SAIA INC
SAIA · Trucking (No Local) · 26.7M shares · +0%/yr ↑ shares · EDGAR filings ↗
Reference price $468.77 · est. market cap ~$12.5B — last insider sale, 2026-05-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72High-quality, low-leverage LTL carrier with top-quartile returns by percentile but a clear earnings-decline year.
Strengths
- Top-quartile returns relative to sector: ROA 83.3rd, ROE 83.3rd pct
- Very low leverage (D/E 10th pct) and strong interest coverage (21x, 90.8th)
- Solid margins: operating 10.9% (72.5th), OCF 18.4% (73.6th)
Risks
- Net income fell ~30% and operating income dropped $482M→$352M — real margin compression
- Revenue essentially flat (+0.8%, 30.8th pct); cyclical/competitive LTL pricing
- Low cash balance (36th pct) and FCF margin only 39th pct
Notable findings
- Insider sellingInsider selling — 10 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$6M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
10.9%
Net margin
7.9%
Return on equity
9.9%
Return on assets
7.3%
ROIC
10.2%
Revenue growth (QoQ)
2.1%
Net-income growth
-29.6%
Debt / equity
0.1×
Net debt / EBITDA
0.2×
Interest coverage
21.4×
Current ratio
1.6×
Free cash flow
$27M
EBITDA
$601M
Tangible book value
$2.6B
Cash & investments
$20M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Norwood Anthony R | Sell | 292 | $468.77 |
| 2026-05-13 | HOLZGREFE FREDERICK J III | Other | 10K | $431.42 |
| 2026-05-13 | HOLZGREFE FREDERICK J III | Other | 10K | $431.42 |
| 2026-05-11 | HOLZGREFE FREDERICK J III | Gift | 10K | — |
| 2026-05-11 | HOLZGREFE FREDERICK J III | Gift | 10K | — |
| 2026-05-04 | James Donald R | Grant | 395 | — |
| 2026-05-04 | Ward Susan F | Grant | 395 | — |
| 2026-05-04 | EISNOR DI-ANN | Grant | 660 | — |
| 2026-05-04 | ODELL RICHARD D | Grant | 395 | — |
| 2026-03-09 | SUGAR PATRICK D | Tax withheld | 204 | $368.78 |
| 2026-02-17 | EISNOR DI-ANN | Sell | 500 | $389.88 |
| 2026-02-13 | HOLZGREFE FREDERICK J III | Sell | 4.8K | $388.80 |
| 2026-02-13 | Batteh Matthew J | Sell | 766 | $388.94 |
| 2026-02-13 | Batteh Matthew J | Sell | 150 | $389.50 |
| 2026-02-13 | Benton Kelly W | Sell | 800 | $389.00 |
| 2026-02-13 | SUGAR PATRICK D | Sell | 2.7K | $386.74 |
| 2026-02-13 | RAMU RAYMOND R | Sell | 3.7K | $387.73 |
| 2026-02-13 | RAMU RAYMOND R | Sell | 1.5K | $388.48 |
| 2026-02-12 | Benton Kelly W | Grant | 498 | — |
| 2026-02-12 | HOLZGREFE FREDERICK J III | Grant | 6.6K | — |
| 2026-02-12 | SUGAR PATRICK D | Grant | 2.1K | — |
| 2026-02-12 | Batteh Matthew J | Grant | 1.7K | — |
| 2026-02-12 | Batteh Matthew J | Option exercise | 1.1K | $100.20 |
| 2026-02-12 | Batteh Matthew J | Sell | 1.1K | $375.71 |
| 2026-02-12 | Patel Tarak | Grant | 425 | — |
| 2026-02-12 | RAMU RAYMOND R | Grant | 2.3K | — |
| 2026-02-12 | Norwood Anthony R | Grant | 1.0K | — |
| 2026-02-09 | Benton Kelly W | Tax withheld | 204 | $409.60 |
| 2026-02-09 | Batteh Matthew J | Grant | 757 | — |
| 2026-02-09 | Batteh Matthew J | Tax withheld | 224 | $409.60 |
| 2026-02-09 | Batteh Matthew J | Tax withheld | 41 | $409.60 |
| 2026-02-09 | Norwood Anthony R | Grant | 898 | — |
| 2026-02-09 | Norwood Anthony R | Tax withheld | 49 | $409.60 |
| 2026-02-09 | Norwood Anthony R | Tax withheld | 256 | $409.60 |
| 2026-02-09 | Benton Kelly W | Grant | 689 | — |
| 2026-02-09 | Benton Kelly W | Tax withheld | 44 | $409.60 |
| 2026-02-09 | SUGAR PATRICK D | Grant | 3.1K | — |
| 2026-02-09 | SUGAR PATRICK D | Tax withheld | 167 | $409.60 |
| 2026-02-09 | SUGAR PATRICK D | Tax withheld | 1.2K | $409.60 |
| 2026-02-09 | RAMU RAYMOND R | Grant | 3.6K | — |
| 2026-02-09 | RAMU RAYMOND R | Tax withheld | 1.5K | $409.60 |
| 2026-02-09 | RAMU RAYMOND R | Tax withheld | 194 | $409.60 |
| 2026-02-09 | HOLZGREFE FREDERICK J III | Grant | 8.6K | — |
| 2026-02-09 | HOLZGREFE FREDERICK J III | Tax withheld | 698 | $409.60 |
| 2026-02-09 | HOLZGREFE FREDERICK J III | Tax withheld | 3.8K | $409.60 |
| 2026-02-06 | SUGAR PATRICK D | Tax withheld | 95 | $415.46 |
| 2026-02-06 | RAMU RAYMOND R | Tax withheld | 111 | $415.46 |
| 2026-02-06 | HOLZGREFE FREDERICK J III | Tax withheld | 358 | $415.46 |
| 2026-02-06 | Norwood Anthony R | Tax withheld | 36 | $415.46 |
| 2026-02-06 | Benton Kelly W | Tax withheld | 35 | $415.46 |
| 2026-02-06 | Batteh Matthew J | Tax withheld | 25 | $415.46 |
| 2026-02-05 | SUGAR PATRICK D | Tax withheld | 137 | $404.75 |
| 2026-02-05 | Batteh Matthew J | Tax withheld | 91 | $404.75 |
| 2026-02-05 | Benton Kelly W | Tax withheld | 38 | $404.75 |
| 2026-02-05 | HOLZGREFE FREDERICK J III | Tax withheld | 440 | $404.75 |
| 2026-02-05 | Norwood Anthony R | Tax withheld | 61 | $404.75 |
| 2026-02-05 | RAMU RAYMOND R | Tax withheld | 152 | $404.75 |
| 2025-12-08 | EISNOR DI-ANN | Sell | 297 | $336.73 |
| 2025-12-02 | Benton Kelly W | Sell | 1.0K | $314.43 |
| 2025-11-26 | EPPS DONNA E | Buy | 422 | $277.60 |
| 2025-11-26 | EPPS DONNA E | Sell | 422 | $277.43 |
| 2025-11-18 | RAMU RAYMOND R | Sell | 1.0K | $266.57 |
| 2025-11-03 | Patel Tarak | Grant | 1.4K | — |
| 2025-11-02 | Benton Kelly W | Tax withheld | 196 | $292.50 |
| 2025-11-02 | Norwood Anthony R | Tax withheld | 155 | $292.50 |
| 2025-05-01 | ODELL RICHARD D | Grant | 318 | — |
| 2025-05-01 | Ward Susan F | Grant | 318 | — |
| 2025-05-01 | James Donald R | Grant | 318 | — |
| 2025-05-01 | EPPS DONNA E | Grant | 318 | — |
| 2025-05-01 | EISNOR DI-ANN | Grant | 766 | — |
| 2025-03-10 | SUGAR PATRICK D | Tax withheld | 103 | $366.60 |
| 2025-03-03 | Norwood Anthony R | Grant | 888 | — |
| 2025-03-03 | Norwood Anthony R | Tax withheld | 64 | $390.34 |
| 2025-03-03 | Norwood Anthony R | Tax withheld | 255 | $390.34 |
| 2025-02-24 | RAMU RAYMOND R | Option exercise | 1.3K | $277.86 |
| 2025-02-24 | RAMU RAYMOND R | Option exercise | 700 | $200.81 |
| 2025-02-24 | RAMU RAYMOND R | Sell | 700 | $415.80 |
| 2025-02-24 | RAMU RAYMOND R | Sell | 1.3K | $415.80 |
| 2025-02-18 | Batteh Matthew J | Sell | 700 | $500.09 |
| 2025-02-18 | Benton Kelly W | Option exercise | 460 | $277.86 |
| 2025-02-18 | Benton Kelly W | Sell | 460 | $500.00 |
| 2025-02-11 | EPPS DONNA E | Sell | 350 | $496.24 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Tax withheld | 701 | $495.99 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Option exercise | 3.4K | $277.86 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Option exercise | 2.2K | $200.81 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Sell | 2.2K | $488.34 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Sell | 3.4K | $488.34 |
| 2025-02-10 | HOLZGREFE FREDERICK J III | Sell | 2.0K | $484.57 |
| 2025-02-10 | Norwood Anthony R | Tax withheld | 55 | $495.99 |
| 2025-02-10 | SUGAR PATRICK D | Sell | 372 | $493.72 |
| 2025-02-10 | SUGAR PATRICK D | Option exercise | 427 | $277.86 |
| 2025-02-10 | SUGAR PATRICK D | Sell | 427 | $493.76 |
| 2025-02-10 | SUGAR PATRICK D | Tax withheld | 253 | $495.99 |
| 2025-02-10 | RAMU RAYMOND R | Tax withheld | 294 | $495.99 |
| 2025-02-10 | Lal Rohit | Tax withheld | 51 | $495.99 |
| 2025-02-10 | Batteh Matthew J | Tax withheld | 42 | $495.99 |
| 2025-02-10 | Benton Kelly W | Tax withheld | 38 | $495.99 |
| 2025-02-07 | HOLZGREFE FREDERICK J III | Tax withheld | 3.8K | $489.51 |
| 2025-02-07 | HOLZGREFE FREDERICK J III | Tax withheld | 815 | $489.51 |
| 2025-02-07 | SUGAR PATRICK D | Grant | 2.1K | — |
| 2025-02-07 | RAMU RAYMOND R | Tax withheld | 239 | $489.51 |
| 2025-02-07 | HOLZGREFE FREDERICK J III | Grant | 8.5K | — |
| 2025-02-07 | SUGAR PATRICK D | Tax withheld | 159 | $489.51 |
| 2025-02-07 | Lal Rohit | Grant | 898 | — |
| 2025-02-07 | Lal Rohit | Tax withheld | 267 | $489.51 |
| 2025-02-07 | Lal Rohit | Tax withheld | 75 | $489.51 |
| 2025-02-07 | RAMU RAYMOND R | Grant | 3.2K | — |
| 2025-02-07 | Batteh Matthew J | Grant | 780 | — |
| 2025-02-07 | Batteh Matthew J | Tax withheld | 231 | $489.51 |
| 2025-02-07 | Batteh Matthew J | Tax withheld | 66 | $489.51 |
| 2025-02-07 | SUGAR PATRICK D | Tax withheld | 787 | $489.51 |
| 2025-02-07 | Benton Kelly W | Grant | 756 | — |
| 2025-02-07 | Benton Kelly W | Tax withheld | 224 | $489.51 |
| 2025-02-07 | Benton Kelly W | Tax withheld | 65 | $489.51 |
| 2025-02-07 | RAMU RAYMOND R | Tax withheld | 1.3K | $489.51 |
| 2025-02-06 | RAMU RAYMOND R | Tax withheld | 120 | $508.47 |
| 2025-02-06 | HOLZGREFE FREDERICK J III | Tax withheld | 313 | $508.47 |
| 2025-02-06 | Batteh Matthew J | Tax withheld | 28 | $508.47 |
| 2025-02-06 | Benton Kelly W | Tax withheld | 35 | $508.47 |
| 2025-02-06 | Lal Rohit | Tax withheld | 34 | $508.47 |
| 2025-02-06 | Norwood Anthony R | Tax withheld | 36 | $508.47 |
| 2025-02-06 | SUGAR PATRICK D | Tax withheld | 106 | $508.47 |
| 2025-02-05 | SUGAR PATRICK D | Grant | 1.2K | — |
| 2025-02-05 | HOLZGREFE FREDERICK J III | Grant | 4.4K | — |
| 2025-02-05 | Lal Rohit | Grant | 316 | — |
| 2025-02-05 | Benton Kelly W | Grant | 323 | — |
| 2025-02-05 | Batteh Matthew J | Grant | 778 | — |
| 2025-02-05 | RAMU RAYMOND R | Grant | 1.4K | — |
| 2025-02-05 | Norwood Anthony R | Grant | 542 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-02 | 2026-06-02 | 0001193125-26-252530 ↗ |
| 8-K | 2026-05-06 | 2026-04-30 | 0001193125-26-209411 ↗ |
| 8-K | 2026-05-05 | 2026-04-29 | 0001193125-26-206817 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001193125-26-194062 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197324 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001193125-26-086706 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001193125-26-067030 ↗ |
| 8-K | 2026-02-17 | 2026-02-10 | 0001193125-26-055047 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001193125-26-043714 ↗ |
| 8-K | 2025-12-02 | 2025-12-02 | 0001193125-25-304538 ↗ |
| 8-K | 2025-11-05 | 2025-10-30 | 0001193125-25-267032 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001193125-25-258666 ↗ |