GEV vs. TT: GE Vernova vs. Trane Technologies Stock Comparison

November 11, 2026

How do GE Vernova (GEV) 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

GE Vernova (GEV) and Trane Technologies (TT) both fall under the Capital Goods industry group, but GEV is classified in Electrical Equipment while TT is classified in Building Products.

Trane Technologies (TT) carries decades of public-market history since March 17, 1980, while GE Vernova (GEV) listed on March 27, 2024 — long-window comparisons have far more historical data on the TT side.

Company profile comparison for GE Vernova (GEV) and Trane Technologies (TT)
Profile Item	GEV	TT
Name	GE Vernova Inc.	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Building Products
GICS Sub-Industry	Heavy Electrical Equipment	Building Products
Market Capitalization	204.89 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 27, 2024	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GEV

GSPC

GE Vernova (GEV) 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

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Trailing total returns for GE Vernova (GEV) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Total Return (1Y)	44.63%	-2.56%
Total Return (3Y, Annualized)	--	25.06%
Total Return (5Y, Annualized)	--	18.70%

Risk Profile

Drawdown History

GEV

GSPC

GE Vernova (GEV) 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

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

Risk Metrics

Risk profile metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Volatility (1Y, Annualized)	55.54%	30.26%
Beta (5Y)	1.12	1.18
Max Drawdown (5Y)	-38.29%	-39.76%
Avg. Volume (3M)	2.65M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

GEV 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 GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Sharpe Ratio (1Y)	0.73	-0.23
Sortino Ratio (1Y)	1.08	-0.31

Profitability

ROE (TTM)

Both companies show strong equity returns, but GE Vernova (GEV) at 93.04% is the standout with ROE above its industry range; Trane Technologies (TT) at 36.94% also sits in the top quartile.

GEV

Capital Goods industry group

93.04%

GEV: 93.04%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
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%

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

Net Margin (TTM)

For every dollar of sales, both GE Vernova (GEV) at 23.54% and Trane Technologies (TT) at 13.56% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

GEV

Capital Goods industry group

23.54%

Max: 27.47%
GEV: 23.54%
Q3: 12.10%
Median: 6.30%
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%

GE Vernova (GEV) 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 GE Vernova (GEV) at 12.77%, which runs around its industry’s norm.

GEV

Capital Goods industry group

12.77%

Max: 36.60%
Q3: 18.33%
GEV: 12.77%
Median: 11.12%
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%

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

Profitability Metrics

Profitability metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
ROE (TTM)	93.04%	36.94%
ROA (TTM)	3.22%	11.42%
Net Margin (TTM)	23.54%	13.56%
Operating Margin (TTM)	12.77%	19.85%
Gross Margin (TTM)	21.79%	34.99%

Growth

Revenue Growth

Both GE Vernova (GEV) at 8.97% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GE Vernova (GEV) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

GE Vernova (GEV) at 217.03% clears its industry range for EPS growth, a much stronger earnings trajectory than Trane Technologies (TT) at 15.48%, which is closer to a typical peer reading.

GE Vernova (GEV) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Revenue Growth (YoY)	8.97%	7.48%
Revenue Growth (3Y CAGR)	8.68%	10.06%
EPS Growth (YoY)	217.03%	15.48%
EPS Growth (3Y CAGR)	--	20.17%

Financial Strength

Current Ratio (MRQ)

Both GE Vernova (GEV) at 0.83 and Trane Technologies (TT) at 1.12 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

GEV

Capital Goods industry group

0.83

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
GEV: 0.83
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

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

Debt / Equity (MRQ)

Both GE Vernova (GEV) at 0.30 and Trane Technologies (TT) at 0.46 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GEV

Capital Goods industry group

0.30

Max: 2.33
Q3: 1.12
Median: 0.60
GEV: 0.30
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

GE Vernova (GEV) 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 GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Current Ratio (MRQ)	0.83	1.12
Debt / Equity (MRQ)	0.30	0.46
Net Debt / EBITDA	-2.50	0.66

Dividends

Dividend Yield (TTM)

Both GE Vernova (GEV) at 0.26% and Trane Technologies (TT) at 1.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

GEV

Capital Goods industry group

0.26%

Max: 2.66%
Q3: 1.14%
GEV: 0.26%
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%

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

Dividend Payout Ratio (TTM)

GE Vernova (GEV) at 4.59% pays out a band-typical share of earnings, while Trane Technologies (TT) at 28.42% distributes more than its industry norm — less retained, thinner cover.

GEV

Capital Goods industry group

4.59%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
GEV: 4.59%
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%

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

Dividend Metrics

Dividend metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
Dividend Yield (TTM)	0.26%	1.04%
Dividend Payout Ratio (TTM)	4.59%	28.42%

Valuation

P/E Ratio (TTM)

Both GE Vernova (GEV) at 20.32 and Trane Technologies (TT) at 27.92 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

GEV

Capital Goods industry group

20.32

Max: 59.38
Q3: 35.92
Median: 25.41
GEV: 20.32
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

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

P/S Ratio (TTM)

Both GE Vernova (GEV) at 4.65 and Trane Technologies (TT) at 3.79 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

GEV

Capital Goods industry group

4.65

Max: 7.54
GEV: 4.65
Q3: 3.76
Median: 2.15
Q1: 1.03
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

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

P/B Ratio (MRQ)

Both look rich against book: Trane Technologies (TT) at 9.66 sits in the upper P/B ratio quartile, and GE Vernova (GEV) at 18.00 prices even higher, above its industry range.

GEV

Capital Goods industry group

18.00

GEV: 18.00
Max: 9.66
Q3: 5.00
Median: 3.12
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

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

Valuation Metrics

Valuation metrics for GE Vernova (GEV) and Trane Technologies (TT)
Metric	GEV	TT
P/E Ratio (TTM)	20.32	27.92
P/S Ratio (TTM)	4.65	3.79
P/B Ratio (MRQ)	18.00	9.66
Free Cash Flow Yield (TTM)	10.79%	3.94%