TFIITFI International Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (2.3×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
A balanced mix of margins, efficiency, and leverage. ROE 12% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is TFII?
TFI International Inc. earns 8.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 0.52 points below what the capital costs: growth destroys value
- Operating margin
- 7.2%
Operating margin · Trucking median 1.3% · fiscal year to FY2025
- Cash conversion
- 2.26×
Cash conversion · 1.96× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 11% |
| FY2021 | 14% |
| FY2022 | 13% |
| FY2023 | 10% |
| FY2024 | 8.6% |
| FY2025 | 7.2% |
Details›
- Operating marginfiscal year to FY2025
- 7.2%
- Net marginfiscal year to FY2025
- 3.9%
- Free cash flow margin
- 8.9%
- Revenue, trailing twelve months
- $7.88B
- Free cash flow, trailing twelve months
- $705M
- Net income, trailing twelve months
- $311M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.