Skip to content
stoqly

Saia

SAIA Nasdaq Cargo Ground Transportation Financials FY2016–FY2025

Saia's revenue rose 0.8% to $3.2 billion in fiscal 2025. Its operating margin was 10.9%, down from 15.0% a year earlier. Free cash flow was $27 million.

Last close · Oct 23, 2026

$332.14

3.6%
Value it Compare
Revenue Total sales reported in the income statement.
$3.2B
0.8% vs prior year
Operating margin Operating income as a share of revenue.
10.9%
4.1 pts
Net income Profit after all expenses, interest and tax.
$255M
29.6%
Free cash flow Cash from operations minus capital spending.
$27.3M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
10.2%
7.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
32.1x
On $10.36 EPS (TTM)

What Saia does

No business description yet.

Legal name
Saia, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001193125-26-067030
0001177702

Revenue and margins

Saia had $3.2B of revenue in fiscal 2025, up 0.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 19.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $27.3M in fiscal 2025, 0.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Saia returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count fell 0.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Saia yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$144M and divides by 26.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 32.1x · peers 45.8x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Saia can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $107M$187M$296M$19.5M$19.7M
Debt incl. finance leases $50.4M$31.0M$16.5M$200M$164M
Net debt / EBITDA −0.1x−0.3x−0.4x0.3x0.2x
Debt / equity 0.0x0.0x0.0x0.1x0.1x
Interest coverage 104.3x180.2x181.7x54.0x21.4x
Current ratio 1.3x1.9x2.0x1.6x1.6x
Quick ratio 1.3x1.9x2.0x1.6x1.6x
Total assets $1.8B$2.2B$2.6B$3.2B$3.5B
Total liabilities $625M$595M$642M$856M$905M
Shareholders' equity $1.2B$1.6B$1.9B$2.3B$2.6B
Net debt (− = net cash) −$56.2M−$156M−$280M$181M$144M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.1M

1 insider

Sold, 12 months

$6.9M

8 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
May 20, 2026 Anthony R NorwoodEVP & CHRO Sold 292 $468.77 $0.1M Form 4
Feb 17, 2026 Di-Ann EisnorDirector Sold 500 $389.88 $0.2M Form 4
Feb 13, 2026 Frederick J Holzgrefe IIIPresident & CEO Sold 4,775 $388.80 $1.9M Form 4
Feb 13, 2026 Kelly W BentonVP & CAO Sold 800 $389.00 $0.3M Form 4
Feb 13, 2026 Matthew J BattehChief Financial Officer Sold 916 $389.03 $0.4M Form 4
Feb 13, 2026 Patrick D SugarEVP Operations Sold 2,706 $386.74 $1.0M Form 4
Feb 13, 2026 Raymond R RamuExec. VP & Chief Customer Off. Sold 5,226 $387.95 $2.0M Form 4
Feb 12, 2026 Matthew J BattehChief Financial Officer Sold 1,110 $375.71 $0.4M Form 4
Dec 8, 2025 Di-Ann EisnorDirector Sold 297 $336.73 $0.1M Form 4
Dec 2, 2025 Kelly W BentonVP & CAO Sold 1,000 $314.43 $0.3M Form 4
Nov 26, 2025 Donna E EppsDirector Bought 422 $277.60 $0.1M Form 4
Nov 26, 2025 Donna E EppsDirector Sold 422 $277.43 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✕ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✕
F-score 4 / 83 / 86 / 8
Accruals ratio −9.4%−7.7%−10.2%
Altman Z'' 7.306.276.12

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Saia SAIA $8.9B 0.8% 10.9% 0.9% 10.2% 32.1x 6
Landstar System LSTR $5.6B −1.6% 3.2% 4.5% 24.9% 45.8x 4 Compare →
Old Dominion ODFL $38.1B −5.5% 24.8% 17.4% 24.3% 35.1x 6 Compare →
Knight-Swift KNX $10.0B 0.8% 2.9% 16.9% 1.6% — 6 Compare →
XPO XPO $21.6B 1.1% 8.0% 4.0% 9.5% 54.2x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.3B $1.4B $1.7B $1.8B $1.8B $2.3B $2.8B $2.9B $3.2B $3.2B
Operating income $79.1M $94.7M $141M $153M $180M $335M $471M $461M $482M $352M
Interest expense $4.4M $5.1M $5.4M $6.7M $5.2M $3.2M $2.6M $2.5M $8.9M $16.4M
Pretax income $74.9M $89.8M $136M $147M $176M $333M $468M $466M $476M $337M
Income tax $26.9M −$1.4M $30.9M $32.9M $37.9M $79.5M $111M $111M $114M $82.4M
Net income $48.0M $91.1M $105M $114M $138M $253M $357M $355M $362M $255M
Diluted EPS $1.87 $3.49 $3.99 $4.30 $5.20 $9.48 $13.40 $13.26 $13.51 $9.52
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $146M $158M $256M $273M $309M $383M $473M $578M $584M $595M
Capital expenditure $119M $187M $224M $288M $231M $286M $367M $440M $1.0B $568M
Free cash flow $27.1M −$28.9M $32.8M −$14.8M $78.0M $96.9M $106M $138M −$460M $27.3M
Depreciation and amortization $76.2M $87.1M $102M $119M $135M $142M $157M $179M $210M $249M
Stock-based compensation $4.6M $5.1M $5.6M $6.2M $7.5M $8.7M $8.8M $11.6M $14.2M $17.4M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $1.5M $4.7M $2.2M $0.2M $25.3M $107M $187M $296M $19.5M $19.7M
Total debt $73.8M $133M $123M $136M $71.0M $0.0M $0.0M $0.0M $194M $163M
Finance lease liabilities $0.0M $0.0M $103M $90.5M $71.0M $50.4M $31.0M $16.5M $6.3M $1.0M
Current assets $166M $203M $213M $232M $272M $416M $531M $649M $436M $435M
Current liabilities $145M $167M $209M $241M $276M $321M $274M $322M $278M $265M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $604M $736M $893M $1.1B $1.1B $1.3B $1.5B $1.8B $2.6B $2.8B
Total assets $800M $967M $1.1B $1.4B $1.5B $1.8B $2.2B $2.6B $3.2B $3.5B
Total liabilities $317M $385M $438M $601M $588M $625M $595M $642M $856M $905M
Shareholders' equity $483M $583M $696M $815M $961M $1.2B $1.6B $1.9B $2.3B $2.6B
Margins
Operating margin 6.3% 6.7% 8.5% 8.5% 9.9% 14.6% 16.9% 16.0% 15.0% 10.9%
EBITDA margin 12.4% 12.9% 14.7% 15.2% 17.3% 20.8% 22.5% 22.2% 21.6% 18.6%
Net margin 3.8% 6.5% 6.4% 6.4% 7.6% 11.1% 12.8% 12.3% 11.3% 7.9%
FCF margin 2.2% −2.1% 2.0% −0.8% 4.3% 4.2% 3.8% 4.8% −14.3% 0.9%
Returns
Return on capital 9.6% 15.0% 14.3% 13.4% 14.5% 23.5% 27.8% 22.7% 17.7% 10.2%
Return on capital employed 12.7% 13.0% 16.4% 14.5% 14.7% 24.0% 27.5% 22.1% 18.7% 11.5%
Return on equity 10.5% 17.1% 16.4% 15.1% 15.6% 23.2% 25.5% 20.2% 17.0% 10.4%
Return on assets 6.3% 10.3% 10.0% 8.9% 9.3% 14.9% 17.8% 14.9% 12.6% 7.7%
Growth
Revenue growth — 12.3% 17.7% 8.0% 2.0% 25.6% 22.0% 3.2% 11.4% 0.8%
Net income growth −12.7% 89.8% 15.2% 8.3% 21.7% 83.1% 41.1% −0.7% 2.0% −29.6%
EPS growth −13.4% 86.6% 14.3% 7.8% 20.9% 82.3% 41.4% −1.0% 1.9% −29.5%
FCF growth −54.4% −206.6% — −145.1% — 24.2% 9.0% 30.8% −433.1% —
Share count change 0.8% 1.6% 0.8% 0.6% 0.6% 0.4% −0.1% 0.3% 0.2% −0.1%
Financial health
Net debt / EBITDA 0.5x 0.7x 0.5x 0.5x 0.1x −0.1x −0.3x −0.4x 0.3x 0.2x
Debt / equity 0.2x 0.2x 0.2x 0.2x 0.1x 0.0x 0.0x 0.0x 0.1x 0.1x
Interest coverage 18.0x 18.8x 26.1x 22.8x 34.8x 104.3x 180.2x 181.7x 54.0x 21.4x
Current ratio 1.2x 1.2x 1.0x 1.0x 1.0x 1.3x 1.9x 2.0x 1.6x 1.6x
Quick ratio 1.2x 1.2x 1.0x 1.0x 1.0x 1.3x 1.9x 2.0x 1.6x 1.6x
Capital allocation
Capex / revenue 9.6% 13.3% 13.5% 16.1% 12.7% 12.5% 13.2% 15.3% 32.5% 17.6%
Stock comp / revenue 0.4% 0.4% 0.3% 0.4% 0.4% 0.4% 0.3% 0.4% 0.4% 0.5%
Payouts / FCF 0.0% — 0.0% — 0.0% 0.0% 0.0% 0.0% — 0.0%
Quality scores
Piotroski F-score — 6.0 4.0 4.0 5.0 7.0 7.0 4.0 3.0 6.0
Altman Z'' 3.5 3.6 3.8 3.4 4.0 5.3 7.0 7.3 6.3 6.1
Accruals ratio −12.9% −7.6% −14.4% −12.5% −11.5% −7.6% −5.8% −9.4% −7.7% −10.2%

Source: SEC EDGAR XBRL filings (CIK 0001177702). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open