TFI International Inc. (TFII.TO) stock analysis

In our weekly check, TFI International Inc. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 9, red flags: 4.

About TFI International Inc.

TFI International Inc. is an Industrials company (Trucking) based in Canada, listed on TSX as TFII.TO.

What our checks show for TFII.TO

Red flags

• The net margin fell by 6.2 points over 5 years, to 4.2%: the company keeps less of each sale as profit.
• The gross margin fell by 1.8 points, to 12.4%: costs are rising faster than prices.
• The net margin is only 4.2%: little room if costs rise.
• The stock has fallen as much as 82% from a peak. Would you have held through that?

Warning signs

• Net debt is 2.1x a year of EBITDA (debt/equity 1.06). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 4 times: a weak year could make the payments hard.
• Revenue grew only 2.1% a year over the last 3 years.
• Earnings per share fell 20.1% a year over the last 3 years.
• Net profit fell 21.6% a year over the last 3 years.
• The price swings a lot: 41.6% annual volatility. Expect large ups and downs.
• Recovering from its deepest fall took about 2.2 years.
• Beta 1.47: the stock usually moves more than the market, both up and down.
• Thinly traded (about 308 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 2.61x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 59% a year over the next years.
• Analysts expect revenue to grow about 18.9% a year over the next years.
• Analysts expect the net margin to improve by 4 points from today's 4.2%.
• The dividend takes 43% of profit: there is a cushion.
• Pay in shares is only 1.2% of free cash flow.

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Questions

What grade does TFI International Inc. (TFII.TO) have?

In our weekly check, TFI International Inc. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 12 pass, warnings: 9, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of TFII.TO stock?

This week's biggest flags for TFI International Inc.: Margins falling, Gross margin falling, Thin margins. In total 13 of 25 checks show a warning or a red flag.

What does TFI International Inc. do?

TFI International Inc. is an Industrials company (Trucking) based in Canada, listed on TSX as TFII.TO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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