TSX · Auto Manufacturers · CAD

NFI Group Inc. (NFI.TO) Stock Analysis

NFI Group Inc. (NFI.TO) is a Auto Manufacturers stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

NFI.TO

CA$25.97

+CA$0.67 (+2.65%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NFI.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$25.38
Previous Close: CA$25.30
Day's Range: 25.12–26.08
52-Week Range: 12.50–26.40
Volume: 216.77K
Beta: 0.41

Valuation

Market Cap: CA$3.09B
P/E Ratio: 41.22
Forward P/E: 12.82
P/S ratio: 0.82
EPS (ttm): 0.63

Financials (FY)

Revenue (FY): CA$3.61B+15.77%
Net Income (FY): −CA$142.12M
Profit margin: 1.43%
Shares Outstanding: 119.11M
1-Year Return: +85.24%

Dividend and dates

Earnings Date: November 5, 2026
Avg Volume: 258.69K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NFI.TO closed at CA$25.97, +85.24% over 1 year.

NFI Group Inc. (NFI.TO) has a market capitalization of CA$3.09B.

In fiscal 2025, NFI.TO reported revenue of CA$3.61B.

NFI.TO Stock Return by Calendar Year

NFI Group Inc. (NFI.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$18,524; +85.24%
5 years: CA$10,000 CA$11,276; +12.76%
10 years: CA$10,000 CA$8,446; −15.54%

If you had invested CA$10,000 in NFI Group Inc. (NFI.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$8,446 at the close on October 21, 2026: −15.54% in total, −1.67% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−52.48%+67.33%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+67.33%
2025	+10.86%
2024	+2.26%
2023	+43.80%
2022	−52.48%
2021	−12.90%
2020	−5.14%
2019	−17.27%
2018	−34.92%
2017	+35.34%
2016 (partial year)	−2.55%

As of October 21, 2026.

NFI.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$3.61B	−CA$142.12M	−3.9%
2024	CA$3.12B	−CA$3.30M	−0.1%
2023	CA$2.69B	−CA$136.16M	−5.1%
2022	CA$2.06B	−CA$276.38M	−13.4%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$3.61B	CA$270.29M	−CA$2.17M	−CA$142.12M	−3.9%
2024	CA$3.12B	CA$349.44M	CA$110.33M	−CA$3.30M	−0.1%
2023	CA$2.69B	CA$220.77M	−CA$24.50M	−CA$136.16M	−5.1%
2022	CA$2.06B	CA$49.13M	−CA$189.48M	−CA$276.38M	−13.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NFI.TO Dividend History

’16’17’18’19’20’21’22

CA$0.16−81.3% vs 2021

Dividends per share, 2022 · 3 payments

Year	Dividends per share	Payments	Change
2022	CA$0.16	3	−81.3%
2021	CA$0.85	4	+0.0%
2020	CA$0.85	4	−49.9%
2019	CA$1.70	4	+17.2%

Year	Dividends per share	Payments	Change
2022	CA$0.16	3	−81.3%
2021	CA$0.85	4	+0.0%
2020	CA$0.85	4	−49.9%
2019	CA$1.70	4	+17.2%
2018	CA$1.45	4	+19.5%
2017	CA$1.21	4	+409.7%
2016	CA$0.24	1	—

Most recent payment: CA$0.05 per share, ex-dividend September 28, 2022. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NFI.TO Valuation vs Auto Manufacturers Median

Median of 26 stocks

Metric	NFI.TO	Auto Manufacturers median	vs median
P/E	41.22	26.77	54% above
P/S ratio	0.82	0.36	128% above
Profit margin	1.43%	−4.35%	5.8 pts above

Medians across 26 Auto Manufacturers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

NFI Group Inc. (NFI.TO) carries a market capitalisation of CA$3.09B. It is classified in the Auto Manufacturers industry, within the Consumer Cyclical sector. Headcount on file is 9,000.

NFI.TO last closed at CA$25.97 on October 21, 2026. That is +CA$0.67 (+2.65%) against the previous close. Over the past 52 weeks the price has ranged from CA$12.50 to CA$26.40. The latest close sits 107.76% above that 52-week low.

Financial Health

In fiscal 2025, NFI Group Inc. reported revenue of CA$3.61B. That is +15.77% against the prior fiscal year, when revenue was CA$3.12B. The same year closed with a net loss of CA$142.12M. The reported profit margin is 1.43%. That is 5.8 percentage points above the Auto Manufacturers median of −4.35%. Earnings per share on a trailing basis come to 0.63.

Across the 4 fiscal years on file, revenue moves from CA$2.06B in 2022 to CA$3.61B in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 41.22 times earnings. That is 54.01% above the Auto Manufacturers median of 26.77. The forward P/E on file is 12.82. Measured against sales, the shares trade at 0.82 times revenue. On price-to-sales that is 127.55% above the Auto Manufacturers median of 0.36. 26 Auto Manufacturers companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.41. Daily returns over the trailing 10 years annualize to a volatility of 45.8%. The trailing one-year total return is +85.24%. Across 10 years the annualized return works out at −1.67%.

Growth & Income

The latest dividend on file for NFI.TO dates from 2022. Dividends are recorded for 7 calendar years; 2022 shows 3 payments totalling CA$0.16 a share. The year before, 2021, totalled CA$0.85 a share.

2026 is still running; the total return is +67.33% year to date. The strongest complete calendar year on file is 2023 at +43.80%; the weakest is 2022 at −52.48%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

NFI Group Inc. (NFI.TO) operates in the Auto Manufacturers industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
NFI Group Inc.	NFI.TO	CA$3.09B	41.2
Tesla, Inc.	TSLA	$1.53T	357.8
Toyota Motor Corporation	TM	$229.51B	8.6
Ferrari N.V.	RACE	$69.68B	36.9

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Auto Manufacturers industry average P/E ratio is 26.8x. NFI Group Inc. trades at a P/E of 41.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About NFI Group Inc.

NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment designs, manufactures, services, and supports transit buses, motor coaches, medium-duty, and cutaway buses; the installation of infrastructure for electric vehicles; and the third-party sales of fiberglass reinforced polymer components. The Aftermarket Operations segment engages in the sale of aftermarket parts and services for transit buses, coaches, and medium-duty/cutaway buses. In addition, the company offers heavy-duty transit buses under the New Flyer brand name; single and double-deck buses under the and Alexander Dennis brand; motor coaches under he MCI brand name; and low-floor cutaway, and medium-duty buses under the ARBOC brand, as well as sells aftermarket parts under the NFI Parts brand. It also engages in infrastructure solutions, connected vehicles and diagnostics, and aftermarket, warranty, and service. NFI Group Inc. was founded in 1895 and is headquartered in Winnipeg, Canada.

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