TFII
IndustrialsTFI International Inc. · Trucking · $12B
What is TFI International Inc.?
TFI International is a large-cap North American transportation and logistics company operating across the United States, Canada, and Mexico. It runs one of the continent's more diversified freight networks, spanning parcel delivery through full truckload services.
TFI International generates revenue through four segments: Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics. The LTL segment consolidates smaller shipments for cost-efficient delivery, while the TL segment moves full loads using closed vans or specialized equipment. The Logistics segment offers asset-light services including freight brokerage, forwarding, and transportation management.
Incorporated in 2005 and headquartered in Saint-Laurent, Canada, the company was formerly known as TransForce Inc. before rebranding in December 2016.
- Package and courier delivery
- Less-Than-Truckload (LTL) freight consolidation
- Full truckload and specialized transport
- Asset-light logistics and freight brokerage
Is TFII a Good Stock to Buy?
UQS Score rates TFII as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the market may not be pricing in an excessive premium relative to fundamentals. Quality and Growth both land at Neutral, indicating neither a clear drag nor a standout advantage in those areas.
Moat and Risk are both rated Weak, pointing to limited competitive differentiation and above-average exposure to operational or financial vulnerabilities common in asset-heavy freight businesses.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TFII pay dividends?
Yes — TFI International Inc. pays a dividend.
TFI International pays a regular dividend, which is relatively uncommon among trucking companies that prioritize fleet reinvestment. For income-oriented investors, the dividend signals a degree of financial discipline. However, given the Weak Risk pillar rating, investors should weigh dividend sustainability against the company's broader financial profile.
When does TFII report earnings?
TFI International reports earnings on a quarterly cadence, consistent with standard practice for North American exchange-listed companies.
The company's Neutral Quality and Growth pillar ratings suggest earnings have been neither consistently expanding nor sharply declining. Freight cycle dynamics and acquisition integration tend to drive variability in quarterly results across TFI's segments.
For the most recent quarter's results and guidance, visit TFI International's investor relations page directly.
TFII Price History
+50.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in TFI International Inc.?
Based on TFI International Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TFII Long-term Outlook
With Growth rated Neutral and Risk rated Weak, TFI International's near-term trajectory appears modest. The company operates in a cyclical freight market where volume softness can compress margins quickly. The Good Valuation rating may offer some downside cushion, but the Weak Moat rating limits confidence in durable outperformance over a longer horizon.
Growth drivers
- Continued integration of acquired freight businesses across North America
- Potential volume recovery as the broader freight cycle normalizes
- Expansion of asset-light logistics services to improve capital efficiency
Key risks
- Freight market cyclicality and volume pressure across TL and LTL segments
- Limited pricing power given a Weak Moat rating in a competitive trucking landscape
- Leverage and integration risk from an acquisition-driven growth strategy
TFII vs Peers
TFI International competes across multiple freight segments against both pure-play carriers and diversified logistics operators.
Knight-Swift is one of the largest US-based truckload carriers, with a domestic-focused network that contrasts with TFI's cross-border North American footprint.
Saia operates as a pure-play LTL carrier in the United States, competing directly with TFI's LTL segment while lacking TFI's truckload and logistics diversification.
The TSX-listed share class represents the same underlying company, giving Canadian investors direct exposure without currency conversion — relevant context for cross-listed analysis.
Frequently Asked Questions
What does TFI International do?
TFI International provides transportation and logistics services across the United States, Canada, and Mexico. It operates through four segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The company moves freight ranging from small parcels to full truckloads, and also offers asset-light brokerage and freight forwarding services.
Does TFII pay dividends?
Yes, TFI International pays a regular dividend. This distinguishes it from many peers in the trucking sector that reinvest cash into fleet expansion. Investors should review the company's investor relations page for the current dividend rate and payment schedule.
When does TFII report earnings?
TFI International reports on a quarterly cadence, as is standard for North American-listed companies. Specific upcoming earnings dates are not covered by our data source — check the company's investor relations page or a financial calendar for confirmed dates.
Is TFII a good stock to buy?
UQS Score rates TFII as Below Average overall. The Valuation pillar is rated Good, which may appeal to value-oriented investors, but Moat and Risk are both rated Weak. This combination suggests caution is warranted. Pro members can view the full pillar breakdown to form a more complete picture.
Is TFII overvalued?
The UQS Valuation pillar for TFII is rated Good, suggesting the stock is not trading at an elevated premium relative to its fundamentals. However, valuation alone does not determine investment merit — the Weak Moat and Risk ratings are important context when assessing whether the price reflects underlying quality.
How does TFII compare to its competitors?
TFI International is more diversified than pure-play peers like Saia, which focuses solely on LTL freight. Compared to Knight-Swift, TFI has a broader cross-border North American presence. However, TFII's Below Average UQS Score suggests it does not currently lead its peer group on composite quality metrics.
What is TFII's market cap bracket?
TFI International is classified as a large-cap company. This places it among the more established players in the North American freight and logistics sector, with the scale to operate across multiple service lines and geographies.
Who founded TFI International?
TFI International traces its roots to TransForce Inc., which was built through a series of acquisitions in the Canadian trucking industry. The company rebranded to TFI International in December 2016. For detailed founding history, the company's official website and public filings are the most reliable sources.
Is TFII a long-term quality investment?
As a long-term quality indicator, TFII's Below Average UQS Score — driven by Weak Moat and Risk ratings — raises questions about durable competitive advantage. The freight industry is cyclical and capital-intensive, which can make sustaining quality metrics over long periods challenging. Pro members can explore the full pillar detail to assess long-term fit.
What sector does TFII belong to?
TFI International belongs to the Industrials sector, specifically within transportation and logistics. It operates across trucking sub-segments including parcel delivery, LTL consolidation, full truckload, and asset-light logistics — making it one of the more diversified freight operators listed in North America.
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Pro Analysis
TFII — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 45.1 | 45.9 | 29.0 | 49.4 | 33.6 | 76.4 | -0.1 |
| May 22, 2026 | 45.2 | 46.1 | 29.0 | 49.4 | 33.6 | 76.6 | +0.4 |
| May 7, 2026 | 44.8 | 49.5 | 29.0 | 49.4 | 23.1 | 78.6 | +0.1 |
| May 6, 2026 | 44.7 | 49.5 | 29.0 | 49.4 | 23.1 | 77.9 | +0.1 |
| May 3, 2026 | 44.6 | 49.5 | 29.0 | 49.4 | 23.1 | 77.8 | -0.1 |
| May 1, 2026 | 44.7 | 49.5 | 29.0 | 49.4 | 23.1 | 78.4 | +0.3 |
| Apr 29, 2026 | 44.4 | 49.5 | 29.0 | 49.4 | 23.1 | 76.0 | +0.3 |
| Apr 26, 2026 | 44.1 | 49.5 | 29.0 | 49.4 | 23.1 | 74.4 | -0.3 |
| Apr 24, 2026 | 44.4 | 49.5 | 29.0 | 49.4 | 23.1 | 76.0 | +0.1 |
| Apr 19, 2026 | 44.3 | 49.5 | 29.0 | 49.4 | 23.1 | 75.8 | -0.3 |
TFII — Pillar Breakdown
Quality
— 45.9/100 (25%)TFI International Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 49.4/100 (20%)TFI International Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 33.6/100 (15%)TFI International Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 76.5/100 (15%)TFI International Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 29/100 (25%)TFI International Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TFII.
Score Composition
Financial Data
More Stock Analysis
How is the TFII UQS Score Calculated?
The UQS (Unified Quality Score) for TFI International Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses TFI International Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether TFI International Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.