Trane Technologies (TT) Return on Invested Capital [ROIC] (2009 - 2026)
Trane Technologies' Return on Invested Capital [ROIC] was 25.73% in Q3 2026, up 0.68 percentage points from 25.05% a year earlier and up 1.36 percentage points from the prior quarter.
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Analysis
Trane Technologies (TT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Trane Technologies came in at 25.17%, up 1.70 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for five consecutive years, with a five-year change of +15.58 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 23.47% in FY2024 (+2.95 pp), 20.51% in FY2023 (+2.38 pp), 18.14% in FY2022 (+3.70 pp) and 14.43% in FY2021 (+4.84 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2009.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in six of the last eight quarters, with an average year-over-year change of +1.77 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 4.57 percentage points); the worst was Q2 2026 (a drop of 0.67 percentage points).
- Per Business Quant data, TT's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 24.37% (Q2 2026), 23.95% (Q1 2026) and 24.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 91.50 Bn | 86.14 Bn | 2.38 Bn | 25.73% |
| 2 | Johnson Controls International | 83.63 Bn | 81.11 Bn | 2.71 Bn | 13.57% |
| 3 | Carrier Global | 44.36 Bn | 39.10 Bn | 1.90 Bn | -4.60% |
| 4 | Comfort Systems Usa | 38.92 Bn | 32.88 Bn | 934.48 Mn | 15.98% |
| 5 | Otis Worldwide | 29.51 Bn | 26.06 Bn | 1.16 Bn | 62.19% |
| 6 | Masco | 16.33 Bn | 14.40 Bn | 720.00 Mn | 35.31% |
| 7 | Allegion | 16.19 Bn | 14.81 Bn | 548.20 Mn | 18.36% |
| 8 | James Hardie Industries | 16.17 Bn | 15.36 Bn | 562.40 Mn | 4.61% |
| 9 | Carlisle Companies | 15.38 Bn | 12.28 Bn | 494.90 Mn | 17.80% |
| 10 | Madison Air Solutions | 12.50 Bn | 9.16 Bn | 422.70 Mn | 6.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.73% |
| Jun 30, 2026 | 24.37% |
| Mar 31, 2026 | 23.95% |
| Dec 31, 2025 | 24.49% |
| Sep 30, 2025 | 25.05% |
| Jun 30, 2025 | 25.04% |
| Mar 31, 2025 | 24.30% |
| Dec 31, 2024 | 22.45% |
| Sep 30, 2024 | 21.80% |
| Jun 30, 2024 | 21.62% |
| Mar 31, 2024 | 20.97% |
| Dec 31, 2023 | 20.00% |
| Sep 30, 2023 | 19.74% |
| Jun 30, 2023 | 19.69% |
| Mar 31, 2023 | 18.83% |
| Dec 31, 2022 | 18.48% |
| Sep 30, 2022 | 17.52% |
| Jun 30, 2022 | 16.01% |
| Mar 31, 2022 | 15.20% |
| Dec 31, 2021 | 14.67% |
API Access
Trane Technologies Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();