Magnetocaloric refrigeration is a solid-state cooling approach that promises high energy efficiency and low environmental impact. It remains uncompetitive with conventional vapor-compression technologies due to lack of high-performing materials that exhibit large magnetocaloric effects in low magnetic fields. Here we report a game-changing enhancement of the magnetocaloric response in a transition-metal-based Ni–Co–Mn–Ti. Mechanically and chemically stable rapidly solidified ribbons exhibit magnetic entropy changes as high as ∼" role="presentation" style="box-sizing: border-box; margin: 0px; padding: 0px; display: inline-block; line-height: normal; font-size: 16.2px; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; position: relative;">∼27 J⋅kg−1K−1 for a moderate field change of 2 T, comparable to or larger than the best known materials for near-room temperature applications. The ribbons can be easily manufactured in large quantities and the transition temperature can be adjusted by varying Co concentration.