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Saia Inc (SAIA)
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Saia (SAIA) AI Stock Analysis

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SAIA

Saia

(NASDAQ:SAIA)

Rating:69Neutral
Price Target:
$343.00
▲(9.53% Upside)
Saia's overall stock score reflects a mixed financial performance with strong profitability but declining revenue and cash flow issues. Technical analysis shows a slightly positive trend, while valuation concerns and recent shipment declines weigh on the score. Improvements in operating efficiency and strategic initiatives are positive, but challenges remain.
Positive Factors
Earnings Performance
Saia reported earnings per share that exceeded forecasts, indicating strong performance.
Market Reaction
The company's share price saw a significant increase in premarket trading, suggesting positive market reaction to the earnings report.
Operational Efficiency
Saia's OR improved 330 bps sequentially, outperforming the historical average and expectations.
Negative Factors
Guidance Concerns
3Q OR deterioration guidance was confusing and worse than estimated.
Volume Growth
Saia's volume growth is slowing due to a challenging freight environment and tough comparisons to previous years.
Yield Pressure
Yield pressure in 2Q was attributed to sequential mix headwind from shifts to national and retail customers.

Saia (SAIA) vs. SPDR S&P 500 ETF (SPY)

Saia Business Overview & Revenue Model

Company DescriptionSaia, Inc. (SAIA) is a prominent transportation and logistics company based in the United States, specializing in less-than-truckload (LTL) freight shipping services. Established in 1924, Saia operates a network that spans across the U.S., providing regional and national delivery solutions. The company serves a diverse range of sectors, including retail, manufacturing, and e-commerce, and offers additional services such as truckload shipping, logistics, and warehousing.
How the Company Makes MoneySaia generates revenue primarily through its LTL freight services, which account for a significant portion of its earnings. The company charges customers based on weight, distance, and service type, providing tailored solutions for shipping needs. In addition to LTL shipping, Saia also earns revenue from truckload services and logistics solutions, catering to customers with larger freight requirements. The company has established partnerships with various businesses and e-commerce platforms, enhancing its market reach and service offerings. Furthermore, Saia's focus on operational efficiency and strategic investments in technology and infrastructure contributes to cost management and improved profitability.

Saia Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 24, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed performance with significant improvements in operating efficiency and revenue per shipment, but challenges remain with declining year-over-year revenue and shipments, increased operating expenses, and a notable decline in earnings per share. While there are positive trends in cost management and new market performance, the overall financial performance shows areas of concern.
Q2-2025 Updates
Positive Updates
Sequential Operating Ratio Improvement
The second quarter operating ratio improved by 330 basis points from the first quarter of this year, outperforming the historical average of 250 to 300 basis points.
Revenue Per Shipment Increase
Revenue per shipment, excluding fuel surcharge, increased 2.7% compared to the second quarter of last year.
Improved Performance in New Markets
Terminals opened less than 3 years saw about a 4% sequential improvement in shipments per workday in the second quarter of 2025, compared to the first quarter.
Cost Management and Headcount Reduction
Achieved a 4% sequential decrease in cost per shipment compared to the first quarter, with headcount reduced by about 4.2% from March to the end of June.
Continued Investment in Network Expansion
Planned capital expenditures are approximately $600 million to $650 million for the year, focusing on network expansion, equipment, and people.
Negative Updates
Year-Over-Year Revenue Decline
Second quarter revenue of $817 million decreased by 0.7% from last year's second quarter due to continued muted volume trends.
Shipment Decline
Overall shipments per workday were down 2.8% year-over-year.
Increased Operating Expenses
Total operating expenses increased by 4.7% year-over-year in the quarter.
Claims and Insurance Expense Increase
Claims and insurance expense increased by 21.2% year-over-year due to the development of open claims, increased claim activity, and increased cost per claim.
Earnings Per Share Decline
Diluted earnings per share were $2.67, compared to $3.83 in the second quarter a year ago.
Company Guidance
During the Second Quarter 2025 earnings call for Saia, Inc., the company provided detailed guidance on multiple financial metrics. The operating ratio for the quarter was reported at 87.8%, showing a 330 basis point improvement from the first quarter of 2025, though it was higher than the 83.3% from the same quarter last year. Revenue for the quarter was $817 million, reflecting a slight decrease of 0.7% year-over-year due to muted volume trends. Shipments per workday were down 2.8% compared to the previous year. Despite these challenges, Saia achieved a revenue per shipment increase of 2.7% excluding fuel surcharge and 1.8% including it. The company emphasized its focus on optimizing variable costs, improving network efficiency, and executing a long-term strategy to manage the business effectively. Saia also noted a 4% sequential decrease in cost per shipment from the first quarter, despite a 4.7% increase in total operating expenses year-over-year. The call highlighted Saia's strategic initiatives in mix management and customer service enhancements, including a relocation of their customer service function to field locations, which contributed to a cargo claims ratio of just 0.5% for the quarter.

Saia Financial Statement Overview

Summary
Saia's financial performance is mixed. The company shows strong profitability and a solid balance sheet with low leverage. However, the decline in revenue growth and negative free cash flow are areas of concern. Continued focus on revenue growth and cash flow management will be crucial for future stability and growth.
Income Statement
70
Positive
Saia's income statement shows a mixed performance. The company experienced a decline in revenue growth rate in the TTM period, which is a concern. However, it maintains a healthy gross profit margin and net profit margin, indicating operational efficiency. The EBIT and EBITDA margins are also strong, suggesting good profitability despite the revenue decline.
Balance Sheet
75
Positive
The balance sheet is robust with a low debt-to-equity ratio, indicating conservative leverage. Return on equity has decreased in the TTM period but remains reasonable, reflecting decent profitability. The equity ratio is strong, showcasing a solid capital structure with a good proportion of equity financing.
Cash Flow
60
Neutral
Cash flow analysis reveals some challenges. The free cash flow is negative in the TTM period, which is concerning. However, the operating cash flow to net income ratio is strong, indicating good cash generation relative to net income. The negative free cash flow growth rate highlights potential cash management issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.24B3.21B2.88B2.79B2.29B1.82B
Gross Profit569.51M644.41M598.93M590.96M451.69M283.85M
EBITDA627.92M695.04M647.61M627.74M472.95M312.45M
Net Income290.05M362.06M354.86M357.42M253.24M138.34M
Balance Sheet
Total Assets3.46B3.17B2.58B2.17B1.85B1.55B
Cash, Cash Equivalents and Short-Term Investments18.84M19.47M296.21M187.39M106.59M25.31M
Total Debt444.34M324.46M138.71M154.51M160.38M186.51M
Total Liabilities1.02B855.59M642.07M595.37M624.92M587.49M
Stockholders Equity2.44B2.31B1.94B1.58B1.22B961.29M
Cash Flow
Free Cash Flow-112.90M-459.86M138.07M105.60M96.85M78.00M
Operating Cash Flow626.27M583.70M577.95M473.03M382.59M309.14M
Investing Cash Flow-743.55M-1.04B-448.70M-365.51M-277.85M-218.82M
Financing Cash Flow124.95M175.42M-20.42M-26.71M-23.46M-65.27M

Saia Technical Analysis

Technical Analysis Sentiment
Positive
Last Price313.15
Price Trends
50DMA
297.98
Positive
100DMA
286.71
Positive
200DMA
369.62
Negative
Market Momentum
MACD
0.95
Positive
RSI
56.76
Neutral
STOCH
40.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAIA, the sentiment is Positive. The current price of 313.15 is above the 20-day moving average (MA) of 299.88, above the 50-day MA of 297.98, and below the 200-day MA of 369.62, indicating a neutral trend. The MACD of 0.95 indicates Positive momentum. The RSI at 56.76 is Neutral, neither overbought nor oversold. The STOCH value of 40.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SAIA.

Saia Risk Analysis

Saia disclosed 47 risk factors in its most recent earnings report. Saia reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Saia Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$4.30B34.474.20%1.55%2.20%7.86%
69
Neutral
$8.34B28.9312.69%4.23%-23.94%
69
Neutral
$1.72B11.2512.50%0.63%-6.42%25.72%
67
Neutral
$7.00B42.472.33%1.62%-2.54%144.49%
65
Neutral
$2.66B14.6712.46%3.53%2.94%43.39%
64
Neutral
$1.71B33.403.65%1.96%-6.43%-13.76%
56
Neutral
$957.05M45.752.72%2.04%-11.77%-52.06%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SAIA
Saia
313.15
-97.67
-23.77%
KNX
Knight Transportation
43.11
-7.48
-14.79%
MRTN
Marten Transport
11.74
-5.01
-29.91%
WERN
Werner Enterprises
28.61
-7.04
-19.75%
ARCB
ArcBest
75.70
-22.90
-23.23%
SNDR
Schneider National
24.55
-2.25
-8.40%

Saia Corporate Events

Business Operations and StrategyFinancial Disclosures
Saia Reports Decline in August 2025 LTL Shipments
Negative
Sep 5, 2025

On September 5, 2025, Saia, Inc. released its shipment and tonnage data for July and August 2025, revealing a decline in LTL shipments per workday by 1.2% in July and 2.2% in August compared to the previous year. Despite these declines, LTL weight per shipment saw slight increases, indicating shifts in operational metrics that could impact Saia’s market positioning and stakeholder interests.

Business Operations and StrategyFinancial Disclosures
Saia Reports Q2 2025 Earnings with Revenue Decline
Neutral
Jul 31, 2025

Saia, Inc. reported its second quarter 2025 earnings, highlighting a slight year-over-year revenue decline of 0.7% to $817 million, attributed to muted volume trends due to macroeconomic conditions. Despite this, the company achieved a sequential operating ratio improvement, driven by cost optimization and network efficiency efforts. Saia’s newer markets showed strong customer acceptance, with terminals opened less than three years ago seeing a 4% improvement in shipments per workday. The company’s focus on customer service and operational efficiency resulted in a 4% sequential decrease in cost per shipment, despite headwinds from increased depreciation expenses. Saia continues to adapt to changing market conditions while executing its long-term strategy.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 06, 2025