Trane Technologies (TT) Return on Capital Employed (2009 - 2026)
Trane Technologies (TT) reported Return on Capital Employed of 26.55% for Q1 2026, down 22.0% on a YoY basis from 34.04% in Q1 2025, and up 1.12% quarter-over-quarter from 26.26% in Q4 2025.
Trane Technologies (TT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Trane Technologies has reported Return on Capital Employed for 18 years, with the latest figure 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.
- The five-year high for Return on Capital Employed was 27.74% in Q2 2025, with the low at 15.53% in Q1 2022.
- Historically, Return on Capital Employed has averaged 22.6% across 5 years, with a median of 23.15% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 466 bps — and 2026, when it slipped 22 bps.
- Trane Technologies' Return on Capital Employed stood at 19.79% in 2022, then climbed by 12 bps to 22.1% in 2023, then grew by 10 bps to 24.21% in 2024, then grew by 8 bps to 26.26% in 2025, then climbed 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 | 107.22 Bn | 106.17 Bn | 1.73 Bn | 26.55% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 11.49% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 6.30% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 35.83% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 35.86% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 18.08% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 11.39% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 16.23% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 11.43% |
| 10 | Owens Corning | 10.30 Bn | 10.07 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% |