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WERN

Werner Enterprises, Inc.

WERN

Werner Enterprises, Inc. • NASDAQ
$25.56 ▲ 0.08% (+0.02)
Market Cap $1.53 B
52w High $41.02
52w Low $23.02
Dividend Yield 0.56%
P/E 62.34
Volume 320.57K
Outstanding Shares 59.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $771.499M ▲ $70.946M ▲ $-20.575M ▼ -2.667% ▼ $-0.34 ▼ $60.214M ▼
Q2-2025 $753.148M ▲ $14.678M ▼ $44.062M ▲ 5.85% ▲ $0.72 ▲ $139.2M ▲
Q1-2025 $712.114M ▼ $75.398M ▼ $-10.098M ▼ -1.418% ▼ $-0.16 ▼ $66.198M ▼
Q4-2024 $754.679M ▲ $77.543M ▲ $11.891M ▲ 1.576% ▲ $0.19 ▲ $95.499M ▲
Q3-2024 $745.701M $32.408M $6.565M 0.88% $0.11 $91.221M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $50.984M ▼ $2.971B ▲ $1.54B ▲ $1.396B ▼
Q2-2025 $51.42M ▼ $2.964B ▼ $1.507B ▼ $1.421B ▼
Q1-2025 $51.951M ▲ $2.987B ▼ $1.513B ▼ $1.436B ▼
Q4-2024 $40.752M ▼ $3.052B ▼ $1.558B ▼ $1.456B ▲
Q3-2024 $54.66M $3.122B $1.635B $1.449B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-21.083M ▼ $44.144M ▼ $-35.845M ▲ $-9.092M ▼ $-436K ▲ $-8.555M ▲
Q2-2025 $43.622M ▲ $46.025M ▲ $-66.292M ▼ $18.692M ▲ $-531K ▼ $-42.317M ▼
Q1-2025 $-10.221M ▼ $29.37M ▼ $2.371M ▲ $-20.538M ▲ $11.199M ▲ $5.857M ▲
Q4-2024 $11.582M ▲ $71.034M ▲ $-34.979M ▲ $-49.295M ▼ $-13.908M ▲ $-9.766M ▲
Q3-2024 $6.54M $61.043M $-87.06M $11.347M $-15.788M $-73.422M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other revenue recognition segments
Other revenue recognition segments
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Transportation Services
Transportation Services
 $740.00M ▲$0 ▼$730.00M ▲$750.00M ▲
Truckload Transportation Services Segment
Truckload Transportation Services Segment
 $0 ▲$500.00M ▲$0 ▼$0 ▲
Werner Logistics
Werner Logistics
 $0 ▲$200.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Werner’s income statement shows a company feeling the pressure of a weak freight market after a strong run. Sales grew solidly coming out of 2020 but have flattened and edged down more recently. Profitability has compressed sharply: operating profit is much thinner than a few years ago, and net earnings have fallen to a low level. This suggests rising costs and softer pricing power in a tough trucking cycle. Overall, the business remains sizable, but current earnings are a fraction of what they were at the peak, highlighting cyclical risk and the importance of a future margin recovery.

Balance Sheet

Balance Sheet The balance sheet looks asset-heavy and reasonably solid, but with more leverage than in the past. Werner has steadily grown its asset base, likely reflecting investments in trucks, trailers, and logistics infrastructure. Shareholders’ equity has also built up over time, which provides a cushion. However, debt levels have risen meaningfully compared with earlier years, while cash on hand remains quite modest. The company appears financially stable, but it is entering a softer profit environment with more debt than before, which is a key point to monitor.

Cash Flow

Cash Flow Werner consistently generates healthy cash from its operations, even in weaker years, which is a core strength. However, it also spends heavily on capital investments, mostly for fleet and related assets. As a result, free cash flow has often been negative, meaning the company is reinvesting more cash than it brings in after capital spending and likely relying on borrowing or other sources to bridge the gap. This pattern fits a capital-intensive, asset-based carrier that is modernizing its fleet, but it does put pressure on liquidity and makes the timing of the freight cycle more important.

Competitive Edge

Competitive Edge Werner holds a strong position as one of the larger truckload and logistics providers in North America. Its scale, modern fleet, and long-standing relationships with major shippers give it advantages in service reliability and capacity. The mix of dedicated contract business, brokerage, intermodal, and final‑mile services helps reduce reliance on any single segment and supports stickier customer relationships. That said, trucking remains highly competitive and price-sensitive, with many rivals and relatively low switching costs for customers, so Werner’s edge must come from service quality, reliability, and technology rather than from structural market dominance.

Innovation and R&D

Innovation and R&D Werner is unusually tech-focused for a traditional trucking company. The Werner EDGE program, its in‑house transportation management platform, driver apps, and advanced telematics give it better visibility into loads, routing, driver performance, and safety. The company is pushing into cloud-based systems, machine learning, and conversational AI to automate more of the workflow from booking to payment. This technology focus can improve efficiency, driver experience, and customer service, and may widen its gap versus smaller carriers that lack the resources to build or adopt similar systems quickly.

Summary

Overall, Werner looks like a scale trucking and logistics player investing heavily in its fleet and technology at a time when industry conditions are soft and profits are under pressure. The company benefits from its size, diversified services, long-term customer relationships, and a clear push into digital tools that can enhance efficiency and service. The trade-off is higher capital spending, rising debt, and weaker recent earnings, which increase the importance of a cyclical upturn and successful execution on its tech and fleet strategy. The key questions going forward are whether margins can recover, whether its technology investments translate into lasting cost and service advantages, and how comfortably it can manage its balance sheet and cash needs through the cycle.

NEWS

November 24, 2025 · 9:00 AM UTC

Werner® Publishes 2025 Sustainability Brief, Highlighting Progress in Fleet Decarbonization and Operational Excellence

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November 24, 2025 · 7:30 AM UTC

Dragonfly Energy to Supply Werner Enterprises with Advanced Idle-Reduction Power Systems

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November 21, 2025 · 9:30 AM UTC

Werner® Wins Prestigious Lee Anderson Veteran and Military Spouse Employment Award From Hiring Our Heroes

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November 17, 2025 · 4:05 PM UTC

Werner Enterprises Announces Quarterly Dividend

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November 12, 2025 · 12:30 PM UTC

Werner® Earns Top Military Friendly® Rankings for 2026, Upholding Commitment to Veterans and Military Families

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