NASDAQ : WERN
Werner Enterprises, Inc. — Financial statements
Industrials · Trucking · United States
Last price 27.63 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.66B
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Financial statements
Werner Enterprises, Inc. (WERN) reported revenue of 3.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.43B | 2.97B | 3.03B | 3.28B | 3.29B | 2.73B |
| Cost of Revenue | 2.80B | 2.40B | 2.42B | 2.58B | 2.50B | 2.00B |
| Gross Profit | 630.82M | 578.17M | 611.84M | 704.68M | 785.65M | 732.17M |
| Selling, General & Admin | 163.88M | 115.99M | 145.40M | 138.52M | 147.37M | 98.66M |
| Other Operating Expenses | 114.48M | 120.36M | 124.80M | 135.38M | 122.75M | 115.60M |
| Operating Expenses | 583.57M | 522.68M | 560.61M | 573.41M | 550.04M | 481.96M |
| Operating Income | 47.26M | 55.49M | 51.24M | 131.28M | 235.61M | 250.22M |
| Interest Expense | -44.59M | -39.05M | -39.21M | -33.53M | -11.83M | -4.42M |
| Interest & Investment Income | 5.85M | 5.63M | 6.90M | 6.70M | 1.73M | 1.21M |
| Earnings From Equity Investments | 1.14M | 656.00K | 556.00K | -1.05M | ||
| Other Non Operating Income (Expenses) | 1.00K | 385.00K | 162.00K | -477.00K | -388.00K | -236.00K |
| EBT Excluding Unusual Items | 9.66M | 23.11M | 19.64M | 102.92M | 225.13M | 246.77M |
| Merger & Restructuring Charges | -60.74M | -45.92M | -1.10M | -1.60M | ||
| Gain (Loss) on Sale of Investments | -86.00K | -68.00K | 7.93M | -278.00K | 12.20M | 40.32M |
| Gain (Loss) on Sale of Assets | 15.67M | 15.67M | 15.33M | 42.44M | 88.56M | 60.53M |
| Legal Settlements | 13.00K | -21.40M | ||||
| Other Unusual Items | -106.00K | 7.82M | -419.00K | 2.70M | ||
| Pretax Income | -35.59M | -20.79M | 42.48M | 147.78M | 324.79M | 346.01M |
| Income Tax Expense | -7.74M | 2.21M | 8.91M | 35.49M | 79.21M | 84.54M |
| Earnings From Continuing Operations | -27.85M | -23.00M | 33.57M | 112.29M | 245.58M | 261.48M |
| Minority Interest in Earnings | 8.74M | 8.60M | 663.00K | 92.00K | -4.32M | -2.43M |
| Net Income | -19.11M | -14.40M | 34.23M | 112.38M | 241.26M | 259.05M |
| Net Income to Common | -19.11M | -14.40M | 34.23M | 112.38M | 241.26M | 259.05M |
| Shares Outstanding (Basic) | 60.02M | 60.61M | 62.45M | 63.37M | 64.12M | 67.43M |
| Shares Outstanding (Diluted) | 60.02M | 60.61M | 62.66M | 63.72M | 64.58M | 67.86M |
| EPS (Basic) | -0.32 | -0.24 | 0.55 | 1.77 | 3.76 | 3.84 |
| EPS (Diluted) | -0.33 | -0.24 | 0.55 | 1.76 | 3.74 | 3.82 |
| Free Cash Flow | -68.53M | -84.06M | -124.42M | -58.54M | -38.03M | |
| Free Cash Flow Per Share | -1.13 | -1.34 | -1.95 | -0.91 | -0.56 | |
| Dividend Per Share | 0.14 | 0.56 | 0.56 | 0.55 | 0.51 | 0.46 |
| Gross Margin | 18.39% | 19.44% | 20.19% | 21.46% | 23.88% | 26.78% |
| Operating Margin | 1.38% | 1.87% | 1.69% | 4.00% | 7.16% | 9.15% |
| Profit Margin | -0.56% | -0.48% | 1.13% | 3.42% | 7.33% | 9.47% |
| Free Cash Flow Margin | -2.30% | -2.77% | -3.79% | -1.78% | -1.39% | |
| EBITDA | 357.02M | 341.81M | 341.64M | 430.79M | 515.53M | 517.92M |
| EBITDA Margin | 10.41% | 11.49% | 11.27% | 13.12% | 15.67% | 18.94% |
| D&A For EBITDA | 309.76M | 286.32M | 290.40M | 299.51M | 279.92M | 267.70M |
| EBIT | 47.26M | 55.49M | 51.24M | 131.28M | 235.61M | 250.22M |
| EBIT Margin | 1.38% | 1.87% | 1.69% | 4.00% | 7.16% | 9.15% |
| Effective Tax Rate | 20.98% | 24.02% | 24.39% | 24.43% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 39.20M | 59.92M | 40.75M | 61.72M | 107.24M | 54.20M |
| Cash & Short-Term Investments | 39.20M | 59.92M | 40.75M | 61.72M | 107.24M | 54.20M |
| Accounts Receivable | 517.08M | 400.23M | 397.98M | 452.34M | 527.72M | 469.52M |
| Other Receivables | 17.93M | 11.96M | 12.93M | 11.77M | 17.30M | 11.03M |
| Receivables | 535.01M | 424.25M | 426.67M | 480.03M | 560.28M | 497.35M |
| Inventory | 14.62M | 12.10M | 14.18M | 18.08M | 14.53M | 11.14M |
| Prepaid Expenses | 62.72M | 57.18M | 53.69M | 54.33M | 17.70M | 17.55M |
| Other Current Assets | 44.35M | 59.39M | 6.48M | 20.46M | 62.87M | 50.98M |
| Total Current Assets | 695.89M | 612.85M | 541.77M | 634.63M | 762.62M | 631.21M |
| Property, Plant & Equipment | 2.00B | 1.83B | 1.98B | 2.01B | 1.87B | 1.64B |
| Long-Term Investments | 11.77M | 6.84M | 2.61M | 723.00K | 17.17M | |
| Goodwill | 138.58M | 129.10M | 129.10M | 129.10M | 132.72M | 74.62M |
| Other Intangible Assets | 60.72M | 44.60M | 76.41M | 86.48M | 81.50M | 55.31M |
| Other Long-Term Assets | 307.38M | 180.49M | 244.78M | 231.91M | 212.66M | 142.60M |
| Total Assets | 3.21B | 2.89B | 3.05B | 3.16B | 3.10B | 2.60B |
| Accounts Payable | 129.05M | 95.08M | 112.43M | 135.99M | 124.48M | 93.99M |
| Accrued Expenses | 211.42M | 167.47M | 167.01M | 162.62M | 148.77M | 145.69M |
| Current Portion of Long-Term Debt | 20.00M | 2.50M | 6.25M | 5.00M | ||
| Current Portion of Leases | 76.28M | 15.45M | 15.35M | 9.02M | 9.40M | 6.38M |
| Other Current Liabilities | 74.09M | 36.78M | 40.95M | 20.45M | 20.62M | 17.63M |
| Total Current Liabilities | 490.84M | 314.78M | 355.75M | 330.58M | 309.52M | 268.68M |
| Long-Term Debt | 803.00M | 752.00M | 630.00M | 646.25M | 687.50M | 422.50M |
| Long-Term Leases | 115.52M | 26.47M | 36.41M | 27.50M | 32.90M | 22.63M |
| Long-Term Deferred Tax Liabilities | 278.32M | 266.21M | 269.52M | 320.18M | 313.28M | 268.50M |
| Other Long-Term Liabilities | 159.14M | 138.21M | 266.69M | 266.48M | 271.73M | 257.90M |
| Total Liabilities | 1.85B | 1.50B | 1.56B | 1.59B | 1.61B | 1.24B |
| Common Stock | 805.00K | 805.00K | 805.00K | 805.00K | 805.00K | 805.00K |
| Additional Paid-In Capital | 150.38M | 144.64M | 137.89M | 134.89M | 129.84M | 121.90M |
| Retained Earnings | 1.89B | 1.90B | 1.95B | 1.95B | 1.88B | 1.67B |
| Treasury Stock | -669.96M | -671.05M | -617.10M | -551.06M | -551.59M | -441.66M |
| Comprehensive Income & Other | -9.52M | -16.07M | -18.44M | -9.68M | -11.29M | -20.60M |
| Total Common Equity | 1.36B | 1.36B | 1.46B | 1.53B | 1.44B | 1.33B |
| Minority Interest | 28.11M | 37.94M | 38.61M | 38.70M | 35.95M | |
| Shareholders' Equity | 1.36B | 1.39B | 1.49B | 1.57B | 1.48B | 1.36B |
| Total Liabilities & Equity | 3.21B | 2.89B | 3.05B | 3.16B | 3.10B | 2.60B |
| Total Debt | 994.80M | 793.92M | 701.76M | 685.26M | 736.04M | 456.51M |
| Net Cash (Debt) | -955.60M | -734.00M | -661.01M | -623.54M | -628.80M | -402.32M |
| Net Cash Per Share | -15.92 | -12.11 | -10.55 | -9.79 | -9.74 | -5.93 |
| Filing Date Shares Outstanding | 59.98M | 59.87M | 61.87M | 63.47M | 63.25M | 65.80M |
| Total Common Shares Outstanding | 59.98M | 59.87M | 61.85M | 63.44M | 63.22M | 65.79M |
| Working Capital | 205.06M | 298.06M | 186.02M | 304.04M | 453.10M | 362.53M |
| Book Value Per Share | 22.67 | 22.76 | 23.54 | 24.09 | 22.83 | 20.18 |
| Tangible Book Value | 1.16B | 1.19B | 1.25B | 1.31B | 1.23B | 1.20B |
| Tangible Book Value Per Share | 19.35 | 19.86 | 20.22 | 20.69 | 19.45 | 18.20 |
| Land | 128.66M | 128.68M | 115.99M | 100.59M | 77.17M | |
| Buildings | 363.78M | 338.17M | 320.98M | 309.24M | 287.33M | |
| Machinery | 2.41B | 2.47B | 2.51B | 2.48B | 2.19B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -14.40M | 34.23M | 112.38M | 241.26M | 259.05M | |
| Depreciation & Amortization | 286.32M | 290.40M | 299.51M | 279.92M | 267.70M | |
| Loss (Gain) From Sale of Assets | -15.67M | -15.33M | -42.44M | -88.56M | -60.53M | |
| Asset Writedown & Restructuring Costs | 44.23M | |||||
| Loss (Gain) From Sale of Investments | 68.00K | -7.93M | 278.00K | -12.20M | -40.32M | |
| Loss (Gain) on Equity Investments | -656.00K | -556.00K | 1.05M | |||
| Stock-Based Compensation | 10.69M | 8.86M | 11.94M | 12.49M | 10.81M | |
| Other Operating Activities | -80.56M | -62.94M | -4.80M | 41.31M | 34.39M | |
| Change in Accounts Receivable | -3.26M | 53.26M | 73.92M | 3.17M | -101.01M | |
| Change in Accounts Payable | -16.70M | -10.39M | 3.29M | -3.67M | 14.74M | |
| Change in Other Net Operating Assets | -28.23M | 40.13M | 19.24M | -25.01M | -52.02M | |
| Operating Cash Flow | 181.83M | 329.73M | 474.37M | 448.71M | 332.82M | |
| Capital Expenditures | -250.36M | -413.80M | -598.78M | -507.25M | -370.85M | |
| Sale of Property, Plant & Equipment | 87.62M | 178.91M | 190.09M | 189.67M | 177.80M | |
| Cash Acquisitions | -188.00K | -184.12M | -201.84M | |||
| Investment in Securities | -10.40M | -9.86M | -6.32M | -20.25M | -10.00M | |
| Other Investing Activities | 1.58M | 3.30M | -19.74M | 7.61M | 7.59M | |
| Investing Cash Flow | -171.57M | -241.45M | -434.94M | -514.33M | -397.30M | |
| Short-Term Debt Issued | 55.00M | 110.00M | 45.00M | 5.00M | ||
| Long-Term Debt Issued | 425.00M | 205.00M | 50.00M | 370.00M | 250.00M | |
| Total Debt Issued | 480.00M | 315.00M | 95.00M | 370.00M | 255.00M | |
| Short-Term Debt Repaid | -58.00M | -92.50M | -50.00M | -3.75M | -27.50M | |
| Long-Term Debt Repaid | -320.00M | -221.25M | -90.00M | -100.00M | ||
| Total Debt Repaid | -378.00M | -313.75M | -140.00M | -103.75M | -27.50M | |
| Net Debt Issued (Repaid) | 102.00M | 1.25M | -45.00M | 266.25M | 227.50M | |
| Repurchase of Common Stock | -57.89M | -71.90M | -6.36M | -114.48M | -108.71M | |
| Common Dividends Paid | -34.08M | -35.07M | -34.21M | -32.16M | -29.08M | |
| Other Financing Activities | -2.73M | -1.50M | -1.57M | -35.00K | ||
| Financing Cash Flow | 7.30M | -105.72M | -87.07M | 118.03M | 89.67M | |
| Foreign Exchange Rate Adjustments | 1.61M | -3.54M | 2.13M | 632.00K | -324.00K | |
| Net Cash Flow | 19.17M | -20.97M | -45.52M | 53.04M | 24.86M | |
| Free Cash Flow | -68.53M | -84.06M | -124.42M | -58.54M | -38.03M | |
| Free Cash Flow Margin | -2.30% | -2.77% | -3.79% | -1.78% | -1.39% | |
| Free Cash Flow Per Share | -1.13 | -1.34 | -1.95 | -0.91 | -0.56 | |
| Levered Free Cash Flow | -15.72M | -33.44M | -118.22M | -116.45M | -76.16M | |
| Unlevered Free Cash Flow | 8.69M | -8.94M | -97.26M | -109.06M | -73.39M | |
| Cash Interest Paid | 40.59M | 40.16M | 27.21M | 11.19M | 4.23M | |
| Cash Income Tax Paid | 38.59M | 25.83M | 17.89M | 40.31M | 81.19M | |
| Change in Working Capital | -48.19M | 83.00M | 96.44M | -25.50M | -138.29M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.66B | 1.80B | 2.22B | 2.69B | 2.54B | 3.19B |
| Enterprise Value | 2.62B | 2.55B | 2.94B | 3.41B | 3.07B | 3.54B |
| Last Close Price | 27.71 | 29.53 | 34.69 | 40.44 | 37.94 | 44.33 |
| PE Ratio | 64.85 | 23.90 | 10.55 | 12.30 | ||
| Forward PE | 19.43 | 50.29 | 33.26 | 20.14 | 11.58 | 13.21 |
| PS Ratio | 0.48 | 0.60 | 0.73 | 0.82 | 0.77 | 1.17 |
| PB Ratio | 1.22 | 1.29 | 1.49 | 1.71 | 1.72 | 2.34 |
| P/TBV Ratio | 1.43 | 1.51 | 1.78 | 2.05 | 2.07 | 2.66 |
| P/OCF Ratio | 6.07 | 9.88 | 6.73 | 5.66 | 5.67 | 9.58 |
| PEG Ratio | 1.10 | 19.59 | 14.48 | 2.34 | 0.90 | |
| EV/Sales Ratio | 0.76 | 0.86 | 0.97 | 1.04 | 0.93 | 1.30 |
| EV/EBITDA Ratio | 7.33 | 7.47 | 8.60 | 7.92 | 5.95 | 6.84 |
| EV/EBIT Ratio | 55.39 | 46.00 | 57.32 | 25.98 | 13.01 | 14.16 |
| Debt / Equity Ratio | 0.73 | 0.57 | 0.47 | 0.44 | 0.50 | 0.34 |
| Debt / EBITDA Ratio | 0.91 | 2.15 | 1.94 | 1.51 | 1.37 | 0.86 |
| Net Debt / Equity Ratio | 0.70 | 0.53 | 0.44 | 0.40 | 0.42 | 0.29 |
| Net Debt / EBITDA Ratio | 2.68 | 2.15 | 1.94 | 1.45 | 1.22 | 0.78 |
| Net Debt / FCF Ratio | -10.71 | -7.86 | -5.01 | -10.74 | -10.58 | |
| Asset Turnover | 1.11 | 1.00 | 0.98 | 1.05 | 1.15 | 1.15 |
| Inventory Turnover | 213.99 | 182.31 | 149.93 | 158.19 | 195.14 | 172.59 |
| Quick Ratio | 1.17 | 1.50 | 1.27 | 1.59 | 2.11 | 1.99 |
| Current Ratio | 1.42 | 1.95 | 1.52 | 1.92 | 2.46 | 2.35 |
| Return on Equity (ROE) | -1.99% | -1.59% | 2.19% | 7.36% | 17.26% | 20.44% |
| Return on Assets (ROA) | 0.96% | 1.17% | 1.03% | 2.62% | 5.17% | 6.57% |
| Return on Invested Capital (ROIC) | 2.06% | 2.59% | 1.86% | 4.64% | 9.19% | 12.04% |
| Return on Capital Employed (ROCE) | 1.70% | 2.20% | 1.90% | 4.60% | 8.50% | 10.70% |
| Earnings Yield | -1.17% | -0.80% | 1.54% | 4.18% | 9.48% | 8.13% |
| FCF Yield | 3.21% | -3.82% | -3.79% | -4.63% | -2.30% | -1.19% |
| Dividend Yield | 2.02% | 1.87% | 1.56% | 1.30% | 1.27% | 0.95% |
| Payout Ratio | 102.43% | 30.44% | 13.33% | 11.23% | ||
| Buyback Yield / Dilution | 1.99% | 3.28% | 1.66% | 1.33% | 4.83% | 2.26% |
| Total Shareholder Return | 4.01% | 5.15% | 3.22% | 2.63% | 6.09% | 3.21% |