Trane Technologies plc
Trane Technologies plc returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 26.81% | — | 35.84% | 13.13% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 26.88% | — | 36.04% | 13.52% | — |
| FY 2025 Q4 | Dec 31, 2025 | 28.99% | 27.16% | 48.83% | 36.4% | 14.04% | 21.3 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 27.17% | — | 36.83% | 13.87% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 27.45% | — | 38.64% | 13.87% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 27.31% | — | 38.06% | 13.87% | — |
| FY 2024 Q4 | Dec 31, 2024 | 26.42% | 25.53% | — | 35.54% | 12.99% | 18.7 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 24.18% | — | 34.58% | 12.4% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 23.92% | — | 35.17% | 11.88% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 23.35% | — | 33.31% | 11.56% | — |
| FY 2023 Q4 | Dec 31, 2023 | 22.84% | 22.49% | 33.85% | 30.94% | 10.8% | 15.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | — | 21.54% | — | 31.24% | 10.69% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 20.99% | — | 31.38% | 10.28% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 19.06% | — | 29.97% | 10.15% | — |
| FY 2022 Q4 | Dec 31, 2022 | 21.42% | 18.82% | 46.25% | 28.46% | 9.72% | 13.7 pp |
| FY 2022 Q3 | Sep 30, 2022 | — | 17.44% | — | 26.52% | 9.1% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 16.35% | — | 24.51% | 8.28% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 15.42% | — | 23.56% | 8.17% | — |
| FY 2021 Q4 | Dec 31, 2021 | 18.96% | 14.92% | 85.39% | 22.48% | 7.86% | 11.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | 18.58% | 14.29% | 798.16% | 21.03% | 7.47% | 10.9 pp |
| FY 2021 Q2 | Jun 30, 2021 | 18.11% | 14.38% | — | 21.71% | 7.56% | 10.4 pp |
| FY 2021 Q1 | Mar 31, 2021 | 16.14% | 12.81% | — | 18.55% | 6.31% | 8.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 11.8% | 10.41% | — | 12.5% | 4.42% | 4.1 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.35% | 10.72% | — | 13.32% | 4.74% | -2.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.56% | 11.26% | — | 14.76% | 5.09% | -2.1 pp |
| FY 2020 Q1 | Mar 31, 2020 | 8.12% | 12.92% | — | 18.67% | 6.32% | 0.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 14.73% | 13.81% | 1.15% | 19.75% | 7.35% | 7 pp |
| FY 2019 Q3 | Sep 30, 2019 | 14.06% | 13.82% | — | 18.82% | 7.09% | 6.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 15.05% | 13.76% | -0.85% | 20.48% | 7.3% | 7.4 pp |
| FY 2019 Q1 | Mar 31, 2019 | 15.86% | 13.58% | 21.96% | 20.29% | 7.43% | 8.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | 15.95% | 14.23% | 4.03% | 18.89% | 7.41% | 8.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 13.75% | — | 21.92% | 8.57% | — |
| FY 2018 Q2 | Jun 30, 2018 | 17.12% | 12.92% | 68.28% | 20.66% | 7.72% | 9.4 pp |
| FY 2018 Q1 | Mar 31, 2018 | 16.16% | 12.2% | 29.24% | 19.11% | 7.33% | 8.5 pp |
| FY 2017 Q4 | Dec 31, 2017 | 16.72% | 12.27% | 38.96% | 18.9% | 7.32% | 9 pp |
| FY 2017 Q3 | Sep 30, 2017 | 13.22% | 12.02% | -28.57% | 15.38% | 5.88% | 5.5 pp |
| FY 2017 Q2 | Jun 30, 2017 | 13.04% | 11.79% | — | 16.02% | 5.98% | 5.3 pp |
| FY 2017 Q1 | Mar 31, 2017 | 13.88% | 11.75% | — | 23.28% | 8.42% | 6.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 14.29% | 11.7% | — | 23.69% | 8.65% | 6.6 pp |
| FY 2016 Q3 | Sep 30, 2016 | 13.92% | 11.61% | — | 24.17% | 8.5% | 6.2 pp |
| FY 2016 Q2 | Jun 30, 2016 | 13.35% | 11.5% | 365.43% | 23.43% | 8.12% | 5.6 pp |
| FY 2016 Q1 | Mar 31, 2016 | 9.06% | 11.37% | -167.1% | 13.3% | 4.46% | 1.4 pp |
| FY 2015 Q4 | Dec 31, 2015 | 9.21% | 10.91% | -29.07% | 11.26% | 3.91% | 1.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | 8.64% | 11.11% | -9.43% | 11.43% | 3.96% | 0.9 pp |
| FY 2015 Q2 | Jun 30, 2015 | 8.52% | 10.71% | -1.18% | 11.09% | 3.86% | 0.8 pp |
| FY 2015 Q1 | Mar 31, 2015 | 11.51% | 10.6% | 40.77% | 15.06% | 5.29% | 3.8 pp |
| FY 2014 Q4 | Dec 31, 2014 | 12.31% | 10.08% | — | 14.27% | 5.33% | 4.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | 9.49% | 7.96% | — | 10.83% | 4.04% | 1.8 pp |
| FY 2014 Q2 | Jun 30, 2014 | 8.46% | 7.47% | — | 8.88% | 3.2% | 0.8 pp |
| FY 2014 Q1 | Mar 31, 2014 | 8.72% | 7.68% | — | 9% | 3.45% | 1 pp |
| FY 2013 Q4 | Dec 31, 2013 | 9.33% | 7.73% | — | 8.71% | 3.42% | 1.6 pp |
| FY 2013 Q3 | Sep 30, 2013 | 10.85% | 9.64% | — | 11.1% | 4.28% | 3.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 12.14% | 9.96% | — | 13.38% | 4.93% | 4.4 pp |
| FY 2013 Q1 | Mar 31, 2013 | 12.6% | 10.17% | — | 13.98% | 5.39% | 4.9 pp |
| FY 2012 Q4 | Dec 31, 2012 | 12.98% | 10.39% | 744.9% | 14.48% | 5.47% | 5.3 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | 5.91% | 5.66% | — | 4.61% | 1.77% | -1.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 7.73% | — | 4.13% | 1.58% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 9.1% | — | 5.99% | 2.24% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 8.54% | — | 7.45% | 2.83% | — |
| FY 2010 Q4 | Dec 31, 2010 | 9.16% | 7.85% | 75.59% | 8.53% | 3.21% | 1.5 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | 7.17% | — | 7.77% | 2.82% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 6.71% | — | 8.03% | 2.72% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · TT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.