10-K · February 24, 2026
Saia emphasizes growth through network density, terminal expansion and technology, having invested in excess of $2.5 billion in capital expenditures over the past five years and operating 213 terminals as of December…
Earnings analysis · 10-Q
SAIA earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Saia, Inc. reported Q1 2026 results with revenue of $806.2 million, surpassing estimates of $788.3 million. EPS also matched analyst expectations at $1.86, reflecting stable financial performance despite a slight drop…
Read full summary
Saia, Inc. reported Q1 2026 results with revenue of $806.2 million, surpassing estimates of $788.3 million. EPS also matched analyst expectations at $1.86, reflecting stable financial performance despite a slight drop in operating income. The company anticipates capital expenditures of $350 million to $400 million for the year, focusing on growth and efficiency improvements.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.86
- Operating margin
- 8.3%
What stood out
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Revenue Beat Estimates
Q1 2026 revenue reached $806.2 million, exceeding the consensus estimate of $788.3 million.
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EPS Matches Expectations
Saia reported Q1 2026 diluted EPS of $1.86, consistent with consensus estimates.
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Increase in Operating Cash Flow
Operating cash flows improved to $139.6 million from $109.1 million in Q1 2025.
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Operating Revenue Growth
Operating revenue grew 2.4% year-over-year for Q1 2026, driven by higher fuel surcharge revenue.
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Improved Revenue per Shipment
LTL revenue per shipment increased 0.7% year-over-year to $357.93.
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Increase in Working Capital
Working capital rose to $170.9 million at March 31, 2026, up from $141.9 million a year earlier.
What to watch
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Decrease in Operating Income
Operating income fell 4.8% to $66.8 million in Q1 2026, down from $70.2 million in Q1 2025.
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Higher Operating Ratio
The operating ratio increased to 91.7% in Q1 2026 from 91.1% in Q1 2025, indicating rising costs.
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Decrease in LTL Tonnage
LTL tonnage dropped 2.1% year-over-year to 1.5 million tons in Q1 2026.
Management's outlook
Anticipated capital expenditures for 2026 between $350 million and $400 million.
Earlier filings 4
10-Q · October 30, 2025
Saia reported third-quarter operating revenue of $839.644 million, essentially flat year-over-year (-0.3%) while GAAP diluted EPS declined to $3.22 (adjusted diluted EPS $2.81). Operating income fell to $118.610 million…
10-K · February 24, 2025
Saia describes a growth strategy built on expanding its LTL network density and geographic footprint, investing in terminals, equipment and technology, and pursuing selective tuck‑in acquisitions. In 2024 Saia grew…
10-Q · October 25, 2024
Saia's Q3 2024 results show revenue growth but declining EPS amid rising operational costs. Total revenue increased by 8.6% year-over-year to $842.1 million, with a diluted EPS of $3.46, down from $3.67 in the prior…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.