TFI International Inc. (TFII) vs Werner Enterprises, Inc. (WERN)

TFI International Inc. and Werner Enterprises, Inc. are both Trucking companies. TFI International Inc. is the larger, with a market value of $9.4B against $2.0B — 4.7× the size. Werner Enterprises, Inc. has negative trailing earnings, so its P/E is not meaningful; TFI International Inc. trades at 27.9×. Werner Enterprises, Inc. grew revenue faster over the last twelve months: 9.64% against −1.72%. TFI International Inc. has the higher net margin (4.13% vs −1.42%) and the higher return on invested capital (7.50% vs −0.82%). Both pay a dividend; Werner Enterprises, Inc. yields more (1.71% vs 1.65%). Across the 22 metrics below, TFI International Inc. leads on 11 and Werner Enterprises, Inc. on 11.

Valuation

Metric TFII WERN Trucking median
P/E 27.92 n/m 54.27
P/S 1.15 0.61 1.15
P/B 3.42 1.45 1.80
Price to free cash flow 13.10 11.08 13.17
EV/EBITDA 9.70 9.57 11.38
EV/Sales 1.43 0.84 1.03
Earnings yield 3.58% (2.32%) 0.21%
Free cash flow yield 7.63% 9.03% 4.53%

Profitability

Metric TFII WERN Trucking median
Gross margin 49.65% 52.75% 51.20%
Operating margin 7.36% (0.86%) 0.00%
Net margin 4.13% (1.42%) 0.16%
Free cash flow margin 8.80% 5.46% 5.45%
Return on equity 12.41% (3.33%) 0.31%
Return on assets 4.57% (1.52%) 0.18%
Return on invested capital 7.50% (0.82%) (0.05%)

Growth

Metric TFII WERN Trucking median
Revenue growth (TTM) (1.72%) 9.64% 4.46%
EPS growth (last fiscal year) (25.00%) (143.64%) (40.10%)
Revenue growth, 5-year CAGR 15.83% 4.63% 6.08%
Net income growth, 5-year CAGR 2.41% 0.00% 0.00%

Health

Metric TFII WERN Trucking median
Debt to equity 0.90 0.60 0.17
Current ratio 1.09 1.45 1.52
Net debt to EBITDA 2.01 2.32 1.59

Dividend

Metric TFII WERN Trucking median
Dividend yield 1.65% 1.71% 1.20%
Payout ratio 0.46 — 0.70

Size

Metric TFII WERN Trucking median
Market cap 9.40b 2.00b 1.53b

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