Trane Technologies plc (TT)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,567,900 | 2,023,900 | 1,756,500 | 1,423,400 | 854,900 |
| Revenue | US$ in thousands | 19,814,100 | 17,423,000 | 15,750,300 | 13,892,000 | 12,196,000 |
| Net profit margin | 12.96% | 11.62% | 11.15% | 10.25% | 7.01% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,567,900K ÷ $19,814,100K
= 12.96%
Trane Technologies plc has demonstrated a positive trend in its net profit margin over the past five years, indicating efficient cost management and profitability. The net profit margin has steadily increased from 7.01% in December 2020 to 12.96% in December 2024. This upward trajectory reflects the company's ability to generate more profit from its revenue after accounting for all expenses. The company's improving net profit margin suggests effective control over costs and potentially increasing operational efficiency. Overall, the trend in Trane Technologies plc's net profit margin highlights a positive financial performance and management's success in maximizing profits relative to its revenue.