Trane Technologies plc (TT)

Pretax margin

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 3,678,600 3,241,800 2,567,300 2,172,100 1,790,700
Revenue US$ in thousands 21,321,900 19,838,200 17,677,600 15,991,700 14,136,400
Pretax margin 17.25% 16.34% 14.52% 13.58% 12.67%

December 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $3,678,600K ÷ $21,321,900K
= 17.25%