• Saia average return on tangible equity for 2023 was 21.02, a 19.8% decline from 2022.
• Saia average return on tangible equity for 2022 was 26.21, a 31.91% decline from 2021.
• Saia average return on tangible equity for 2021 was 19.87, a 35.45% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.