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Werner Enterprises Inc. (WERN)

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Werner Enterprises Inc. (WERN) reported revenue of $934 million for Q2 FY2026, the quarter ended 30 June 2026, up 24.0% on the same quarter a year earlier. Net income was $6 million, down 85.6% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$934 millionup 24.0%
Net income$6 milliondown 85.6%
Diluted EPS$0.11
QuarterQ2 FY2026ended 30 June 2026

Werner Enterprises (WERN) in brief

Werner Enterprises (WERN) reported revenue of $3.0 billion for fiscal 2025, the year ended 31 December 2025, down 1.8% on the year before.
Read moreNet loss was $14 million and the diluted loss per share $0.24. Revenue was $3.0 billion in fiscal 2024, $3.3 billion in fiscal 2023, $3.3 billion in fiscal 2022 and $2.7 billion in fiscal 2021. Net income in the same years was $34 million, $112 million, $241 million and $259 million. Over the twelve months to 30 June 2026, Werner Enterprises reported revenue of $3.3 billion and net loss of $46 million. Revenue grew 4.6% a year, compounded, over the five years to fiscal 2025. Werner Enterprises declared $0.56 a share in dividends over the last four quarters and had 60 million shares outstanding at the latest filed count. At 30 June 2026 it carried $793 million of debt and $57 million of cash. At the close of 9 October 2026 the market cap of Werner Enterprises was $2.0 billion.

Ratios

From the filings

ROE-3.4%
ROCE-1.3%
Operating margin-0.9%
Net margin-1.4%
FCF margin1.6%
Interest cover-0.64
Debt to equity0.58
Cash conversionn/a
Share count, 1 year0.2%
Sales CAGR, 3 years-3.3%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.76

At the close of 9 October 2026

Price$32.71
Market cap$2.0 billion
Stock P/En/a
Price to book1.45
EV / EBITDAn/a
Dividend yield1.7%
Market cap / sales0.60
52-week high$47.29
52-week low$23.15
Price, 1 year15.8%
Price CAGR, 3 years-6.0%
Price CAGR, 5 years-5.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Werner Enterprises Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WERNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WERN

Filings25 in twelve months: 18 current reports (8-K), about 5 regulation FD disclosure; 4 officer or director change; 4 results of operations; 2 material agreement; 2 new financial obligation
Planned insider sales4 Form 144 notices in twelve months, $149,674; latest 12 June 2026
Options tapeput/call 5.68 by open interest at the 9 October 2026 close; the straddle prices a 8.6% move to 16 October 2026
13F holders6 of the followed funds hold it; largest FMR LLC; 11 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 56 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.8 million shares short, 5.30 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue818822769761746755712753771738809934
Operating income37.937.915.619.617.613.4-5.866.3-13.0-35.84.016.9
Operating margin5%5%2%3%2%2%-1%9%-2%-5%0%2%
Interest expense8.78.87.99.011.111.19.59.49.910.211.711.7
Pre-tax income30.530.29.312.18.512.5-13.459.1-21.9-44.6-5.97.3
Tax rate23%23%33%24%23%7%n/a26%n/an/an/a27%
Net income23.723.66.39.56.611.9-10.144.1-20.6-27.8-4.36.3
Net margin3%3%1%1%1%2%-1%6%-3%-4%-1%1%
Diluted EPS$0.37$0.37$0.10$0.15$0.11$0.19-$0.16$0.72-$0.34-$0.46-$0.07$0.11
Operating cash flow74.211888.610961.071.029.446.044.162.383.583.8
Capital expenditure16968.758.214013480.823.588.352.785.852.829.0
Free cash flow-94.549.630.4-31.2-73.4-9.85.9-42.3-8.6-23.530.754.8
Buybacks0.00.06.560.50.0-0.00.055.60.0-0.0n/an/a
Dividends paid8.98.98.98.98.78.78.78.78.48.48.48.4
Shares outstanding63m63m63m62m62m62m62m60m60m60m60m60m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,1392,0942,0092,1172,4582,4642,3722,7343,2903,2833,0302,9743,252
Operating income16020012614422422522730932317666.111.7-27.9
Operating margin7.5%9.6%6.3%6.8%9.1%9.2%9.6%11.3%9.8%5.4%2.2%0.4%-0.9%
Interest expense0.92.02.62.22.76.94.24.411.833.539.239.143.5
Pre-tax income16220112714522422222534632514842.5-20.8-65.1
Income tax63.177.448.3-58.355.755.055.684.579.235.58.92.2-9.6
Effective tax rate39.0%38.5%37.9%-40.4%24.9%24.8%24.8%24.4%24.4%24.0%21.0%n/an/a
Net income98.712479.120316816716925924111234.2-14.4-46.3
Net margin4.6%5.9%3.9%9.6%6.8%6.8%7.1%9.5%7.3%3.4%1.1%-0.5%-1.4%
Diluted EPS$1.36$1.71$1.09$2.80$2.33$2.38$2.44$3.82$3.74$1.76$0.55-$0.24-$0.76
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow207370310283418427446333449474330182274
Capital expenditure297454538316520421413371507599414250220
Free cash flow-90.1-83.7-228-33.5-1025.932.8-38.0-58.5-124-84.1-68.553.4
Free cash flow margin-4.2%-4.0%-11.4%-1.6%-4.1%0.2%1.4%-1.4%-1.8%-3.8%-2.8%-2.3%1.6%
Cash from investing-203-336-410-184-331-272-263-397-514-435-241-172-293
Cash from financing-3.7-25.083.4-101-67.6-155-18689.7118-87.1-1067.324.3
Depreciation and amortisationn/an/an/an/an/an/a263268280300290286n/a
Share-based compensation6.14.42.44.57.48.18.910.812.511.98.910.711.9
Buybacks30.66.40.00.072.242.356.51041100.067.155.6n/a
Dividends paid14.415.117.318.823.028624.929.132.234.235.134.133.5
Dividend per share$0.20$0.22$0.24$0.27$0.34$4.11$0.36$0.46$0.51$0.55$0.56$0.56n/a
Diluted shares, weighted73m73m72m73m72m70m69m68m65m64m63m61m60m
Shares outstanding at period end72m72m72m72m70m69m68m66m63m63m62m60m60m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8349369951,1851,2651,1111,1951,3281,4441,5281,4561,3631,356
Redeemable equityn/an/an/an/an/a0.00.035.938.738.637.928.126.9
Debtn/an/an/an/an/an/a200428694649650752793
Operating lease liabilitiesn/an/an/an/an/a8.26.922.632.927.536.426.557.2
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.023.2
Other liabilities6476507986238191,025755790888915872719902
Total liabilities and equity1,4801,5861,7931,8082,0842,1442,1572,6043,0973,1583,0522,8893,159
Owned
Fixed assets1,0141,1541,3631,3471,4881,5261,5431,6131,8251,9731,9341,7911,832
Goodwilln/an/an/an/an/an/a0.074.6133129129129139
Intangible assetsn/an/an/an/an/an/a0.055.381.586.576.444.662.9
Cash and equivalents22.631.817.013.633.926.429.354.210761.740.859.957.0
Receivables267251261304338323341461519445392395491
Inventory17.816.412.811.710.19.212.111.114.518.114.212.114.2
Other assets160132139132214259231335417445466458563
Total assets1,4801,5861,7931,8082,0842,1442,1572,6043,0973,1583,0522,8893,159
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.6%4.6%-3.3%9.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, average11.2%9.0%2.9%-1.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Werner Enterprises' revenue in fiscal 2025?

Werner Enterprises (WERN) reported revenue of $3.0 billion for fiscal 2025, the year ended 31 December 2025, down 1.8% on the year before.

How much did Werner Enterprises earn in fiscal 2025?

Net loss was $14 million for fiscal 2025, and the diluted loss per share $0.24.

What is Werner Enterprises' market cap?

The market cap of Werner Enterprises was $2.0 billion at the close of 9 October 2026.

Does Werner Enterprises pay a dividend?

Yes. Werner Enterprises declared $0.56 a share in dividends over the four quarters to 30 June 2026.

How much debt does Werner Enterprises have?

At 30 June 2026 Werner Enterprises carried $793 million of debt and $57 million of cash.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0424.0%25.8%-0.6%0.000.6%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.4818.4%7.5%5.3%0.310.2%
Knight-Swift Transportation Holdings Inc. KNX$10.5 billion247.900.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.0 billion32.5010.2%11.0%4.8%0.04n/a
Landstar System Inc. LSTR$5.7 billion43.8215.7%3.5%4.1%0.002.1%
Schneider National, Inc. SNDR$5.5 billion49.203.6%3.0%6.2%0.131.2%
Arcbest Corp. ARCB$2.9 billion187.591.3%0.7%3.7%0.100.4%
Dorian LPG Ltd. LPG$2.5 billion7.6226.0%57.6%81.1%0.414.3%
Allegiant Travel Co. ALGT$2.1 billion54.161.5%4.9%12.2%1.560.0%
Werner Enterprises Inc. WERN$2.0 billionn/a-3.4%-0.9%9.6%0.581.7%
Marten Transport Ltd. MRTN$1.0 billion79.691.7%1.8%-6.9%0.001.9%
Heartland Express Inc. HTLD$860 millionn/a-2.9%-2.3%-21.0%0.180.7%
All 44 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$165.3 billion22.5435.5%40.0%4.2%1.402.0%
Booking Holdings Inc. BKNG$120.5 billion17.79n/a32.9%12.9%n/a0.2%
CSX Corp. CSX$87.5 billion27.3222.9%34.2%2.5%1.221.1%
United Parcel Service Inc. UPS$80.5 billion17.5730.3%7.3%-0.4%1.586.9%
Royal Caribbean Cruises Ltd. RCL$75.5 billion17.4443.0%27.3%8.7%2.231.8%
Norfolk Southern Corp. NSC$71.4 billion27.1116.2%32.2%3.0%0.981.7%
FedEx Corp. FDX$69.0 billion15.7614.0%5.8%7.7%0.742.0%
Delta Air Lines, Inc. DAL$54.1 billion16.4014.6%7.4%14.1%0.540.8%
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0424.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.4 billion11.5122.1%16.0%5.2%1.737.4%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$31.4 billion17.10168.4%16.0%12.0%4.520.6%
Expeditors International of Washington Inc. EXPD$25.1 billion28.1243.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.6 billion11.5718.6%8.3%16.3%0.271.6%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.4818.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.5 billion54.1320.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.4 billion25.5511.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.7 billion27.1638.9%4.9%-0.1%1.041.7%
ZTO Express (Cayman) Inc. ZTO *$15.9 billion12.0713.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.5 billion247.900.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.0 billion32.5010.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.4 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.2 billion20.9510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.2 billion9.7429.6%15.1%6.2%5.40n/a
Matson, Inc. MATX$6.8 billion15.0916.7%15.2%-0.2%0.120.6%
International Seaways, Inc. INSW$5.9 billion7.6634.4%64.2%57.4%0.282.4%
Gatx Corp. GATX$5.8 billion16.3013.2%29.1%22.8%4.431.5%
Landstar System Inc. LSTR$5.7 billion43.8215.7%3.5%4.1%0.002.1%
Schneider National, Inc. SNDR$5.5 billion49.203.6%3.0%6.2%0.131.2%
GXO Logistics, Inc. GXO$5.3 billion41.214.4%2.4%7.6%0.82n/a
Rxo, Inc. RXO$4.8 billionn/a-7.0%-1.2%9.5%0.30n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.651.0%
Brinks Co. BCO$4.3 billion23.9458.3%10.5%8.1%12.541.0%
Tidewater Inc. TDW$4.3 billion17.3017.7%18.4%-1.0%0.46n/a
Skywest Inc. SKYW$3.7 billion9.5914.8%14.0%9.1%0.830.1%
Arcbest Corp. ARCB$2.9 billion187.591.3%0.7%3.7%0.100.4%
Dorian LPG Ltd. LPG$2.5 billion7.6226.0%57.6%81.1%0.414.3%
Allegiant Travel Co. ALGT$2.1 billion54.161.5%4.9%12.2%1.560.0%
Werner Enterprises Inc. WERN$2.0 billionn/a-3.4%-0.9%9.6%0.581.7%
Jetblue Airways Corp. JBLU$1.5 billionn/a-55.8%-5.9%4.0%5.34n/a
Bristow Group Inc. VTOL$1.2 billion11.729.6%10.0%8.2%0.68n/a
Marten Transport Ltd. MRTN$1.0 billion79.691.7%1.8%-6.9%0.001.9%
Heartland Express Inc. HTLD$860 millionn/a-2.9%-2.3%-21.0%0.180.7%
Verra Mobility Corp. VRRM$448 million11.3319.8%13.6%11.1%4.63n/a
9 companies share its SEC industry code (Trucking (No Local)); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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