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Saia

SAIA on Nasdaq. Saia moves freight for businesses across North America. Market value $9.2bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Industrials stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
2.8%low

For every $100 of what the whole company costs, it produced $2.80 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
24.4×full

You pay 24.4 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
21.9%five-year median

Each dollar kept in the business earns 22 cents a year. Above 10 is good.

Quality score: 96 of 100. Price score: 42 of 100. Our list needs 70 on quality and 60 on price.

$341.65 a share, 37% above its 1-year low

Over the past year the price has ranged from $249.32 to $494.71.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
0.1
0.1
-0.5
0.0
0.3
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $255 million in the past 12 months, $27 million in the year to December 2025.

Revenue
$2.3bn$2.8bn$2.9bn$3.2bn$3.2bn
Operating margin
14.6%16.9%16.0%15.0%10.9%
Debt to equity
0.040.020.010.090.06
Shares outstanding
0.03bn0.03bn0.03bn0.03bn0.03bn

Health checks

  • Free cash flow positive4 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • Debt0.06× equity
  • Revenue growth, five yearsStrong, 12.2% a year
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $956 million last quarter, up 17% on a year ago.
  • Profit: $94 million, up 32% on a year ago.
  • It keeps 11 cents of each $1 of sales as operating profit, down from 12 cents a year earlier.
  • Spare cash over the past 12 months: $255 million. A year earlier it spent $113 million more than it brought in.
  • About the same number of shares as a year ago.
  • Debt is $16 million more than cash, down from $290 million a year ago.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$842m
December 2024$789m
March 2025$788m
June 2025$817m
September 2025$840m
December 2025$790m
March 2026$806m
June 2026$956m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$93m
December 2024$76m
March 2025$50m
June 2025$71m
September 2025$86m
December 2025$48m
March 2026$50m
June 2026$94m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
24 February 2026
Next quarterly (estimated, 10-Q)
29 October 2026

Who owns it

5 long-term investors we follow own it, unchanged from 5 last quarter. 517 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $117,147 of shares on the open market. 8 sold $7m.

  • Norwood Anthony R
    EVP & CHRO
    Sold
    Date
    20 May 2026
    Shares
    292
    Price
    $468.77
    Value
    $136,881
  • EISNOR DI-ANN
    Director
    Sold
    Date
    17 February 2026
    Shares
    500
    Price
    $389.88
    Value
    $194,940
  • Batteh Matthew J
    Chief Financial Officer
    Sold
    Date
    13 February 2026
    Shares
    916
    Price
    $389.03
    Value
    $356,353
  • Benton Kelly W
    VP & CAO
    Sold
    Date
    13 February 2026
    Shares
    800
    Price
    $389.00
    Value
    $311,200
  • SUGAR PATRICK D
    EVP Operations
    Sold
    Date
    13 February 2026
    Shares
    2,706
    Price
    $386.74
    Value
    $1m
  • RAMU RAYMOND R
    Exec. VP & Chief Customer Off.
    Sold
    Date
    13 February 2026
    Shares
    5,226
    Price
    $387.95
    Value
    $2m
  • HOLZGREFE FREDERICK J III
    President & CEO
    Sold
    Date
    13 February 2026
    Shares
    4,775
    Price
    $388.80
    Value
    $2m
  • Batteh Matthew J
    Chief Financial Officer
    Sold
    Date
    12 February 2026
    Shares
    1,110
    Price
    $375.71
    Value
    $417,038
  • EISNOR DI-ANN
    Director
    Sold
    Date
    8 December 2025
    Shares
    297
    Price
    $336.73
    Value
    $100,009
  • Benton Kelly W
    VP & CAO
    Sold
    Date
    2 December 2025
    Shares
    1,000
    Price
    $314.43
    Value
    $314,430

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.