TFI International Inc. (TFII) Financial Ratios
29 years of historical data (1997–2025) · Industrials · Trucking
EV/EBITDA
↓
9.55
+3% vs avg
5yr avg: 9.25
30Y Low4.2·High11.7
P/FCF
↓
12.15
↓-22% vs avg
5yr avg: 15.54
30Y Low3.4·High49.2
P/B Ratio
↓
4.54
+11% vs avg
5yr avg: 4.09
30Y Low0.7·High4.6
ROE
↓
16.2%
↑-34% vs avg
5yr avg: 24.7%
30Y Low-46%·High52%
Debt/EBITDA
↑
2.28
↑+25% vs avg
5yr avg: 1.82
30Y Low0.9·High5.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TFII Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TFI International Inc. trades at 28.0x earnings, 46% above its 5-year average of 19.2x, sitting at the 90th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 9%. On a free-cash-flow basis, the stock trades at 12.1x P/FCF, 22% below the 5-year average of 15.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.9B | $8.6B | $11.5B | $11.8B | $9.1B | $10.7B | $4.7B | $2.9B | $2.4B | $2.3B | $2.5B |
| Enterprise Value | $15.4B | $12.1B | $14.5B | $13.8B | $10.7B | $12.7B | $5.9B | $4.6B | $3.5B | $3.5B | $3.7B |
| P/E Ratio → | 27.96 | 19.88 | 27.24 | 23.01 | 11.58 | 14.30 | 16.17 | 12.07 | 10.99 | 18.43 | 5.25 |
| P/S Ratio | 1.09 | 0.78 | 1.37 | 1.57 | 1.04 | 1.48 | 1.24 | 0.72 | 0.63 | 0.61 | 0.83 |
| P/B Ratio | 4.54 | 3.23 | 4.31 | 4.57 | 3.71 | 4.63 | 2.62 | 2.48 | 2.03 | 2.05 | 2.30 |
| P/FCF | 12.15 | 8.76 | 17.35 | 17.82 | 15.34 | 18.44 | 9.52 | 12.36 | 14.27 | 49.24 | 14.99 |
| P/OCF | 8.75 | 6.32 | 10.84 | 11.46 | 9.80 | 12.50 | 7.29 | 5.76 | 5.90 | 9.07 | 9.98 |
P/E links to full P/E history page with 30-year chart
TFII EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TFI International Inc.'s enterprise value stands at 9.5x EBITDA, roughly in line with its 5-year average of 9.2x. The Industrials sector median is 13.8x, placing the stock at a 31% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.10 | 1.73 | 1.84 | 1.22 | 1.76 | 1.56 | 1.15 | 0.94 | 0.93 | 1.23 |
| EV / EBITDA | 9.55 | 7.49 | 11.14 | 11.54 | 6.81 | 9.26 | 8.26 | 7.07 | 6.97 | 6.73 | 10.94 |
| EV / EBIT | 20.20 | 15.84 | 20.34 | 18.41 | 9.49 | 13.16 | 14.42 | 11.65 | 11.02 | 25.42 | 20.20 |
| EV / FCF | — | 12.30 | 21.85 | 20.84 | 18.00 | 21.92 | 12.00 | 19.66 | 21.42 | 75.07 | 22.05 |
TFII Profitability
Margins and return-on-capital ratios measuring operating efficiency
TFI International Inc. earns an operating margin of 6.9%, above the Industrials sector average of 4.3%. Operating margins have compressed from 10.1% to 6.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 16.2% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 9.7% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.2% | 12.2% | 14.9% | 16.8% | 17.8% | 15.9% | 15.2% | 12.7% | 13.6% | 10.7% | 12.0% |
| Operating Margin | 6.9% | 6.9% | 8.6% | 10.1% | 13.0% | 13.6% | 11.0% | 8.7% | 8.4% | 5.1% | 6.4% |
| Net Profit Margin | 3.9% | 3.9% | 5.0% | 6.7% | 9.3% | 10.4% | 7.3% | 6.0% | 5.7% | 3.3% | 15.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.2% | 16.2% | 16.0% | 20.0% | 34.5% | 36.8% | 18.7% | 20.6% | 18.8% | 11.4% | 52.1% |
| ROA | 5.9% | 5.9% | 6.3% | 8.6% | 14.5% | 15.5% | 7.5% | 7.4% | 7.2% | 4.2% | 17.4% |
| ROIC | 9.7% | 9.7% | 10.5% | 13.1% | 20.5% | 20.0% | 10.6% | 10.0% | 10.1% | 6.3% | 6.8% |
| ROCE | 12.3% | 12.3% | 12.7% | 15.5% | 25.4% | 25.5% | 13.4% | 12.6% | 12.6% | 7.5% | 9.0% |
TFII Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TFI International Inc. carries a Debt/EBITDA ratio of 2.3x, which is manageable (30% below the sector average of 3.2x). Net debt stands at $3.5B ($3.7B total debt minus $210M cash). Interest coverage of 3.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.38 | 1.38 | 1.12 | 0.90 | 0.70 | 0.88 | 0.69 | 1.47 | 1.01 | 1.07 | 1.09 |
| Debt / EBITDA | 2.28 | 2.28 | 2.29 | 1.95 | 1.10 | 1.48 | 1.72 | 2.63 | 2.31 | 2.29 | 3.51 |
| Net Debt / Equity | — | 1.30 | 1.12 | 0.78 | 0.64 | 0.87 | 0.68 | 1.47 | 1.02 | 1.08 | 1.08 |
| Net Debt / EBITDA | 2.15 | 2.15 | 2.29 | 1.67 | 1.00 | 1.47 | 1.71 | 2.63 | 2.32 | 2.32 | 3.50 |
| Debt / FCF | — | 3.53 | 4.50 | 3.02 | 2.65 | 3.48 | 2.48 | 7.30 | 7.14 | 25.83 | 7.06 |
| Interest Coverage | 3.38 | 3.38 | 4.45 | 8.27 | 14.47 | 12.78 | 6.90 | 6.02 | 6.95 | 2.74 | 4.75 |
TFII Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.03x means TFI International Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.25x to 1.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 1.03 | 1.25 | 1.31 | 0.83 | 1.00 | 1.08 | 1.08 | 1.22 | 1.10 |
| Quick Ratio | 1.02 | 1.02 | 1.02 | 1.23 | 1.28 | 0.81 | 0.98 | 1.06 | 1.06 | 1.20 | 1.08 |
| Cash Ratio | 0.18 | 0.18 | — | 0.31 | 0.15 | 0.01 | 0.01 | — | -0.01 | -0.03 | 0.01 |
| Asset Turnover | — | 1.47 | 1.18 | 1.20 | 1.60 | 1.23 | 0.98 | 1.14 | 1.27 | 1.27 | 0.99 |
| Inventory Turnover | 496.12 | 496.12 | 397.81 | 261.05 | 299.39 | 248.85 | 366.20 | 326.66 | 347.20 | 455.19 | 415.93 |
| Days Sales Outstanding | — | 30.01 | 40.85 | 44.57 | 43.22 | 53.69 | 58.45 | 44.36 | 45.93 | 44.80 | 52.64 |
TFII Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TFI International Inc. returns 4.6% to shareholders annually — split between a 1.7% dividend yield and 2.8% buyback yield. A payout ratio of 48.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 2.4% | 1.2% | 1.0% | 1.0% | 1.0% | 1.5% | 2.2% | 2.3% | 2.4% | 1.9% |
| Payout Ratio | 48.7% | 48.7% | 31.7% | 24.4% | 11.4% | 14.3% | 25.8% | 26.0% | 25.4% | 43.7% | 10.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 5.0% | 3.7% | 4.3% | 8.6% | 7.0% | 6.2% | 8.3% | 9.1% | 5.4% | 19.0% |
| FCF Yield | 8.2% | 11.4% | 5.8% | 5.6% | 6.5% | 5.4% | 10.5% | 8.1% | 7.0% | 2.0% | 6.7% |
| Buyback Yield | 2.8% | 3.9% | 0.9% | 2.9% | 6.1% | 2.5% | 1.0% | 6.9% | 6.2% | 3.0% | 4.6% |
| Total Shareholder Yield | 4.6% | 6.4% | 2.1% | 3.9% | 7.1% | 3.6% | 2.5% | 9.1% | 8.5% | 5.3% | 6.5% |
| Shares Outstanding | — | $83M | $85M | $87M | $91M | $95M | $91M | $85M | $91M | $93M | $96M |
Peer Comparison
Compare TFII with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TFIIYou | $12B | 28.0 | 9.5 | 12.1 | 12.2% | 6.9% | 16.2% | 9.7% | 2.3 |
 ODFL | $46B | 45.8 | 26.7 | 48.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 45.7 | 20.0 | 424.5 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 XPO | $23B | 75.6 | 22.3 | 71.2 | 12.0% | 8.9% | 18.3% | 9.3% | 3.8 |
 ARCB | $3B | 55.2 | 14.5 | 28.2 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 WERN | $2B | -169.5 | 8.8 | — | 5.8% | 2.3% | -1.0% | 2.5% | 2.1 |
 MRTN | $1B | 80.2 | 11.5 | — | 5.7% | 1.2% | 2.3% | 1.1% | 0.0 |
 KNX | $12B | 180.8 | 14.1 | 15.8 | 28.3% | 3.4% | 0.9% | 2.0% | 2.8 |
 JBHT | $26B | 44.3 | 17.2 | 27.1 | 10.5% | 7.2% | 15.8% | 12.0% | 0.9 |
 CHRW | $22B | 38.3 | 26.1 | 24.5 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 HTLD | $1B | -21.6 | 13.0 | — | -0.9% | -7.7% | -6.6% | -4.8% | 1.7 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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Deep dive into TFII consensus models and risk factors.
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DCF models, multiple analysis, and analyst estimates.
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10-year return with dividends reinvested.
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Peer Comparison
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TFII — Frequently Asked Questions
Quick answers to the most common questions about buying TFII stock.
What is TFI International Inc.'s P/E ratio?
TFI International Inc.'s current P/E ratio is 28.0x. The historical average is 18.3x. This places it at the 90th percentile of its historical range.
What is TFI International Inc.'s EV/EBITDA?
TFI International Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.2x.
What is TFI International Inc.'s ROE?
TFI International Inc.'s return on equity (ROE) is 16.2%. The historical average is 18.9%.
Is TFII stock overvalued?
Based on historical data, TFI International Inc. is trading at a P/E of 28.0x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is TFI International Inc.'s dividend yield?
TFI International Inc.'s current dividend yield is 1.74% with a payout ratio of 48.7%.
What are TFI International Inc.'s profit margins?
TFI International Inc. has 12.2% gross margin and 6.9% operating margin.
How much debt does TFI International Inc. have?
TFI International Inc.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.