Tfi International Inc. balance sheet TFII

Annual Quarterly

As of Dec 31, 2025, Tfi International Inc. had total assets of $7.5 billion and total liabilities of $4.8 billion. Total assets were up 4.8% from a year earlier. Stockholders' equity was $2.7 billion. It held $210.2 million in cash and investments against $3.2 billion of total debt, net debt of $3.0 billion. The current ratio, current assets divided by current liabilities, was 1.03.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Assets
Cash	210	0 -100.0%	336 +128.1%	147 +662.6%	19 +349.0%	4
Cash and investments	210	0 -100.0%	336 +128.1%	147 +662.6%	19 +349.0%	4
Receivables	881 -5.0%	928 +3.7%	895 -13.2%	1,031 -2.4%	1,056 +76.6%	598
Inventory	20 +8.7%	18 -25.0%	24 -0.9%	24 -0.9%	24 +178.5%	9
Total current assets	1,209 +16.6%	1,037 -22.4%	1,336 +5.7%	1,264 +8.7%	1,162 +78.0%	653
Property and equipment, net	2,779 -3.9%	2,891 +19.7%	2,415 +13.3%	2,132 -13.2%	2,455 +128.5%	1,074
Goodwill	—	—	—	59 +20.2%	49 -71.6%	173
Total assets	7,509 +4.8%	7,166 +14.0%	6,284 +14.1%	5,506 -6.4%	5,884 +52.9%	3,847
Liabilities and equity
Accounts payable	667 +4.4%	639 -4.9%	672 -5.2%	709 -17.8%	862 +84.1%	468
Total current liabilities	1,170 +14.9%	1,019 -4.5%	1,066 +10.3%	967 -31.3%	1,407 +115.0%	654
Total liabilities	4,832 +7.5%	4,493 +21.7%	3,692 +21.3%	3,043 -14.8%	3,573 +73.6%	2,059
Stockholders' equity	2,678 +0.2%	2,673 +3.2%	2,591 +5.2%	2,463 +6.6%	2,310 +29.2%	1,789
Debt
Debt due within a year	222 +138.1%	93 -46.4%	174 +370.1%	37 -89.8%	364 +745.6%	43
Long-term debt	2,355 +2.0%	2,309 +35.1%	1,710 +33.7%	1,279 +2.7%	1,245 +50.0%	830
Lease liabilities	638 +11.2%	574 +24.7%	460 +11.4%	413 -3.8%	429 +20.6%	356
Total debt	3,216 +8.0%	2,977 +27.0%	2,344 +35.6%	1,729 -15.1%	2,037 +65.8%	1,229
Net cash	-3,006 -1.0%	-2,977 -48.2%	-2,009 -27.0%	-1,582 +21.6%	-2,018 -64.8%	-1,224
Ratios
Current ratio	1.03x	1.02x	1.25x	1.31x	0.83x	1.00x
Debt to equity	1.20x	1.11x	0.90x	0.70x	0.88x	0.69x
Debt to EBITDA	2.73x	2.29x	1.95x	1.10x	1.48x	1.72x
Return on equity	11.60%	15.80%	19.48%	33.42%	35.63%	15.41%
Return on assets	4.14%	5.90%	8.03%	14.95%	13.99%	7.17%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Trucking & Courier Services (No Air) (SIC 4210)
Listed as: TFII (NYSE)
Fiscal year ends: December 31
Incorporated in: Quebec, Canada
Headquarters: Saint-Laurent, Quebec, Canada
SEC CIK: 1588823
Former names: TransForce Inc. \ Quebec Canada (until Dec 30, 2013)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.