Trane Technologies plc (TT) Return on Invested Capital (ROIC): 20.26%
Is Trane Technologies plc’s return on invested capital (ROIC) high or low?
Trane Technologies plc's return on invested capital (ROIC) of 20.26% is 34% above its 5-year average of 15.16%, near the high end of its 5-year range (8.08%–20.26%).
As of Wednesday, June 24, 2026. 2.69% above its 12-month average of 19.73%.
TT Return on Invested Capital (ROIC) Chart
Reported annual fiscal-period values; no daily interpolation.
TT Average Return on Invested Capital (ROIC) Chart
TT Current vs Average Return on Invested Capital (ROIC) Chart
TT Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
20.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
19.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
10.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.47%
CURRENT VS TTM AVG
+2.69%
CURRENT VS 3Y AVG
+14.41%
CURRENT VS 5Y AVG
+33.63%
CURRENT VS 10Y AVG
+65.40%
CURRENT VS 15Y AVG
+93.29%
CURRENT VS 20Y AVG
+113.87%
TT Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $106.80B | 20.26% | 19.73% | 17.71% | 15.16% |
| Quanta Services, Inc. (PWR)vs › | $105.39B | 7.07% | 7.53% | 7.36% | 7.14% |
| Howmet Aerospace Inc. (HWM)vs › | $110.08B | 18.19% | 16.84% | 13.44% | 11.63% |
| Lockheed Martin Corporation (LMT)vs › | $116.13B | 17.39% | 16.86% | 18.35% | 18.91% |
| Cummins Inc. (CMI)vs › | $96.46B | 11.41% | 12.55% | 9.89% | 10.37% |
| General Dynamics Corporation (GD)vs › | $94.74B | 10.58% | 10.30% | 9.74% | 9.56% |
| Parker-Hannifin Corporation (PH)vs › | $119.48B | 13.69% | 12.91% | 11.49% | 10.97% |
| Vertiv Holdings Co (VRT)vs › | $120.63B | 18.55% | 16.59% | 12.18% | 10.40% |
| Bloom Energy Corporation (BE)vs › | $91.59B | 1.89% | 1.48% | -6.32% | -6.80% |
| United Parcel Service, Inc. (UPS)vs › | $89.96B | 10.40% | 11.21% | 13.32% | 13.95% |
Capital Efficiency
ROIC
20.3%
ROE
33.6%
Trane Technologies plc Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Trane Technologies plc Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The return on invested capital (ROIC) for TT stock is 20.26%.
- Is Trane Technologies plc's return on invested capital (ROIC) high or low?
- Trane Technologies plc's return on invested capital (ROIC) of 20.26% is 34% above its 5-year average of 15.16%, near the high end of its 5-year range (8.08%–20.26%).
- What is the TTM average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The TTM average return on invested capital (ROIC) for TT stock is 19.73%.
- What is the 3Y average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The 3Y average return on invested capital (ROIC) for TT stock is 17.71%.
- What is the 5Y average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The 5Y average return on invested capital (ROIC) for TT stock is 15.16%.
- What is the 10Y average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The 10Y average return on invested capital (ROIC) for TT stock is 12.25%.
- What is the 15Y average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The 15Y average return on invested capital (ROIC) for TT stock is 10.48%.
- What is the 20Y average return on invested capital (ROIC) for Trane Technologies plc (TT)?
- The 20Y average return on invested capital (ROIC) for TT stock is 9.47%.
Trane Technologies plc Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 20.26% |
| 2024-12-31 | 19.20% |
| 2023-12-31 | 16.49% |
| 2022-12-31 | 14.88% |
| 2021-12-31 | 12.06% |
| 2020-12-31 | 8.08% |
| 2019-12-31 | 8.51% |
| 2018-12-31 | 8.82% |
| 2017-12-31 | 10.87% |
| 2016-12-31 | 9.49% |
| 2015-12-31 | 6.08% |
| 2014-12-31 | 7.53% |
| 2013-12-31 | 5.84% |
| 2012-12-31 | 6.69% |
| 2011-12-31 | 6.86% |
| 2010-12-31 | 6.05% |
| 2009-12-31 | 4.27% |
| 2008-12-31 | 6.39% |
| 2007-12-31 | 6.96% |
| 2006-12-31 | 12.35% |
| 2005-12-31 | 12.04% |
| 2004-12-31 | 10.52% |
| 2003-12-31 | 8.93% |
| 2002-12-31 | 7.46% |
| 2001-12-31 | 4.90% |
| 2000-12-31 | 7.30% |
| 1999-12-31 | 9.76% |
| 1998-12-31 | 9.10% |
| 1997-12-31 | 6.40% |
| 1996-12-31 | 9.58% |
Related Metrics
About Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David S. Regnery