| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 839.64 | 2.8% | 0.3% |
| Total Income | 839.64 | 2.8% | 0.3% |
| Expenditure | 721.03 | 0.5% | 0.6% |
| PBT | 114.83 | 20.2% | 6.4% |
| Net Profit | 86.32 | 20.9% | 6.9% |
| OPM | 14.13% | 1.96pp | 0.74pp |
| NPM | 10.28% | 1.54pp | 0.73pp |
| EPS | 3.23 | 21.0% | 6.9% |
Saia Reports Third Quarter 2025 Results
04 May 2026 · 4 May, 8:25 am
Summary
Saia, Inc. reported a slight decrease in revenue for the third quarter of 2025, with $839.6 million compared to $842.1 million in the same quarter of the previous year. Operating income also decreased to $118.6 million. The company's diluted earnings per share were $3.22, down from $3.46 in the third quarter of 2024. Saia remains focused on customer service, cost management, and core execution, while continuing to invest in technology and network optimization.
Key Highlights
- 1
Saia's third quarter revenue was $839.6 million, a 0.3% decrease compared to the third quarter of 2024.
- 2
Operating income for the third quarter was $118.6 million, a 5.2% decrease compared to the same period last year.
- 3
Adjusted operating income for the quarter was $104.1 million, reflecting a 16.8% decrease, excluding a net gain on real estate.
- 4
Diluted earnings per share for the quarter were $3.22, compared to $3.46 in the third quarter of 2024.
- 5
Adjusted diluted earnings per share for the quarter were $2.81, excluding a net gain on real estate.
- 6
The operating ratio was 85.9%, while the adjusted operating ratio was 87.6%, compared to 85.1% in the prior year.
- 7
Net capital expenditures were $446.1 million during the first nine months of 2025.
Management Comments
Fritz Holzgrefe
"I was pleased with our team's ability to focus on what was within our control throughout the quarter. We remain intently focused on the customer, while at the same time maintaining cost management and improving core execution." "We saw continued benefits from our ongoing investments in technology and network optimization efforts. These initiatives continued to drive improved efficiency across our national footprint, while also enhancing the customer experience. Our national footprint will continue to scale moving forward, aligning with our long term strategy of getting closer to the customer, providing unique solutions to meet their needs and getting more opportunities as a result of these investments."
Matt Batteh
"We continue to experience volume and revenue growth in our ramping markets, and we are pleased with the progress of our 2024 terminal openings, many of which have just completed their first year of operations. Customers continue to see the Saia, Inc. Third Quarter 2025 ResultsPage 2 value of our expanded network, and our customer first focus puts us in a great position to provide unique solutions across all markets for years to come."
Informational and educational content only. Not investment advice.