Trane Technologies plc (TT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,500,200 | 3,380,200 | 3,219,800 | 3,071,000 | 2,894,000 | 2,787,000 | 2,662,300 | 2,487,500 | 2,418,900 | 2,274,000 | 2,117,900 | 2,058,300 | 2,023,300 | 1,975,600 | 1,959,100 | 1,731,600 | 1,532,800 | 1,475,000 | 1,444,600 | 1,588,000 |
| 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 |
| Operating profit margin | 17.67% | 17.51% | 17.23% | 17.04% | 16.61% | 16.32% | 16.07% | 15.49% | 15.36% | 14.91% | 14.51% | 14.46% | 14.56% | 14.64% | 14.77% | 13.77% | 12.57% | 11.20% | 10.31% | 10.31% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,500,200K ÷ $19,814,000K
= 17.67%
Trane Technologies plc has shown a consistent improvement in its operating profit margin over the period from March 31, 2020, to December 31, 2024. The operating profit margin has gradually increased from 10.31% in March 2020 to 17.67% in December 2024. This indicates that the company has been able to effectively control its operating expenses relative to its revenue, resulting in a higher percentage of profit from its core operations over time. The rising trend in the operating profit margin reflects improvements in the company's operational efficiency and profitability, which could be attributed to factors such as cost management initiatives, revenue growth, or economies of scale. Overall, Trane Technologies plc has demonstrated a positive trajectory in its operating performance based on the increasing trend in its operating profit margin.
See also:
Trane Technologies plc Operating Profit Margin (Quarterly Data)