See more : Ibotta, Inc. (IBTA) Income Statement Analysis – Financial Results
Complete financial analysis of TFI International Inc. (TFII) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TFI International Inc., a leading company in the Trucking industry within the Industrials sector.
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TFI International Inc. (TFII)
About TFI International Inc.
TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank container, and dedicated services, as well as TL brokerage services. This segment carries full loads directly from the customer to the destination using a closed van or specialized equipment. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. As of December 31, 2021, the company had 13,384 tractors, 50,091 trailers, and 9,428 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. is headquartered in Saint-Laurent, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.52B | 8.81B | 7.22B | 3.78B | 3.96B | 3.76B | 3.77B | 2.99B | 2.90B | 3.20B | 2.92B | 3.16B | 2.64B | 2.00B | 1.76B | 1.86B | 1.96B | 1.54B | 1.31B | 931.87M | 581.19M | 282.46M | 292.91M | 187.95M | 129.12M | 99.32M | 83.40M |
| Cost of Revenue | 6.26B | 7.39B | 6.18B | 3.24B | 3.46B | 3.25B | 3.36B | 2.64B | 2.55B | 2.78B | 2.55B | 2.73B | 2.16B | 1.41B | 1.25B | 1.34B | 1.40B | 1.10B | 970.73M | 671.26M | 404.82M | 190.45M | 237.55M | 151.87M | 105.83M | 85.89M | 77.75M |
| Gross Profit | 1.27B | 1.43B | 1.04B | 541.89M | 502.63M | 510.01M | 405.21M | 358.23M | 352.55M | 417.32M | 365.76M | 430.35M | 470.90M | 592.35M | 513.51M | 519.88M | 557.04M | 444.20M | 334.68M | 260.61M | 176.37M | 92.01M | 55.36M | 36.08M | 23.29M | 13.43M | 5.65M |
| Gross Profit Ratio | 16.82% | 16.19% | 14.37% | 14.33% | 12.68% | 13.56% | 10.75% | 11.96% | 12.14% | 13.04% | 12.52% | 13.63% | 17.87% | 29.59% | 29.12% | 27.97% | 28.43% | 28.85% | 25.64% | 27.97% | 30.35% | 32.58% | 18.90% | 19.19% | 18.04% | 13.52% | 6.78% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 84.93M | 139.40M | 104.12M | 23.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 297.16M | 289.84M | 0.00 | 0.00 | 217.00M | 178.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 333.29M | 264.25M | 189.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 84.93M | 472.69M | 368.37M | 212.75M | 159.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 164.88M | 332.21M | 297.16M | 289.84M | 311.66M | 236.87M | 217.00M | 178.89M | 106.81M | 52.90M | 12.44M | 7.43M | 5.00M | 3.50M | 0.00 |
| Other Expenses | 422.83M | 492.29M | 380.34M | 150.57M | 158.51M | 205.47M | 213.60M | 181.32M | 173.12M | 198.73M | 184.37M | 190.77M | 123.50M | 33.85M | 5.30M | -11.37M | 1.57B | 1.17B | -3.95M | -1.36M | 2.13M | 0.00 | 19.83M | 13.78M | 9.45M | 5.74M | 4.86M |
| Operating Expenses | 507.76M | 492.29M | 380.34M | 150.57M | 158.51M | 205.47M | 213.60M | 181.32M | 173.12M | 198.73M | 184.37M | 190.77M | 288.38M | 458.85M | 414.24M | 390.91M | 1.88B | 1.41B | 217.00M | 178.89M | 537.50M | 52.90M | 32.27M | 21.21M | 14.45M | 9.23M | 4.86M |
| Cost & Expenses | 6.76B | 7.88B | 6.56B | 3.39B | 3.62B | 3.46B | 3.58B | 2.82B | 2.72B | 2.98B | 2.74B | 2.92B | 2.45B | 1.87B | 1.66B | 1.73B | 3.28B | 2.51B | 1.19B | 850.15M | 942.32M | 243.35M | 269.82M | 173.08M | 120.29M | 95.12M | 82.62M |
| Interest Income | 8.12M | 1.75M | 5.13M | 2.78M | 2.30M | 2.06M | 2.10M | 1.77M | 0.00 | 0.00 | 0.00 | -6.85M | 3.40M | 29.61M | -0.73 | -0.13 | 0.00 | 0.00 | -0.80 | -0.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 90.96M | 82.15M | 78.15M | 56.69M | 58.82M | 40.09M | 45.14M | 30.65M | 65.73M | 57.65M | 41.19M | 47.19M | 52.63M | 37.62M | 33.42M | 38.29M | 0.00 | 0.00 | 13.20M | 9.05M | 0.00 | 42.36M | 49.13M | 32.43M | 22.61M | 14.13M | 715.31K |
| Depreciation & Amortization | 441.98M | 430.59M | 393.03M | 299.23M | 300.31M | 191.33M | 329.02M | 143.65M | 126.99M | 131.69M | 127.63M | 148.40M | 129.87M | 126.64M | 117.09M | 101.07M | 108.72M | 78.89M | 59.00M | 37.13M | 25.88M | -12.78M | -19.83M | -13.78M | -9.45M | -5.74M | -4.86M |
| EBITDA | 1.19B | 1.56B | 1.36B | 709.30M | 674.44M | 521.27M | 517.90M | 325.58M | 314.92M | 334.91M | 302.06M | 406.10M | 308.54M | 304.37M | 181.39M | 220.85M | 194.18M | 208.93M | 169.45M | 116.60M | 70.63M | 51.89M | 42.92M | 28.64M | 18.29M | 9.93M | 5.65M |
| EBITDA Ratio | 15.88% | 15.51% | 14.62% | 18.34% | 16.09% | 13.07% | 13.74% | 10.51% | 10.44% | 10.47% | 10.34% | 12.05% | 11.98% | 14.69% | 12.57% | 11.77% | -62.20% | -57.87% | 13.23% | 12.61% | -57.50% | 18.37% | 14.65% | 15.24% | 14.16% | 10.00% | 6.78% |
| Operating Income | 757.64M | 1.15B | 662.65M | 416.57M | 391.66M | 316.09M | 193.82M | 192.11M | 199.22M | 213.30M | 137.34M | 248.43M | 182.52M | 133.50M | 56.29M | 128.97M | 80.11M | 130.03M | 172.74M | 117.49M | 43.69M | 39.11M | 62.75M | 42.43M | 27.74M | 15.67M | 10.52M |
| Operating Income Ratio | 10.07% | 13.00% | 9.18% | 11.02% | 9.88% | 8.40% | 5.14% | 6.41% | 6.86% | 6.67% | 4.70% | 7.87% | 6.93% | 6.67% | 3.19% | 6.94% | 4.09% | 8.44% | 13.23% | 12.61% | 7.52% | 13.85% | 21.42% | 22.57% | 21.49% | 15.77% | 12.61% |
| Total Other Income/Expenses | -80.87M | -80.40M | -163.06M | -53.91M | -62.11M | -35.47M | -24.54M | -34.17M | -54.55M | -39.58M | -65.47M | -33.19M | -49.24M | -8.02M | -60.59M | -47.48M | -31.26M | -15.85M | -4.77M | -47.07M | -4.73M | -16.80M | -23.07M | -27.62M | -17.74M | -10.53M | -715.31K |
| Income Before Tax | 676.76M | 1.07B | 816.17M | 362.66M | 326.10M | 280.62M | 93.32M | 151.28M | 144.67M | 156.49M | 67.51M | 209.86M | 133.28M | 137.94M | 30.89M | 81.49M | 48.86M | 114.18M | 138.32M | 70.42M | 38.96M | 22.31M | 13.62M | 10.00M | 5.14M | 1.54M | 9.80M |
| Income Before Tax Ratio | 9.00% | 12.09% | 11.30% | 9.59% | 8.23% | 7.46% | 2.48% | 5.05% | 4.98% | 4.89% | 2.31% | 6.65% | 5.06% | 6.89% | 1.75% | 4.38% | 2.49% | 7.42% | 10.60% | 7.56% | 6.70% | 7.90% | 4.65% | 5.32% | 3.98% | 1.55% | 11.75% |
| Income Tax Expense | 171.89M | 242.41M | 151.81M | 86.98M | 77.70M | 66.24M | -32.32M | 34.43M | 39.65M | 46.30M | 8.94M | 54.88M | 33.16M | 33.37M | 20.45M | 16.02M | 3.61M | 1.20M | 8.95M | 5.79M | 3.43M | 5.42M | 5.57M | 2.91M | 616.50K | 139.89K | 12.88M |
| Net Income | 504.88M | 823.23M | 754.41M | 275.68M | 237.53M | 214.38M | 125.64M | 475.84M | 117.78M | 110.19M | 58.56M | 154.98M | 100.12M | 104.58M | 10.44M | 65.47M | 45.25M | 129.56M | 129.36M | 64.63M | 35.53M | 16.89M | 8.06M | 7.09M | 4.52M | 1.40M | -2.36M |
| Net Income Ratio | 6.71% | 9.34% | 10.45% | 7.29% | 5.99% | 5.70% | 3.33% | 15.89% | 4.06% | 3.44% | 2.01% | 4.91% | 3.80% | 5.22% | 0.59% | 3.52% | 2.31% | 8.41% | 9.91% | 6.94% | 6.11% | 5.98% | 2.75% | 3.77% | 3.50% | 1.41% | -2.83% |
| EPS | 5.98 | 8.85 | 8.04 | 3.26 | 2.87 | 2.44 | 1.39 | 5.08 | 1.17 | 1.11 | 0.63 | 1.64 | 1.05 | 1.08 | 0.11 | 0.76 | 0.53 | 1.53 | 1.75 | 1.01 | 0.55 | 0.30 | 0.22 | 0.23 | 0.14 | 0.06 | -0.18 |
| EPS Diluted | 5.91 | 8.66 | 7.84 | 3.19 | 2.80 | 2.36 | 1.35 | 4.98 | 1.15 | 1.09 | 0.62 | 1.56 | 1.04 | 1.07 | 0.11 | 0.76 | 0.53 | 1.53 | 1.70 | 0.94 | 0.55 | 0.30 | 0.22 | 0.19 | 0.12 | 0.06 | -0.18 |
| Weighted Avg Shares Out | 85.91M | 89.36M | 93.05M | 89.11M | 83.39M | 87.97M | 90.49M | 93.71M | 100.21M | 99.44M | 92.59M | 94.76M | 95.42M | 95.28M | 90.04M | 86.47M | 85.85M | 84.73M | 72.62M | 53.03M | 48.00M | 55.74M | 37.25M | 30.88M | 31.43M | 22.22M | 13.20M |
| Weighted Avg Shares Out (Dil) | 87.05M | 91.26M | 95.34M | 90.93M | 85.36M | 90.80M | 92.78M | 95.52M | 101.99M | 101.37M | 94.21M | 107.55M | 105.22M | 95.87M | 90.04M | 86.47M | 85.90M | 84.73M | 74.77M | 68.78M | 63.95M | 56.57M | 37.25M | 37.50M | 36.67M | 25.00M | 13.20M |
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TFI International to Release 2023 Fourth Quarter Results
MONTREAL, Jan. 18, 2024 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it will release its financial results for the fourth quarter ended December 31,...
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TFI International to acquire Daseke in $1.1B deal
TFI International, a North American logistics firm, announced that it is acquiring flatbed and specialized transportation company Daseke for about $1.1 billion. The company said it is acquiring Daseke - whose operations include 4,900 tractors, 11,000 flatbed and specialized trailers,...
TFI International Agrees to Acquire Daseke for $8.30 in Cash per Common Share
MONTREAL, Dec. 22, 2023 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced it has agreed to acquire Daseke, Inc. (“Daseke”, NASDAQ: DSKE), one of the leading...
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TFI International Inc. presents an enticing investment opportunity in the logistics industry, boasting a strong North American presence. Despite recent revenue dips attributable to market conditions and divestitures, the company is experiencing improving operating ratios across its segments. At a...
TFI International Declares Quarterly Dividend
MONTREAL, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, declared a quarterly dividend of US $0.40 per outstanding common share of...
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