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Operating Ratio
Shows what percentage of revenue is consumed by operating costs; a lower operating ratio means Saia keeps more profit from each dollar of revenue and signals better cost control and efficiency—critical in low-margin trucking.After multi‑year improvement the operating ratio has moved back into a materially worse range recently, driven by lower weight/length of haul, a diesel-price spike, rising insurance and purchased-transportation costs. Management points to accelerating shipments, strong renewal pricing and productivity gains and is guiding an outsized seasonal Q1→Q2 OR improvement (≈400–450 bps), so the weakness looks at least partly cyclical — but fuel volatility, Southern California softness and cost inflation remain real downside risks to margin recovery and free‑cash‑flow goals.
Date | Operating Ratio |
|---|---|
Jun 30, 2026 | 86.90 |
Mar 31, 2026 | 91.70 |
Dec 31, 2025 | 91.90 |
Sep 30, 2025 | 85.90 |
Jun 30, 2025 | 87.80 |
Mar 31, 2025 | 91.10 |
Dec 31, 2024 | 87.10 |
Sep 30, 2024 | 85.10 |
Jun 30, 2024 | 83.30 |
Mar 31, 2024 | 84.40 |