Saia Inc Financials
Saia Inc (SAIA) reported $3.2B in revenue for fiscal year 2025, up 0.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-heavy expansion absorbs operating cash through reinvestment, leaving thin free cash flow despite continued profitability.
FY2025 operating cash flow of$595M exceeded net income of$255M , showing accounting earnings were not the limiting cash source. Capital spending of$568M then consumed nearly all of that cash, leaving free cash flow at just$27M ; the business generates cash operationally but has little left after maintaining or expanding its asset base.
With FY2025 revenue at
Debt-to-equity was just 0.1x in FY2025, so the enlarged asset base is not primarily debt-funded. Yet cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Saia Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Saia Inc has an operating margin of 10.9%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 15.0% the prior year.
Saia Inc's revenue grew a modest 0.8% year-over-year to $3.2B. This slow but positive growth earns a score of 54/100.
Saia Inc carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Saia Inc's current ratio of 1.64 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
While Saia Inc generated $595.0M in operating cash flow, capex of $567.6M consumed most of it, leaving $27.3M in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.
Saia Inc earns a strong 9.9% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is down from 15.7% the prior year.
Saia Inc scores 8.64, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.7B) relative to total liabilities ($905.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Saia Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Saia Inc generates $2.33 in operating cash flow ($595.0M OCF vs $255.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Saia Inc earns $21.42 in operating income for every $1 of interest expense ($352.2M vs $16.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Saia Inc generated $3.2B in revenue in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Saia Inc's EBITDA was $600.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.2% from the prior year.
Saia Inc reported $255.0M in net income in fiscal year 2025. This represents a decrease of 29.6% from the prior year.
Saia Inc earned $9.52 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 29.5% from the prior year.
Cash & Balance Sheet
Saia Inc generated $27.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 105.9% from the prior year.
Saia Inc held $19.7M in cash against $163.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Saia Inc's operating margin was 10.9% in fiscal year 2025, reflecting core business profitability. This is down 4.1 percentage points from the prior year.
Saia Inc's net profit margin was 7.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.4 percentage points from the prior year.
Saia Inc's ROE was 9.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Saia Inc invested $567.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 45.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SAIA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.2B+0.8% | $3.2B+11.4% | $2.9B+3.2% | $2.8B+22.0% | $2.3B+25.6% | $1.8B+2.0% | $1.8B+8.0% | $1.7B+17.7% | $1.4B+12.3% | $1.3B+2.4% | $1.2B-4.0% | $1.3B+11.7% | $1.1B+3.7% | $1.1B+6.6% | $1.0B |
| SG&A Expenses | $1.6B | $1.6B+6.2% | $1.5B+14.3% | $1.3B+11.3% | $1.2B+9.9% | $1.1B+10.4% | $963.3M+1.6% | $947.9M+8.6% | $872.7M+13.8% | $766.8M+10.2% | $696.0M+3.9% | $670.2M+4.8% | $639.6M+11.7% | $572.5M+4.7% | $546.8M+6.4% | $514.0M |
| Operating Income | $374.7M | $352.2M-27.0% | $482.2M+4.7% | $460.5M-2.1% | $470.5M+40.4% | $335.1M+85.9% | $180.3M+18.2% | $152.6M+8.1% | $141.2M+49.1% | $94.7M+19.7% | $79.1M-12.0% | $90.0M+5.0% | $85.7M+15.2% | $74.4M+26.7% | $58.7M+108.7% | $28.1M |
| Interest Expense | $12.0M | $16.4M+84.1% | $8.9M+252.3% | $2.5M-2.9% | $2.6M-18.7% | $3.2M-38.0% | $5.2M-22.6% | $6.7M+23.4% | $5.4M+7.3% | $5.1M+15.0% | $4.4M+7.0% | $4.1M-10.0% | $4.6M-29.7% | $6.5M-16.9% | $7.8M-25.4% | $10.5M |
| Income Tax | $88.8M | $82.4M-27.7% | $113.9M+2.3% | $111.4M+0.7% | $110.6M+39.1% | $79.5M+109.7% | $37.9M+15.2% | $32.9M+6.7% | $30.9M+2338.9% | -$1.4M-105.1% | $26.9M-13.1% | $30.9M+5.8% | $29.2M+19.2% | $24.5M+28.4% | $19.1M+200.3% | $6.4M |
| Net Income | $278.0M | $255.0M-29.6% | $362.1M+2.0% | $354.9M-0.7% | $357.4M+41.1% | $253.2M+83.1% | $138.3M+21.7% | $113.7M+8.3% | $105.0M+15.2% | $91.1M+89.8% | $48.0M-12.7% | $55.0M+5.8% | $52.0M+19.2% | $43.6M+36.1% | $32.0M+181.8% | $11.4M |
| EPS (Diluted) | — | $9.52-29.5% | $13.51+1.9% | $13.26-1.0% | $13.40+41.4% | $9.48+82.3% | $5.20+20.9% | $4.30+7.8% | $3.99+14.3% | $3.49+86.6% | $1.87-13.4% | $2.16+5.9% | $2.04+17.9% | $1.73+34.1% | $1.29+174.5% | $0.47 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SAIA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.5B+10.0% | $3.2B+22.6% | $2.6B+18.8% | $2.2B+17.9% | $1.8B+19.1% | $1.5B+9.4% | $1.4B+24.9% | $1.1B+17.2% | $967.3M+20.9% | $800.2M+9.7% | $729.2M+9.3% | $667.0M+8.1% | $616.8M+18.7% | $519.7M+9.4% | $474.9M |
| Current Assets | $434.6M-0.3% | $435.8M-32.8% | $648.7M+22.2% | $530.9M+27.5% | $416.3M+53.2% | $271.7M+16.9% | $232.4M+8.9% | $213.4M+5.0% | $203.2M+22.2% | $166.3M+4.6% | $159.0M-6.6% | $170.2M0.0% | $170.3M+18.1% | $144.2M+0.9% | $142.8M |
| Cash & Equivalents | $19.7M+1.3% | $19.5M-93.4% | $296.2M+58.1% | $187.4M+75.8% | $106.6M+321.2% | $25.3M+10104.8% | $248K-88.7% | $2.2M-53.5% | $4.7M+206.7% | $1.5M+1141.1% | $124K-97.2% | $4.4M+2646.5% | $159K-50.5% | $321K-75.6% | $1.3M |
| Accounts Receivable | $332.2M+2.9% | $323.0M+3.6% | $311.7M+7.4% | $290.3M+4.9% | $276.8M+27.6% | $216.9M+10.6% | $196.1M+8.0% | $181.6M+6.7% | $170.3M+26.2% | $134.9M+8.6% | $124.2M-3.2% | $128.4M+8.8% | $117.9M+10.4% | $106.8M-0.6% | $107.4M |
| Goodwill | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M0.0% | $12.1M+0.7% | $12.0M+129.9% | $5.2M0.0% | $5.2M0.0% | $5.2M | N/A |
| Total Liabilities | $905.0M+5.8% | $855.6M+33.3% | $642.1M+7.8% | $595.4M-4.7% | $624.9M+6.4% | $587.5M-2.2% | $600.5M+37.1% | $437.9M+13.8% | $384.8M+21.3% | $317.2M+5.3% | $301.3M+0.4% | $300.1M-3.8% | $312.0M+17.7% | $265.2M+3.7% | $255.6M |
| Current Liabilities | $265.4M-4.7% | $278.4M-13.6% | $322.1M+17.5% | $274.1M-14.7% | $321.3M+16.5% | $275.8M+14.3% | $241.2M+15.3% | $209.3M+25.4% | $166.9M+15.3% | $144.8M+2.4% | $141.4M+8.4% | $130.5M-7.4% | $140.9M-0.3% | $141.3M+13.6% | $124.3M |
| Long-Term Debt | $163.0M-16.4% | $195.0M+2987.6% | $6.3M-61.7% | $16.5M-46.8% | $31.0M-38.5% | $50.4M-56.9% | $117.0M+11.7% | $104.8M-11.8% | $118.8M+108.3% | $57.0M+0.9% | $56.5M-23.5% | $73.9M+6.0% | $69.7M+80.9% | $38.6M-24.0% | $50.7M |
| Total Equity | $2.6B+11.5% | $2.3B+19.0% | $1.9B+22.9% | $1.6B+29.4% | $1.2B+26.9% | $961.3M+17.9% | $815.2M+17.2% | $695.9M+19.5% | $582.5M+20.6% | $483.1M+12.9% | $427.9M+16.6% | $366.9M+20.4% | $304.8M+19.8% | $254.5M+16.1% | $219.3M |
| Retained Earnings | $2.3B+12.6% | $2.0B+21.8% | $1.7B+27.1% | $1.3B+37.6% | $949.8M+36.4% | $696.5M+24.8% | $558.2M+25.6% | $444.5M+30.9% | $339.5M+36.7% | $248.4M+24.0% | $200.4M+37.8% | $145.4M+55.7% | $93.4M+87.7% | $49.7M+181.2% | $17.7M |
Not reported in any period shown, so not listed: Inventory.
SAIA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $606.4M | $595.0M+1.9% | $583.7M+1.0% | $577.9M+22.2% | $473.0M+23.6% | $382.6M+23.8% | $309.1M+13.3% | $272.9M+6.4% | $256.4M+62.5% | $157.8M+7.8% | $146.4M+0.4% | $145.8M+42.7% | $102.2M+0.8% | $101.3M+0.6% | $100.7M+72.9% | $58.2M |
| Capital Expenditures | $351.2M | $567.6M-45.6% | $1.0B+137.2% | $439.9M+19.7% | $367.4M+28.6% | $285.7M+23.6% | $231.1M-19.6% | $287.7M+28.6% | $223.7M+19.8% | $186.7M+56.4% | $119.4M+38.0% | $86.5M-11.5% | $97.8M-22.6% | $126.4M+46.7% | $86.1M+21.5% | $70.9M |
| Free Cash Flow | $255.2M | $27.3M+105.9% | -$459.9M-433.1% | $138.1M+30.7% | $105.6M+9.0% | $96.8M+24.2% | $78.0M+627.8% | -$14.8M-145.1% | $32.8M+213.6% | -$28.9M-206.6% | $27.1M-54.4% | $59.3M+1242.4% | $4.4M+117.6% | -$25.0M-272.1% | $14.6M+215.1% | -$12.7M |
| Investing Cash Flow | -$326.6M | -$552.5M+46.7% | -$1.0B-130.9% | -$448.7M-22.8% | -$365.5M-31.6% | -$277.8M-27.0% | -$218.8M+22.1% | -$281.0M-26.3% | -$222.6M-22.6% | -$181.5M-54.2% | -$117.7M | N/A | N/A | -$122.0M-34.9% | -$90.4M-33.2% | -$67.9M |
| Financing Cash Flow | -$214.6M | -$42.2M-124.1% | $175.4M+958.9% | -$20.4M+23.5% | -$26.7M-13.8% | -$23.5M+64.0% | -$65.3M-1151.2% | $6.2M+117.1% | -$36.4M-235.4% | $26.9M+198.3% | -$27.3M | N/A | N/A | $20.5M+282.8% | -$11.2M+37.7% | -$18.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SAIA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 10.9%-4.1pp | 15.0%-1.0pp | 16.0%-0.9pp | 16.9%+2.2pp | 14.6%+4.8pp | 9.9%+1.3pp | 8.5%0.0pp | 8.5%+1.8pp | 6.7%+0.4pp | 6.3%-1.0pp | 7.4%+0.6pp | 6.7%+0.2pp | 6.5%+1.2pp | 5.3%+2.6pp | 2.7% |
| Net Margin | 7.9%-3.4pp | 11.3%-1.0pp | 12.3%-0.5pp | 12.8%+1.7pp | 11.1%+3.5pp | 7.6%+1.2pp | 6.4%0.0pp | 6.3%-0.1pp | 6.5%+2.7pp | 3.8%-0.7pp | 4.5%+0.4pp | 4.1%+0.3pp | 3.8%+0.9pp | 2.9%+1.8pp | 1.1% |
| Return on Equity | 9.9%-5.8pp | 15.7%-2.6pp | 18.3%-4.4pp | 22.6%+1.9pp | 20.8%+6.4pp | 14.4%+0.4pp | 14.0%-1.1pp | 15.1%-0.6pp | 15.6%+5.7pp | 9.9%-2.9pp | 12.9%-1.3pp | 14.2%-0.1pp | 14.3%+1.7pp | 12.6%+7.4pp | 5.2% |
| Return on Assets | 7.3%-4.1pp | 11.4%-2.3pp | 13.7%-2.7pp | 16.4%+2.7pp | 13.7%+4.8pp | 8.9%+0.9pp | 8.0%-1.2pp | 9.3%-0.2pp | 9.4%+3.4pp | 6.0%-1.5pp | 7.5%-0.3pp | 7.8%+0.7pp | 7.1%+0.9pp | 6.2%+3.8pp | 2.4% |
| Current Ratio | 1.64+0.1x | 1.57-0.4x | 2.01+0.1x | 1.94+0.6x | 1.30+0.3x | 0.990.0x | 0.96-0.1x | 1.02-0.2x | 1.22+0.1x | 1.150.0x | 1.12-0.2x | 1.30+0.1x | 1.21+0.2x | 1.02-0.1x | 1.15 |
| Debt-to-Equity | 0.060.0x | 0.08+0.1x | 0.000.0x | 0.010.0x | 0.030.0x | 0.05-0.1x | 0.140.0x | 0.15-0.1x | 0.20+0.1x | 0.120.0x | 0.13-0.1x | 0.200.0x | 0.23+0.1x | 0.15-0.1x | 0.23 |
| FCF Margin | 0.9%+15.2pp | -14.3%-19.1pp | 4.8%+1.0pp | 3.8%-0.4pp | 4.2%-0.1pp | 4.3%+5.1pp | -0.8%-2.8pp | 2.0%+4.0pp | -2.1%-4.2pp | 2.2%-2.7pp | 4.9%+4.5pp | 0.4%+2.5pp | -2.2%-3.5pp | 1.3%+2.6pp | -1.2% |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Where Saia Inc Ranks
Frequently Asked Questions
What is Saia Inc's annual revenue?
Saia Inc (SAIA) reported $3.2B in total revenue for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Saia Inc's revenue growing?
Saia Inc (SAIA) revenue grew by 0.8% year-over-year, from $3.2B to $3.2B in fiscal year 2025.
Is Saia Inc profitable?
Yes, Saia Inc (SAIA) reported a net income of $255.0M in fiscal year 2025, with a net profit margin of 7.9%.
What is Saia Inc's EBITDA?
Saia Inc (SAIA) had EBITDA of $600.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Saia Inc have?
As of fiscal year 2025, Saia Inc (SAIA) had $19.7M in cash and equivalents against $163.0M in long-term debt.
What is Saia Inc's operating margin?
Saia Inc (SAIA) had an operating margin of 10.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Saia Inc's net profit margin?
Saia Inc (SAIA) had a net profit margin of 7.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Saia Inc's return on equity (ROE)?
Saia Inc (SAIA) has a return on equity of 9.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Saia Inc's free cash flow?
Saia Inc (SAIA) generated $27.3M in free cash flow during fiscal year 2025. This represents a 105.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Saia Inc's operating cash flow?
Saia Inc (SAIA) generated $595.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Saia Inc's total assets?
Saia Inc (SAIA) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Saia Inc's capital expenditures?
Saia Inc (SAIA) invested $567.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Saia Inc's current ratio?
Saia Inc (SAIA) had a current ratio of 1.64 as of fiscal year 2025, which is generally considered healthy.
What is Saia Inc's debt-to-equity ratio?
Saia Inc (SAIA) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Saia Inc's return on assets (ROA)?
Saia Inc (SAIA) had a return on assets of 7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Saia Inc's Altman Z-Score?
Saia Inc (SAIA) has an Altman Z-Score of 8.64, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Saia Inc's Piotroski F-Score?
Saia Inc (SAIA) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Saia Inc's earnings high quality?
Saia Inc (SAIA) has an earnings quality ratio of 2.33x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Saia Inc cover its interest payments?
Saia Inc (SAIA) has an interest coverage ratio of 21.42x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Saia Inc?
Saia Inc (SAIA) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.