Triton International (TRTN-PD) Operating Expenses (2015 - 2026)
Triton International (TRTN-PD) recorded quarterly Operating Expenses of $132.5 million in Q1 2026, down 1.98% quarter-over-quarter from $135.1 million in Q4 2025, and down 20.97% on a YoY basis from $167.6 million in Q1 2025.
Triton International (TRTN-PD) Operating Expenses (2015 - 2026) Analysis & Trends
Triton International's Operating Expenses history runs 12 years deep, the most recent figure standing at $132.5 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 20.97% year-over-year to $132.5 million; the TTM figure through Mar 2026 stood at $524.6 million (down 25.67% YoY), while the FY2025 annual figure was $559.8 million, down 22.77% from the prior year.
- Operating Expenses was $132.5 million for Q1 2026 at Triton International, down from $135.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $260.7 million in Q3 2023 to a low of $120.6 million in Q2 2025.
- Historically, Operating Expenses has averaged $178.0 million across 5 years, with a median of $188.2 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 36.02% in 2023, then sank 36.77% in 2025.
- A 5-year view of Operating Expenses shows it stood at $193.9 million in 2022, then decreased by 1.41% to $191.2 million in 2023, then fell by 10.5% to $171.1 million in 2024, then decreased by 21.01% to $135.1 million in 2025, then decreased by 1.98% to $132.5 million in 2026.
- The last three Operating Expenses figures came in at $132.5 million (Q1 2026), $135.1 million (Q4 2025), and $136.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | U-Haul Holding | 10.87 Bn | 10.87 Bn | -42.05 Mn | 848.61 Mn |
| 2 | Ryder System | 10.85 Bn | 10.85 Bn | 3.02 Bn | 3.01 Bn |
| 3 | Avis Budget | 6.40 Bn | 5.99 Bn | - | 1.42 Bn |
| 4 | Gatx | 6.26 Bn | 7.14 Bn | 561.90 Mn | 410.40 Mn |
| 5 | WillScot Holdings | 5.01 Bn | 5.01 Bn | 285.68 Mn | 234.02 Mn |
| 6 | Herc Holdings | 4.93 Bn | 4.89 Bn | 686.00 Mn | 393.00 Mn |
| 7 | Mcgrath Rentcorp | 2.78 Bn | 2.78 Bn | 96.89 Mn | 76.20 Mn |
| 8 | Custom Truck One Source | 2.38 Bn | 2.38 Bn | 103.06 Mn | 71.59 Mn |
| 9 | Vestis | 1.70 Bn | 1.65 Bn | 173.69 Mn | 632.66 Mn |
| 10 | Triton International | - | - | 430,000.00 | 132.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 132.46 Mn |
| Dec 31, 2025 | 135.14 Mn |
| Sep 30, 2025 | 136.42 Mn |
| Jun 30, 2025 | 120.62 Mn |
| Mar 31, 2025 | 167.61 Mn |
| Dec 31, 2024 | 171.09 Mn |
| Sep 30, 2024 | 176.38 Mn |
| Jun 30, 2024 | 190.76 Mn |
| Mar 31, 2024 | 186.62 Mn |
| Dec 31, 2023 | 191.16 Mn |
| Sep 30, 2023 | 260.73 Mn |
| Jun 30, 2023 | 196.93 Mn |
| Mar 31, 2023 | 192.74 Mn |
| Dec 31, 2022 | 193.90 Mn |
| Sep 30, 2022 | 191.69 Mn |
| Jun 30, 2022 | 193.33 Mn |
| Mar 31, 2022 | 188.21 Mn |
| Dec 31, 2021 | 194.98 Mn |
| Sep 30, 2021 | 190.48 Mn |
| Jun 30, 2021 | 183.35 Mn |