Last 47 quarters of trend data · Industrials · Construction
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.74 | 29.59 | 39.77 | 36.86 | 27.91 | 28.11 | 31.55 | 34.71 | 28.67 | 24.92 | 39.50 | 27.84 | 18.65 | 18.75 | 34.58 | 22.23 | 15.47 | 15.03 | 34.70 | 38.26 | 25.69 |
| — | +5.3% | +26.1% | +6.2% | -2.7% | +12.8% | -20.1% | +24.7% | +53.7% | +32.9% | +14.2% | +25.2% | +20.5% | +24.7% | -0.4% | -41.9% | -39.8% | -37.6% | -18.7% | +6.5% | +39.0% | |
| P/S Ratio | 4.81 | 4.31 | 4.68 | 4.23 | 4.12 | 4.28 | 4.07 | 4.31 | 4.07 | 3.54 | 4.09 | 3.17 | 2.40 | 2.34 | 2.90 | 2.40 | 1.94 | 1.83 | 2.70 | 3.41 | 2.80 |
| — | +0.7% | +15.0% | -1.8% | +1.2% | +20.9% | -0.5% | +35.9% | +70.0% | +51.4% | +40.7% | +32.2% | +23.6% | +28.2% | +7.7% | -29.6% | -30.9% | -37.6% | -19.1% | +22.1% | +32.7% | |
| P/B Ratio | 12.06 | 12.68 | 10.80 | 10.12 | 11.34 | 12.53 | 10.15 | 11.21 | 11.64 | 10.80 | 9.97 | 7.99 | 6.96 | 7.00 | 7.01 | 6.38 | 5.77 | 5.32 | 6.02 | 7.73 | 6.43 |
| — | +1.1% | +6.4% | -9.8% | -2.5% | +16.1% | +1.8% | +40.3% | +67.1% | +54.3% | +42.1% | +25.2% | +20.6% | +31.5% | +16.6% | -17.5% | -10.2% | -23.2% | -5.6% | +40.5% | +39.2% | |
| P/FCF | 36.48 | 22.96 | 42.91 | 20.48 | 24.81 | 40.88 | 86.44 | 27.11 | 18.25 | 30.34 | 105.41 | 16.47 | 13.94 | 23.57 | — | 14.55 | 18.77 | 21.70 | — | 37.33 | 28.46 |
| — | -43.8% | -50.4% | -24.4% | +36.0% | +34.7% | -18.0% | +64.6% | +30.9% | +28.7% | — | +13.2% | -25.7% | +8.6% | — | -61.0% | -34.1% | -11.5% | — | +139.9% | +247.2% | |
| EV / EBITDA | 24.91 | 23.20 | 27.51 | 24.70 | 19.58 | 20.26 | 21.84 | 24.09 | 20.64 | 17.61 | 25.14 | 19.26 | 13.24 | 12.43 | 21.77 | 16.10 | 11.43 | 10.87 | 21.32 | 25.05 | 16.71 |
| — | +14.5% | +26.0% | +2.5% | -5.1% | +15.1% | -13.1% | +25.0% | +55.8% | +41.7% | +15.5% | +19.6% | +15.9% | +14.4% | +2.1% | -35.7% | -31.6% | -32.7% | -13.6% | +22.7% | +35.6% | |
| EV / EBIT | 26.57 | 23.20 | 30.49 | 28.20 | 21.39 | 22.22 | 24.72 | 26.88 | 22.41 | 19.47 | 29.95 | 22.22 | 14.83 | 14.62 | 26.11 | 18.44 | 13.05 | 12.11 | 25.61 | 28.47 | 19.01 |
| — | +4.4% | +23.3% | +4.9% | -4.6% | +14.2% | -17.5% | +20.9% | +51.2% | +33.2% | +14.7% | +20.5% | +13.6% | +20.7% | +1.9% | -35.2% | -31.3% | -32.7% | -16.4% | +16.9% | +35.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.2% | 35.6% | 34.8% | 34.1% | 36.9% | 37.6% | 35.8% | 35.1% | 36.3% | 36.5% | 34.6% | 33.3% | 34.0% | 33.7% | 31.2% | 29.9% | 32.8% | 31.6% | 29.5% | 29.2% | 32.4% |
| — | -5.4% | -2.8% | -2.9% | +1.7% | +3.1% | +3.3% | +5.5% | +6.9% | +8.3% | +11.0% | +11.1% | +3.6% | +6.6% | +5.8% | +2.6% | +1.2% | -4.8% | -6.7% | -2.1% | -0.3% | |
| Operating Margin | 18.6% | 19.3% | 15.6% | 15.9% | 20.3% | 20.3% | 17.5% | 16.6% | 18.8% | 19.5% | 15.0% | 15.5% | 17.7% | 18.8% | 12.5% | 14.3% | 16.9% | 17.0% | 11.6% | 12.2% | 15.7% |
| — | -4.9% | -10.6% | -3.9% | +7.8% | +4.0% | +16.2% | +6.6% | +6.4% | +3.5% | +20.7% | +9.1% | +4.6% | +11.0% | +7.7% | +16.8% | +7.9% | -0.2% | -1.2% | +0.0% | -3.3% | |
| Net Margin | 13.7% | 14.6% | 11.8% | 11.5% | 14.8% | 15.2% | 12.9% | 12.4% | 14.2% | 14.2% | 10.3% | 11.4% | 12.8% | 12.5% | 8.4% | 10.8% | 12.5% | 12.2% | 7.8% | 8.9% | 10.9% |
| — | -4.3% | -8.8% | -7.3% | +4.0% | +7.0% | +24.7% | +8.8% | +10.6% | +14.2% | +23.5% | +5.8% | +2.3% | +2.5% | +8.0% | +21.1% | +14.9% | +0.2% | -0.5% | +15.7% | -4.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 36.3% | 10.7% | 6.8% | 7.0% | 10.5% | 11.4% | 8.1% | 8.0% | 10.6% | 10.9% | 6.3% | 7.3% | 9.6% | 9.5% | 5.0% | 7.3% | 9.4% | 8.7% | 4.2% | 5.0% | 6.3% |
| — | -5.7% | -15.8% | -12.8% | -1.2% | +4.6% | +28.7% | +9.0% | +10.0% | +14.8% | +24.4% | +0.3% | +2.1% | +9.5% | +19.1% | +47.2% | +50.6% | +19.0% | +14.7% | +30.5% | -3.5% | |
| ROA | 14.0% | 4.0% | 2.6% | 2.8% | 4.0% | 4.3% | 3.0% | 2.9% | 3.8% | 3.8% | 2.3% | 2.6% | 3.3% | 3.2% | 1.7% | 2.5% | 3.1% | 2.9% | 1.5% | 1.8% | 2.2% |
| — | -6.8% | -11.9% | -6.1% | +6.5% | +11.4% | +33.4% | +11.8% | +13.4% | +19.9% | +32.0% | +7.4% | +7.1% | +10.5% | +17.1% | +39.9% | +39.4% | +12.3% | +11.5% | +29.3% | -2.6% | |
| ROIC | 26.2% | 7.6% | 4.9% | 5.3% | 7.4% | 7.6% | 5.6% | 5.5% | 6.7% | 7.0% | 4.4% | 4.8% | 6.1% | 6.4% | 3.4% | 4.5% | 5.8% | 5.6% | 3.2% | 3.7% | 5.1% |
| — | +0.9% | -11.3% | -3.8% | +10.1% | +8.6% | +26.6% | +13.2% | +10.6% | +9.3% | +27.9% | +7.7% | +5.2% | +13.5% | +9.0% | +20.9% | +13.4% | -2.6% | +0.3% | +8.1% | +4.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.53 | 0.54 | 0.54 | 0.55 | 0.59 | 0.63 | 0.64 | 0.69 | 0.76 | 0.71 | 0.68 | 0.72 | 0.80 | 0.80 | 0.79 | 0.82 | 0.84 | 0.80 | 0.77 | 0.75 |
| — | -9.1% | -15.6% | -15.8% | -20.1% | -22.3% | -10.1% | -6.5% | -3.6% | -5.3% | -11.2% | -13.8% | -12.9% | -5.0% | -1.2% | +2.6% | +10.5% | +9.6% | +2.2% | -5.9% | -9.4% | |
| Debt / EBITDA | 1.09 | 3.80 | 5.26 | 5.07 | 3.68 | 3.66 | 5.20 | 5.28 | 4.71 | 4.66 | 6.73 | 6.16 | 5.05 | 5.16 | 9.00 | 7.30 | 5.87 | 6.12 | 10.40 | 9.46 | 7.38 |
| — | +3.8% | +1.2% | -3.8% | -21.8% | -21.6% | -22.8% | -14.4% | -6.7% | -9.7% | -25.2% | -15.6% | -14.1% | -15.6% | -13.5% | -22.8% | -20.4% | -10.6% | -10.2% | -17.8% | -10.1% | |
| Current Ratio | 1.25 | 1.07 | 1.10 | 1.25 | 1.20 | 1.10 | 1.09 | 1.21 | 1.22 | 1.17 | 1.13 | 1.13 | 1.29 | 1.19 | 1.26 | 1.12 | 1.14 | 1.09 | 1.31 | 1.36 | 1.62 |
| — | -2.8% | +0.6% | +3.4% | -1.4% | -5.7% | -3.5% | +6.5% | -5.3% | -2.0% | -10.2% | +1.2% | +13.6% | +9.7% | -4.2% | -17.6% | -29.9% | -31.1% | -17.3% | -14.4% | -3.1% | |
| Quick Ratio | 0.92 | 0.76 | 0.77 | 0.92 | 0.84 | 0.76 | 0.74 | 0.88 | 0.92 | 0.84 | 0.74 | 0.78 | 0.87 | 0.77 | 0.77 | 0.77 | 0.78 | 0.75 | 0.91 | 1.04 | 1.28 |
| — | +0.6% | +3.6% | +3.6% | -7.8% | -9.5% | +0.3% | +13.5% | +5.2% | +8.2% | -4.4% | +1.1% | +10.9% | +2.6% | -14.7% | -25.8% | -38.6% | -40.8% | -28.0% | -21.1% | -7.3% | |
| Interest Coverage | 17.17 | 22.90 | 14.23 | 14.33 | 20.63 | 19.77 | 13.96 | 13.53 | 16.36 | 17.78 | 10.48 | 11.71 | 14.75 | 13.44 | 7.77 | 10.35 | 12.92 | 12.68 | 6.92 | 8.05 | 9.99 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying TT stock.
Trane Technologies plc's current P/E is 35.7x. The average P/E over the last 4 quarters is 33.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Trane Technologies plc's current operating margin is 18.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Trane Technologies plc's business trajectory between earnings reports.