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Side-by-side financial comparison of TFI International Inc. (TFII) and Tronox Holdings plc (TROX). Click either name above to swap in a different company.

TFI International Inc. is the larger business by last-quarter revenue ($921.9M vs $730.0M, roughly 1.3× Tronox Holdings plc).

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...

Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...

TFII vs TROX — Head-to-Head

Bigger by revenue
TFII
TFII
1.3× larger
TFII
$921.9M
$730.0M
TROX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TFII
TFII
TROX
TROX
Revenue
$921.9M
$730.0M
Net Profit
$-176.0M
Gross Margin
5.3%
Operating Margin
8.4%
-15.6%
Net Margin
-24.1%
Revenue YoY
8.0%
Net Profit YoY
-486.7%
EPS (diluted)
$-1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TFII
TFII
TROX
TROX
Q4 25
$730.0M
Q3 25
$921.9M
$699.0M
Q2 25
$2.0B
$731.0M
Q1 25
$2.0B
$738.0M
Q4 24
$676.0M
Q3 24
$1.0B
$804.0M
Q2 24
$2.3B
$820.0M
Q1 24
$1.9B
$774.0M
Net Profit
TFII
TFII
TROX
TROX
Q4 25
$-176.0M
Q3 25
$-99.0M
Q2 25
$98.2M
$-84.0M
Q1 25
$56.0M
$-111.0M
Q4 24
$-30.0M
Q3 24
$-25.0M
Q2 24
$117.8M
$16.0M
Q1 24
$92.8M
$-9.0M
Gross Margin
TFII
TFII
TROX
TROX
Q4 25
5.3%
Q3 25
7.4%
Q2 25
10.8%
Q1 25
13.4%
Q4 24
17.3%
Q3 24
15.9%
Q2 24
18.3%
Q1 24
15.5%
Operating Margin
TFII
TFII
TROX
TROX
Q4 25
-15.6%
Q3 25
8.4%
-6.2%
Q2 25
8.4%
-4.8%
Q1 25
5.8%
-8.3%
Q4 24
7.1%
Q3 24
9.5%
6.7%
Q2 24
9.2%
9.3%
Q1 24
8.1%
5.3%
Net Margin
TFII
TFII
TROX
TROX
Q4 25
-24.1%
Q3 25
-14.2%
Q2 25
4.8%
-11.5%
Q1 25
2.9%
-15.0%
Q4 24
-4.4%
Q3 24
-3.1%
Q2 24
5.2%
2.0%
Q1 24
5.0%
-1.2%
EPS (diluted)
TFII
TFII
TROX
TROX
Q4 25
$-1.11
Q3 25
$-0.63
Q2 25
$-0.53
Q1 25
$-0.70
Q4 24
$-0.19
Q3 24
$-0.16
Q2 24
$0.10
Q1 24
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TFII
TFII
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$199.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$1.4B
Total Assets
$6.2B
Debt / EquityLower = less leverage
2.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TFII
TFII
TROX
TROX
Q4 25
$199.0M
Q3 25
$185.0M
Q2 25
$132.0M
Q1 25
$138.0M
Q4 24
$151.0M
Q3 24
$167.0M
Q2 24
$201.0M
Q1 24
$152.0M
Total Debt
TFII
TFII
TROX
TROX
Q4 25
$3.1B
Q3 25
$3.1B
Q2 25
$2.7B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.8B
Stockholders' Equity
TFII
TFII
TROX
TROX
Q4 25
$1.4B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
TFII
TFII
TROX
TROX
Q4 25
$6.2B
Q3 25
$6.3B
Q2 25
$6.2B
Q1 25
$6.1B
Q4 24
$6.0B
Q3 24
$6.2B
Q2 24
$6.1B
Q1 24
$6.0B
Debt / Equity
TFII
TFII
TROX
TROX
Q4 25
2.21×
Q3 25
2.01×
Q2 25
1.67×
Q1 25
1.64×
Q4 24
1.57×
Q3 24
1.45×
Q2 24
1.47×
Q1 24
1.48×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TFII
TFII
TROX
TROX
Operating Cash FlowLast quarter
$121.0M
Free Cash FlowOCF − Capex
$53.0M
FCF MarginFCF / Revenue
7.3%
Capex IntensityCapex / Revenue
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TFII
TFII
TROX
TROX
Q4 25
$121.0M
Q3 25
$-57.0M
Q2 25
$28.0M
Q1 25
$-32.0M
Q4 24
$82.0M
Q3 24
$87.0M
Q2 24
$160.0M
Q1 24
$-29.0M
Free Cash Flow
TFII
TFII
TROX
TROX
Q4 25
$53.0M
Q3 25
$-137.0M
Q2 25
$-55.0M
Q1 25
$-142.0M
Q4 24
$-35.0M
Q3 24
$-14.0M
Q2 24
$84.0M
Q1 24
$-105.0M
FCF Margin
TFII
TFII
TROX
TROX
Q4 25
7.3%
Q3 25
-19.6%
Q2 25
-7.5%
Q1 25
-19.2%
Q4 24
-5.2%
Q3 24
-1.7%
Q2 24
10.2%
Q1 24
-13.6%
Capex Intensity
TFII
TFII
TROX
TROX
Q4 25
9.3%
Q3 25
11.4%
Q2 25
11.4%
Q1 25
14.9%
Q4 24
17.3%
Q3 24
12.6%
Q2 24
9.3%
Q1 24
9.8%
Cash Conversion
TFII
TFII
TROX
TROX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
10.00×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TFII
TFII

Segment breakdown not available.

TROX
TROX

Ti O2$577.0M79%
Zircon$78.0M11%
Idle Facility And Lower Of Cost Or Net Realizable Value Charges$42.0M6%
Other$20.0M3%
MGT$13.0M2%

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