Saia, Inc.SAIA
NasdaqGS•Industrials•Trucking
Saia, Inc., together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds. It also offers other value-added services, including brokered truckload, expedited transportation, and other logistics services. As of December 31, 2025, it operated 213 owned and leased terminals; and owned approximately 7,700 tractors and 26,500 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2002. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.
Saia, Inc. (SAIA) reported trailing twelve months revenue of $3.25B as of March 2026, a 0.3% increase year-over-year. Quarterly revenue reached $806.23M, reflecting continued top-line momentum.
Saia, Inc. generated $255.09M in TTM net income, with quarterly EBITDA of $129.00M. The operating margin contracted from 8.9% to 8.3%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (8.3%) and net margin (6.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 6.3% a year ago, reflecting increased costs or interest expense.
SAIA trades at a P/E of 35.3x (a premium multiple) and a P/S of 2.8x. The price-to-book ratio of 3.4x reflects a moderate premium to book value.
The company generated $73.52M in free cash flow over the trailing twelve months, a 178.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $3.56B in total assets with $112.00M in long-term debt against $2.63B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~12.0% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~13.3% on average, adequate but below the threshold typically associated with wide moats.
Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 20.0% — watch for continued compression, which may signal competitive or cost pressure.
Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 5 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Share count is stable — no significant dilution or buyback activity.