• Trane Technologies average operating margin for 2023 was 15.89%, a 8.98% increase from 2022.
• Trane Technologies average operating margin for 2022 was 14.58%, a 2.89% increase from 2021.
• Trane Technologies average operating margin for 2021 was 14.17%, a 17.99% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.