Last 47 quarters of trend data · Industrials · Trucking
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
TFI International Inc.'s quarterly P/E stands at 21.4x, down 38.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 32.2% YoY to 7.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 27.96 | 21.35 | 21.80 | 18.84 | 29.34 | 34.46 | 22.81 | 26.68 | 36.57 | 21.65 | 21.12 | 19.12 | 23.48 |
| — | -38.0% | -4.5% | -29.4% | -19.8% | +59.2% | +8.0% | +39.6% | +55.7% | +50.3% | +154.0% | +185.8% | +38.5% | |
| P/S Ratio | 1.09 | 0.80 | 0.94 | 0.91 | 0.83 | 1.39 | 1.33 | 1.36 | 1.82 | 1.44 | 1.46 | 1.39 | 1.42 |
| — | -42.4% | -29.8% | -33.6% | -54.2% | -3.9% | -8.6% | -1.6% | +28.3% | +27.9% | +60.6% | +81.1% | +24.2% | |
| P/B Ratio | 4.54 | 3.19 | 2.76 | 2.80 | 2.49 | 4.31 | 4.23 | 4.70 | 5.27 | 4.51 | 4.25 | 3.91 | 4.14 |
| — | -26.0% | -34.7% | -40.5% | -52.7% | -4.4% | -0.4% | +20.3% | +27.2% | +25.5% | +21.5% | +25.3% | -5.7% | |
| P/FCF | 12.15 | 7.66 | 10.04 | 11.33 | 10.71 | 15.67 | 12.72 | 23.83 | 27.86 | 12.87 | 17.79 | 21.10 | 16.82 |
| — | -51.1% | -21.1% | -52.5% | -61.6% | +21.8% | -28.5% | +12.9% | +65.6% | -19.7% | +115.1% | +95.1% | -67.8% | |
| EV / EBITDA | 9.55 | 7.81 | 8.54 | 8.00 | 8.92 | 11.51 | 10.34 | 10.80 | 14.57 | 10.46 | 10.40 | 9.55 | 11.14 |
| — | -32.2% | -17.4% | -25.9% | -38.8% | +10.1% | -0.6% | +13.0% | +30.7% | +20.1% | +82.1% | +101.8% | +21.6% | |
| EV / EBIT | 20.20 | 17.11 | 16.99 | 15.09 | 21.34 | 23.89 | 17.96 | 19.32 | 25.78 | 16.35 | 16.60 | 15.11 | 18.27 |
| — | -28.4% | -5.4% | -21.9% | -17.2% | +46.1% | +8.2% | +27.8% | +41.1% | +37.2% | +114.9% | +145.7% | +29.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
TFI International Inc.'s operating margin was 6.6% in Q4 2025, down 1.1 pp QoQ and down 0.9 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. Gross margin contracted 33.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.2% | 11.8% | 12.9% | 13.1% | 11.0% | 17.9% | 13.8% | 14.3% | 13.5% | 15.9% | 15.4% | 16.4% | 14.2% |
| — | -33.7% | -6.3% | -9.0% | -18.3% | +12.3% | -10.5% | -12.3% | -5.3% | +1.6% | -7.3% | -8.4% | -1.2% | |
| Operating Margin | 6.9% | 6.6% | 7.6% | 8.2% | 5.8% | 7.5% | 9.3% | 9.1% | 8.1% | 10.3% | 10.5% | 10.7% | 9.0% |
| — | -12.5% | -17.9% | -10.1% | -28.0% | -27.1% | -11.3% | -15.3% | -9.9% | +2.3% | -26.1% | -33.4% | -10.3% | |
| Net Margin | 3.9% | 3.7% | 4.3% | 4.8% | 2.9% | 4.0% | 5.9% | 5.1% | 5.0% | 6.7% | 7.0% | 7.2% | 6.0% |
| — | -7.3% | -26.6% | -5.7% | -42.5% | -39.5% | -16.0% | -28.7% | -18.0% | -14.9% | -36.2% | -37.4% | -10.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.2% | 3.8% | 3.1% | 3.8% | 2.1% | 3.1% | 4.8% | 4.4% | 3.6% | 5.2% | 5.2% | 5.1% | 4.5% |
| — | +21.7% | -33.8% | -15.3% | -41.1% | -40.3% | -7.9% | -12.2% | -19.9% | -19.3% | -50.5% | -57.5% | -30.5% | |
| ROA | 5.9% | 1.4% | 1.2% | 1.4% | 0.8% | 1.1% | 1.7% | 1.6% | 1.4% | 2.2% | 2.3% | 2.3% | 2.0% |
| — | +19.4% | -31.7% | -13.7% | -44.2% | -47.7% | -25.9% | -30.9% | -30.7% | -21.7% | -45.4% | -49.4% | -18.8% | |
| ROIC | 9.7% | 2.2% | 2.0% | 2.3% | 1.5% | 2.0% | 2.6% | 3.0% | 2.5% | 3.4% | 3.5% | 3.5% | 3.1% |
| — | +10.3% | -24.0% | -23.5% | -37.8% | -40.5% | -25.1% | -16.2% | -19.6% | -8.5% | -39.1% | -46.8% | -19.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
TFI International Inc.'s Debt/EBITDA ratio is 9.6x, down from 10.0x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.38 | 1.38 | 1.13 | 1.13 | 1.12 | 1.12 | 1.15 | 1.23 | 1.14 | 0.90 | 0.77 | 0.68 | 0.67 |
| — | +23.7% | -1.5% | -8.6% | -1.3% | +23.4% | +49.1% | +80.9% | +69.2% | +28.9% | +6.0% | -23.4% | -27.5% | |
| Debt / EBITDA | 2.28 | 9.60 | 9.97 | 9.22 | 11.11 | 9.48 | 8.88 | 9.00 | 10.95 | 7.16 | 6.44 | 5.77 | 6.30 |
| — | +1.3% | +12.3% | +2.5% | +1.4% | +32.3% | +37.9% | +56.0% | +73.8% | +24.1% | +61.4% | +36.9% | -1.7% | |
| Current Ratio | 1.03 | 1.03 | 1.06 | 1.05 | 1.03 | 1.03 | 0.98 | 0.94 | 1.66 | 1.25 | 1.23 | 1.41 | 1.32 |
| — | -0.0% | +8.4% | +11.8% | -37.7% | -17.5% | -20.2% | -33.3% | +25.2% | -4.1% | -3.1% | +15.7% | +11.6% | |
| Quick Ratio | 1.02 | 1.02 | 1.05 | 1.03 | 1.02 | 1.02 | 0.96 | 0.92 | 1.64 | 1.23 | 1.20 | 1.38 | 1.30 |
| — | +0.1% | +8.9% | +12.3% | -37.9% | -17.5% | -20.0% | -33.4% | +26.0% | -4.0% | -3.7% | +15.7% | +11.7% | |
| Interest Coverage | 3.38 | 3.12 | 3.74 | 4.21 | 2.77 | 3.59 | 4.38 | 4.29 | 4.89 | 7.10 | 9.14 | 9.38 | 8.78 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying TFII stock.
TFI International Inc.'s current P/E is 28.0x. The average P/E over the last 4 quarters is 22.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TFI International Inc.'s current operating margin is 6.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TFI International Inc.'s business trajectory between earnings reports.