Triton International Limited

TRTN

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

1,596

Cost of Revenue

912

Gross Profit

684

Gross Margin

42.8%

Operating Income

827

Operating Margin

51.8%

Net Income

518

Net Margin

32.5%

EPS (Basic)

$4.61

EPS (Diluted)

$4.61

EBITDA

1,137

EBITDA Margin

71.3%

2023

12/31/2023

Revenue

1,698

Cost of Revenue

1,006

Gross Profit

692

Gross Margin

40.8%

Operating Income

769

Operating Margin

45.3%

Net Income

474

Net Margin

27.9%

EPS (Basic)

$4.17

EPS (Diluted)

$4.17

EBITDA

1,187

EBITDA Margin

69.9%

2022

12/31/2022

Revenue

1,828

Cost of Revenue

1,035

Gross Profit

908

Gross Margin

49.7%

Operating Income

929

Operating Margin

50.8%

Net Income

747

Net Margin

40.9%

EPS (Basic)

$11.25

EPS (Diluted)

$11.19

EBITDA

1,690

EBITDA Margin

92.5%

2021

12/31/2021

Revenue

1,677

Cost of Revenue

984

Gross Profit

800

Gross Margin

47.7%

Operating Income

828

Operating Margin

49.4%

Net Income

530

Net Margin

31.6%

EPS (Basic)

$7.26

EPS (Diluted)

$7.22

EBITDA

1,416

EBITDA Margin

84.4%

2020

12/31/2020

Revenue

1,394

Cost of Revenue

960

Gross Profit

472

Gross Margin

33.8%

Operating Income

604

Operating Margin

43.3%

Net Income

330

Net Margin

23.7%

EPS (Basic)

$4.18

EPS (Diluted)

$4.16

EBITDA

1,187

EBITDA Margin

85.2%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	1,596	1,698	1,828	1,677	1,394
Cost of Revenue	912	1,006	1,035	984	960
Gross Profit	684	692	908	800	472
Gross Margin	42.8%	40.8%	49.7%	47.7%	33.8%
Operating Income	827	769	929	828	604
Operating Margin	51.8%	45.3%	50.8%	49.4%	43.3%
Net Income	518	474	747	530	330
Net Margin	32.5%	27.9%	40.9%	31.6%	23.7%
EPS (Basic)	$4.61	$4.17	$11.25	$7.26	$4.18
EPS (Diluted)	$4.61	$4.17	$11.19	$7.22	$4.16
EBITDA	1,137	1,187	1,690	1,416	1,187
EBITDA Margin	71.3%	69.9%	92.5%	84.4%	85.2%