Trane Technologies (TT) Return on Capital Employed [ROCE] (2009 - 2026)
Trane Technologies (TT) posted Return on Capital Employed [ROCE] of 25.76% for Q3 2026, down 1.22 percentage points from 26.99% a year earlier and down 0.89 percentage points from the prior quarter.
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Analysis
Trane Technologies (TT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Trane Technologies' Return on Capital Employed [ROCE] came in at 27.37%, up 1.82 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for five consecutive years, with a five-year change of +17.14 percentage points (FY2020 to FY2025).
- In prior years, Trane Technologies' Return on Capital Employed [ROCE] was 25.55% in FY2024 (+2.73 pp), 22.82% in FY2023 (+3.28 pp), 19.53% in FY2022 (+4.38 pp) and 15.15% in FY2021 (+4.92 pp).
- The Q3 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last three quarters, with an average year-over-year change of +1.41 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q4 2022, with a gain of 4.66 percentage points; the weakest was Q3 2026, with a drop of 1.22 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 26.65% (Q2 2026), 26.55% (Q1 2026) and 26.26% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.14 Bn | 86.75 Bn | 2.38 Bn | 25.76% |
| 2 | Johnson Controls International | 86.28 Bn | 84.01 Bn | 2.47 Bn | 10.95% |
| 3 | Carrier Global | 44.27 Bn | 38.65 Bn | 1.90 Bn | -4.09% |
| 4 | Comfort Systems Usa | 38.38 Bn | 32.34 Bn | 934.48 Mn | 30.59% |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 73.03% |
| 6 | James Hardie Industries | 17.23 Bn | 16.16 Bn | 562.40 Mn | 6.26% |
| 7 | Masco | 16.54 Bn | 14.35 Bn | 720.00 Mn | 36.93% |
| 8 | Allegion | 15.93 Bn | 14.55 Bn | 548.20 Mn | 20.57% |
| 9 | Carlisle Companies | 15.28 Bn | 12.18 Bn | 494.90 Mn | 19.33% |
| 10 | Lennox International | 12.05 Bn | 11.87 Bn | 497.20 Mn | 36.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.76% |
| Jun 30, 2026 | 26.65% |
| 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% |
API Access
Trane Technologies Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();