Forensic Analysis · Trucking & Courier · as of Nov 8, 2026

Saia Inc (SAIA)

A forensic read on Saia Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

6.1

Distress distance

Clean

Earnings quality

Forensic signals

10.4%

ROE

0.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Saia Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 6.1, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

8.8%

FY2025

Return on invested capital. Return on invested capital is 8.8% in the latest fiscal year and slipping across FY2023–FY2025 from 17.7%. After-tax operating profit was $350M in FY2023 and $266M in FY2025, with operating income at 16.0% of revenue in FY2023, 15.0% in FY2024 and 10.9% in FY2025. The capital base behind it grew +54% across FY2023–FY2025, from $2.0B to $3.0B, while the return fell 8.9 points, so the dollars added over that window earned less than the 17.7% the older base was already earning.

Key fundamentals

Latest Revenue$3.23B

Revenue Growth YoY+0.8%

Revenue CAGR (2yr)+5.9%

Net Margin7.9%

Free Cash Flow$27.3M

Return on Equity10.4%

Debt / Equity0.06x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

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