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.
Peer comparison
Dec 31, 2023