NYSE : TFII
TFI International Inc. — Financial statements
Industrials · Trucking · Canada
Last price 93.32 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.66B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
TFI International Inc. (TFII) reported revenue of 8.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 7.14B | 6.91B | 7.30B | 6.42B | 7.36B | 6.47B |
| Other Revenue | 1.24B | 971.63M | 1.09B | 1.10B | 1.46B | 751.64M |
| Revenue | 8.39B | 7.88B | 8.40B | 7.52B | 8.81B | 7.22B |
| Cost of Revenue | 6.74B | 6.30B | 6.64B | 5.92B | 6.96B | 5.80B |
| Gross Profit | 1.64B | 1.58B | 1.76B | 1.61B | 1.86B | 1.42B |
| Amortization of Goodwill & Intangibles | 88.24M | 86.84M | 79.98M | 60.03M | 55.68M | 55.24M |
| Other Operating Expenses | 425.84M | 416.24M | 434.99M | 433.85M | 492.19M | 371.64M |
| Operating Expenses | 1.02B | 1.03B | 1.02B | 875.83M | 922.78M | 764.67M |
| Operating Income | 624.46M | 555.73M | 740.08M | 729.87M | 934.66M | 653.92M |
| Interest Expense | -143.23M | -145.85M | -151.97M | -75.47M | -65.49M | -59.47M |
| Interest & Investment Income | 6.13M | 1.79M | 7.72M | 8.12M | 1.75M | 2.19M |
| Currency Exchange Gain (Loss) | -2.16M | -380.00K | -3.79M | 491.00K | -556.00K | 1.47M |
| Other Non Operating Income (Expenses) | -15.84M | -16.03M | -16.25M | -13.84M | -15.88M | -16.74M |
| EBT Excluding Unusual Items | 469.35M | 395.25M | 575.81M | 649.17M | 854.48M | 581.37M |
| Merger & Restructuring Charges | -400.00K | -400.00K | -500.00K | -900.00K | -100.00K | -8.70M |
| Gain (Loss) on Sale of Assets | 8.18M | 18.14M | 7.24M | 28.66M | 211.48M | 38.12M |
| Asset Writedown | 484.00K | 451.00K | -105.00K | |||
| Other Unusual Items | -16.43M | -8.08M | -21.72M | -165.00K | -216.00K | 295.43M |
| Pretax Income | 461.19M | 405.36M | 560.72M | 676.76M | 1.07B | 906.21M |
| Income Tax Expense | 104.36M | 94.81M | 138.24M | 171.89M | 242.41M | 151.81M |
| Earnings From Continuing Operations | 356.83M | 310.55M | 422.48M | 504.88M | 823.23M | 754.40M |
| Net Income | 356.83M | 310.55M | 422.48M | 504.88M | 823.23M | 754.40M |
| Net Income to Common | 356.83M | 310.55M | 422.48M | 504.88M | 823.23M | 754.40M |
| Shares Outstanding (Basic) | 82.17M | 83.07M | 84.55M | 85.91M | 89.36M | 93.05M |
| Shares Outstanding (Diluted) | 82.49M | 83.41M | 85.24M | 87.05M | 91.26M | 95.34M |
| EPS (Basic) | 4.34 | 3.74 | 5.00 | 5.88 | 9.21 | 8.11 |
| EPS (Diluted) | 4.32 | 3.72 | 4.96 | 5.80 | 9.02 | 7.91 |
| Free Cash Flow | 578.32M | 704.57M | 669.83M | 652.28M | 620.82M | 586.70M |
| Free Cash Flow Per Share | 7.01 | 8.45 | 7.86 | 7.49 | 6.80 | 6.15 |
| Dividend Per Share | 1.88 | 1.82 | 1.65 | 1.45 | 1.16 | 0.96 |
| Gross Margin | 19.59% | 20.07% | 20.93% | 21.35% | 21.08% | 19.65% |
| Operating Margin | 7.45% | 7.05% | 8.81% | 9.70% | 10.61% | 9.06% |
| Profit Margin | 4.25% | 3.94% | 5.03% | 6.71% | 9.34% | 10.45% |
| Free Cash Flow Margin | 6.90% | 8.94% | 7.98% | 8.67% | 7.04% | 8.12% |
| EBITDA | 1.03B | 983.71M | 1.15B | 1.04B | 1.24B | 930.44M |
| EBITDA Margin | 12.23% | 12.48% | 13.65% | 13.77% | 14.02% | 12.89% |
| D&A For EBITDA | 401.28M | 427.98M | 406.26M | 306.02M | 300.64M | 276.52M |
| EBIT | 624.46M | 555.73M | 740.08M | 729.87M | 934.66M | 653.92M |
| EBIT Margin | 7.45% | 7.05% | 8.81% | 9.70% | 10.61% | 9.06% |
| Effective Tax Rate | 22.63% | 23.39% | 24.65% | 25.40% | 22.75% | 16.75% |
| Revenue as Reported | 8.39B | 7.88B | 8.40B | 7.52B | 8.81B | 7.22B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 187.49M | 210.19M | 335.56M | 147.12M | 19.29M | |
| Cash & Short-Term Investments | 187.49M | 210.19M | 335.56M | 147.12M | 19.29M | |
| Accounts Receivable | 1.11B | 859.02M | 893.66M | 846.68M | 966.43M | 986.78M |
| Other Receivables | 28.69M | 48.49M | 45.99M | 71.73M | 77.09M | 75.32M |
| Receivables | 1.14B | 907.51M | 939.65M | 918.41M | 1.04B | 1.06B |
| Inventory | 20.95M | 19.53M | 17.96M | 23.96M | 24.18M | 24.40M |
| Prepaid Expenses | 69.59M | 60.03M | 65.81M | 56.27M | 38.50M | 54.52M |
| Other Current Assets | 19.55M | 11.91M | 13.63M | 1.80M | 10.25M | 1.94M |
| Total Current Assets | 1.44B | 1.21B | 1.04B | 1.34B | 1.26B | 1.16B |
| Property, Plant & Equipment | 3.21B | 3.37B | 3.43B | 2.84B | 2.51B | 2.85B |
| Long-Term Investments | 19.41M | 24.95M | 22.10M | 50.21M | 85.96M | 31.39M |
| Goodwill | 2.09B | 2.09B | 1.94B | 1.48B | 1.28B | 1.42B |
| Other Intangible Assets | 715.10M | 773.44M | 701.34M | 536.22M | 310.78M | 368.11M |
| Long-Term Deferred Tax Assets | 9.53M | 10.41M | 13.72M | 20.61M | 27.05M | 29.70M |
| Other Long-Term Assets | 31.63M | 30.73M | 22.19M | 16.39M | 23.55M | 13.72M |
| Total Assets | 7.52B | 7.51B | 7.17B | 6.28B | 5.51B | 5.88B |
| Accounts Payable | 802.54M | 460.99M | 430.58M | 450.64M | 498.78M | 612.09M |
| Accrued Expenses | 83.61M | 243.92M | 254.48M | 234.46M | 213.62M | 251.71M |
| Short-Term Debt | 389.00K | 8.26M | 6.78M | |||
| Current Portion of Long-Term Debt | 186.13M | 222.50M | 93.45M | 174.35M | 37.09M | 363.59M |
| Current Portion of Leases | 154.12M | 165.29M | 152.45M | 127.40M | 115.93M | 115.34M |
| Current Income Taxes Payable | 12.60M | 7.61M | 11.99M | 2.44M | 41.71M | 16.55M |
| Other Current Liabilities | 51.94M | 61.91M | 68.88M | 76.82M | 59.55M | 47.69M |
| Total Current Liabilities | 1.29B | 1.17B | 1.02B | 1.07B | 966.68M | 1.41B |
| Long-Term Debt | 2.22B | 2.36B | 2.31B | 1.71B | 1.28B | 1.24B |
| Long-Term Leases | 415.43M | 472.47M | 421.21M | 332.76M | 297.11M | 313.86M |
| Pension & Post-Retirement Benefits | 31.49M | 46.41M | 70.46M | 53.23M | 68.04M | |
| Long-Term Deferred Tax Liabilities | 520.74M | 546.75M | 508.43M | 433.24M | 368.19M | 423.75M |
| Other Long-Term Liabilities | 227.65M | 240.03M | 164.40M | 97.03M | 132.12M | 116.18M |
| Total Liabilities | 4.71B | 4.83B | 4.49B | 3.69B | 3.04B | 3.57B |
| Common Stock | 1.13B | 1.13B | 1.14B | 1.11B | 1.09B | 1.13B |
| Additional Paid-In Capital | 29.39M | 32.33M | 30.97M | 37.68M | 41.49M | 39.15M |
| Retained Earnings | 1.94B | 1.78B | 1.84B | 1.65B | 1.57B | 1.28B |
| Comprehensive Income & Other | -293.93M | -257.80M | -331.90M | -200.54M | -233.32M | -144.66M |
| Shareholders' Equity | 2.81B | 2.68B | 2.67B | 2.59B | 2.46B | 2.31B |
| Total Liabilities & Equity | 7.52B | 7.51B | 7.17B | 6.28B | 5.51B | 5.88B |
| Total Debt | 2.98B | 3.22B | 2.98B | 2.34B | 1.73B | 2.04B |
| Net Cash (Debt) | -2.79B | -3.01B | -2.98B | -2.01B | -1.58B | -2.02B |
| Net Cash Per Share | -33.83 | -36.13 | -35.00 | -23.07 | -17.33 | -21.17 |
| Filing Date Shares Outstanding | 82.19M | 82.15M | 84.41M | 84.44M | 86.54M | 92.15M |
| Total Common Shares Outstanding | 82.19M | 82.15M | 84.41M | 84.44M | 86.54M | 92.15M |
| Working Capital | 148.33M | 38.69M | 18.43M | 269.89M | 296.88M | -244.71M |
| Book Value Per Share | 34.17 | 32.59 | 31.67 | 30.69 | 28.46 | 25.07 |
| Tangible Book Value | 4.31M | -186.81M | 30.34M | 572.11M | 870.96M | 517.43M |
| Tangible Book Value Per Share | 0.05 | -2.27 | 0.36 | 6.78 | 10.06 | 5.61 |
| Land | 1.51B | 1.51B | 1.49B | 1.38B | 1.17B | 1.23B |
| Machinery | 2.70B | 2.60B | 2.44B | 1.95B | 1.71B | 1.97B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 356.83M | 310.55M | 422.48M | 504.88M | 823.23M | 754.40M |
| Depreciation & Amortization | 578.99M | 600.74M | 575.77M | 438.14M | 426.92M | 389.30M |
| Other Amortization | 13.52M | 9.76M | 6.30M | 3.84M | 3.67M | 3.73M |
| Loss (Gain) From Sale of Assets | -8.18M | -18.14M | -7.24M | -27.18M | -211.27M | -36.83M |
| Asset Writedown & Restructuring Costs | -484.00K | -451.00K | 105.00K | -1.48M | -210.00K | -1.28M |
| Stock-Based Compensation | 16.26M | 15.15M | 11.07M | 13.45M | 14.65M | 15.42M |
| Other Operating Activities | -3.24M | -82.28M | 42.59M | -24.43M | 62.10M | -311.33M |
| Change in Accounts Receivable | -170.37M | 129.28M | 145.43M | 224.12M | -59.10M | -101.66M |
| Change in Inventory | -3.04M | -305.00K | 8.10M | 6.53M | -1.50M | -1.23M |
| Change in Accounts Payable | 111.68M | 3.65M | -154.09M | -112.38M | -96.77M | 154.29M |
| Change in Other Net Operating Assets | 2.55M | 9.83M | 12.12M | -11.65M | 9.92M | -9.46M |
| Operating Cash Flow | 894.52M | 977.79M | 1.06B | 1.01B | 971.64M | 855.35M |
| Capital Expenditures | -316.20M | -273.22M | -392.82M | -361.56M | -350.82M | -268.66M |
| Sale of Property, Plant & Equipment | 122.74M | 127.72M | 98.79M | 123.62M | 260.07M | 112.71M |
| Cash Acquisitions | -222.07M | -201.26M | -957.96M | -628.70M | -158.25M | -1.01B |
| Divestitures | 546.23M | |||||
| Sale (Purchase) of Intangibles | -3.74M | -9.70M | -6.27M | -2.76M | -5.87M | -7.14M |
| Investment in Securities | 5.45M | -4.75M | 19.07M | 47.51M | -67.62M | 4.77M |
| Other Investing Activities | -451.00K | -661.00K | -5.42M | 24.57M | -311.00K | 3.79M |
| Investing Cash Flow | -414.27M | -361.88M | -1.24B | -797.33M | 223.42M | -1.16B |
| Short-Term Debt Issued | 1.48M | 6.78M | 7.49M | |||
| Long-Term Debt Issued | 473.97M | 761.78M | 600.24M | 334.16M | 779.90M | |
| Total Debt Issued | 227.35M | 475.45M | 768.56M | 600.24M | 341.65M | 779.90M |
| Short-Term Debt Repaid | -7.17M | |||||
| Long-Term Debt Repaid | -490.63M | -706.42M | -179.05M | -750.91M | -170.42M | |
| Lease Payments | -168.41M | -163.25M | -165.35M | -128.11M | -123.61M | -115.34M |
| Total Debt Repaid | -372.02M | -490.63M | -706.42M | -179.05M | -750.91M | -177.59M |
| Net Debt Issued (Repaid) | -144.67M | -15.18M | 62.14M | 421.19M | -409.25M | 602.30M |
| Issuance of Common Stock | 2.90M | 6.47M | 13.52M | 12.78M | 16.50M | 20.11M |
| Repurchase of Common Stock | -33.92M | -242.71M | -106.17M | -334.61M | -577.17M | -214.73M |
| Common Dividends Paid | -152.31M | -151.09M | -133.93M | -121.09M | -97.32M | -85.39M |
| Financing Cash Flow | -328.00M | -402.50M | -164.44M | -21.73M | -1.07B | 322.30M |
| Foreign Exchange Rate Adjustments | 3.63M | -3.22M | 10.85M | -6.34M | ||
| Net Cash Flow | 155.88M | 210.19M | -335.56M | 188.44M | 127.83M | 14.99M |
| Free Cash Flow | 578.32M | 704.57M | 669.83M | 652.28M | 620.82M | 586.70M |
| Free Cash Flow Margin | 6.90% | 8.94% | 7.98% | 8.67% | 7.04% | 8.12% |
| Free Cash Flow Per Share | 7.01 | 8.45 | 7.86 | 7.49 | 6.80 | 6.15 |
| Levered Free Cash Flow | 555.05M | 645.46M | 526.60M | 571.35M | 542.59M | 438.73M |
| Unlevered Free Cash Flow | 644.57M | 736.62M | 621.58M | 618.52M | 583.53M | 475.90M |
| Free Cash Flow After Leases | 409.91M | 541.32M | 504.48M | 524.17M | 497.21M | 471.36M |
| Cash Interest Paid | 150.05M | 153.60M | 157.06M | 70.35M | 77.51M | 65.45M |
| Cash Income Tax Paid | 131.38M | 118.39M | 150.55M | 233.35M | 224.18M | 188.81M |
| Change in Working Capital | -59.18M | 142.46M | 11.57M | 106.63M | -147.45M | 41.94M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.89B | 8.51B | 11.43B | 11.57B | 8.74B | 10.43B |
| Enterprise Value | 10.73B | 11.52B | 14.35B | 13.55B | 10.32B | 12.33B |
| Last Close Price | 95.90 | 102.16 | 130.83 | 130.18 | 94.85 | 104.78 |
| PE Ratio | 21.89 | 27.42 | 27.04 | 22.91 | 10.61 | 13.83 |
| PS Ratio | 0.94 | 1.08 | 1.36 | 1.54 | 0.99 | 1.45 |
| PB Ratio | 2.81 | 3.18 | 4.27 | 4.46 | 3.55 | 4.51 |
| P/TBV Ratio | 1,831.06 | 376.56 | 20.22 | 10.03 | 20.16 | |
| P/FCF Ratio | 13.65 | 12.08 | 17.06 | 17.73 | 14.07 | 17.78 |
| P/OCF Ratio | 8.82 | 8.71 | 10.75 | 11.41 | 8.99 | 12.20 |
| EV/Sales Ratio | 1.28 | 1.46 | 1.71 | 1.80 | 1.17 | 1.71 |
| EV/EBITDA Ratio | 10.46 | 11.71 | 12.52 | 13.08 | 8.35 | 13.25 |
| EV/EBIT Ratio | 17.18 | 20.74 | 19.39 | 18.57 | 11.04 | 18.86 |
| EV/FCF Ratio | 18.55 | 16.36 | 21.42 | 20.77 | 16.62 | 21.02 |
| Debt / Equity Ratio | 1.06 | 1.20 | 1.12 | 0.91 | 0.70 | 0.88 |
| Debt / EBITDA Ratio | 2.47 | 2.79 | 2.27 | 2.01 | 1.27 | 1.95 |
| Debt / FCF Ratio | 5.15 | 4.58 | 4.45 | 3.59 | 2.79 | 3.47 |
| Net Debt / Equity Ratio | 0.99 | 1.13 | 1.12 | 0.78 | 0.64 | 0.87 |
| Net Debt / EBITDA Ratio | 2.72 | 3.06 | 2.60 | 1.94 | 1.28 | 2.17 |
| Net Debt / FCF Ratio | 4.83 | 4.28 | 4.45 | 3.08 | 2.55 | 3.44 |
| Asset Turnover | 1.15 | 1.07 | 1.25 | 1.28 | 1.55 | 1.48 |
| Inventory Turnover | 352.64 | 336.20 | 316.73 | 245.74 | 286.32 | 349.90 |
| Quick Ratio | 1.03 | 0.95 | 0.92 | 1.18 | 1.23 | 0.77 |
| Current Ratio | 1.11 | 1.03 | 1.02 | 1.25 | 1.31 | 0.83 |
| Return on Equity (ROE) | 13.10% | 11.61% | 16.05% | 19.98% | 34.49% | 36.81% |
| Return on Assets (ROA) | 5.34% | 4.73% | 6.88% | 7.74% | 10.26% | 8.40% |
| Return on Invested Capital (ROIC) | 8.64% | 7.50% | 10.87% | 12.60% | 17.25% | 14.83% |
| Return on Capital Employed (ROCE) | 10.00% | 8.80% | 12.00% | 14.00% | 20.60% | 14.60% |
| Earnings Yield | 4.57% | 3.65% | 3.70% | 4.37% | 9.42% | 7.23% |
| FCF Yield | 7.33% | 8.28% | 5.86% | 5.64% | 7.11% | 5.62% |
| Dividend Yield | 1.96% | 1.76% | 1.22% | 1.06% | 1.15% | 0.85% |
| Payout Ratio | 42.83% | 48.65% | 31.70% | 23.98% | 11.82% | 11.32% |
| Buyback Yield / Dilution | 1.89% | 2.15% | 2.08% | 4.61% | 4.28% | -4.84% |
| Total Shareholder Return | 3.85% | 3.90% | 3.30% | 5.67% | 5.43% | -3.99% |