| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 2 | 2 | — | 6 | — | — | 1 | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 296.22 | 19.47 | 19.72 | 84.01 |
| Receivables | 312.75 | 367.10 | 364.76 | 436.45 |
| Inventory | — | — | — | — |
| Other | 7.08 | 13.70 | 14.27 | 15.52 |
| 648.69 | 435.77 | 434.56 | 587.65 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 141.88 | 114.56 | 107.42 | 164.84 |
| ST’ Debt | 10.17 | 5.31 | 0.98 | 0.12 |
| Other | 27.09 | 38.04 | 32.34 | 38.64 |
| 322.06 | 278.36 | 265.38 | 370.90 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 806.23 | 956.49 | — | — |
—
|
| ’25 | 787.58 | 817.12 | 839.64 | 789.95 |
3,234.29
|
| ’24 | 754.78 | 823.24 | 842.10 | 788.95 |
3,209.07
|
| ’23 | 660.54 | 694.62 | 775.14 | 751.13 |
2,881.43
|
| ’22 | 661.22 | 745.55 | 729.56 | 655.73 |
2,792.06
|
| ’21 | 484.07 | 571.33 | 616.22 | 617.08 |
2,288.70
|
| ’20 | 446.40 | 418.11 | 481.37 | 476.48 |
1,822.37
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 139.63 | 151.60 | — | — |
—
|
| ’25 | 109.07 | 170.74 | 177.85 | 137.31 |
594.97
|
| ’24 | 106.47 | 130.77 | 181.72 | 164.74 |
583.70
|
| ’23 | 119.27 | 172.14 | 124.86 | 161.68 |
577.95
|
| ’22 | 95.96 | 111.94 | 136.17 | 128.95 |
473.03
|
| ’21 | 60.97 | 79.17 | 127.55 | 114.91 |
382.59
|
| ’20 | 51.27 | 96.97 | 90.73 | 70.18 |
309.15
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 75.91 | 57.30 | — | — |
—
|
| ’25 | (92.99) | (2.77) | 107.35 | 39.26 |
50.85
|
| ’24 | (350.35) | (93.68) | (10.23) | (2.90) |
(457.16)
|
| ’23 | (8.78) | 73.70 | 12.97 | 62.91 |
140.79
|
| ’22 | 50.59 | 2.03 | 13.46 | 41.44 |
107.51
|
| ’21 | 35.58 | 4.59 | 79.09 | (14.02) |
105.24
|
| ’20 | (51.41) | 56.92 | 35.94 | 48.88 |
90.33
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.86 | 3.51 | — | — |
—
|
| ’25 | 1.86 | 2.67 | 3.22 | 1.77 |
9.52
|
| ’24 | 3.38 | 3.83 | 3.46 | 2.84 |
13.51
|
| ’23 | 2.85 | 3.42 | 3.67 | 3.33 |
13.26
|
| ’22 | 2.98 | 4.10 | 3.67 | 2.65 |
13.40
|
| ’21 | 1.40 | 2.34 | 2.98 | 2.76 |
9.48
|
| ’20 | 1.06 | 1.07 | 1.56 | 1.51 |
5.20
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 168.03 | 204.02 | 358.90 | 229.12 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 342.99 | 461.92 | 628.34 | 538.03 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12,300 | 14,000 | 15,300 | 14,500 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.23 | 0.21 | 0.21 | 0.22 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,792.06 | 2,881.43 | 3,209.07 | 3,234.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 68.68% | 72.15% | 72.99% | 72.50% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 468.05 | 466.23 | 476.01 | 337.39 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.76% | 16.18% | 14.83% | 10.43% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 357.42 | 354.86 | 362.07 | 255.04 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 157.20 | 178.85 | 210.11 | 248.57 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 105.28 | 108.19 | 120.24 | 120.96 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 13.48 | 13.32 | 13.57 | 9.54 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.84 | 21.70 | 21.87 | 22.25 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.78) | (16.41) | (39.00) | (20.35) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.05 | 5.29 | (17.13) | 1.90 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 59.55 | 72.90 | 86.60 | 96.41 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.52 | 26.63 | 26.69 | 26.74 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.46 | 32.07 | 33.61 | 34.23 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.98 | 3.95 | 3.79 | 2.70 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.50 | 5.86 | 5.26 | 3.39 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.93 | 3.85 | 3.85 | 2.74 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 50.00 | 78.88 | (27.00) | 174.55 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 473.03 | 577.95 | 583.70 | 594.97 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (365.51) | (437.15) | (1,040.86) | (544.13) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 107.51 | 140.79 | (457.16) | 50.85 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 256.80 | 326.64 | 157.41 | 169.17 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.01 | 16.49 | 200.29 | 163.98 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (156.38) | (279.73) | 180.82 | 144.26 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,579.34 | 1,941.49 | 2,311.27 | 2,577.70 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.78% | 14.92% | 12.59% | 7.67% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.67% | 17.32% | 12.09% | 8.09% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.53% | 20.16% | 17.03% | 10.43% | ‡‡‡‡‡ | — | — |
ROE
|
Saia, Inc. (SAIA), a leading less-than-truckload (LTL) carrier, has delivered impressive growth, with revenue surging from $1.25 billion in 2016 to $3.21 billion in 2024 at a 12.6% CAGR, propelled by terminal expansions to over 190 facilities, e-commerce tailwinds, and a 72% employee headcount increase that boosted revenue per employee 49%. Profitability shone through peak ROIC of 20.7%, EBT margins hitting 16.8%, and stock gains exceeding 1,800%, reflecting efficient capital deployment and multiple expansion amid the logistics boom.
However, 2024’s capex explosion to $1.04 billion crushed free cash flow to negative territory, margins softened to 14.8%, and debt spiked, signaling a growth pause with 2025 EPS projected to dip to $10.58 from $13.57. Trading 5% above the mean analyst target but 35% over the low amid insider selling and trucking headwinds, SAIA’s valuation blends optimism with caution.
Projections show revenue growth resuming at 1-9% through 2027, EPS rebounding 29% to $13.61, and FCF recovering, with catalysts like terminal ROI and M&A potential offsetting risks from freight recessions and competition. As a high-ROIC compounder, SAIA offers asymmetric upside if execution delivers—read the full analysis for detailed models and probabilities.
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