TFI International (TFII)
Market Price (3/30/2026): $104.85 | Market Cap: $8.6 BilSector: Industrials | Industry: Cargo Ground Transportation
TFI International (TFII)
Market Price (3/30/2026): $104.85Market Cap: $8.6 BilSector: IndustrialsIndustry: Cargo Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, FCF Yield is 8.1% | Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -68% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0%, Rev Chg QQuarterly Revenue Change % is -7.8% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% | Key risksTFII key risks include [1] a weak freight market's direct impact on its Less-Than-Truckload (LTL) segment, Show more. | |
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Future of Freight, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, FCF Yield is 8.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Future of Freight, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -68% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0%, Rev Chg QQuarterly Revenue Change % is -7.8% |
| Key risksTFII key risks include [1] a weak freight market's direct impact on its Less-Than-Truckload (LTL) segment, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. TFI International exceeded Q4 2025 earnings expectations, reporting an adjusted diluted EPS of $1.09 on February 17, 2026, which beat analysts' consensus estimate of $0.85 by 28.24%.
2. The company demonstrated robust free cash flow generation and strong capital returns to shareholders, with full-year 2025 free cash flow increasing to $832.3 million. This enabled a 4% increase in the quarterly dividend to $0.47 per share and over $200 million in share repurchases during 2025.
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Stock Movement Drivers
Fundamental Drivers
The 20.2% change in TFII stock from 11/30/2025 to 3/29/2026 was primarily driven by a 26.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 87.10 | 104.71 | 20.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,048 | 7,885 | -2.0% |
| Net Income Margin (%) | 4.1% | 3.9% | -3.1% |
| P/E Multiple | 22.0 | 27.7 | 26.0% |
| Shares Outstanding (Mil) | 83 | 82 | 0.5% |
| Cumulative Contribution | 20.2% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| TFII | 20.2% | |
| Market (SPY) | -5.3% | 37.9% |
| Sector (XLI) | 3.9% | 58.2% |
Fundamental Drivers
The 11.5% change in TFII stock from 8/31/2025 to 3/29/2026 was primarily driven by a 30.1% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 93.91 | 104.71 | 11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,263 | 7,885 | -4.6% |
| Net Income Margin (%) | 4.5% | 3.9% | -11.6% |
| P/E Multiple | 21.3 | 27.7 | 30.1% |
| Shares Outstanding (Mil) | 83 | 82 | 1.6% |
| Cumulative Contribution | 11.5% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| TFII | 11.5% | |
| Market (SPY) | 0.6% | 35.3% |
| Sector (XLI) | 5.5% | 52.0% |
Fundamental Drivers
The 17.9% change in TFII stock from 2/28/2025 to 3/29/2026 was primarily driven by a 55.7% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 88.82 | 104.71 | 17.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,397 | 7,885 | -6.1% |
| Net Income Margin (%) | 5.0% | 3.9% | -21.7% |
| P/E Multiple | 17.8 | 27.7 | 55.7% |
| Shares Outstanding (Mil) | 85 | 82 | 3.0% |
| Cumulative Contribution | 17.9% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| TFII | 17.9% | |
| Market (SPY) | 9.8% | 46.6% |
| Sector (XLI) | 18.4% | 54.0% |
Fundamental Drivers
The -10.1% change in TFII stock from 2/28/2023 to 3/29/2026 was primarily driven by a -57.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 116.53 | 104.71 | -10.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,812 | 7,885 | -10.5% |
| Net Income Margin (%) | 9.3% | 3.9% | -57.8% |
| P/E Multiple | 12.3 | 27.7 | 125.8% |
| Shares Outstanding (Mil) | 87 | 82 | 5.5% |
| Cumulative Contribution | -10.1% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| TFII | -10.1% | |
| Market (SPY) | 69.4% | 43.9% |
| Sector (XLI) | 65.1% | 52.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TFII Return | 120% | -9% | 37% | 1% | -22% | 2% | 119% |
| Peers Return | 34% | -22% | 52% | 6% | -4% | 18% | 91% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| TFII Win Rate | 75% | 50% | 58% | 50% | 50% | 67% | |
| Peers Win Rate | 62% | 43% | 60% | 43% | 52% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| TFII Max Drawdown | -1% | -35% | -1% | -4% | -45% | -4% | |
| Peers Max Drawdown | -7% | -35% | -9% | -14% | -29% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UPS, FDX, ODFL, XPO, KNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | TFII | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -39.3% | -25.4% |
| % Gain to Breakeven | 64.7% | 34.1% |
| Time to Breakeven | 235 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.9% | -33.9% |
| % Gain to Breakeven | 112.5% | 51.3% |
| Time to Breakeven | 106 days | 148 days |
| 2018 Correction | ||
| % Loss | -16.4% | -19.8% |
| % Gain to Breakeven | 19.7% | 24.7% |
| Time to Breakeven | 115 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -51.0% | -56.8% |
| % Gain to Breakeven | 103.9% | 131.3% |
| Time to Breakeven | 56 days | 1,480 days |
Compare to UPS, FDX, ODFL, XPO, KNX
In The Past
TFI International's stock fell -39.3% during the 2022 Inflation Shock from a high on 10/28/2021. A -39.3% loss requires a 64.7% gain to breakeven.
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About TFI International (TFII)
AI Analysis | Feedback
A comprehensive transportation and logistics company, like a blend of FedEx and J.B. Hunt.
Think of it as a highly diversified North American logistics and transportation company, similar to a combination of FedEx (for packages and LTL) and a major truckload carrier like Knight-Swift.
AI Analysis | Feedback
- Package and Courier Services: Engages in the pickup, transport, and delivery of smaller items for businesses and consumers.
- Less-Than-Truckload (LTL) Services: Specializes in the pickup, consolidation, transportation, and delivery of smaller freight loads from multiple customers.
- Truckload (TL) Services: Provides transportation for full loads directly from a single customer to a destination, including specialized equipment and expedited options.
- Logistics Services: Offers asset-light solutions such as freight brokerage, freight forwarding, transportation management, and small package parcel delivery.
AI Analysis | Feedback
TFI International Inc. (TFII) primarily provides business-to-business (B2B) transportation and logistics services. Its diverse operations, including Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments, cater to a wide range of companies across various industries such as retail, manufacturing, e-commerce, automotive, and consumer goods. Due to the nature of its diversified logistics and transportation business model, TFI International serves a broad customer base and does not publicly disclose specific "major customers" that account for a significant portion of its revenues. Therefore, it is not possible to list individual customer company names and their symbols.AI Analysis | Feedback
nullAI Analysis | Feedback
Alain Bédard
Chairman of the Board, President and CEO
Alain Bédard, FCPA, graduated in Accounting and Finance from the Université de Sherbrooke. He began his career at KPMG in 1975, becoming a senior auditor. He later served as a Controller in the forest products sector before joining Saputo in 1984, where he rose to Vice-President Finance. In 1996, he assumed management of a regional trucking firm that eventually became TFI International, and he has served as its CEO since January 1996. Mr. Bédard introduced a strategic expansion plan, building a diversified trucking and logistics network through numerous acquisitions and strategic investments across North America. He has held leadership positions in six different companies, including Chairman at Saputo, Inc., and Chairman, President & Chief Executive Officer of TransForce Income Fund. Under his leadership, TFI International sold CFI's Truckload, Temp Control, and Mexican non-asset logistics businesses to Heartland Express Inc. for US$525 million in 2022. He also holds a meaningful percentage of insider ownership in TFI International.
David Saperstein
Chief Financial Officer
David Saperstein joined TFI International in 2016 as Vice-President, Mergers & Acquisitions. In this role, he focused on M&A activities throughout the North American transportation industry and led the TFI International team in assessing and coordinating potential opportunities. He was appointed Chief Financial Officer of TFI International in 2019.
Steven Brookshaw
Senior Executive Vice-President
Steven Brookshaw joined TFI International in 2014 through the acquisition of Contrans, a specialized truckload and logistics company. He was appointed Vice-President of Contrans Flatbed Operations in 2007 and later Vice-President of Contrans in 2017. In January 2018, he was named Executive Vice-President of TFI International and was promoted to Senior Executive Vice-President in 2023, overseeing TFI's North American truckload operations. He holds a BBA from Wilfrid Laurier University (1987) and received his CPA and CMA in 1990.
Maurizio Lelli
Vice-President and General Manager, TForce Freight Canada
Maurizio Lelli joined TFI International in 2009 through the acquisition of ATS, which now operates as TForce Integrated Solutions. He possesses decades of expertise in the package and courier transportation industry and the less-than-truckload (LTL) segment, having started his career in 1990 with Purolator and later holding key roles at Manitoulin Transport. He was appointed Vice-President of Operations for TForce Freight Canada in 2022 and promoted to Vice-President and General Manager in 2025.
Joel Andre
Vice-President, Human Resources
Joel Andre joined TFI International in 2019 as Director of Human Resources and was promoted to Vice-President, Human Resources in 2023. In this role, he leads the development and execution of the company's labor and employment strategies. He has held senior human resources roles across various industries, including transportation, logistics, and manufacturing. He holds bachelor's and master's degrees from York University and is a Certified Human Resources Leader (CHRL).
AI Analysis | Feedback
The key risks to TFI International's business are:
- Economic Downturns and Freight Market Weakness: TFI International's financial health is highly vulnerable to economic downturns, which can significantly reduce demand for its transportation and logistics services. A recession or prolonged economic slowdown directly leads to decreased shipping volumes, lower freight rates, and consequently, reduced revenues and compressed profit margins across all its segments. This risk has been particularly evident during periods described as a "freight recession," where weak industrial volumes and overstocked inventories have crushed demand for trucking services, impacting the company's earnings and cash flow.
- Rising Operational Costs: The company faces significant pressure from increasing operational expenses. Fluctuations in fuel prices directly impact operating costs, and while TFI aims to recover these from customers, success is not always guaranteed. Additionally, labor shortages in the trucking industry drive up wages and recruitment costs, further squeezing profit margins. Inflation also affects maintenance and supply costs, contributing to overall profitability challenges.
- Intense Competition and Pricing Pressure: The transportation and logistics industry is highly competitive. TFI International operates in a market characterized by numerous players and, at times, overcapacity in the trucking sector. This intense competition can lead to significant pricing pressure, particularly in segments like Less-Than-Truckload (LTL) in the U.S., where maintaining or improving margins can be challenging. The need to secure contracts in a competitive environment, especially during economic downturns, can further exacerbate this pricing pressure.
AI Analysis | Feedback
1. Autonomous Trucking Technology: The active development and piloting of autonomous trucking technology by various companies pose a significant emerging threat. This technology promises to drastically reduce labor costs associated with drivers, a substantial portion of TFI's operating expenses given its large fleet of tractors and independent contractors. Companies that successfully deploy autonomous fleets could gain a substantial cost advantage, potentially disrupting the competitive landscape for TFI's Less-Than-Truckload (LTL) and Truckload (TL) segments and requiring massive capital investment from TFI to remain competitive or risking obsolescence of their current asset-heavy model.
2. Digital Freight Brokerage Platforms: The proliferation of sophisticated digital freight brokerage platforms (e.g., Uber Freight, Convoy) that leverage technology to connect shippers and carriers more efficiently and transparently threatens TFI's Logistics segment and potentially its asset-based operations. These platforms can disintermediate traditional brokers, increase price competition, compress margins, and shift market power, making it more challenging for TFI to secure freight at profitable rates and eroding the value proposition of traditional brokerage services.
3. E-commerce Companies' Insourcing of Logistics: Major e-commerce retailers (e.g., Amazon, Walmart) are significantly investing in and expanding their own proprietary logistics and delivery networks. This insourcing strategy directly threatens TFI's Package and Courier segment by reducing the volume available to third-party carriers. As these large customers build out their "last-mile" and "middle-mile" capabilities, they become direct competitors, diminishing market share and revenue opportunities for traditional transportation providers like TFI.
AI Analysis | Feedback
TFI International Inc. (TFII) operates across several key transportation and logistics segments in North America. The addressable markets for their main products and services are substantial:
Package and Courier Services
- The North America Courier, Express, and Parcel (CEP) market was valued at approximately USD 216.19 billion in 2025 and is projected to reach USD 280.7 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.45% from 2026 to 2031. Other estimates place the North America CEP market at USD 136.11 billion in 2025, expected to reach USD 239.15 billion by 2033, with a CAGR of 7.3% during the forecast period.
- In the United States, the courier, express, and parcel (CEP) market was valued at USD 139.8 billion in 2025 and is expected to reach USD 178.8 billion by 2034, with a CAGR of 2.69% from 2026 to 2034. The US domestic CEP market alone was estimated at USD 136 billion in 2024.
- The Mexico courier, express, and parcel (CEP) market size is projected to expand from USD 2.77 billion in 2025 to USD 4.02 billion by 2031, registering a 6.43% CAGR between 2026 and 2031. Another source indicates the Mexico CEP market size reached USD 6.6 billion in 2025, with an expectation to reach USD 12.3 billion by 2034, exhibiting a CAGR of 6.91% during 2026-2034.
Less-Than-Truckload (LTL) Services
- The North America Less-Than-Truckload (LTL) market generated a revenue of USD 84,628.9 million in 2024 and is expected to reach approximately US$ 120,553.6 million by 2030, with a CAGR of 6.1% from 2025 to 2030. North America accounted for 42% of the global LTL market share in 2024.
- The United States Less-Than-Truckload (LTL) market size is estimated at USD 114 billion in 2025 and is expected to reach USD 139.6 billion by 2030, growing at a CAGR of 4.13% during the forecast period (2025-2030).
- The Canadian LTL shipping market is valued at approximately CAD 5 billion annually.
Truckload (TL) Services
- The United States full-truck-load (FTL) market is expected to grow from USD 448.65 billion in 2025 to USD 547.89 billion by 2031, at a 3.39% CAGR over 2026-2031. Separately, the U.S. truckload market sees over $875 billion annually in gross freight revenues.
- The Canada truckload market size was valued at USD 15.0 billion in 2025 and is expected to reach USD 24.6 billion by 2034, exhibiting a CAGR of 5.62% during 2026-2034. Canada's truckload market also contributes $17 billion to its annual GDP.
Logistics Services (including brokerage, freight forwarding, and transportation management)
- The North America logistics market was valued at USD 1,478.0 billion in 2024 and is estimated to reach USD 1,768.0 billion by 2033, exhibiting a CAGR of 2.0% during 2025-2033. Another report projects the North American freight and logistics market to reach $2.0 trillion by 2031.
- The North America freight brokerage market was valued at USD 51.7 billion in 2023 and is estimated to register a CAGR of 6% between 2024 and 2032. North America accounted for 32% of the revenue share in the global freight brokerage market in 2023. The North America Freight Brokerage Services Market size is estimated at USD 22.77 billion in 2025 and is expected to reach USD 32.79 billion by 2030, at a CAGR of 7.57%.
- The North America digital freight brokerage market generated a revenue of USD 2,485.9 million in 2024 and is expected to reach US$ 10,229.1 million by 2030, at a robust CAGR of 27.1% from 2025 to 2030.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for TFI International (TFII) over the next 2-3 years:
- Strategic Acquisitions: TFI International consistently emphasizes strategic acquisitions as a core pillar of its growth strategy. The company has a history of completing numerous acquisitions, including significant ones like Daseke in 2024, to expand its market share, service offerings, and geographic reach across North America. Future growth is expected to continue through disciplined bolt-on acquisitions that are immediately accretive to EPS and free cash flow.
- LTL Yield Gains and Density Optimization: The company plans to drive revenue growth through yield gains and density optimization within its Less-Than-Truckload (LTL) segment, particularly with TForce Freight. This involves initiatives such as pricing discipline, network optimization, technology-enabled productivity enhancements, and adjustments to the terminal network for improved operational efficiency.
- Expansion in Cross-Border Volumes driven by Nearshoring: TFI International is strategically focusing on capturing demand from nearshoring trends, particularly emphasizing cross-border U.S.-Canada lanes and Mexico-adjacent flows. This strategy aims to boost higher-margin specialized segments and expand cross-border LTL, truckload, and dedicated contract logistics services from 2024 to 2026.
- Growth in E-commerce and Specialized Services: The company views e-commerce as a significant growth opportunity, with revenue in this segment growing at an 8.5% CAGR from 2012 to Q3 2025. Additionally, TFI is actively leveraging its infrastructure for specialized services, with its data center-related transportation business generating $43 million in revenue in 2025 and broader electric grid-related revenue exceeding $110 million in the same year, demonstrating recent significant growth in these areas.
- Recovery in Truckload and Industrial Market Demand: While facing current market headwinds, TFI International anticipates a potential recovery in the industrial sector by late 2025 or early 2026. This expected improvement in market conditions and truckload demand, coupled with economic stimuli and government infrastructure investments, is projected to positively impact future revenue growth.
AI Analysis | Feedback
Share Repurchases
- TFI International repurchased over $200 million in common shares during 2025.
- In October 2023, the company announced an equity buyback plan to repurchase up to 7.1 million common shares, representing 8.33% of its outstanding shares.
- In October 2024, the company renewed its normal course issuer bid, authorizing the repurchase of up to 7,918,102 common shares, or 10% of its public float.
Share Issuance
- TFI International's number of outstanding shares decreased from 92.98 million in 2021 to 82.52 million by the end of 2025, indicating no significant share issuance but rather a reduction due to repurchases during this period.
Outbound Investments
- In 2021, TFI International acquired UPS Freight for approximately $800 million, transforming its North American Less-Than-Truckload (LTL) segment into TForce Freight.
- The company acquired Daseke in April 2024 for $1.1 billion, which significantly expanded its Truckload segment by adding approximately 4,900 tractors and 11,000 flatbed and specialized trailers.
- TFI International completed a total of 37 acquisitions across various sectors and countries, with peak activity in 2024 (7 acquisitions) and 2023 (7 acquisitions), including notable tuck-in deals like Keystone Western in November 2024 and Siemens Transportation Group in 2023.
Capital Expenditures
- Net capital expenditures for 2026, excluding real estate, are projected to be between $225 million and $250 million.
- For the fiscal year 2025, capital expenditures amounted to over $273 million. In fiscal year 2024, capital expenditures were $564.8 million.
- Capital expenditures are primarily focused on internal growth investments, optimizing its U.S. LTL operations, and leveraging infrastructure for growth opportunities such as data centers and the electric grid.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 146.53 |
| Mkt Cap | 30.8 |
| Rev LTM | 8,020 |
| Op Inc LTM | 1,045 |
| FCF LTM | 825 |
| FCF 3Y Avg | 777 |
| CFO LTM | 1,318 |
| CFO 3Y Avg | 1,304 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.9% |
| Rev Chg 3Y Avg | -2.2% |
| Rev Chg Q | -1.8% |
| QoQ Delta Rev Chg LTM | -0.5% |
| Op Mgn LTM | 8.0% |
| Op Mgn 3Y Avg | 8.4% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 12.2% |
| CFO/Rev 3Y Avg | 11.7% |
| FCF/Rev LTM | 5.8% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 30.8 |
| P/S | 1.1 |
| P/EBIT | 22.2 |
| P/E | 33.1 |
| P/CFO | 9.7 |
| Total Yield | 4.3% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.2% |
| 3M Rtn | 10.6% |
| 6M Rtn | 38.7% |
| 12M Rtn | 34.2% |
| 3Y Rtn | 9.9% |
| 1M Excs Rtn | -2.5% |
| 3M Excs Rtn | 18.5% |
| 6M Excs Rtn | 42.3% |
| 12M Excs Rtn | 15.4% |
| 3Y Excs Rtn | -52.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Less-Than-Truckload | 3,703 | 3,949 | 4,023 | 2,815 | 583 |
| Truckload | 2,937 | 1,936 | 2,451 | 2,163 | 1,732 |
| Logistics | 1,822 | 1,697 | 1,763 | 1,662 | 941 |
| Corporate | 0 | 0 | 0 | -61 | |
| Eliminations | -65 | -61 | -76 | 0 | |
| Package and Courier | 651 | 641 | 526 | ||
| Total | 8,397 | 7,521 | 8,812 | 7,220 | 3,781 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Less-Than-Truckload | 361 | 425 | 471 | 573 | 88 |
| Truckload | 252 | 237 | 367 | 230 | 206 |
| Logistics | 182 | 160 | 140 | 143 | 84 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Corporate | -77 | -65 | 34 | -75 | -41 |
| Package and Courier | 134 | 108 | 79 | ||
| Total | 719 | 758 | 1,146 | 979 | 417 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Truckload | 3,394 | 2,004 | 1,861 | 2,318 | 2,101 |
| Less-Than-Truckload | 2,619 | 2,689 | 2,276 | 2,351 | 594 |
| Logistics | 1,099 | 1,140 | 732 | 747 | 730 |
| Corporate | 55 | 450 | 275 | 88 | 35 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Package and Courier | 363 | 380 | 388 | ||
| Total | 7,166 | 6,284 | 5,506 | 5,884 | 3,847 |
Price Behavior
| Market Price | $104.71 | |
| Market Cap ($ Bil) | 8.6 | |
| First Trading Date | 10/27/2008 | |
| Distance from 52W High | -16.7% | |
| 50 Days | 200 Days | |
| DMA Price | $112.33 | $97.41 |
| DMA Trend | up | up |
| Distance from DMA | -6.8% | 7.5% |
| 3M | 1YR | |
| Volatility | 41.0% | 40.3% |
| Downside Capture | 0.55 | 0.73 |
| Upside Capture | 118.30 | 120.41 |
| Correlation (SPY) | 40.6% | 45.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.96 | 1.06 | 0.94 | 0.94 | 0.96 | 1.03 |
| Up Beta | -0.64 | 0.10 | -0.31 | -0.16 | 1.15 | 1.08 |
| Down Beta | 4.78 | 2.55 | 2.17 | 1.86 | 0.51 | 0.59 |
| Up Capture | 108% | 122% | 184% | 114% | 129% | 128% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 15 | 25 | 40 | 69 | 131 | 381 |
| Down Capture | -54% | 6% | -36% | 59% | 102% | 107% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 6 | 15 | 20 | 54 | 119 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFII | |
|---|---|---|---|---|
| TFII | 27.4% | 40.6% | 0.69 | - |
| Sector ETF (XLI) | 20.5% | 19.2% | 0.84 | 52.9% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 45.7% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 10.5% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 10.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 41.8% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 18.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFII | |
|---|---|---|---|---|
| TFII | 8.5% | 37.0% | 0.31 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 55.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 51.8% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 8.4% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 11.5% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 38.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 19.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFII | |
|---|---|---|---|---|
| TFII | 13.3% | 41.4% | 0.62 | - |
| Sector ETF (XLI) | 13.0% | 19.8% | 0.58 | 56.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 54.8% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 8.5% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 21.5% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 46.9% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 21.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/17/2026 | 40-F |
| 09/30/2025 | 10/30/2025 | 6-K |
| 06/30/2025 | 07/28/2025 | 6-K |
| 03/31/2025 | 04/23/2025 | 6-K |
| 12/31/2024 | 02/19/2025 | 40-F |
| 09/30/2024 | 10/21/2024 | 6-K |
| 06/30/2024 | 07/25/2024 | 6-K |
| 03/31/2024 | 04/25/2024 | 6-K |
| 12/31/2023 | 02/16/2024 | 40-F |
| 09/30/2023 | 10/23/2023 | 6-K |
| 06/30/2023 | 07/31/2023 | 6-K |
| 03/31/2023 | 04/25/2023 | 6-K |
| 12/31/2022 | 02/23/2023 | 40-F |
| 09/30/2022 | 10/27/2022 | 6-K |
| 06/30/2022 | 07/28/2022 | 6-K |
| 03/31/2022 | 04/28/2022 | 6-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.