Trane Technologies plc (TT)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 1,410,900 | 1,368,800 | 1,425,100 | 1,417,100 |
| Revenue (ttm) | US$ in thousands | 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 | 16,343,600 | 16,500,000 | 16,202,200 | 16,044,100 |
| Net profit margin | 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% | 8.63% | 8.30% | 8.80% | 8.83% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,023,900K ÷ $17,422,900K
= 11.62%
To analyze Trane Technologies plc's net profit margin, we examined the trend over the past eight quarters. The net profit margin has shown steady improvement, increasing from 10.01% in Q1 2022 to 11.45% in Q4 2023. This indicates that the company has been effectively managing its expenses and generating profit from its operations. The consistent growth in net profit margin reflects Trane Technologies' ability to convert revenue into profit after accounting for all expenses. Overall, the positive trend in net profit margin suggests improved efficiency and profitability for Trane Technologies plc over the analyzed period.