TFI Historical Income Statement

TFII Stock

CAD 191.54 7.95 3.99%

Historical analysis of TFI International income statement accounts such as Other Operating Expenses of 8.2 B, Operating Income of 914.8 M, EBIT of 908.3 M or Ebitda of 1.4 B can show how well TFI International performed in making a profits. Evaluating TFI International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TFI International's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining TFI International latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether TFI International is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TFI International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in TFI Stock, please use our How to Invest in TFI International guide.

About TFI Income Statement Analysis

TFI International Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to TFI International shareholders. The income statement also shows TFI investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

TFI International Income Statement Chart

At this time, TFI International's EBIT is very stable compared to the past year. As of the 1st of February 2025, EBITDA is likely to grow to about 1.4 B, while Total Operating Expenses is likely to drop about 353.6 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts TFI International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of TFI International minus its cost of goods sold. It is profit before TFI International operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TFI International. It is also known as TFI International overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from TFI International operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of TFI International is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from TFI International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TFI International current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TFI International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in TFI Stock, please use our How to Invest in TFI International guide.At this time, TFI International's EBIT is very stable compared to the past year. As of the 1st of February 2025, EBITDA is likely to grow to about 1.4 B, while Total Operating Expenses is likely to drop about 353.6 M.

	2022	2023	2024	2025 (projected)
Total Revenue	8.8B	7.5B	8.6B	9.1B
Interest Expense	82.1M	75.5M	67.9M	110.3M

Total Revenue Interest Expense

TFI International income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Interest Income	Non Recurring	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.87	0.93	0.9	0.92	0.92	0.91	0.95	0.93	0.76	0.92	-0.58	0.87	0.87	-0.39	-0.23	0.89	0.84	-0.56	-0.47	-0.88	0.86	0.77
Interest Expense	0.87		0.91	0.89	0.91	0.86	0.81	0.85	0.91	0.74	0.85	-0.6	0.76	0.82	-0.39	-0.3	0.69	0.68	-0.47	-0.61	-0.76	0.72	0.69
Total Revenue	0.93	0.91		0.99	1.0	0.97	0.9	0.92	1.0	0.9	0.95	-0.57	0.89	0.92	-0.44	-0.23	0.86	0.86	-0.54	-0.59	-0.83	0.88	0.9
Gross Profit	0.9	0.89	0.99		0.99	0.97	0.88	0.9	0.98	0.91	0.95	-0.53	0.86	0.94	-0.53	-0.24	0.84	0.88	-0.57	-0.62	-0.8	0.9	0.93
Other Operating Expenses	0.92	0.91	1.0	0.99		0.96	0.89	0.92	1.0	0.9	0.95	-0.58	0.89	0.91	-0.42	-0.22	0.86	0.86	-0.53	-0.58	-0.82	0.88	0.89
Operating Income	0.92	0.86	0.97	0.97	0.96		0.94	0.96	0.96	0.86	0.98	-0.5	0.9	0.97	-0.52	-0.25	0.91	0.93	-0.51	-0.52	-0.84	0.9	0.9
Ebit	0.91	0.81	0.9	0.88	0.89	0.94		0.99	0.9	0.77	0.98	-0.63	0.92	0.92	-0.54	-0.28	0.95	0.92	-0.31	-0.34	-0.81	0.86	0.79
Ebitda	0.95	0.85	0.92	0.9	0.92	0.96	0.99		0.92	0.78	0.98	-0.63	0.92	0.92	-0.5	-0.27	0.95	0.91	-0.39	-0.38	-0.85	0.88	0.8
Cost Of Revenue	0.93	0.91	1.0	0.98	1.0	0.96	0.9	0.92		0.9	0.95	-0.58	0.89	0.91	-0.42	-0.22	0.86	0.86	-0.53	-0.58	-0.83	0.88	0.89
Total Operating Expenses	0.76	0.74	0.9	0.91	0.9	0.86	0.77	0.78	0.9		0.84	-0.53	0.78	0.82	-0.46	-0.19	0.8	0.85	-0.46	-0.39	-0.69	0.87	0.92
Income Before Tax	0.92	0.85	0.95	0.95	0.95	0.98	0.98	0.98	0.95	0.84		-0.55	0.93	0.97	-0.56	-0.24	0.94	0.94	-0.44	-0.47	-0.83	0.9	0.88
Total Other Income Expense Net	-0.58	-0.6	-0.57	-0.53	-0.58	-0.5	-0.63	-0.63	-0.58	-0.53	-0.55		-0.58	-0.42	0.4	0.12	-0.53	-0.45	0.1	0.15	0.5	-0.6	-0.45
Net Income	0.87	0.76	0.89	0.86	0.89	0.9	0.92	0.92	0.89	0.78	0.93	-0.58		0.88	-0.47	0.09	0.9	0.84	-0.4	-0.39	-0.74	0.82	0.79
Income Tax Expense	0.87	0.82	0.92	0.94	0.91	0.97	0.92	0.92	0.91	0.82	0.97	-0.42	0.88		-0.59	-0.23	0.88	0.93	-0.5	-0.53	-0.79	0.89	0.89
Selling General Administrative	-0.39	-0.39	-0.44	-0.53	-0.42	-0.52	-0.54	-0.5	-0.42	-0.46	-0.56	0.4	-0.47	-0.59		0.24	-0.44	-0.54	0.45	0.34	0.27	-0.62	-0.59
Discontinued Operations	-0.23	-0.3	-0.23	-0.24	-0.22	-0.25	-0.28	-0.27	-0.22	-0.19	-0.24	0.12	0.09	-0.23	0.24		-0.22	-0.28	-0.01	0.12	0.31	-0.25	-0.21
Net Income From Continuing Ops	0.89	0.69	0.86	0.84	0.86	0.91	0.95	0.95	0.86	0.8	0.94	-0.53	0.9	0.88	-0.44	-0.22		0.95	-0.32	-0.21	-0.84	0.88	0.81
Tax Provision	0.84	0.68	0.86	0.88	0.86	0.93	0.92	0.91	0.86	0.85	0.94	-0.45	0.84	0.93	-0.54	-0.28	0.95		-0.38	-0.28	-0.82	0.93	0.9
Interest Income	-0.56	-0.47	-0.54	-0.57	-0.53	-0.51	-0.31	-0.39	-0.53	-0.46	-0.44	0.1	-0.4	-0.5	0.45	-0.01	-0.32	-0.38		0.57	0.35	-0.54	-0.56
Non Recurring	-0.47	-0.61	-0.59	-0.62	-0.58	-0.52	-0.34	-0.38	-0.58	-0.39	-0.47	0.15	-0.39	-0.53	0.34	0.12	-0.21	-0.28	0.57		0.38	-0.42	-0.53
Net Interest Income	-0.88	-0.76	-0.83	-0.8	-0.82	-0.84	-0.81	-0.85	-0.83	-0.69	-0.83	0.5	-0.74	-0.79	0.27	0.31	-0.84	-0.82	0.35	0.38		-0.81	-0.74
Reconciled Depreciation	0.86	0.72	0.88	0.9	0.88	0.9	0.86	0.88	0.88	0.87	0.9	-0.6	0.82	0.89	-0.62	-0.25	0.88	0.93	-0.54	-0.42	-0.81		0.94
Selling And Marketing Expenses	0.77	0.69	0.9	0.93	0.89	0.9	0.79	0.8	0.89	0.92	0.88	-0.45	0.79	0.89	-0.59	-0.21	0.81	0.9	-0.56	-0.53	-0.74	0.94

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TFI International Account Relationship Matchups

TFI International income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	401.4M	492.8M	560.6M	442.0M	508.3M	533.7M
Interest Expense	56.7M	78.1M	82.1M	75.5M	67.9M	110.3M
Total Revenue	3.8B	7.2B	8.8B	7.5B	8.6B	9.1B
Gross Profit	541.9M	1.0B	1.4B	1.3B	1.5B	1.5B
Other Operating Expenses	3.4B	6.6B	7.9B	6.8B	7.8B	8.2B
Operating Income	416.6M	662.6M	1.1B	757.6M	871.3M	914.8M
Ebit	562.2M	1.2B	1.5B	752.2M	865.1M	908.3M
Ebitda	963.5M	1.7B	2.1B	1.2B	1.4B	1.4B
Cost Of Revenue	3.2B	6.2B	7.4B	6.3B	7.2B	7.6B
Total Operating Expenses	150.6M	380.3M	492.3M	507.8M	583.9M	353.6M
Income Before Tax	362.7M	816.2M	1.1B	676.8M	778.3M	817.2M
Total Other Income Expense Net	(53.9M)	(163.1M)	(80.4M)	(80.9M)	(72.8M)	(69.1M)
Net Income	275.7M	754.4M	823.2M	504.9M	580.6M	609.6M
Income Tax Expense	87.0M	151.8M	242.4M	171.9M	197.7M	207.6M
Selling General Administrative	23.1M	104.1M	139.4M	84.9M	97.7M	92.8M
Net Income From Continuing Ops	275.7M	664.4M	823.2M	504.9M	580.6M	352.4M
Net Income Applicable To Common Shares	233.7M	275.7M	664.4M	823.2M	946.7M	994.1M
Tax Provision	87.0M	151.8M	242.4M	171.9M	197.7M	120.0M
Interest Income	2.8M	73.0M	64.3M	8.1M	7.3M	6.9M
Net Interest Income	(53.9M)	(73.0M)	(80.4M)	(81.2M)	(73.1M)	(76.7M)
Reconciled Depreciation	299.2M	393.0M	430.6M	442.0M	508.3M	357.0M

Pair Trading with TFI International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TFI International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TFI International will appreciate offsetting losses from the drop in the long position's value.

Moving against TFI Stock

0.42	SBIO	Sabio Holdings	Pair Corr
0.33	PPL-PA	Pembina Pipeline Corp	Pair Corr
0.32	STC	Sangoma Technologies Corp Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to TFI International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TFI International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TFI International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TFI International to buy it.

The correlation of TFI International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TFI International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TFI International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for TFI International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether TFI International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TFI International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tfi International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tfi International Stock:

How To Invest In TFI

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Is TFI Stock a good investment?

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What is TFI International's Net Worth?

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To learn how to invest in TFI Stock, please use our How to Invest in TFI International guide.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Please note, there is a significant difference between TFI International's value and its price as these two are different measures arrived at by different means. Investors typically determine if TFI International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TFI International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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TFI Historical Income Statement

About TFI Income Statement Analysis

TFI International Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

TFI International income statement Correlations

TFI International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TFI International income statement Accounts

Pair Trading with TFI International

Moving against TFI Stock

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Gross Profit
Ebitda	+ 0.99	Ebit

Net Interest Income	- 0.88	Depreciation And Amortization
Net Interest Income	- 0.85	Ebitda
Net Interest Income	- 0.84	Net Income From Continuing Ops
Net Interest Income	- 0.84	Operating Income
Net Interest Income	- 0.83	Income Before Tax
Net Interest Income	- 0.83	Cost Of Revenue