Financials

Werner Enterprises Inc. financials

WERN Ground Transportation

Werner Enterprises Inc., established in 1956, is a leading U.S.-based transportation and logistics provider specializing in truckload freight and dedicated contract carriage services. The company operates one of North America’s largest fleets with over 6,000 tractors and 16,000 trailers, augmented by cutting-edge technology solutions in logistics management. Led by CEO C. Timothy Ryan since 2016, Werner has secured a robust market position through efficient operations and strategic customer relationships. Ongoing investments in digital innovation and sustainable initiatives position the company for future growth.

Snapshot

Werner Enterprises Inc. reported $2.97B in revenue in fiscal 2025, up -1.8% year over year, with an operating margin of 0.4%.

Revenue (FY2025)
$2.97B
YoY growth
+-1.8%
Operating margin
0.4%
Direction
Expanding

Financial statements

In thousands, USD · annual
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues2,974,4003,030,2603,283,5003,289,980
Cost of Sales2,399,6602,401,2202,560,3402,488,470
Gross Profit574,733629,037723,162801,510
Selling, General & Administrative Expenses222,328259,823259,680261,150
Depreciation & Amortization Expenses286,321290,405299,509279,923
Other Operating Expenses54,42712,661(12,443)(62,639)
Operating Profit11,65766,148176,416323,076
Interest and Investment Income5,6346,8986,7011,731
Interest Expense(39,053)(39,212)(33,535)(11,828)
Non-Operating Income9738,648(1,801)11,807
Total Non-Operating Income(32,446)(23,666)(28,635)1,710
Income Before Provision for Income Taxes(20,789)42,482147,781324,786
Provision for Income Taxes2,2098,91235,49179,206
Consolidated Net Income(22,998)33,570112,290245,580
Net Income Attributable to Minority Interests and Other(8,599)(663)(92)4,324
Net Income Attributable to Common Shareholders(14,399)34,233112,382241,256
Basic EPS-0.240.551.773.76
Diluted EPS-0.240.551.763.74
Basic Weighted Average Shares Outstanding60,60762,45063,37464,125
Diluted Weighted Average Shares Outstanding60,60762,66263,71864,579
Shares Outstanding59,86961,85063,44563,223
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents59,92240,75261,723107,240
Total Cash and Cash Equivalents59,92240,75261,723107,240
Accounts Receivable394,933391,684444,944518,815
Other Receivables20,39826,13725,47929,875
Total Trade Receivables415,331417,821470,423548,690
Inventories12,10414,18318,07714,527
Other Current Assets125,49269,01784,40592,158
Total Current Assets612,849541,773634,628762,615
Net Property, Plant & Equipment1,790,5001,934,2401,972,9601,825,280
Net Intangible Assets44,60376,40786,47781,502
Goodwill129,104129,104129,104132,717
Other Long-Term Assets311,614370,717334,771295,145
Total Assets2,888,6703,052,2403,157,9403,097,260
Accounts Payable95,084112,429135,990124,483
Accrued Expenses167,468167,015162,625148,771
Current Portion of Long-Term Debt—20,0002,5006,250
Other Current Liabilities52,23256,30529,47030,016
Total Current Liabilities314,784355,749330,585309,520
Long-Term Debt752,000630,000646,250687,500
Other Long-Term Liabilities430,885572,612614,155617,901
Total Long-Term Liabilities1,182,8901,202,6101,260,4101,305,400
Total Liabilities1,497,6701,558,3601,590,9901,614,920
Common Stock805805805805
Treasury Stock(671,051)(617,100)(551,061)(551,588)
Additional Paid-in Capital144,641137,889134,894129,837
Accumulated Other Comprehensive Income(16,075)(18,437)(9,684)(11,292)
Retained Earnings1,904,5701,952,7801,953,3901,875,870
Total Common Shareholders' Equity1,362,8901,455,9301,528,3401,443,640
Minority Interests and Other28,11337,94438,60738,699
Total Shareholders' Equity1,391,0101,493,8801,566,9501,482,330
Total Liabilities and Shareholders' Equity2,888,6703,052,2403,157,9403,097,260
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Income(22,998)33,570112,290245,580
Depreciation & Amortization286,321290,405299,509279,923
Share-Based Compensation Expense10,6918,85611,94312,486
Other Adjustments(43,994)(86,092)(45,821)(63,775)
Changes in Trade Receivables(3,262)53,26073,9213,174
Changes in Accounts Payable(16,700)(10,391)3,288(3,665)
Changes in Other Operating Activities(28,228)40,12619,236(25,012)
Cash from Operating Activities181,830329,734474,366448,711
Capital Expenditure(250,364)(413,799)(598,785)(507,252)
Proceeds from Sale of Property, Plant & Equipment87,618178,912190,087189,673
Purchases of Investments(10,402)(9,862)(6,316)(20,250)
Payments for Business Acquisitions——(188)(184,118)
Other Investing Activities1,5763,301(19,742)7,614
Cash from Investing Activities(171,572)(241,448)(434,944)(514,333)
Issuance of Short-Term Debt55,000110,00045,000—
Repayments of Short-Term Debt(58,000)(92,500)(50,000)(3,750)
Net Issuance / (Repayments) of Short-Term Debt(3,000)17,500(5,000)(3,750)
Issuance of Long-Term Debt425,000205,00050,000370,000
Repayments of Long-Term Debt(320,000)(221,250)(90,000)(100,000)
Net Issuance / (Repayments) of Long-Term Debt105,000(16,250)(40,000)270,000
Repurchases of Common Shares(55,553)(67,069)—(110,400)
Net Issuance / (Repurchases) of Common Shares(55,553)(67,069)—(110,400)
Common Share Dividends Paid(34,081)(35,066)(34,208)(32,162)
Other Financing Activities(5,069)(4,831)(7,859)(5,654)
Cash from Financing Activities7,297(105,716)(87,067)118,034
Effect of Exchange Rate Changes on Cash and Cash Equivalents1,615(3,541)2,128632
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash19,170(20,971)(45,517)53,044

Key metrics

latest fiscal year
$1.80B
Market Cap
-125.04x
P/E
0.60x
P/S
8.45x
EV/EBITDA
-1.6%
Return on Equity
0.5%
Return on Invested Capital
1.95x
Current Ratio
1.9%
Dividend Yield
-2.3%
Free Cash Flow Margin

Quarterly trend

last 8 quarters
QuarterRevenueYoY growthOperating marginOperating income
Q1 2026$809M+13.6%0.5%$4M
Q4 2025$738M+-2.3%-4.9%$-36M
Q3 2025$771M+3.5%-1.7%$-13M
Q2 2025$753M+-1.0%8.8%$66M
Q1 2025$712M—-0.8%$-6M
Q4 2024$755M—1.8%$13M
Q3 2024$746M—2.4%$18M
Q2 2024$761M—2.6%$20M
Revenue by quarter$M
$761M
Q2 '24
$746M
Q3 '24
$755M
Q4 '24
$712M
Q1 '25
$753M
Q2 '25
$771M
Q3 '25
$738M
Q4 '25
$809M
Q1 '26

Margins

latest fiscal year
19.3%
Gross margin
0.4%
Operating margin
-0.8%
Net margin
SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated

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