Saia Inc (SAIA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 412,595 | 1,511,707 | 1,502,190 | 1,437,853 | 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 |
| Revenue (ttm) | US$ in thousands | 3,208,532 | 3,168,231 | 3,101,011 | 2,972,214 | 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 |
| Gross profit margin | 12.86% | 47.71% | 48.44% | 48.38% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $412,595K ÷ $3,208,532K
= 12.86%
Saia Inc's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The trend indicates a relatively stable gross profit margin in the range of 55% to 57% from March 2020 to June 2021. There was a notable increase in the gross profit margin from September 2021 to December 2021, reaching a peak of 59.15% in September 2021. This period potentially indicated improved operational efficiency or pricing power.
However, there was a significant decline in the gross profit margin starting from December 2021, which dropped to 46.11% by the end of the year. Subsequently, the gross profit margin continued to decline throughout 2022, hitting a low of 12.86% by December 2024.
The decreasing trend in the gross profit margin from December 2021 to December 2024 suggests potential issues impacting Saia Inc's profitability. Further analysis is recommended to understand the factors contributing to this decline and to identify strategies for improving the company's profitability.
Peer comparison
Dec 31, 2024