Saia Inc (SAIA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	354,857	357,422	253,235	138,340	113,719
Revenue	US$ in thousands	2,877,990	2,789,400	2,289,390	1,819,720	1,780,450
Net profit margin		12.33%	12.81%	11.06%	7.60%	6.39%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $354,857K ÷ $2,877,990K
= 12.33%

The net profit margin of Saia Inc. has shown a positive trend over the past five years, increasing from 6.36% in 2019 to 12.32% in 2023. This indicates the company's ability to generate profits from its revenue has been improving steadily.

The consistent improvement in the net profit margin reflects efficient cost management and operational performance, resulting in a higher percentage of revenue translating into net income. This may suggest effective control over expenses and a focus on maximizing profitability.

The upward trajectory of the net profit margin also implies that Saia Inc. has been able to enhance its competitiveness and financial health over the years by strengthening its profit generation capabilities.

Overall, the trend in Saia Inc.'s net profit margin demonstrates a positive financial performance and efficiency in converting revenue into profits.