Saia Inc (SAIA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	460,496	470,488	335,141	180,321	152,586
Revenue	US$ in thousands	2,877,990	2,789,400	2,289,390	1,819,720	1,780,450
Operating profit margin		16.00%	16.87%	14.64%	9.91%	8.57%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $460,496K ÷ $2,877,990K
= 16.00%

Saia Inc.'s operating profit margin has shown an increasing trend over the past five years, reflecting improved operational efficiency and profitability. The company's operating profit margin was 16.01% in 2023, slightly lower than the previous year but still at a relatively high level. This indicates that Saia Inc. is effectively managing its operating expenses and generating a healthy profit from its core business activities. Compared to 2019 and 2020, the company has made significant progress in enhancing its operating profit margin, demonstrating a positive trend in its financial performance. Overall, Saia Inc.'s improving operating profit margin suggests that the company is becoming more profitable and efficient in its operations.