TFI International Inc.
TFII · Trucking & Courier Services (No Air) · EDGAR filings ↗
Grade
C67Large, established trucking/logistics consolidator with strong free cash flow but cyclical revenue and earnings declines.
Strengths
- Free cash flow $704M (75th pct), ROIC 8.5% (68th pct), operating margin 7.2% (63rd pct)
- Diversified scale and consistent cash generation
Risks
- Revenue down 6% (20th pct) and net income down 26% in a freight downcycle
- Mid-pack ROE/ROA (~50th pct) and elevated leverage (D/E 0.96)
Notable findings
- Strong balance sheetStrong balance sheet — $210M cash & investments
Key metrics
Operating margin
7.2%
Net margin
3.9%
Return on equity
11.6%
Return on assets
4.1%
ROIC
8.5%
Revenue growth (QoQ)
-6.1%
Net-income growth
-26.5%
Debt / equity
1.0×
Interest coverage
3.5×
Current ratio
1.0×
Free cash flow
$705M
Tangible book value
$2.7B
Cash & investments
$210M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-02-17 | 2025-12-31 | 0001193125-26-054689 ↗ |
| 40-F | 2025-02-19 | 2024-12-31 | 0000950170-25-023200 ↗ |
| 40-F | 2024-02-16 | 2023-12-31 | 0000950170-24-016307 ↗ |
| 40-F | 2023-02-23 | 2022-12-31 | 0001193125-23-046368 ↗ |
| 40-F | 2022-03-15 | 2021-12-31 | 0001193125-22-074819 ↗ |
| 40-F | 2021-02-18 | 2020-12-31 | 0001564590-21-006695 ↗ |