TFII financial statements
The full income statement, balance sheet, and cash-flow statement for TFI International Inc. (TFII), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.88B-6.1% | 8.40B+11.6% | 7.52B-14.7% | 8.81B+22.0% | 7.22B+91.0% | |
| Operating income | 565M-21.4% | 719M-5.1% | 758M-33.9% | 1.15B+17.0% | 979M+135.1% | |
| Interest expense | 162M-5.7% | 172M+92.2% | 89.5M+208.9% | -82.1M-5.1% | -78.1M-237.9% | |
| Pre-tax income | 405M-27.7% | 561M-17.1% | 677M-36.5% | 1.07B+17.6% | 906M+149.9% | |
| Income tax | 94.8M-31.4% | 138M-19.6% | 172M-29.1% | 242M+59.7% | 152M+74.5% | |
| 311M-26.5% | 422M-16.3% | 505M-38.7% | 823M+0.0% | 823M+198.6% | ||
| Net income to common | 311M-26.5% | 422M-16.3% | 505M-38.7% | 823M+9.1% | 754M+173.7% | |
| $3.72-25.0% | $4.96-14.5% | $5.80-35.7% | $9.02+14.0% | $7.91+161.1% | ||
| EPS (basic) | $3.74-25.2% | $5.00-15.0% | $5.88-36.2% | $9.21+13.6% | $8.11+162.5% | |
| Weighted-avg shares (basic) | 83.1M-1.8% | 84.6M-1.6% | 85.9M-3.9% | 89.4M-4.0% | 93.1M+4.4% | |
| Weighted-avg shares (diluted) | 83.4M-2.1% | 85.2M-2.1% | 87.1M-4.6% | 91.3M-4.3% | 95.3M+4.8% | |
| Dividends per share | $1.79+8.1% | $1.65+12.3% | $1.47+24.1% | $1.19+22.6% | $0.97+24.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.21B+16.6% | 1.04B-22.4% | 1.34B+5.7% | 1.26B+8.7% | 1.16B+78.0% | ||
| Cash & equivalents | 210M | 0.00-100.0% | 336M+128.1% | 147M+662.6% | 19.3M+349.0% | |
| Accounts receivable | 881M-5.0% | 928M+3.7% | 895M-13.2% | 1.03B-2.4% | 1.06B+76.6% | |
| Inventory | 19.5M+8.7% | 18.0M-25.0% | 24.0M-0.9% | 24.2M-0.9% | 24.4M+178.5% | |
| 7.51B+4.8% | 7.17B+14.0% | 6.28B+14.1% | 5.51B-6.4% | 5.88B+52.9% | ||
| Property, plant & equipment | 2.78B-3.9% | 2.89B+19.7% | 2.42B+13.3% | 2.13B-13.2% | 2.46B+128.5% | |
| Goodwill | — | — | — | 59.2M+20.2% | 49.2M-71.6% | |
| Total non-current assets | 6.30B+2.8% | 6.13B+23.9% | 4.95B+16.6% | 4.24B-10.1% | 4.72B+47.8% | |
| 1.17B+14.9% | 1.02B-4.5% | 1.07B+10.3% | 967M-31.3% | 1.41B+115.0% | ||
| Short-term & current debt | 222M+138.1% | 93.5M-46.4% | 174M+370.1% | 37.1M-89.8% | 364M+745.6% | |
| 4.83B+7.5% | 4.49B+21.7% | 3.69B+21.3% | 3.04B-14.8% | 3.57B+73.6% | ||
| Long-term debt | 2.36B+2.0% | 2.31B+35.1% | 1.71B+33.7% | 1.28B+2.7% | 1.24B+50.0% | |
| 2.68B+0.2% | 2.67B+3.2% | 2.59B+5.2% | 2.46B+10.9% | 2.22B+24.1% | ||
| Total equity incl. non-controlling | 2.68B+0.2% | 2.67B+3.2% | 2.59B+5.2% | 2.46B+6.6% | 2.31B+29.2% | |
| Common shares issued | — | 84.4M-0.0% | 84.4M-2.4% | 86.5M-6.1% | 92.2M+8127.6% | |
| Shares outstanding (cover) | 84.4M+0.0% | 84.4M-0.0% | 84.4M-2.4% | 86.5M-6.1% | 92.2M-1.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 978M-8.0% | 1.06B+4.8% | 1.01B+4.3% | 972M+13.6% | 855M+40.0% | ||
| Depreciation & amortization | 611M+4.9% | 582M+31.7% | 442M+2.6% | 431M+9.6% | 393M+31.3% | |
| Intangible amortization | 86.8M+8.6% | 80.0M+33.2% | 60.0M+7.8% | 55.7M+0.8% | 55.2M+14.6% | |
| Capital expenditure | 273M-30.4% | 393M+8.6% | 362M+3.1% | 351M+30.6% | 269M+88.3% | |
| Free cash flow | 705M+5.2% | 670M+2.7% | 652M+5.1% | 621M+5.8% | 587M+25.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 219M-56.1% | 500M-13.0% | 575M+72.1% | 334M-49.4% | 661M+1892.6% | |
| Long-term debt repaid | 320M-40.4% | 537M+1197.3% | 41.4M-88.8% | 370M+742.7% | 43.9M-77.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 151M+8.1% | 139M+12.3% | 124M+21.1% | 103M+15.1% | 89.1M+22.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.72B-23.5% | 11.4B-3.1% | 11.8B+27.4% | 9.24B-10.6% | 10.3B+114.5% | |
| P/E | 28.1×+4.1% | 27.0×+88.8% | 14.3×+27.4% | 11.2×-10.6% | 12.5×-28.2% | |
| P/S | 1.1×-18.5% | 1.4×+1.7% | 1.3×+4.4% | 1.3×-10.6% | 1.4×+12.3% | |
| P/B | 3.3×-23.6% | 4.3×-10.7% | 4.8×+14.8% | 4.2×-10.6% | 4.7×+72.8% | |
| P/FCF | 12.4×-27.3% | 17.0×-10.2% | 19.0×+20.4% | 15.7×-10.6% | 17.6×+71.1% | |
| Earnings yield | 3.6%-3.9% | 3.7%-47.0% | 7.0%-21.5% | 8.9%+11.8% | 8.0%+39.2% | |
| FCF yield | 8.1%+37.5% | 5.9%+11.3% | 5.3%-16.9% | 6.4%+11.8% | 5.7%-41.6% | |
| Dividend yield | 1.7%+41.3% | 1.2%+13.0% | 1.1%-8.5% | 1.2%+37.1% | 0.86%-42.9% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: TFII’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TFII filings on SEC EDGAR → Not investment advice.