Triton International Ltd

TRTN-PA
About the company

Triton International Limited leases and sells intermodal shipping containers and related equipment. Its products include dry containers, refrigerated containers, flat racks, open tops, tank containers, palletwide containers, chassis, generator sets, and rolltrailers. Triton International Limited was formerly known as Triton Container International Limited and changed its name to Triton International Limited on July 13, 2016. The company was founded in 1980 and is based in Hamilton, Bermuda.

Country: BermudaPrice: $23.60Market Cap: $2.4B

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

3 / 11

NEUTRAL / FAIL

Median fair value

$86.52

+266.5% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

TRTN-PA undervalued: all 2 models price fair value above $23.60 (median $86.52)

Key risk

No clean pass — all 8 investors flag at least one efficiency criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALNEUTRALFAILFAILFAILFAILPASSPASSFAILFAILFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/A+62.4%N/AN/AN/AN/A+78.6%N/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-02-20

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 2▾

    TRTN-PA undervalued: all 2 models price fair value above $23.60 (median $86.52)

    Greenblatt fair value$62.81
    ✓Greenblatt+62.4% margin vs $23.60
    Akre fair value$110.23
    ✓Akre+78.6% margin vs $23.60

Where It Falls Short

  • Efficiency0% pass✓ 1✗ 10▾

    No clean pass — all 8 investors flag at least one efficiency criterion

    Current Ratio
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)6.6%
    ✗Buffett> 10%
    ROIC - WACC-3.4%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)
    ✗Greenblatt> 25%
    Current Ratio Change YoY
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.00x -> 0.01x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities
    ✗Dreman> 1.5
    Return on Invested Capital7.0%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=5.8%; FY2024: ROIC=6.2%; FY2025: ROIC=7.0%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC7.0% (RR=100% x ROIC=7.0%)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest 7.0%)
    ✗SleepROIC > 12% in a majority of years
  • Debt & Leverage8% pass✓ 1✗ 14▾

    11 of 12 flag TRTN-PA's debt & leverage — Graham, Buffett, Lynch +8 more

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 2.56, IC: 3.1x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity2.56
    ✗Lynch< 0.33
    Cash - Long-term Debt$-6.6B
    ✗LynchPositive preferred
    LT Debt / Total Assets Change68.97% -> 67.34%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity2.56
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt Levels2.56
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=3.1x, D/EBITDA=5.5x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity2.56
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-2.5559; #3882/4210 (top 92.2%)
    ✗AsnessTop 30% of eligible cross-section
  • Valuation15% pass✓ 10✗ 18▾

    11 of 13 flag TRTN-PA's valuation — Graham, Lynch, Greenblatt +8 more

    Price / Book Value per Share0.9x
    ✓Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.9x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value9.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=9.1%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)2.5x
    ✓Dreman< 8x
    Valuation ReasonablenessOE Yield=37.5%
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF Yield
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=0.9x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($23.60)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+21.29%; #256/6340 (top 4.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+1.0829; #1341/6449 (top 20.8%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share1.63x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.0249; #4721/5247 (top 90.0%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-8.76%; #3363/6202 (top 54.2%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Verdicts15% pass✓ 2✗ 11▾

    Split decision: 11 FAIL · 3 NEUTRAL · 2 PASS

    Overall verdict
    ✗GrahamFAIL (1/9)✗BuffettFAIL (3/9)✗LynchFAIL (4/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 7)•DremanNEUTRAL (7/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (0/6)✗MarksFAIL (2/5)✓AckmanPASS (4/9)✓TempletonPASS (4/8)✗SleepFAIL (2/6)✗AsnessFAIL (Rank #931/2370 (Top 39.3%))✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Profitability38% pass✓ 21✗ 14▾

    10 of 16 flag TRTN-PA's profitability — Graham, Buffett, Lynch +7 more

    Positive EPS (10 years)8/13 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)11/13 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)19.0%
    ✓Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)1373.5% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy$841.4M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)0.63
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR19.9%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    ROE19.7%
    ✓Lynch> 15%
    EBIT / Enterprise Value9.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=9.1%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets5.18%
    ✓PiotroskiROA > 0
    ROA Change YoY4.67% -> 5.18% (delta: +0.51%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=9.90%, ROA=5.18%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY8.8% -> 3.6%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue930.7%
    ✓Dreman>= 8%
    Net Income / Shareholders' Equity19.7%
    ✓Dreman> 12%
    Margin of SafetyP/B=0.9x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity18.1% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency11/12 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue1373.5%
    ✓Ackman>= 15%
    Net Income / Shareholders Equity19.7%
    ✓Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend800.8% (2023) -> 1373.5% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 8.2% -> 3.6%, operating margin 800.8% -> 1373.5%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+21.29%; #256/6340 (top 4.0%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+0.02%; #3470/3702 (top 93.7%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity+19.66%; #807/5226 (top 15.4%)
    ✓AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0073; #639/5884 (top 10.9%)
    ✓AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR19.9% over 5 years
    ✓Neff7%-20% annualized
    Positive Diluted-EPS Years6/7 years positive
    ✓Schloss>= 70% positive over 5-10 observed years (app rule)
  • Growth38% pass✓ 6✗ 7▾

    5 of 8 flag TRTN-PA's growth — Graham, Lynch, Ackman +2 more

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR19.9%
    ✓Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$3.52 (2014) -> $11.19 (2022)
    ✓DremanPositive over recent years
    EPS CAGR15.6% CAGR over 8 years
    ✓Dreman> 5% annualized
    Positive Net Income Frequency11/12 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-35.1%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency2/2 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 8.2% -> 3.6%, operating margin 800.8% -> 1373.5%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-7.1%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR19.9% over 5 years
    ✓Neff7%-20% annualized
  • Cash Flow50% pass✓ 6✗ 6▾

    5 of 10 pass — Pabrai, Marks, Ackman +2 more object

    Free Cash Flow Proxy$841.4M
    ✓BuffettPositive and growing
    FCF Positive and Growing$942.0M
    ✓LynchPositive and growing
    Operating Cash Flow$972.1M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=9.90%, ROA=5.18%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)2.5x
    ✓Dreman< 8x
    P/E or FCF Yield
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive5/10 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency12/12 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services
Size: Mid Cap($2.4B)
Revenue: $59.5M+22.4% YoY
Net Income: $508.4M-1.9% YoY

Financial Snapshot

Operating Margin1373.5%
Return on Equity19.7%
Debt / Equity2.56
Current Ratio--
Shares Retired0.0% / 0.0% 2y

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Shareholder Return

Fiscal 2025

Retired 0.0% of shares last year, 0.0% over two.

Buybacks
—
Dividends
$0

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22
55.0% = 40.9% + 10.0%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2025
Sources
  • 20-F · 2026-02-20
FY 2024
Sources
  • 20-F · 2025-02-28
FY 2023
Sources
  • 10-K · 2024-02-29
FY 2022
Sources
  • 10-K · 2023-02-14
FY 2021
Sources
  • 10-K · 2022-02-15
Market Cap$2.4Bcurrent$2.6Best.$2.1Best.$1.2Best.$1.3Best.
Revenue$59.5M↑22%$48.6M↓49%$96.0M↓35%$147.9M↑3%$143.0M
Operating Income$817.4M↓1%$826.6M↑8%$768.7M↓26%$1.0B↑12%$935.1M
Net Income$508.4M↓2%$518.2M↑9%$474.1M↓37%$746.9M↑41%$530.2M
EPS (Diluted)------$11.19↑55%$7.22
Gross Margin3.6%↓59%8.8%↑7%8.2%↓24%10.8%↓55%23.9%
Operating Margin1373.5%↓19%1699.6%↑112%800.8%↑13%706.2%↑8%654.1%
ROE19.7%↑7%18.4%↑14%16.1%↓31%23.3%↑35%17.3%
Total Debt$6.6B↓14%$7.7B↑2%$7.5B↓8%$8.1B↓6%$8.6B
Shareholders' Equity$2.6B↓8%$2.8B↓4%$2.9B↓8%$3.2B↑5%$3.1B
Current Ratio—————
Debt / Equity2.56↓6%2.73↑6%2.56↑1%2.54↓10%2.82
Operating Cash Flow$972.1M↓13%$1.1B↓3%$1.2B↓39%$1.9B↑34%$1.4B
Free Cash Flow----$942.0M$941.8M↑146%-$2.0B

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Business Services

TRTN-PA vs Peers — Financial Grading

Revenue$59.5MBottom 25%
Net Income$508.4MMedian
ROE19.7%Median
D/E2.56Bottom 25%
Op. Margin1373.5%Top 25%
Curr. Ratio—
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
AUTOMATIC DATA PROCESSING INCADP$122.3B$309.93$21.9B$4.4B73.2%0.8224.2%1.054/95/93/70/3F-Score 65/11
ELECTRONIC ARTS INC.EA$52.9B$209.70$7.5B$887.0M13.1%0.2215.4%1.051/94/94/70/3F-Score 66/11
Rubrik, Inc.RBRK$22.6B$109.88$1.3B$348.8M67.1%—-26.2%1.691/90/92/70/3F-Score 62/11
AECOMACM$9.1B$70.50$16.1B$561.8M22.5%1.096.4%1.141/93/93/71/3F-Score 82/11
COMMVAULT SYSTEMS INCCVLT$6.2B$152.07$1.2B$70.7M942.8%—6.3%1.951/92/94/70/3F-Score 66/11
WPP plcWPP$6.0B$27.79$18.2B$289.5M-8.5%1.942.8%0.891/92/91/70/3F-Score 32/11
VARONIS SYSTEMS INCVRNS$5.6B$48.94$623.5M$129.3M-21.6%0.76-23.5%1.971/90/91/70/3F-Score 51/11
ROBERT HALF INC.RHI$4.3B$42.00$5.4B$133.0M10.4%—1.4%1.532/95/91/70/3F-Score 52/11