.07% | 3.71% |
| Dec 31, 2020 | 6.86% | 1.85% |
| Dec 31, 2019 | 8.50% | 5.03% |
| Dec 31, 2018 | 8.54% | 2.99% |
| Dec 31, 2017 | 9.17% | 3.41% |
| Dec 31, 2016 | 10.93% | 7.61% |
| Dec 31, 2015 | 5.00% | 4.69% |
| Dec 31, 2014 | 7.23% | 9.51% |
| Dec 31, 2013 | 5.01% | 8.78% |
| Dec 31, 2012 | 7.26% | 8.73% |
| Dec 31, 2011 | 2.32% | 9.04% |
| Dec 31, 2010 | 4.56% | 7.93% |
| Dec 31, 2009 | 3.42% | 6.61% |
| Dec 31, 2008 | -19.84% | 9.45% |
| Dec 31, 2007 | 45.27% | 11.53% |
| Dec 31, 2006 | 9.05% | 10.82% |
| Dec 31, 2005 | 10.00% | 9.72% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Trane Technologies plc, net profit margin, long-term trends, comparison to industry (industrials)
| Trane Technologies plc | Industrials | |
|---|---|---|
| Dec 31, 2022 | 10.98% | 5.04% |
| Dec 31, 2021 | 10.07% | 5.85% |
| Dec 31, 2020 | 6.86% | 0.09% |
| Dec 31, 2019 | 8.50% | 4.11% |
| Dec 31, 2018 | 8.54% | 4.75% |
| Dec 31, 2017 | 9.17% | 5.79% |
| Dec 31, 2016 | 10.93% | 7.43% |
| Dec 31, 2015 | 5.00% | 6.48% |
| Dec 31, 2014 | 7.23% | 8.76% |
| Dec 31, 2013 | 5.01% | 8.23% |
| Dec 31, 2012 | 7.26% | 7.39% |
| Dec 31, 2011 | 2.32% | 8.26% |
| Dec 31, 2010 | 4.56% | 7.48% |
| Dec 31, 2009 | 3.42% | 5.76% |
| Dec 31, 2008 | -19.84% | 7.27% |
| Dec 31, 2007 | 45.27% | 9.56% |
| Dec 31, 2006 | 9.05% | 14.87% |
| Dec 31, 2005 | 10.00% | 3.55% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).