Triton International Limited (TRTN-PC) 10-Year Financial Performance & Capital Metrics

TRTN-PC • • Industrial / General

IndustrialsRental & LeasingSpecialized Equipment & Modular SolutionsContainer & Intermodal Equipment Leasing

AboutTriton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as provides maritime container management services. As of December 31, 2021, its total fleet consisted of 4.3 million containers and chassis representing 7.3 million twenty-foot equivalent units or 8.0 million cost equivalent units. The company also purchases containers from container manufacturers, shipping line customers, and other sellers, as well as resells these containers to container retailers and users. It operates in Asia, Europe, the Americas, Bermuda, and internationally. The company was founded in 1980 and is based in Hamilton, Bermuda.Show more

Revenue $1.6B -6.0%
EBITDA $1.37B +1.5%
Net Income $518M +9.3%
EPS (Diluted) 4.61 +10.6%
Gross Margin 42.84% +5.1%
EBITDA Margin 85.86% +8.1%
Operating Margin 51.8% +14.4%
Net Margin 32.47% +16.3%
ROE 18.04% +16.8%
ROIC 5.99% +11.9%
Debt/Equity 2.71 +6.4%
Interest Coverage 2.66 -0.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 19.1%
✓Healthy dividend yield of 2.0%
✓Healthy 5Y average net margin of 31.3%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.7x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y1.82%

3Y-1.64%

TTM-0.1%

Profit (Net Income) CAGR

10Y-

5Y8%

3Y-0.76%

TTM51.94%

EPS CAGR

10Y-

5Y0.31%

3Y-13.89%

TTM58.78%

ROCE

10Y Avg6.3%

5Y Avg7.27%

3Y Avg7.43%

Latest7.64%

Peer Comparison

Container & Intermodal Equipment Leasing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRTN-PCTriton International Limited	2.55B	25.18	5.46	-6.04%	37.4%	23.57%	7.22%	2.71

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	709.85M	824.76M	1.24B	1.47B	1.46B	1.39B	1.68B	1.83B	1.7B	1.6B
Revenue Growth %	-	0.16%	0.5%	0.19%	-0.01%	-0.04%	0.2%	0.09%	-0.07%	-0.06%
Cost of Goods Sold+	488.35M	663.56M	879.19M	980.31M	1B	959.78M	983.99M	1.04B	1.01B	912.14M
COGS % of Revenue	0.69%	0.8%	0.71%	0.67%	0.69%	0.69%	0.59%	0.57%	0.59%	0.57%
Gross Profit+	221.5M	161.2M	357.56M	488.41M	457.44M	471.68M	799.91M	908.05M	692.37M	683.7M
Gross Margin %	0.31%	0.2%	0.29%	0.33%	0.31%	0.34%	0.48%	0.5%	0.41%	0.43%
Gross Profit Growth %	-	-0.27%	1.22%	0.37%	-0.06%	0.03%	0.7%	0.14%	-0.24%	-0.01%
Operating Expenses+	51.28M	88.92M	90.96M	79.8M	76.46M	-169.68M	-135.18M	89.91M	-76.37M	-142.95M
OpEx % of Revenue	0.07%	0.11%	0.07%	0.05%	0.05%	-0.12%	-0.08%	0.05%	-0.04%	-0.09%
Selling, General & Admin	53.44M	65.62M	87.61M	80.03M	75.87M	80.53M	89.32M	93.01M	88.84M	91.2M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.05%	0.05%	0.06%	0.05%	0.05%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-211K	1.08M	2.64M	0	590K	-250.21M	-224.5M	-3.1M	-165.21M	-234.15M
Operating Income+	281.48M	176.28M	546.44M	752.2M	384.4M	603.59M	828.03M	928.56M	768.73M	826.65M
Operating Margin %	0.4%	0.21%	0.44%	0.51%	0.26%	0.43%	0.49%	0.51%	0.45%	0.52%
Operating Income Growth %	-	-0.37%	2.1%	0.38%	-0.49%	0.57%	0.37%	0.12%	-0.17%	0.08%
EBITDA+	581.95M	624.36M	1.14B	1.37B	962.46M	1.17B	1.47B	1.57B	1.35B	1.37B
EBITDA Margin %	0.82%	0.76%	0.92%	0.93%	0.66%	0.84%	0.88%	0.86%	0.79%	0.86%
EBITDA Growth %	-	0.07%	0.82%	0.2%	-0.3%	0.22%	0.26%	0.07%	-0.14%	0.02%
D&A (Non-Cash Add-back)	300.47M	448.08M	592.77M	615.41M	578.06M	566.01M	643.89M	646.12M	580.53M	543.5M
EBIT	170.22M	176.98M	541.99M	408.6M	380.99M	621M	771.98M	1.04B	606.89M	593.69M
Net Interest Income+	-140.64M	-184.01M	-282.35M	-322.73M	-316.17M	-252.98M	-222.02M	-225.83M	-288.49M	-310.74M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	140.64M	184.01M	282.35M	322.73M	316.17M	252.98M	222.02M	226.09M	288.49M	310.74M
Other Income/Expense	-149.76M	-182.11M	-286.19M	-324.89M	-3.57M	-235.57M	-247.44M	-110.83M	-240.18M	-259.65M
Pretax Income+	131.72M	-5.83M	260.25M	427.31M	380.83M	368.02M	580.6M	817.73M	528.55M	567M
Pretax Margin %	0.19%	-0.01%	0.21%	0.29%	0.26%	0.26%	0.35%	0.45%	0.31%	0.36%
Income Tax+	4.05M	-48K	-93.27M	70.64M	27.55M	38.24M	50.36M	70.81M	54.46M	48.8M
Effective Tax Rate %	0.84%	2.32%	1.32%	0.82%	0.93%	0.9%	0.91%	0.91%	0.9%	0.91%
Net Income+	111.09M	-13.52M	344.6M	349.56M	352.69M	329.78M	530.24M	746.92M	474.09M	518.2M
Net Margin %	0.16%	-0.02%	0.28%	0.24%	0.24%	0.24%	0.32%	0.41%	0.28%	0.32%
Net Income Growth %	-	-1.12%	26.49%	0.01%	0.01%	-0.06%	0.61%	0.41%	-0.37%	0.09%
Net Income (Continuing)	127.67M	-5.79M	353.53M	356.67M	353.28M	329.78M	530.24M	746.92M	474.09M	518.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	160.5M	143.5M	133.54M	121.51M	0	0	0	0	0	0
EPS (Diluted)+	2.71	-0.24	4.52	4.35	4.54	4.16	7.22	11.19	4.17	4.61
EPS Growth %	-	-1.09%	19.83%	-0.04%	0.04%	-0.08%	0.74%	0.55%	-0.63%	0.11%
EPS (Basic)	2.75	-0.24	4.55	4.38	4.57	4.18	7.26	11.25	4.17	4.61
Diluted Shares Outstanding	40.93M	56.03M	76.19M	80.36M	74.7M	69.34M	67.07M	62.1M	101.16M	101.16M
Basic Shares Outstanding	40.43M	56.03M	75.68M	79.78M	74.19M	69.05M	66.73M	61.78M	101.16M	101.16M
Dividend Payout Ratio	-	-	0.39%	0.46%	0.44%	0.44%	0.3%	0.22%	0.24%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	256.89M	800.92M	765.13M	968.44M	907.51M	727.53M	2.13B	2.19B	2.09B	2.09B
Cash & Short-Term Investments	56.69M	113.2M	132.03M	48.95M	62.3M	61.51M	230.54M	83.23M	57.78M	58.23M
Cash Only	56.69M	113.2M	132.03M	48.95M	62.3M	61.51M	230.54M	83.23M	57.78M	58.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	177.63M	190.75M	495.77M	742.45M	624.04M	508.22M	1.85B	1.87B	243.44M	232.42M
Days Sales Outstanding	91.33	84.42	146.32	184.51	156.19	133.1	403.36	372.75	52.32	53.16
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	150.16M	137.34M	177.04M	221.18M	157.79M	48.75M	241.59M	1.78B	1.8B
Total Non-Current Assets+	4.4B	7.91B	8.81B	9.3B	8.74B	8.99B	10.51B	9.92B	9.15B	10.7B
Property, Plant & Equipment	4.36B	7.37B	8.36B	8.92B	8.39B	8.63B	10.2B	9.53B	8.78B	8.64B
Fixed Asset Turnover	0.16x	0.11x	0.15x	0.16x	0.17x	0.16x	0.16x	0.19x	0.19x	0.18x
Goodwill	0	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M
Intangible Assets	0	246.6M	154.38M	92.92M	56.16M	33.67M	17.12M	6.62M	1.96M	0
Long-Term Investments	0	-311.57M	-208.06M	-268.21M	-301.32M	-327.43M	-376.01M	1.76B	-415.9M	1.69B
Other Non-Current Assets	40.06M	53.13M	49.59M	34.61M	49.75M	83.98M	56.58M	-2.02B	545.67M	135.48M
Total Assets+	4.66B	8.71B	9.58B	10.27B	9.64B	9.71B	12.64B	12.11B	11.23B	11.1B
Asset Turnover	0.15x	0.09x	0.13x	0.14x	0.15x	0.14x	0.13x	0.15x	0.15x	0.14x
Asset Growth %	-	0.87%	0.1%	0.07%	-0.06%	0.01%	0.3%	-0.04%	-0.07%	-0.01%
Total Current Liabilities+	93.43M	226.66M	238.13M	122.28M	141.47M	287.01M	592.32M	416.33M	407.51M	277.31M
Accounts Payable	89.45M	226.66M	238.13M	122.28M	141.47M	260.23M	500.13M	83.07M	148.49M	92.55M
Days Payables Outstanding	66.86	124.68	98.86	45.53	51.59	98.96	185.51	29.29	53.87	37.03
Short-Term Debt	0	0	0	0	0	668.27M	483.41M	1.01B	966.87M	526.27M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	1000K	0	0
Other Current Liabilities	-9.43M	526.88M	646.43M	910.93M	-27.02M	-685.58M	-483.41M	-1.01B	-707.84M	-341.51M
Current Ratio	2.75x	3.53x	3.21x	7.92x	6.42x	2.53x	3.60x	5.26x	5.12x	7.54x
Quick Ratio	2.75x	3.53x	3.21x	7.92x	6.42x	2.53x	3.60x	5.26x	5.12x	7.54x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	3.19B	6.68B	7.13B	7.82B	6.97B	6.86B	8.99B	8.49B	7.89B	8.02B
Long-Term Debt	3.15B	5.67B	6.09B	6.49B	6.6B	6.39B	8.55B	8.07B	7.47B	7.61B
Capital Lease Obligations	13.68M	96.78M	103.41M	75.53M	27.02M	17.3M	15.04M	0	0	0
Deferred Tax Liabilities	20.57M	317.32M	215.44M	282.13M	301.32M	327.43M	376.01M	411.63M	415.9M	410.52M
Other Non-Current Liabilities	0	-29.79M	-31.95M	-11.21M	36.09M	128.87M	48.28M	2.12M	1.83M	697K
Total Liabilities	3.28B	6.91B	7.37B	7.94B	7.11B	7.15B	9.58B	8.9B	8.3B	8.29B
Total Debt+	3.17B	6.35B	6.91B	7.53B	6.63B	7.09B	8.56B	8.07B	7.47B	7.61B
Net Debt	3.11B	6.24B	6.78B	7.48B	6.57B	7.03B	8.33B	7.99B	7.41B	7.55B
Debt / Equity	2.30x	3.52x	3.13x	3.24x	2.62x	2.76x	2.79x	2.52x	2.54x	2.71x
Debt / EBITDA	5.44x	10.18x	6.07x	5.51x	6.89x	6.06x	5.82x	5.13x	5.54x	5.55x
Net Debt / EBITDA	5.34x	9.99x	5.95x	5.47x	6.83x	6.01x	5.66x	5.08x	5.49x	5.51x
Interest Coverage	2.00x	0.96x	1.94x	2.33x	1.22x	2.39x	3.73x	4.11x	2.66x	2.66x
Total Equity+	1.38B	1.81B	2.21B	2.33B	2.53B	2.57B	3.06B	3.2B	2.94B	2.81B
Equity Growth %	-	0.31%	0.22%	0.05%	0.09%	0.01%	0.19%	0.05%	-0.08%	-0.04%
Book Value per Share	33.66	32.24	29.00	28.93	33.90	37.00	45.70	51.60	29.03	27.77
Total Shareholders' Equity	1.22B	1.66B	2.08B	2.2B	2.53B	2.57B	3.06B	3.2B	2.94B	2.81B
Common Stock	505K	744K	807K	809K	810K	812K	813K	814K	1.01M	1.01M
Retained Earnings	1.04B	945.31M	1.16B	1.35B	1.53B	1.67B	2B	2.53B	2.43B	2.29B
Treasury Stock	0	0	0	-58.11M	-278.51M	-436.82M	-522.36M	-1.08B	0	0
Accumulated OCI	-3.67M	26.76M	26.94M	14.56M	-31.63M	-133.03M	-48.82M	109.27M	85.57M	93.34M
Minority Interest	160.5M	143.5M	133.54M	121.51M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	449.3M	484.19M	806.79M	929.85M	1.06B	943.75M	1.41B	1.88B	1.15B	1.11B
Operating CF Margin %	0.63%	0.59%	0.65%	0.63%	0.73%	0.68%	0.84%	1.03%	0.68%	0.7%
Operating CF Growth %	-	0.08%	0.67%	0.15%	0.14%	-0.11%	0.49%	0.34%	-0.39%	-0.03%
Net Income	127.67M	-5.79M	353.53M	356.67M	353.28M	329.78M	530.24M	746.92M	474.09M	518.2M
Depreciation & Amortization	300.47M	448.08M	592.77M	615.41M	578.06M	566.01M	643.89M	646.12M	580.53M	543.5M
Stock-Based Compensation	12.05M	5.4M	5.64M	9.03M	8.96M	9.9M	9.37M	12.51M	7.3M	3.84M
Deferred Taxes	3.35M	-809K	-94.68M	66.47M	27.18M	35.66M	43.08M	26.02M	0	0
Other Non-Cash Items	5.85M	26.01M	-5.9M	-36.96M	38.68M	89.86M	125.62M	96.05M	157.11M	125.58M
Working Capital Changes	-88K	11.3M	-44.57M	-80.77M	55.75M	-87.45M	52.97M	357.25M	-68.83M	-77.74M
Change in Receivables	5.49M	10.11M	-5.97M	-65.39M	54.17M	-11.74M	-50.34M	44.12M	-19.46M	16.48M
Change in Inventory	0	0	0	0	-3.96M	28.36M	6.86M	0	0	0
Change in Payables	0	10.69M	-42.4M	-14.45M	3.96M	-28.36M	-6.86M	4.62M	6.29M	-29.65M
Cash from Investing+	-215.72M	-395.45M	-1.31B	-1.35B	-23.72M	-489.02M	-3.22B	-646.96M	144.29M	-555.11M
Capital Expenditures	-398.8M	-629.33M	-1.56B	-1.6B	-240.17M	-744.13M	-3.43B	-943.06M	-208.24M	-929.45M
CapEx % of Revenue	0.56%	0.76%	1.26%	1.09%	0.16%	0.53%	2.05%	0.52%	0.12%	0.58%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	183.08M	233.89M	251.47M	255.1M	217.97M	8K	-70K	-638K	352.53M	374.34M
Cash from Financing+	-242.5M	-32.23M	523.43M	351.93M	-1.03B	-471.71M	1.89B	-1.28B	-1.33B	-537.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-84.75M	-135.56M	-160.29M	-166.18M	-187.41M	-202.63M	-214.29M	-167.67M	-52.11M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-38.05M	110K	-96.99M	-40.11M	-112.06M	-29.56M	-47.58M	-6.82M	-413.99M	-624.78M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	50.51M	-145.14M	-756.07M	-673.66M	821.74M	199.62M	-2.03B	941.81M	941.97M	183.92M
FCF Margin %	0.07%	-0.18%	-0.61%	-0.46%	0.56%	0.14%	-1.21%	0.52%	0.55%	0.12%
FCF Growth %	-	-3.87%	-4.21%	0.11%	2.22%	-0.76%	-11.17%	1.46%	0%	-0.8%
FCF per Share	1.23	-2.59	-9.92	-8.38	11.00	2.88	-30.26	15.17	9.31	1.82
FCF Conversion (FCF/Net Income)	4.04x	-35.82x	2.34x	2.66x	3.01x	2.86x	2.65x	2.52x	2.43x	2.15x
Interest Paid	131.75M	181.56M	0	308.83M	0	244.28M	211.41M	208.71M	0	0
Taxes Paid	1.48M	309K	0	4.48M	0	2.19M	7.93M	47.01M	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.06%	-0.85%	17.16%	15.42%	14.52%	12.94%	18.83%	23.83%	15.44%	18.04%
Return on Invested Capital (ROIC)	4.7%	2.11%	4.81%	6%	3.05%	4.84%	5.92%	6.17%	5.35%	5.99%
Gross Margin	31.2%	19.55%	28.91%	33.25%	31.37%	33.84%	47.7%	49.69%	40.77%	42.84%
Net Margin	15.65%	-1.64%	27.86%	23.8%	24.18%	23.66%	31.62%	40.87%	27.91%	32.47%
Debt / Equity	2.30x	3.52x	3.13x	3.24x	2.62x	2.76x	2.79x	2.52x	2.54x	2.71x
Interest Coverage	2.00x	0.96x	1.94x	2.33x	1.22x	2.39x	3.73x	4.11x	2.66x	2.66x
FCF Conversion	4.04x	-35.82x	2.34x	2.66x	3.01x	2.86x	2.65x	2.52x	2.43x	2.15x
Revenue Growth	-	16.19%	49.95%	18.76%	-0.71%	-4.43%	20.32%	8.99%	-7.07%	-6.04%

Revenue by Segment

	2016	2017	2019	2020	2021	2022	2023
Equipment Trading	1.58M	3.32M	2.54M	7.56M	-	-	-
Equipment Trading Growth	-	109.79%	-23.64%	198.15%	-	-	-
Equipment Leasing	827.11M	1.16B	-	-	-	-	-
Equipment Leasing Growth	-	40.27%	-	-	-	-	-

Revenue by Geography

	2016	2017	2019	2020	2021	2022	2023
Asia	-	509.34M	-	-	64.59M	71.74M	32.67M
Asia Growth	-	-	-	-	-	11.07%	-54.46%
Americas	-	119.31M	-	-	47.64M	43.12M	23.9M
Americas Growth	-	-	-	-	-	-9.50%	-44.58%
Europe	-	526.98M	-	-	22.17M	27.62M	19.98M
Europe Growth	-	-	-	-	-	24.60%	-27.67%
Other International Countries	-	43.55M	-	-	8.57M	5.39M	19.45M
Other International Countries Growth	-	-	-	-	-	-37.05%	260.52%
BERMUDA	464K	1.77M	2.18M	1.82M	-	-	-
BERMUDA Growth	-	280.82%	23.49%	-16.59%	-	-	-

Frequently Asked Questions

Valuation & Price

Triton International Limited (TRTN-PC) has a price-to-earnings (P/E) ratio of 5.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Triton International Limited (TRTN-PC) reported $1.57B in revenue for fiscal year 2024. This represents a 121% increase from $709.9M in 2015.

Triton International Limited (TRTN-PC) saw revenue decline by 6.0% over the past year.

Yes, Triton International Limited (TRTN-PC) is profitable, generating $585.7M in net income for fiscal year 2024 (32.5% net margin).

Dividend & Returns

Yes, Triton International Limited (TRTN-PC) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Triton International Limited (TRTN-PC) has a return on equity (ROE) of 18.0%. This is reasonable for most industries.

Triton International Limited (TRTN-PC) generated $190.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Triton International Limited (TRTN-PC) 10-Year Financial Performance & Capital Metrics

TRTN-PC • • Industrial / General

IndustrialsRental & LeasingSpecialized Equipment & Modular SolutionsContainer & Intermodal Equipment Leasing

Revenue $1.6B -6.0%
EBITDA $1.37B +1.5%
Net Income $518M +9.3%
EPS (Diluted) 4.61 +10.6%
Gross Margin 42.84% +5.1%
EBITDA Margin 85.86% +8.1%
Operating Margin 51.8% +14.4%
Net Margin 32.47% +16.3%
ROE 18.04% +16.8%
ROIC 5.99% +11.9%
Debt/Equity 2.71 +6.4%
Interest Coverage 2.66 -0.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 19.1%
✓Healthy dividend yield of 2.0%
✓Healthy 5Y average net margin of 31.3%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.7x
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y1.82%

3Y-1.64%

TTM-0.1%

Profit (Net Income) CAGR

10Y-

5Y8%

3Y-0.76%

TTM51.94%

EPS CAGR

10Y-

5Y0.31%

3Y-13.89%

TTM58.78%

ROCE

10Y Avg6.3%

5Y Avg7.27%

3Y Avg7.43%

Latest7.64%

Peer Comparison

Container & Intermodal Equipment Leasing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRTN-PCTriton International Limited	2.55B	25.18	5.46	-6.04%	37.4%	23.57%	7.22%	2.71

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	709.85M	824.76M	1.24B	1.47B	1.46B	1.39B	1.68B	1.83B	1.7B	1.6B
Revenue Growth %	-	0.16%	0.5%	0.19%	-0.01%	-0.04%	0.2%	0.09%	-0.07%	-0.06%
Cost of Goods Sold+	488.35M	663.56M	879.19M	980.31M	1B	959.78M	983.99M	1.04B	1.01B	912.14M
COGS % of Revenue	0.69%	0.8%	0.71%	0.67%	0.69%	0.69%	0.59%	0.57%	0.59%	0.57%
Gross Profit+	221.5M	161.2M	357.56M	488.41M	457.44M	471.68M	799.91M	908.05M	692.37M	683.7M
Gross Margin %	0.31%	0.2%	0.29%	0.33%	0.31%	0.34%	0.48%	0.5%	0.41%	0.43%
Gross Profit Growth %	-	-0.27%	1.22%	0.37%	-0.06%	0.03%	0.7%	0.14%	-0.24%	-0.01%
Operating Expenses+	51.28M	88.92M	90.96M	79.8M	76.46M	-169.68M	-135.18M	89.91M	-76.37M	-142.95M
OpEx % of Revenue	0.07%	0.11%	0.07%	0.05%	0.05%	-0.12%	-0.08%	0.05%	-0.04%	-0.09%
Selling, General & Admin	53.44M	65.62M	87.61M	80.03M	75.87M	80.53M	89.32M	93.01M	88.84M	91.2M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.05%	0.05%	0.06%	0.05%	0.05%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-211K	1.08M	2.64M	0	590K	-250.21M	-224.5M	-3.1M	-165.21M	-234.15M
Operating Income+	281.48M	176.28M	546.44M	752.2M	384.4M	603.59M	828.03M	928.56M	768.73M	826.65M
Operating Margin %	0.4%	0.21%	0.44%	0.51%	0.26%	0.43%	0.49%	0.51%	0.45%	0.52%
Operating Income Growth %	-	-0.37%	2.1%	0.38%	-0.49%	0.57%	0.37%	0.12%	-0.17%	0.08%
EBITDA+	581.95M	624.36M	1.14B	1.37B	962.46M	1.17B	1.47B	1.57B	1.35B	1.37B
EBITDA Margin %	0.82%	0.76%	0.92%	0.93%	0.66%	0.84%	0.88%	0.86%	0.79%	0.86%
EBITDA Growth %	-	0.07%	0.82%	0.2%	-0.3%	0.22%	0.26%	0.07%	-0.14%	0.02%
D&A (Non-Cash Add-back)	300.47M	448.08M	592.77M	615.41M	578.06M	566.01M	643.89M	646.12M	580.53M	543.5M
EBIT	170.22M	176.98M	541.99M	408.6M	380.99M	621M	771.98M	1.04B	606.89M	593.69M
Net Interest Income+	-140.64M	-184.01M	-282.35M	-322.73M	-316.17M	-252.98M	-222.02M	-225.83M	-288.49M	-310.74M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	140.64M	184.01M	282.35M	322.73M	316.17M	252.98M	222.02M	226.09M	288.49M	310.74M
Other Income/Expense	-149.76M	-182.11M	-286.19M	-324.89M	-3.57M	-235.57M	-247.44M	-110.83M	-240.18M	-259.65M
Pretax Income+	131.72M	-5.83M	260.25M	427.31M	380.83M	368.02M	580.6M	817.73M	528.55M	567M
Pretax Margin %	0.19%	-0.01%	0.21%	0.29%	0.26%	0.26%	0.35%	0.45%	0.31%	0.36%
Income Tax+	4.05M	-48K	-93.27M	70.64M	27.55M	38.24M	50.36M	70.81M	54.46M	48.8M
Effective Tax Rate %	0.84%	2.32%	1.32%	0.82%	0.93%	0.9%	0.91%	0.91%	0.9%	0.91%
Net Income+	111.09M	-13.52M	344.6M	349.56M	352.69M	329.78M	530.24M	746.92M	474.09M	518.2M
Net Margin %	0.16%	-0.02%	0.28%	0.24%	0.24%	0.24%	0.32%	0.41%	0.28%	0.32%
Net Income Growth %	-	-1.12%	26.49%	0.01%	0.01%	-0.06%	0.61%	0.41%	-0.37%	0.09%
Net Income (Continuing)	127.67M	-5.79M	353.53M	356.67M	353.28M	329.78M	530.24M	746.92M	474.09M	518.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	160.5M	143.5M	133.54M	121.51M	0	0	0	0	0	0
EPS (Diluted)+	2.71	-0.24	4.52	4.35	4.54	4.16	7.22	11.19	4.17	4.61
EPS Growth %	-	-1.09%	19.83%	-0.04%	0.04%	-0.08%	0.74%	0.55%	-0.63%	0.11%
EPS (Basic)	2.75	-0.24	4.55	4.38	4.57	4.18	7.26	11.25	4.17	4.61
Diluted Shares Outstanding	40.93M	56.03M	76.19M	80.36M	74.7M	69.34M	67.07M	62.1M	101.16M	101.16M
Basic Shares Outstanding	40.43M	56.03M	75.68M	79.78M	74.19M	69.05M	66.73M	61.78M	101.16M	101.16M
Dividend Payout Ratio	-	-	0.39%	0.46%	0.44%	0.44%	0.3%	0.22%	0.24%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	256.89M	800.92M	765.13M	968.44M	907.51M	727.53M	2.13B	2.19B	2.09B	2.09B
Cash & Short-Term Investments	56.69M	113.2M	132.03M	48.95M	62.3M	61.51M	230.54M	83.23M	57.78M	58.23M
Cash Only	56.69M	113.2M	132.03M	48.95M	62.3M	61.51M	230.54M	83.23M	57.78M	58.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	177.63M	190.75M	495.77M	742.45M	624.04M	508.22M	1.85B	1.87B	243.44M	232.42M
Days Sales Outstanding	91.33	84.42	146.32	184.51	156.19	133.1	403.36	372.75	52.32	53.16
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	150.16M	137.34M	177.04M	221.18M	157.79M	48.75M	241.59M	1.78B	1.8B
Total Non-Current Assets+	4.4B	7.91B	8.81B	9.3B	8.74B	8.99B	10.51B	9.92B	9.15B	10.7B
Property, Plant & Equipment	4.36B	7.37B	8.36B	8.92B	8.39B	8.63B	10.2B	9.53B	8.78B	8.64B
Fixed Asset Turnover	0.16x	0.11x	0.15x	0.16x	0.17x	0.16x	0.16x	0.19x	0.19x	0.18x
Goodwill	0	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M	236.66M
Intangible Assets	0	246.6M	154.38M	92.92M	56.16M	33.67M	17.12M	6.62M	1.96M	0
Long-Term Investments	0	-311.57M	-208.06M	-268.21M	-301.32M	-327.43M	-376.01M	1.76B	-415.9M	1.69B
Other Non-Current Assets	40.06M	53.13M	49.59M	34.61M	49.75M	83.98M	56.58M	-2.02B	545.67M	135.48M
Total Assets+	4.66B	8.71B	9.58B	10.27B	9.64B	9.71B	12.64B	12.11B	11.23B	11.1B
Asset Turnover	0.15x	0.09x	0.13x	0.14x	0.15x	0.14x	0.13x	0.15x	0.15x	0.14x
Asset Growth %	-	0.87%	0.1%	0.07%	-0.06%	0.01%	0.3%	-0.04%	-0.07%	-0.01%
Total Current Liabilities+	93.43M	226.66M	238.13M	122.28M	141.47M	287.01M	592.32M	416.33M	407.51M	277.31M
Accounts Payable	89.45M	226.66M	238.13M	122.28M	141.47M	260.23M	500.13M	83.07M	148.49M	92.55M
Days Payables Outstanding	66.86	124.68	98.86	45.53	51.59	98.96	185.51	29.29	53.87	37.03
Short-Term Debt	0	0	0	0	0	668.27M	483.41M	1.01B	966.87M	526.27M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	1000K	0	0
Other Current Liabilities	-9.43M	526.88M	646.43M	910.93M	-27.02M	-685.58M	-483.41M	-1.01B	-707.84M	-341.51M
Current Ratio	2.75x	3.53x	3.21x	7.92x	6.42x	2.53x	3.60x	5.26x	5.12x	7.54x
Quick Ratio	2.75x	3.53x	3.21x	7.92x	6.42x	2.53x	3.60x	5.26x	5.12x	7.54x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	3.19B	6.68B	7.13B	7.82B	6.97B	6.86B	8.99B	8.49B	7.89B	8.02B
Long-Term Debt	3.15B	5.67B	6.09B	6.49B	6.6B	6.39B	8.55B	8.07B	7.47B	7.61B
Capital Lease Obligations	13.68M	96.78M	103.41M	75.53M	27.02M	17.3M	15.04M	0	0	0
Deferred Tax Liabilities	20.57M	317.32M	215.44M	282.13M	301.32M	327.43M	376.01M	411.63M	415.9M	410.52M
Other Non-Current Liabilities	0	-29.79M	-31.95M	-11.21M	36.09M	128.87M	48.28M	2.12M	1.83M	697K
Total Liabilities	3.28B	6.91B	7.37B	7.94B	7.11B	7.15B	9.58B	8.9B	8.3B	8.29B
Total Debt+	3.17B	6.35B	6.91B	7.53B	6.63B	7.09B	8.56B	8.07B	7.47B	7.61B
Net Debt	3.11B	6.24B	6.78B	7.48B	6.57B	7.03B	8.33B	7.99B	7.41B	7.55B
Debt / Equity	2.30x	3.52x	3.13x	3.24x	2.62x	2.76x	2.79x	2.52x	2.54x	2.71x
Debt / EBITDA	5.44x	10.18x	6.07x	5.51x	6.89x	6.06x	5.82x	5.13x	5.54x	5.55x
Net Debt / EBITDA	5.34x	9.99x	5.95x	5.47x	6.83x	6.01x	5.66x	5.08x	5.49x	5.51x
Interest Coverage	2.00x	0.96x	1.94x	2.33x	1.22x	2.39x	3.73x	4.11x	2.66x	2.66x
Total Equity+	1.38B	1.81B	2.21B	2.33B	2.53B	2.57B	3.06B	3.2B	2.94B	2.81B
Equity Growth %	-	0.31%	0.22%	0.05%	0.09%	0.01%	0.19%	0.05%	-0.08%	-0.04%
Book Value per Share	33.66	32.24	29.00	28.93	33.90	37.00	45.70	51.60	29.03	27.77
Total Shareholders' Equity	1.22B	1.66B	2.08B	2.2B	2.53B	2.57B	3.06B	3.2B	2.94B	2.81B
Common Stock	505K	744K	807K	809K	810K	812K	813K	814K	1.01M	1.01M
Retained Earnings	1.04B	945.31M	1.16B	1.35B	1.53B	1.67B	2B	2.53B	2.43B	2.29B
Treasury Stock	0	0	0	-58.11M	-278.51M	-436.82M	-522.36M	-1.08B	0	0
Accumulated OCI	-3.67M	26.76M	26.94M	14.56M	-31.63M	-133.03M	-48.82M	109.27M	85.57M	93.34M
Minority Interest	160.5M	143.5M	133.54M	121.51M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	449.3M	484.19M	806.79M	929.85M	1.06B	943.75M	1.41B	1.88B	1.15B	1.11B
Operating CF Margin %	0.63%	0.59%	0.65%	0.63%	0.73%	0.68%	0.84%	1.03%	0.68%	0.7%
Operating CF Growth %	-	0.08%	0.67%	0.15%	0.14%	-0.11%	0.49%	0.34%	-0.39%	-0.03%
Net Income	127.67M	-5.79M	353.53M	356.67M	353.28M	329.78M	530.24M	746.92M	474.09M	518.2M
Depreciation & Amortization	300.47M	448.08M	592.77M	615.41M	578.06M	566.01M	643.89M	646.12M	580.53M	543.5M
Stock-Based Compensation	12.05M	5.4M	5.64M	9.03M	8.96M	9.9M	9.37M	12.51M	7.3M	3.84M
Deferred Taxes	3.35M	-809K	-94.68M	66.47M	27.18M	35.66M	43.08M	26.02M	0	0
Other Non-Cash Items	5.85M	26.01M	-5.9M	-36.96M	38.68M	89.86M	125.62M	96.05M	157.11M	125.58M
Working Capital Changes	-88K	11.3M	-44.57M	-80.77M	55.75M	-87.45M	52.97M	357.25M	-68.83M	-77.74M
Change in Receivables	5.49M	10.11M	-5.97M	-65.39M	54.17M	-11.74M	-50.34M	44.12M	-19.46M	16.48M
Change in Inventory	0	0	0	0	-3.96M	28.36M	6.86M	0	0	0
Change in Payables	0	10.69M	-42.4M	-14.45M	3.96M	-28.36M	-6.86M	4.62M	6.29M	-29.65M
Cash from Investing+	-215.72M	-395.45M	-1.31B	-1.35B	-23.72M	-489.02M	-3.22B	-646.96M	144.29M	-555.11M
Capital Expenditures	-398.8M	-629.33M	-1.56B	-1.6B	-240.17M	-744.13M	-3.43B	-943.06M	-208.24M	-929.45M
CapEx % of Revenue	0.56%	0.76%	1.26%	1.09%	0.16%	0.53%	2.05%	0.52%	0.12%	0.58%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	183.08M	233.89M	251.47M	255.1M	217.97M	8K	-70K	-638K	352.53M	374.34M
Cash from Financing+	-242.5M	-32.23M	523.43M	351.93M	-1.03B	-471.71M	1.89B	-1.28B	-1.33B	-537.77M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-84.75M	-135.56M	-160.29M	-166.18M	-187.41M	-202.63M	-214.29M	-167.67M	-52.11M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-38.05M	110K	-96.99M	-40.11M	-112.06M	-29.56M	-47.58M	-6.82M	-413.99M	-624.78M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	50.51M	-145.14M	-756.07M	-673.66M	821.74M	199.62M	-2.03B	941.81M	941.97M	183.92M
FCF Margin %	0.07%	-0.18%	-0.61%	-0.46%	0.56%	0.14%	-1.21%	0.52%	0.55%	0.12%
FCF Growth %	-	-3.87%	-4.21%	0.11%	2.22%	-0.76%	-11.17%	1.46%	0%	-0.8%
FCF per Share	1.23	-2.59	-9.92	-8.38	11.00	2.88	-30.26	15.17	9.31	1.82
FCF Conversion (FCF/Net Income)	4.04x	-35.82x	2.34x	2.66x	3.01x	2.86x	2.65x	2.52x	2.43x	2.15x
Interest Paid	131.75M	181.56M	0	308.83M	0	244.28M	211.41M	208.71M	0	0
Taxes Paid	1.48M	309K	0	4.48M	0	2.19M	7.93M	47.01M	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.06%	-0.85%	17.16%	15.42%	14.52%	12.94%	18.83%	23.83%	15.44%	18.04%
Return on Invested Capital (ROIC)	4.7%	2.11%	4.81%	6%	3.05%	4.84%	5.92%	6.17%	5.35%	5.99%
Gross Margin	31.2%	19.55%	28.91%	33.25%	31.37%	33.84%	47.7%	49.69%	40.77%	42.84%
Net Margin	15.65%	-1.64%	27.86%	23.8%	24.18%	23.66%	31.62%	40.87%	27.91%	32.47%
Debt / Equity	2.30x	3.52x	3.13x	3.24x	2.62x	2.76x	2.79x	2.52x	2.54x	2.71x
Interest Coverage	2.00x	0.96x	1.94x	2.33x	1.22x	2.39x	3.73x	4.11x	2.66x	2.66x
FCF Conversion	4.04x	-35.82x	2.34x	2.66x	3.01x	2.86x	2.65x	2.52x	2.43x	2.15x
Revenue Growth	-	16.19%	49.95%	18.76%	-0.71%	-4.43%	20.32%	8.99%	-7.07%	-6.04%

Revenue by Segment

	2016	2017	2019	2020	2021	2022	2023
Equipment Trading	1.58M	3.32M	2.54M	7.56M	-	-	-
Equipment Trading Growth	-	109.79%	-23.64%	198.15%	-	-	-
Equipment Leasing	827.11M	1.16B	-	-	-	-	-
Equipment Leasing Growth	-	40.27%	-	-	-	-	-

Revenue by Geography

	2016	2017	2019	2020	2021	2022	2023
Asia	-	509.34M	-	-	64.59M	71.74M	32.67M
Asia Growth	-	-	-	-	-	11.07%	-54.46%
Americas	-	119.31M	-	-	47.64M	43.12M	23.9M
Americas Growth	-	-	-	-	-	-9.50%	-44.58%
Europe	-	526.98M	-	-	22.17M	27.62M	19.98M
Europe Growth	-	-	-	-	-	24.60%	-27.67%
Other International Countries	-	43.55M	-	-	8.57M	5.39M	19.45M
Other International Countries Growth	-	-	-	-	-	-37.05%	260.52%
BERMUDA	464K	1.77M	2.18M	1.82M	-	-	-
BERMUDA Growth	-	280.82%	23.49%	-16.59%	-	-	-

Frequently Asked Questions

Valuation & Price

Triton International Limited (TRTN-PC) has a price-to-earnings (P/E) ratio of 5.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Triton International Limited (TRTN-PC) reported $1.57B in revenue for fiscal year 2024. This represents a 121% increase from $709.9M in 2015.

Triton International Limited (TRTN-PC) saw revenue decline by 6.0% over the past year.

Yes, Triton International Limited (TRTN-PC) is profitable, generating $585.7M in net income for fiscal year 2024 (32.5% net margin).

Dividend & Returns

Yes, Triton International Limited (TRTN-PC) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Triton International Limited (TRTN-PC) has a return on equity (ROE) of 18.0%. This is reasonable for most industries.

Triton International Limited (TRTN-PC) generated $190.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.