Latest Ratios: P/E Ratio 5.5x · EV/EBITDA 9.5x · ROE 18.8%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $2.5B | $2.5B | $2.4B | $1.4B | $1.8B | $1.9B | $1.9B | — | — | — |
| Enterprise Value | $8.9B | $9.0B | $10.0B | $9.8B | $9.4B | $10.3B | $8.9B | $8.5B | — | — | — |
| P/E Ratio → | 5.54 | 5.71 | 5.30 | 5.69 | 2.06 | 3.77 | 6.59 | 5.71 | — | — | — |
| P/S Ratio | 1.72 | 1.78 | 1.56 | 1.46 | 0.78 | 1.09 | 1.36 | 1.35 | — | — | — |
| P/B Ratio | 0.95 | 0.99 | 0.88 | 0.82 | 0.45 | 0.60 | 0.74 | 0.76 | — | — | — |
| P/FCF | — | — | 13.44 | 2.55 | 1.52 | — | 9.52 | 2.36 | — | — | — |
| P/OCF | 2.54 | 2.62 | 2.22 | 2.09 | 0.76 | 1.30 | 2.01 | 1.82 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.26 | 6.33 | 5.98 | 5.15 | 6.13 | 6.41 | 5.94 | — | — | — |
| EV / EBITDA | 9.47 | 9.55 | 7.24 | 7.16 | 5.98 | 6.99 | 7.63 | 6.81 | — | — | — |
| EV / EBIT | 16.07 | 16.21 | 11.41 | 12.01 | 9.02 | 12.81 | 14.79 | 12.69 | — | — | — |
| EV / FCF | — | — | 54.47 | 10.42 | 10.00 | — | 44.72 | 10.35 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.3% | 46.3% | 58.8% | 53.3% | 55.7% | 54.6% | 49.3% | 52.2% | 54.1% | 50.3% | 41.7% |
| Operating Margin | 38.6% | 38.6% | 53.1% | 48.1% | 50.8% | 49.4% | 43.3% | 46.8% | 48.6% | 42.7% | 31.2% |
| Net Profit Margin | 35.4% | 35.4% | 32.7% | 28.9% | 40.9% | 31.6% | 23.7% | 24.6% | 24.4% | 28.7% | -1.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 18.8% | 18.0% | 15.4% | 23.8% | 18.8% | 12.9% | 14.5% | 15.4% | 17.2% | -0.8% |
| ROA | 4.9% | 4.9% | 4.6% | 4.1% | 6.0% | 4.7% | 3.4% | 3.5% | 3.5% | 3.8% | -0.2% |
| ROIC | 4.3% | 4.3% | 6.1% | 5.5% | 6.1% | 5.9% | 4.8% | 5.3% | 5.6% | 4.5% | 3.2% |
| ROCE | 5.7% | 5.7% | 7.8% | 7.0% | 7.8% | 7.7% | 6.4% | 6.8% | 7.2% | 5.8% | 4.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.54 | 2.54 | 2.71 | 2.54 | 2.52 | 2.79 | 2.76 | 2.62 | 3.24 | 3.13 | 3.52 |
| Debt / EBITDA | 7.00 | 7.00 | 5.49 | 5.45 | 5.13 | 5.82 | 6.06 | 5.31 | 5.74 | 6.25 | 8.92 |
| Net Debt / Equity | — | 2.49 | 2.69 | 2.52 | 2.49 | 2.76 | 2.74 | 2.59 | 3.22 | 3.07 | 3.45 |
| Net Debt / EBITDA | 6.84 | 6.84 | 5.45 | 5.41 | 5.08 | 5.75 | 6.01 | 5.26 | 5.70 | 6.13 | 8.76 |
| Debt / FCF | — | — | 41.04 | 7.87 | 8.49 | — | 35.20 | 7.99 | — | — | — |
| Interest Coverage | — | — | 2.82 | 2.83 | 4.62 | 3.62 | 2.39 | 2.12 | 2.16 | 1.82 | 1.43 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.31 | 0.31 | 7.54 | 5.12 | 5.26 | 3.60 | 2.53 | 6.42 | 7.92 | 3.21 | 3.53 |
| Quick Ratio | 0.31 | 0.31 | 7.54 | 5.12 | 5.26 | 3.60 | 2.53 | 6.42 | 7.92 | 3.21 | 3.53 |
| Cash Ratio | 0.13 | 0.13 | 0.21 | 0.14 | 0.20 | 0.18 | 0.21 | 0.44 | 0.40 | 0.55 | 0.50 |
| Asset Turnover | — | 0.15 | 0.14 | 0.15 | 0.15 | 0.13 | 0.14 | 0.15 | 0.14 | 0.13 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 51.16 | 53.57 | 54.19 | 372.75 | 403.36 | 133.10 | 159.14 | 189.06 | 150.68 | 82.39 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.1% | 9.8% | 2.1% | 4.8% | 11.4% | 8.6% | 7.7% | 7.9% | — | — | — |
| Payout Ratio | 49.2% | 49.2% | — | 24.4% | 21.7% | 29.7% | 44.4% | 43.6% | 45.9% | 39.3% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.1% | 17.5% | 18.9% | 17.6% | 48.7% | 26.5% | 15.2% | 17.5% | — | — | — |
| FCF Yield | — | — | 7.4% | 39.2% | 65.9% | — | 10.5% | 42.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 5.4% | 38.8% | 4.5% | 8.3% | 11.8% | — | — | — |
| Total Shareholder Yield | 10.1% | 9.8% | 2.1% | 10.2% | 50.1% | 13.1% | 16.0% | 19.7% | — | — | — |
| Shares Outstanding | — | $101M | $101M | $101M | $62M | $67M | $69M | $75M | $80M | $76M | $56M |
High leverage and trade sensitivity
According to current market data, Triton trades at a forward P/E of 2.43, which, when compared to historical norms and broader industrial peers, suggests that investors are heavily discounting the company's future earnings potential due to persistent revenue contraction and broader macroeconomic uncertainty in global trade.
The low forward P/E multiple relative to the trailing P/E of 5.54 implies that the market anticipates a significant decline in earnings, likely driven by the cooling of lease rates and lower utilization. While the 10.1% dividend yield is attractive, it may reflect a market perception of elevated risk regarding the sustainability of payouts in a post-acquisition, private-equity-controlled environment.
Based on reported financial figures, Triton's ROIC has remained consistently low, hovering between 1.4% and 1.7% over the last ten quarters, which indicates that the company is struggling to generate meaningful returns on its massive, capital-intensive investment in the global intermodal container fleet.
This persistent underperformance in ROIC suggests that the high depreciation and interest costs inherent in the leasing model are effectively neutralizing the benefits of the company's scale. Investors should monitor whether this trend is a structural byproduct of the asset-heavy business model or a temporary result of the current interest rate environment.
As reported in recent quarterly filings, Triton's DSO has fluctuated between 48 and 60 days, while DPO has shown significant variance, suggesting that the company's ability to manage its working capital cycle is highly sensitive to the shifting payment terms of its global shipping line customers.
The lack of a stable cash conversion cycle indicates that Triton may be using its balance sheet to provide flexibility to lessees, which could be a competitive necessity but introduces operational risk. The variability in these metrics warrants further investigation into whether the company is experiencing increased pressure from customers to extend payment terms.
According to quarterly balance sheet data, Triton maintains a debt-to-equity ratio of 2.42 as of 2026Q1, which, while showing minor improvement from previous periods, continues to signal a heavy reliance on debt financing that leaves the company vulnerable to interest rate volatility and refinancing risks.
The interest coverage ratio, which has hovered near 2.6x-3.0x, suggests that while debt service is currently manageable, the margin for error is thin should operating cash flows continue to face pressure from trade volume declines. This leverage profile is particularly concerning for preferred shareholders, as it limits the company's financial flexibility during cyclical downturns.
As indicated by industry analysis, the Price-to-Book (P/B) ratio of 0.95 is frequently misapplied to Triton, as it fails to account for the potential obsolescence of the container fleet and the aggressive depreciation schedules that may mask the true economic value of the underlying assets.
Investors should instead focus on the Net Asset Value (NAV) adjusted for current market resale prices of steel containers, as book value is heavily influenced by accounting assumptions rather than market reality. Relying on P/B may lead to an overestimation of the company's floor value in a scenario where secondary market demand for used containers collapses.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying TRTN-PC stock.
Triton International Limited's current P/E ratio is 5.5x. The historical average is 5.0x. This places it at the 43th percentile of its historical range.
Triton International Limited's current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
Triton International Limited's return on equity (ROE) is 18.8%. The historical average is 14.7%.
Based on historical data, Triton International Limited is trading at a P/E of 5.5x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Triton International Limited's current dividend yield is 10.12% with a payout ratio of 49.2%.
Triton International Limited has 46.3% gross margin and 38.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Triton International Limited's Debt/EBITDA ratio is 7.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.