Saia Inc cash flow statement

In fiscal 2025, Saia Inc's operations generated $595m of cash; it spent $568m on capital projects, leaving free cash flow of $27.3m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Saia Inc: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	146	158	256	273	309	383	473	578	584	595	618
Depreciation and amortisation	76	87	102	119	135	142	157	179	210	249	253
Stock-based pay	5	5	6	6	8	9	9	12	14	17	—
Capital spending	119	187	224	288	231	286	367	440	1,044	568	339
Free cash flow	27	−29	33	−15	78	97	106	138	−460	27	279
Free cash flow after stock pay	22	−34	27	−21	70	88	97	126	−474	10	—

US$ millions unless shown otherwise. Fiscal quarters.

Saia Inc: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	165	109	171	178	137	140	152	190
Depreciation and amortisation	54	59	63	64	63	62	64	64
Stock-based pay	—	5	4	4	—	4	4	5
Capital spending	168	203	175	90	100	66	95	78
Free cash flow	−4	−94	−4	88	37	74	57	111
Free cash flow after stock pay	—	−98	−8	84	—	70	52	106

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Saia Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Saia Inc.