TFI International Inc.

NYSE:TFII Stock Report

Market Cap: US$10.7b

TFI International Future Growth

Future criteria checks 4/6

TFI International is forecast to grow earnings and revenue by 31.2% and 6.3% per annum respectively. EPS is expected to grow by 34.3% per annum. Return on equity is forecast to be 22.5% in 3 years.

Key information

31.2%

Earnings growth rate

34.31%

EPS growth rate

Transportation earnings growth14.9%
Revenue growth rate6.3%
Future return on equity22.49%
Analyst coverage

Good

Last updated04 Aug 2026

Recent future growth updates

Recent updates

Seeking Alpha • Aug 11

TFI International: Margin Expansion Can Keep The Rally Going

Summary TFI International demonstrates strong earnings momentum, with Q2 adjusted EPS up 38% and truckload operating income surging 50%. The Daseke acquisition is delivering substantial margin improvement, while TForce Freight offers significant upside if pricing and volume issues are resolved. The company trades at 23.5x 2026E EPS but drops below 18x 2027E, with a forward EV/EBITDA discount to XPO and Saia despite ongoing self-help opportunities. I maintain a Buy rating, supported by proven truckload gains, robust cash flow, and further margin expansion potential at both Daseke and TForce Freight. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

TFI International: Expertly Expanding And Navigating A Tough Environment

Summary TFI International, Inc. shows stable topline growth amid its expansion and an erratic environment. Excellent liquidity is one of its core strengths. The market is geared towards its recovery, so its sustained acquisition can help it accommodate new demand. The TP of $141.08 using the DCF Model shows that the current price is a good entry point. Technical analysis supports my bullish outlook of TFII. Read the full article on Seeking Alpha
Seeking Alpha • Dec 20

TFI International - Monitor Before Pulling The Trigger

Summary TFI International is a large North American logistics company, but mixed segment performance and economic uncertainties make me rate it as a Hold. FY2023 saw significant revenue and earnings declines; In 2024, LTL segment has struggled, while Truckload and Logistics segments showed promise. Key risks include fuel price volatility, labor shortages, and aggressive financial targets, which could impact future performance and investor confidence. Despite a diversified portfolio, the stock appears fully valued; I forecast the stock making a slight upward move to $221 CAD ($154 USD) in 2025. Read the full article on Seeking Alpha
Seeking Alpha • Oct 08

TFI International: A Top Value Play In Transport And Logistics

Summary TFI International has completed over 125 acquisitions since 2008, boosting its market cap by nearly 2,800%. Trading at a significant discount to its historical valuation multiples, TFII has a 20-25% potential upside based on earnings growth and DDM analysis. With a five-year dividend CAGR of 17% and strong free cash flow generation, the Company offers substantial value and growing returns for dividend-focused investors. Read the full article on Seeking Alpha
Seeking Alpha • Jul 24

TFI International: Capital Deployment, Valuation Make Stock A Compelling Buy

Summary TFI International shares continue to advance on strong fundamentals. Management continue deploying cash along an extensive reinvestment runway at an above-industry advantage. There are several advantages TFII enjoys over peers leading to an attractive outlook. At 2.8x EV/IC implies TFII is worth >$170 per share today. Read the full article on Seeking Alpha
Seeking Alpha • Dec 13

TFI International Readies For 2024 Consolidation Opportunities

Summary TFI International Inc. provides transportation and logistics services in North America. Shipment volumes have decreased in 2023, requiring the industry to increase efficiency. The company's financial trends have been impacted by lower activity and high fuel prices, but earnings have improved slightly. In the near term, I'm Neutral [Hold] on TFI International Inc. Read the full article on Seeking Alpha
Seeking Alpha • Sep 28

TFI International: Durable Competitive Advantages With Attractive Economic Value

Summary TFI International Inc.'s shares have risen 37% in the past year, driven by a number of factors. Despite revenue downsides in Q2, the company has maintained profitability and is optimistic about industry trends. The company has created economic value through capital allocation, NWC efficiencies, and returns on investment, hallmarks of a company with durable competitive advantages. Read the full article on Seeking Alpha
Seeking Alpha • Jul 06

TFI International: Technological Improvements Leading To Performance Optimization

Summary TFI International Inc. has seen significant growth, tripling since 2020 due to its fair dividend, strong return on invested capital, positive future outlook, solid balance sheet, undervaluation, and improved operations through technology. Despite disappointing recent earnings, TFI has outperformed the S&P 500 over the past three years and analysts rate it as a strong buy, with a potential upside of 14.43%. TFI has invested in technology-driven solutions to improve operational efficiency and cost optimization, which has led to increased financial performance and profitability. Assuming my DCF figures, TFI is currently undervalued, resulting in a buy rating. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:TFII - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20289,5617591,0271,3378
12/31/20279,0315879651,19114
12/31/20268,59443876696414
6/30/20268,122336655915N/A
3/31/20267,869298636906N/A
12/31/20257,885311695978N/A
9/30/20258,048327685958N/A
6/30/20258,2633687301,054N/A
3/31/20258,4903866941,056N/A
12/31/20248,3974226641,063N/A
9/30/20248,2894666971,103N/A
6/30/20248,0154736281,031N/A
3/31/20247,542486617982N/A
12/31/20237,5215056501,014N/A
9/30/20237,509527563960N/A
6/30/20237,8406396671,019N/A
3/31/20238,4717877241,066N/A
12/31/20228,812823615972N/A
9/30/20228,997814566914N/A
6/30/20228,849700445787N/A
3/31/20228,263835509838N/A
12/31/20217,220754580855N/A
9/30/20216,202697597830N/A
6/30/20215,044648560759N/A
3/31/20214,005287471629N/A
12/31/20203,781276466611N/A
9/30/20203,655247401578N/A
6/30/20203,738229362582N/A
3/31/20203,960254N/A512N/A
12/31/20193,904244N/A488N/A
9/30/20193,921245N/A489N/A
6/30/20193,953251N/A480N/A
3/31/20193,859231N/A484N/A
12/31/20183,753214N/A398N/A
9/30/20183,866260N/A376N/A
6/30/20183,715264N/A341N/A
3/31/20183,745149N/A294N/A
12/31/20173,848126N/A255N/A
9/30/20173,83267N/A254N/A
6/30/20173,53328N/A212N/A
3/31/20173,230117N/A223N/A
12/31/20162,998117N/A250N/A
9/30/20162,984115N/A291N/A
6/30/20163,042102N/A314N/A
3/31/20163,085114N/A302N/A
12/31/20152,904105N/A306N/A
9/30/20152,87587N/A289N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFII's forecast earnings growth (31.2% per year) is above the savings rate (3.7%).

Earnings vs Market: TFII's earnings (31.2% per year) are forecast to grow faster than the US market (17.2% per year).

High Growth Earnings: TFII's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TFII's revenue (6.3% per year) is forecast to grow slower than the US market (13.4% per year).

High Growth Revenue: TFII's revenue (6.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TFII's Return on Equity is forecast to be high in 3 years time (22.5%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 07:37
End of Day Share Price 2026/09/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TFI International Inc. is covered by 26 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Will ChienAccountability Research Corporation
Maxim SytchevATB Cormark
David OcampoATB Cormark Historical (Cormark Securities)