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Analysis

TFI International Inc Q4 2025 Results Show Revenue and Earnings Decline; Free Cash Flow Strength Supports Capital Returns

$TFII February 18, 2026 2 min read
Alphastreet Vertex Pharma Q4 2025 Earnings Results
NYSE
$TFII · Earnings

TFI International Inc reported its Q4 2025 results for the fiscal quarter ended December 31, 2025.

Staff Correspondent · February 18, 2026

TFI International Inc reported its Q4 2025 results for the fiscal quarter ended December 31, 2025. Total revenue for the quarter was $1,914.0 million, compared with $2,076.9 million in Q4 2024, representing a year-on-year decline of 7.8%. Net income was $71.7 million, down from $88.1 million a year earlier. Diluted earnings per share were $0.87 compared to $1.03 in Q4 2024, while adjusted diluted earnings per share were $1.09 versus $1.19 in the prior year. Adjusted EBITDA totaled $279.6 million compared with $315.3 million in Q4 2024. Free cash flow increased to $258.9 million from $207.5 million year-on-year.

As of the most recent market close prior to the earnings release, TFII shares reflected moderate trading activity. The share price movement remained aligned with broader freight and logistics sector conditions during the reporting period.

Current Status Overview

Share Price Performance

Revenue Performance

Quarterly revenue declined year-on-year due to softer freight demand across North American markets. For the full year 2025, total revenue was $7,884.7 million compared to $8,396.8 million in 2024. The fourth quarter revenue trend reflected continued pressure in the Less-Than-Truckload and Logistics segments, while Truckload operations showed relative stability supported by prior acquisitions.

Market Analysis

The North American freight environment remained competitive during Q4 2025, characterized by subdued shipment volumes and pricing pressure. Industry participants continued to focus on cost discipline and operational efficiency amid moderated economic activity. TFI maintained diversified exposure across LTL, Truckload, and Logistics services, which provided balance despite segment-specific softness.

Analyst Commentary

No analyst commentary reported.

Mergers & Acquisitions

None reported.

Outlook

The company did not provide updated guidance. Management commentary emphasized continued focus on cash generation, operational discipline, and capital allocation priorities including dividends and share repurchases.

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