Triton International Limited reported its annual financial results for 2024, with total revenue reaching $1.60 billion. This figure represents a decrease from the $1.70 billion reported in 2023, indicating some sensitivity to global trade volumes and container demand cycles.
Despite the decline in revenue, the company maintained strong profitability, with net income from continuing operations increasing to $518.20 million in 2024. This is an increase from $474.09 million recorded in 2023, demonstrating the efficiency of its leasing model.
The company also generated robust cash flows, with operating cash flow at $1.11 billion and free cash flow at $183.92 million for 2024. As of December 31, 2024, total debt stood at $7.61 billion, with net debt at $7.55 billion, reflecting the asset-intensive nature of its business.
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