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SAIA INC（SAIA）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
SAIA INC的季度营收约是WERNER ENTERPRISES INC的1.1倍（$790.0M vs $719.9M）。SAIA INC净利率更高（6.0% vs -3.9%，领先9.9%）。SAIA INC同比增速更快（0.1% vs -2.3%）。SAIA INC自由现金流更多（$37.5M vs $-23.5M）。过去两年SAIA INC的营收复合增速更高（2.3% vs -2.0%）
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
SAIA vs WERN — 直观对比
营收规模更大
SAIA
是对方的1.1倍
$719.9M
营收增速更快
SAIA
高出2.4%
-2.3%
净利率更高
SAIA
高出9.9%
-3.9%
自由现金流更多
SAIA
多$61.0M
$-23.5M
两年增速更快
SAIA
近两年复合增速
-2.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $790.0M | $719.9M |
| 净利润 | $47.5M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | 8.1% | -5.0% |
| 净利率 | 6.0% | -3.9% |
| 营收同比 | 0.1% | -2.3% |
| 净利润同比 | -37.6% | -333.7% |
| 每股收益（稀释后） | $1.77 | $-0.46 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收SAIAWERN
| Q4 25 | $790.0M | $719.9M | ||
| Q3 25 | $839.6M | $752.2M | ||
| Q2 25 | $817.1M | $734.1M | ||
| Q1 25 | $787.6M | $693.4M | ||
| Q4 24 | $789.0M | $736.6M | ||
| Q3 24 | $842.1M | $726.3M | ||
| Q2 24 | $823.2M | $742.7M | ||
| Q1 24 | $754.8M | $749.5M |
净利润SAIAWERN
| Q4 25 | $47.5M | $-27.8M | ||
| Q3 25 | $86.3M | $-20.6M | ||
| Q2 25 | $71.4M | $44.1M | ||
| Q1 25 | $49.8M | $-10.1M | ||
| Q4 24 | $76.1M | $11.9M | ||
| Q3 24 | $92.7M | $6.6M | ||
| Q2 24 | $102.5M | $9.5M | ||
| Q1 24 | $90.7M | $6.3M |
营业利润率SAIAWERN
| Q4 25 | 8.1% | -5.0% | ||
| Q3 25 | 14.1% | -1.7% | ||
| Q2 25 | 12.2% | 9.0% | ||
| Q1 25 | 8.9% | -0.8% | ||
| Q4 24 | 12.9% | 1.8% | ||
| Q3 24 | 14.9% | 2.4% | ||
| Q2 24 | 16.7% | 2.6% | ||
| Q1 24 | 15.6% | 2.1% |
净利率SAIAWERN
| Q4 25 | 6.0% | -3.9% | ||
| Q3 25 | 10.3% | -2.7% | ||
| Q2 25 | 8.7% | 6.0% | ||
| Q1 25 | 6.3% | -1.5% | ||
| Q4 24 | 9.6% | 1.6% | ||
| Q3 24 | 11.0% | 0.9% | ||
| Q2 24 | 12.5% | 1.3% | ||
| Q1 24 | 12.0% | 0.8% |
每股收益（稀释后）SAIAWERN
| Q4 25 | $1.77 | $-0.46 | ||
| Q3 25 | $3.22 | $-0.34 | ||
| Q2 25 | $2.67 | $0.72 | ||
| Q1 25 | $1.86 | $-0.16 | ||
| Q4 24 | $2.84 | $0.19 | ||
| Q3 24 | $3.46 | $0.11 | ||
| Q2 24 | $3.83 | $0.15 | ||
| Q1 24 | $3.38 | $0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $19.7M | $59.9M |
| 总债务越低越好 | $163.0M | $752.0M |
| 股东权益账面价值 | $2.6B | $1.4B |
| 总资产 | $3.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资SAIAWERN
| Q4 25 | $19.7M | $59.9M | ||
| Q3 25 | $35.5M | $51.0M | ||
| Q2 25 | $18.8M | $51.4M | ||
| Q1 25 | $16.5M | $52.0M | ||
| Q4 24 | $19.5M | $40.8M | ||
| Q3 24 | $14.4M | $54.7M | ||
| Q2 24 | $11.2M | $70.4M | ||
| Q1 24 | $12.3M | $60.3M |
总债务SAIAWERN
| Q4 25 | $163.0M | $752.0M | ||
| Q3 25 | $218.0M | $725.0M | ||
| Q2 25 | $307.1M | $725.0M | ||
| Q1 25 | $291.8M | $640.0M | ||
| Q4 24 | $195.0M | $650.0M | ||
| Q3 24 | $184.2M | $690.0M | ||
| Q2 24 | $169.1M | $670.0M | ||
| Q1 24 | $76.6M | $597.5M |
股东权益SAIAWERN
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
总资产SAIAWERN
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | $3.5B | $3.0B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.0B | $3.1B | ||
| Q1 24 | $2.8B | $3.1B |
负债/权益比SAIAWERN
| Q4 25 | 0.06× | 0.55× | ||
| Q3 25 | 0.09× | 0.52× | ||
| Q2 25 | 0.13× | 0.51× | ||
| Q1 25 | 0.12× | 0.45× | ||
| Q4 24 | 0.08× | 0.45× | ||
| Q3 24 | 0.08× | 0.48× | ||
| Q2 24 | 0.08× | 0.46× | ||
| Q1 24 | 0.04× | 0.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $137.3M | $62.3M |
| 自由现金流经营现金流 - 资本支出 | $37.5M | $-23.5M |
| 自由现金流率自由现金流/营收 | 4.7% | -3.3% |
| 资本支出强度资本支出/营收 | 12.6% | 11.9% |
| 现金转化率经营现金流/净利润 | 2.89× | — |
| 过去12个月自由现金流最近4个季度 | $27.3M | $-68.5M |
8季度趋势，按日历期对齐
经营现金流SAIAWERN
| Q4 25 | $137.3M | $62.3M | ||
| Q3 25 | $177.8M | $44.1M | ||
| Q2 25 | $170.7M | $46.0M | ||
| Q1 25 | $109.1M | $29.4M | ||
| Q4 24 | $164.7M | $71.0M | ||
| Q3 24 | $181.7M | $61.0M | ||
| Q2 24 | $130.8M | $109.1M | ||
| Q1 24 | $106.5M | $88.6M |
自由现金流SAIAWERN
| Q4 25 | $37.5M | $-23.5M | ||
| Q3 25 | $87.6M | $-8.6M | ||
| Q2 25 | $-3.9M | $-42.3M | ||
| Q1 25 | $-93.8M | $5.9M | ||
| Q4 24 | $-3.5M | $-9.8M | ||
| Q3 24 | $-11.7M | $-73.4M | ||
| Q2 24 | $-94.0M | $-31.2M | ||
| Q1 24 | $-350.7M | $30.4M |
自由现金流率SAIAWERN
| Q4 25 | 4.7% | -3.3% | ||
| Q3 25 | 10.4% | -1.1% | ||
| Q2 25 | -0.5% | -5.8% | ||
| Q1 25 | -11.9% | 0.8% | ||
| Q4 24 | -0.4% | -1.3% | ||
| Q3 24 | -1.4% | -10.1% | ||
| Q2 24 | -11.4% | -4.2% | ||
| Q1 24 | -46.5% | 4.0% |
资本支出强度SAIAWERN
| Q4 25 | 12.6% | 11.9% | ||
| Q3 25 | 10.8% | 7.0% | ||
| Q2 25 | 21.4% | 12.0% | ||
| Q1 25 | 25.8% | 3.4% | ||
| Q4 24 | 21.3% | 11.0% | ||
| Q3 24 | 23.0% | 18.5% | ||
| Q2 24 | 27.3% | 18.9% | ||
| Q1 24 | 60.6% | 7.8% |
现金转化率SAIAWERN
| Q4 25 | 2.89× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.39× | 1.04× | ||
| Q1 25 | 2.19× | — | ||
| Q4 24 | 2.16× | 5.97× | ||
| Q3 24 | 1.96× | 9.30× | ||
| Q2 24 | 1.28× | 11.52× | ||
| Q1 24 | 1.17× | 14.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SAIA
暂无分部数据
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
