Triton International Ltd TRTN-PA

Technology SIC 7359 - Services-Equipment Rental & Leasing, NEC NAICS Real Estate and Rental and Leasing › Rental and Leasing Services derived NYSE

Triton is the world's largest lessor of intermodal containers. Intermodal containers are large, standardized steel boxes used to transport freight by ship, rail or truck. Because of the handling efficiencies they provide, intermodal containers are the primary means by which many goods and materials are shipped internationally. We also lease chassis, which are used for the transportation of containers.

Our consolidated operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis. As of December 31, 2023, our total fleet consisted of 4.0 million containers and chassis, representing 6.9 million twenty-foot equivalent units ("TEU") or 7.6 million cost equivalent units ("CEU"). We have an extensive global presence offering leasing services through a worldwide network of local offices and utilize third-party container depots spread across 46 countries to provide customers global access to our container fleet. Our primary customers include the world's largest container shipping lines. Our global field operations include sales, operations, equipment resale, and logistics services. Our registered office is located in Bermuda.

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Valuation FY2025 figures against the last close

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Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Asia
  • Americas
  • Europe
  • Other international
  • Other
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2023 Asia, FY2023: 32.7M (34.0%) 34% Asia Americas, FY2023: 23.9M (24.9%) 25% Americas Europe, FY2023: 20M (20.8%) 21% Europe Other international, FY2023: 19.4M (20.3%) 20% Other international Other, FY2023: 0 (0.0%) FY2022 Asia, FY2022: 71.7M (48.5%) 49% Americas, FY2022: 43.1M (29.2%) 29% Europe, FY2022: 27.6M (18.7%) 19% Other international, FY2022: 5.4M (3.6%) 4% Other, FY2022: 0 (0.0%) FY2021 Asia, FY2021: 64.6M (45.2%) 45% Americas, FY2021: 47.6M (33.3%) 33% Europe, FY2021: 22.2M (15.5%) 16% Other international, FY2021: 8.6M (6.0%) 6% Other, FY2021: 0 (0.0%)
Region FY2023FY2022FY2021
Asia $32.7M $71.7M $64.6M
Americas $23.9M $43.1M $47.6M
Europe $20.0M $27.6M $22.2M
Other international $19.4M $5.4M $8.6M
Other $0 $0 $0

As the company reported it, from the “Segment and Geographic Information - Geographic Allocation (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $59.5M$48.6M$96.0M$147.9M$143.0M$85.8M$84.0M$83.0M$37.4M$16.4M
Cost of revenue $57.4M$44.3M$88.1M$131.9M$108.9M$71.0M$69.5M$64.1M$33.2M$15.8M
Gross profit $2.2M$4.3M$7.9M$16.0M$34.1M$14.8M$14.5M$18.9M$4.2M$618.0K
SG&A $107.3M$91.2M$88.8M$93.0M$89.3M$80.5M$75.9M$80.0M$87.6M$65.6M
Total operating expenses $559.8M$724.9M$841.6M$767.1M$739.9M$719.1M$691.7M$673.4M$657.1M$632.7M
Operating income $817.4M$826.6M$768.7M$1.04B$935.1M$641.4M$697.2M$752.2M$546.4M$176.3M
Interest expense $263.5M$259.9M$240.8M$226.1M$222.0M$253.0M$316.2M$322.7M$282.3M$184.0M
Pre-tax income $553.9M$567.0M$528.6M$817.7M$580.6M$368.0M$380.8M$427.3M$260.3M-$5.8M
Income tax $45.5M$48.8M$54.5M$70.8M$50.4M$38.2M$27.6M$70.6M$93.3M$48.0K
Net income $508.4M$518.2M$474.1M$746.9M$530.2M$329.8M$353.3M$356.7M$353.5M-$5.8M
EPS, basic ———11.257.264.184.574.384.55-0.24
EPS, diluted ———11.197.224.164.544.354.52-0.24
Shares, diluted (wtd. avg.) ———62.1M67.1M69.3M74.7M80.4M76.2M56.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $40.3M$58.2M$149.2M$186.3M$230.5M$61.5M$169.0M$159.5M$226.2M$163.5M
Goodwill $236.7M$236.7M$236.7M—$236.7M$236.7M$236.7M$236.7M$236.7M$236.7M
Total assets $9.81B$11.10B$11.23B$12.11B$12.64B$9.71B$9.64B$10.27B$9.58B$8.71B
Accounts payable —————————$797.0K
Long-term debt $6.61B$7.66B——$8.63B$6.43B$6.66B$7.52B$6.88B$6.32B
Total liabilities $7.23B$8.29B$8.30B—$9.58B$7.15B$7.11B$7.94B$7.37B$6.91B
Retained earnings $767.0M$2.29B$2.43B—$2.00B$1.67B$1.53B$1.35B$1.16B$945.3M
Total equity $2.59B$2.81B$2.94B$3.20B$3.06B$2.57B$2.53B$2.33B$2.21B$1.81B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $972.1M$1.11B$1.15B$1.88B$1.41B$943.8M$1.06B$994.2M$867.5M$484.2M
Depreciation and amortisation $386.6M$541.5M$575.6M$634.8M$626.2M$542.1M$536.1M$545.1M$500.7M$392.6M
Stock-based compensation $12.4M$4.6M$7.3M$12.5M———$9.0M$5.6M$5.4M
Capital expenditure ——$208.2M$943.1M$3.43B$744.1M$240.2M$1.60B$1.56B$629.3M
Investing cash flow -$773.9M-$555.1M$144.3M-$647.0M-$3.22B-$489.0M-$23.7M-$1.41B-$1.37B-$395.4M
Financing cash flow -$220.6M-$537.8M-$1.33B-$1.28B$1.89B-$471.7M-$1.03B$351.9M$567.3M-$63.6M
Dividends paid $0$0$115.6M$162.2M$157.3M$146.5M$153.9M$160.3M$135.6M$84.8M
Buybacks ——$125.7M$555.2M$82.5M$158.3M$220.4M$56.3M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001660734-26-000005.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 16.4M Gross profit, FY2016: 618K Net income, FY2016: -5.8M Revenue, FY2017: 37.4M Gross profit, FY2017: 4.2M Net income, FY2017: 353.5M Revenue, FY2018: 83M Gross profit, FY2018: 18.9M Net income, FY2018: 356.7M Revenue, FY2019: 84M Gross profit, FY2019: 14.5M Net income, FY2019: 353.3M Revenue, FY2020: 85.8M Gross profit, FY2020: 14.8M Net income, FY2020: 329.8M Revenue, FY2021: 143M Gross profit, FY2021: 34.1M Net income, FY2021: 530.2M Revenue, FY2022: 147.9M Gross profit, FY2022: 16M Net income, FY2022: 746.9M Revenue, FY2023: 96M Gross profit, FY2023: 7.9M Net income, FY2023: 474.1M Revenue, FY2024: 48.6M Gross profit, FY2024: 4.3M Net income, FY2024: 518.2M Revenue, FY2025: 59.5M Gross profit, FY2025: 2.2M Net income, FY2025: 508.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $16.4M $37.4M $83.0M $84.0M $85.8M $143.0M $147.9M $96.0M $48.6M $59.5M
Gross profit $618.0K $4.2M $18.9M $14.5M $14.8M $34.1M $16.0M $7.9M $4.3M $2.2M
Net income -$5.8M $353.5M $356.7M $353.3M $329.8M $530.2M $746.9M $474.1M $518.2M $508.4M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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