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Side-by-side financial comparison of TFI International Inc. (TFII) and Woodward, Inc. (WWD). Click either name above to swap in a different company.

Woodward, Inc. is the larger business by last-quarter revenue ($1.1B vs $921.9M, roughly 1.2× TFI International Inc.).

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...

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.

TFII vs WWD — Head-to-Head

Bigger by revenue
WWD
WWD
1.2× larger
WWD
$1.1B
$921.9M
TFII

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
TFII
TFII
WWD
WWD
Revenue
$921.9M
$1.1B
Net Profit
$134.0M
Gross Margin
29.0%
Operating Margin
8.4%
15.4%
Net Margin
12.3%
Revenue YoY
23.4%
Net Profit YoY
22.9%
EPS (diluted)
$2.19

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
WWD
WWD
Q1 26
$1.1B
Q4 25
$996.5M
Q3 25
$921.9M
$995.3M
Q2 25
$2.0B
$915.4M
Q1 25
$2.0B
$883.6M
Q4 24
$772.7M
Q3 24
$1.0B
$854.5M
Q2 24
$2.3B
$847.7M
Net Profit
TFII
TFII
WWD
WWD
Q1 26
$134.0M
Q4 25
$133.7M
Q3 25
$137.6M
Q2 25
$98.2M
$108.4M
Q1 25
$56.0M
$108.9M
Q4 24
$87.1M
Q3 24
$83.3M
Q2 24
$117.8M
$102.1M
Gross Margin
TFII
TFII
WWD
WWD
Q1 26
29.0%
Q4 25
29.3%
Q3 25
27.9%
Q2 25
27.2%
Q1 25
27.2%
Q4 24
24.5%
Q3 24
24.3%
Q2 24
27.1%
Operating Margin
TFII
TFII
WWD
WWD
Q1 26
15.4%
Q4 25
17.0%
Q3 25
8.4%
16.1%
Q2 25
8.4%
13.9%
Q1 25
5.8%
15.0%
Q4 24
13.2%
Q3 24
9.5%
11.9%
Q2 24
9.2%
14.4%
Net Margin
TFII
TFII
WWD
WWD
Q1 26
12.3%
Q4 25
13.4%
Q3 25
13.8%
Q2 25
4.8%
11.8%
Q1 25
2.9%
12.3%
Q4 24
11.3%
Q3 24
9.7%
Q2 24
5.2%
12.0%
EPS (diluted)
TFII
TFII
WWD
WWD
Q1 26
$2.19
Q4 25
$2.17
Q3 25
$2.23
Q2 25
$1.76
Q1 25
$1.78
Q4 24
$1.42
Q3 24
$1.36
Q2 24
$1.63

Balance Sheet & Financial Strength

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

Metric
TFII
TFII
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$501.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$2.5B
Total Assets
$5.0B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TFII
TFII
WWD
WWD
Q1 26
$501.2M
Q4 25
$454.2M
Q3 25
$327.4M
Q2 25
$473.2M
Q1 25
$364.1M
Q4 24
$283.7M
Q3 24
$282.3M
Q2 24
$308.3M
Total Debt
TFII
TFII
WWD
WWD
Q1 26
$1.1B
Q4 25
Q3 25
$579.9M
Q2 25
Q1 25
Q4 24
Q3 24
$655.5M
Q2 24
Stockholders' Equity
TFII
TFII
WWD
WWD
Q1 26
$2.5B
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.3B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Total Assets
TFII
TFII
WWD
WWD
Q1 26
$5.0B
Q4 25
$4.7B
Q3 25
$4.6B
Q2 25
$4.7B
Q1 25
$4.5B
Q4 24
$4.3B
Q3 24
$4.4B
Q2 24
$4.3B
Debt / Equity
TFII
TFII
WWD
WWD
Q1 26
0.43×
Q4 25
Q3 25
0.23×
Q2 25
Q1 25
Q4 24
Q3 24
0.30×
Q2 24

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
WWD
WWD
Operating Cash FlowLast quarter
$91.0M
Free Cash FlowOCF − Capex
$38.0M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$388.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TFII
TFII
WWD
WWD
Q1 26
$91.0M
Q4 25
$114.4M
Q3 25
$233.3M
Q2 25
$125.6M
Q1 25
$77.8M
Q4 24
$34.5M
Q3 24
$141.8M
Q2 24
$153.2M
Free Cash Flow
TFII
TFII
WWD
WWD
Q1 26
$38.0M
Q4 25
$70.3M
Q3 25
$180.9M
Q2 25
$99.1M
Q1 25
$59.4M
Q4 24
$942.0K
Q3 24
$117.7M
Q2 24
$137.3M
FCF Margin
TFII
TFII
WWD
WWD
Q1 26
3.5%
Q4 25
7.1%
Q3 25
18.2%
Q2 25
10.8%
Q1 25
6.7%
Q4 24
0.1%
Q3 24
13.8%
Q2 24
16.2%
Capex Intensity
TFII
TFII
WWD
WWD
Q1 26
4.9%
Q4 25
4.4%
Q3 25
5.3%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
4.3%
Q3 24
2.8%
Q2 24
1.9%
Cash Conversion
TFII
TFII
WWD
WWD
Q1 26
0.68×
Q4 25
0.86×
Q3 25
1.70×
Q2 25
1.16×
Q1 25
0.71×
Q4 24
0.40×
Q3 24
1.70×
Q2 24
1.50×

Financial Flow Comparison

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

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