A system and a method are provided including a controller for a refrigeration or HVAC system having a compressor rack with at least one compressor. The controller communicates with a tracking module configured to diagnose health of a compressor in the compressor rack. In response to rated performance data for the compressor being unavailable, the tracking module is configured to generate baseline data for the compressor and to diagnose health of the compressor by comparing operational data of the compressor to the baseline data for the compressor. In response to the rated performance data for the compressor being available, the tracking module is configured to diagnose health of the compressor by comparing the operational data of the compressor to the rated performance data for the compressor.