Saia Inc (SAIA)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,392,489	1,358,871	1,363,613	1,435,515	1,449,556	1,423,118	1,335,858	1,186,135	1,055,573	1,271,652	1,161,968	1,052,132	1,021,888	988,471	977,777	1,015,606	998,675	962,360	947,469	933,791
Revenue (ttm)	US$ in thousands	2,877,988	2,783,224	2,737,815	2,788,663	2,789,396	2,750,341	2,640,762	2,466,465	2,289,386	2,149,757	2,010,987	1,856,791	1,819,754	1,786,337	1,772,393	1,818,283	1,780,974	1,744,659	1,701,913	1,666,971
Gross profit margin		48.38%	48.82%	49.81%	51.48%	51.97%	51.74%	50.59%	48.09%	46.11%	59.15%	57.78%	56.66%	56.16%	55.34%	55.17%	55.86%	56.07%	55.16%	55.67%	56.02%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,392,489K ÷ $2,877,988K
= 48.38%

Based on the data provided, Saia Inc. has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100.00% indicates that the company is effectively managing its production costs and generating a high level of profitability on sales before accounting for operating expenses. This stable and high gross profit margin over multiple quarters suggests efficiency in cost control, pricing strategies, and potentially differentiation in the market. It is essential to further analyze the company's operating expenses and overall financial performance to gain a deeper understanding of its profitability and sustainability.