Trane Technologies plc (TT)

Operating return on assets (Operating ROA)

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Operating income US$ in thousands 3,967,400 3,500,100 2,894,000 2,418,900 2,023,300
Total assets US$ in thousands 21,420,700 20,146,700 19,391,900 18,081,600 18,059,800
Operating ROA 18.52% 17.37% 14.92% 13.38% 11.20%

December 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $3,967,400K ÷ $21,420,700K
= 18.52%