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Regional-to-national less-than-truckload (LTL) trucking carrier expanding its terminal network across the US.
Regional-to-national less-than-truckload (LTL) trucking carrier expanding its terminal network across the US.
Charges by shipment weight, freight class and distance, so profit depends on both tonnage and how much it earns per hundredweight, with a terminal network that must be filled to cover fixed costs. For years it has opened terminals into new states to move from a southern regional carrier toward a national one, which costs money before the new terminals reach scale.
Moat: narrow (installed base, scale). Growing terminal network gives regional service density, though barriers are lower than at bigger carriers.
Headquarters: Johns Creek, Georgia, USA · Founded: 1924 · Employees: 14,500
Size Saia (SAIA) is a United States Industrials company (Trucking) with a market value of $8.86B, the 839th largest of 3,117 United States companies the cockpit tracks. Shares closed at $331.90 on 6 Nov 2026.
Performance Over six months the shares fell 26.2%, against -11.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 12 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +7.1%); the operating margin is 10.8% (peer median 6.7%).
Valuation It trades at 24.0× forward earnings against a peer median of 19.3× (6th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.5 points below its cost of capital (15.0% WACC).
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.54B | $3.23B | $3.21B | $2.88B | $2.79B |
| Revenue growth | — | +1% | +11% | +3% | — |
| Gross profit | $384M | $340M | $487M | $463M | $471M |
| EBITDA | $637M | $588M | $697M | $640M | $628M |
| Net income | $283M | $255M | $362M | $355M | $357M |
| Free cash flow | $279M | $27.3M | -$460M | $138M | $106M |
| Capital expenditure | $339M | $568M | $1.04B | $440M | $367M |
| Total debt | $263M | $305M | $324M | $139M | $155M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Saia SAIA | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% |
| Old Dominion ODFL | $34.2B | -17% | +4% | 27% | 24.9× | 15.7% |
| XPO XPO | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% |
| TFI International TFII.TO | $7.86B | -29% | +3% | 7% | 14.2× | 11.6% |
| FedEx Freight FDXF | $18.5B | n/a | -1% | 6% | 24.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAIA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.7% | -9.7% | 4th highest of 13 |
| 6-month return | -26.2% | -11.3% | 2nd lowest of 12 |
| Distance from 52-week high | -32.9% | -32.0% | 7th highest of 13 |
| Revenue growth (TTM) | +9.3% | +7.1% | 5th highest of 13 |
| Operating margin | 10.8% | 6.7% | 3rd highest of 13 |
| Forward P/E | 24.0× | 19.3× | 6th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 27.4% | 15.7% | most demanding of 12 |
| Growth delivered (Del g) | +12.2% | +6.5% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | +15.2 pp | +9.2 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -4.5 pp | -0.0 pp | 3rd lowest of 13 |
| EV / EBITDA | 14.0× | 11.6× | 5th most expensive of 11 |
| Net debt / EBITDA | 0.1× | 0.7× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Saia SAIA | United States | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% | +12.2% |
| Knight-Swift Transportation KNX | United States | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% | +9.8% |
| TFI International TFII.TO | Canada | $7.86B | -29% | +3% | 7% | 14.2× | 11.6% | +16.8% |
| Schneider National SNDR | United States | $4.88B | -10% | +6% | 3% | 18.7× | 19.5% | +4.5% |
| Landstar System LSTR | United States | $4.83B | -22% | +11% | 4% | 19.8× | 12.0% | +2.8% |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
| J.B. Hunt JBHT | United States | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% | +4.5% |
| XPO XPO | United States | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% | -4.4% |
| Fujian Highton Development 603162.SS | China | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% | +45.6% |
| NIKKON 9072.T | Japan | $3.25B | -19% | +7% | 9% | 26.9× | 12.0% | +8.1% |
| ArcBest ARCB | United States | $2.86B | +6% | +8% | 3% | 13.6× | 16.5% | +6.4% |
| Seino 9076.T | Japan | $2.48B | +9% | +7% | 5% | 14.5× | -3.2% | +6.5% |
| Old Dominion ODFL | United States | $34.2B | -17% | +4% | 27% | 24.9× | 15.7% | +6.5% |