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Side-by-side financial comparison of SAIA INC (SAIA) and VEON Ltd. (VEON). Click either name above to swap in a different company.

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $790.0M, roughly 1.4× SAIA INC). VEON Ltd. runs the higher net margin — 55.9% vs 6.0%, a 49.9% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs 0.1%).

Saia is an American less than truckload (LTL) trucking company that originated in Houma, Louisiana, in 1924. With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states in the South. Further expansion happened through mergers with other companies, which allowed Saia to provide service for thirty six states. Saia ranks in the top ten of LTL carriers in the United States, with revenues of over $1.8 b...

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

SAIA vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.4× larger
VEON
$1.1B
$790.0M
SAIA
Growing faster (revenue YoY)
VEON
VEON
+5.7% gap
VEON
5.8%
0.1%
SAIA
Higher net margin
VEON
VEON
49.9% more per $
VEON
55.9%
6.0%
SAIA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
SAIA
SAIA
VEON
VEON
Revenue
$790.0M
$1.1B
Net Profit
$47.5M
$608.0M
Gross Margin
Operating Margin
8.1%
75.4%
Net Margin
6.0%
55.9%
Revenue YoY
0.1%
5.8%
Net Profit YoY
-37.6%
583.1%
EPS (diluted)
$1.77
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SAIA
SAIA
VEON
VEON
Q4 25
$790.0M
Q3 25
$839.6M
Q2 25
$817.1M
$1.1B
Q1 25
$787.6M
Q4 24
$789.0M
Q3 24
$842.1M
Q2 24
$823.2M
$1.0B
Q1 24
$754.8M
Net Profit
SAIA
SAIA
VEON
VEON
Q4 25
$47.5M
Q3 25
$86.3M
Q2 25
$71.4M
$608.0M
Q1 25
$49.8M
Q4 24
$76.1M
Q3 24
$92.7M
Q2 24
$102.5M
$89.0M
Q1 24
$90.7M
Operating Margin
SAIA
SAIA
VEON
VEON
Q4 25
8.1%
Q3 25
14.1%
Q2 25
12.2%
75.4%
Q1 25
8.9%
Q4 24
12.9%
Q3 24
14.9%
Q2 24
16.7%
27.1%
Q1 24
15.6%
Net Margin
SAIA
SAIA
VEON
VEON
Q4 25
6.0%
Q3 25
10.3%
Q2 25
8.7%
55.9%
Q1 25
6.3%
Q4 24
9.6%
Q3 24
11.0%
Q2 24
12.5%
8.7%
Q1 24
12.0%
EPS (diluted)
SAIA
SAIA
VEON
VEON
Q4 25
$1.77
Q3 25
$3.22
Q2 25
$2.67
$0.34
Q1 25
$1.86
Q4 24
$2.84
Q3 24
$3.46
Q2 24
$3.83
$0.04
Q1 24
$3.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SAIA
SAIA
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$19.7M
$1.3B
Total DebtLower is stronger
$163.0M
Stockholders' EquityBook value
$2.6B
$1.5B
Total Assets
$3.5B
$8.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAIA
SAIA
VEON
VEON
Q4 25
$19.7M
Q3 25
$35.5M
Q2 25
$18.8M
$1.3B
Q1 25
$16.5M
Q4 24
$19.5M
Q3 24
$14.4M
Q2 24
$11.2M
$862.0M
Q1 24
$12.3M
Total Debt
SAIA
SAIA
VEON
VEON
Q4 25
$163.0M
Q3 25
$218.0M
Q2 25
$307.1M
Q1 25
$291.8M
Q4 24
$195.0M
Q3 24
$184.2M
Q2 24
$169.1M
Q1 24
$76.6M
Stockholders' Equity
SAIA
SAIA
VEON
VEON
Q4 25
$2.6B
Q3 25
$2.5B
Q2 25
$2.4B
$1.5B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
$1.1B
Q1 24
$2.0B
Total Assets
SAIA
SAIA
VEON
VEON
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.5B
$8.5B
Q1 25
$3.4B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.0B
$7.3B
Q1 24
$2.8B
Debt / Equity
SAIA
SAIA
VEON
VEON
Q4 25
0.06×
Q3 25
0.09×
Q2 25
0.13×
Q1 25
0.12×
Q4 24
0.08×
Q3 24
0.08×
Q2 24
0.08×
Q1 24
0.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SAIA
SAIA
VEON
VEON
Operating Cash FlowLast quarter
$137.3M
Free Cash FlowOCF − Capex
$37.5M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
2.89×
TTM Free Cash FlowTrailing 4 quarters
$27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAIA
SAIA
VEON
VEON
Q4 25
$137.3M
Q3 25
$177.8M
Q2 25
$170.7M
Q1 25
$109.1M
Q4 24
$164.7M
Q3 24
$181.7M
Q2 24
$130.8M
Q1 24
$106.5M
Free Cash Flow
SAIA
SAIA
VEON
VEON
Q4 25
$37.5M
Q3 25
$87.6M
Q2 25
$-3.9M
Q1 25
$-93.8M
Q4 24
$-3.5M
Q3 24
$-11.7M
Q2 24
$-94.0M
Q1 24
$-350.7M
FCF Margin
SAIA
SAIA
VEON
VEON
Q4 25
4.7%
Q3 25
10.4%
Q2 25
-0.5%
Q1 25
-11.9%
Q4 24
-0.4%
Q3 24
-1.4%
Q2 24
-11.4%
Q1 24
-46.5%
Capex Intensity
SAIA
SAIA
VEON
VEON
Q4 25
12.6%
Q3 25
10.8%
Q2 25
21.4%
Q1 25
25.8%
Q4 24
21.3%
Q3 24
23.0%
Q2 24
27.3%
Q1 24
60.6%
Cash Conversion
SAIA
SAIA
VEON
VEON
Q4 25
2.89×
Q3 25
2.06×
Q2 25
2.39×
Q1 25
2.19×
Q4 24
2.16×
Q3 24
1.96×
Q2 24
1.28×
Q1 24
1.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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