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NFI Group Inc
(TSX:NFI)
NFI Group Inc (NFI) vs. iShares MSCI Canada ETF (EWC)
NFI Group Inc Business Overview & Revenue Model
NFI Group Inc Earnings Call Summary
NFI Group Inc Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.12B | 2.69B | 2.05B | 2.34B | 2.42B |
| Gross Profit | 349.44M | 220.76M | 49.13M | 235.59M | 199.25M |
| EBITDA | 220.29M | 47.69M | -144.23M | 165.34M | 20.88M |
| Net Income | -3.30M | -136.16M | -276.38M | -14.48M | -157.74M |
Balance Sheet | |||||
| Total Assets | 2.91B | 2.70B | 2.59B | 2.60B | 2.76B |
| Cash, Cash Equivalents and Short-Term Investments | 49.56M | 49.62M | 49.99M | 77.32M | 55.77M |
| Total Debt | 1.18B | 1.14B | 1.24B | 955.85M | 1.28B |
| Total Liabilities | 2.21B | 2.00B | 2.01B | 1.73B | 2.14B |
| Stockholders Equity | 707.75M | 702.91M | 577.15M | 871.77M | 620.14M |
Cash Flow | |||||
| Free Cash Flow | -32.57M | -100.80M | -273.43M | 78.97M | 40.33M |
| Operating Cash Flow | 15.34M | -63.81M | -241.85M | 115.23M | 66.06M |
| Investing Cash Flow | -34.63M | -53.34M | -24.53M | -30.79M | -38.48M |
| Financing Cash Flow | 20.75M | 117.84M | 238.28M | -59.99M | -37.00K |
NFI Group Inc Technical Analysis
NFI Group Inc Peers Comparison
NFI Group Inc Corporate Events
NFI Group Inc. reported its second quarter 2025 financial results, showing improvements in revenue, gross margin, adjusted EBITDA, and liquidity. The company achieved a revenue of $868.2 million, a 2% increase year-over-year, and a backlog of $13.5 billion, with 35.3% of the backlog comprising zero-emission buses. Despite a net loss of $160.8 million due to non-recurring items, NFI’s adjusted net earnings were $10.7 million. The company completed a refinancing process, enhancing its financial flexibility and positioning it to deliver on its backlog and improve cash flow. CEO Paul Soubry highlighted the strengthened balance sheet and operational improvements, particularly in the North American supply chain and UK market, as key to achieving their 2025 guidance.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, New Flyer, has secured an order for 46 Xcelsior CNG 40-foot transit buses from the Regional Transportation Commission of Southern Nevada (RTC). This order, supported by Federal Transit Administration funds, is part of a larger contract and highlights NFI’s ongoing partnership with RTC, whose fleet exclusively comprises NFI vehicles. The new buses, which emit significantly less nitrogen oxide than diesel engines, will contribute to cleaner air in Southern Nevada. This development underscores NFI’s commitment to sustainable transportation solutions and strengthens its position in the North American transit market.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$23.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, Motor Coach Industries (MCI), has secured an additional order from Metrolinx for 97 diesel commuter coaches, enhancing its leadership in North America’s commuter coach market. This order, which follows an initial purchase of 80 coaches, underscores MCI’s reputation for quality and reliability, supporting Metrolinx’s transit expansion in the Greater Toronto and Hamilton Area by replacing aging vehicles and improving regional transit access.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, New Flyer, has launched an extended range option for its Xcelsior CHARGE FC™ hydrogen fuel cell-electric bus, adding up to 120 miles of range. This innovation, already successful in partnership with Humboldt Transit Authority, enhances operational flexibility and reduces refueling needs, positioning NFI as a leader in zero-emission bus technology. The extended range feature supports longer service routes and more demanding duty cycles, showcasing NFI’s commitment to clean transit innovation and sustainable transportation solutions.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group’s subsidiary, New Flyer, has received a significant order from Ottawa’s OC Transpo for 124 Xcelsior Charge NG battery-electric buses, reinforcing OC Transpo’s commitment to sustainable transit. This order, part of New Flyer’s 2023 agreement with the Toronto Transit Commission, highlights NFI’s role in advancing public transit electrification in Canada, supported by local and federal funding, and marks a substantial step towards cleaner transportation in the National Capital Region.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
Suffolk County Transit has awarded a contract to NFI’s subsidiary, New Flyer, for up to 132 next-generation buses, including hybrid-electric and battery-electric models, to modernize its fleet over the next five years. This move strengthens the partnership between Suffolk County and New Flyer, highlighting the benefits of American manufacturing and job creation, while enhancing service reliability and operational efficiency for Suffolk County’s transit network.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. announced the release of its second quarter 2025 financial results scheduled for July 31, 2025, followed by a conference call and webcast on August 1, 2025. This announcement is part of NFI’s ongoing efforts to engage with stakeholders and provide transparency on its financial performance, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, New Flyer, has secured an order to deliver 55 Xcelsior buses to Brampton Transit, enhancing the city’s fleet with hybrid-electric and clean-diesel models. This order supports Brampton’s efforts to build a more sustainable transit system and reinforces New Flyer’s position as a leader in providing innovative mobility solutions, which are crucial for urban growth and transit innovation.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, New Flyer, has secured a significant contract with New Jersey Transit for up to 750 Xcelsior clean-diesel transit buses, marking one of the largest clean-diesel bus procurements in the company’s history. This contract, which includes an initial order for 200 buses and options for 550 more, will enhance NJ TRANSIT’s fleet, improving service reliability and efficiency. The deal underscores New Flyer’s commitment to providing high-capacity, reliable transit solutions and supports NJ TRANSIT’s goal of a fully modernized bus fleet by 2031, benefiting regional mobility and passenger experience.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. has successfully completed a $600 million private offering of second lien senior secured notes, which will be used to repay existing indebtedness and extend its first lien senior credit facility. This strategic financial move is expected to enhance NFI’s liquidity and strengthen its financial position, potentially impacting its market competitiveness and stakeholder confidence.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc.’s subsidiary, Alexander Dennis Limited, has announced a consultation on a new UK manufacturing strategy, which involves consolidating its bus body manufacturing operations into a single site in Scarborough, England. This move, driven by changing market dynamics, will potentially place up to 400 roles at risk of redundancy and impact the domestic supply chain. The strategy aims to lower costs, increase efficiency, and enhance financial sustainability. Alexander Dennis is also restructuring key customer support teams to focus on quality and reliability. The announcement highlights challenges in the UK policy environment, which the company believes does not incentivize local content and job creation.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. announced the pricing of a $600 million second lien notes offering through its subsidiary, New Flyer Holdings, Inc. The proceeds from this offering will be used to repay existing indebtedness, including portions of the First Lien Senior Credit Facility, and to cover related fees and expenses. This financial maneuver is expected to extend the company’s credit facility and enhance its liquidity, potentially strengthening NFI’s market position and operational flexibility.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. announced a private offering of $600 million in second lien senior secured notes through its subsidiary, New Flyer Holdings, Inc. The proceeds will be used to repay existing indebtedness and extend the company’s first lien senior credit facility to 2029. This strategic financial move is expected to enhance NFI’s liquidity and operational flexibility, positioning it well in the competitive global bus manufacturing industry.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. announced the election of ten directors to its Board during the annual and special meeting of shareholders. The election results reflect strong support for the nominees, indicating confidence in the company’s leadership as it continues to focus on sustainable transportation solutions. This development is expected to reinforce NFI’s strategic direction and commitment to enabling more livable cities through clean and connected mobility solutions.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
NFI Group Inc. reported its first quarter 2025 financial results, highlighting a record backlog of $13.7 billion and improvements in revenue, adjusted EBITDA, and ROIC. The company delivered 1,028 equivalent units, with a notable portion being zero-emission buses. Despite challenges in seat supply impacting deliveries, NFI remains optimistic about its 2025 outlook, supported by a new credit agreement enhancing financial stability and flexibility. The company is adjusting operations in response to challenging market conditions in the UK.
NFI Group Inc. has secured a new $845 million first lien senior credit facility, replacing its existing credit arrangements to enhance financial flexibility and liquidity. This move is aimed at supporting the company’s operational performance and addressing its record backlog, with the facility offering improved covenants and the potential for further refinancing opportunities.