Tfi International Inc (TSE:TFII)
NYSE:TFII
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TFI International
(NYSE:TFII)
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Rating:60Neutral
Price Target:
C$208.00
â–²(15.43% Upside)
Action:ReiteratedDate:04/29/26
The score is held back mainly by weakening financial performance (margin compression and higher leverage) and an expensive valuation (high P/E). These are partially offset by strong technical uptrend signals and solid cash generation, while the latest earnings call suggests continued near-term headwinds despite disciplined capital returns.
Positive Factors
Strong Free Cash Flow
Sustained free cash flow (~$832M in 2025) provides durable internal financing for capex, tuck‑ins, dividends and buybacks, reducing reliance on external funding. This cash conversion supports strategic flexibility to invest in higher‑value verticals and execute disciplined capital allocation over multiple years.
Negative Factors
Margin Compression
Material margin deterioration versus prior years indicates weakened pricing power and/or higher operating costs. Persistently lower margins compress ROE and free cash flow potential, limiting reinvestment and reducing the earnings buffer during industry downturns unless structural cost or pricing improvements occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Free Cash Flow
Sustained free cash flow (~$832M in 2025) provides durable internal financing for capex, tuck‑ins, dividends and buybacks, reducing reliance on external funding. This cash conversion supports strategic flexibility to invest in higher‑value verticals and execute disciplined capital allocation over multiple years.
Read all positive factors
TFI International (TFII) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.97B
Dividend Yield1.75%
Average Volume (3M)209.43K
Price to Earnings (P/E)73.0
Beta (1Y)1.26
Revenue Growth-7.84%
EPS Growth-21.07%
CountryCA
Employees26,312
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)0.94
Shares Outstanding82,186,030
10 Day Avg. Volume226,396
30 Day Avg. Volume209,434
Financial Highlights & Ratios
PEG Ratio-1.14
Price to Book (P/B)3.21
Price to Sales (P/S)1.07
P/FCF Ratio11.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$188.87Price Target Upside4.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)4.7
Revenue Forecast (FY)C$8.05B
TFI International Business Overview & Revenue Model
Company Description
TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Co...
How the Company Makes Money
TFI International makes money primarily by selling transportation capacity and logistics services to shippers under contractual and transactional arrangements. Its core revenue streams come from (1) trucking services—moving full-truckload and less...
TFI International Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Neutral
The call highlights strong cash generation, disciplined capital returns (>$225M buybacks, dividend increase), improved service metrics, and strategic focus on higher-value verticals and tuck-in M&A. However, these positives are tempered by declining revenues across segments, lower operating income, margin pressure (notably in Truckload and Logistics), weather-related costs, and continued macro/industry overcapacity and demand softness. Management offered conservative near-term guidance (Q1 EPS $0.50–$0.60) while signaling operational fixes and opportunities for improvement (data centers, energy, asset-light growth) that could boost results later in 2026. Overall, the call balances clear financial and operational strengths against meaningful near-term headwinds and uncertainty.Positive Updates
Annual Free Cash Flow and Per-Share Generation
Generated more than $10 per share of free cash flow in 2025, totaling approximately $832 million (also referenced as ~$830M), demonstrating strong cash generation despite a soft freight environment.
Negative Updates
Quarterly Revenue Decline
Total revenue before fuel surcharge for the quarter was $1.7 billion compared with $1.8 billion a year earlier (~ -5.6% year-over-year decline), reflecting ongoing soft freight demand.
Read all updates
Q4-2025 Updates
Positive
Negative
Annual Free Cash Flow and Per-Share Generation
Generated more than $10 per share of free cash flow in 2025, totaling approximately $832 million (also referenced as ~$830M), demonstrating strong cash generation despite a soft freight environment.
Read all positive updates
Company Guidance
TFI guided first‑quarter adjusted diluted EPS of $0.50–$0.60 and full‑year 2026 net CapEx (ex‑real estate) of $225–$250 million, assuming no material change in the operating environment, and reiterated the plan to deliver higher full‑year EPS versus 2025 while being conservative after a weather‑hit January and a March‑weighted Q1; for context Q4 revenue before fuel was $1.7 billion with operating income of $127 million (7.6% margin), Q4 net cash from operations $282 million (+8% YoY), Q4 free cash flow $259 million (+25% YoY) and full‑year 2025 free cash flow >$10 per share (≈$832 million), year‑end leverage 2.5x debt/EBITDA (management prefers nearer 2.0x), >$225 million of share repurchases in 2025 and a dividend increase. Management flagged segment dynamics and near‑term headwinds: U.S. LTL expected to see ~250 bps sequential margin deterioration (similar in Canada), P&C down ~1,000 bps with revenue down ~15% sequentially, Specialty Truckload roughly flat sequential, Canadian Truckload ~‑100 bps and Logistics ~‑150 bps, and estimated weather disruption already cost roughly $5–6 million (≈100 bps).TFI International Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.59B | 11.02B | 11.50B | 7.64B | 8.55B | 7.10B |
| Gross Profit | 1.03B | 1.35B | 1.57B | 1.18B | 1.38B | 1.01B |
| EBITDA | 1.25B | 1.62B | 1.80B | 1.23B | 1.53B | 1.35B |
| Net Income | 325.62M | 433.93M | 578.79M | 513.06M | 798.73M | 741.74M |
Balance Sheet | ||||||
| Total Assets | 7.49B | 10.29B | 7.14B | 6.27B | 5.56B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 185.95M | 288.11M | 0.00 | 334.75M | 148.45M | 19.13M |
| Total Debt | 3.18B | 5.07B | 2.98B | 2.34B | 1.74B | 2.02B |
| Total Liabilities | 4.83B | 6.62B | 4.47B | 3.68B | 3.07B | 3.54B |
| Stockholders Equity | 2.66B | 3.67B | 2.67B | 2.59B | 2.49B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | 718.27M | 984.48M | 637.67M | 662.85M | 602.34M | 576.84M |
| Operating Cash Flow | 1.02B | 1.37B | 1.01B | 1.03B | 942.73M | 840.99M |
| Investing Cash Flow | -476.15M | -505.65M | -1.18B | -810.26M | 216.77M | -1.14B |
| Financing Cash Flow | -298.83M | -562.41M | -156.54M | -28.52M | -1.04B | 316.89M |
TFI International Technical Analysis
Positive
180.20
Price Trends
156.45
Positive
149.82
Positive
136.94
Positive
Market Momentum
7.00
Negative
74.80
Negative
87.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TFII, the sentiment is Positive. The current price of 180.2 is above the 20-day moving average (MA) of 157.89, above the 50-day MA of 156.45, and above the 200-day MA of 136.94, indicating a bullish trend. The MACD of 7.00 indicates Negative momentum. The RSI at 74.80 is Negative, neither overbought nor oversold. The STOCH value of 87.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TFII.
TFI International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$5.64B | 21.80 | 10.61% | 3.13% | 23.22% | 25.29% | |
66 Neutral | C$738.92M | 10.32 | 10.91% | 5.09% | 2.27% | 33.87% | |
65 Neutral | C$1.97B | 19.45 | 8.72% | 5.21% | 7.92% | -14.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | C$15.97B | 73.02 | 11.65% | 1.75% | -7.84% | -21.07% | |
59 Neutral | C$5.02B | 31.34 | 14.65% | 2.27% | -24.24% | -74.52% | |
52 Neutral | C$1.19B | 16.01 | 10.73% | 1.67% | -0.81% | -22.95% |
* Industrials Sector Average
TSE:TFII
TFI International
194.36
85.55
78.63%
TSE:EIF
Exchange Income
100.05
50.52
101.98%
TSE:MTL
Mullen Group
20.56
8.16
65.77%
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23.15
10.28
79.86%
TSE:WJX
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33.82
16.93
100.21%
TSE:CJT
Cargojet
79.04
-3.63
-4.40%
TFI International Corporate Events
Financial Disclosures
TFI International Sets Date for First-Quarter 2026 Earnings Release and Webcast
Neutral
Mar 30, 2026
TFI International said it will publish its financial results for the first quarter ended March 31, 2026 after markets close on April 27, 2026, followed by a webcast with Chairman and CEO Alain Bédard and CFO David Saperstein at 5:00 p.m. East...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.