15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.2% per year over the past 5 years.
Net income has grown faster than revenue (13.0% vs 12.2% per year).
Operating margin has been roughly flat, at 10.9% in the latest year.
Free cash flow has declined 18.9% per year over the past 5 years.
Financial health
Total debt ($163M) exceeds cash ($20M); net debt is $143M.
Operating income covered interest expense 21× in the latest year, down from 35× 5 years ago.
Total debt is 0.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.2B
$255M
0.0%
10.9%
9.9%
7.3%
$27M
$163M
$20M
2024
$3.2B
$362M
0.0%
15.0%
15.7%
11.4%
-$460M
$194M
$19M
2023
$2.9B
$355M
0.0%
16.0%
18.3%
13.7%
$138M
$0
$296M
2022
$2.8B
$357M
0.0%
16.9%
22.6%
16.4%
$106M
$0
$187M
2021
$2.3B
$253M
0.0%
14.6%
20.8%
13.7%
$97M
$0
$107M
2020
$1.8B
$138M
0.0%
9.9%
14.4%
8.9%
$78M
—
$25M
2019
$1.8B
$114M
0.0%
8.5%
13.9%
8.0%
-$15M
—
$248000
2018
$1.7B
$105M
0.0%
8.5%
15.1%
9.3%
$33M
—
$2M
2017
$1.4B
$91M
0.0%
6.7%
15.6%
9.4%
-$29M
—
$5M
2016
$1.3B
$48M
0.0%
6.3%
9.9%
6.0%
$27M
—
$2M
2015
—
$55M
—
—
12.9%
7.5%
—
—
$124000
2014
—
$52M
—
—
14.2%
7.8%
—
$83M
$4M
2013
—
$44M
—
—
14.3%
7.1%
-$25M
$77M
$159000
2012
—
$32M
—
—
12.6%
6.2%
$15M
$61M
$321000
2011
—
$11M
—
—
5.2%
2.4%
-$13M
$73M
$1M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$982M
$91M
0.0%
12.4%
3.2%
2.4%
$111M
$100M
$203M
Jun '26
$956M
$94M
0.0%
13.1%
3.5%
2.5%
$57M
$100M
$84M
Mar '26
$806M
$50M
0.0%
8.3%
1.9%
1.4%
$74M
$112M
$39M
Dec '25
$790M
$48M
0.0%
8.1%
1.8%
1.4%
$37M
$163M
$20M
Sep '25
$840M
$86M
0.0%
14.1%
3.4%
2.5%
$88M
$218M
$36M
Jun '25
$817M
$71M
0.0%
12.2%
2.9%
2.1%
-$4M
$307M
$19M
Mar '25
$788M
$50M
0.0%
8.9%
2.1%
1.5%
-$94M
$291M
$17M
Dec '24
$789M
$76M
0.0%
12.9%
3.3%
2.4%
-$4M
$194M
$19M
Sep '24
$842M
$93M
0.0%
14.9%
4.2%
3.0%
-$12M
$183M
$14M
Jun '24
$823M
$103M
0.0%
16.7%
4.8%
3.5%
-$94M
$167M
$11M
Mar '24
$755M
$91M
0.0%
15.6%
4.5%
3.3%
-$351M
$72M
$12M
Dec '23
$751M
$89M
0.0%
15.0%
4.6%
3.5%
$62M
$0
$296M
Sep '23
$775M
$98M
0.0%
16.6%
5.3%
4.0%
$11M
$0
$249M
Jun '23
$695M
$91M
0.0%
17.3%
5.2%
3.9%
$74M
$0
$235M
Mar '23
$661M
$76M
0.0%
15.0%
4.6%
3.4%
-$9M
$0
$166M
Dec '22
$656M
$71M
0.0%
14.1%
4.5%
3.3%
$41M
$0
$187M
Sep '22
$730M
$98M
0.0%
17.6%
6.5%
4.6%
$13M
—
$150M
Jun '22
$746M
$109M
0.0%
19.6%
7.8%
5.3%
$2M
—
$138M
Mar '22
$661M
$79M
0.0%
15.6%
6.1%
4.1%
$50M
—
$141M
Dec '21
$617M
$74M
0.0%
15.8%
6.0%
4.0%
-$16M
$0
$107M
Valuation over time
How the market has priced SAIA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 20.3× (Mar '23) to 37.1× (Nov '26).
The price-to-sales ratio has risen from 2.6× (Mar '23) to 2.9× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SAIA growing its revenue and profit?
Over the past 5 years, Saia Inc's revenue has grown 12.2% per year, and net income grown 13.0% per year. These are computed facts, not advice.
How much debt does SAIA have?
As of FY2025, Saia Inc reported $163M of total debt against $20M of cash; operating income covered interest expense 21×.
What is SAIA's profit margin?
In FY2025, gross margin was —, operating margin 10.9%, and net margin 7.9%.
What is SAIA's P/E ratio?
Saia Inc's P/E (TTM) is 33.46 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SAIA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.