Earnings summary

Werner Enterprises Inc Q4 2025 results

Reported 2026-02-05Full transcript →

Snapshot

Werner Enterprises Inc reported $738M of revenue in Q4 2025, up -2.3% year over year, with diluted EPS of $-0.46 and an operating margin of -4.9%.

Revenue
$738M
YoY growth
+-2.3%
Diluted EPS
$-0.46
Operating margin
-4.9%
$738M
Revenue
+-2.3%
YoY growth
$-0.46
Diluted EPS
-4.9%
Operating margin
01 Key takeaways

What management said

  • Earlier today, we issued our earnings release with our fourth quarter and full year 2025 results.
  • Please see the disclosure statement on slide two of the presentation, as well as the disclaimers in our earnings release related to forward-looking statements.
  • A reconciliation to the most directly comparable GAAP measures is included in the tables attached to the earnings release and in the appendix of the slide presentation.
  • During this prolonged and unprecedented multi-year downturn, we have focused on executing our strategy to position our business for revenue and earnings growth as demand returns.
  • Once fully completed, we expect meaningful earnings improvement in TTS in 2026.
  • Most recently, we used our strong balance sheet to deploy capital to acquire FirstFleet, a large, high-quality, Dedicated carrier.
  • This acquisition is immediately accretive and dovetails with our strategy to lean further into profitable, sustainable growth and Dedicated with large, complex shippers across diverse markets.
  • With ongoing capacity attrition and the early signs of demand improvement, the outlook for Werner in 2026 is more positive than it's been for several years.
  • As we enter a new year, momentum in Dedicated remains positive, with a strong pipeline of opportunities and early realization of some rate increases.
  • The strength of our Dedicated business, combined with FirstFleet, creates a more scalable platform to drive sustainable, profitable growth for Werner's future.
  • Lastly, One-Way provides flexibility and surge capacity for our Dedicated customers, and it allows us to support a wide range of customers during times of increased demand.
  • These restructuring actions are designed to increase miles per truck and shift towards more profitable, specialized freight and lanes.
Read the full Q4 2025 transcript
SourcesCompany financials · earnings call Last updated

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