Saia market cap is $2.5 b, and annual revenue was $1.65 b in FY 2018

Saia Net income (Q3, 2019)33 M

Saia EBIT (Q3, 2019)45.4 M

Saia Cash, 30-Sept-201915 K

Saia EV2.7 B

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Revenue | 1.1b | 1.3b | 1.2b | 1.2b | 1.4b | 1.7b |

| 12% | (4%) | 0% | 13% | ||

## Operating expense total | 1.3b | |||||

## Depreciation and amortization | 51.6m | 59.0m | 65.0m | 87.1m | 102.2m | |

## EBIT | 74.4m | 85.7m | 90.0m | 79.1m | 94.7m | 141.2m |

| 7% | 7% | 7% | 6% | 7% | 9% |

## Interest expense | 6.5m | 4.6m | 4.1m | 4.4m | 5.1m | 5.4m |

## Pre tax profit | 68.1m | 81.2m | 86.0m | 74.9m | 89.8m | 135.8m |

## Income tax expense | 24.5m | 29.2m | 30.9m | 26.9m | (1.4m) | 30.9m |

## Net Income | 43.6m | 52.0m | 55.0m | 48.0m | 91.2m | 105.0m |

- Source: SEC Filings

USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 265.9m | 268.3m | 268.7m | 287.5m | 278.0m | 273.8m | 292.6m | 293.1m | 299.7m | 330.4m | 332.5m | 293.0m | 323.5m | 317.2m | 289.9m | 311.9m | 316.4m | 317.0m | 358.2m | 350.1m | 392.8m | 821.5m | 425.6m | 410.6m | 464.2m | 468.9m |

## Operating expense total | 271.2m | 284.5m | 307.7m | 305.4m | 271.8m | 292.2m | 297.4m | 272.3m | 290.2m | 293.8m | 299.5m | 328.4m | 325.5m | 365.2m | 752.4m | |||||||||||

## Depreciation and amortization | 23.0m | 48.3m | 26.7m | 26.8m | 29.1m | 31.3m | ||||||||||||||||||||

## EBIT | 8.3m | 9.6m | 11.0m | 21.2m | 16.4m | 14.5m | 23.3m | 21.9m | 15.2m | 22.7m | 27.1m | 21.2m | 31.3m | 19.8m | 17.6m | 21.7m | 22.6m | 17.5m | 29.7m | 24.6m | 27.6m | 69.1m | 38.7m | 28.6m | 51.2m | 45.4m |

| 3% | 4% | 4% | 7% | 6% | 5% | 8% | 7% | 5% | 7% | 8% | 7% | 10% | 6% | 6% | 7% | 7% | 6% | 8% | 7% | 7% | 8% | 9% | 7% | 11% | 10% |

## Interest expense | 3.0m | 2.2m | 2.0m | 2.2m | 1.9m | 1.5m | 1.6m | 1.8m | 1.3m | 1.2m | 1.1m | 1.0m | 1.1m | 1.0m | 963.0k | 1.3m | 1.2m | 911.0k | 1.5m | 1.3m | 1.2m | 2.7m | 1.4m | 1.4m | 1.9m | 1.9m |

## Pre tax profit | 5.3m | 7.3m | 9.2m | 19.0m | 14.5m | 13.1m | 21.7m | 20.3m | 13.9m | 21.6m | 26.1m | 20.3m | 30.2m | 18.8m | 16.6m | 20.5m | 21.6m | 16.5m | 28.1m | 23.4m | 26.5m | 66.7m | 37.4m | 27.6m | 49.4m | 43.5m |

## Income tax expense | 2.0m | 2.5m | 3.6m | 7.1m | 5.3m | 3.9m | 8.2m | 7.4m | 5.4m | 8.0m | 9.8m | 7.7m | 11.0m | 7.0m | 6.1m | 7.2m | 7.7m | 5.1m | 10.5m | 9.0m | 5.3m | 15.3m | 9.2m | 5.3m | 12.3m | 10.5m |

## Net Income | 3.4m | 4.8m | 5.5m | 11.9m | 9.3m | 9.2m | 13.5m | 12.9m | 8.6m | 13.6m | 16.3m | 12.6m | 19.2m | 11.8m | 10.6m | 13.3m | 13.8m | 11.4m | 17.6m | 14.4m | 21.1m | 51.4m | 28.2m | 22.3m | 37.1m | 33.0m |

- Source: SEC Filings

USD | Y, 2009 | Y, 2010 | FY, 2011 | Y, 2011 | FY, 2012 | Y, 2012 | Y, 2013 | FY, 2013 | Y, 2014 | FY, 2014 | Y, 2015 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 8.7m | 29.0m | 1.3m | 1.3m | 321.0k | 321.0k | 159.0k | 159.0k | 4.4m | 4.4m | 124.0k | 124.0k | 1.5m | 4.7m | 2.2m |

## Accounts Receivable | 107.4m | 106.8m | 117.9m | 128.4m | 124.2m | 67.9m | 170.6m | 181.6m | |||||||

## Prepaid Expenses | 11.6m | 11.5m | 13.2m | 13.7m | 14.2m | 17.5m | 20.6m | ||||||||

## Inventories | |||||||||||||||

## Current Assets | 142.8m | 144.2m | 170.3m | 170.3m | 189.6m | 189.6m | 159.0m | 159.0m | 166.5m | 203.6m | 213.4m | ||||

## PP&E | 324.5m | 361.7m | 432.2m | 483.6m | 539.2m | 1.3b | 893.1m | ||||||||

## Goodwill | 5.2m | 5.2m | 5.2m | 5.2m | 5.2m | 12.0m | 12.0m | 12.1m | 12.1m | 12.1m | |||||

## Total Assets | 474.9m | 519.7m | 616.8m | 616.8m | 686.4m | 686.4m | 729.2m | 729.2m | 800.4m | 967.6m | 1.1b | ||||

## Accounts Payable | 39.8m | 43.7m | 50.8m | 50.8m | 42.4m | 42.4m | 54.8m | 54.8m | 45.1m | 57.7m | 79.0m | ||||

## Short-term debt | 22.1m | 22.1m | 7.1m | 7.1m | 9.1m | 9.1m | 12.4m | 12.4m | 16.8m | 14.1m | 18.1m | ||||

## Current Liabilities | 124.3m | 141.3m | 140.9m | 140.9m | 130.5m | 130.5m | 141.4m | 141.4m | 144.9m | 167.2m | 209.3m | ||||

## Long-term debt | 50.7m | 38.6m | 69.7m | 73.9m | 56.5m | 118.8m | 104.8m | ||||||||

## Non-Current Liabilities | 131.2m | 123.9m | 171.2m | 189.1m | |||||||||||

## Total Debt | 72.9m | 60.7m | 7.1m | 7.1m | 9.1m | 83.0m | 12.4m | 12.4m | 16.8m | 132.9m | 18.1m | ||||

## Common Stock | 16.0k | 16.0k | 24.0k | 25.0k | 25.0k | 26.0k | |||||||||

## Additional Paid-in Capital | 203.8m | 207.0m | 213.6m | 213.6m | 223.7m | 223.7m | 230.6m | 230.6m | 237.8m | 246.5m | 254.7m | ||||

## Retained Earnings | 17.7m | 49.7m | 93.4m | 93.4m | 145.4m | 145.4m | 200.4m | 200.4m | 248.4m | 339.6m | 444.5m | ||||

## Total Equity | 219.3m | 254.5m | 304.8m | 304.8m | 366.9m | 366.9m | 427.9m | 427.9m | 483.1m | 582.5m | 695.9m | ||||

## Debt to Equity Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0.2 x | 0 x | |||||||

## Debt to Assets Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0.1 x | 0 x | |||||||

## Financial Leverage | 2.2 x | 2 x | 2 x | 2 x | 1.9 x | 1.9 x | 1.7 x | 1.7 x | 1.7 x | 1.7 x | 1.6 x |

- Source: SEC Filings

USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 10.7m | 3.5m | 60.0k | 826.0k | 804.0k | 437.0k | 2.9m | 4.1m | 842.0k | 1.8m | 7.2m | 196.0k | 3.7m | 4.5m | 238.0k | 360.0k | 789.0k | 711.0k | 399.0k | 81.0k | 496.0k | 1.2m | 529.0k | 31.0k | 503.0k | 15.0k |

## Accounts Receivable | 114.7m | 115.2m | 120.7m | 123.7m | 124.8m | 126.6m | 130.9m | 127.5m | 141.9m | 148.9m | 146.6m | 140.3m | 146.2m | 139.0m | 137.6m | 142.3m | 143.5m | 149.0m | 167.0m | 172.1m | 191.4m | 200.6m | 198.0m | 202.1m | 227.0m | 218.0m |

## Prepaid Expenses | 30.0m | 29.3m | 29.2m | 27.2m | 31.1m | 32.6m | 33.6m | 26.2m | 38.9m | 33.8m | 31.7m | |||||||||||||||

## Current Assets | 155.4m | 148.0m | 150.0m | 151.7m | 156.7m | 159.6m | 167.4m | 169.2m | 186.4m | 194.5m | 193.5m | 196.0m | 194.0m | 185.7m | 175.4m | 172.1m | 166.4m | 184.6m | 197.6m | 200.6m | 226.0m | 232.7m | 224.7m | 241.1m | 261.4m | 249.7m |

## PP&E | 297.5m | 318.8m | 357.1m | 372.2m | 368.8m | 360.9m | 418.3m | 835.7m | 905.5m | 991.3m | 1.0b | |||||||||||||||

## Goodwill | 5.2m | 9.3m | 9.1m | 23.0m | 22.4m | 22.1m | 21.8m | |||||||||||||||||||

## Total Assets | 460.1m | 474.0m | 514.9m | 531.9m | 542.3m | 535.1m | 600.5m | 605.7m | 643.8m | 682.7m | 679.5m | 739.5m | 756.3m | 751.0m | 795.7m | 828.9m | 808.6m | 927.2m | 940.3m | 952.7m | 1.0b | 1.1b | 1.1b | 1.2b | 1.4b | 1.4b |

## Accounts Payable | 41.1m | 38.2m | 54.3m | 49.0m | 52.4m | 53.5m | 59.6m | 49.0m | 66.1m | 62.9m | 57.5m | 57.3m | 49.9m | 59.5m | 59.7m | 49.7m | 48.1m | 71.0m | 55.7m | 63.7m | 65.9m | 71.0m | 62.0m | 72.0m | 77.5m | 84.9m |

## Short-term debt | 19.6m | 19.6m | 22.1m | 22.1m | 22.1m | 22.1m | 14.6m | 14.6m | 7.1m | 7.1m | 8.1m | 9.6m | 11.2m | 12.0m | 13.7m | 16.6m | 16.7m | 19.2m | 16.7m | 17.1m | 14.8m | 16.8m | 17.6m | 17.9m | 19.0m | 19.2m |

## Current Liabilities | 115.7m | 120.6m | 143.8m | 141.9m | 149.6m | 147.2m | 147.6m | 143.2m | 155.9m | 153.5m | 153.3m | 147.0m | 149.0m | 154.5m | 150.5m | 144.9m | 153.4m | 174.4m | 167.7m | 183.5m | 178.7m | 205.6m | 209.8m | 211.5m | 237.2m | 244.1m |

## Long-term debt | 61.8m | 61.8m | 64.3m | 68.6m | 59.0m | 36.6m | 84.4m | 103.7m | 189.0m | 216.9m | 232.6m | |||||||||||||||

## Non-Current Liabilities | 133.1m | 136.8m | 145.6m | 151.8m | 144.4m | 123.9m | 171.6m | |||||||||||||||||||

## Total Debt | 81.4m | 81.4m | 86.5m | 90.7m | 81.2m | 58.8m | 99.0m | 14.6m | 7.1m | 7.1m | 8.1m | 9.6m | 11.2m | 12.0m | 13.7m | 16.6m | 16.7m | 19.2m | 16.7m | 17.1m | 14.8m | 16.8m | 121.3m | 206.9m | 235.8m | 251.8m |

## Common Stock | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 16.0k | 24.0k | 26.0k | 26.0k | 26.0k | 26.0k | |||||||||||||||

## Preferred Stock | ||||||||||||||||||||||||||

## Additional Paid-in Capital | 203.2m | 203.5m | 204.6m | 205.4m | 206.2m | 207.3m | 211.1m | 211.8m | 215.0m | 216.9m | 219.5m | 223.8m | 226.9m | 228.0m | 231.1m | 233.2m | 234.0m | 239.0m | 241.1m | 243.4m | 250.2m | 252.5m | 253.4m | 254.6m | 257.6m | 259.4m |

## Retained Earnings | 10.4m | 15.2m | 23.2m | 35.1m | 44.3m | 58.9m | 72.4m | 85.3m | 101.9m | 115.5m | 131.8m | 158.0m | 177.2m | 189.0m | 210.9m | 224.2m | 238.0m | 259.8m | 277.4m | 291.8m | 360.6m | 390.9m | 419.1m | 466.7m | 503.8m | 536.8m |

## Total Equity | 211.4m | 216.5m | 225.6m | 238.2m | 248.3m | 264.0m | 281.2m | 294.8m | 314.7m | 330.2m | 349.1m | 379.3m | 401.0m | 413.8m | 438.8m | 454.2m | 468.9m | 495.5m | 515.0m | 531.8m | 607.4m | 640.0m | 669.3m | 717.7m | 757.5m | 792.4m |

## Debt to Equity Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | |||||||||||

## Debt to Assets Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | |||||||||||

## Financial Leverage | 2.2 x | 2.2 x | 2.3 x | 2.2 x | 2.2 x | 2 x | 2.1 x | 2.1 x | 2 x | 2.1 x | 1.9 x | 1.9 x | 1.9 x | 1.8 x | 1.8 x | 1.8 x | 1.7 x | 1.9 x | 1.8 x | 1.8 x | 1.7 x | 1.7 x | 1.6 x | 1.7 x | 1.8 x | 1.8 x |

- Source: SEC Filings

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|

## Net Income | 11.4m | 32.0m | 43.6m | 52.0m | 55.0m | 48.0m | 91.2m | 105.0m |

## Depreciation and Amortization | 37.3m | 48.0m | 51.6m | 59.0m | 65.0m | 76.2m | 87.1m | 102.2m |

## Accounts Receivable | (14.4m) | 538.0k | (13.0m) | (12.0m) | 6.9m | (12.3m) | (38.2m) | (13.0m) |

## Inventories | ||||||||

## Accounts Payable | 2.0m | 3.4m | 5.5m | (8.6m) | (382.0k) | (3.4m) | 7.1m | 10.6m |

## Cash From Operating Activities | 58.2m | 100.7m | 101.3m | 102.2m | 142.7m | 145.8m | 157.8m | 256.4m |

## Purchases of PP&E | (70.9m) | (86.1m) | (126.4m) | (97.7m) | (86.5m) | (119.4m) | 186.7m | (223.7m) |

## Cash From Investing Activities | (67.9m) | (90.4m) | (122.0m) | (94.8m) | (107.9m) | (117.7m) | (181.5m) | (222.6m) |

## Short-term Borrowings | (233.9m) | |||||||

## Long-term Borrowings | (17.1m) | (22.1m) | (22.1m) | (7.1m) | (16.1m) | |||

## Cash From Financing Activities | (18.0m) | (11.2m) | 20.5m | (3.1m) | (39.0m) | (26.7m) | 26.9m | (36.4m) |

## Net Change in Cash | (27.7m) | (996.0k) | 3.2m | (2.5m) | ||||

## Income Taxes Paid | 19.3m |

- Source: SEC Filings

USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 4.1m | 8.9m | 5.5m | 17.4m | 26.6m | 9.2m | 22.7m | 12.9m | 8.6m | 13.6m | 16.3m | 12.6m | 19.2m | 11.8m | 10.6m | 13.3m | 13.8m | 11.4m | 29.0m | 43.4m | 21.1m | 51.4m | 79.6m | 22.3m | 59.3m | 92.3m |

## Depreciation and Amortization | 17.4m | 27.1m | 11.4m | 23.4m | 35.7m | 11.6m | 24.0m | 13.7m | 13.8m | 15.1m | 15.3m | 15.2m | 16.6m | 16.8m | 17.2m | 19.7m | 19.9m | 20.1m | 42.3m | 64.6m | 23.0m | 48.3m | 75.0m | 26.8m | 55.9m | 87.3m |

## Accounts Receivable | 148.9m | 146.6m | 140.3m | 146.2m | 139.0m | 137.6m | 142.3m | 143.5m | 149.0m | |||||||||||||||||

## Accounts Payable | 62.9m | 57.5m | 57.3m | 49.9m | 59.5m | 59.7m | 49.7m | 48.1m | 71.0m | |||||||||||||||||

## Cash From Operating Activities | 10.7m | 34.7m | 24.0m | 50.3m | 77.4m | 7.0m | 32.0m | 79.3m | 127.7m | 35.5m | 112.1m | 187.1m | 30.4m | 113.6m | 207.3m | |||||||||||

## Purchases of PP&E | (20.9m) | (52.3m) | (40.6m) | (71.4m) | (81.9m) | (6.7m) | (72.1m) | (127.3m) | (155.7m) | (46.9m) | (118.6m) | (155.2m) | (56.7m) | (166.4m) | (245.2m) | |||||||||||

## Cash From Investing Activities | (20.6m) | (51.8m) | (39.2m) | (69.3m) | (86.9m) | (6.0m) | (70.8m) | (126.4m) | (152.6m) | (46.8m) | (118.2m) | (154.4m) | (56.5m) | (166.1m) | (244.5m) | |||||||||||

## Short-term Borrowings | (62.9m) | (151.4m) | (262.3m) | (70.4m) | (159.1m) | (170.7m) | (55.8m) | (100.5m) | (221.0m) | |||||||||||||||||

## Long-term Borrowings | (8.6m) | (8.6m) | (11.1m) | (11.1m) | (58.5m) | (11.1m) | (9.1m) | (12.4m) | (11.6m) | (4.6m) | (9.0m) | (13.8m) | ||||||||||||||

## Cash From Financing Activities | (8.4m) | (8.4m) | 13.9m | 18.5m | 9.0m | (887.0k) | 41.4m | 46.0m | 23.4m | 7.1m | 2.5m | (36.9m) | 23.9m | 50.8m | 35.0m | |||||||||||

## Net Change in Cash | (18.3m) | (25.5m) | (1.3m) | (491.0k) | (513.0k) | 116.0k | 2.6m | (1.1m) | (1.5m) | (4.2m) | (2.2m) | (1.7m) | (2.2m) |

- Source: SEC Filings

USD | Y, 2019 |
---|---|

## EV/EBIT | 59.6 x |

## EV/CFO | 13 x |

## Financial Leverage | 1.8 x |