Trane Technologies plc (TT)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,567,900 | 2,467,900 | 2,322,200 | 2,153,100 | 2,023,900 | 1,958,700 | 1,880,300 | 1,803,400 | 1,756,500 | 1,635,200 | 1,493,000 | 1,448,400 | 1,423,400 | 1,350,300 | 1,345,200 | 1,119,300 | 854,900 | 906,300 | 964,500 | 1,181,800 |
| Revenue (ttm) | US$ in thousands | 19,814,000 | 19,303,200 | 18,684,100 | 18,022,900 | 17,422,900 | 17,077,000 | 16,568,400 | 16,055,800 | 15,750,100 | 15,248,500 | 14,597,800 | 14,234,700 | 13,892,000 | 13,496,200 | 13,266,900 | 12,575,200 | 12,196,000 | 13,164,400 | 14,008,900 | 15,396,900 |
| Net profit margin | 12.96% | 12.78% | 12.43% | 11.95% | 11.62% | 11.47% | 11.35% | 11.23% | 11.15% | 10.72% | 10.23% | 10.18% | 10.25% | 10.01% | 10.14% | 8.90% | 7.01% | 6.88% | 6.88% | 7.68% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,567,900K ÷ $19,814,000K
= 12.96%
The net profit margin of Trane Technologies plc has shown a positive trend over the period from March 31, 2020 to December 31, 2024. The net profit margin increased steadily from 7.68% in March 2020 to 12.96% in December 2024. This indicates that the company has been able to effectively manage its expenses and generate higher profits relative to its revenue over the period under review. The consistent growth in net profit margin reflects the company's efficiency in controlling costs and maximizing profitability. Overall, the increasing trend in net profit margin demonstrates Trane Technologies plc's improving financial performance and ability to generate profits from its operations.