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TFI International Inc.

TFII Industrials Trucking

TFI International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, down 6.10% from fiscal 2024. In the quarter to June 2026, revenue grew 12.4%, EPS grew 40.7%, free cash flow grew 10.9% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

113.92 0.41 −0.36%
Market cap
$9.4B
P/E
27.9×
Fwd P/E
34.1×
Dividend yield
1.65%
F-score
7/9
Altman Z
2.70
Beneish M
−2.92
Dividend safety
73/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.36%

Capital & Financial Ratios $m

Market Cap 9,400.00
Revenue 8,121.62
Net Income 335.80
Free Cash Flow 714.55
Net Debt 2,246.04
Current Ratio 1.09
Debt/Equity 0.90
P/E ratio 27.92
Fwd P/E 34.10
P/S ratio 1.15
P/B ratio 3.42
Past 5Y EPS Growth 4.19%
This Y EPS Growth 35.51% (at or above 15%: strong)
Next Y EPS Growth 32.49% (at or above 15%: strong)
Next Y revenue growth 9.25%
Next 5Y EPS Growth 30.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 1.5×; over the ten years it ranged from 1.0× in 2022 to 2.4× in 2021.
P/E against its own 10 years 88.01%
10-year low 10-year high
P/S against its own 10 years 33.44%
10-year low 10-year high
P/B against its own 10 years 31.77%
10-year low 10-year high
EV/Sales against its own 10 years 39.37%
10-year low 10-year high
EV/FCF against its own 10 years 48.19%
10-year low 10-year high

Dividends

Payout Ratio 0.46
Annual Dividend Rate 1.88
Annual Dividend Yield 1.65%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.91
0.47
0.47
0.47
2025 1.82
0.45
0.45
0.45
0.47
2024 1.65
0.40
0.40
0.40
0.45
2023 1.45
0.35
0.35
0.35
0.40
2022 1.16
0.27
0.27
0.27
0.35
2021 0.96
0.23
0.23
0.23
0.27
2020 0.80
0.19
0.19
0.19
0.23
2019 0.80
0.24
0.18
0.18
0.20
2018 0.66
0.16
0.16
0.16
0.18
2017 0.60
0.14
0.14
0.15
0.17
2016 0.53
0.13
0.13
0.13
0.14
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 336 — 210 205
Receivables 918 940 908 1,089
Inventory 24 18 20 21
Other 2 14 12 18
1,336 1,037 1,209 1,404
2023 2024 2025 Q'26
Payables 672 639 667 773
ST’ Debt 174 93 222 193
Other 90 115 100 131
1,066 1,019 1,170 1,282

Compound Annual Growth %

10y 5y 3y
Sales — 15.83% (3.64%)
Cash Flow — 9.87% 0.21%
Earnings — 2.41% (27.74%)
Book Value — 8.40% 2.82%

Revenue $m

Mar Jun Sep Dec Year
’26 1,949 2,290 — — —
’25 1,964 2,038 1,969 1,914 7,885
’24 1,871 2,265 2,185 2,077 8,397
’23 1,850 1,791 1,911 1,969 7,521
’22 2,192 2,422 2,242 1,957 8,812
’21 1,149 1,837 2,094 2,141 7,220
’20 925 798 936 1,122 3,781
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 122 256 — — —
’25 194 247 255 282 978
’24 201 249 351 262 1,063
’23 232 200 279 303 1,014
’22 138 248 338 248 972
’21 155 299 211 190 855
’20 137 168 141 165 611
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 110 196 — — —
’25 169 176 195 214 754
’24 135 145 244 204 729
’23 180 135 175 233 723
’22 90 216 285 152 744
’21 134 266 164 109 672
’20 120 158 113 128 519
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.53 1.65 — — —
’25 0.66 1.17 1.02 0.87 3.72
’24 1.09 1.38 1.50 1.03 4.96
’23 1.27 1.47 1.54 1.53 5.80
’22 1.57 3.00 2.72 1.74 9.02
’21 0.70 4.42 1.40 1.52 6.97
’20 0.66 0.57 0.89 0.91 3.03
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 13.75 19.73 23.70 25.90 15.24 50.62 71.63 98.61 126.00 72.02

Analyst estimates 2026–2028

Powerpack
High 26.78 27.19 37.69 34.61 54.30 120.50 112.49 138.16 162.13 140.35
People
People Employees — — — — 16,753 29,539 25,836 25,123 27,205 24,900
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.23 0.24 0.34 0.30 0.31 0.32
Income, $m
Income, $m Revenue 2,981 3,870 3,767 3,904 3,781 7,220 8,812 7,521 8,397 7,885
Gross margin, % 12.05 10.54 13.57 45.31 45.73 47.16 47.89 49.40 50.32 50.57
EBT 150 94 281 321 363 906 1,066 677 561 405
EBT margin, % 5.04 2.42 7.46 8.22 9.59 12.55 12.09 9.00 6.68 5.14
Net income 116 0 215 244 276 754 823 505 422 311
Depreciation 143 217 192 296 299 393 431 442 582 611
Per share, $
Per share, $ Revenue 31.72 43.00 42.81 46.81 42.43 77.59 98.62 87.55 99.31 94.92
Earnings 5.06 1.40 2.44 2.85 3.09 7.14 9.21 5.88 5.00 3.72
Cash flow 2.65 2.84 4.55 5.86 6.85 9.19 10.87 11.80 12.57 11.77
Capex 0.00 0.00 0.00 (2.31) (1.04) (1.97) (2.55) (3.39) (3.95) (2.70)
Free cash flow 2.65 2.84 4.55 3.54 5.82 7.23 8.32 8.41 8.62 9.07
Book value 11.50 12.58 13.18 13.90 20.07 24.83 27.56 30.16 31.62 32.23
Shares, m 94 90 88 83 89 93 89 86 85 83
Valuation, ×
Valuation, × P/E 5.15 4.05 2.91 47.74 16.69 13.81 10.98 22.85 26.86 27.71
P/S 0.00 0.00 0.00 0.00 1.22 1.44 1.02 1.53 1.36 1.09
P/B 0.00 0.00 0.00 0.00 2.57 4.52 3.63 4.43 4.27 3.21
EV/Sales 0.00 0.00 0.00 0.00 1.45 1.66 1.15 1.73 1.64 1.39
EV/FCF 0.00 0.00 0.00 0.00 10.54 17.88 13.60 18.03 18.89 14.53
Cash, $m
Cash, $m Operating cash flow 249 256 400 488 611 855 972 1,014 1,063 978
Capex (83) (209) (235) (193) (92) (183) (228) (291) (334) (224)
Free cash flow 249 256 400 295 519 672 744 723 729 754
Balance, $m
Balance, $m Working capital 42 93 39 39 (2) (245) 297 270 18 39
Total debt 1,173 1,206 1,174 1,343 873 1,608 1,316 1,884 2,403 2,578
Net debt 1,170 1,206 1,174 1,343 868 1,589 1,169 1,549 2,403 2,368
Shareholders’ equity 1,081 1,132 1,160 1,159 1,789 2,310 2,463 2,591 2,673 2,678
Returns, %
Returns, % ROA 3.70 8.47 7.20 7.20 7.50 15.51 14.46 8.56 6.28 4.23
ROIC 0.00 0.00 0.00 9.56 9.80 15.70 19.72 11.44 8.85 7.00
ROE 9.98 11.42 18.74 20.15 18.70 36.81 34.49 19.98 16.05 11.61
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

TFI International Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ODFL Old Dominion Freight Line, Inc. $39.2B 36.0× 45.1× +10.39% (above 0%: growing) +33.07% (above 0%: growing) +123.99% (above 0%: growing) 97.83% 29.94% Compare
XPO XPO, Inc. $22.1B 54.3× 50.5× +13.22% (above 0%: growing) +53.33% (above 0%: growing) +269.64% (above 0%: growing) 100.00% 11.55% Compare
KNX Knight-Swift Transportation Holdings Inc. $10.6B 240× 48.5× +12.56% (above 0%: growing) +28.57% (above 0%: growing) +41.85% (above 0%: growing) 69.96% 5.00% Compare
TFII TFI International Inc. $9.4B 27.9× 34.1× +12.38% (above 0%: growing) +40.68% (above 0%: growing) +10.93% (above 0%: growing) 47.92% 9.62%
SAIA Saia, Inc. $9.1B 32.2× 41.4× +17.06% (above 0%: growing) +31.84% (above 0%: growing) +2,170.05% (above 0%: growing) 70.34% 13.09% Compare
SNDR Schneider National, Inc. $5.5B 49.2× 41.6× +10.43% (above 0%: growing) +33.33% (above 0%: growing) −33.07% (below 0%: shrinking) 53.68% 4.55% Compare
RXO RXO INC $4.8B — (loss-making) — (loss-making) +25.02% (above 0%: growing) n/m −620.00% (below 0%: shrinking) 14.04% 0.06% Compare
ARCB ArcBest Corporation $3.0B 186× 33.5× +15.87% (above 0%: growing) n/m +45.84% (above 0%: growing) (1.74%) (1.74%) Compare
WERN Werner Enterprises, Inc. $2.0B — (loss-making) 56.2× +24.00% (above 0%: growing) −84.72% (below 0%: shrinking) +581.60% (above 0%: growing) 52.19% 1.81% Compare
Median of peers $7.3B 51.7× 45.1× +14.55% +32.46% +84.92% 61.82% 4.78%

All 18 Trucking stocks →

TFI International Inc. (TFII) key facts

  • Concern: TFI International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, down 6.10% from fiscal 2024.
  • TFI International Inc. (TFII) is a Trucking company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, TFII traded at $113.92, a market capitalization of $9.4 billion.
  • TFI International Inc. pays an annual dividend of $1.88 per share, a yield of 1.65%, with a payout ratio of 46.2%.
  • Return on equity was 11.6% and debt-to-equity 0.90.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.70 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

TFI International Inc. (TFII) Latest News

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stockrow.com/TFII · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com