TT vs. WWD: Trane Technologies vs. Woodward Stock Comparison

November 11, 2026

How do Trane Technologies (TT) and Woodward (WWD) 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

Trane Technologies (TT) and Woodward (WWD) both fall under the Capital Goods industry group, but TT is classified in Building Products while WWD is classified in Aerospace & Defense.

Company profile comparison for Trane Technologies (TT) and Woodward (WWD)
Profile Item	TT	WWD
Name	Trane Technologies plc	Woodward, Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Aerospace & Defense
GICS Sub-Industry	Building Products	Aerospace & Defense
Market Capitalization	87.94 billion USD	18.74 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	April 4, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

WWD

GSPC

Trane Technologies (TT) vs. Woodward (WWD), 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 Trane Technologies (TT) and Woodward (WWD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Total Return (1Y)	-2.56%	25.66%
Total Return (3Y, Annualized)	25.06%	36.83%
Total Return (5Y, Annualized)	18.70%	23.54%

Risk Profile

Drawdown History

WWD

GSPC

Trane Technologies (TT) vs. Woodward (WWD), 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 Trane Technologies (TT) and Woodward (WWD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Volatility (1Y, Annualized)	30.26%	40.29%
Beta (5Y)	1.18	0.87
Max Drawdown (5Y)	-39.76%	-37.25%
Avg. Volume (3M)	1.24M	665.85K

Risk-Adjusted Performance

Risk-Return Positioning

TT and WWD 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 Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Sharpe Ratio (1Y)	-0.23	0.53
Sortino Ratio (1Y)	-0.31	0.85

Profitability

ROE (TTM)

Both Trane Technologies (TT) at 36.94% and Woodward (WWD) at 22.34% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

WWD

Capital Goods industry group

22.34%

Max: 40.55%
WWD: 22.34%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

For every dollar of sales, both Trane Technologies (TT) at 13.56% and Woodward (WWD) at 13.17% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

WWD

Capital Goods industry group

13.17%

Max: 27.47%
WWD: 13.17%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Trane Technologies (TT) vs. Woodward (WWD): 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 Woodward (WWD) at 17.76%, which runs around its industry’s norm.

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%

WWD

Capital Goods industry group

17.76%

Max: 36.60%
Q3: 18.33%
WWD: 17.76%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
ROE (TTM)	36.94%	22.34%
ROA (TTM)	11.42%	8.62%
Net Margin (TTM)	13.56%	13.17%
Operating Margin (TTM)	19.85%	17.76%
Gross Margin (TTM)	34.99%	29.63%

Growth

Revenue Growth

Both Trane Technologies (TT) at 7.48% and Woodward (WWD) at 7.30% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Trane Technologies (TT) at 15.48% and Woodward (WWD) at 19.63% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Revenue Growth (YoY)	7.48%	7.30%
Revenue Growth (3Y CAGR)	10.06%	14.40%
EPS Growth (YoY)	15.48%	19.63%
EPS Growth (3Y CAGR)	20.17%	38.44%

Financial Strength

Current Ratio (MRQ)

Woodward (WWD) at 1.65 keeps current ratio within its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TT.

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

WWD

Capital Goods industry group

1.65

Max: 5.22
Q3: 2.95
Median: 2.08
WWD: 1.65
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Trane Technologies (TT) at 0.46 and Woodward (WWD) at 0.56 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

WWD

Capital Goods industry group

0.56

Max: 2.33
Q3: 1.12
Median: 0.60
WWD: 0.56
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Current Ratio (MRQ)	1.12	1.65
Debt / Equity (MRQ)	0.46	0.56
Net Debt / EBITDA	0.66	1.13

Dividends

Dividend Yield (TTM)

Both Trane Technologies (TT) at 1.04% and Woodward (WWD) at 0.32% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

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%

WWD

Capital Goods industry group

0.32%

Max: 2.66%
Q3: 1.14%
WWD: 0.32%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Woodward (WWD) at 13.35% 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.

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%

WWD

Capital Goods industry group

13.35%

Max: 67.39%
Q3: 28.02%
WWD: 13.35%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
Dividend Yield (TTM)	1.04%	0.32%
Dividend Payout Ratio (TTM)	28.42%	13.35%

Valuation

P/E Ratio (TTM)

Both Trane Technologies (TT) at 27.92 and Woodward (WWD) at 35.30 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

WWD

Capital Goods industry group

35.30

Max: 59.38
Q3: 35.92
WWD: 35.30
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

Both Trane Technologies (TT) at 3.79 and Woodward (WWD) at 4.47 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

WWD

Capital Goods industry group

4.47

Max: 7.54
WWD: 4.47
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Both Trane Technologies (TT) at 9.66 and Woodward (WWD) at 7.60 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

WWD

Capital Goods industry group

7.60

Max: 9.66
WWD: 7.60
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Trane Technologies (TT) and Woodward (WWD)
Metric	TT	WWD
P/E Ratio (TTM)	27.92	35.30
P/S Ratio (TTM)	3.79	4.47
P/B Ratio (MRQ)	9.66	7.60
Free Cash Flow Yield (TTM)	3.94%	1.00%