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TFI International Inc. (TFII) stock

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NYSE: TFII NYSE Cargo Ground Transportation

C+ Fundamentals grade

TFI International Inc. is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$110

Cash-flow model

Base case. Range ~$72–$150 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 9% below our base value.

Price used: $96.41, November 3, 2026

TFI International Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds169 adding, 107 cuttingOf 55 active managers that changed their stake, 33 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter TFI International files

Where TFI International stands after its latest Filing

Revenue for the twelve months was $7.88bn, down 6.1% on a year earlier, against growth of 11.6% a quarter earlier. Free-cash-flow margin held at 8.9%. Operating margin narrowed to 7.2% from 13.6%. The diluted share count is down 2.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 7 financial-health checks. Our cash-flow model value is $106 a share, against a share price of $93.32. At that price, our model says the market is pricing in about 0.3% a year of cash-flow growth for five years, slower than the 15.8% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

TFI International Inc.'s trailing-twelve-month revenue fell 6.1% year on year, with a free-cash-flow margin of 8.9%. Where it stands out: free-cash-flow margin of 8.9% ranks 3 of 19 cargo ground transportation companies we cover. Where it lags: change in growth rate of -17.7pp ranks 19 of 19 cargo ground transportation companies we cover.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$72–$150 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 5.2% while net income fell 26.5%: a 32pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.1% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 6.1% over the last 12 months.
  • Growth slowing. The growth rate is 17.7 points lower than a quarter earlier.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 31.4% ranks 13 of 17 cargo ground transportation companies we cover (median 11.5%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 6.1% over 90 days.

Latest results

Earnings per share
$1.67 against an average estimate of $1.74: missed by 3.8%
Next report
October 29, 2026; average EPS estimate $1.36

TFI International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%
  • 1 week-15.8%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.9B
Operating margin
7.2%
Net margin
3.9%
EPS (TTM, diluted)
$3.72

Growth

Revenue growth
−6.1%
Change in growth rate
−17.7 pts
Share count change
−2.1%

Cash

Free cash flow (TTM)
$705M
FCF margin
8.9%
Stock pay % of revenue
0.2%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for TFII from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TFI International Inc. valuation models and calculator

What the price is pricing in

The share price implies about 0.7% a year of cash-flow growth for five years.That is slower than the 15.8% a year revenue growth TFI International has delivered.

  • Priced in0.7%
  • Last 12 months-6.1%
  • 3 years a year-3.6%
  • 5 years a year15.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($96.36, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$110
Price used
$96.36close November 3, 2026
Implied change
▲ +10%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of TFI International Inc.'s free cash flow after stock-based pay with after-tax interest added back ($676M, FY2025 Q4 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$72–~$150 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of TFI International Inc.'s free cash flow after stock-based pay ( $676M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value TFI International Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$110 ~$72–$150 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$120 ~$110–$180 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$150 ~$110–$210 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$98–$140 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$120 ~$110–$150 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TFI International Inc. with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −31%
  • Revenue growth 5 points higher ▲ +41%
  • Free-cash-flow margin 1 point lower ▼ −14%
  • Last year's free-cash-flow margin change, if it persists ▲ +15%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $89$130$186$259$354$477
8.5% $61$91$131$184$251$339
10% $45$68$99$139$190$257

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.57 +27% $8.6bn +10%
Next $7.41 +33% $9.0bn +4%

Next year's EPS estimate has moved −6.1% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −7.0% on 90 days ago. In the last 30 days, 1 analyst raised TFI International Inc.'s forecast and 10 cut it.

Consensus EPS forecast TFI International Inc., last 90 days
$5.00 $6.00 $7.00 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.99 Current fiscal year, 60 days ago: $5.99 Current fiscal year, 30 days ago: $5.97 Current fiscal year, 7 days ago: $5.92 Current fiscal year, Now: $5.57 $5.57 Next fiscal year, 90 days ago: $7.90 Next fiscal year, 60 days ago: $7.90 Next fiscal year, 30 days ago: $7.87 Next fiscal year, 7 days ago: $7.81 Next fiscal year, Now: $7.41 $7.41

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.99$7.90
60 days ago $5.99$7.90
30 days ago $5.97$7.87
7 days ago $5.92$7.81
Now $5.57$7.41

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.74 $1.67 −3.8%
Jun 2026 $1.59 $1.85 +16.1%
Mar 2026 $0.61 $0.69 +13.3%
Dec 2025 $0.85 $1.09 +27.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

19 analysts, Nov 2026
Buy1684%
Hold316%
Sell00%

Monthly trend

  1. Nov 2026610319
  2. Oct 2026610319
  3. Sep 2026610319
  4. Aug 2026610319

Counts of recommendations published by analysts covering TFI International Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
5.25
at average volume
Short interest, 1 month
+38%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
6.3%
of shares
Employees
25,680
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How TFI International Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

TFI International Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TFI International Inc.
$2B $4B $6B $8B $10B FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY19 Q4: $3.9B Revenue (TTM), FY20 Q4: $3.8B Revenue (TTM), FY21 Q4: $7.2B Revenue (TTM), FY22 Q4: $8.8B Revenue (TTM), FY23 Q4: $7.5B Revenue (TTM), FY24 Q4: $8.4B Revenue (TTM), FY25 Q4: $7.9B $7.9B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY19 Q4 $3.9B
FY20 Q4 $3.8B
FY21 Q4 $7.2B
FY22 Q4 $8.8B
FY23 Q4 $7.5B
FY24 Q4 $8.4B
FY25 Q4 $7.9B
Revenue growth, TTM YoY TFI International Inc.
-50% 0% 50% 100% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY20 Q4: -3.1% Revenue growth, TTM YoY, FY21 Q4: 91.0% Revenue growth, TTM YoY, FY22 Q4: 22.0% Revenue growth, TTM YoY, FY23 Q4: -14.7% Revenue growth, TTM YoY, FY24 Q4: 11.6% Revenue growth, TTM YoY, FY25 Q4: -6.1% -6.1%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY20 Q4 -3.1%
FY21 Q4 91.0%
FY22 Q4 22.0%
FY23 Q4 -14.7%
FY24 Q4 11.6%
FY25 Q4 -6.1%
Operating margin (TTM) TFI International Inc.
6% 8% 10% 12% 14% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY19 Q4: 9.8% Operating margin (TTM), FY20 Q4: 11.0% Operating margin (TTM), FY21 Q4: 13.6% Operating margin (TTM), FY22 Q4: 13.0% Operating margin (TTM), FY23 Q4: 10.1% Operating margin (TTM), FY24 Q4: 8.6% Operating margin (TTM), FY25 Q4: 7.2% 7.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY19 Q4 9.8%
FY20 Q4 11.0%
FY21 Q4 13.6%
FY22 Q4 13.0%
FY23 Q4 10.1%
FY24 Q4 8.6%
FY25 Q4 7.2%
FCF margin (TTM) TFI International Inc.
4% 6% 8% 10% 12% 14% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY19 Q4: 5.8% FCF margin (TTM), FY20 Q4: 12.4% FCF margin (TTM), FY21 Q4: 8.1% FCF margin (TTM), FY22 Q4: 7.0% FCF margin (TTM), FY23 Q4: 8.7% FCF margin (TTM), FY24 Q4: 8.0% FCF margin (TTM), FY25 Q4: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY19 Q4 5.8%
FY20 Q4 12.4%
FY21 Q4 8.1%
FY22 Q4 7.0%
FY23 Q4 8.7%
FY24 Q4 8.0%
FY25 Q4 8.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F, 40-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar TFI International took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $7.9B
  2. Other operating costs $7.3B · 92.8%
  3. Operating income $565M · 7.2%
  4. Income tax $94.8M · 1.2%
  5. Interest and other $160M · 2.0%
  6. Net income $311M · 3.9%

Shares of revenue. Source: TFI International's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 3,904 3,781 7,220 8,812 7,521 8,397 7,885
EBITDA 679 716 1,372 1,577 1,200 1,301 1,176
Operating income 383 417 979 1,146 758 719 565
Net income 234 276 754 823 505 422 311
Diluted EPS $2.74 $3.03 $7.91 $9.02 $5.80 $4.96 $3.72
Growth (year on year)
Revenue — −3.1% +91.0% +22.0% −14.7% +11.6% −6.1%
EBITDA — +5.5% +91.7% +14.9% −23.9% +8.5% −9.6%
Operating income — +8.8% +135.1% +17.0% −33.9% −5.1% −21.4%
Net income — +18.0% +173.7% +9.1% −38.7% −16.3% −26.5%
Diluted EPS — +10.6% +161.1% +14.0% −35.7% −14.5% −25.0%
Margins
EBITDA margin 17.4% 18.9% 19.0% 17.9% 15.9% 15.5% 14.9%
Operating margin 9.8% 11.0% 13.6% 13.0% 10.1% 8.6% 7.2%
Net margin 6.0% 7.3% 10.4% 9.3% 6.7% 5.0% 3.9%
Free-cash-flow margin 5.8% 12.4% 8.1% 7.0% 8.7% 8.0% 8.9%
Cash flow
Cash from operations 488 611 855 972 1,014 1,063 978
Capital spending 261 143 269 351 362 393 273
Free cash flow 227 468 587 621 652 670 705
Stock-based pay 6 7 15 15 13 11 15
Free cash flow after stock pay 221 461 571 606 639 659 689
Balance sheet
Cash 0 4 19 147 336 0 210
Total debt 1,343 873 1,608 1,316 1,884 2,403 2,578
Net debt (negative = net cash) 1,343 868 1,589 1,169 1,549 2,403 2,368
Diluted shares 85m 91m 95m 91m 87m 85m 83m
Returned to shareholders
Dividends 60 68 85 97 121 134 151
Buybacks 192 38 198 568 288 77 226
Total returned 253 106 284 665 409 211 377

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · December 31, 2025
What it owns · $7.5bn
Short-term assets $1.2bnLonger-term assets $6.3bn
What it owes, and who funded it · $7.5bn
Short-term liabilities $1.2bnLonger-term liabilities $3.7bnShareholders' equity $2.7bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $3.7bn of longer-dated liabilities.
  • More cash than debt $210m of cash against $2.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 96% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 46% to 96% over five years.
  • A year's operating cash flow covers at least 20% of debt $978m of operating cash flow against $2.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $565m against $27m of interest.

From TFI International Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$226M
Dividends (TTM)
$151M
Returned to shareholders
53%
of free cash flow
Buybacks, last 3 fiscal years
$590M
Diluted share count
−2.1%
year over year
Total shareholder yield
4.7%
dividends 1.9% + buybacks 2.8% of market value
Dividend payout ratio
49%
of net income paid out
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in cargo ground transportation
Last 12 months unless stated TFII KNX XPO SNDR ODFL LSTR Median
Revenue, last 12 months $7.9bn $8.0bn $8.8bn $6.0bn $5.6bn $5.3bn $3.5bn
Revenue growth, last 12 months −6.1% 7.0% 9.5% 6.0% −0.6% 10.7% 7.0%
Revenue growth, 3-year average — 4.8% 5.0% 1.5% −2.0% −2.9% −0.8%
Revenue growth, latest quarter — 14.2% 12.4% 9.2% 10.4% 25.4% 10.4%
Gross margin — — 18.6% 57.9% — — 18.6%
Operating margin 7.2% 4.2% 9.9% 3.4% 25.8% 4.1% 3.2%
Operating margin, 3-year average — 3.4% 8.6% 3.1% 26.4% 4.4% 3.4%
Net margin 3.9% 1.9% 5.7% 2.4% 19.4% 3.0% 3.0%
Cash from operations / revenue 12.4% 19.0% 12.8% 9.9% 24.9% 3.2% 9.9%
Free-cash-flow margin 8.9% 9.6% 7.4% 4.3% 19.9% 3.0% 3.0%
Free-cash-flow margin, 3-year average — 3.8% 0.2% 4.2% 17.1% 4.3% 0.9%
Stock pay / revenue 0.2% 0.3% 0.9% 0.3% 0.3% 0.2% 0.3%
Change in share count −2.1% 0.4% −1.5% 0.1% −1.9% −2.8% −1.5%

Median of all 19 companies we cover in cargo ground transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

19 cargo ground transportation companies
Measure Company Peer median Rank
Revenue growth Growth -6.1% 7.0% 15 of 19
Change in growth rate Growth -17.7pp +3.0pp 19 of 19
Operating margin Profitability 7.2% 3.4% 6 of 18
Net margin Profitability 3.9% 3.0% 8 of 18
Free-cash-flow margin Cash generation 8.9% 3.0% 3 of 19
Stock pay as % of revenue Cash generation 0.2% 0.3% 5 of 15
Long-term debt as % of assets Balance sheet 31.4% 11.5% 13 of 17
Change in share count Balance sheet -2.1% -1.5% 8 of 18
Days sales outstanding Balance sheet 41 days 49 days 6 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$8.4B
Institutions reporting
289
Shares held vs prior quarter
▲ 1.4%
Positions opened / closed
62 / 19

Top buyers and sellers, Q2 2026: 169 institutions bought and 107 sold ; the biggest buyer was Arrowstreet Capital, Limited Partnership (+865K shares) and the biggest seller 1832 Asset Management L.P (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Caisse De Depot Et Placement Du Quebec $911M 6.3M 10.9% ▼ 11.5%
Fil Ltd $659M 4.6M 7.9% ▼ 4.2%
Jupiter Topco LLC $515M 3.6M 6.2% —
FMR LLC $509M 3.5M 6.1% ▼ 3.1%
Royal Bank Of Canada $496M 3.5M 5.9% ▲ 12.5%
Vanguard Capital Management LLC $325M 2.3M 3.9% ▼ 0.5%
1832 Asset Management L.P. $315M 2.2M 3.8% ▼ 44.8%
Federation Des Caisses Desjardins Du Quebec $262M 1.8M 3.1% ▼ 16.5%
Mackenzie Financial Corp $235M 1.1M 2.8% ▲ 102.5%
Maple Rock Capital Partners Inc. $204M 1.4M 2.4% ▲ 4.2%
Manufacturers Life Insurance Company, The $189M 1.3M 2.3% ▼ 35.4%
Arrowstreet Capital, Limited Partnership $189M 1.3M 2.3% ▲ 192.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TFI International Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on TFI International Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TFI International Inc. in brief

What does TFI International Inc. do?
TFI International Inc. is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.
What is TFI International Inc.'s stock ticker?
TFI International Inc. trades under the ticker TFII on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TFI International Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, TFI International Inc. reported revenue of $7.9B, 6.1% lower than a year earlier, according to its SEC filings.
What is TFI International Inc.'s free cash flow?
TFI International Inc.'s free-cash-flow margin is 8.9% of revenue over the trailing twelve months, ranking 3 of the 19 cargo ground transportation companies we cover.
What is TFI International Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of TFI International Inc.'s free cash flow after stock-based pay gives ~$110 per share in the base case, and ~$72–$150 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are TFI International Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Caisse De Depot Et Placement Du Quebec, Fil Ltd and Jupiter Topco LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TFI International Inc. buying back stock, and does it pay a dividend?
TFI International Inc. spent $226M on share repurchases over the trailing twelve months, and its diluted share count fell 2.1% over the year.
Does TFI International Inc. pay a dividend?
Yes: TFI International Inc. paid $151M in dividends over the trailing twelve months, a dividend yield of 1.89% and a payout ratio of 48.7%.
How much debt does TFI International Inc. have?
TFI International Inc.'s debt-to-equity ratio is 96.3%, from its latest balance sheet (46.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are TFI International Inc.'s competitors?
In our Cargo Ground Transportation peer group, the companies closest to TFI International Inc. are Knight-swift Transportation Holdings Inc., XPO, Inc., Schneider National, Inc., Old Dominion and Landstar System Inc. The side-by-side comparison below sets their revenue, margins and growth against TFI International Inc.'s.