Saia, Inc. (SAIA) 10-Year Financial Performance & Capital Metrics

SAIA • • Industrial / General

IndustrialsTruckingLess-Than-Truckload (LTL) CarriersNational LTL Networks

AboutSaia, Inc., through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2006. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.Show more

Revenue $3.21B +11.4%
EBITDA $692M +8.3%
Net Income $362M +2.0%
EPS (Diluted) 13.52 +2.0%
Gross Margin 20.08% -3.4%
EBITDA Margin 21.57% -2.8%
Operating Margin 15.02% -6.0%
Net Margin 11.28% -8.4%
ROE 17.03% -15.5%
ROIC 16.44% -20.8%
Debt/Equity 0.14 +96.5%
Interest Coverage 53.99 -70.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.9%
✓Strong 5Y profit CAGR of 26.1%
✓Momentum leader: RS Rating 80 (top 20%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.4%
✓Healthy 5Y average net margin of 11.0%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.69%

5Y12.43%

3Y11.93%

TTM1.96%

Profit (Net Income) CAGR

10Y21.42%

5Y26.06%

3Y12.66%

TTM-24.41%

EPS CAGR

10Y20.82%

5Y25.75%

3Y12.56%

TTM-24.36%

ROCE

10Y Avg17.94%

5Y Avg21.41%

3Y Avg22.78%

Latest18.72%

Peer Comparison

National LTL Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODFLOld Dominion Freight Line, Inc.	35.89B	171.65	31.32	-0.88%	18.97%	24.8%	2.47%	0.04
SAIASaia, Inc.	9.5B	356.58	26.37	11.37%	8.77%	11.23%		0.14
ARCBArcBest Corporation	1.97B	87.51	11.99	-5.61%	2.41%	7.35%	2.33%	0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.22B	1.25B	1.4B	1.65B	1.79B	1.82B	2.29B	2.79B	2.88B	3.21B
Revenue Growth %	-0.04%	0.02%	0.12%	0.18%	0.08%	0.02%	0.26%	0.22%	0.03%	0.11%
Cost of Goods Sold+	1.07B	1.09B	1.23B	1.42B	1.54B	1.54B	1.84B	2.2B	2.28B	2.56B
COGS % of Revenue	0.87%	0.87%	0.88%	0.86%	0.86%	0.84%	0.8%	0.79%	0.79%	0.8%
Gross Profit+	154.12M	159.5M	175.02M	230.07M	249.65M	283.85M	451.69M	590.96M	598.93M	644.41M
Gross Margin %	0.13%	0.13%	0.12%	0.14%	0.14%	0.16%	0.2%	0.21%	0.21%	0.2%
Gross Profit Growth %	-0.03%	0.03%	0.1%	0.31%	0.09%	0.14%	0.59%	0.31%	0.01%	0.08%
Operating Expenses+	64.14M	80.37M	80.31M	88.89M	97.07M	103.53M	116.55M	120.47M	138.44M	162.25M
OpEx % of Revenue	0.05%	0.06%	0.06%	0.05%	0.05%	0.06%	0.05%	0.04%	0.05%	0.05%
Selling, General & Admin	26.83M	39.63M	37.16M	38.42M	43.07M	49.76M	61.34M	56.6M	67.98M	77.65M
SG&A % of Revenue	0.02%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	37.31M	40.74M	43.15M	50.47M	53.99M	53.77M	55.2M	63.87M	70.45M	84.61M
Operating Income+	89.97M	79.14M	94.71M	141.18M	152.59M	180.32M	335.14M	470.49M	460.5M	482.16M
Operating Margin %	0.07%	0.06%	0.07%	0.09%	0.09%	0.1%	0.15%	0.17%	0.16%	0.15%
Operating Income Growth %	0.05%	-0.12%	0.2%	0.49%	0.08%	0.18%	0.86%	0.4%	-0.02%	0.05%
EBITDA+	155M	155.38M	181.81M	243.33M	271.72M	314.98M	476.84M	627.69M	639.34M	692.26M
EBITDA Margin %	0.13%	0.12%	0.13%	0.15%	0.15%	0.17%	0.21%	0.22%	0.22%	0.22%
EBITDA Growth %	0.07%	0%	0.17%	0.34%	0.12%	0.16%	0.51%	0.32%	0.02%	0.08%
D&A (Non-Cash Add-back)	65.02M	76.24M	87.1M	102.15M	119.14M	134.66M	141.7M	157.2M	178.84M	210.1M
EBIT	90.07M	79.31M	94.8M	141.25M	153.34M	181.46M	335.99M	470.66M	468.76M	484.94M
Net Interest Income+	-4.11M	-4.39M	-5.05M	-5.42M	-6.69M	-5.18M	-3.2M	-2.39M	3.67M	-7.88M
Interest Income	0	0	0	0	0	0	11K	217K	6.21M	1.05M
Interest Expense	4.11M	4.39M	5.05M	5.42M	6.69M	5.18M	3.21M	2.61M	2.54M	8.93M
Other Income/Expense	-4.01M	-4.22M	-4.96M	-5.34M	-5.93M	-4.04M	-2.37M	-2.44M	5.73M	-6.15M
Pretax Income+	85.96M	74.92M	89.75M	135.83M	146.65M	176.28M	332.77M	468.05M	466.23M	476.01M
Pretax Margin %	0.07%	0.06%	0.06%	0.08%	0.08%	0.1%	0.15%	0.17%	0.16%	0.15%
Income Tax+	30.95M	26.89M	-1.38M	30.85M	32.93M	37.94M	79.54M	110.63M	111.37M	113.94M
Effective Tax Rate %	0.64%	0.64%	1.02%	0.77%	0.78%	0.78%	0.76%	0.76%	0.76%	0.76%
Net Income+	55.02M	48.02M	91.16M	104.98M	113.72M	138.34M	253.24M	357.42M	354.86M	362.06M
Net Margin %	0.05%	0.04%	0.06%	0.06%	0.06%	0.08%	0.11%	0.13%	0.12%	0.11%
Net Income Growth %	0.06%	-0.13%	0.9%	0.15%	0.08%	0.22%	0.83%	0.41%	-0.01%	0.02%
Net Income (Continuing)	55.02M	48.02M	91.13M	104.98M	113.72M	138.34M	253.24M	357.42M	354.86M	362.06M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.16	1.87	3.49	3.99	4.30	5.20	9.48	13.40	13.26	13.52
EPS Growth %	0.06%	-0.13%	0.87%	0.14%	0.08%	0.21%	0.82%	0.41%	-0.01%	0.02%
EPS (Basic)	2.21	1.92	3.57	4.08	4.38	5.29	9.62	13.48	13.32	13.56
Diluted Shares Outstanding	25.47M	25.68M	26.09M	26.29M	26.43M	26.59M	26.71M	26.67M	26.76M	26.79M
Basic Shares Outstanding	24.92M	25.04M	25.52M	25.76M	25.95M	26.14M	26.32M	26.52M	26.63M	26.7M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	158.99M	166.48M	203.58M	213.37M	232.38M	271.7M	416.25M	530.89M	648.69M	435.77M
Cash & Short-Term Investments	124K	1.54M	4.72M	2.19M	248K	25.31M	106.59M	187.39M	296.21M	19.47M
Cash Only	124K	1.54M	4.72M	2.19M	248K	25.31M	106.59M	187.39M	296.21M	19.47M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	139.97M	142.07M	173.94M	183.44M	204.41M	217M	276.75M	313.74M	312.75M	367.1M
Days Sales Outstanding	41.83	41.47	45.2	40.48	41.76	43.46	44.14	41.02	39.62	41.75
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	4.7M	5.5M	7.05M	7.12M	9.18M	9.89M	12.58M	7.23M	7.08M	13.7M
Total Non-Current Assets+	570.2M	633.89M	764.07M	920.37M	1.18B	1.28B	1.43B	1.64B	1.93B	2.73B
Property, Plant & Equipment	539.18M	604.12M	735.78M	893.06M	1.15B	1.25B	1.39B	1.6B	1.88B	2.68B
Fixed Asset Turnover	2.27x	2.07x	1.91x	1.85x	1.55x	1.46x	1.65x	1.74x	1.53x	1.20x
Goodwill	12.03M	12.11M	12.11M	12.11M	12.11M	12.11M	12.11M	12.11M	12.11M	12.11M
Intangible Assets	14.96M	13.29M	11.92M	10.56M	9.38M	8.22M	7.05M	6.04M	5.19M	4.34M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	4.04M	4.37M	4.26M	4.65M	7.57M	7.01M	21.6M	22.6M	35.53M	30.88M
Total Assets+	729.19M	800.37M	967.65M	1.13B	1.42B	1.55B	1.85B	2.17B	2.58B	3.17B
Asset Turnover	1.67x	1.56x	1.45x	1.46x	1.26x	1.18x	1.24x	1.28x	1.12x	1.01x
Asset Growth %	0.06%	0.1%	0.21%	0.17%	0.25%	0.09%	0.19%	0.18%	0.19%	0.23%
Total Current Liabilities+	141.38M	144.94M	167.21M	209.31M	241.25M	275.75M	321.35M	274.08M	322.06M	278.36M
Accounts Payable	54.75M	45.15M	57.44M	78.99M	83.62M	89.38M	114.01M	99.79M	141.88M	114.56M
Days Payables Outstanding	18.73	15.11	17.05	20.25	19.86	21.2	22.65	16.55	22.69	16.3
Short-Term Debt	12.43M	16.76M	14.08M	18.08M	19.41M	0	0	0	0	5.31M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	19.46M	18.29M	19.81M	23.14M	32.64M	40.57M	38.55M	22.68M	27.09M	38.04M
Current Ratio	1.12x	1.15x	1.22x	1.02x	0.96x	0.99x	1.30x	1.94x	2.01x	1.57x
Quick Ratio	1.12x	1.15x	1.22x	1.02x	0.96x	0.99x	1.30x	1.94x	2.01x	1.57x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	159.92M	172.35M	217.9M	228.57M	359.22M	311.73M	303.57M	321.28M	320.01M	577.23M
Long-Term Debt	56.54M	57.04M	118.83M	104.78M	117.03M	0	0	0	0	194.98M
Capital Lease Obligations	0	0	0	0	86.24M	145.71M	119.42M	115.07M	102.78M	96.8M
Deferred Tax Liabilities	67.42M	80.2M	59.42M	86.89M	111.56M	119.82M	124.14M	145.77M	155.84M	219.06M
Other Non-Current Liabilities	35.97M	35.11M	39.64M	36.9M	44.4M	46.2M	60.02M	60.44M	61.4M	66.39M
Total Liabilities	301.3M	317.29M	384.82M	437.88M	600.47M	587.49M	624.92M	595.37M	642.07M	855.59M
Total Debt+	68.97M	73.8M	132.92M	122.86M	241.69M	186.51M	160.38M	154.51M	138.71M	324.46M
Net Debt	68.85M	72.27M	128.2M	120.67M	241.44M	161.2M	53.79M	-32.88M	-157.51M	304.99M
Debt / Equity	0.16x	0.15x	0.23x	0.18x	0.30x	0.19x	0.13x	0.10x	0.07x	0.14x
Debt / EBITDA	0.44x	0.48x	0.73x	0.50x	0.89x	0.59x	0.34x	0.25x	0.22x	0.47x
Net Debt / EBITDA	0.44x	0.47x	0.71x	0.50x	0.89x	0.51x	0.11x	-0.05x	-0.25x	0.44x
Interest Coverage	21.91x	18.01x	18.75x	26.06x	22.81x	34.83x	104.34x	180.19x	181.66x	53.99x
Total Equity+	427.89M	483.08M	582.55M	695.86M	815.23M	961.29M	1.22B	1.58B	1.94B	2.31B
Equity Growth %	0.17%	0.13%	0.21%	0.19%	0.17%	0.18%	0.27%	0.29%	0.23%	0.19%
Book Value per Share	16.80	18.81	22.33	26.47	30.84	36.15	45.69	59.21	72.54	86.28
Total Shareholders' Equity	427.89M	483.08M	582.55M	695.86M	815.23M	961.29M	1.22B	1.58B	1.94B	2.31B
Common Stock	25K	25K	26K	26K	26K	26K	26K	26K	27K	27K
Retained Earnings	200.37M	248.4M	339.55M	444.48M	558.2M	696.54M	949.77M	1.31B	1.66B	2.02B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	142.71M	145.78M	157.85M	256.44M	272.88M	309.14M	382.59M	473.03M	577.95M	583.7M
Operating CF Margin %	0.12%	0.12%	0.11%	0.16%	0.15%	0.17%	0.17%	0.17%	0.2%	0.18%
Operating CF Growth %	0.4%	0.02%	0.08%	0.62%	0.06%	0.13%	0.24%	0.24%	0.22%	0.01%
Net Income	55.02M	48.02M	91.16M	104.98M	113.72M	138.34M	253.24M	357.42M	354.86M	362.06M
Depreciation & Amortization	65.02M	76.24M	87.1M	102.15M	119.14M	134.66M	141.7M	157.2M	178.84M	210.1M
Stock-Based Compensation	3.88M	4.6M	5.08M	5.62M	6.19M	7.54M	8.7M	8.83M	0	0
Deferred Taxes	8.42M	12.78M	-20.78M	27.47M	24.66M	8.26M	4.32M	21.63M	10.07M	63.22M
Other Non-Cash Items	1.77M	2.19M	2.45M	2.36M	2.4M	1.74M	-335K	3.12M	14.5M	22.13M
Working Capital Changes	8.61M	1.94M	-7.17M	13.86M	6.77M	18.61M	-25.03M	-75.18M	19.67M	-73.82M
Change in Receivables	6.9M	-12.34M	-38.16M	-12.98M	-16.98M	-25.05M	-63.41M	-16.62M	-23.39M	-14.66M
Change in Inventory	-821K	-860K	4.53M	-2.74M	0	0	0	0	0	0
Change in Payables	-382K	-3.41M	7.09M	10.61M	10.32M	5.77M	16.73M	-9.52M	10.75M	-816K
Cash from Investing+	-107.92M	-117.68M	-181.52M	-222.58M	-281.03M	-218.82M	-277.85M	-365.51M	-448.7M	-1.04B
Capital Expenditures	-86.5M	-119.36M	-186.7M	-223.67M	-287.65M	-231.14M	-285.75M	-367.43M	-439.88M	-1.04B
CapEx % of Revenue	0.07%	0.1%	0.13%	0.14%	0.16%	0.13%	0.12%	0.13%	0.15%	0.33%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	818K	1.68M	5.17M	1.09M	6.62M	12.32M	8.4M	0	-11.54M	5M
Cash from Financing+	-39.04M	-26.68M	26.86M	-36.38M	6.21M	-65.27M	-23.46M	-26.71M	-20.42M	175.42M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.08M	0	4.48M	4.17M	2.28M	3.79M	3.68M	4.51M	-10.78M	-10.96M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	56.22M	26.41M	-28.85M	32.76M	-14.78M	78M	96.85M	105.6M	138.07M	-459.86M
FCF Margin %	0.05%	0.02%	-0.02%	0.02%	-0.01%	0.04%	0.04%	0.04%	0.05%	-0.14%
FCF Growth %	11.72%	-0.53%	-2.09%	2.14%	-1.45%	6.28%	0.24%	0.09%	0.31%	-4.33%
FCF per Share	2.21	1.03	-1.11	1.25	-0.56	2.93	3.63	3.96	5.16	-17.17
FCF Conversion (FCF/Net Income)	2.59x	3.04x	1.73x	2.44x	2.40x	2.23x	1.51x	1.32x	1.63x	1.61x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.84%	10.54%	17.11%	16.42%	15.05%	15.57%	23.22%	25.53%	20.16%	17.03%
Return on Invested Capital (ROIC)	14.32%	11.28%	11.22%	13.87%	12.22%	12.41%	20.98%	25.02%	20.74%	16.44%
Gross Margin	12.62%	12.76%	12.46%	13.91%	13.97%	15.58%	19.74%	21.17%	20.79%	20.08%
Net Margin	4.5%	3.84%	6.49%	6.35%	6.36%	7.59%	11.06%	12.8%	12.32%	11.28%
Debt / Equity	0.16x	0.15x	0.23x	0.18x	0.30x	0.19x	0.13x	0.10x	0.07x	0.14x
Interest Coverage	21.91x	18.01x	18.75x	26.06x	22.81x	34.83x	104.34x	180.19x	181.66x	53.99x
FCF Conversion	2.59x	3.04x	1.73x	2.44x	2.40x	2.23x	1.51x	1.32x	1.63x	1.61x
Revenue Growth	-4.01%	2.38%	12.34%	17.74%	8.04%	1.99%	25.59%	21.99%	3.2%	11.37%

Frequently Asked Questions

Valuation & Price

Saia, Inc. (SAIA) has a price-to-earnings (P/E) ratio of 26.4x. This suggests investors expect higher future growth.

Growth & Financials

Saia, Inc. (SAIA) reported $3.23B in revenue for fiscal year 2024. This represents a 214% increase from $1.03B in 2011.

Saia, Inc. (SAIA) grew revenue by 11.4% over the past year. This is steady growth.

Yes, Saia, Inc. (SAIA) is profitable, generating $283.6M in net income for fiscal year 2024 (11.3% net margin).

Dividend & Returns

Saia, Inc. (SAIA) has a return on equity (ROE) of 17.0%. This is reasonable for most industries.

Saia, Inc. (SAIA) had negative free cash flow of $13.7M in fiscal year 2024, likely due to heavy capital investments.

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