TFI International
Runs acquisition-built LTL, truckload, and logistics networks across North America.
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Profile
Moves freight across North America through Less-Than-Truckload, Truckload, and Logistics operations. An acquisition-led, decentralized model keeps many subsidiaries under local brands, while the UPS Freight and Daseke deals shifted the group toward U.S. LTL and specialized truckload.
Moves freight across North America through Less-Than-Truckload, Truckload, and Logistics businesses, with locally branded operating companies serving regional and specialized markets. The UPS Freight purchase created TForce Freight and shifted the revenue mix toward the United States; Daseke added flatbed and specialized truckload operations.
Builds network density and service breadth through repeated acquisitions while leaving many subsidiaries under their own brands and management teams. The parent supplies financial and operational resources within a decentralized, cost-conscious model.
Execution depends on integrating acquired businesses and improving U.S. LTL performance. TForce Freight narrowed its operating gap most recently but remained less efficient than Canadian LTL, while union pension obligations remain attached to the U.S. freight business. The parent remains Canadian after withdrawing a proposed U.S. domicile move following shareholder feedback.
Company facts
Categories
Key statistics
Year to date +25.1% · Average volume (30d) 285.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Stephens | Reiterate | Overweight | $105 | $205 | |
| Jul 28, 2026 | UBS | Reiterate | Neutral | $171 | $159 | |
| Jul 28, 2026 | Raymond James | Target | $187 | |||
| Jul 21, 2026 | Stifel Nicolaus | Target | $136 | $150 | ||
| Jul 16, 2026 | Scotiabank | Upgrade | Sector Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $1.59 | $1.85 | +16.4% | $2.23B | $2.29B | +2.8% | +1.30% |
| Apr 27, 2026Q1 FY26 | $0.59 | $0.69 | +16.9% | $1.89B | $1.95B | +2.9% | +4.69% |
| Feb 17, 2026Q4 FY25 | $0.85 | $1.09 | +28.2% | $1.92B | $1.91B | −0.4% | −3.96% |
| Oct 30, 2025Q3 FY25 | $1.19 | $1.20 | +0.8% | $1.37B | $1.95B | +42.2% | +2.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.96B | $2.07B | $1.95B | $2.67B | $1.95B | $2.29B | |
| Gross profit | $216.6M | $270.3M | $251.4M | $315.6M | $200.1M | $324.2M | |
| Operating income | $114.6M | $169.3M | $148.7M | $175.3M | $86.2M | $213.0M | |
| Net income | $56.0M | $99.8M | $83.8M | $99.8M | $43.3M | $136.2M | |
| Diluted EPS | $0.66 | $1.19 | $1.01 | $1.21 | $0.53 | $1.65 | |
| Gross margin | 11.0% | 13.1% | 12.9% | 11.8% | 10.3% | 14.2% | |
| Operating margin | 5.8% | 8.2% | 7.6% | 6.6% | 4.4% | 9.3% |
Fiscal years (4-quarter sums)FY21 $7.21B · FY22 $8.82B · FY23 $7.58B · FY24 $8.40B · FY25 $8.65B
Balance sheet, Jun 30, 2026Cash & short-term investments $205.4M · Total debt $3.05B · Total assets $7.49B · Shareholders' equity $2.74B
Dividends
Raised for 10 straight years — most recently to $0.47 from $0.45 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.47 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.47 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.47 | raised from $0.45 |
| Sep 29, 2025 | Sep 30 | Oct 15 | $0.45 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.45 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.45 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.45 | raised from $0.40 |
| Sep 27, 2024 | Sep 30 | Oct 15 | $0.40 |
Ownership
Shares outstanding 82.19M · Float 76.96M · 93.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Caisse de Depot et Placement du Quebec | 6.33M | 7.70% | 13F | Aug 14, 2026 |
| FIL Ltd | 4.58M | 5.57% | 13F | Aug 13, 2026 |
| Jupiter Topco LLC | 3.59M | 4.37% | 13F | Aug 14, 2026 |
| FMR LLC | 3.54M | 4.30% | 13F | Aug 13, 2026 |
| Royal Bank of Canada | 3.46M | 4.21% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- XPO
Asset-based North American LTL carrier and direct TForce Freight rival
- Knight-Swift Transportation
Diversified North American truckload, LTL, and logistics operator
- C.H. Robinson Worldwide
Global freight brokerage and managed transportation provider
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TFI International | $133.75 | +0.33% | $10.96B | 30.3 | 18.7 | 1.2 | +51.2% |
| XPO | $188.56 | +0.01% | $22.08B | 55.6 | 32.1 | 2.6 | +13.2% |
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| Median | 55.6 | 21.9 | 1.4 | +13.2% |