TFI International

TFII

Trucking · Industrials

Price

$155.83

-0.79 (-0.50%)

Market Cap

$12.81B

Exchange

New York Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

−12.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 95.3M (2021) → 83.4M (2025)

TFI International is a large trucking and logistics company based in Canada. It moves goods for businesses across North America using trucks, and it also handles package delivery and logistics services. The company operates through four main segments: package and courier delivery, less-than-truckload (LTL) freight, truckload freight, and logistics.

TFI makes money by charging customers to transport their goods, earning fees on each shipment or delivery. It operates primarily in Canada and the United States, with some presence in Mexico, and generates roughly $7–8 billion in annual revenue. TFI has built its scale largely through acquisitions, buying smaller trucking companies over time — its 2021 purchase of UPS Freight (now TForce Freight) significantly expanded its U.S. LTL network. The main risk the company faces is that trucking demand is closely tied to the broader economy, meaning a slowdown in consumer spending or industrial activity can quickly reduce freight volumes and pressure profit margins.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-19.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

6.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$206M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

TFI International's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

10.3%

Thin — 10.3% gross margin

Operating Margin

4.4%

Thin — 4.4% operating margin

ROCE

1.7%

Weak — 1.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+1.7%

Nearly flat sales (1.7% YoY)

EPS YoY

-12.6%

Earnings shrinking (-12.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

312%

Turns 312% of profit into real cash

FCF Margin

8.3%

Modest free cash flow (8.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.96

Moderate — manageable debt (0.96)

Interest Cover

3.32x

Tight — interest eats into profit (3.3x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

39.4x

Pricey — P/E 39.4

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+22.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (39.4 → 16.4)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

1.24%

Small dividend — 1.24% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+6.3%

Dividend growing modestly (6.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial