TFI INTERNATIONAL INC.
In the published model solve dated 2026-Q2, anchored at $139.37, TFI INTERNATIONAL INC. (TFII) is priced for today's economics sustained for ~5.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• TFI International has grown free cash flow four years running, from $620.8M to $704.6M, while operating margin fell from 13.0% to 7.2%; the cash engine kept compounding straight through the freight recession. • The price leans on recovery: at 39.4x trailing GAAP earnings versus a 20x sector median, the asset-value and earnings-power methods read $147.41 (July 11, 2026) at roughly three times what current profits support, so a stalled freight cycle is the direct risk to the multiple. • Second-q
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240 institutional managers reported holding TFII in 13F filings for the quarter ended 2026-03-31. Together they hold about 68% of the company; the top 10 hold 43%. 36 opened new positions that quarter. Held by Janus Henderson, FMR (Fidelity), Vanguard Group, among others. On the short side, 975k shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (1.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TFII has cut its share count 10.7% over the past five years. It pays a dividend, and has paid one every year in our records (7 and counting), raised 6 years straight. Cash returned over the past three years: $414.84M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.