Saia (SAIA) Financials

$260.48 -1.75 (-0.67%)

Closing price 06/18/2025 04:00 PM Eastern

Extended Trading

$260.44 -0.05 (-0.02%)

As of 07:07 AM Eastern

Annual Income Statements for Saia

This table shows Saia's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	55	48	91	105	114	138	253	357	355	362
Consolidated Net Income / (Loss)	55	48	91	105	114	138	253	357	355	362
Net Income / (Loss) Continuing Operations	55	48	91	105	114	138	253	357	355	362
Total Pre-Tax Income	86	75	90	136	147	176	333	468	466	476
Total Operating Income	90	79	95	141	153	180	335	470	460	482
Total Gross Profit	481	466	530	332	369	718	975	1,307	1,341	1,484
Total Revenue	1,221	1,250	1,405	1,654	1,787	1,822	2,289	2,792	2,881	3,209
Operating Revenue	1,221	1,250	1,405	1,654	1,787	1,822	2,289	2,792	2,881	3,209
Total Cost of Revenue	741	784	874	1,322	1,418	1,105	1,313	1,485	1,540	1,725
Operating Cost of Revenue	741	784	874	1,322	1,418	1,105	1,313	1,485	1,540	1,725
Total Operating Expenses	391	387	436	191	216	537	640	836	881	1,002
Marketing Expense	27	40	37	38	43	50	61	57	68	78
Depreciation Expense	65	76	87	102	119	135	142	157	179	210
Other Operating Expenses / (Income)	298	270	311	50	54	356	441	622	633	710
Other Special Charges / (Income)	0.31	0.72	-0.18	0.38	-0.40	-2.53	-3.89	0.05	0.91	4.48
Total Other Income / (Expense), net	-4.01	-4.22	-4.96	-5.34	-5.93	-4.04	-2.37	-2.44	5.73	-6.15
Interest Expense	4.11	4.39	5.05	5.42	6.69	5.18	3.21	2.61	2.54	8.93
Interest & Investment Income	-	-	-	-	-	-	0.01	0.22	6.21	1.05
Other Income / (Expense), net	0.10	0.18	0.09	0.07	0.75	1.13	0.83	-0.05	2.06	1.73
Income Tax Expense	31	27	-1.38	31	33	38	80	111	111	114
Basic Earnings per Share	$2.21	$1.92	$3.57	$4.08	$4.38	$5.29	$9.62	$13.48	$13.32	$13.57
Weighted Average Basic Shares Outstanding	24.92M	25.04M	25.52M	25.76M	25.95M	26.14M	26.32M	26.52M	26.63M	26.69M
Diluted Earnings per Share	$2.16	$1.87	$3.49	$3.99	$4.30	$5.20	$9.48	$13.40	$13.26	$13.51
Weighted Average Diluted Shares Outstanding	25.47M	25.68M	26.09M	26.29M	26.44M	26.59M	26.71M	26.67M	26.76M	26.80M
Weighted Average Basic & Diluted Shares Outstanding	24.90M	25M	25.50M	25.70M	26.04M	26.33M	26.40M	26.53M	26.59M	26.63M

This table shows Saia's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	98	71	76	91	98	89	91	103	93	76	50
Consolidated Net Income / (Loss)	98	71	76	91	98	89	91	103	93	76	50
Net Income / (Loss) Continuing Operations	98	71	76	91	98	89	91	103	93	76	50
Total Pre-Tax Income	128	93	99	121	130	116	119	136	123	99	66
Total Operating Income	128	93	99	120	128	113	118	138	125	101	70
Total Gross Profit	347	138	362	383	431	167	413	451	444	176	398
Total Revenue	730	656	661	695	775	751	755	823	842	789	788
Operating Revenue	730	656	661	695	775	751	755	823	842	789	788
Total Cost of Revenue	383	518	299	312	345	585	342	372	398	613	389
Operating Cost of Revenue	383	518	299	312	345	585	342	372	398	613	389
Total Operating Expenses	219	45	262	262	302	54	295	313	319	74	328
Marketing Expense	16	16	14	17	18	19	17	19	19	22	22
Depreciation Expense	41	40	43	45	46	46	49	53	55	54	59
Other Operating Expenses / (Income)	162	-10	205	201	238	-11	229	242	244	-4.94	247
Other Special Charges / (Income)	0.12	-0.11	0.08	0.15	0.42	0.27	0.24	0.43	0.61	3.20	0.61
Total Other Income / (Expense), net	-0.65	0.57	-0.05	1.02	1.81	2.95	1.00	-1.98	-2.49	-2.69	-4.60
Interest Expense	0.58	0.67	0.69	0.46	0.45	0.94	0.54	2.41	3.00	2.98	4.29
Interest & Investment Income	0.07	-	0.14	0.49	2.42	3.16	0.76	0.11	0.05	0.14	0.04
Other Income / (Expense), net	-0.14	1.15	0.50	0.99	-0.16	0.72	0.79	0.33	0.46	0.16	-0.36
Income Tax Expense	30	22	23	30	32	26	28	33	30	23	16
Basic Earnings per Share	$3.69	$2.66	$2.86	$3.43	$3.69	$3.34	$3.40	$3.84	$3.47	$2.86	$1.86
Weighted Average Basic Shares Outstanding	26.54M	26.52M	26.60M	26.63M	26.64M	26.63M	26.67M	26.69M	26.70M	26.69M	26.72M
Diluted Earnings per Share	$3.67	$2.65	$2.85	$3.42	$3.67	$3.32	$3.38	$3.83	$3.46	$2.84	$1.86
Weighted Average Diluted Shares Outstanding	26.68M	26.67M	26.70M	26.74M	26.78M	26.76M	26.79M	26.80M	26.79M	26.80M	26.79M
Weighted Average Basic & Diluted Shares Outstanding	26.46M	26.53M	26.53M	26.54M	26.55M	26.59M	26.59M	26.59M	26.60M	26.63M	26.63M

This table details how cash moves in and out of Saia's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-4.24	1.42	3.18	-2.53	-1.95	25	81	81	109	-277
Net Cash From Operating Activities	146	146	158	256	273	309	383	473	578	584
Net Cash From Continuing Operating Activities	146	146	158	256	273	312	383	473	578	580
Net Income / (Loss) Continuing Operations	55	48	91	105	114	138	253	357	355	362
Consolidated Net Income / (Loss)	55	48	91	105	114	138	253	357	355	362
Depreciation Expense	65	76	87	102	119	135	142	157	179	210
Non-Cash Adjustments To Reconcile Net Income	5.65	6.79	7.53	5.24	16	12	8.37	12	15	19
Changes in Operating Assets and Liabilities, net	21	15	-28	44	24	27	-21	-54	30	-11
Net Cash From Investing Activities	-108	-118	-182	-223	-281	-219	-278	-366	-449	-1,036
Net Cash From Continuing Investing Activities	-108	-118	-182	-223	-281	-219	-278	-366	-449	-1,036
Purchase of Property, Plant & Equipment	-86	-119	-187	-224	-288	-231	-286	-367	-440	-1,044
Sale of Property, Plant & Equipment	0.82	1.68	5.17	1.09	6.62	12	8.40	1.92	2.73	2.69
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	-12	5.00
Net Cash From Financing Activities	-42	-27	27	-36	6.21	-65	-23	-27	-20	175
Net Cash From Continuing Financing Activities	-42	-27	27	-36	6.21	-65	-23	-27	-20	175
Repayment of Debt	-292	-215	-237	-250	-350	-369	-64	-20	-16	-1,062
Issuance of Debt	250	185	261	211	357	323	43	1.00	0.00	1,154
Issuance of Common Equity	-	-	-	-	-	-	-	0.00	0.00	100
Other Financing Activities, net	-0.59	2.52	3.23	2.77	-0.54	-19	-2.89	-7.24	-4.34	-17

This table details how cash moves in and out of Saia's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	12	38	-21	69	14	47	-284	-1.14	3.24	5.07	-2.94
Net Cash From Operating Activities	136	129	119	172	125	162	106	131	182	165	109
Net Cash From Continuing Operating Activities	136	129	119	172	125	162	106	131	182	161	109
Net Income / (Loss) Continuing Operations	98	71	76	91	98	89	91	103	93	76	50
Consolidated Net Income / (Loss)	98	71	76	91	98	89	91	103	93	76	50
Depreciation Expense	41	40	43	45	46	46	49	53	55	54	59
Non-Cash Adjustments To Reconcile Net Income	-3.59	12	2.97	4.93	4.26	2.34	3.62	7.05	5.61	2.44	6.50
Changes in Operating Assets and Liabilities, net	1.19	6.78	-2.68	31	-23	24	-37	-31	29	29	-6.28
Net Cash From Investing Activities	-123	-88	-128	-98	-111	-112	-452	-224	-192	-168	-202
Net Cash From Continuing Investing Activities	-123	-88	-128	-98	-111	-112	-452	-224	-192	-168	-202
Purchase of Property, Plant & Equipment	-123	-88	-128	-99	-114	-99	-457	-225	-193	-168	-203
Sale of Property, Plant & Equipment	0.00	0.86	0.36	0.17	1.61	0.59	0.34	0.30	1.44	0.62	0.83
Other Investing Activities, net	-	-	0.00	-	1.38	-13	5.00	-	-	-	0.00
Net Cash From Financing Activities	-1.51	-3.87	-12	-5.13	-0.08	-3.04	61	93	13	7.97	90
Net Cash From Continuing Financing Activities	-1.51	-3.87	-12	-5.13	-0.08	-3.04	61	93	13	7.97	90
Repayment of Debt	-4.45	-3.92	-5.46	-5.17	-2.43	-3.03	-53	-443	-383	-183	-349
Issuance of Debt	-	-	0.00	-	-	-	120	436	397	201	444
Other Financing Activities, net	2.94	0.05	-6.72	0.05	2.34	-0.01	-5.98	-	-0.81	-9.94	-5.18

This table presents Saia's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	729	800	967	1,134	1,416	1,549	1,845	2,175	2,584	3,167
Total Current Assets	159	166	203	213	232	272	416	531	649	436
Cash & Equivalents	0.12	1.54	4.72	2.19	0.25	25	107	187	296	19
Accounts Receivable	124	135	170	182	196	217	277	290	312	323
Prepaid Expenses	14	17	18	21	19	20	20	23	33	35
Current Deferred & Refundable Income Taxes	16	6.99	3.66	1.83	8.29	0.10	0.00	23	1.01	44
Other Current Assets	4.70	5.50	7.05	7.12	9.18	9.89	13	7.23	7.08	14
Plant, Property, & Equipment, net	539	604	736	893	1,053	1,136	1,280	1,483	1,763	2,557
Plant, Property & Equipment, gross	996	1,102	1,290	1,521	1,739	1,901	2,145	2,479	2,882	3,790
Accumulated Depreciation	456	498	554	628	687	765	864	996	1,118	1,233
Total Noncurrent Assets	31	30	28	27	131	141	149	161	172	174
Goodwill	12	12	12	12	12	12	19	18	17	16
Other Noncurrent Operating Assets	4.04	4.37	4.26	4.65	109	121	129	143	154	158
Total Liabilities & Shareholders' Equity	729	800	967	1,134	1,416	1,549	1,845	2,175	2,584	3,167
Total Liabilities	301	317	385	438	600	587	625	595	642	856
Total Current Liabilities	141	145	167	209	241	276	321	274	322	278
Short-Term Debt	12	17	14	18	19	21	19	15	10	5.31
Accounts Payable	55	45	57	79	84	89	114	100	142	115
Accrued Expenses	27	33	36	41	37	50	55	45	42	43
Current Employee Benefit Liabilities	28	32	40	48	50	55	73	67	76	50
Other Current Liabilities	19	18	20	23	52	61	60	48	53	65
Total Noncurrent Liabilities	160	172	218	229	359	312	304	321	320	577
Long-Term Debt	57	57	119	105	117	50	31	16	6.32	195
Noncurrent Deferred & Payable Income Tax Liabilities	67	80	59	87	112	120	124	146	156	219
Other Noncurrent Operating Liabilities	36	35	40	37	131	142	148	159	158	163
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	428	483	582	696	815	961	1,220	1,579	1,941	2,311
Total Preferred & Common Equity	428	483	582	696	815	961	1,220	1,579	1,941	2,311
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	428	483	582	696	815	961	1,220	1,579	1,941	2,311
Common Stock	231	238	246	255	261	268	275	277	285	295
Retained Earnings	200	248	340	444	558	697	950	1,307	1,662	2,024
Other Equity Adjustments	-3.10	-3.19	-3.49	-3.38	-3.87	-2.94	-4.10	-5.25	-5.68	-7.98

This table presents Saia's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,140	2,243	2,337	2,485	2,766	2,957	3,082	3,365
Total Current Assets	551	514	579	646	416	446	437	470
Cash & Equivalents	150	166	235	249	12	11	14	17
Accounts Receivable	336	295	300	346	346	376	372	351
Prepaid Expenses	54	39	37	28	51	43	36	55
Current Deferred & Refundable Income Taxes	12	6.39	1.44	14	-	7.17	8.33	34
Other Current Assets	-	7.15	6.36	7.47	6.91	9.10	6.47	13
Plant, Property, & Equipment, net	1,439	1,568	1,608	1,673	2,177	2,341	2,482	2,722
Plant, Property & Equipment, gross	2,404	2,603	2,683	2,789	3,336	3,535	3,704	3,996
Accumulated Depreciation	965	1,035	1,076	1,116	1,160	1,194	1,222	1,273
Total Noncurrent Assets	150	161	151	166	173	170	163	173
Goodwill	18	18	18	18	17	17	17	16
Other Noncurrent Operating Assets	131	143	133	149	156	153	146	157
Total Liabilities & Shareholders' Equity	2,140	2,243	2,337	2,485	2,766	2,957	3,082	3,365
Total Liabilities	634	592	591	636	737	821	851	1,005
Total Current Liabilities	338	271	267	299	338	328	347	328
Short-Term Debt	16	14	12	11	7.50	7.58	6.76	3.77
Accounts Payable	115	108	98	113	153	156	161	155
Accrued Expenses	75	43	42	46	37	40	41	46
Current Employee Benefit Liabilities	79	55	63	78	55	63	71	58
Other Current Liabilities	54	50	52	52	85	62	67	66
Total Noncurrent Liabilities	295	321	324	337	399	493	504	677
Long-Term Debt	19	12	9.68	7.96	77	169	184	292
Noncurrent Deferred & Payable Income Tax Liabilities	125	152	159	163	158	160	162	224
Other Noncurrent Operating Liabilities	151	158	155	165	165	164	158	161
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,506	1,651	1,746	1,849	2,029	2,136	2,231	2,360
Total Preferred & Common Equity	1,506	1,651	1,746	1,849	2,029	2,136	2,231	2,360
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,506	1,651	1,746	1,849	2,029	2,136	2,231	2,360
Common Stock	275	273	277	282	282	288	291	295
Retained Earnings	1,236	1,383	1,475	1,573	1,753	1,855	1,948	2,074
Other Equity Adjustments	-5.24	-5.66	-5.63	-5.57	-5.93	-6.82	-7.88	-8.99

This table displays calculated financial ratios and metrics derived from Saia's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.01%	2.38%	12.34%	17.74%	8.04%	1.99%	25.59%	21.99%	3.20%	11.37%
EBITDA Growth	7.10%	0.30%	16.94%	33.81%	11.94%	16.01%	51.11%	31.40%	2.19%	8.20%
EBIT Growth	4.99%	-11.94%	19.53%	49.00%	8.56%	18.34%	85.16%	40.02%	-1.68%	4.61%
NOPAT Growth	4.99%	-11.91%	89.57%	13.46%	8.44%	19.60%	80.22%	40.88%	-2.45%	4.64%
Net Income Growth	5.82%	-12.71%	89.76%	15.20%	8.32%	21.65%	83.05%	41.14%	-0.72%	2.03%
EPS Growth	5.88%	-13.43%	86.63%	14.33%	7.77%	20.93%	82.31%	41.35%	-1.04%	1.89%
Operating Cash Flow Growth	42.74%	0.41%	7.80%	62.46%	6.41%	13.29%	23.76%	23.64%	22.18%	1.00%
Free Cash Flow Firm Growth	169.72%	-222.71%	-651.16%	105.53%	-606.04%	619.16%	13.82%	2.69%	11.16%	-515.07%
Invested Capital Growth	11.48%	11.80%	27.97%	14.89%	16.52%	5.84%	15.61%	22.23%	16.78%	49.97%
Revenue Q/Q Growth	-1.77%	3.69%	2.04%	2.90%	2.07%	1.87%	6.55%	1.40%	3.42%	1.19%
EBITDA Q/Q Growth	-0.76%	1.54%	5.22%	6.40%	-0.24%	8.89%	11.23%	-0.02%	4.16%	-0.48%
EBIT Q/Q Growth	-3.15%	-0.60%	6.59%	7.58%	-3.36%	14.88%	16.06%	-0.81%	4.41%	-2.37%
NOPAT Q/Q Growth	-3.73%	-2.02%	69.51%	-17.52%	-3.45%	14.74%	15.12%	-1.01%	4.96%	-2.35%
Net Income Q/Q Growth	-3.81%	-2.12%	69.74%	-17.59%	-3.37%	15.74%	15.26%	-0.80%	5.46%	-3.50%
EPS Q/Q Growth	-5.68%	-3.61%	69.42%	-17.56%	-3.80%	15.81%	15.19%	-0.81%	5.32%	-3.43%
Operating Cash Flow Q/Q Growth	17.43%	-2.45%	1.28%	18.05%	-1.35%	1.51%	13.24%	3.06%	6.00%	0.53%
Free Cash Flow Firm Q/Q Growth	141.42%	60.77%	-48.57%	197.62%	63.18%	28.24%	-37.78%	102.34%	5.05%	-12.16%
Invested Capital Q/Q Growth	1.28%	-1.24%	7.86%	3.35%	-0.65%	-0.69%	7.97%	2.26%	2.63%	3.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.35%	37.28%	37.75%	20.09%	20.64%	39.38%	42.61%	46.80%	46.56%	46.24%
EBITDA Margin	12.70%	12.44%	12.95%	14.72%	15.25%	17.35%	20.87%	22.48%	22.26%	21.63%
Operating Margin	7.37%	6.33%	6.74%	8.54%	8.54%	9.89%	14.64%	16.85%	15.98%	15.02%
EBIT Margin	7.37%	6.34%	6.75%	8.54%	8.58%	9.96%	14.68%	16.85%	16.05%	15.08%
Profit (Net Income) Margin	4.50%	3.84%	6.49%	6.35%	6.36%	7.59%	11.06%	12.80%	12.32%	11.28%
Tax Burden Percent	64.00%	64.10%	101.54%	77.29%	77.54%	78.48%	76.10%	76.36%	76.11%	76.06%
Interest Burden Percent	95.44%	94.46%	94.67%	96.16%	95.64%	97.15%	99.05%	99.49%	100.79%	98.37%
Effective Tax Rate	36.00%	35.90%	-1.54%	22.71%	22.46%	21.52%	23.90%	23.64%	23.89%	23.94%
Return on Invested Capital (ROIC)	12.22%	9.64%	15.19%	14.29%	13.39%	14.45%	23.49%	27.78%	22.72%	17.66%
ROIC Less NNEP Spread (ROIC-NNEP)	8.74%	5.81%	10.17%	10.97%	9.80%	10.96%	57.77%	29.53%	20.72%	27.12%
Return on Net Nonoperating Assets (RNNOA)	1.62%	0.90%	1.91%	2.14%	1.67%	1.12%	-0.28%	-2.24%	-2.57%	-0.63%
Return on Equity (ROE)	13.84%	10.54%	17.10%	16.42%	15.05%	15.57%	23.22%	25.53%	20.16%	17.03%
Cash Return on Invested Capital (CROIC)	1.36%	-1.50%	-9.35%	0.43%	-1.87%	8.78%	9.01%	7.77%	7.24%	-22.32%
Operating Return on Assets (OROA)	12.90%	10.37%	10.73%	13.45%	12.03%	12.24%	19.80%	23.41%	19.44%	16.83%
Return on Assets (ROA)	7.88%	6.28%	10.31%	9.99%	8.92%	9.33%	14.92%	17.78%	14.92%	12.59%
Return on Common Equity (ROCE)	13.84%	10.54%	17.10%	16.42%	15.05%	15.57%	23.22%	25.53%	20.16%	17.03%
Return on Equity Simple (ROE_SIMPLE)	12.86%	9.94%	15.64%	15.09%	13.95%	14.39%	20.75%	22.63%	18.28%	15.67%
Net Operating Profit after Tax (NOPAT)	58	51	96	109	118	142	255	359	350	367
NOPAT Margin	4.71%	4.06%	6.85%	6.60%	6.62%	7.77%	11.14%	12.87%	12.16%	11.43%
Net Nonoperating Expense Percent (NNEP)	3.48%	3.83%	5.02%	3.32%	3.58%	3.49%	-34.27%	-1.75%	2.00%	-9.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.31%	17.90%	14.60%
Cost of Revenue to Revenue	60.65%	62.72%	62.25%	79.91%	79.36%	60.62%	57.39%	53.20%	53.44%	53.76%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.98%	30.95%	31.00%	11.55%	12.10%	29.49%	27.97%	29.95%	30.57%	31.22%
Earnings before Interest and Taxes (EBIT)	90	79	95	141	153	181	336	470	463	484
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	156	182	243	272	316	478	628	641	694
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	2.30	3.10	2.06	2.96	4.92	7.27	3.51	5.99	5.24
Price to Tangible Book Value (P/TBV)	1.40	2.43	3.23	2.13	3.04	5.03	7.39	3.55	6.05	5.28
Price to Revenue (P/Rev)	0.46	0.89	1.28	0.87	1.35	2.60	3.88	1.99	4.04	3.78
Price to Earnings (P/E)	10.17	23.17	19.79	13.66	21.24	34.18	35.05	15.52	32.78	33.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.84%	4.32%	5.05%	7.32%	4.71%	2.93%	2.85%	6.44%	3.05%	2.99%
Enterprise Value to Invested Capital (EV/IC)	1.26	2.13	2.72	1.90	2.68	4.74	7.58	3.79	6.83	4.94
Enterprise Value to Revenue (EV/Rev)	0.51	0.95	1.38	0.94	1.43	2.62	3.85	1.93	3.94	3.83
Enterprise Value to EBITDA (EV/EBITDA)	4.05	7.62	10.62	6.39	9.36	15.10	18.46	8.59	17.70	17.72
Enterprise Value to EBIT (EV/EBIT)	6.97	14.94	20.38	11.01	16.64	26.31	26.25	11.46	24.55	25.42
Enterprise Value to NOPAT (EV/NOPAT)	10.91	23.36	20.09	14.25	21.56	33.74	34.58	15.01	32.39	33.54
Enterprise Value to Operating Cash Flow (EV/OCF)	4.31	8.09	12.24	6.06	9.35	15.44	23.05	11.40	19.65	21.07
Enterprise Value to Free Cash Flow (EV/FCFF)	97.83	0.00	0.00	475.18	0.00	55.54	90.14	53.67	101.66	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.16	0.15	0.23	0.18	0.17	0.07	0.04	0.02	0.01	0.09
Long-Term Debt to Equity	0.13	0.12	0.20	0.15	0.14	0.05	0.03	0.01	0.00	0.08
Financial Leverage	0.19	0.15	0.19	0.19	0.17	0.10	0.00	-0.08	-0.12	-0.02
Leverage Ratio	1.76	1.68	1.66	1.64	1.69	1.67	1.56	1.44	1.35	1.35
Compound Leverage Factor	1.68	1.59	1.57	1.58	1.61	1.62	1.54	1.43	1.36	1.33
Debt to Total Capital	13.88%	13.25%	18.58%	15.01%	14.34%	6.88%	3.97%	1.93%	0.84%	7.97%
Short-Term Debt to Total Capital	2.50%	3.01%	1.97%	2.21%	2.04%	1.99%	1.53%	0.90%	0.52%	0.21%
Long-Term Debt to Total Capital	11.38%	10.24%	16.61%	12.80%	12.30%	4.88%	2.44%	1.02%	0.32%	7.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	86.12%	86.75%	81.42%	84.99%	85.66%	93.12%	96.03%	98.07%	99.16%	92.03%
Debt to EBITDA	0.44	0.47	0.73	0.50	0.50	0.22	0.11	0.05	0.03	0.29
Net Debt to EBITDA	0.44	0.46	0.70	0.50	0.50	0.14	-0.12	-0.25	-0.44	0.26
Long-Term Debt to EBITDA	0.36	0.37	0.65	0.43	0.43	0.16	0.06	0.03	0.01	0.28
Debt to NOPAT	1.20	1.45	1.38	1.13	1.15	0.50	0.20	0.09	0.05	0.55
Net Debt to NOPAT	1.20	1.42	1.33	1.11	1.15	0.32	-0.22	-0.44	-0.80	0.49
Long-Term Debt to NOPAT	0.98	1.12	1.24	0.96	0.99	0.36	0.12	0.05	0.02	0.53
Altman Z-Score	3.61	4.46	5.12	4.39	4.58	7.02	11.15	8.57	13.63	10.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.15	1.22	1.02	0.96	0.99	1.30	1.94	2.01	1.57
Quick Ratio	0.88	0.94	1.05	0.88	0.81	0.88	1.19	1.74	1.89	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.42	-7.88	-59	3.27	-17	86	98	100	112	-464
Operating Cash Flow to CapEx	170.20%	124.42%	86.96%	115.21%	97.10%	141.28%	137.95%	129.41%	132.21%	56.08%
Free Cash Flow to Firm to Interest Expense	1.56	-1.79	-11.72	0.60	-2.48	16.61	30.46	38.48	44.06	-51.91
Operating Cash Flow to Interest Expense	35.51	33.32	31.25	47.33	40.80	59.72	119.11	181.17	227.99	65.36
Operating Cash Flow Less CapEx to Interest Expense	14.65	6.54	-4.69	6.25	-1.22	17.45	32.77	41.18	55.54	-51.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.64	1.59	1.57	1.40	1.23	1.35	1.39	1.21	1.12
Accounts Receivable Turnover	9.67	9.64	9.20	9.40	9.46	8.82	9.27	9.85	9.57	10.11
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.39	2.19	2.10	2.03	1.84	1.67	1.89	2.02	1.78	1.49
Accounts Payable Turnover	15.25	15.70	17.05	19.37	17.44	12.77	12.92	13.90	12.74	13.45
Days Sales Outstanding (DSO)	37.74	37.85	39.67	38.83	38.58	41.36	39.36	37.07	38.13	36.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	23.93	23.25	21.41	18.84	20.93	28.58	28.26	26.27	28.64	27.13
Cash Conversion Cycle (CCC)	13.81	14.60	18.26	19.99	17.65	12.78	11.10	10.80	9.49	8.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	497	555	711	817	951	1,007	1,164	1,423	1,662	2,492
Invested Capital Turnover	2.59	2.38	2.22	2.17	2.02	1.86	2.11	2.16	1.87	1.55
Increase / (Decrease) in Invested Capital	51	59	155	106	135	56	157	259	239	830
Enterprise Value (EV)	628	1,185	1,932	1,555	2,551	4,775	8,820	5,392	11,354	12,301
Market Capitalization	559	1,113	1,803	1,434	2,415	4,729	8,876	5,549	11,634	12,120
Book Value per Share	$17.02	$19.16	$22.85	$27.08	$31.43	$36.75	$46.34	$59.68	$73.13	$86.91
Tangible Book Value per Share	$15.95	$18.16	$21.91	$26.20	$30.60	$35.97	$45.61	$59.00	$72.48	$86.29
Total Capital	497	557	715	819	952	1,032	1,271	1,610	1,958	2,512
Total Debt	69	74	133	123	136	71	50	31	16	200
Total Long-Term Debt	57	57	119	105	117	50	31	16	6.32	195
Net Debt	69	72	128	121	136	46	-56	-156	-280	181
Capital Expenditures (CapEx)	86	118	182	223	281	219	277	366	437	1,041
Debt-free, Cash-free Net Working Capital (DFCFNWC)	30	37	46	20	10	-8.78	7.72	84	41	143
Debt-free Net Working Capital (DFNWC)	30	38	50	22	11	17	114	271	337	163
Net Working Capital (NWC)	18	22	36	4.06	-8.87	-4.06	95	257	327	157
Net Nonoperating Expense (NNE)	2.57	2.70	5.04	4.13	4.60	3.17	1.80	1.86	-4.36	4.68
Net Nonoperating Obligations (NNO)	69	72	128	121	136	46	-56	-156	-280	181
Total Depreciation and Amortization (D&A)	65	76	87	102	119	135	142	157	179	210
Debt-free, Cash-free Net Working Capital to Revenue	2.45%	2.94%	3.25%	1.21%	0.58%	-0.48%	0.34%	3.01%	1.41%	4.46%
Debt-free Net Working Capital to Revenue	2.46%	3.06%	3.59%	1.34%	0.59%	0.91%	4.99%	9.72%	11.69%	5.07%
Net Working Capital to Revenue	1.44%	1.72%	2.59%	0.25%	-0.50%	-0.22%	4.15%	9.20%	11.34%	4.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.21	$1.92	$3.57	$4.08	$4.38	$5.29	$9.62	$13.48	$13.32	$13.57
Adjusted Weighted Average Basic Shares Outstanding	24.92M	25.04M	25.52M	25.76M	25.95M	26.14M	26.32M	26.52M	26.63M	26.69M
Adjusted Diluted Earnings per Share	$2.16	$1.87	$3.49	$3.99	$4.30	$5.20	$9.48	$13.40	$13.26	$13.51
Adjusted Weighted Average Diluted Shares Outstanding	25.47M	25.68M	26.09M	26.29M	26.44M	26.59M	26.71M	26.67M	26.76M	26.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.19M	25.44M	25.68M	25.85M	26.04M	26.33M	26.40M	26.53M	26.59M	26.63M
Normalized Net Operating Profit after Tax (NOPAT)	58	51	66	109	118	140	252	359	351	370
Normalized NOPAT Margin	4.73%	4.09%	4.71%	6.62%	6.60%	7.66%	11.01%	12.87%	12.19%	11.53%
Pre Tax Income Margin	7.04%	5.99%	6.39%	8.21%	8.21%	9.67%	14.54%	16.76%	16.18%	14.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.93	18.05	18.77	26.07	22.93	35.05	104.60	180.18	182.47	54.19
NOPAT to Interest Expense	14.02	11.54	19.04	20.14	17.69	27.33	79.40	137.60	138.26	41.07
EBIT Less CapEx to Interest Expense	1.07	-8.73	-17.17	-15.01	-19.09	-7.22	18.25	40.19	10.02	-62.37
NOPAT Less CapEx to Interest Expense	-6.84	-15.24	-16.90	-20.94	-24.33	-14.93	-6.95	-2.38	-34.18	-75.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Saia's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.39%	6.26%	-0.10%	-6.83%	6.25%	14.55%	14.27%	18.52%	8.64%	5.04%	4.35%
EBITDA Growth	19.07%	-0.10%	-0.45%	-8.90%	2.96%	19.18%	17.56%	14.80%	3.68%	-2.12%	-23.09%
EBIT Growth	20.84%	-3.92%	-3.46%	-16.48%	0.05%	20.82%	19.12%	13.75%	-2.06%	-10.36%	-41.19%
NOPAT Growth	22.51%	-4.96%	-5.00%	-17.93%	-1.57%	23.47%	18.13%	14.87%	-2.29%	-10.10%	-40.73%
Net Income Growth	22.81%	-3.93%	-4.19%	-16.41%	0.33%	25.92%	19.18%	12.26%	-5.56%	-14.71%	-45.08%
EPS Growth	23.15%	-3.99%	-4.36%	-16.59%	0.00%	25.28%	18.60%	11.99%	-5.72%	-14.46%	-44.97%
Operating Cash Flow Growth	6.76%	12.22%	24.29%	53.77%	-8.30%	25.38%	-10.73%	-24.03%	45.54%	1.89%	2.45%
Free Cash Flow Firm Growth	-1,440.71%	-126.73%	-129.46%	-10.78%	39.15%	19.39%	-108.36%	-385.95%	-430.87%	-395.32%	2.86%
Invested Capital Growth	29.06%	22.23%	26.44%	17.42%	16.36%	16.78%	39.02%	50.18%	48.72%	49.97%	25.65%
Revenue Q/Q Growth	-2.15%	-10.12%	0.73%	5.16%	11.59%	-3.10%	0.49%	9.07%	2.29%	-6.31%	-0.17%
EBITDA Q/Q Growth	-7.26%	-20.98%	6.79%	16.40%	4.82%	-8.52%	5.33%	13.67%	-5.34%	-13.64%	-17.24%
EBIT Q/Q Growth	-11.68%	-26.81%	6.18%	21.68%	5.80%	-11.61%	4.69%	16.19%	-8.91%	-19.10%	-31.31%
NOPAT Q/Q Growth	-10.82%	-28.42%	8.10%	18.94%	6.95%	-10.21%	3.42%	15.66%	-9.02%	-17.39%	-31.81%
Net Income Q/Q Growth	-10.39%	-27.61%	7.39%	20.00%	7.55%	-9.15%	1.64%	13.04%	-9.53%	-17.95%	-34.55%
EPS Q/Q Growth	-10.49%	-27.79%	7.55%	20.00%	7.31%	-9.54%	1.81%	13.31%	-9.66%	-17.92%	-34.51%
Operating Cash Flow Q/Q Growth	21.64%	-5.30%	-7.51%	44.32%	-27.46%	29.48%	-34.15%	22.83%	38.96%	-9.35%	-33.79%
Free Cash Flow Firm Q/Q Growth	-73.98%	12.35%	-27.32%	42.94%	4.43%	-16.11%	-229.09%	-33.07%	-4.40%	-8.34%	35.46%
Invested Capital Q/Q Growth	6.61%	2.26%	6.19%	1.43%	5.65%	2.63%	26.41%	9.56%	4.63%	3.49%	5.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.54%	20.97%	54.74%	55.10%	55.54%	22.18%	54.73%	54.78%	52.72%	22.29%	50.58%
EBITDA Margin	23.15%	20.35%	21.58%	23.88%	22.43%	21.18%	22.20%	23.13%	21.41%	19.74%	16.36%
Operating Margin	17.59%	14.14%	15.01%	17.31%	16.57%	15.00%	15.62%	16.71%	14.86%	12.86%	8.91%
EBIT Margin	17.57%	14.31%	15.09%	17.45%	16.55%	15.10%	15.73%	16.75%	14.92%	12.88%	8.86%
Profit (Net Income) Margin	13.42%	10.81%	11.52%	13.15%	12.67%	11.88%	12.02%	12.45%	11.01%	9.65%	6.32%
Tax Burden Percent	76.65%	75.98%	76.79%	75.30%	75.41%	77.18%	76.27%	75.59%	75.60%	77.03%	75.97%
Interest Burden Percent	99.60%	99.38%	99.45%	100.02%	101.53%	101.96%	100.18%	98.33%	97.65%	97.21%	93.92%
Effective Tax Rate	23.35%	24.02%	23.21%	24.70%	24.59%	22.82%	23.73%	24.41%	24.40%	22.97%	24.03%
Return on Invested Capital (ROIC)	30.07%	23.18%	23.78%	25.18%	23.12%	21.63%	19.63%	20.46%	17.70%	15.31%	9.26%
ROIC Less NNEP Spread (ROIC-NNEP)	30.62%	22.77%	23.81%	24.69%	22.33%	20.58%	17.39%	26.67%	24.71%	19.49%	7.26%
Return on Net Nonoperating Assets (RNNOA)	-2.10%	-1.73%	-1.91%	-2.45%	-2.30%	-2.55%	-0.32%	-0.33%	-0.33%	-0.45%	0.58%
Return on Equity (ROE)	27.97%	21.45%	21.87%	22.73%	20.83%	19.08%	19.31%	20.13%	17.37%	14.86%	9.84%
Cash Return on Invested Capital (CROIC)	4.02%	7.77%	2.91%	7.62%	7.06%	7.24%	-12.48%	-20.41%	-20.53%	-22.32%	-8.80%
Operating Return on Assets (OROA)	24.63%	19.88%	20.17%	21.82%	19.93%	18.28%	18.69%	19.65%	17.00%	14.38%	9.37%
Return on Assets (ROA)	18.80%	15.01%	15.40%	16.43%	15.26%	14.39%	14.28%	14.60%	12.55%	10.77%	6.69%
Return on Common Equity (ROCE)	27.97%	21.45%	21.87%	22.73%	20.83%	19.08%	19.31%	20.13%	17.37%	14.86%	9.84%
Return on Equity Simple (ROE_SIMPLE)	23.92%	0.00%	21.45%	19.25%	18.19%	0.00%	18.21%	17.82%	16.81%	0.00%	13.61%
Net Operating Profit after Tax (NOPAT)	98	70	76	91	97	87	90	104	95	78	53
NOPAT Margin	13.49%	10.74%	11.53%	13.04%	12.49%	11.58%	11.92%	12.63%	11.24%	9.91%	6.77%
Net Nonoperating Expense Percent (NNEP)	-0.55%	0.41%	-0.03%	0.49%	0.79%	1.04%	2.24%	-6.21%	-7.01%	-4.18%	1.99%
Return On Investment Capital (ROIC_SIMPLE)	-	4.37%	-	-	-	4.44%	-	-	-	3.11%	2.01%
Cost of Revenue to Revenue	52.46%	79.03%	45.26%	44.90%	44.46%	77.82%	45.27%	45.22%	47.28%	77.71%	49.42%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.95%	6.83%	39.73%	37.79%	38.97%	7.18%	39.10%	38.07%	37.86%	9.43%	41.67%
Earnings before Interest and Taxes (EBIT)	128	94	100	121	128	113	119	138	126	102	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	133	143	166	174	159	168	190	180	156	129
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.33	3.51	4.37	5.20	5.72	5.99	7.65	5.90	5.21	5.24	3.94
Price to Tangible Book Value (P/TBV)	3.37	3.55	4.42	5.26	5.77	6.05	7.72	5.95	5.25	5.28	3.97
Price to Revenue (P/Rev)	1.82	1.99	2.59	3.32	3.80	4.04	5.22	4.06	3.67	3.78	2.87
Price to Earnings (P/E)	13.93	15.52	20.38	27.03	31.44	32.78	42.04	33.13	30.99	33.48	28.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.18%	6.44%	4.91%	3.70%	3.18%	3.05%	2.38%	3.02%	3.23%	2.99%	3.45%
Enterprise Value to Invested Capital (EV/IC)	3.52	3.79	4.68	5.79	6.39	6.83	7.43	5.55	4.90	4.94	3.63
Enterprise Value to Revenue (EV/Rev)	1.78	1.93	2.54	3.24	3.71	3.94	5.24	4.12	3.72	3.83	2.96
Enterprise Value to EBITDA (EV/EBITDA)	7.81	8.59	11.29	14.52	16.80	17.70	23.41	18.49	16.93	17.72	14.63
Enterprise Value to EBIT (EV/EBIT)	10.34	11.46	15.16	20.03	23.36	24.55	32.40	25.64	23.81	25.42	22.03
Enterprise Value to NOPAT (EV/NOPAT)	13.51	15.01	19.92	26.44	30.99	32.39	42.83	33.82	31.43	33.54	29.03
Enterprise Value to Operating Cash Flow (EV/OCF)	10.68	11.40	14.26	15.94	18.98	19.65	27.61	24.39	20.33	21.07	16.35
Enterprise Value to Free Cash Flow (EV/FCFF)	98.75	53.67	180.07	82.08	97.33	101.66	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.02	0.02	0.01	0.01	0.01	0.04	0.08	0.09	0.09	0.13
Long-Term Debt to Equity	0.01	0.01	0.01	0.01	0.00	0.00	0.04	0.08	0.08	0.08	0.12
Financial Leverage	-0.07	-0.08	-0.08	-0.10	-0.10	-0.12	-0.02	-0.01	-0.01	-0.02	0.08
Leverage Ratio	1.48	1.44	1.42	1.39	1.38	1.35	1.36	1.36	1.36	1.35	1.40
Compound Leverage Factor	1.48	1.43	1.41	1.39	1.40	1.38	1.36	1.34	1.33	1.31	1.31
Debt to Total Capital	2.26%	1.93%	1.58%	1.21%	1.01%	0.84%	3.98%	7.64%	7.88%	7.97%	11.13%
Short-Term Debt to Total Capital	1.03%	0.90%	0.86%	0.66%	0.59%	0.52%	0.35%	0.33%	0.28%	0.21%	0.14%
Long-Term Debt to Total Capital	1.23%	1.02%	0.72%	0.55%	0.43%	0.32%	3.62%	7.31%	7.60%	7.76%	10.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.74%	98.07%	98.42%	98.79%	98.99%	99.16%	96.02%	92.36%	92.12%	92.03%	88.87%
Debt to EBITDA	0.06	0.05	0.04	0.04	0.03	0.03	0.13	0.26	0.27	0.29	0.45
Net Debt to EBITDA	-0.18	-0.25	-0.22	-0.35	-0.37	-0.44	0.11	0.24	0.25	0.26	0.43
Long-Term Debt to EBITDA	0.03	0.03	0.02	0.02	0.01	0.01	0.11	0.24	0.26	0.28	0.45
Debt to NOPAT	0.10	0.09	0.07	0.06	0.06	0.05	0.23	0.47	0.51	0.55	0.90
Net Debt to NOPAT	-0.32	-0.44	-0.39	-0.64	-0.69	-0.80	0.20	0.44	0.47	0.49	0.85
Long-Term Debt to NOPAT	0.05	0.05	0.03	0.03	0.02	0.02	0.21	0.45	0.49	0.53	0.88
Altman Z-Score	7.16	8.00	9.70	11.61	12.33	13.18	14.79	11.35	10.28	10.57	7.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.94	1.90	2.17	2.16	2.01	1.23	1.36	1.26	1.57	1.43
Quick Ratio	1.43	1.74	1.71	2.00	1.99	1.89	1.06	1.18	1.12	1.23	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-215	-188	-240	-137	-131	-152	-500	-665	-694	-752	-485
Operating Cash Flow to CapEx	110.97%	147.35%	93.14%	174.87%	111.59%	163.70%	23.31%	58.26%	94.67%	98.27%	53.98%
Free Cash Flow to Firm to Interest Expense	-369.92	-281.17	-348.61	-298.79	-288.06	-162.41	-922.01	-275.70	-231.66	-252.49	-113.29
Operating Cash Flow to Interest Expense	234.37	192.47	173.36	375.84	275.03	172.92	196.44	54.22	60.63	55.30	25.45
Operating Cash Flow Less CapEx to Interest Expense	23.17	61.84	-12.77	160.91	28.57	67.29	-646.41	-38.84	-3.41	-0.97	-21.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.40	1.39	1.34	1.25	1.20	1.21	1.19	1.17	1.14	1.12	1.06
Accounts Receivable Turnover	8.72	9.85	9.04	8.35	8.18	9.57	9.29	9.19	8.83	10.11	9.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.08	2.02	1.97	1.85	1.79	1.78	1.59	1.57	1.53	1.49	1.32
Accounts Payable Turnover	10.65	13.90	12.53	12.41	12.97	12.74	12.09	12.95	12.39	13.45	11.49
Days Sales Outstanding (DSO)	41.85	37.07	40.36	43.73	44.64	38.13	39.30	39.71	41.34	36.10	39.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	34.27	26.27	29.12	29.40	28.15	28.64	30.19	28.19	29.46	27.13	31.76
Cash Conversion Cycle (CCC)	7.58	10.80	11.24	14.33	16.50	9.49	9.10	11.51	11.88	8.97	7.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,392	1,423	1,511	1,533	1,619	1,662	2,101	2,302	2,408	2,492	2,639
Invested Capital Turnover	2.23	2.16	2.06	1.93	1.85	1.87	1.65	1.62	1.57	1.55	1.37
Increase / (Decrease) in Invested Capital	313	259	316	227	228	239	590	769	789	830	539
Enterprise Value (EV)	4,903	5,392	7,078	8,871	10,348	11,354	15,602	12,776	11,803	12,301	9,584
Market Capitalization	5,018	5,549	7,218	9,085	10,578	11,634	15,531	12,610	11,627	12,120	9,305
Book Value per Share	$57.04	$59.68	$62.23	$65.81	$69.70	$73.13	$76.07	$80.34	$83.92	$86.91	$88.64
Tangible Book Value per Share	$56.34	$59.00	$61.55	$65.15	$69.04	$72.48	$75.43	$79.71	$83.30	$86.29	$88.03
Total Capital	1,541	1,610	1,677	1,768	1,868	1,958	2,113	2,313	2,422	2,512	2,656
Total Debt	35	31	27	21	19	16	84	177	191	200	296
Total Long-Term Debt	19	16	12	9.68	7.96	6.32	77	169	184	195	292
Net Debt	-115	-156	-140	-214	-230	-280	72	166	177	181	279
Capital Expenditures (CapEx)	123	88	128	98	112	99	457	224	192	168	202
Debt-free, Cash-free Net Working Capital (DFCFNWC)	79	84	91	88	108	41	74	115	83	143	129
Debt-free Net Working Capital (DFNWC)	229	271	257	323	357	337	86	126	97	163	146
Net Working Capital (NWC)	213	257	243	312	346	327	78	118	91	157	142
Net Nonoperating Expense (NNE)	0.50	-0.44	0.03	-0.77	-1.37	-2.27	-0.76	1.49	1.88	2.07	3.50
Net Nonoperating Obligations (NNO)	-115	-156	-140	-214	-230	-280	72	166	177	181	279
Total Depreciation and Amortization (D&A)	41	40	43	45	46	46	49	53	55	54	59
Debt-free, Cash-free Net Working Capital to Revenue	2.87%	3.01%	3.26%	3.22%	3.88%	1.41%	2.48%	3.69%	2.62%	4.46%	3.98%
Debt-free Net Working Capital to Revenue	8.31%	9.72%	9.22%	11.80%	12.83%	11.69%	2.89%	4.05%	3.07%	5.07%	4.49%
Net Working Capital to Revenue	7.73%	9.20%	8.70%	11.37%	12.43%	11.34%	2.64%	3.81%	2.86%	4.91%	4.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.69	$2.66	$2.86	$3.43	$3.69	$3.34	$3.40	$3.84	$3.47	$2.86	$1.86
Adjusted Weighted Average Basic Shares Outstanding	26.54M	26.52M	26.60M	26.63M	26.64M	26.63M	26.67M	26.69M	26.70M	26.69M	26.72M
Adjusted Diluted Earnings per Share	$3.67	$2.65	$2.85	$3.42	$3.67	$3.32	$3.38	$3.83	$3.46	$2.84	$1.86
Adjusted Weighted Average Diluted Shares Outstanding	26.68M	26.67M	26.70M	26.74M	26.78M	26.76M	26.79M	26.80M	26.79M	26.80M	26.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.46M	26.53M	26.53M	26.54M	26.55M	26.59M	26.59M	26.59M	26.60M	26.63M	26.63M
Normalized Net Operating Profit after Tax (NOPAT)	98	70	76	91	97	87	90	104	95	81	54
Normalized NOPAT Margin	13.50%	10.73%	11.54%	13.05%	12.53%	11.60%	11.94%	12.67%	11.29%	10.22%	6.83%
Pre Tax Income Margin	17.50%	14.22%	15.00%	17.46%	16.80%	15.39%	15.75%	16.47%	14.57%	12.52%	8.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	220.68	140.07	144.83	264.73	282.55	121.27	219.00	57.18	41.92	34.12	16.29
NOPAT to Interest Expense	169.34	105.11	110.66	197.71	213.32	93.00	165.93	43.12	31.58	26.24	12.44
EBIT Less CapEx to Interest Expense	9.48	9.44	-41.29	49.80	36.09	15.64	-623.84	-35.88	-22.13	-22.16	-30.86
NOPAT Less CapEx to Interest Expense	-41.85	-25.51	-75.47	-17.22	-33.14	-12.63	-676.92	-49.93	-32.47	-30.03	-34.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

In Q1 2025, SAIA (NASDAQ:SAIA) delivered modest revenue growth but faced margin pressure and heavy capital spending. Operating revenue rose to $787.6 million, up 4.4% year-over-year, while net income and EPS declined as the company invested aggressively in property and equipment. Cash flow from operations remained strong, supporting a low leverage profile and solid returns on invested capital.

Operating revenue increased 4.35% year-over-year to $787.6 million in Q1 2025, reflecting continued demand in less-than-truckload shipping.
Net cash from operating activities reached $109.1 million in Q1 2025, underscoring robust cash generation despite higher working capital.
Net debt to EBITDA remained low at 0.43× in Q1 2025, giving SAIA financial flexibility for growth and de-leveraging.
Return on invested capital (ROIC) was 9.26% in Q1 2025, indicating efficient use of capital even amid rising costs.
Capital expenditures surged to $202.1 million in Q1 2025 as the company invests in fleet and terminal capacity.
Free cash flow to the firm was negative at –$485.4 million in Q1 2025, driven by elevated capex and invested capital growth.
Cash and equivalents stood at $16.5 million at quarter-end, down from prior quarters, reflecting working capital deployment.
Net income fell 44.5% year-over-year to $49.8 million in Q1 2025, as higher operating expenses weighed on profitability.
Earnings per share dropped to $1.86 (basic and diluted) in Q1 2025, down 44.97% from $3.38 a year ago.
EBIT and EBITDA declined 41.2% and 23.1% year-over-year, respectively, in Q1 2025, illustrating margin compression from cost inflation.

06/20/25 06:06 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Saia's Financials

When does Saia's fiscal year end?

According to the most recent income statement we have on file, Saia's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Saia's net income changed over the last 9 years?

Saia's net income appears to be on an upward trend, with a most recent value of $362.07 million in 2024, rising from $55.02 million in 2015. The previous period was $354.86 million in 2023. See where experts think Saia is headed by visiting Saia's forecast page.

What is Saia's operating income?

Saia's total operating income in 2024 was $482.16 million, based on the following breakdown:

Total Gross Profit: $1.48 billion
Total Operating Expenses: $1.00 billion

How has Saia's revenue changed over the last 9 years?

Over the last 9 years, Saia's total revenue changed from $1.22 billion in 2015 to $3.21 billion in 2024, a change of 162.8%.

How much debt does Saia have?

Saia's total liabilities were at $855.59 million at the end of 2024, a 33.3% increase from 2023, and a 184.0% increase since 2015.

How much cash does Saia have?

In the past 9 years, Saia's cash and equivalents has ranged from $124 thousand in 2015 to $296.22 million in 2023, and is currently $19.47 million as of their latest financial filing in 2024.

How has Saia's book value per share changed over the last 9 years?

Over the last 9 years, Saia's book value per share changed from 17.02 in 2015 to 86.91 in 2024, a change of 410.5%.

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This page (NASDAQ:SAIA) was last updated on 6/20/2025 by MarketBeat.com Staff

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Saia (SAIA) Financials

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Saia (SAIA) Financials

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