CNH vs. TT: CNH Industrial vs. Trane Technologies Stock Comparison

November 11, 2026

How do CNH Industrial (CNH) and Trane Technologies (TT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CNH Industrial (CNH) and Trane Technologies (TT) both fall under the Capital Goods industry group, but CNH is classified in Machinery while TT is classified in Building Products.

Company profile comparison for CNH Industrial (CNH) and Trane Technologies (TT)
Profile Item	CNH	TT
Name	CNH Industrial N.V.	Trane Technologies plc
Country/Region	United Kingdom	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Building Products
GICS Sub-Industry	Agricultural & Farm Machinery	Building Products
Market Capitalization	18.59 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 30, 2013	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CNH

GSPC

CNH Industrial (CNH) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for CNH Industrial (CNH) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for CNH Industrial (CNH) and Trane Technologies (TT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Total Return (1Y)	38.02%	-2.56%
Total Return (3Y, Annualized)	11.70%	25.06%
Total Return (5Y, Annualized)	-0.45%	18.70%

Risk Profile

Drawdown History

CNH

GSPC

CNH Industrial (CNH) vs. Trane Technologies (TT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for CNH Industrial (CNH) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Volatility (1Y, Annualized)	45.52%	30.26%
Beta (5Y)	1.19	1.18
Max Drawdown (5Y)	-43.80%	-39.76%
Avg. Volume (3M)	18.71M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

CNH and TT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Sharpe Ratio (1Y)	0.74	-0.23
Sortino Ratio (1Y)	1.25	-0.31

Profitability

ROE (TTM)

Trane Technologies (TT) at 36.94% sits in the top ROE quartile, while CNH Industrial (CNH) at 3.91% is in the bottom quartile, showing a clear gap in returns on equity.

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
Min: -17.12%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Trane Technologies (TT) at 13.56% retains a top-quartile share of revenue as profit, ahead of CNH Industrial (CNH) at 1.71%, which keeps about the industry-typical share.

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
Q1: 1.40%
Min: -12.89%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Trane Technologies (TT) at 19.85% operates in the top operating margin quartile, ahead of CNH Industrial (CNH) at 5.54%, which runs around its industry’s norm.

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
Q1: 5.14%
Min: -12.63%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
ROE (TTM)	3.91%	36.94%
ROA (TTM)	0.87%	11.42%
Net Margin (TTM)	1.71%	13.56%
Operating Margin (TTM)	5.54%	19.85%
Gross Margin (TTM)	17.76%	34.99%

Growth

Revenue Growth

Trane Technologies (TT) at 7.48% is around its peer norm for revenue growth, while CNH Industrial (CNH) at -8.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Trane Technologies (TT) at 15.48% is around its peer norm for EPS growth, while CNH Industrial (CNH) at -58.59% drops into the bottom quartile, signaling weaker earnings momentum.

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Revenue Growth (YoY)	-8.78%	7.48%
Revenue Growth (3Y CAGR)	-8.41%	10.06%
EPS Growth (YoY)	-58.59%	15.48%
EPS Growth (3Y CAGR)	-34.96%	20.17%

Financial Strength

Current Ratio (MRQ)

CNH Industrial (CNH) at 4.88 carries current ratio above its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Trane Technologies (TT) at 0.46 is near its industry mid-range for debt-to-equity ratio, while CNH Industrial (CNH) at 3.35 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Current Ratio (MRQ)	4.88	1.12
Debt / Equity (MRQ)	3.35	0.46
Net Debt / EBITDA	23.62	0.66

Dividends

Dividend Yield (TTM)

Both CNH Industrial (CNH) at 0.89% and Trane Technologies (TT) at 1.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both CNH Industrial (CNH) at 40.00% and Trane Technologies (TT) at 28.42% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
Dividend Yield (TTM)	0.89%	1.04%
Dividend Payout Ratio (TTM)	40.00%	28.42%

Valuation

P/E Ratio (TTM)

Trane Technologies (TT) at 27.92 is near its industry’s usual P/E ratio, while CNH Industrial (CNH) at 46.24 sits in the richer quartile — CNH needs stronger growth or earnings quality to justify the premium.

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 looks cheap on sales in the lower P/S ratio quartile, while Trane Technologies (TT) at 3.79 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
Min: 0.03

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

CNH Industrial (CNH) at 1.84 is valued about in line with its industry on P/B ratio, while Trane Technologies (TT) at 9.66 carries an above-peer premium to book — TT is pricier on assets.

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
Q1: 1.81
Min: -1.08

TT

Capital Goods industry group

9.66

TT: 9.66
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

CNH Industrial (CNH) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for CNH Industrial (CNH) and Trane Technologies (TT)
Metric	CNH	TT
P/E Ratio (TTM)	46.24	27.92
P/S Ratio (TTM)	1.02	3.79
P/B Ratio (MRQ)	1.84	9.66
Free Cash Flow Yield (TTM)	3.03%	3.94%