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
DateValue
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%