Saia Inc (SAIA)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	413,137	1,392,490	1,449,560	1,055,570	702,712
Revenue	US$ in thousands	3,209,070	2,881,430	2,789,400	2,289,390	1,819,720
Gross profit margin		12.87%	48.33%	51.97%	46.11%	38.62%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $413,137K ÷ $3,209,070K
= 12.87%

Saia Inc's gross profit margin has displayed variability over the years based on the provided data. The margin increased steadily from 38.62% in December 2020 to 51.97% in December 2022, indicating improved efficiency in generating profit from sales. However, there was a notable decline in the gross profit margin to 48.33% by December 2023, which may suggest increased costs relative to sales revenue during that period.

The most significant change occurred in December 2024, where the gross profit margin dropped sharply to 12.87%. This could be a cause for concern as it signifies a substantial decrease in profitability, likely driven by a significant increase in production or operating costs relative to sales revenue.

Overall, Saia Inc's gross profit margin trend indicates periods of both improvement and decline, underscoring the importance of closely monitoring cost management strategies and revenue generation efforts to ensure sustained profitability and operational efficiency.