TFI International Inc. balance sheet

At the end of fiscal 2025, TFI International Inc. had total assets of $7.51bn, total liabilities of $4.83bn and shareholders' equity of $2.68bn. It held $210m in cash against $2.58bn of debt: net debt of $2.37bn.

Balance sheet

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

TFI International Inc.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	0	4	19	147	336	0	210
Receivables	452	598	1,056	1,031	895	928	881
Inventory	11	9	24	24	24	18	20
Total current assets	527	653	1,162	1,264	1,336	1,037	1,209
Goodwill	62	173	49	59	—	—	—
Total assets	3,509	3,847	5,884	5,506	6,284	7,166	7,509
Total current liabilities	488	654	1,407	967	1,066	1,019	1,170
Short-term debt	41	43	364	37	174	93	222
Long-term debt	1,302	830	1,245	1,279	1,710	2,309	2,355
Total debt	1,343	873	1,608	1,316	1,884	2,403	2,578
Total liabilities	2,350	2,059	3,573	3,043	3,692	4,493	4,832
Shareholders' equity	1,159	1,789	2,220	2,463	2,591	2,673	2,678
Net debt (negative = net cash)	1,343	868	1,589	1,169	1,549	2,403	2,368

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from TFI International Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TFI International Inc.