Is the business good?
How good a business is SAIA?
Saia, Inc. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 1.8 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Trucking median 1.8% · 12 months to Q2 2026
- Cash conversion
- 0.92×
Cash conversion · −0.39× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.18%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 9.9% |
| FY2021 | 15% |
| FY2022 | 17% |
| FY2023 | 16% |
| FY2024 | 15% |
| FY2025 | 11% |
Details›
- Operating margin12 months to Q2 2026
- 11%
- Net margin12 months to Q2 2026
- 8.2%
- Free cash flow margin
- 7.5%
- Revenue, trailing twelve months
- $3.39B
- Free cash flow, trailing twelve months
- $255M
- Net income, trailing twelve months
- $278M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.