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Side-by-side financial comparison of SAIA INC (SAIA) and XPO, Inc. (XPO), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $790.0M, roughly 2.5× SAIA INC). SAIA INC runs the higher net margin — 6.0% vs 2.9%, a 3.1% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs 0.1%). Over the past eight quarters, SAIA INC's revenue compounded faster (2.3% CAGR 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...
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
SAIA vs XPO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $790.0M | $2.0B |
| Net Profit | $47.5M | $59.0M |
| Gross Margin | — | — |
| Operating Margin | 8.1% | 7.1% |
| Net Margin | 6.0% | 2.9% |
| Revenue YoY | 0.1% | 4.7% |
| Net Profit YoY | -37.6% | -21.3% |
| EPS (diluted) | $1.77 | $0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $790.0M | $2.0B | ||
| Q3 25 | $839.6M | $2.1B | ||
| Q2 25 | $817.1M | $2.1B | ||
| Q1 25 | $787.6M | $2.0B | ||
| Q4 24 | $789.0M | $1.9B | ||
| Q3 24 | $842.1M | $2.1B | ||
| Q2 24 | $823.2M | $2.1B | ||
| Q1 24 | $754.8M | $2.0B |
| Q4 25 | $47.5M | $59.0M | ||
| Q3 25 | $86.3M | $82.0M | ||
| Q2 25 | $71.4M | $106.0M | ||
| Q1 25 | $49.8M | $69.0M | ||
| Q4 24 | $76.1M | $75.0M | ||
| Q3 24 | $92.7M | $95.0M | ||
| Q2 24 | $102.5M | $150.0M | ||
| Q1 24 | $90.7M | $67.0M |
| Q4 25 | 8.1% | 7.1% | ||
| Q3 25 | 14.1% | 7.8% | ||
| Q2 25 | 12.2% | 9.5% | ||
| Q1 25 | 8.9% | 7.7% | ||
| Q4 24 | 12.9% | 7.8% | ||
| Q3 24 | 14.9% | 8.6% | ||
| Q2 24 | 16.7% | 9.5% | ||
| Q1 24 | 15.6% | 6.8% |
| Q4 25 | 6.0% | 2.9% | ||
| Q3 25 | 10.3% | 3.9% | ||
| Q2 25 | 8.7% | 5.1% | ||
| Q1 25 | 6.3% | 3.5% | ||
| Q4 24 | 9.6% | 3.9% | ||
| Q3 24 | 11.0% | 4.6% | ||
| Q2 24 | 12.5% | 7.2% | ||
| Q1 24 | 12.0% | 3.3% |
| Q4 25 | $1.77 | $0.49 | ||
| Q3 25 | $3.22 | $0.68 | ||
| Q2 25 | $2.67 | $0.89 | ||
| Q1 25 | $1.86 | $0.58 | ||
| Q4 24 | $2.84 | $0.63 | ||
| Q3 24 | $3.46 | $0.79 | ||
| Q2 24 | $3.83 | $1.25 | ||
| Q1 24 | $3.38 | $0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $19.7M | $310.0M |
| Total DebtLower is stronger | $163.0M | — |
| Stockholders' EquityBook value | $2.6B | $1.9B |
| Total Assets | $3.5B | $8.2B |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $19.7M | $310.0M | ||
| Q3 25 | $35.5M | $335.0M | ||
| Q2 25 | $18.8M | $225.0M | ||
| Q1 25 | $16.5M | $212.0M | ||
| Q4 24 | $19.5M | $246.0M | ||
| Q3 24 | $14.4M | $378.0M | ||
| Q2 24 | $11.2M | $250.0M | ||
| Q1 24 | $12.3M | $229.0M |
| 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 | — |
| Q4 25 | $2.6B | $1.9B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $2.0B | $1.3B |
| Q4 25 | $3.5B | $8.2B | ||
| Q3 25 | $3.5B | $8.2B | ||
| Q2 25 | $3.5B | $8.1B | ||
| Q1 25 | $3.4B | $7.9B | ||
| Q4 24 | $3.2B | $7.7B | ||
| Q3 24 | $3.1B | $7.9B | ||
| Q2 24 | $3.0B | $7.7B | ||
| Q1 24 | $2.8B | $7.6B |
| 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. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.3M | — |
| Free Cash FlowOCF − Capex | $37.5M | — |
| FCF MarginFCF / Revenue | 4.7% | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 12.6% | 5.3% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.89× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.3M | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $137.3M | — | ||
| Q3 25 | $177.8M | $371.0M | ||
| Q2 25 | $170.7M | $247.0M | ||
| Q1 25 | $109.1M | $142.0M | ||
| Q4 24 | $164.7M | $189.0M | ||
| Q3 24 | $181.7M | $264.0M | ||
| Q2 24 | $130.8M | $210.0M | ||
| Q1 24 | $106.5M | $145.0M |
| Q4 25 | $37.5M | — | ||
| Q3 25 | $87.6M | $215.0M | ||
| Q2 25 | $-3.9M | $51.0M | ||
| Q1 25 | $-93.8M | $-57.0M | ||
| Q4 24 | $-3.5M | $23.0M | ||
| Q3 24 | $-11.7M | $137.0M | ||
| Q2 24 | $-94.0M | $20.0M | ||
| Q1 24 | $-350.7M | $-161.0M |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 10.4% | 10.2% | ||
| Q2 25 | -0.5% | 2.5% | ||
| Q1 25 | -11.9% | -2.9% | ||
| Q4 24 | -0.4% | 1.2% | ||
| Q3 24 | -1.4% | 6.7% | ||
| Q2 24 | -11.4% | 1.0% | ||
| Q1 24 | -46.5% | -8.0% |
| Q4 25 | 12.6% | 5.3% | ||
| Q3 25 | 10.8% | 7.4% | ||
| Q2 25 | 21.4% | 9.4% | ||
| Q1 25 | 25.8% | 10.2% | ||
| Q4 24 | 21.3% | 8.6% | ||
| Q3 24 | 23.0% | 6.2% | ||
| Q2 24 | 27.3% | 9.1% | ||
| Q1 24 | 60.6% | 15.2% |
| Q4 25 | 2.89× | — | ||
| Q3 25 | 2.06× | 4.52× | ||
| Q2 25 | 2.39× | 2.33× | ||
| Q1 25 | 2.19× | 2.06× | ||
| Q4 24 | 2.16× | 2.52× | ||
| Q3 24 | 1.96× | 2.78× | ||
| Q2 24 | 1.28× | 1.40× | ||
| Q1 24 | 1.17× | 2.16× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
SAIA
Segment breakdown not available.
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
