Trane Technologies plc

TT Industrials Building Products & Equipment

Trane Technologies plc’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 7.48% from fiscal 2024.

Revenue
+17.7%
EPS
+25.4%
Free cash flow
+28.8%
Total debt
−8.63%

Quarter to September 2026, against a year earlier

394.05 16.43 −4.00%
Market cap
$85.9B
P/E
27.8×
Fwd P/E
27.1×
Dividend yield
1.04%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100

Trane Technologies plc (TT) Return on invested capital

Alert me on Return on invested capital

Trane Technologies plc's return on invested capital over the twelve months to 30 September 2026 was 21.5%, down 0.2 percentage points from fiscal 2025 (21.7%). Over the past ten years it has ranged from 8.99% (fiscal 2019) to 21.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Building Products & Equipment industry median of 5.54% and above the Industrials sector median of 1.86%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 21.7% 1.14
FY2024 20.5% 3.61
FY2023 16.9% 1.35
FY2022 15.6% 1.43
FY2021 14.1% 2.73
FY2020 11.4% 2.40
FY2019 8.99% (0.23)
FY2018 9.22% (1.49)
FY2017 10.7% (0.33)
FY2016 11.0% 1.08

Against its own ten years

Low 8.99% High 21.7%
Ten-year median 11.4%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
MAS Masco Corporation compare 35.2%
LII Lennox International, Inc. compare 26.3%
TT Trane Technologies plc 21.5%
CSL Carlisle Companies Incorporated compare 16.8%
WMS Advanced Drainage Systems, Inc. compare 11.9%
JCI Johnson Controls International plc compare 10.4%
MAIR Madison Air Solutions Corporation compare 5.83%
OC Owens Corning Inc compare 1.80%
CARR Carrier Global Corporation compare −3.31%
Building Products & Equipment industry median 5.54%
Industrials sector median 1.86%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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