Stock Analysis on Net
Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Trane Technologies plc, net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net earnings (loss) attributable to Trane Technologies plc1 ÷ Net revenues1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
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Dec 31, 2015 = 100 × ÷
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Dec 31, 2013 = 100 × ÷
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Dec 31, 2011 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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

Net Earnings (Loss) Attributable
The net earnings exhibited considerable volatility over the analyzed period. Starting at approximately 1.05 billion USD in 2005, earnings experienced a sharp decline in 2008 with a reported loss of about 2.62 billion USD. Post-2008, earnings gradually recovered with fluctuations but remained positive, reaching over 1.75 billion USD by 2022. Notably, the recovery period from 2009 onward showed intermittent growth, with some years experiencing moderate dips, such as in 2020, possibly reflecting external economic pressures.
Net Revenues
Revenues displayed variable trends, beginning at roughly 10.55 billion USD in 2005 and increasing to a peak exceeding 16.5 billion USD in 2019. A significant dip occurred in 2020 where revenues dropped to around 12.45 billion USD, coinciding with the global economic downturn during that year. Following this, revenues rebounded, reaching nearly 16 billion USD by 2022, indicating resilience and recovery in sales performance.
Net Profit Margin
The profit margin trend mirrored the volatility seen in earnings. Margins started at 10% in 2005, peaked dramatically at 45.27% in 2007, then plunged to a negative margin of -19.84% in 2008, highlighting an adverse profitability period. Subsequently, margins stabilized within a moderate range between approximately 2.3% to 10.9% over the following years. From 2010 onwards, the margin remained relatively steady, with slight improvements visible in the later years, culminating in a margin just under 11% in 2022.
Overall Trends and Insights
The financial data reveal that the company faced significant challenges during the 2008 financial crisis, with marked impacts on profitability and earnings. Recovery phases were characterized by gradual improvements in both revenues and margins. Despite some fluctuations, the data suggest compensatory growth in revenues and profit margins in recent years, reflecting resilience and possible operational efficiency enhancements. The temporary decline in 2020 aligns with global economic disruptions, but a strong rebound by 2022 indicates effective adaptation to changing market conditions.

Comparison to Competitors

Trane Technologies plc, net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Trane Technologies plc Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
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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)

Microsoft Excel
Trane Technologies plc Capital Goods
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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)

Microsoft Excel
Trane Technologies plc Industrials
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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).