Saia, Inc.

Trucking (No Local)

SAIAMixed8 of 10 basics passed

$337.00

-1.25%

Market cap $8.97B

$337.00

-1.25%

Market cap $8.97B

Saia ranks among the 10 largest less-than-truckload carriers in the United States, with more than 210 facilities and a fleet of more than 7,500 tractors and 26,000 trailers. As a national LTL carrier, the firm offers time-definite and expedited options for shipments ranging between 100 and 10,000 pounds.

It is a $8.97B industrial company. Revenue grew 4.8% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~0.6 years of free cash flow. It trades at 32.3× earnings — around the middle of its own history.

Website: saia.com
Location: Johns Creek, GA
Employees: 14 500
Sector: Industrials

Share price · 3 years

$416.33 → $337.00-19.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $3.39B
Profit: keeps 8¢ of every $1 sold; $278M
Free cash flow: cash left after running the business; $255M
Net debt: debt minus cash on hand; $144M
P/E: years of profit in the price; 32.3
EPS: earnings per share, TTM; $10.38
Shares: up 4% since 2016 — dilution; 26.8M
Volatility: beta vs the market — under 1 swings less; 2.13

Revenue, last 10 years

52-week range

Low $250.48$337.00High $487.14

Today's price is 37% of the way from the year's low to its high.

P/E vs its history5y

32.2×median 31.5×

Higher than 55% of past days — around the middle of its own history.

Valuation vs own history

P/E

32.2×

45%

P/S

2.6×

68%

EV/EBITDA

24.4×

44%

P/B

3.3×

91%

FCF yield

2.8%

99%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Standing in Industrials

Size$8.97Btop 87%
Revenue growth+5%top 40%
Net margin8%top 57%
Return on equity11%top 80%
P/E32.3×top 64%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong quality; Profitability and Moat lag behind.

Valuation57

P/E vs own history55th pct · 12/25
FCF yield2.8% · 5/25
P/S2.6x · 20/25
EV/EBITDA14.3x · 20/25

Growth58

Revenue CAGR9.0% · 12/25
Net income CAGR0.2% · 6/25
EPS CAGR ~5Y12.8% · 20/25
Fwd implied growth24.6% · 20/25

Profitability49

ROIC9.4% · 12/25
ROE10.6% · 12/25
Net margin8.2% · 13/25
Operating margin11.0% · 12/25

Health63

Altman Zn/a · 0/25
Current ratio1.58 · 18/25
Interest coverage21.7x · 25/25
Net cash / debtD/A 4% · 20/25

Quality87

Piotroski F6/9 · 15/25
Beneish M-2.78 · 25/25
FCF conversion92% · 22/25
Margin stabilityσ 3.8% · 25/25

Moat42

ROIC >12% years7/10 yrs · 20/25
Median gross margin15.7% · 0/25
FCF-positive years7/10 yrs · 10/25
Worst-year net marginworst 3.9% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2024Financial
Best year on record
$362M net income
FY2021Financial
Became debt-free
cash now exceeds total debt
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$1.22B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$13 589 today — price return only

$3.2B revenue in FY2025

Profitable 10 years in a row

14 500 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (71.5%)
Interest covered 21.7× by operating earnings

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 10 checks passed

Revenue growing — the company sells more than a year ago+4.8% YoY
Profitable — makes more than it spends$278M TTM
Profit growing — earnings are higher than last year-10.7% YoY
Generates cash — cash left after running and investing$255M TTM
Debt under control — could handle its obligations~0.6y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$8.97B market cap
Not printing shares — share count not ballooning — you keep your slice+0.7% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 43/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 32.3

Peer comparisonSaia, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SAIA this company	$9.0B	32.3	+4.8%	8.2%	Mixed
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: SAIA vs LRCX · SAIA vs CAT · SAIA vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 8Buy 10Hold 8Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $3.39B · net income $278M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$3.39B

YoY 4.8%

Net income (TTM)

$278M

Margin 8.2%

Gross margin

71.5%

Operating margin

11.0%

P/E ratio

32.3

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	1.8	2.3	2.8	2.9	3.2	3.2
Gross profit	0.2	0.3	0.5	0.8	0.9	0.8
Operating income (EBIT)	0.2	0.3	0.5	0.5	0.5	0.4
Net income	0.1	0.3	0.4	0.4	0.4	0.3
EPS (diluted)	5.20	9.48	13.40	13.26	13.51	9.52

Cash flowFree cash flow $255M · operating cash flow $606M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$255M

Margin 7.5%

Operating cash flow (TTM)

$606M

FCF margin

7.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.3	0.4	0.5	0.6	0.6	0.6
Capital expenditure	-0.2	-0.3	-0.4	-0.4	-1.0	-0.6
Free cash flow	0.1	0.1	0.1	0.1	-0.5	0.0
FCF margin	4.3%	4.2%	3.8%	4.8%	-14.3%	0.8%

Balance sheetAssets $3.48B · net debt $144M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $3.48B of assets is financed

26%

74%

Liabilities $905M — borrowed moneyEquity $2.58B — owners' stake

Cash vs debt

Total debt $164M − cash $19.7M = net debt $144M

Cash on hand covers 12% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

21.7x

EBIT ÷ interest expense

ROE

10.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.0	0.1	0.2	0.3	0.0	0.0
Total assets	1.5	1.8	2.2	2.6	3.2	3.5
Total liabilities	0.6	0.6	0.6	0.6	0.9	0.9
Total debt	0.1	0.1	0.0	0.1	0.2	0.2
Equity	1.0	1.2	1.6	1.9	2.3	2.6
Net debt	0.0	-0.1	-0.2	-0.2	0.2	0.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SAIA on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $337.00 · market cap $8.97B.