TFI International (TFII) Financials

$77.18 -2.18 (-2.74%)

Closing price 03:59 PM Eastern

Extended Trading

$77.25 +0.06 (+0.08%)

As of 04:45 PM Eastern

Annual Income Statements for TFI International

This table shows TFI International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	4,612	276	900	10,863	505	422
Consolidated Net Income / (Loss)	4,612	276	900	10,863	505	422
Net Income / (Loss) Continuing Operations	4,634	276	900	10,863	505	422
Total Pre-Tax Income	4,710	363	906	11,105	677	561
Total Operating Income	4,625	349	743	10,891	663	553
Total Gross Profit	5,077	787	1,504	11,814	1,525	1,571
Total Revenue	7,766	3,784	7,215	17,314	7,530	8,411
Operating Revenue	7,766	3,784	7,215	17,314	7,530	8,411
Total Cost of Revenue	2,690	2,997	5,711	5,500	6,005	6,839
Operating Cost of Revenue	2,690	2,997	5,711	5,500	6,005	6,839
Total Operating Expenses	452	438	761	923	862	1,018
Depreciation Expense	246	251	338	375	382	502
Amortization Expense	50	48	55	56	60	80
Other Operating Expenses / (Income)	156	151	380	492	435	435
Impairment Charge	-	-	-	-	-15	0.19
Total Other Income / (Expense), net	85	13	309	214	14	7.33
Interest & Investment Income	-	-0.01	-0.02	-	-0.04	0.00
Other Income / (Expense), net	85	13	310	214	14	7.33
Income Tax Expense	77	87	152	242	172	138
Weighted Average Basic Shares Outstanding	-	93.40M	92.15M	86.54M	84.44M	84.41M
Diluted Earnings per Share	-	$3.03	$7.91	-	$5.80	$4.96
Weighted Average Diluted Shares Outstanding	-	93.40M	92.15M	86.54M	84.44M	84.41M
Weighted Average Basic & Diluted Shares Outstanding	-	93.40M	92.15M	86.54M	84.44M	84.41M

No quarterly income statements for TFI International are available.

This table details how cash moves in and out of TFI International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	822	821	476	128	195	-346
Net Cash From Operating Activities	1,013	443	669	972	1,014	1,063
Net Cash From Continuing Operating Activities	1,013	443	669	1,245	970	1,043
Net Income / (Loss) Continuing Operations	234	276	754	823	505	422
Consolidated Net Income / (Loss)	234	276	754	823	505	422
Depreciation Expense	169	171	225	375	382	502
Amortization Expense	50	48	55	56	60	80
Non-Cash Adjustments To Reconcile Net Income	561	-56	-365	278	266	308
Changes in Operating Assets and Liabilities, net	-	4.74	-	-287	-243	-270
Net Cash From Investing Activities	1.21	-5.10	4.77	-323	-797	-1,245
Net Cash From Continuing Investing Activities	1.21	-5.10	4.77	223	-797	-1,245
Purchase of Property, Plant & Equipment	-	-	-	-431	-364	-399
Acquisitions	-	-	-	-158	-629	-958
Purchase of Investments	-0.60	-7.45	-36	-6.12	-42	0.00
Sale of Property, Plant & Equipment	-	-	-	260	124	99
Sale and/or Maturity of Investments	1.81	0.00	41	13	89	19
Other Investing Activities, net	-	-	-	-0.31	25	-5.42
Net Cash From Financing Activities	-192	382	-198	-808	9.18	-399
Net Cash From Continuing Financing Activities	-192	382	-198	-1,067	-22	-164
Repayment of Debt	-	-	-	-493	-169	-702
Repurchase of Common Equity	-	-	-	-568	-288	-77
Payment of Dividends	-	-	-	-97	-121	-134
Issuance of Debt	-	-	-	334	575	500
Other Financing Activities, net	-	-	-	17	13	14

No quarterly cash flow statements for TFI International are available.

This table presents TFI International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,969	3,509	3,847	5,884	5,506	6,284	7,146
Total Current Assets	501	527	653	1,162	1,264	1,336	1,037
Cash & Equivalents	0.00	0.00	4.30	19	147	336	0.00
Accounts Receivable	463	452	598	1,056	1,031	895	928
Inventories, net	9.35	11	8.76	24	24	24	18
Current Deferred & Refundable Income Taxes	-	-	-	-	13	24	12
Plant, Property, & Equipment, net	1,024	1,125	1,074	2,455	2,132	2,415	2,891
Total Noncurrent Assets	4,413	1,885	2,120	2,321	2,149	2,588	3,284
Long-Term Investments	-	0.00	-	31	86	50	22
Goodwill	-	1,505	-	1,793	1,592	2,019	2,623
Noncurrent Deferred & Refundable Income Taxes	14	8.82	11	30	27	21	14
Other Noncurrent Operating Assets	3,000	371	361	467	439	498	625
Total Liabilities & Shareholders' Equity	5,937	3,509	3,847	5,884	5,506	6,284	7,146
Total Liabilities	1,813	2,350	2,059	3,573	3,043	3,692	4,473
Total Current Liabilities	893	488	654	1,407	967	1,066	1,004
Short-Term Debt	-	41	43	364	37	198	109
Accounts Payable	349	341	468	862	709	672	639
Other Current Liabilities	531	83	143	142	221	196	249
Total Noncurrent Liabilities	2,732	1,862	1,404	2,166	2,076	2,626	3,469
Long-Term Debt	1,170	1,303	830	1,245	1,279	1,714	2,314
Capital Lease Obligations	-	279	267	314	297	333	421
Noncurrent Deferred & Payable Income Tax Liabilities	213	240	232	424	368	433	521
Noncurrent Employee Benefit Liabilities	12	14	16	68	0.00	53	70
Other Noncurrent Operating Liabilities	1,338	25	60	116	132	93	142
Total Equity & Noncontrolling Interests	2,312	1,159	1,789	2,310	2,463	2,591	2,673
Total Preferred & Common Equity	2,312	1,159	1,789	2,310	2,463	2,591	2,673
Total Common Equity	2,312	1,159	1,789	2,310	2,463	2,591	2,673
Common Stock	697	698	1,140	1,172	1,131	1,145	1,166
Retained Earnings	640	634	804	1,283	1,566	1,647	1,839
Accumulated Other Comprehensive Income / (Loss)	-200	-173	-155	-145	-233	-201	-332

No quarterly balance sheets for TFI International are available.

This table displays calculated financial ratios and metrics derived from TFI International's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-51.28%	90.68%	139.96%	-56.51%	11.70%
EBITDA Growth	0.00%	-88.20%	129.19%	765.71%	-90.30%	2.15%
EBIT Growth	0.00%	-92.30%	190.15%	955.35%	-93.91%	-17.15%
NOPAT Growth	0.00%	-94.16%	132.87%	1,622.98%	-95.36%	-15.68%
Net Income Growth	0.00%	-94.02%	226.63%	1,106.37%	-95.35%	-16.32%
EPS Growth	0.00%	0.00%	161.06%	0.00%	0.00%	-14.48%
Operating Cash Flow Growth	0.00%	-56.25%	50.98%	45.19%	4.34%	4.81%
Free Cash Flow Firm Growth	0.00%	0.00%	-584.57%	1,718.05%	-101.10%	-415.81%
Invested Capital Growth	0.00%	4.48%	44.64%	-9.02%	16.05%	23.39%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	65.37%	20.80%	20.84%	68.24%	20.25%	18.68%
EBITDA Margin	63.46%	15.37%	18.47%	66.63%	14.86%	13.59%
Operating Margin	59.55%	9.23%	10.29%	62.91%	8.80%	6.58%
EBIT Margin	60.65%	9.58%	14.58%	64.14%	8.99%	6.67%
Profit (Net Income) Margin	59.39%	7.29%	12.48%	62.74%	6.71%	5.02%
Tax Burden Percent	97.92%	76.02%	99.36%	97.82%	74.60%	75.35%
Interest Burden Percent	100.00%	100.00%	86.12%	100.00%	99.99%	100.00%
Effective Tax Rate	1.62%	23.98%	16.75%	2.18%	25.40%	24.65%
Return on Invested Capital (ROIC)	163.21%	9.32%	17.36%	264.84%	11.94%	8.39%
ROIC Less NNEP Spread (ROIC-NNEP)	167.05%	10.05%	36.00%	277.62%	12.59%	8.63%
Return on Net Nonoperating Assets (RNNOA)	234.64%	9.39%	26.58%	190.29%	8.03%	7.66%
Return on Equity (ROE)	397.85%	18.70%	43.94%	455.13%	19.98%	16.05%
Cash Return on Invested Capital (CROIC)	0.00%	4.94%	-19.14%	274.29%	-2.92%	-12.55%
Operating Return on Assets (OROA)	145.44%	9.86%	21.63%	195.01%	11.48%	8.35%
Return on Assets (ROA)	142.41%	7.50%	18.51%	190.75%	8.56%	6.29%
Return on Common Equity (ROCE)	397.85%	18.70%	43.94%	455.13%	19.98%	16.05%
Return on Equity Simple (ROE_SIMPLE)	397.85%	15.41%	38.97%	441.02%	19.48%	15.80%
Net Operating Profit after Tax (NOPAT)	4,550	266	618	10,654	494	417
NOPAT Margin	58.58%	7.02%	8.57%	61.53%	6.57%	4.96%
Net Nonoperating Expense Percent (NNEP)	-3.84%	-0.74%	-18.65%	-12.78%	-0.64%	-0.24%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	10.23%	7.56%
Cost of Revenue to Revenue	34.63%	79.20%	79.16%	31.76%	79.75%	81.32%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.82%	11.57%	10.55%	5.33%	11.45%	12.10%
Earnings before Interest and Taxes (EBIT)	4,710	363	1,052	11,105	677	561
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,929	581	1,333	11,536	1,119	1,143
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.39	3.68	4.48	4.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	19.60	10.40	20.28	226.68
Price to Revenue (P/Rev)	0.00	0.00	1.41	0.52	1.54	1.36
Price to Earnings (P/E)	0.00	0.00	11.26	0.83	22.98	27.00
Dividend Yield	0.00%	2.16%	0.88%	1.18%	1.08%	1.52%
Earnings Yield	0.00%	0.00%	8.88%	119.92%	4.35%	3.70%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.85	2.72	3.03	2.59
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.67	0.60	1.79	1.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.02	0.90	12.03	12.45
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	11.42	0.94	19.89	25.38
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	19.43	0.98	27.22	34.13
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	17.95	10.74	13.28	13.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.95	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	1.40	0.64	0.83	0.65	0.87	1.06
Long-Term Debt to Equity	1.36	0.61	0.67	0.64	0.79	1.02
Financial Leverage	1.40	0.93	0.74	0.69	0.64	0.89
Leverage Ratio	1.87	2.50	2.37	2.39	2.33	2.55
Compound Leverage Factor	1.87	2.50	2.04	2.39	2.33	2.55
Debt to Total Capital	58.34%	38.93%	45.41%	39.57%	46.41%	51.55%
Short-Term Debt to Total Capital	1.48%	1.47%	8.59%	0.91%	4.09%	1.97%
Long-Term Debt to Total Capital	56.85%	37.46%	36.82%	38.66%	42.32%	49.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.66%	61.07%	54.59%	60.43%	53.59%	48.45%
Debt to EBITDA	0.33	1.96	1.44	0.14	2.01	2.49
Net Debt to EBITDA	0.33	1.95	1.40	0.12	1.66	2.47
Long-Term Debt to EBITDA	0.32	1.89	1.17	0.14	1.83	2.39
Debt to NOPAT	0.36	4.29	3.11	0.15	4.54	6.82
Net Debt to NOPAT	0.36	4.28	3.03	0.13	3.76	6.77
Long-Term Debt to NOPAT	0.35	4.13	2.52	0.15	4.14	6.56
Altman Z-Score	0.00	0.00	3.77	12.05	3.86	3.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	1.08	1.00	0.83	1.31	1.25	1.03
Quick Ratio	0.93	0.92	0.76	1.22	1.15	0.92
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	141	-682	11,034	-121	-623
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	568.03%	421.20%	353.86%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	2.40	1.03	1.48	3.04	1.28	1.25
Accounts Receivable Turnover	16.97	7.21	8.73	16.59	7.82	9.23
Inventory Turnover	268.83	308.62	344.44	226.40	249.45	326.26
Fixed Asset Turnover	7.23	3.44	4.09	7.55	3.31	3.17
Accounts Payable Turnover	7.80	7.40	8.59	7.00	8.70	10.43
Days Sales Outstanding (DSO)	21.51	50.65	41.83	22.00	46.67	39.54
Days Inventory Outstanding (DIO)	1.36	1.18	1.06	1.61	1.46	1.12
Days Payable Outstanding (DPO)	46.82	49.31	42.50	52.12	41.96	34.99
Cash Conversion Cycle (CCC)	-23.96	2.52	0.39	-28.51	6.17	5.68
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	2,788	2,912	4,213	3,833	4,448	5,488
Invested Capital Turnover	2.79	1.33	2.03	4.30	1.82	1.69
Increase / (Decrease) in Invested Capital	0.00	125	1,300	-380	615	1,040
Enterprise Value (EV)	0.00	0.00	12,014	10,438	13,461	14,229
Market Capitalization	0.00	0.00	10,142	9,058	11,603	11,407
Book Value per Share	$0.00	$19.15	$24.74	$26.73	$29.94	$31.66
Tangible Book Value per Share	$0.00	$0.44	$5.54	$9.45	$6.61	$0.60
Total Capital	2,783	2,929	4,232	4,076	4,835	5,517
Total Debt	1,623	1,140	1,922	1,613	2,244	2,844
Total Long-Term Debt	1,582	1,097	1,558	1,576	2,046	2,735
Net Debt	1,623	1,136	1,871	1,380	1,858	2,822
Capital Expenditures (CapEx)	0.00	0.00	0.00	171	241	300
Debt-free, Cash-free Net Working Capital (DFCFNWC)	80	37	100	187	132	142
Debt-free Net Working Capital (DFNWC)	80	41	119	334	468	142
Net Working Capital (NWC)	39	-1.69	-245	297	270	33
Net Nonoperating Expense (NNE)	-63	-10	-282	-209	-10	-5.52
Net Nonoperating Obligations (NNO)	1,628	1,124	1,902	1,370	1,856	2,815
Total Depreciation and Amortization (D&A)	218	219	280	431	442	582
Debt-free, Cash-free Net Working Capital to Revenue	1.03%	0.98%	1.38%	1.08%	1.75%	1.69%
Debt-free Net Working Capital to Revenue	1.03%	1.09%	1.65%	1.93%	6.21%	1.69%
Net Working Capital to Revenue	0.50%	-0.04%	-3.39%	1.71%	3.58%	0.40%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	93.40M	92.15M	86.54M	84.44M	84.41M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$6.97	$0.00	$0.00	$4.96
Adjusted Weighted Average Diluted Shares Outstanding	0.00	93.40M	92.15M	86.54M	84.44M	84.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	93.40M	92.15M	86.54M	84.44M	84.41M
Normalized Net Operating Profit after Tax (NOPAT)	4,550	256	608	10,654	483	417
Normalized NOPAT Margin	58.58%	6.78%	8.43%	61.53%	6.42%	4.96%
Pre Tax Income Margin	60.65%	9.58%	12.56%	64.14%	8.99%	6.67%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.90%	23.99%	31.70%
Augmented Payout Ratio	0.00%	0.00%	0.00%	6.12%	81.03%	49.83%

No quarterly metrics and ratios for TFI International are available.

Frequently Asked Questions About TFI International's Financials

When does TFI International's financial year end?

According to the most recent income statement we have on file, TFI International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TFI International's net income changed over the last 5 years?

TFI International's net income appears to be on a downward trend, with a most recent value of $422.48 million in 2024, falling from $4.61 billion in 2019. The previous period was $504.88 million in 2023.

What is TFI International's operating income?

TFI International's total operating income in 2024 was $553.39 million, based on the following breakdown:

Total Gross Profit: $1.57 billion
Total Operating Expenses: $1.02 billion

How has TFI International revenue changed over the last 5 years?

Over the last 5 years, TFI International's total revenue changed from $7.77 billion in 2019 to $8.41 billion in 2024, a change of 8.3%.

How much debt does TFI International have?

TFI International's total liabilities were at $4.47 billion at the end of 2024, a 21.1% increase from 2023, and a 146.7% increase since 2018.

How much cash does TFI International have?

In the past 6 years, TFI International's cash and equivalents has ranged from $0.00 in 2018 to $335.56 million in 2023, and is currently $0.00 as of their latest financial filing in 2024.

How has TFI International's book value per share changed over the last 5 years?

Over the last 5 years, TFI International's book value per share changed from 0.00 in 2019 to 31.66 in 2024, a change of 3,165.8%.

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This page (NYSE:TFII) was last updated on 4/15/2025 by MarketBeat.com Staff

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TFI International (TFII) Financials

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TFI International (TFII) Financials

Annual Income Statements for TFI International

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Quarterly Cash Flow Statements for TFI International

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Quarterly Balance Sheets for TFI International

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