Saia (SAIA) Financials

$456.23 -2.02 (-0.44%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$456.04 -0.19 (-0.04%)

As of 05/22/2026 06:03 PM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	55	48	91	105	114	138	253	357	355	362	255
Consolidated Net Income / (Loss)	55	48	91	105	114	138	253	357	355	362	255
Net Income / (Loss) Continuing Operations	55	48	91	105	114	138	253	357	355	362	255
Total Pre-Tax Income	86	75	90	136	147	176	333	468	466	476	337
Total Operating Income	90	79	95	141	153	180	335	470	460	482	352
Total Gross Profit	481	466	530	332	369	718	975	1,307	1,341	1,484	1,420
Total Revenue	1,221	1,250	1,405	1,654	1,787	1,822	2,289	2,792	2,881	3,209	3,234
Operating Revenue	1,221	1,250	1,405	1,654	1,787	1,822	2,289	2,792	2,881	3,209	3,234
Total Cost of Revenue	741	784	874	1,322	1,418	1,105	1,313	1,485	1,540	1,725	1,814
Operating Cost of Revenue	741	784	874	1,322	1,418	1,105	1,313	1,485	1,540	1,725	1,814
Total Operating Expenses	391	387	436	191	216	537	640	836	881	1,002	1,068
Marketing Expense	27	40	37	38	43	50	61	57	68	78	93
Depreciation Expense	65	76	87	102	119	135	142	157	179	210	249
Other Operating Expenses / (Income)	298	270	311	50	54	356	441	622	633	710	739
Other Special Charges / (Income)	0.31	0.72	-0.18	0.38	-0.40	-2.53	-3.89	0.05	0.91	4.48	-12
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	-15
Interest Expense	4.11	4.39	5.05	5.42	6.69	5.18	3.21	2.61	2.54	8.93	16
Interest & Investment Income	-	-	-	-	-	-	0.01	0.22	6.21	1.05	0.15
Other Income / (Expense), net	0.10	0.18	0.09	0.07	0.75	1.13	0.83	-0.05	2.06	1.73	1.48
Income Tax Expense	31	27	-1.38	31	33	38	80	111	111	114	82
Basic Earnings per Share	$2.21	$1.92	$3.57	$4.08	$4.38	$5.29	$9.62	$13.48	$13.32	$13.57	$9.54
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	26.74M
Diluted Earnings per Share	$2.16	$1.87	$3.49	$3.99	$4.30	$5.20	$9.48	$13.40	$13.26	$13.51	$9.52
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	26.79M
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	26.67M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	98	89	91	103	93	76	50	71	86	48	50
Consolidated Net Income / (Loss)	98	89	91	103	93	76	50	71	86	48	50
Net Income / (Loss) Continuing Operations	98	89	91	103	93	76	50	71	86	48	50
Total Pre-Tax Income	130	116	119	136	123	99	66	96	115	61	65
Total Operating Income	128	113	118	138	125	101	70	99	119	64	67
Total Gross Profit	431	167	413	451	378	176	398	426	379	216	349
Total Revenue	775	751	755	823	842	789	788	817	840	790	806
Operating Revenue	775	751	755	823	842	789	788	817	840	790	806
Total Cost of Revenue	345	585	342	372	464	613	389	391	460	574	458
Operating Cost of Revenue	345	585	342	372	464	613	389	391	460	574	458
Total Operating Expenses	302	54	295	313	253	74	328	327	261	152	282
Marketing Expense	18	19	17	19	19	22	22	23	24	25	23
Depreciation Expense	46	46	49	53	55	54	59	63	64	63	62
Other Operating Expenses / (Income)	238	-11	229	242	179	-4.94	247	241	187	64	196
Other Special Charges / (Income)	0.42	0.27	0.24	0.43	0.61	3.20	0.61	0.02	-14	0.51	0.98
Total Other Income / (Expense), net	1.81	2.95	1.00	-1.98	-2.49	-2.69	-4.60	-3.84	-3.79	-2.59	-1.77
Interest Expense	0.45	0.94	0.54	2.41	3.00	2.98	4.29	4.74	4.48	2.93	2.57
Interest & Investment Income	2.42	3.16	0.76	0.11	0.05	0.14	0.04	0.03	0.04	0.03	0.06
Other Income / (Expense), net	-0.16	0.72	0.79	0.33	0.46	0.16	-0.36	0.87	0.65	0.31	0.74
Income Tax Expense	32	26	28	33	30	23	16	24	29	14	15
Basic Earnings per Share	$3.69	$3.34	$3.40	$3.84	$3.47	$2.86	$1.86	$2.67	$3.23	$1.78	$1.86
Weighted Average Basic Shares Outstanding	26.64M	26.63M	26.67M	26.69M	26.70M	26.69M	26.72M	26.74M	26.75M	26.74M	26.76M
Diluted Earnings per Share	$3.67	$3.32	$3.38	$3.83	$3.46	$2.84	$1.86	$2.67	$3.22	$1.77	$1.86
Weighted Average Diluted Shares Outstanding	26.78M	26.76M	26.79M	26.80M	26.79M	26.80M	26.79M	26.79M	26.79M	26.79M	26.81M
Weighted Average Basic & Diluted Shares Outstanding	26.55M	26.59M	26.59M	26.59M	26.60M	26.63M	26.63M	26.64M	26.64M	26.67M	26.67M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-4.24	1.42	3.18	-2.53	-1.95	25	81	81	109	-277	0.25
Net Cash From Operating Activities	146	146	158	256	273	309	383	473	578	584	595
Net Cash From Continuing Operating Activities	146	146	158	256	273	312	383	473	576	584	595
Net Income / (Loss) Continuing Operations	55	48	91	105	114	138	253	357	355	362	255
Consolidated Net Income / (Loss)	55	48	91	105	114	138	253	357	355	362	255
Depreciation Expense	65	76	87	102	119	135	142	157	179	210	249
Non-Cash Adjustments To Reconcile Net Income	5.65	6.79	7.53	5.24	16	12	8.37	12	13	22	13
Changes in Operating Assets and Liabilities, net	21	15	-28	44	24	27	-21	-54	30	-11	79
Net Cash From Investing Activities	-108	-118	-182	-223	-281	-219	-278	-366	-449	-1,036	-553
Net Cash From Continuing Investing Activities	-108	-118	-182	-223	-281	-219	-278	-366	-449	-1,036	-553
Purchase of Property, Plant & Equipment	-86	-119	-187	-224	-288	-231	-286	-367	-440	-1,044	-568
Sale of Property, Plant & Equipment	0.82	1.68	5.17	1.09	6.62	12	8.40	1.92	2.73	2.69	24
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	-12	5.00	-8.39
Net Cash From Financing Activities	-42	-27	27	-36	6.21	-65	-23	-27	-20	175	-42
Net Cash From Continuing Financing Activities	-42	-27	27	-36	6.21	-65	-23	-27	-20	175	-42
Repayment of Debt	-292	-215	-237	-250	-350	-369	-64	-20	-16	-1,072	-1,028
Issuance of Debt	250	185	261	211	357	323	43	1.00	0.00	1,154	992
Issuance of Common Equity	-	-	-	-	-	-	-	0.00	0.00	100	0.00
Other Financing Activities, net	-0.59	2.52	3.23	2.77	-0.54	-19	-2.89	-7.24	-4.34	-6.53	-5.89

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	14	47	-284	-1.14	3.24	5.07	-2.94	2.30	17	-16	19
Net Cash From Operating Activities	125	162	106	131	182	165	109	171	178	137	140
Net Cash From Continuing Operating Activities	125	162	106	131	182	161	109	171	178	137	140
Net Income / (Loss) Continuing Operations	98	89	91	103	93	76	50	71	86	48	50
Consolidated Net Income / (Loss)	98	89	91	103	93	76	50	71	86	48	50
Depreciation Expense	46	46	49	53	55	54	59	63	64	63	62
Non-Cash Adjustments To Reconcile Net Income	4.26	2.34	3.62	7.05	5.61	2.44	6.50	6.72	-7.12	6.61	7.34
Changes in Operating Assets and Liabilities, net	-23	24	-37	-31	29	29	-6.28	30	35	20	20
Net Cash From Investing Activities	-111	-112	-452	-224	-192	-168	-202	-182	-71	-98	-64
Net Cash From Continuing Investing Activities	-111	-112	-452	-224	-192	-168	-202	-182	-71	-98	-64
Purchase of Property, Plant & Equipment	-114	-99	-457	-225	-193	-168	-203	-175	-90	-100	-66
Sale of Property, Plant & Equipment	1.61	0.59	0.34	0.30	1.44	0.62	0.83	1.14	20	1.78	2.39
Net Cash From Financing Activities	-0.08	-3.04	61	93	13	7.97	90	13	-91	-55	-56
Net Cash From Continuing Financing Activities	-0.08	-3.04	61	93	13	7.97	90	13	-91	-55	-56
Repayment of Debt	-2.43	-3.03	-53	-443	-383	-183	-349	-288	-201	-190	-265
Issuance of Debt	-	-	120	436	397	201	444	302	111	135	214
Other Financing Activities, net	2.34	-0.01	-5.98	-	-0.81	-9.94	-5.18	-0.10	-0.79	0.18	-5.45

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	2025
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	12/31/2025
Total Assets	729	800	967	1,134	1,416	1,549	1,845	2,175	2,584	3,167	3,483
Total Current Assets	159	166	203	213	232	272	416	531	649	436	435
Cash & Equivalents	0.12	1.54	4.72	2.19	0.25	25	107	187	296	19	20
Accounts Receivable	124	135	170	182	196	217	277	290	312	323	332
Prepaid Expenses	14	17	18	21	19	20	20	23	33	35	36
Current Deferred & Refundable Income Taxes	16	6.99	3.66	1.83	8.29	0.10	0.00	23	1.01	44	33
Other Current Assets	4.70	5.50	7.05	7.12	9.18	9.89	13	7.23	7.08	14	14
Plant, Property, & Equipment, net	539	604	736	893	1,053	1,136	1,280	1,483	1,763	2,557	2,844
Plant, Property & Equipment, gross	996	1,102	1,290	1,521	1,739	1,901	2,145	2,479	2,882	3,790	4,259
Accumulated Depreciation	456	498	554	628	687	765	864	996	1,118	1,233	1,415
Total Noncurrent Assets	31	30	28	27	131	141	149	161	172	174	204
Goodwill	12	12	12	12	12	12	19	18	17	16	16
Other Noncurrent Operating Assets	4.04	4.37	4.26	4.65	109	121	129	143	154	158	188
Total Liabilities & Shareholders' Equity	729	800	967	1,134	1,416	1,549	1,845	2,175	2,584	3,167	3,483
Total Liabilities	301	317	385	438	600	587	625	595	642	856	905
Total Current Liabilities	141	145	167	209	241	276	321	274	322	278	265
Short-Term Debt	12	17	14	18	19	21	19	15	10	5.31	0.98
Accounts Payable	55	45	57	79	84	89	114	100	142	115	107
Accrued Expenses	27	33	36	41	37	50	55	45	42	43	46
Current Employee Benefit Liabilities	28	32	40	48	50	55	73	67	76	50	51
Other Current Liabilities	19	18	20	23	52	61	60	48	53	65	60
Total Noncurrent Liabilities	160	172	218	229	359	312	304	321	320	577	640
Long-Term Debt	57	57	119	105	117	50	31	16	6.32	195	163
Noncurrent Deferred & Payable Income Tax Liabilities	67	80	59	87	112	120	124	146	156	219	284
Other Noncurrent Operating Liabilities	36	35	40	37	131	142	148	159	158	163	192
Commitments & Contingencies	0.00	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	2,578
Total Preferred & Common Equity	428	483	582	696	815	961	1,220	1,579	1,941	2,311	2,578
Preferred Stock	0.00	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	2,578
Common Stock	231	238	246	255	261	268	275	277	285	295	308
Retained Earnings	200	248	340	444	558	697	950	1,307	1,662	2,024	2,279
Other Equity Adjustments	-3.10	-3.19	-3.49	-3.38	-3.87	-2.94	-4.10	-5.25	-5.68	-7.98	-9.09

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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,140	2,243	2,337	2,485	2,766	2,957	3,082	3,365	3,458	3,501	3,564
Total Current Assets	551	514	579	646	416	446	437	470	451	497	499
Cash & Equivalents	150	166	235	249	12	11	14	17	19	36	39
Accounts Receivable	336	295	300	346	346	376	372	351	347	365	377
Prepaid Expenses	54	39	37	28	51	43	36	55	46	35	62
Current Deferred & Refundable Income Taxes	12	6.39	1.44	14	-	7.17	8.33	34	25	49	6.27
Other Current Assets	-	7.15	6.36	7.47	6.91	9.10	6.47	13	14	13	15
Plant, Property, & Equipment, net	1,439	1,568	1,608	1,673	2,177	2,341	2,482	2,722	2,812	2,814	2,853
Plant, Property & Equipment, gross	2,404	2,603	2,683	2,789	3,336	3,535	3,704	3,996	4,133	4,182	4,304
Accumulated Depreciation	965	1,035	1,076	1,116	1,160	1,194	1,222	1,273	1,322	1,368	1,451
Total Noncurrent Assets	150	161	151	166	173	170	163	173	195	190	211
Goodwill	18	18	18	18	17	17	17	16	16	16	15
Other Noncurrent Operating Assets	131	143	133	149	156	153	146	157	179	174	196
Total Liabilities & Shareholders' Equity	2,140	2,243	2,337	2,485	2,766	2,957	3,082	3,365	3,458	3,501	3,564
Total Liabilities	634	592	591	636	737	821	851	1,005	1,021	975	937
Total Current Liabilities	338	271	267	299	338	328	347	328	303	296	328
Short-Term Debt	16	14	12	11	7.50	7.58	6.76	3.77	1.97	1.20	0.76
Accounts Payable	115	108	98	113	153	156	161	155	129	113	147
Accrued Expenses	75	43	42	46	37	40	41	46	47	45	46
Current Employee Benefit Liabilities	79	55	63	78	55	63	71	58	62	72	70
Other Current Liabilities	54	50	52	52	85	62	67	66	63	64	64
Total Noncurrent Liabilities	295	321	324	337	399	493	504	677	718	679	609
Long-Term Debt	19	12	9.68	7.96	77	169	184	292	307	218	112
Noncurrent Deferred & Payable Income Tax Liabilities	125	152	159	163	158	160	162	224	237	287	294
Other Noncurrent Operating Liabilities	151	158	155	165	165	164	158	161	175	174	203
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	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	2,437	2,526	2,626
Total Preferred & Common Equity	1,506	1,651	1,746	1,849	2,029	2,136	2,231	2,360	2,437	2,526	2,626
Preferred Stock	0.00	0.00	0.00	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	2,437	2,526	2,626
Common Stock	275	273	277	282	282	288	291	295	301	303	306
Retained Earnings	1,236	1,383	1,475	1,573	1,753	1,855	1,948	2,074	2,145	2,232	2,329
Other Equity Adjustments	-5.24	-5.66	-5.63	-5.57	-5.93	-6.82	-7.88	-8.99	-9.42	-8.90	-9.10

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.01%	2.38%	12.34%	17.74%	8.04%	1.99%	25.59%	21.99%	3.20%	11.37%	0.79%
EBITDA Growth	7.10%	0.30%	16.94%	33.81%	11.94%	16.01%	51.11%	31.40%	2.19%	8.20%	-13.22%
EBIT Growth	4.99%	-11.94%	19.53%	49.00%	8.56%	18.34%	85.16%	40.02%	-1.68%	4.61%	-26.91%
NOPAT Growth	4.99%	-11.91%	89.57%	13.46%	8.44%	19.60%	80.22%	40.88%	-2.45%	4.64%	-27.41%
Net Income Growth	5.82%	-12.71%	89.76%	15.20%	8.32%	21.65%	83.05%	41.14%	-0.72%	2.03%	-29.56%
EPS Growth	5.88%	-13.43%	86.63%	14.33%	7.77%	20.93%	82.31%	41.35%	-1.04%	1.89%	-29.53%
Operating Cash Flow Growth	42.74%	0.41%	7.80%	62.46%	6.41%	13.29%	23.76%	23.64%	22.18%	1.00%	1.93%
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%	107.84%
Invested Capital Growth	11.48%	11.80%	27.97%	14.89%	16.52%	5.84%	15.61%	22.23%	16.78%	49.97%	9.22%
Revenue Q/Q Growth	-1.77%	3.69%	2.04%	2.90%	2.07%	1.87%	6.55%	1.40%	3.42%	1.19%	0.03%
EBITDA Q/Q Growth	-0.76%	1.54%	5.22%	6.40%	-0.24%	8.89%	11.23%	-0.02%	4.16%	-0.48%	-4.51%
EBIT Q/Q Growth	-3.15%	-0.60%	6.59%	7.58%	-3.36%	14.88%	16.06%	-0.81%	4.41%	-2.37%	-9.54%
NOPAT Q/Q Growth	-3.73%	-2.02%	69.51%	-17.52%	-3.45%	14.74%	15.12%	-1.01%	4.96%	-2.35%	-9.72%
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%	-10.08%
EPS Q/Q Growth	-5.68%	-3.61%	69.42%	-17.56%	-3.80%	15.81%	15.19%	-0.81%	5.32%	-3.43%	-10.10%
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%	-4.41%
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%	636.33%
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%	0.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.35%	37.28%	37.75%	20.09%	20.64%	39.38%	42.61%	46.80%	46.56%	46.24%	43.90%
EBITDA Margin	12.70%	12.44%	12.95%	14.72%	15.25%	17.35%	20.87%	22.48%	22.26%	21.63%	18.62%
Operating Margin	7.37%	6.33%	6.74%	8.54%	8.54%	9.89%	14.64%	16.85%	15.98%	15.02%	10.89%
EBIT Margin	7.37%	6.34%	6.75%	8.54%	8.58%	9.96%	14.68%	16.85%	16.05%	15.08%	10.94%
Profit (Net Income) Margin	4.50%	3.84%	6.49%	6.35%	6.36%	7.59%	11.06%	12.80%	12.32%	11.28%	7.89%
Tax Burden Percent	64.00%	64.10%	101.54%	77.29%	77.54%	78.48%	76.10%	76.36%	76.11%	76.06%	75.59%
Interest Burden Percent	95.44%	94.46%	94.67%	96.16%	95.64%	97.15%	99.05%	99.49%	100.79%	98.37%	95.39%
Effective Tax Rate	36.00%	35.90%	-1.54%	22.71%	22.46%	21.52%	23.90%	23.64%	23.89%	23.94%	24.41%
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%	10.21%
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%	3.32%
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%	0.22%
Return on Equity (ROE)	13.84%	10.54%	17.10%	16.42%	15.05%	15.57%	23.22%	25.53%	20.16%	17.03%	10.43%
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%	1.39%
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%	10.64%
Return on Assets (ROA)	7.88%	6.28%	10.31%	9.99%	8.92%	9.33%	14.92%	17.78%	14.92%	12.59%	7.67%
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%	10.43%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	58	51	96	109	118	142	255	359	350	367	266
NOPAT Margin	4.71%	4.06%	6.85%	6.60%	6.62%	7.77%	11.14%	12.87%	12.16%	11.43%	8.23%
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%	6.89%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.31%	17.90%	14.60%	9.71%
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%	56.10%
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	31.98%	30.95%	31.00%	11.55%	12.10%	29.49%	27.97%	29.95%	30.57%	31.22%	33.01%
Earnings before Interest and Taxes (EBIT)	90	79	95	141	153	181	336	470	463	484	354
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	156	182	243	272	316	478	628	641	694	602
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	3.37
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	3.40
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	2.69
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	34.11
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	9.84%	4.32%	5.05%	7.32%	4.71%	2.93%	2.85%	6.44%	3.05%	2.99%	2.93%
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	3.25
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	2.73
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	14.68
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	25.00
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	33.22
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	14.86
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	243.19
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	0.06
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	0.06
Financial Leverage	0.19	0.15	0.19	0.19	0.17	0.10	0.00	-0.08	-0.12	-0.02	0.07
Leverage Ratio	1.76	1.68	1.66	1.64	1.69	1.67	1.56	1.44	1.35	1.35	1.36
Compound Leverage Factor	1.68	1.59	1.57	1.58	1.61	1.62	1.54	1.43	1.36	1.33	1.30
Debt to Total Capital	13.88%	13.25%	18.58%	15.01%	14.34%	6.88%	3.97%	1.93%	0.84%	7.97%	5.98%
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%	0.04%
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%	5.95%
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	86.12%	86.75%	81.42%	84.99%	85.66%	93.12%	96.03%	98.07%	99.16%	92.03%	94.02%
Debt to EBITDA	0.44	0.47	0.73	0.50	0.50	0.22	0.11	0.05	0.03	0.29	0.27
Net Debt to EBITDA	0.44	0.46	0.70	0.50	0.50	0.14	-0.12	-0.25	-0.44	0.26	0.24
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	0.27
Debt to NOPAT	1.20	1.45	1.38	1.13	1.15	0.50	0.20	0.09	0.05	0.55	0.62
Net Debt to NOPAT	1.20	1.42	1.33	1.11	1.15	0.32	-0.22	-0.44	-0.80	0.49	0.54
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	0.61
Altman Z-Score	3.61	4.46	5.12	4.39	4.58	7.02	11.15	8.57	13.63	10.97	8.01
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	1.12	1.15	1.22	1.02	0.96	0.99	1.30	1.94	2.01	1.57	1.64
Quick Ratio	0.88	0.94	1.05	0.88	0.81	0.88	1.19	1.74	1.89	1.23	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6.42	-7.88	-59	3.27	-17	86	98	100	112	-464	36
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%	109.34%
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	2.21
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	36.18
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	3.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.64	1.59	1.57	1.40	1.23	1.35	1.39	1.21	1.12	0.97
Accounts Receivable Turnover	9.67	9.64	9.20	9.40	9.46	8.82	9.27	9.85	9.57	10.11	9.87
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	2.39	2.19	2.10	2.03	1.84	1.67	1.89	2.02	1.78	1.49	1.20
Accounts Payable Turnover	15.25	15.70	17.05	19.37	17.44	12.77	12.92	13.90	12.74	13.45	16.35
Days Sales Outstanding (DSO)	37.74	37.85	39.67	38.83	38.58	41.36	39.36	37.07	38.13	36.10	36.97
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)	23.93	23.25	21.41	18.84	20.93	28.58	28.26	26.27	28.64	27.13	22.33
Cash Conversion Cycle (CCC)	13.81	14.60	18.26	19.99	17.65	12.78	11.10	10.80	9.49	8.97	14.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	497	555	711	817	951	1,007	1,164	1,423	1,662	2,492	2,722
Invested Capital Turnover	2.59	2.38	2.22	2.17	2.02	1.86	2.11	2.16	1.87	1.55	1.24
Increase / (Decrease) in Invested Capital	51	59	155	106	135	56	157	259	239	830	230
Enterprise Value (EV)	628	1,185	1,932	1,555	2,551	4,775	8,820	5,392	11,354	12,301	8,844
Market Capitalization	559	1,113	1,803	1,434	2,415	4,729	8,876	5,549	11,634	12,120	8,699
Book Value per Share	$17.02	$19.16	$22.85	$27.08	$31.43	$36.75	$46.34	$59.68	$73.13	$86.91	$96.75
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	$96.17
Total Capital	497	557	715	819	952	1,032	1,271	1,610	1,958	2,512	2,742
Total Debt	69	74	133	123	136	71	50	31	16	200	164
Total Long-Term Debt	57	57	119	105	117	50	31	16	6.32	195	163
Net Debt	69	72	128	121	136	46	-56	-156	-280	181	144
Capital Expenditures (CapEx)	86	118	182	223	281	219	277	366	437	1,041	544
Debt-free, Cash-free Net Working Capital (DFCFNWC)	30	37	46	20	10	-8.78	7.72	84	41	143	150
Debt-free Net Working Capital (DFNWC)	30	38	50	22	11	17	114	271	337	163	170
Net Working Capital (NWC)	18	22	36	4.06	-8.87	-4.06	95	257	327	157	169
Net Nonoperating Expense (NNE)	2.57	2.70	5.04	4.13	4.60	3.17	1.80	1.86	-4.36	4.68	11
Net Nonoperating Obligations (NNO)	69	72	128	121	136	46	-56	-156	-280	181	144
Total Depreciation and Amortization (D&A)	65	76	87	102	119	135	142	157	179	210	249
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%	4.65%
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%	5.26%
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%	5.23%
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	$9.54
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	26.74M
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	$9.52
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	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	25.19M	25.44M	25.68M	25.85M	26.04M	26.33M	26.40M	26.53M	26.59M	26.63M	26.67M
Normalized Net Operating Profit after Tax (NOPAT)	58	51	66	109	118	140	252	359	351	370	257
Normalized NOPAT Margin	4.73%	4.09%	4.71%	6.62%	6.60%	7.66%	11.01%	12.87%	12.19%	11.53%	7.94%
Pre Tax Income Margin	7.04%	5.99%	6.39%	8.21%	8.21%	9.67%	14.54%	16.76%	16.18%	14.83%	10.43%
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	21.51
NOPAT to Interest Expense	14.02	11.54	19.04	20.14	17.69	27.33	79.40	137.60	138.26	41.07	16.19
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	-11.58
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	-16.90
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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	26,669,522.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	26,669,522.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.25%	14.55%	14.27%	18.52%	8.64%	5.04%	4.35%	-0.74%	-0.29%	0.13%	2.37%
EBITDA Growth	2.96%	19.18%	17.56%	14.80%	3.68%	-2.12%	-23.09%	-14.51%	1.67%	-18.25%	0.68%
EBIT Growth	0.05%	20.82%	19.12%	13.75%	-2.06%	-10.36%	-41.19%	-27.30%	-5.07%	-36.70%	-3.24%
NOPAT Growth	-1.57%	23.47%	18.13%	14.87%	-2.29%	-10.10%	-40.73%	-28.61%	-5.78%	-36.65%	-3.90%
Net Income Growth	0.33%	25.92%	19.18%	12.26%	-5.56%	-14.71%	-45.08%	-30.36%	-6.93%	-37.56%	0.12%
EPS Growth	0.00%	25.28%	18.60%	11.99%	-5.72%	-14.46%	-44.97%	-30.29%	-6.94%	-37.68%	0.00%
Operating Cash Flow Growth	-8.30%	25.38%	-10.73%	-24.03%	45.54%	1.89%	2.45%	30.56%	-2.13%	-16.65%	28.02%
Free Cash Flow Firm Growth	39.15%	19.39%	-108.36%	-385.95%	-430.87%	-395.32%	2.86%	47.23%	69.39%	76.02%	98.11%
Invested Capital Growth	16.36%	16.78%	39.02%	50.18%	48.72%	49.97%	25.65%	18.47%	12.53%	9.22%	2.29%
Revenue Q/Q Growth	11.59%	-3.10%	0.49%	9.07%	2.29%	-6.31%	-0.17%	3.75%	2.76%	-5.92%	2.06%
EBITDA Q/Q Growth	4.82%	-8.52%	5.33%	13.67%	-5.34%	-13.64%	-17.24%	26.36%	12.58%	-30.56%	1.93%
EBIT Q/Q Growth	5.80%	-11.61%	4.69%	16.19%	-8.91%	-19.10%	-31.31%	43.63%	18.94%	-46.06%	4.99%
NOPAT Q/Q Growth	6.95%	-10.21%	3.42%	15.66%	-9.02%	-17.39%	-31.81%	39.30%	20.07%	-44.46%	3.45%
Net Income Q/Q Growth	7.55%	-9.15%	1.64%	13.04%	-9.53%	-17.95%	-34.55%	43.33%	20.91%	-44.95%	4.95%
EPS Q/Q Growth	7.31%	-9.54%	1.81%	13.31%	-9.66%	-17.92%	-34.51%	43.55%	20.60%	-45.03%	5.08%
Operating Cash Flow Q/Q Growth	-27.46%	29.48%	-34.15%	22.83%	38.96%	-9.35%	-33.79%	56.54%	4.16%	-22.80%	1.69%
Free Cash Flow Firm Q/Q Growth	4.43%	-16.11%	-229.09%	-33.07%	-4.40%	-8.34%	35.46%	27.71%	39.44%	15.14%	94.91%
Invested Capital Q/Q Growth	5.65%	2.63%	26.41%	9.56%	4.63%	3.49%	5.91%	3.31%	-0.63%	0.45%	-0.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.54%	22.18%	54.73%	54.78%	52.72%	22.29%	50.58%	52.15%	45.17%	27.37%	43.24%
EBITDA Margin	22.43%	21.18%	22.20%	23.13%	21.41%	19.74%	16.36%	19.93%	21.83%	16.11%	16.09%
Operating Margin	16.57%	15.00%	15.62%	16.71%	14.86%	12.86%	8.91%	12.16%	14.13%	8.10%	8.29%
EBIT Margin	16.55%	15.10%	15.73%	16.75%	14.92%	12.88%	8.86%	12.27%	14.20%	8.14%	8.38%
Profit (Net Income) Margin	12.67%	11.88%	12.02%	12.45%	11.01%	9.65%	6.32%	8.74%	10.28%	6.02%	6.19%
Tax Burden Percent	75.41%	77.18%	76.27%	75.59%	75.60%	77.03%	75.97%	74.70%	75.17%	77.35%	76.68%
Interest Burden Percent	101.53%	101.96%	100.18%	98.33%	97.65%	97.21%	93.92%	95.30%	96.28%	95.49%	96.28%
Effective Tax Rate	24.59%	22.82%	23.73%	24.41%	24.40%	22.97%	24.03%	25.30%	24.83%	22.65%	23.32%
Return on Invested Capital (ROIC)	23.12%	21.63%	19.63%	20.46%	17.70%	15.31%	9.26%	11.70%	13.42%	7.78%	7.74%
ROIC Less NNEP Spread (ROIC-NNEP)	22.33%	20.58%	17.39%	26.67%	24.71%	19.49%	7.26%	10.44%	11.84%	6.55%	6.97%
Return on Net Nonoperating Assets (RNNOA)	-2.30%	-2.55%	-0.32%	-0.33%	-0.33%	-0.45%	0.58%	1.04%	0.90%	0.44%	0.49%
Return on Equity (ROE)	20.83%	19.08%	19.31%	20.13%	17.37%	14.86%	9.84%	12.74%	14.31%	8.21%	8.24%
Cash Return on Invested Capital (CROIC)	7.06%	7.24%	-12.48%	-20.41%	-20.53%	-22.32%	-8.80%	-4.96%	-0.27%	1.39%	7.63%
Operating Return on Assets (OROA)	19.93%	18.28%	18.69%	19.65%	17.00%	14.38%	9.37%	12.38%	13.95%	7.92%	7.87%
Return on Assets (ROA)	15.26%	14.39%	14.28%	14.60%	12.55%	10.77%	6.69%	8.81%	10.10%	5.85%	5.81%
Return on Common Equity (ROCE)	20.83%	19.08%	19.31%	20.13%	17.37%	14.86%	9.84%	12.74%	14.31%	8.21%	8.24%
Return on Equity Simple (ROE_SIMPLE)	18.19%	0.00%	18.21%	17.82%	16.81%	0.00%	13.61%	11.90%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	97	87	90	104	95	78	53	74	89	50	51
NOPAT Margin	12.49%	11.58%	11.92%	12.63%	11.24%	9.91%	6.77%	9.09%	10.62%	6.27%	6.35%
Net Nonoperating Expense Percent (NNEP)	0.79%	1.04%	2.24%	-6.21%	-7.01%	-4.18%	1.99%	1.26%	1.58%	1.23%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	-	4.44%	-	-	-	3.11%	2.01%	2.70%	3.25%	1.81%	1.87%
Cost of Revenue to Revenue	44.46%	77.82%	45.27%	45.22%	47.28%	77.71%	49.42%	47.85%	54.83%	72.63%	56.76%
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%	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	38.97%	7.18%	39.10%	38.07%	37.86%	9.43%	41.67%	39.99%	31.04%	19.26%	34.95%
Earnings before Interest and Taxes (EBIT)	128	113	119	138	126	102	70	100	119	64	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	159	168	190	180	156	129	163	183	127	130
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.72	5.99	7.65	5.90	5.21	5.24	3.94	3.00	3.16	3.37	3.57
Price to Tangible Book Value (P/TBV)	5.77	6.05	7.72	5.95	5.25	5.28	3.97	3.01	3.18	3.40	3.59
Price to Revenue (P/Rev)	3.80	4.04	5.22	4.06	3.67	3.78	2.87	2.26	2.47	2.69	2.88
Price to Earnings (P/E)	31.44	32.78	42.04	33.13	30.99	33.48	28.97	25.16	28.11	34.11	36.73
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	3.18%	3.05%	2.38%	3.02%	3.23%	2.99%	3.45%	3.97%	3.56%	2.93%	2.72%
Enterprise Value to Invested Capital (EV/IC)	6.39	6.83	7.43	5.55	4.90	4.94	3.63	2.78	3.01	3.25	3.50
Enterprise Value to Revenue (EV/Rev)	3.71	3.94	5.24	4.12	3.72	3.83	2.96	2.35	2.52	2.73	2.90
Enterprise Value to EBITDA (EV/EBITDA)	16.80	17.70	23.41	18.49	16.93	17.72	14.63	12.09	12.93	14.68	15.65
Enterprise Value to EBIT (EV/EBIT)	23.36	24.55	32.40	25.64	23.81	25.42	22.03	19.10	20.86	25.00	26.87
Enterprise Value to NOPAT (EV/NOPAT)	30.99	32.39	42.83	33.82	31.43	33.54	29.03	25.26	27.66	33.22	35.74
Enterprise Value to Operating Cash Flow (EV/OCF)	18.98	19.65	27.61	24.39	20.33	21.07	16.35	12.12	13.11	14.86	15.09
Enterprise Value to Free Cash Flow (EV/FCFF)	97.33	101.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	243.19	46.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.04	0.08	0.09	0.09	0.13	0.13	0.09	0.06	0.04
Long-Term Debt to Equity	0.00	0.00	0.04	0.08	0.08	0.08	0.12	0.13	0.09	0.06	0.04
Financial Leverage	-0.10	-0.12	-0.02	-0.01	-0.01	-0.02	0.08	0.10	0.08	0.07	0.07
Leverage Ratio	1.38	1.35	1.36	1.36	1.36	1.35	1.40	1.40	1.38	1.36	1.39
Compound Leverage Factor	1.40	1.38	1.36	1.34	1.33	1.31	1.31	1.34	1.33	1.30	1.34
Debt to Total Capital	1.01%	0.84%	3.98%	7.64%	7.88%	7.97%	11.13%	11.26%	7.98%	5.98%	4.12%
Short-Term Debt to Total Capital	0.59%	0.52%	0.35%	0.33%	0.28%	0.21%	0.14%	0.07%	0.04%	0.04%	0.03%
Long-Term Debt to Total Capital	0.43%	0.32%	3.62%	7.31%	7.60%	7.76%	10.99%	11.19%	7.94%	5.95%	4.09%
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	98.99%	99.16%	96.02%	92.36%	92.12%	92.03%	88.87%	88.74%	92.02%	94.02%	95.88%
Debt to EBITDA	0.03	0.03	0.13	0.26	0.27	0.29	0.45	0.49	0.35	0.27	0.19
Net Debt to EBITDA	-0.37	-0.44	0.11	0.24	0.25	0.26	0.43	0.46	0.29	0.24	0.12
Long-Term Debt to EBITDA	0.01	0.01	0.11	0.24	0.26	0.28	0.45	0.49	0.35	0.27	0.19
Debt to NOPAT	0.06	0.05	0.23	0.47	0.51	0.55	0.90	1.03	0.74	0.62	0.43
Net Debt to NOPAT	-0.69	-0.80	0.20	0.44	0.47	0.49	0.85	0.97	0.62	0.54	0.28
Long-Term Debt to NOPAT	0.02	0.02	0.21	0.45	0.49	0.53	0.88	1.02	0.74	0.61	0.42
Altman Z-Score	12.33	13.18	14.79	11.35	10.28	10.57	7.50	6.24	6.90	7.73	7.94
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	2.16	2.01	1.23	1.36	1.26	1.57	1.43	1.49	1.68	1.64	1.52
Quick Ratio	1.99	1.89	1.06	1.18	1.12	1.23	1.12	1.21	1.35	1.33	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-131	-152	-500	-665	-694	-752	-485	-351	-213	-180	-9.17
Operating Cash Flow to CapEx	111.59%	163.70%	23.31%	58.26%	94.67%	98.27%	53.98%	98.40%	252.25%	140.04%	219.12%
Free Cash Flow to Firm to Interest Expense	-288.06	-162.41	-922.01	-275.70	-231.66	-252.49	-113.29	-74.00	-47.41	-61.47	-3.56
Operating Cash Flow to Interest Expense	275.03	172.92	196.44	54.22	60.63	55.30	25.45	36.01	39.67	46.80	54.25
Operating Cash Flow Less CapEx to Interest Expense	28.57	67.29	-646.41	-38.84	-3.41	-0.97	-21.70	-0.58	23.94	13.38	29.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.20	1.21	1.19	1.17	1.14	1.12	1.06	1.01	0.98	0.97	0.94
Accounts Receivable Turnover	8.18	9.57	9.29	9.19	8.83	10.11	9.30	8.95	8.77	9.87	8.94
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	1.79	1.78	1.59	1.57	1.53	1.49	1.32	1.26	1.22	1.20	1.17
Accounts Payable Turnover	12.97	12.74	12.09	12.95	12.39	13.45	11.49	12.59	13.06	16.35	12.46
Days Sales Outstanding (DSO)	44.64	38.13	39.30	39.71	41.34	36.10	39.23	40.78	41.64	36.97	40.85
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)	28.15	28.64	30.19	28.19	29.46	27.13	31.76	28.99	27.94	22.33	29.29
Cash Conversion Cycle (CCC)	16.50	9.49	9.10	11.51	11.88	8.97	7.47	11.79	13.70	14.64	11.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,619	1,662	2,101	2,302	2,408	2,492	2,639	2,727	2,710	2,722	2,700
Invested Capital Turnover	1.85	1.87	1.65	1.62	1.57	1.55	1.37	1.29	1.26	1.24	1.22
Increase / (Decrease) in Invested Capital	228	239	590	769	789	830	539	425	302	230	60
Enterprise Value (EV)	10,348	11,354	15,602	12,776	11,803	12,301	9,584	7,588	8,157	8,844	9,442
Market Capitalization	10,578	11,634	15,531	12,610	11,627	12,120	9,305	7,297	7,974	8,699	9,368
Book Value per Share	$69.70	$73.13	$76.07	$80.34	$83.92	$86.91	$88.64	$91.48	$94.83	$96.75	$98.47
Tangible Book Value per Share	$69.04	$72.48	$75.43	$79.71	$83.30	$86.29	$88.03	$90.88	$94.24	$96.17	$97.90
Total Capital	1,868	1,958	2,113	2,313	2,422	2,512	2,656	2,746	2,745	2,742	2,739
Total Debt	19	16	84	177	191	200	296	309	219	164	113
Total Long-Term Debt	7.96	6.32	77	169	184	195	292	307	218	163	112
Net Debt	-230	-280	72	166	177	181	279	290	184	144	74
Capital Expenditures (CapEx)	112	99	457	224	192	168	202	174	71	98	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	108	41	74	115	83	143	129	131	167	150	132
Debt-free Net Working Capital (DFNWC)	357	337	86	126	97	163	146	150	202	170	172
Net Working Capital (NWC)	346	327	78	118	91	157	142	148	201	169	171
Net Nonoperating Expense (NNE)	-1.37	-2.27	-0.76	1.49	1.88	2.07	3.50	2.86	2.85	2.00	1.36
Net Nonoperating Obligations (NNO)	-230	-280	72	166	177	181	279	290	184	144	74
Total Depreciation and Amortization (D&A)	46	46	49	53	55	54	59	63	64	63	62
Debt-free, Cash-free Net Working Capital to Revenue	3.88%	1.41%	2.48%	3.69%	2.62%	4.46%	3.98%	4.06%	5.16%	4.65%	4.07%
Debt-free Net Working Capital to Revenue	12.83%	11.69%	2.89%	4.05%	3.07%	5.07%	4.49%	4.65%	6.26%	5.26%	5.28%
Net Working Capital to Revenue	12.43%	11.34%	2.64%	3.81%	2.86%	4.91%	4.38%	4.58%	6.22%	5.23%	5.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.69	$3.34	$3.40	$3.84	$3.47	$2.86	$1.86	$2.67	$3.23	$1.78	$1.86
Adjusted Weighted Average Basic Shares Outstanding	26.64M	26.63M	26.67M	26.69M	26.70M	26.69M	26.72M	26.74M	26.75M	26.74M	26.76M
Adjusted Diluted Earnings per Share	$3.67	$3.32	$3.38	$3.83	$3.46	$2.84	$1.86	$2.67	$3.22	$1.77	$1.86
Adjusted Weighted Average Diluted Shares Outstanding	26.78M	26.76M	26.79M	26.80M	26.79M	26.80M	26.79M	26.79M	26.79M	26.79M	26.81M
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	26.55M	26.59M	26.59M	26.59M	26.60M	26.63M	26.63M	26.64M	26.64M	26.67M	26.67M
Normalized Net Operating Profit after Tax (NOPAT)	97	87	90	104	95	81	54	74	79	50	52
Normalized NOPAT Margin	12.53%	11.60%	11.94%	12.67%	11.29%	10.22%	6.83%	9.09%	9.40%	6.32%	6.45%
Pre Tax Income Margin	16.80%	15.39%	15.75%	16.47%	14.57%	12.52%	8.32%	11.70%	13.68%	7.78%	8.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	282.55	121.27	219.00	57.18	41.92	34.12	16.29	21.15	26.60	21.93	26.24
NOPAT to Interest Expense	213.32	93.00	165.93	43.12	31.58	26.24	12.44	15.66	19.89	16.88	19.90
EBIT Less CapEx to Interest Expense	36.09	15.64	-623.84	-35.88	-22.13	-22.16	-30.86	-15.44	10.88	-11.49	1.48
NOPAT Less CapEx to Interest Expense	-33.14	-12.63	-676.92	-49.93	-32.47	-30.03	-34.72	-20.93	4.16	-16.54	-4.86
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%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from SAIA's recent quarterly statements, focusing on trends over the last four years in revenue, profitability, cash flow, and leverage.

Net cash from continuing operating activities has remained solid across 2025 quarters, demonstrating durable operating cash flow (for example, around $177.9M in Q3 2025 and about $137.3M in Q4 2025).
Cash and cash equivalents generally increased through 2025, signaling improved near-term liquidity (notably higher cash balances by mid-2025 relative to early 2025).
Debt issuance in mid-2025 supported financing activity, with visible positive financing cash flow in Q2 2025 and Q1 2025, adding flexibility to fund ongoing investments.
Revenue remains roughly in the $0.8B per quarter range in recent periods (Q4 2025: $789.95M; Q4 2024: $788.95M), indicating stable scale despite quarterly swings.
Gross margin displays notable volatility across quarters (for example, a relatively high gross margin in some 2025 quarters versus lower margins in others), suggesting mix effects or one-off items impacting profitability.
Capital expenditures (PPE purchases) remain a substantial cash outflow in 2025, reflecting ongoing fleet and asset investments that pressure near-term free cash flow.
Net income in Q4 2025 declined versus the prior-year quarter (about $47.5M in Q4 2025 vs around $76.1M in Q4 2024), signaling some near-term earnings pressure at year-end.
Investing activities were cash drains in many quarters due to long-term asset purchases, contributing to negative free cash flow in several periods.
Debt levels swing with issuances and repayments, introducing financing-related earnings and balance-sheet volatility across quarters.
The equity base has remained robust, with total equity generally in the low-to-mid $2B range across 2023–2025, providing a solid buffer to weather cyclicality.

05/23/26 06:43 PM ETAI Generated. May Contain Errors.

Saia Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Saia's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Saia's net income appears to be on an upward trend, with a most recent value of $255.04 million in 2025, rising from $55.02 million in 2015. The previous period was $362.07 million in 2024. Find out what analysts predict for Saia in the coming months.

Saia's total operating income in 2025 was $352.20 million, based on the following breakdown:

Total Gross Profit: $1.42 billion
Total Operating Expenses: $1.07 billion

Over the last 10 years, Saia's total revenue changed from $1.22 billion in 2015 to $3.23 billion in 2025, a change of 164.8%.

Saia's total liabilities were at $904.98 million at the end of 2025, a 5.8% increase from 2024, and a 200.4% increase since 2015.

In the past 10 years, Saia's cash and equivalents has ranged from $124 thousand in 2015 to $296.22 million in 2023, and is currently $19.72 million as of their latest financial filing in 2025.

Over the last 10 years, Saia's book value per share changed from 17.02 in 2015 to 96.75 in 2025, a change of 468.4%.

Related Companies

Financial statements for NASDAQ:SAIA last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Saia (SAIA) Financials

Financials Breakdown Chart

Key Financial Trends

Saia Financials - Frequently Asked Questions

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Saia (SAIA) Financials

Annual Income Statements for Saia

Quarterly Income Statements for Saia

Annual Cash Flow Statements for Saia

Quarterly Cash Flow Statements for Saia

Annual Balance Sheets for Saia

Quarterly Balance Sheets for Saia

Annual Metrics And Ratios for Saia

Quarterly Metrics And Ratios for Saia

Financials Breakdown Chart

Key Financial Trends

Saia Financials - Frequently Asked Questions

When does Saia's financial year end?

How has Saia's net income changed over the last 10 years?

What is Saia's operating income?

How has Saia's revenue changed over the last 10 years?

How much debt does Saia have?

How much cash does Saia have?

How has Saia's book value per share changed over the last 10 years?

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