Filing Flows › Saia (SAIA) › Q4 2025
Saia (SAIA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Saia (SAIA) reported revenue of $790M for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -6% from the quarter before. Operating margin was 8.1%, net earnings $47.5M (6.0% of revenue).
Saia, Q4 2025: revenue $790M (+0.1% year over year), operating margin 8.1%, net earnings $47.5M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $790M | -6% | +0.1% |
| Operating profit | $64.0M | -46% | -37% |
| Net earnings | $47.5M | -45% | -38% |
| Operating cash flow | $137M | -23% | -17% |
| Free cash flow | $37.5M | -57% | — |
What changed
Revenue was $790.0M in Q4 2025, roughly flat year over year and down 6% from the previous quarter.
Operating profit was $64.0M, a 8.1% margin (down 4.8 points year over year). Operating profit fell $37.5M even though revenue rose $1.0M versus a year earlier, so costs grew faster than sales. Total costs grew 6% against flat revenue. Net earnings were $47.5M, down 38% year over year. The effective tax rate was 22.7%.
Operating cash flow was $137.3M (down 17% year over year), 289% of net earnings. Non-cash charges added back $62.9M of depreciation and amortization. Working capital and other items added $26.8M. Capital expenditures of $99.8M left free cash flow of $37.5M.
Questions
What was Saia's revenue in the fourth quarter 2025?
Saia (SAIA) reported revenue of $790M for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -6% from the quarter before.
Was Saia profitable in the fourth quarter 2025?
Operating profit was $64.0M (8.1% of revenue) and net earnings $47.5M.
Source: Saia 10-K on SEC EDGAR.