TRTN-PA on NYSE

Triton International

American container leasing company

Triton International Limited is a leasing company based in Hamilton, Bermuda, specializing in intermodal freight equipment leasing and maritime container management services. The company's fleet included 7.1 million TEU containers, open tops, flat racks, generator sets and chassis. Triton was founded in 1981 in a partnership between Ed Schneider and Thomas Pritzker.3 Its shares trade on NYSE under the symbol TRTN-PA.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

$59.5MRevenue, fiscal 20254
$508.4MNet income, fiscal 20254
Jul 12, 2016Founded1

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  • TickerTRTN-PA on NYSE1
  • IndustryServices-Equipment Rental & Leasing, NEC1
  • HeadquartersHamilton1
  • Websitewww.trtn.com
  • Legal formjoint-stock company1
  • Incorporated inBermuda5
  • Business addressVictoria Place, 5Th Floor, 31 Victoria Street, Hamilton5
  • Filer categoryNon-accelerated filer5

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Triton International Limited is a leasing company based in Hamilton, Bermuda, specializing in intermodal freight equipment leasing and maritime container management services. The company's fleet included 7.1 million TEU containers, open tops, flat racks, generator sets and chassis.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.6%Gross margin4
1373.5%Operating margin4
854.3%Net margin4
22.4%Revenue growth, 20254
19.7%Return on equity4
2.56×Debt to equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Americas brought in 52% of the revenue Triton International broke down this way in fiscal 2025.

  1. Americas$31.1M452%up 97% from 2024
  2. Europe$12.0M420%up 24% from 2024
  3. Other International Countries$9.9M417%up 13% from 2024
  4. Asia$6.5M411%down 55% from 2024
Regions by year
Regions202320242025
Americas$23.9M$15.8M$31.1M
Europe$20.0M$9.7M$12.0M
Other International Countries$19.4M$8.7M$9.9M
Asia$32.7M$14.4M$6.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue7¢$57.4M
  • Interest30¢$263.5M
  • Income tax5¢$45.5M
  • Profit58¢$508.4M

Out of $59.5M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$972.1M

Out of $972.1M of cash from operations.4

Financial statements

Revenue6789104$59.5M in 2025−28% since 2018
0$50.0M$100.0M$150.0M2018: $83.0M$83.0M20182019: $84.0M$84.0M2019+1%2020: $85.8M$85.8M2020+2%2021: $143.0M$143.0M2021+67%2022: $147.9M$147.9M2022+3%2023: $96.0M$96.0M2023−35%2024: $48.6M$48.6M2024−49%2025: $59.5M$59.5M2025+22%
Gross profit6789104$2.2M in 2025−89% since 2018
0$10.0M$20.0M$30.0M$40.0M2018: $18.9M$18.9M20182019: $14.5M$14.5M2019−23%2020: $14.8M$14.8M2020+2%2021: $34.1M$34.1M2021+130%2022: $16.0M$16.0M2022−53%2023: $7.9M$7.9M2023−51%2024: $4.3M$4.3M2024−46%2025: $2.2M$2.2M2025−50%
Operating income6789104$817.4M in 2025+9% since 2018
0$500.0M$1.0B$1.5B2018: $752.2M$752.2M20182019: $697.2M$697.2M2019−7%2020: $641.4M$641.4M2020−8%2021: $935.1M$935.1M2021+46%2022: $1.0B$1.0B2022+12%2023: $768.7M$768.7M2023−26%2024: $826.6M$826.6M2024+8%2025: $817.4M$817.4M2025−1%
Net income6789104$508.4M in 2025+43% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $356.7M$356.7M20182019: $353.3M$353.3M2019−1%2020: $329.8M$329.8M2020−7%2021: $530.2M$530.2M2021+61%2022: $746.9M$746.9M2022+41%2023: $474.1M$474.1M2023−37%2024: $518.2M$518.2M2024+9%2025: $508.4M$508.4M2025−2%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Operating lease revenues$1.2B$1.4B$1.4B
Finance lease revenues$111.9M$107.9M$105.3M
Management fee revenues$19.5M$0$0
Total revenues$1.4B$1.5B$1.5B
Equipment trading revenues$59.5M$48.6M$96.0M
Equipment trading expenses-$57.4M-$44.3M-$88.1M
Trading margin$2.2M$4.3M$7.9M
Net gain (loss) on sale of leasing equipment$22.2M$12.4M$58.6M
Depreciation and amortization$386.6M$541.5M$575.6M
Direct operating expenses$62.3M$66.4M$101.6M
Administrative expenses$107.3M$91.2M$88.8M
Transaction and other costs$0$27.0M$79.0M
Provision (reversal) for doubtful accounts$3.6M-$1.2M-$3.4M
Total operating expenses$559.8M$724.9M$841.6M
Operating income (loss)$817.4M$826.6M$768.7M
Interest and debt expense$263.5M$259.9M$240.8M
Other (income) expense, net$50.0K-$290.0K-$658.0K
Total other (income) expenses$263.5M$259.7M$240.2M
Income (loss) before income taxes$553.9M$567.0M$528.6M
Income tax expense (benefit)$45.5M$48.8M$54.5M
Net income (loss)$508.4M$518.2M$474.1M
Less: dividends on preferred shares$62.4M$52.1M$52.1M
Net income (loss) attributable to shareholders-$446.0M-$466.1M-$422.0M

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Corporate structure

Triton International sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Triton International

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Triton International, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • MILLENNIUM MANAGEMENT LLC Filed SC 13G on Triton International, latest Oct 10, 2023
  • VANGUARD GROUP INC Filed SC 13G/A on Triton International, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
  • Triton International Hamilton

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Triton International reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$7.3B4 Dec 31, 2025$8.6B4 Dec 31, 2024−15.8%
Operating-lease assets (leased space)$9.9M4 Dec 31, 2025$10.6M4 Dec 31, 2024−6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$40.3M4 Dec 31, 2025$58.2M4 Dec 31, 2024−30.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$236.7M4 Dec 31, 2025$236.7M4 Dec 31, 20240%

Leadership

Who has led Triton International, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian Sondey2016–now

Chair

  1. Brian Sondey2016–2023

President

  1. Simon R. Vernon2016–2018

Chief financial officer

  1. Michael S. Pearl2023–now
20202025
Board members and other officers (30)

Timeline

  1. Nov 18, 20248-K Regulation FD disclosure; Other events46
  2. Nov 8, 20248-K Other events47
  3. Aug 5, 20248-K Other events48
  4. Jul 10, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation49
  5. May 1, 20248-K Shareholder vote50
  6. Mar 1, 20248-K Executive or director change51
  7. Jan 30, 20248-K Executive or director change52
  8. Jan 22, 20248-K Entered a material agreement; New debt or obligation53
  9. Sep 28, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights54
  10. Sep 6, 20238-K Entered a material agreement; New debt or obligation55
  11. Aug 24, 20238-K Shareholder vote56
  12. Aug 17, 20238-K Other events57
  13. Jul 12, 2016New chief executive Brian Sondey becomes CEO16
  14. Jul 12, 2016Founded Founded1

Calendar

When it reported results

  1. Aug 1, 2023Reported quarterly or annual results58
  2. May 2, 2023Reported quarterly or annual results59
  3. Feb 14, 2023Reported quarterly or annual results60
  4. Nov 1, 2022Reported quarterly or annual results61
  5. Jul 28, 2022Reported quarterly or annual results62
  6. May 3, 2022Reported quarterly or annual results63
  7. Feb 15, 2022Reported quarterly or annual results64
  8. Oct 26, 2021Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

197 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 33 major events, 80 insider forms, 9 large holders, 60 other. The latest 20:

  1. Sep 4, 20263 EDGAR
  2. Aug 18, 20266-K EDGAR
  3. Jul 31, 20266-K EDGAR
  4. Apr 28, 20266-K EDGAR
  5. Mar 16, 20263 EDGAR
  6. Mar 16, 20263 EDGAR
  7. Mar 16, 20263 EDGAR
  8. Mar 16, 20263 EDGAR
  9. Mar 16, 20263 EDGAR
  10. Mar 16, 20263 EDGAR
  11. Mar 16, 20263 EDGAR
  12. Mar 16, 20263 EDGAR
  13. Mar 16, 20263 EDGAR
  14. Mar 16, 20263 EDGAR
  15. Mar 16, 20263 EDGAR
  16. Feb 20, 202620-F 20-F Q4 2025 EDGAR
  17. Jan 21, 20266-K EDGAR
  18. Jan 15, 2026424B5 EDGAR
  19. Jan 14, 2026FWP EDGAR
  20. Jan 13, 2026424B5 EDGAR

The 197 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 0 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 16, 2022O'Callaghan John F.Executive Vice PresidentSale10,000$70.00$700.0KForm 4
Jan 12, 2022O'Callaghan John F.Executive Vice PresidentSale7,000$65.00$455.0KForm 4
Jan 3, 2022Gallagher MichelleSVP, Chief Accounting OfficerSale2,106$60.65$127.7KForm 4
Dec 27, 2021Alspaugh Robert WDirectorSale5,000$60.01$300.1KForm 4
Dec 6, 2021Alspaugh Robert WDirectorSale5,000$58.00$290.0KForm 4
Oct 28, 2021Vernon Simon RDirectorSale25,000$62.50$1.6MForm 4
Oct 26, 2021Vernon Simon RDirectorSale25,000$60.00$1.5MForm 4
Oct 26, 2021O'Callaghan John F.Executive Vice PresidentSale5,000$60.00$300.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Triton International is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTriton International Ltd2
  • CIK0001660734
  • Employer ID (EIN)98-12765722
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company69
  • Incorporated inBermuda69
  • Fiscal year endsDecember 312
  • Industry code (SIC)7359 Services-Equipment Rental & Leasing, NEC2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business addressVictoria Place, 5Th Floor, 31 Victoria Street, Hamilton, Bermuda2
  • Phone(914) 697-29002
  • Shares outstanding101,158,891 shares as of Dec 31, 202569
  • AuditorDeloitte & Touche LLP ("Deloitte"), New York, NY PCAOB ID 34; no auditor attestation of internal control over financial reporting69
  • On EDGAR sinceDec 24, 20152
  • Filings599 in all: 4 (232), 8-K (93), 3 (43), 10-Q (27), 424B5 (19), SC 13G/A (19), 6-K (15), 4/A (14)2
    All 42 form types

    425 (13), SC 13D/A (11), FWP (10), CORRESP (9), 10-K (8), 5 (8), 8-A12B (8), CERT (8), DEF 14A (7), SC 13G (6), DEFA14A (5), UPLOAD (5), 424B7 (4), S-4/A (4), 8-K/A (3), EFFECT (3), SC 13D (3), 20-F (2), 3/A (2), 424B3 (2), F-3 (2), S-3ASR (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), ARS (1), CERTNYS (1), DEFM14A (1), POSASR (1), PRE 14A (1), S-4 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (20-F) Feb 20, 2026
    Quarterly report (10-Q) Nov 7, 2024
    Proxy statement (DEF 14A) Mar 15, 2023
    Latest 8-K (8-K) Nov 18, 2024

Securities registered for trading

ClassSymbolExchange
8.50% Series A Cumulative Redeemable Perpetual Preference SharesTRTN PRANew York Stock Exchange
8.00% Series B Cumulative Redeemable Perpetual Preference SharesTRTN PRBNew York Stock Exchange
7.375% Series C Cumulative Redeemable Perpetual Preference SharesTRTN PRCNew York Stock Exchange
6.875% Series D Cumulative Redeemable Perpetual Preference SharesTRTN PRDNew York Stock Exchange
5.75% Series E Cumulative Redeemable Perpetual Preference SharesTRTN PRENew York Stock Exchange
7.625% Series F Cumulative Redeemable Perpetual Preference SharesTRTN PRFNew York Stock Exchange
7.500% Series G Cumulative Redeemable Perpetual Preference SharesTRTN PRGNew York Stock Exchange

From the cover page of the 20-F filed Feb 20, 2026 (Section 12(b) of the Exchange Act).69

Sources

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