TFI International Inc

TFII

Equity

ISIN null / Valor 35194025

Toronto Stock Exchange (2026-09-09)

CAD 182.39-1.38%

TFI International Inc
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About company

TFI International Inc. is a prominent player in the transportation and logistics sector, with operations spanning the United States, Canada, and Mexico. The company provides a comprehensive range of services, including truckload, less-than-truckload, and package and courier services, as well as logistics and warehousing solutions. TFI International's extensive network and diverse service offerings enable it to efficiently manage and transport goods across North America, catering to a wide array of industries. With a strategic focus on operational efficiency and customer service, TFI International continues to expand its footprint and enhance its capabilities in the competitive logistics market.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue and margins

Total revenue in Q4 2025 was $1.914 billion (down from $2.077 billion in Q4 2024); revenue before fuel surcharge fell to $1.680 billion from $1.827 billion. Adjusted EBITDA for the quarter was $279.6 million versus $315.3 million a year earlier. Operating income declined to $127.2 million from $160.2 million, reflecting weaker volumes partially offset by acquisitions.

Profitability

Reported net income for Q4 2025 was $71.7 million (diluted EPS $0.87) versus $88.1 million (EPS $1.03) in Q4 2024. Adjusted net income was $89.5 million, or adjusted diluted EPS of $1.09, down from $101.8 million and $1.19 respectively in Q4 2024.

Cash flow and capital returns

Net cash from operating activities was $282.2 million in the quarter (up from $262.4 million). Free cash flow was $258.9 million (about 25% higher than the year-earlier quarter). The Board increased the quarterly dividend to $0.47 (4% increase) and the company returned $54.1 million to shareholders in the quarter ($36.7M dividends, $17.4M repurchases) and repurchased over $200 million of common shares during the year.

Segment performance

Q4 revenue before fuel surcharge fell across segments: Truckload down ~3%, Less‑Than‑Truckload (LTL) down ~10%, Logistics down ~13%. Operating income decreased: LTL -12%, Truckload -19%, Logistics -27%. Management noted improvements in the U.S. LTL operating ratio despite the challenging demand environment.

Full‑year 2025 snapshot

For the full year ended Dec 31, 2025, total revenue was $7.885 billion (down from $8.397 billion in 2024), operating income $565.3 million (vs. $719.0M), net income $310.6 million (EPS $3.72) and adjusted net income $364.9 million (adjusted diluted EPS $4.37). Free cash flow for the year was $832.3 million.

Guidance and capital spending

TFI expects Q1 2026 adjusted diluted EPS of $0.50–$0.60 (assuming no material change in the operating environment) and forecasts full‑year net capital expenditures (excluding real estate) of $225–$250 million.

Liquidity and balance sheet actions

The company borrowed $180.9 million in the quarter, with cash and cash equivalents increasing by $170.3 million. Management highlighted a strengthened balance sheet used to support internal growth investments and M&A activity.

Summarized from source with an LLMView Source

Key figures

42.4%1Y

1.53%3Y

29.1%5Y

Performance

37.6%1Y

36.2%3Y

36.4%5Y

Volatility