TFI International annual net debt
2019
2020
2021
2022
2023
2024
2025
TFI International Net Debt Growth & History (TFII)
TFI International's net debt was $3.01B for fiscal 2025.
View full TFI International company overviewTFI International annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.01B | $29.0M | +0.97% |
| 2024 | 2024-12-31 | $2.98B | $967.8M | +48.18% |
| 2023 | 2023-12-31 | $2.01B | $427.1M | +27.00% |
| 2022 | 2022-12-31 | $1.58B | −$436.3M | −21.62% |
| 2021 | 2021-12-31 | $2.02B | $793.8M | +64.84% |
| 2020 | 2020-12-31 | $1.22B | −$474.7M | −27.94% |
| 2019 | 2019-12-31 | $1.70B | — | — |
TFI International quarterly net debt
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.84B | −$149.8M | −5.00% |
| Q1 2026 | 2026-03-31 | $2.99B | — | — |
| Q4 2025 | 2025-12-31 | $3.01B | $29.0M | +0.97% |
| Q3 2025 | 2025-09-30 | $2.96B | — | — |
| Q2 2025 | 2025-06-30 | $2.99B | — | — |
| Q4 2024 | 2024-12-31 | $2.98B | $967.8M | +48.18% |
| Q4 2023 | 2023-12-31 | $2.01B | $427.1M | +27.00% |
| Q4 2022 | 2022-12-31 | $1.58B | −$436.3M | −21.62% |
| Q4 2021 | 2021-12-31 | $2.02B | $793.8M | +64.84% |
| Q4 2020 | 2020-12-31 | $1.22B | — | — |
TFI International net debt trends
Over the last five fiscal years, TFI International's net debt increased from $1.22B to $3.01B, a change of $1.78B. The latest reported quarter, Q2 2026, shows $2.84B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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