olivLaw · US equity research
Triton International Limited TRTN-PA
Services-Equipment Rental & Leasing, NEC · SIC 7359 · Vertical: Services-Equipment Rental & Leasing, NEC (SIC 7359)
Triton International Limited is the world's largest lessor of intermodal containers, with an owned and managed fleet of more than 7.0 million twenty-foot equivalent units. Leasing revenues fell in 2025 as demand weakened and new container prices stayed low, which matters for the global freight sector.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, Triton International Limited (TRTN-PA) stock was 24.43 USD (−1.29% on the day), with market capitalisation 2.5 bn USD, P/E 2.3 on diluted EPS of 10.50 USD over the last 12 months, dividend yield 0.00%, beta 0.06, 52-week range 24.43–26.42 USD. Latest reported quarter (Q4 2025): net income of 508.4 m USD (−1.9% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 28.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 24.57 – 25.78
- below the lower band · %B -0.11 · band width 4.8%
- SMA 50 / 200
- 25.49 / 25.78
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.23 / -0.15
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.5% | −5.9% | +1.5 pp | — |
| 3 months | −6.7% | −4.6% | −2.1 pp | — |
| 6 months | −6.0% | +0.2% | −6.2 pp | — |
| Year to date | −4.6% | +7.4% | −12.1 pp | — |
| 1 year | −3.9% | +8.2% | −12.1 pp | +31.5% |
| 3 years | −4.2% | +68.4% | −72.7 pp | +42.6% |
| 5 years | −12.9% | +56.5% | −69.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2025 · 31 Dec 2025
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.4 m | 35.0 m | 15.5 m | 10.1 m | 14.0 m | 11.5 m | 13.0 m | — |
| Cost of revenue | 24.5 m | 30.5 m | 15.1 m | 9.8 m | 12.0 m | 10.4 m | 12.1 m | — |
| Gross profit | 1.9 m | 4.5 m | 408.0 k | 377.0 k | 1.9 m | 1.1 m | 944.0 k | — |
| Operating income | 213.1 m | 141.0 m | 193.1 m | 199.7 m | 152.0 m | 233.4 m | 241.5 m | — |
| Depreciation & amortisation | 146.9 m | 141.4 m | 138.8 m | 136.1 m | 135.5 m | 135.0 m | 134.9 m | — |
| Interest expense | 57.3 m | 60.1 m | 64.6 m | 61.5 m | 61.4 m | 67.4 m | 69.7 m | — |
| Pre-tax income | 156.1 m | 81.1 m | 128.6 m | 138.4 m | 90.6 m | 166.1 m | 172.0 m | — |
| Income tax | 14.3 m | 11.4 m | 15.8 m | 12.8 m | 13.2 m | 15.4 m | 7.4 m | — |
| Net income | 141.8 m | 69.7 m | 474.1 m | 125.5 m | 77.4 m | 150.7 m | 518.2 m | 508.4 m |
| Diluted EPS | 2.34 | — | — | — | — | — | — | — |
| Operating cash flow | 304.8 m ≈ | 255.3 m ≈ | 287.3 m | 257.5 m | 267.7 m ≈ | 342.9 m ≈ | 245.3 m | — |
| Capex | 84.2 m | 31.8 m | 56.9 m | 74.3 m | 293.9 m | 298.2 m | — | — |
| Dividends paid | 38.3 m ≈ | 38.3 m ≈ | 2.0 k | 200.0 m | 0 ≈ | -200.0 m ≈ | 0 | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 17 percentile of its own 18-quarter history (min 2.2, median 4.9, max 7.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83.0 m | 84.0 m | 85.8 m | 143.0 m | 147.9 m | 96.0 m | 48.6 m | 59.5 m |
| Revenue YoY | +121.9% | +1.1% | +2.1% | +66.7% | +3.4% | −35.1% | −49.3% | +22.4% |
| Net income | 356.7 m | 353.3 m | 329.8 m | 530.2 m | 746.9 m | 474.1 m | 518.2 m | 508.4 m |
| Net income YoY | +0.9% | −1.0% | −6.7% | +60.8% | +40.9% | −36.5% | +9.3% | −1.9% |
| Diluted EPS | 4.35 | 4.54 | 4.16 | 7.22 | 11.19 | unavailable | unavailable | unavailable |
| Diluted EPS YoY | −3.8% | +4.4% | −8.4% | +73.6% | +55.0% | unavailable | unavailable | unavailable |
| net % | 429.5% | 420.6% | 384.4% | 370.9% | 505.1% | 493.9% | 1,065.4% | 854.3% |
| Free cash flow | -609.3 m | 821.7 m | 199.6 m | -2.0 bn | 941.8 m | 942.0 m | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 40.3 m USD
- Financial debt
- 6.6 bn USD
- Net debt
- 6.6 bn USD
- Equity
- 2.6 bn USD
- Total assets
- 9.8 bn USD
- Debt / equity
- 2.56x
- Current ratio
- unavailable
- ROE
- 18.8%
- ROA
- 4.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 85.8 m | 143.0 m | 147.9 m | 96.0 m | 48.6 m | 59.5 m | SEC (XBRL)· 20 Feb 2026verified |
| Cost of revenue | 71.0 m | 108.9 m | 131.9 m | 88.1 m | 44.3 m | 57.4 m | SEC (XBRL)· 20 Feb 2026verified |
| Gross profit | 14.8 m | 34.1 m | 16.0 m | 7.9 m | 4.3 m | 2.2 m | SEC (XBRL)· 20 Feb 2026verified |
| Operating income | 641.4 m | 935.1 m | 1.0 bn | 768.7 m | 826.6 m | 817.4 m | SEC (XBRL)· 20 Feb 2026verified |
| Depreciation & amortisation | 542.1 m | 626.2 m | 634.8 m | 575.6 m | 541.5 m | 386.6 m | SEC (XBRL)· 20 Feb 2026verified |
| EBITDA | 1.2 bn ≈ | 1.6 bn ≈ | 1.7 bn ≈ | 1.3 bn ≈ | 1.4 bn ≈ | 1.2 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Interest expense | 253.0 m | 222.0 m | 226.1 m | 240.8 m | 259.9 m | 263.5 m | SEC (XBRL)· 20 Feb 2026verified |
| Pre-tax income | 368.0 m | 580.6 m | 817.7 m | 528.6 m | 567.0 m | 553.9 m | SEC (XBRL)· 20 Feb 2026verified |
| Income tax | 38.2 m | 50.4 m | 70.8 m | 54.5 m | 48.8 m | 45.5 m | SEC (XBRL)· 20 Feb 2026verified |
| Net income | 329.8 m | 530.2 m | 746.9 m | 474.1 m | 518.2 m | 508.4 m | SEC (XBRL)· 20 Feb 2026verified |
| Diluted EPS | 4.16 | 7.22 | 11.19 | — | — | — | SEC (XBRL)· 14 Feb 2023verified |
| Weighted average diluted shares | 69.3 m | 67.1 m | 62.1 m | — | — | — | SEC (XBRL)· 14 Feb 2023verified |
| Dividend per share | 2.13 | 2.36 | 2.65 | 2.10 | 2.10 | 0.00 | SEC (XBRL)· 20 Feb 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 61.5 m | 106.2 m | 83.2 m | 57.8 m | 58.2 m | 40.3 m | SEC (XBRL)· 20 Feb 2026verified |
| Goodwill | 236.7 m | 236.7 m | 236.7 m | 236.7 m | 236.7 m | 236.7 m | SEC (XBRL)· 20 Feb 2026verified |
| Total assets | 9.7 bn | 12.6 bn | 12.1 bn | 11.2 bn | 11.1 bn | 9.8 bn | SEC (XBRL)· 20 Feb 2026verified |
| Long-term debt | 6.4 bn | 8.6 bn | 8.1 bn | 7.5 bn | 7.7 bn | 6.6 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total liabilities | 7.1 bn | 9.6 bn | 8.9 bn | 8.3 bn | 8.3 bn | 7.2 bn | SEC (XBRL)· 20 Feb 2026verified |
| Equity | 2.6 bn | 3.1 bn | 3.2 bn | 2.9 bn | 2.8 bn | 2.6 bn | SEC (XBRL)· 20 Feb 2026verified |
| Shares outstanding at year end | — | — | — | — | 101.2 m | 101.2 m | SEC (XBRL)· 20 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 943.8 m | 1.4 bn | 1.9 bn | 1.2 bn | 1.1 bn | 972.1 m | SEC (XBRL)· 20 Feb 2026verified |
| Capex | 744.1 m | 3.4 bn | 943.1 m | 208.2 m | — | — | SEC (XBRL)· 29 Feb 2024verified |
| Free cash flow | 199.6 m ≈ | -2.0 bn ≈ | 941.8 m ≈ | 942.0 m ≈ | — | — | SEC (XBRL)· 29 Feb 2024derived |
| Investing cash flow | -489.0 m | -3.2 bn | -647.0 m | 144.3 m | -555.1 m | -773.9 m | SEC (XBRL)· 20 Feb 2026verified |
| Financing cash flow | -471.7 m | 1.9 bn | -1.3 bn | -1.3 bn | -537.8 m | -220.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Dividends paid | 146.5 m | 157.3 m | 162.2 m | 115.6 m | 0 | 0 | SEC (XBRL)· 20 Feb 2026verified |
| Share repurchases | 158.3 m | 82.5 m | 554.1 m | 129.8 m | — | — | SEC (XBRL)· 29 Feb 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 46 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 2.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality69
- Growth0
- Balance sheet9
- Returns0
- Valuation90
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 34.24 – 102.21 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDA34.24 – 36.85 (Mid 35.84)3 companies used · median multiple 8.5x · quartiles 8.3x – 8.6xCTOS, PRG, SUNB
- Peers: P/E49.31 – 102.21 (Mid 76.72)8 companies used · median multiple 15.3x · quartiles 9.8x – 20.3xAER, EQPT, KPLT, MGRC, PRG, SUNB, UPBD, URI
- Dividend discount (DDM)unavailable · the base of the ratio is not positive
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 46/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 7.7% | 50 (vs peers) | 15% |
| Net margin · Quality | 854.3% | 100 (vs peers) | 9% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -26.2% | 0 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 5.5x | 0 (vs peers) | 15% |
| Interest coverage · Balance sheet | 3.1x | 25 (on a fixed band) | 9% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 4.9x | 100 (vs peers) | 15% |
| EV/EBITDA · Valuation | 7.5x | 80 (vs peers) | 15% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet9/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality69/100 · 2/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation90/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
TRITON INTERNATIONAL LIMITED (TRTN-PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 59.5 m USD in 2025; YoY growth 22.4%; net margin 854.3%; ROE 18.8%; net debt/EBITDA 5.5x.
The estimated value range is 41.78–69.53 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 56.28 USD, the price of 24.43 USD leaves a potential of 130.4% (value / price − 1) and a margin of safety of 56.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 46/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 854.3%
- P/E (TTM): 4.9x
- EV/EBITDA: 7.5x
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -26.2%
- Net debt / EBITDA: 5.5x
- Interest coverage: 3.1x
- Shareholder yield (distributions): 0.0%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Current ratio, FCF yield, Payout ratio (FCF).
Versus the vertical median
Services-Equipment Rental & Leasing, NEC (SIC 7359) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| URIUnited Rentals, Inc. | 64.6 bn | 22.6 | 30.6% | 16.3% | +4.9% | +28% / +119% |
| SUNBSunbelt Rentals Holdings, Inc. | 31.2 bn | 22.4 | 18.2% | 12.1% | +3.4% | unavailable / unavailable |
| AERAerCap Holdings N.V. | 27.7 bn | 7.8 | 21.1% | 44.0% | +6.5% | +24% / +144% |
| MGRCMcGRATH RENTCORP | 3.1 bn | 19.6 | 12.9% | 16.8% | +3.7% | +24% / +25% |
| TRTN-PATriton International Limited | 2.5 bn | 4.9 | 18.8% | 854.3% | +22.4% | −4% / −4% |
| CTOSCustom Truck One Source, Inc. | 2.1 bn | 70.4 | 3.7% | 1.4% | +7.9% | +46% / +60% |
| PRGProg Holdings, Inc. | 1.5 bn | 10.5 | 20.0% | 5.5% | +0.4% | +35% / +43% |
| UPBDUpbound Group, Inc. | 1.5 bn | 13.1 | 15.5% | 2.4% | +8.7% | +39% / −15% |
| EQPTEquipmentShare.com Inc | 1.1 bn | 17.4 | 7.4% | 1.3% | +16.3% | unavailable / unavailable |
| KPLTKatapult Holdings, Inc. | 49.1 m | 7.0 | — | 5.4% | +18.0% | +59% / −10% |
| EHGOEShallGo Inc. | — | — | -117.3% | -69.4% | +21.1% | −66% / unavailable |
1- and 3-year price returns: for TRTN-PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 13.06 Total return -47% · Per year -47% | 23.21 Total return -5% · Per year -5% | 35.12 Total return 44% · Per year 44% |
| 3 years | 10.37 Total return -58% · Per year -25% | 20.95 Total return -14% · Per year -5% | 35.12 Total return 44% · Per year 13% |
| 5 years | 8.24 Total return -66% · Per year -20% | 18.90 Total return -23% · Per year -5% | 35.12 Total return 44% · Per year 8% |
- Exit P/E± 5.24
- Net margin± 3.67
- Annual revenue growth± 3.31
- Annual dilution± 0.31
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 20 Feb 2026; since then the company filed 6-K (18 Aug 2026), 6-K (31 Jul 2026), 6-K (28 Apr 2026).
In brief
Triton International Limited is the world's largest lessor of intermodal containers, with an owned and managed fleet of more than 7.0 million twenty-foot equivalent units 1. Leasing revenues fell in 2025 as demand weakened and new container prices stayed low, which matters for the global freight sector 1.
SWOT
Strengths
- The company is the world's largest container lessor, with a very large fleet and a global network of offices and depots 1.
- Most of the fleet is on long-term leases, which provides predictable recurring cash flows 1.
- Long-standing relationships with the largest customers and high fleet utilization support revenue stability 1.
Weaknesses
- Heavy reliance on a small number of large shipping lines means a default by one major customer could have a material impact 1.
- Used container disposal gains depend on market prices, which fell during 2025 1.
- The company carries substantial debt, and interest and debt expense remained significant in 2025 1.
Opportunities
Risks
- Weaker global tradehigh
A slowdown in world trade caused by recession or adverse macroeconomic conditions could reduce leasing demand, utilization and resale prices 1.
- Tariffs and trade policyhigh
Tariffs and protectionist measures could reduce trade volumes and container demand, especially between the United States and China 1.
- Customer default riskmedium
Dependence on a few large shipping lines means a default by a major customer could significantly affect results 1.
- Competition and lease ratesmedium
Strong competition can lower lease rates and margins, and falling new container prices could add to that pressure 1.
- Geopolitics and shipping routesmedium
Military conflicts and disruption of Red Sea and Russia-related routes could affect trade and results, and a return to normal routing could create a container surplus 1.
Investment thesis
What would need to be true (bull case)
- If container demand and investment recover, the company could benefit from better lease rates and high fleet utilization 1.
- Long-term leases provide predictable cash flows that could support results even in weaker periods 1.
- Its position as the global leader and long relationships with customers could help it gain share if competitors weaken 1.
What would break the thesis
- If trade tensions persist, container demand could stay weak and leasing rates could fall further 1.
- A container surplus after routes through the Red Sea normalize could reduce utilization and resale prices 1.
- Customers choosing to buy containers rather than lease them could permanently reduce leasing investment opportunities 1.
What to watch
- Fleet utilization and leasing rates for new and used containersQ1 2026
- Results of used container disposals and trading margins2026
- Developments in US-China tariffs and their effect on container demand2026
- Return of container routing through the Suez Canal and effect on surplusnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 20 Feb 2026; since then the company filed 6-K (18 Aug 2026), 6-K (31 Jul 2026), 6-K (28 Apr 2026).
The business
Triton is a Bermuda holding company whose operations run through subsidiaries, leasing intermodal containers and chassis used to move freight by ship, rail and truck 1. Its main customers are the world's largest container shipping lines, and it runs a global network of offices and third-party depots 1. Since the September 2023 merger it is privately held through Thanos Holdings Limited, a subsidiary of Brookfield Infrastructure, although its preference shares remain listed on the NYSE 12.
Segments
Market context
Container demand depends largely on world trade and economic growth, and lessors owned about 47% of the total worldwide container fleet at the end of 2025 1. Leasing rates follow new equipment prices, which are heavily influenced by steel prices, along with interest rates and the supply and demand balance 1.
Trends
- Tariffs and trade tensionsheadwind
Tariffs and trade tensions between the United States and China reduced trade volumes and container demand in 2025, and could continue to weigh if relations stay strained 1.
- Red Sea reroutingmixed
Container demand was lifted in 2024 and 2025 by rerouting around the Suez Canal, and a return to normal routing could create a container surplus and lower leasing rates 1.
- Low new container pricesheadwind
Low new container prices led to historically low leasing rates in 2025 and reduced gains on used container sales, which could weigh on profitability if conditions persist 1.
- Customers buying instead of leasingheadwind
In 2025 shipping lines significantly reduced their reliance on leasing for new container additions, leading to low industry investment and heavier competition for leasing deals 1.
Competitive position
Container leasing is highly competitive, with several major leasing companies, many smaller lessors, equipment financing companies and manufacturers who sometimes lease directly to shipping lines 1. Some competitors have greater financial resources or lower return expectations, which could pressure lease rates and margins 1.
- Major container leasing companies
The source refers to several major leasing companies competing directly with Triton for the same lease transactions, without naming them 1.
- Smaller container lessors
The source refers to many smaller lessors that can build up underutilized inventory and push down lease rates 1.
- Equipment financing companies
Equipment financing companies compete with Triton by offering leasing and financing directly to shipping line customers 1.
- Container equipment manufacturers
Manufacturers of container equipment can lease and finance containers directly with shipping lines, making them competitors 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Triton Partners Is Said to Mull Sale or IPO of Trench GroupBloomberg Markets · 23 Sept 2026 · EN
- Triton: DirectX 11 Driver for QEMUHacker News · 08 Aug 2026 · EN
- A Coding Guide to NVIDIA’s Tile-Based GPU Programming: From cuTile and Triton Kernels to Flash AttentionMarkTechPost (Asia AI) · 12 Jul 2026 · RO
- Imagini în premieră cu drona TRITON, testată de MAI în Marea NeagrăAntena 3 CNN · 08 Jul 2026 · RO
- NATO to add up to five Northrop Grumman Triton drones for maritime surveillanceDefense News (US, EN) · 07 Jul 2026 · RO
- NATO își extinde capacitățile de supraveghere cu drone MQ-4C Triton, anunță RutteG4Media · 07 Jul 2026 · RO
- NATO își consolidează supravegherea aeriană. Alianța ar urma să achiziționeze cinci drone TritonMediafax · 07 Jul 2026 · RO
- Philippines deploys US-made Triton naval drones in its western waters to scout for intrudersDefense News (US, EN) · 25 Jun 2026 · RO
- Garda de Coastă testează pe mare un sistem autonom cu care să detecteze dronele marine. Detalii despre TRITONHotNews.ro · 25 Jun 2026 · RO
- MAI cumpără sisteme de detecţie şi monitorizare a dronelor marine. România testează şi sistemul autonom Triton în Marea NeagrăAntena 3 CNN · 25 Jun 2026 · RO
- Speeding Up JumpReLU SAE Inference with Custom Triton Kernels (2–14× on Real SAEs)LessWrong · 14 Jun 2026 · EN
- Banks Line Up €1.7 Billion of Debt for Triton’s Flender BuyoutBloomberg Markets · 12 Jun 2026 · EN
- Triton Is Said to Near €3 Billion Deal for Carlyle’s FlenderBloomberg Markets · 02 Jun 2026 · EN
- Schanuel's Conjecture and the Semantics of Triton's FPSanHacker News · 16 May 2026 · EN
SEC filings
- Current report (foreign issuer)18 Aug 2026
- Current report (foreign issuer)31 Jul 2026
- Current report (foreign issuer)28 Apr 2026
- Annual report (foreign issuer)20 Feb 2026
- Current report (foreign issuer)21 Jan 2026
- Current report (foreign issuer)12 Jan 2026
- Current report (foreign issuer)25 Nov 2025
- Current report (foreign issuer)06 Nov 2025
- Current report (foreign issuer)22 Aug 2025
- Current report (foreign issuer)11 Aug 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Triton International Limited · 20 Feb 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Triton International Limited · 01 Aug 2023
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.