TFI International Inc (TFII) - Net Assets

Latest as of September 2025: CA$2.64 Billion CAD ≈ $1.91 Billion USD

Based on the latest financial reports, TFI International Inc (TFII) has net assets worth CA$2.64 Billion CAD (≈ $1.91 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$7.11 Billion ≈ $5.14 Billion USD) and total liabilities (CA$4.47 Billion ≈ $3.23 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TFII asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$2.64 Billion
% of Total Assets 37.1%
Annual Growth Rate 25.01%
5-Year Change 49.81%
10-Year Change 260.74%
Growth Volatility 53.05

TFI International Inc - Net Assets Trend (1996–2024)

This chart illustrates how TFI International Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of TFI International Inc for the complete picture of this company's asset base.

Annual Net Assets for TFI International Inc (1996–2024)

The table below shows the annual net assets of TFI International Inc from 1996 to 2024. For live valuation and market cap data, see TFI International Inc market cap and net worth.

Year Net Assets Change
2024-12-31 CA$2.67 Billion
≈ $1.93 Billion		 +3.31%
2023-12-31 CA$2.59 Billion
≈ $1.87 Billion		 +4.02%
2022-12-31 CA$2.49 Billion
≈ $1.80 Billion		 +8.48%
2021-12-31 CA$2.29 Billion
≈ $1.66 Billion		 +28.51%
2020-12-31 CA$1.78 Billion
≈ $1.29 Billion		 +54.67%
2019-12-31 CA$1.15 Billion
≈ $833.82 Million		 -0.44%
2018-12-31 CA$1.16 Billion
≈ $837.48 Million		 +2.88%
2017-12-31 CA$1.13 Billion
≈ $814.06 Million		 +3.70%
2016-12-31 CA$1.09 Billion
≈ $785.03 Million		 +46.58%
2015-12-31 CA$740.35 Million
≈ $535.56 Million		 -20.50%
2014-12-31 CA$931.26 Million
≈ $673.66 Million		 +18.70%
2013-12-31 CA$784.53 Million
≈ $567.52 Million		 +7.86%
2012-12-31 CA$727.37 Million
≈ $526.16 Million		 +9.42%
2011-12-31 CA$664.75 Million
≈ $480.87 Million		 +8.65%
2010-12-31 CA$611.83 Million
≈ $442.59 Million		 +20.64%
2009-12-31 CA$507.13 Million
≈ $366.85 Million		 +6.59%
2008-12-31 CA$475.77 Million
≈ $344.16 Million		 -5.37%
2007-12-31 CA$502.77 Million
≈ $363.70 Million		 +0.68%
2006-12-31 CA$499.36 Million
≈ $361.23 Million		 +46.51%
2005-12-31 CA$340.85 Million
≈ $246.56 Million		 +42.06%
2004-12-31 CA$239.93 Million
≈ $173.56 Million		 +50.85%
2003-12-31 CA$159.05 Million
≈ $115.06 Million		 +11.23%
2002-12-31 CA$143.00 Million
≈ $103.44 Million		 +99.74%
2001-12-31 CA$71.59 Million
≈ $51.79 Million		 +83.24%
2000-12-31 CA$39.07 Million
≈ $28.26 Million		 +24.37%
1999-12-31 CA$31.41 Million
≈ $22.72 Million		 +35.28%
1998-12-31 CA$23.22 Million
≈ $16.80 Million		 +21.61%
1997-12-31 CA$19.09 Million
≈ $13.81 Million		 +270.76%
1996-12-31 CA$5.15 Million
≈ $3.73 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to TFI International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 184311330821.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CA$1.84 Billion 68.78%
Common Stock CA$1.13 Billion 42.48%
Other Comprehensive Income CA$-331.59 Million -12.42%
Other Components CA$30.94 Million 1.16%
Total Equity CA$2.67 Billion 100.00%

TFI International Inc Competitors by Market Cap

The table below lists competitors of TFI International Inc ranked by their market capitalization.

Company Market Cap
SGH Ltd
AU:SGH
 $11.52 Billion
Accor S. A.
PA:AC
 $11.52 Billion
Eurofins Scientific SE
PA:ERF
 $11.53 Billion
Chongqing Changan Automobile Co Ltd
SHE:000625
 $11.53 Billion
TongFu Microelectronics Co Ltd
SHE:002156
 $11.50 Billion
Invesco Plc
NYSE:IVZ
 $11.50 Billion
Bosch Limited
NSE:BOSCHLTD
 $11.48 Billion
Koc Holding AS
IS:KCHOL
 $11.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TFI International Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,585,200,938 to 2,670,737,476, a change of 85,536,538 (3.3%).
  • Net income of 402,198,981 contributed positively to equity growth.
  • Dividend payments of 127,497,621 reduced retained earnings.
  • Share repurchases of 101,072,385 reduced equity.
  • Other comprehensive income decreased equity by 131,529,447.
  • Other factors increased equity by 43,437,010.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$402.20 Million +15.06%
Dividends Paid CA$127.50 Million -4.77%
Share Repurchases CA$101.07 Million -3.78%
Other Comprehensive Income CA$-131.53 Million -4.92%
Other Changes CA$43.44 Million +1.63%
Total Change CA$- 3.31%

Book Value vs Market Value Analysis

This analysis compares TFI International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 6.17x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 495.84x to 6.17x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CA$0.39 CA$193.46 x
1997-12-31 CA$0.76 CA$193.46 x
1998-12-31 CA$0.63 CA$193.46 x
1999-12-31 CA$0.84 CA$193.46 x
2000-12-31 CA$1.05 CA$193.46 x
2001-12-31 CA$1.80 CA$193.46 x
2002-12-31 CA$2.53 CA$193.46 x
2003-12-31 CA$2.49 CA$193.46 x
2004-12-31 CA$3.21 CA$193.46 x
2005-12-31 CA$4.54 CA$193.46 x
2006-12-31 CA$5.87 CA$193.46 x
2007-12-31 CA$5.82 CA$193.46 x
2008-12-31 CA$5.50 CA$193.46 x
2009-12-31 CA$5.63 CA$193.46 x
2010-12-31 CA$6.38 CA$193.46 x
2011-12-31 CA$6.32 CA$193.46 x
2012-12-31 CA$6.76 CA$193.46 x
2013-12-31 CA$8.33 CA$193.46 x
2014-12-31 CA$9.19 CA$193.46 x
2015-12-31 CA$7.26 CA$193.46 x
2016-12-31 CA$11.36 CA$193.46 x
2017-12-31 CA$12.13 CA$193.46 x
2018-12-31 CA$12.75 CA$193.46 x
2019-12-31 CA$13.50 CA$193.46 x
2020-12-31 CA$19.61 CA$193.46 x
2021-12-31 CA$24.03 CA$193.46 x
2022-12-31 CA$27.23 CA$193.46 x
2023-12-31 CA$29.70 CA$193.46 x
2024-12-31 CA$31.33 CA$193.46 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TFI International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 15.06%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.03%
  • • Asset Turnover: 1.12x
  • • Equity Multiplier: 2.67x
  • Recent ROE (15.06%) is below the historical average (15.51%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 -45.83% -2.83% 1.52x 10.68x CA$-2.88 Million
1997 7.33% 1.41% 1.41x 3.68x CA$-510.60K
1998 19.47% 3.50% 1.35x 4.12x CA$2.20 Million
1999 22.58% 3.77% 0.91x 6.58x CA$3.95 Million
2000 20.62% 2.75% 1.46x 5.13x CA$4.15 Million
2001 15.58% 3.93% 1.39x 2.85x CA$3.99 Million
2002 11.81% 5.98% 1.04x 1.89x CA$2.59 Million
2003 22.34% 6.11% 1.79x 2.05x CA$19.62 Million
2004 24.21% 5.76% 1.79x 2.35x CA$31.39 Million
2005 37.20% 9.72% 1.65x 2.32x CA$92.36 Million
2006 22.74% 7.34% 1.48x 2.10x CA$63.38 Million
2007 9.10% 2.31% 1.34x 2.93x CA$-4.51 Million
2008 15.63% 3.52% 1.40x 3.18x CA$26.77 Million
2009 2.05% 0.59% 1.21x 2.86x CA$-40.32 Million
2010 16.78% 5.13% 1.21x 2.70x CA$41.49 Million
2011 15.12% 3.80% 1.28x 3.12x CA$34.07 Million
2012 21.24% 4.91% 1.49x 2.91x CA$81.72 Million
2013 7.89% 2.01% 1.51x 2.61x CA$-16.59 Million
2014 12.43% 3.77% 0.99x 3.34x CA$22.60 Million
2015 15.93% 4.06% 1.19x 3.29x CA$43.93 Million
2016 10.14% 3.70% 0.98x 2.79x CA$1.55 Million
2017 11.04% 3.27% 1.28x 2.63x CA$11.68 Million
2018 18.52% 5.70% 1.27x 2.57x CA$98.66 Million
2019 20.22% 5.99% 1.11x 3.03x CA$117.77 Million
2020 16.25% 7.29% 1.04x 2.15x CA$111.37 Million
2021 32.37% 10.45% 1.22x 2.55x CA$512.62 Million
2022 32.14% 9.34% 1.54x 2.24x CA$550.19 Million
2023 19.85% 6.71% 1.22x 2.42x CA$254.54 Million
2024 15.06% 5.03% 1.12x 2.67x CA$135.13 Million

Industry Comparison

This section compares TFI International Inc's net assets metrics with peer companies in the Trucking industry.

Industry Context

  • Industry: Trucking
  • Average net assets among peers: $1,140,461,000
  • Average return on equity (ROE) among peers: 7.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TFI International Inc (TFII) CA$2.64 Billion -45.83% 1.70x $11.52 Billion
Mullen Group Ltd. (MTL) $1.14 Billion 7.99% 1.25x $1.42 Billion

About TFI International Inc

TO:TFII Canada Trucking
Market Cap
$11.52 Billion
CA$15.92 Billion CAD
Market Cap Rank
#2004 Global
#70 in Canada
Share Price
CA$193.46
Change (1 day)
-0.46%
52-Week Range
CA$111.04 - CA$197.81
All Time High
CA$218.97
Categories
Companies in Canada Trucking
About

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Mexico, and Canada. It operates through Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank,… Read more