Tfi International Inc (TSE:TFII)
NYSE:TFII
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TFI International
(NYSE:TFII)
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Rating:63Neutral
Price Target:
C$178.00
â–²(6.68% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by solid financial fundamentals (strong revenue rebound and sustained free cash flow) but capped by notable margin compression and higher leverage. Technical indicators are mixed with weak near-term momentum, and valuation appears elevated versus current profitability. The latest earnings call adds caution due to soft near-term guidance and ongoing freight headwinds, partially offset by strong cash generation and shareholder returns.
Positive Factors
Consistent, high free cash flow
Sustained, large free cash flow provides durable financial flexibility: supports debt service, dividends, opportunistic buybacks, and tuck-in M&A without relying on equity markets. This cash generation underpins capital allocation and resilience through freight cycles over the next 2–6 months.
Negative Factors
Material margin compression
Net margin deterioration from double digits to the high single digits and now ~3.9% signals structural cost or mix pressure. Persistent margin compression reduces earnings sensitivity to revenue recovery and limits retained earnings for reinvestment or faster deleveraging over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent, high free cash flow
Sustained, large free cash flow provides durable financial flexibility: supports debt service, dividends, opportunistic buybacks, and tuck-in M&A without relying on equity markets. This cash generation underpins capital allocation and resilience through freight cycles over the next 2–6 months.
Read all positive factors
TFI International (TFII) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.71B
Dividend Yield1.75%
Average Volume (3M)214.26K
Price to Earnings (P/E)29.2
Beta (1Y)1.25
Revenue Growth-0.25%
EPS Growth-28.71%
CountryCA
Employees26,312
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)1.51
Shares Outstanding82,151,030
10 Day Avg. Volume201,494
30 Day Avg. Volume214,259
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$173.06Price Target Upside3.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)4.69
Revenue Forecast (FY)C$7.98B
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:Apr 27, 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
72
Positive
Balance Sheet
60
Neutral
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.02B | 11.50B | 7.64B | 8.55B | 7.10B |
| Gross Profit | 1.35B | 1.57B | 1.18B | 1.38B | 1.01B |
| EBITDA | 1.62B | 1.80B | 1.23B | 1.53B | 1.35B |
| Net Income | 433.93M | 578.79M | 513.06M | 798.73M | 741.74M |
Balance Sheet | |||||
| Total Assets | 10.29B | 7.14B | 6.27B | 5.56B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 288.11M | 0.00 | 334.75M | 148.45M | 19.13M |
| Total Debt | 5.07B | 2.98B | 2.34B | 1.74B | 2.02B |
| Total Liabilities | 6.62B | 4.47B | 3.68B | 3.07B | 3.54B |
| Stockholders Equity | 3.67B | 2.67B | 2.59B | 2.49B | 2.29B |
Cash Flow | |||||
| Free Cash Flow | 984.48M | 637.67M | 662.85M | 602.34M | 576.84M |
| Operating Cash Flow | 1.37B | 1.01B | 1.03B | 942.73M | 840.99M |
| Investing Cash Flow | -505.65M | -1.18B | -810.26M | 216.77M | -1.14B |
| Financing Cash Flow | -562.41M | -156.54M | -28.52M | -1.04B | 316.89M |
TFI International Technical Analysis
Positive
166.86
Price Trends
153.59
Positive
145.92
Positive
135.09
Positive
Market Momentum
2.30
Negative
71.83
Negative
94.78
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 166.86 is above the 20-day moving average (MA) of 146.39, above the 50-day MA of 153.59, and above the 200-day MA of 135.09, indicating a bullish trend. The MACD of 2.30 indicates Negative momentum. The RSI at 71.83 is Negative, neither overbought nor oversold. The STOCH value of 94.78 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$5.91B | 21.80 | 10.61% | 3.13% | 15.47% | 9.40% | |
66 Neutral | C$707.02M | 10.32 | 10.91% | 5.09% | 3.71% | -12.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | C$13.71B | 29.16 | 11.65% | 1.75% | -0.25% | -28.71% | |
61 Neutral | C$1.72B | 15.25 | 9.33% | 5.21% | 5.53% | -21.87% | |
59 Neutral | C$4.71B | 31.34 | 14.65% | 2.27% | -1.47% | -79.68% | |
52 Neutral | C$1.26B | 16.01 | 10.73% | 1.67% | 7.71% | 3170.43% |
* Industrials Sector Average
TSE:TFII
TFI International
166.86
55.51
49.86%
TSE:EIF
Exchange Income
105.00
59.18
129.17%
TSE:MTL
Mullen Group
17.94
6.50
56.87%
TSE:SES
SECURE Waste Infrastructure
21.74
9.58
78.83%
TSE:WJX
Wajax Corporation
32.36
16.98
110.33%
TSE:CJT
Cargojet
83.80
9.87
13.35%
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...
Business Operations and StrategyFinancial Disclosures
TFI International Sets Date for Q4 2025 Results and Investor Webcast
Neutral
Jan 21, 2026
TFI International Inc. announced it will publish its financial results for the fourth quarter ended December 31, 2025 after markets close on February 17, 2026, followed by a webcast the next morning led by Chairman, President and CEO Alain Bé...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
TFI International Accelerates Data Center and Grid Logistics, Appoints New SFI Commercial Chief
Positive
Jan 20, 2026
TFI International is rapidly expanding its data center and electric grid-related transportation business through its asset-based truckload brand SFI, which operates a fleet of about 8,000 tractors to handle high-value and sensitive cargo for these...
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.