TFI International (TFII) Operating Margin (2019 - 2026)
TFI International's (TFII) quarterly Operating Margin came in at 9.62% in Q2 2026, up 127.0% year-over-year from 4.24% in Q2 2025, and up 94.19% quarter-over-quarter from 4.96% in Q1 2026.
Analysis
TFI International (TFII) Operating Margin (2019 - 2026) Analysis & Trends
TFI International (TFII) has reported Operating Margin for 8 consecutive years, with 9.62% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 127.0% year-over-year to 9.62% in Q2 2026; TTM through Jun 2026 was 7.36%, a 46.0% decrease from a year earlier, with the FY2025 full-year figure at 7.17%, down 139.0% from the prior year.
- Operating Margin was 9.62% for Q2 2026 at TFI International, up from 4.96% in the prior quarter.
- Over five years, Operating Margin peaked at 16.14% in Q2 2022 and troughed at 4.96% in Q1 2026.
- A 5-year average of 9.39% and a median of 9.15% in 2024 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 505 bps in 2022, down 950 bps in 2022.
- Over 5 years, Operating Margin stood at 11.08% in 2022, then dropped by 9 bps to 10.07% in 2023, then fell by 23 bps to 7.72% in 2024, then dropped by 14 bps to 6.65% in 2025, then surged by 45 bps to 9.62% in 2026.
- The last three Operating Margin figures came in at 9.62% (Q2 2026), 4.96% (Q1 2026), and 6.65% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Old Dominion Freight Line | 38.56 Bn | 38.28 Bn | 1.52 Bn | 29.94% |
| 2 | Hunt J B Transport Services | 25.71 Bn | 25.71 Bn | - | 7.42% |
| 3 | Xpo | 22.58 Bn | 22.28 Bn | 1.89 Bn | 11.51% |
| 4 | FedEx Freight Holding Company | 19.35 Bn | 19.35 Bn | - | - |
| 5 | Knight-Swift Transportation Holdings | 11.72 Bn | 11.54 Bn | 1.77 Bn | 5.00% |
| 6 | TFI International | 11.57 Bn | 11.37 Bn | - | 9.62% |
| 7 | Saia | 9.55 Bn | 9.46 Bn | - | 13.09% |
| 8 | Schneider National | 6.14 Bn | 5.61 Bn | 1.00 Bn | 4.55% |
| 9 | Arcbest | 3.15 Bn | 2.99 Bn | 1.14 Bn | -1.74% |
| 10 | Werner Enterprises | 2.40 Bn | 2.37 Bn | - | 1.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.62% |
| Mar 31, 2026 | 4.96% |
| Dec 31, 2025 | 6.65% |
| Sep 30, 2025 | 7.79% |
| Jun 30, 2025 | 8.35% |
| Mar 31, 2025 | 5.84% |
| Dec 31, 2024 | 7.72% |
| Sep 30, 2024 | 9.21% |
| Jun 30, 2024 | 9.10% |
| Mar 31, 2024 | 8.10% |
| Dec 31, 2023 | 10.07% |
| Sep 30, 2023 | 10.49% |
| Jun 30, 2023 | 10.74% |
| Mar 31, 2023 | 8.99% |
| Dec 31, 2022 | 11.08% |
| Sep 30, 2022 | 14.20% |
| Jun 30, 2022 | 16.14% |
| Mar 31, 2022 | 10.03% |
| Dec 31, 2021 | 10.04% |
| Sep 30, 2021 | 9.15% |