Saia Inc (SAIA)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,392,490	1,449,560	1,055,570	702,712	690,871
Revenue	US$ in thousands	2,877,990	2,789,400	2,289,390	1,819,720	1,780,450
Gross profit margin		48.38%	51.97%	46.11%	38.62%	38.80%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,392,490K ÷ $2,877,990K
= 48.38%

Saia Inc. has maintained a consistent gross profit margin of 100.00% over the past five years (from Dec 31, 2019, to Dec 31, 2023). This implies that the company is effectively managing its production costs and pricing strategies to generate a high level of gross profit relative to its revenue during this period. A gross profit margin of 100.00% indicates that the company is efficiently converting its sales into profits after accounting for the cost of goods sold. This stability in the gross profit margin suggests that Saia Inc. has maintained a strong competitive position in its industry and has been able to sustain profitability consistently.