TFI International Q4 Earnings Beat Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Should l Buy TFII?
Source: seekingalpha
- Earnings Beat: TFI International reported a Q4 non-GAAP EPS of $1.09, exceeding expectations by $0.24, indicating resilience in profitability despite a decline in overall revenue.
- Revenue Decline: The company's Q4 revenue of $1.91 billion fell 8.2% year-over-year and missed expectations, primarily due to reduced shipping volumes driven by weaker market demand, highlighting challenges in the industry.
- Future Outlook: TFI expects adjusted diluted EPS for Q1 2026 to range between $0.50 and $0.60, reflecting a cautiously optimistic management outlook despite ongoing uncertainties in the operating environment.
- Capital Expenditure Plans: The company anticipates full-year net capital expenditures, excluding real estate, to be between $225 million and $250 million, demonstrating a commitment to ongoing investment in expanding and maintaining operational capabilities.
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Analyst Views on TFII
Wall Street analysts forecast TFII stock price to fall
13 Analyst Rating
9 Buy
3 Hold
1 Sell
Moderate Buy
Current: 118.880
Low
71.99
Averages
114.64
High
160.00
Current: 118.880
Low
71.99
Averages
114.64
High
160.00
About TFII
TFI International Inc. is a Canada-based transportation and logistics company. The Company operates across the United States, Canada and Mexico through its subsidiaries. The Company’s segments include Less-Than-Truckload (LTL), Truckload (TL) and Logistics. The Less-Than-Truckload segment provides pickup, consolidation, transport and delivery of smaller loads. The Truckload segment provides full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customers’ specific needs. The TL segment includes expedited transportation, flatbed, tank container and dedicated services as well as TL brokerage. The Logistics segment provides a wide range of asset-light logistics services, including brokerage, freight forwarding and transportation management, as well as small parcel delivery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Price Increase Announcement: UBS has raised its target price for a specific asset from $101 to $110.
- Market Implications: This adjustment reflects UBS's updated outlook on market conditions and potential growth for the asset in question.
See More
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- Market Implications: This adjustment reflects CIBC's updated outlook on the stock's performance and potential growth.
See More
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JPMorgan Target Price Adjustment: JPMorgan has reduced its target price for a specific stock from $141 to $132.
Market Implications: This adjustment may reflect changing market conditions or company performance expectations.
See More
TFI International Q4 Earnings Beat Expectations
- Earnings Beat: TFI International reported a Q4 non-GAAP EPS of $1.09, exceeding expectations by $0.24, indicating resilience in profitability despite a decline in overall revenue.
- Revenue Decline: The company's Q4 revenue of $1.91 billion fell 8.2% year-over-year and missed expectations, primarily due to reduced shipping volumes driven by weaker market demand, highlighting challenges in the industry.
- Future Outlook: TFI expects adjusted diluted EPS for Q1 2026 to range between $0.50 and $0.60, reflecting a cautiously optimistic management outlook despite ongoing uncertainties in the operating environment.
- Capital Expenditure Plans: The company anticipates full-year net capital expenditures, excluding real estate, to be between $225 million and $250 million, demonstrating a commitment to ongoing investment in expanding and maintaining operational capabilities.
See More
TFI International to Announce Q4 Earnings on February 16
- Earnings Announcement Date: TFI International is set to release its Q4 2023 earnings on February 16 after market close, with consensus EPS estimates at $0.85, reflecting a 28.6% year-over-year decline, and revenue expectations at $1.92 billion, down 7.7% year-over-year, indicating significant profitability challenges for the company.
- Historical Performance Review: Over the past two years, TFI has beaten EPS estimates 50% of the time, while only achieving a 13% success rate in beating revenue estimates, suggesting considerable volatility in its earnings performance that may affect investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and six downward revisions, while revenue estimates have experienced three upward and three downward adjustments, reflecting market uncertainty regarding the company's future performance.
- Market Attention: As the earnings report approaches, investors will closely monitor TFI International's financial results, particularly whether its strategic management and sound balance sheet can justify its valuation in the current economic climate.
See More
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- Grid-Related Revenue: TFI's electric grid-related revenue surpassed $110 million in 2025, demonstrating robust recent growth and enhancing the company's market position in power infrastructure transportation to meet increasing customer needs.
- Executive Appointment: Scott Hoppe has been appointed Chief Commercial Officer of SFI, tasked with leveraging SFI's extensive capabilities across open deck, logistics, and heavy haul divisions to support the rapid buildout of data centers and electric grid projects in the U.S. and Canada, further driving business growth.
- Market Opportunities: CEO Alain Bédard emphasized that the data center industry is still in its early innings, presenting significant growth opportunities in the coming years, and the company aims to capitalize on this market potential through its robust transportation network and resources.
See More
TFI INTERNATIONAL INC: UBS Increases Target Price from $101 to $110
- Price Increase Announcement: UBS has raised its target price for a specific asset from $101 to $110.
- Market Implications: This adjustment reflects UBS's updated outlook on market conditions and potential growth for the asset in question.
See More
TFI INTERNATIONAL INC: CIBC Increases Target Price from $121 to $134
- Target Price Increase: CIBC has raised its target price for a specific stock from $121 to $134.
- Market Implications: This adjustment reflects CIBC's updated outlook on the stock's performance and potential growth.
See More
TFI INTERNATIONAL INC: JP Morgan Lowers Price Target to $132 from $141
JPMorgan Target Price Adjustment: JPMorgan has reduced its target price for a specific stock from $141 to $132.
Market Implications: This adjustment may reflect changing market conditions or company performance expectations.
See More
TFI International Q4 Earnings Beat Expectations
- Earnings Beat: TFI International reported a Q4 non-GAAP EPS of $1.09, exceeding expectations by $0.24, indicating resilience in profitability despite a decline in overall revenue.
- Revenue Decline: The company's Q4 revenue of $1.91 billion fell 8.2% year-over-year and missed expectations, primarily due to reduced shipping volumes driven by weaker market demand, highlighting challenges in the industry.
- Future Outlook: TFI expects adjusted diluted EPS for Q1 2026 to range between $0.50 and $0.60, reflecting a cautiously optimistic management outlook despite ongoing uncertainties in the operating environment.
- Capital Expenditure Plans: The company anticipates full-year net capital expenditures, excluding real estate, to be between $225 million and $250 million, demonstrating a commitment to ongoing investment in expanding and maintaining operational capabilities.
See More
TFI International to Announce Q4 Earnings on February 16
- Earnings Announcement Date: TFI International is set to release its Q4 2023 earnings on February 16 after market close, with consensus EPS estimates at $0.85, reflecting a 28.6% year-over-year decline, and revenue expectations at $1.92 billion, down 7.7% year-over-year, indicating significant profitability challenges for the company.
- Historical Performance Review: Over the past two years, TFI has beaten EPS estimates 50% of the time, while only achieving a 13% success rate in beating revenue estimates, suggesting considerable volatility in its earnings performance that may affect investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and six downward revisions, while revenue estimates have experienced three upward and three downward adjustments, reflecting market uncertainty regarding the company's future performance.
- Market Attention: As the earnings report approaches, investors will closely monitor TFI International's financial results, particularly whether its strategic management and sound balance sheet can justify its valuation in the current economic climate.
See More
TFI International's Data Center Transport Business Grows Rapidly, 2025 Revenue Exceeds $3 Billion
- Transportation Growth: TFI International's Truckload segment generated over $3 billion in total revenue in 2025, with data center-related revenue skyrocketing from $8 million in Q1 to over $15 million by Q4, indicating strong market demand and expansion potential.
- Grid-Related Revenue: TFI's electric grid-related revenue surpassed $110 million in 2025, demonstrating robust recent growth and enhancing the company's market position in power infrastructure transportation to meet increasing customer needs.
- Executive Appointment: Scott Hoppe has been appointed Chief Commercial Officer of SFI, tasked with leveraging SFI's extensive capabilities across open deck, logistics, and heavy haul divisions to support the rapid buildout of data centers and electric grid projects in the U.S. and Canada, further driving business growth.
- Market Opportunities: CEO Alain Bédard emphasized that the data center industry is still in its early innings, presenting significant growth opportunities in the coming years, and the company aims to capitalize on this market potential through its robust transportation network and resources.
See More
