Saia Inc (SAIA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 466,227 | 468,048 | 332,773 | 176,278 | 146,652 |
| Revenue | US$ in thousands | 2,877,990 | 2,789,400 | 2,289,390 | 1,819,720 | 1,780,450 |
| Pretax margin | 16.20% | 16.78% | 14.54% | 9.69% | 8.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $466,227K ÷ $2,877,990K
= 16.20%
The pretax margin of Saia Inc. has shown a consistently increasing trend over the past five years, demonstrating effective management of pre-tax profitability. The company's pretax margin increased from 8.21% in 2019 to 16.18% in 2023, reflecting a substantial improvement in profitability. This indicates that Saia Inc. has been successful in controlling its operating expenses relative to its revenues, which has led to higher profitability before taxes. Overall, the pretax margin trend suggests that the company has been able to enhance its operational efficiency and effectiveness in generating pre-tax income over the years.
Peer comparison
Dec 31, 2023