Trane Technologies (TT) Return on Capital Employed (2009 - 2026)
Trane Technologies posted quarterly Return on Capital Employed of 26.55% for Q1 2026, down 22.0% year-on-year from 34.04% in Q1 2025, and up 1.12% on a QoQ basis from 26.26% in Q4 2025.
Trane Technologies (TT) has 18 years of Return on Capital Employed data on file, last reported at 26.55% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 22.0% year-over-year to 26.55%; the trailing twelve-month figure through Mar 2026 stood at 26.55% (down 22.0% YoY), and the FY2025 full-year result was 27.37%, up 182.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 26.55%, up from 26.26% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 27.74% in Q2 2025 and bottomed at 15.53% in Q1 2022.
- The 5-year median for Return on Capital Employed is 23.15% (2024), against an average of 22.6%.
- The widest annual swing landed in 2022, when Return on Capital Employed jumped 466 bps; it then slipped 22 bps in 2026.
- A 5-year view of Return on Capital Employed shows it stood at 19.79% in 2022, then grew by 12 bps to 22.1% in 2023, then increased by 10 bps to 24.21% in 2024, then increased by 8 bps to 26.26% in 2025, then grew by 1 bps to 26.55% in 2026.
- The last three Return on Capital Employed figures came in at 26.55% (Q1 2026), 26.26% (Q4 2025), and 26.99% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 26.55% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 11.49% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 6.30% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 35.83% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 35.86% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 18.08% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 11.43% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 11.39% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 16.23% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 0.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.55% |
| Dec 31, 2025 | 26.26% |
| Sep 30, 2025 | 26.99% |
| Jun 30, 2025 | 27.74% |
| Mar 31, 2025 | 26.77% |
| Dec 31, 2024 | 24.21% |
| Sep 30, 2024 | 24.28% |
| Jun 30, 2024 | 24.43% |
| Mar 31, 2024 | 23.15% |
| Dec 31, 2023 | 22.10% |
| Sep 30, 2023 | 20.36% |
| Jun 30, 2023 | 20.79% |
| Mar 31, 2023 | 18.90% |
| Dec 31, 2022 | 19.79% |
| Sep 30, 2022 | 18.69% |
| Jun 30, 2022 | 17.61% |
| Mar 31, 2022 | 15.53% |
| Dec 31, 2021 | 15.12% |
| Sep 30, 2021 | 14.14% |
| Jun 30, 2021 | 14.42% |
| Mar 31, 2021 | 12.53% |
| Dec 31, 2020 | 11.18% |
| Sep 30, 2020 | 11.00% |
| Jun 30, 2020 | 10.62% |
| Mar 31, 2020 | 10.71% |
| Dec 31, 2019 | 11.02% |
| Sep 30, 2019 | 8.79% |
| Jun 30, 2019 | 9.52% |
| Mar 31, 2019 | 10.48% |
| Dec 31, 2018 | 10.96% |
| Sep 30, 2018 | 13.25% |
| Jun 30, 2018 | 13.04% |
| Mar 31, 2018 | 12.14% |
| Dec 31, 2017 | 12.69% |
| Sep 30, 2017 | 12.49% |
| Jun 30, 2017 | 12.03% |
| Mar 31, 2017 | 11.55% |
| Dec 31, 2016 | 11.48% |
| Sep 30, 2016 | 11.85% |
| Jun 30, 2016 | 11.97% |
| Mar 31, 2016 | 11.98% |
| Dec 31, 2015 | 10.95% |
| Sep 30, 2015 | 10.85% |
| Jun 30, 2015 | 10.69% |
| Mar 31, 2015 | 10.62% |
| Dec 31, 2014 | 10.47% |
| Sep 30, 2014 | 9.91% |
| Jun 30, 2014 | 9.56% |
| Mar 31, 2014 | 8.25% |
| Dec 31, 2013 | 7.41% |
| Sep 30, 2013 | 5.20% |
| Jun 30, 2013 | 6.23% |
| Mar 31, 2013 | 6.82% |
| Dec 31, 2012 | 7.52% |
| Sep 30, 2012 | 7.34% |
| Jun 30, 2012 | 5.28% |
| Mar 31, 2012 | 4.12% |
| Dec 31, 2011 | 2.92% |
| Sep 30, 2011 | 5.35% |
| Jun 30, 2011 | 6.80% |
| Mar 31, 2011 | 7.22% |
| Dec 31, 2010 | 7.79% |
| Sep 30, 2010 | 7.23% |
| Jun 30, 2010 | 7.04% |
| Mar 31, 2010 | 6.16% |
| Dec 31, 2009 | 5.54% |
| Sep 30, 2009 | -17.50% |