TFI International Inc. (TFII) Income Statement
TFII 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTFII revenue and net income
Where TFII's revenue goes
2025Each bar shows an amount and its share of revenue. TFII kept 3.9% of revenue as net income.
TFII profit margins
TFII growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.1% | +7.7% | +23.8% | +10.6% |
| Gross profit | +7.5% | −5.1% | +18.6% | +7.1% |
| Operating income | +6.2% | −12.6% | +12.9% | +10.7% |
| Net income | +2.6% | −19.2% | +9.5% | +13.9% |
| EPS (diluted) | −23.5% | −18.2% | +5.9% | +11.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TFII quarterly EPS vs estimates
TFI International beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.75).
TFII income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.01B | $8.40B | $7.52B | $8.81B | $7.22B | $3.78B | $3.99B | $5.12B | $4.84B | $4.03B |
| Cost of revenue | $9.66B | $7.15B | $6.26B | $7.24B | $6.07B | $3.21B | $3.49B | $3.25B | $3.36B | $2.64B |
| Gross profit | $1.35B | $1.25B | $1.27B | $1.57B | $1.15B | $572.9M | $506.3M | $692.4M | $405.2M | $358.2M |
| Sales, general & admin | $71.6M | $76.3M | $441.8M | $139.4M | $104.1M | $23.1M | $1.29B | $1.25B | $1.21B | $991.0M |
| Total operating expenses | $581.1M | $532.4M | $507.8M | $426.9M | $168.8M | $156.3M | $159.5M | $278.8M | $601.9M | $245.0M |
| Operating income | $763.9M | $719.0M | $757.6M | $1.15B | $979.2M | $416.6M | $346.8M | $430.5M | $244.6M | $249.3M |
| Interest income | $1.8M | $7.7M | $8.1M | $1.8M | $5.1M | $2.8M | $3.0M | $2.8M | $2.6M | $2.4M |
| Interest expense | $226.0M | $160.1M | $91.0M | $78.2M | $75.5M | $59.4M | $65.4M | $46.1M | $50.6M | $38.3M |
| Income before taxes | $565.9M | $560.7M | $676.8M | $1.07B | $906.2M | $362.7M | $328.5M | $382.2M | $119.1M | $203.3M |
| Income taxes | $132.4M | $138.2M | $171.9M | $242.4M | $151.8M | $87.0M | $78.3M | $66.2M | −$41.2M | $46.6M |
| Net income | $433.6M | $422.5M | $504.9M | $823.2M | $754.4M | $275.7M | $239.3M | $214.4M | $125.6M | $116.9M |
| EBITDA | $1.64B | $1.29B | $1.19B | $1.56B | $1.36B | $709.3M | $696.5M | $672.9M | $507.2M | $325.6M |
| EPS (diluted) | $4.39 | $5.74 | $6.20 | $8.02 | $5.24 | $3.30 | $2.97 | $3.07 | $1.78 | $1.57 |
| Gross margin | 12.2% | 14.9% | 16.8% | 17.8% | 15.9% | 15.2% | 12.7% | 13.5% | 8.4% | 8.9% |
| Operating margin | 6.9% | 8.6% | 10.1% | 13.0% | 13.6% | 11.0% | 8.7% | 8.4% | 5.1% | 6.2% |
| Net margin | 3.9% | 5.0% | 6.7% | 9.3% | 10.4% | 7.3% | 6.0% | 4.2% | 2.6% | 2.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.29B | $1.95B | $2.67B | $1.95B | $2.07B | $1.96B | $2.08B | $2.18B | $2.26B | $1.87B | $2.02B | $1.91B |
| Cost of revenue | $1.97B | $1.75B | $2.35B | $1.70B | $1.80B | $1.75B | $1.71B | $1.88B | $1.94B | $1.62B | $1.70B | $1.62B |
| Gross profit | $324.2M | $200.1M | $315.6M | $251.4M | $270.3M | $216.6M | $370.7M | $301.2M | $325.0M | $252.4M | $321.5M | $294.2M |
| Total operating expenses | $111.2M | $113.8M | $140.3M | $102.8M | $101.0M | $102.0M | $214.7M | $97.9M | $119.0M | $100.9M | $113.2M | $93.7M |
| Operating income | $213.0M | $86.2M | $175.3M | $148.7M | $169.3M | $114.6M | $156.0M | $203.3M | $206.0M | $151.6M | $208.4M | $200.6M |
| Interest income | $3.0M | $502,000 | $744,000 | $518,000 | $305,000 | $228,000 | $772,000 | $727,000 | $1.1M | $5.2M | $3.8M | $1.7M |
| Interest expense | $36.0M | $36.9M | $56.1M | $40.3M | $41.3M | $40.2M | $42.3M | $46.9M | $46.9M | $31.0M | $29.5M | $21.6M |
| Income before taxes | $180.2M | $52.4M | $123.7M | $110.5M | $132.7M | $74.3M | $112.5M | $163.3M | $158.6M | $124.2M | $179.8M | $178.8M |
| Income taxes | $44.0M | $9.1M | $23.8M | $26.7M | $32.9M | $18.3M | $28.6M | $35.3M | $42.9M | $31.4M | $44.8M | $45.5M |
| Net income | $136.2M | $43.3M | $99.8M | $83.8M | $99.8M | $56.0M | $83.9M | $128.0M | $115.7M | $92.8M | $135.0M | $133.3M |
| EBITDA | $362.4M | $240.3M | $388.5M | $302.1M | $333.0M | $262.4M | $310.5M | $359.2M | $356.2M | $268.7M | $328.2M | $311.2M |
| EPS (diluted) | $1.85 | $0.69 | $1.09 | $1.20 | $1.34 | $0.76 | $1.19 | $1.60 | $1.71 | $1.24 | $1.71 | $1.57 |
| Gross margin | 14.2% | 10.3% | 11.8% | 12.9% | 13.1% | 11.0% | 17.9% | 13.8% | 14.3% | 13.5% | 15.9% | 15.4% |
| Operating margin | 9.3% | 4.4% | 6.6% | 7.6% | 8.2% | 5.8% | 7.5% | 9.3% | 9.1% | 8.1% | 10.3% | 10.5% |
| Net margin | 5.9% | 2.2% | 3.7% | 4.3% | 4.8% | 2.9% | 4.0% | 5.9% | 5.1% | 5.0% | 6.7% | 7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TFII's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TFII financial results
In fiscal year 2025 (ended December 31, 2025), TFI International reported revenue of $11.0 billion, up 31.1% from the year before. It had net income of $433.6 million (up 2.6%), a net profit margin of 3.9%. Diluted earnings per share came to $4.39. Over five years revenue grew at an average rate of 23.8% a year.
See the TFII stock overview for the latest quote and news, or the TFII chart for price history and technical indicators.
TFII income statement FAQ
What is TFI International's annual revenue?
TFI International reported total revenue of $11.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 31.1% from $8.4 billion the previous year.
Is TFI International profitable?
Yes. TFI International reported net income of $433.6 million in fiscal 2025, a net profit margin of 3.9%; its operating margin was 6.9%.
What is TFI International's gross margin?
TFI International's gross margin was 12.2% in fiscal 2025: for every $100 of revenue, TFI International kept $12 after the direct cost of its products and services.
How fast is TFI International growing?
Revenue grew 23.8% a year on average over the last five fiscal years, from $3.8 billion to $11.0 billion.
What are TFI International's earnings per share?
TFI International earned $4.39 per diluted share in fiscal 2025, compared with $5.74 a year earlier.
When will TFI International report its next earnings?
TFI International is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does TFI International's fiscal year end?
TFI International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.