Trane Technologies plc (TT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,522,400 | 2,432,500 | 2,301,300 | 2,191,400 | 2,132,400 | 2,003,100 | 1,853,000 | 1,794,600 | 1,756,900 | 1,690,700 | 1,678,700 | 1,413,500 | 1,151,700 | 1,176,700 | 1,225,500 | 1,451,200 | 1,649,500 | 1,636,400 | 1,611,100 | 1,639,200 |
| 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 |
| Pretax margin | 14.48% | 14.24% | 13.89% | 13.65% | 13.54% | 13.14% | 12.69% | 12.61% | 12.65% | 12.53% | 12.65% | 11.24% | 9.44% | 8.94% | 8.75% | 9.43% | 10.09% | 9.92% | 9.94% | 10.22% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,522,400K ÷ $17,422,900K
= 14.48%
Trane Technologies plc has demonstrated a consistent improvement in its pretax margin over the past eight quarters, with a gradual increase from 12.69% in Q1 2022 to 14.52% in Q4 2023. This upward trend indicates the company's ability to effectively control costs and generate earnings before taxes relative to its revenue. The steady improvement in pretax margin reflects a potentially stronger operational efficiency and profitability for Trane Technologies plc over the analyzed period.