Werner Enterprises, Inc., together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and internationally. The company operates a fleet of medium-to-long-haul vans that transport various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet, which provides time-sensitive truckload services using driver teams; a regional short-haul fleet for truckload van service; and temperature-controlled fleet, which offers truckload services for temperature-sensitive products using temperature-controlled trailers to retail distribution center or manufacturing facility, utilizing either dry van or specialized trailers. It also provides non-asset-based transportation and logistics services, comprising truckload logistics, which uses contracted carriers to complete shipments for brokerage customers and freight management customers, which it offers logistics management services and solutions; intermodal, which offers rail transportation through alliances with rail and drayage providers as an alternative to truck transportation; and werner final mile offers residential and commercial deliveries of large or heavy items using third-party agents and independent contractors. In addition, the company sells used trucks and trailers; and trades used trucks to original equipment manufacturers. It transports retail store merchandise, consumer products, food and beverage products and manufactured products. As of December 31, 2025, it had a fleet of 7,100 trucks, which included 6,785 that were company-operated, as well as 315 owned and operated by independent contractors; 28,780 trailers that comprised dry vans, flatbeds, and temperature-controlled, and other trailers; and 27 drayage company trucks and 170 Final Mile delivery trucks. Werner Enterprises, Inc. was founded in 1956 and is headquartered in Omaha, Nebraska.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.0B | $305M | $-14M | $-69M | -1.1% | -1.8% | -142.1% |
| 2024 | $3.0B | $372M | $34M | $-84M | 2.4% | -7.7% | -69.5% |
| 2023 | $3.3B | $481M | $112M | $-124M | 7.4% | -0.2% | -53.4% |
| 2022 | $3.3B | $617M | $241M | $-59M | 16.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,289.98 | 3,283.50 | 3,030.26 | 2,974.40 |
| Operating Revenue | - | 3,216.96 | 3,203.55 | 2,955.20 | 2,899.51 |
| Cost Of Revenue | - | 2,768.39 | 2,859.85 | 2,691.63 | 2,685.98 |
| Gross Profit | - | 521.59 | 423.65 | 338.63 | 288.41 |
| Operating Expense | - | 198.51 | 247.24 | 272.48 | 232.53 |
| Selling General And Administration | - | 163.22 | 157 | 162.59 | 131.86 |
| Total Expenses | - | 2,966.90 | 3,107.08 | 2,964.11 | 2,918.51 |
| Operating Income | - | 323.08 | 176.42 | 66.15 | 55.88 |
| Total Operating Income As Reported | - | 323.08 | 176.42 | 66.15 | 11.66 |
| EBITDA | - | 616.54 | 480.82 | 372.10 | 304.58 |
| Normalized EBITDA | - | 604.34 | 481.10 | 364.17 | 348.88 |
| EBIT | - | 336.61 | 181.32 | 81.69 | 18.26 |
| Interest Income | - | 1.73 | 6.70 | 6.90 | 5.63 |
| Interest Expense | - | 11.83 | 33.53 | 39.21 | 39.05 |
| Net Interest Income | - | -10.10 | -26.83 | -32.31 | -33.42 |
| Other Non Operating Income Expenses | - | -0.39 | -0.48 | 0.16 | 0.38 |
| Other Income Expense | - | 11.81 | -1.80 | 8.65 | -43.25 |
| Interest Income Non Operating | - | 1.73 | 6.70 | 6.90 | 5.63 |
| Interest Expense Non Operating | - | 11.83 | 33.53 | 39.21 | 39.05 |
| Net Non Operating Interest Income Expense | - | -10.10 | -26.83 | -32.31 | -33.42 |
| Pretax Income | - | 324.79 | 147.78 | 42.48 | -20.79 |
| Tax Provision | - | 79.21 | 35.49 | 8.91 | 2.21 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.98 | -0.07 | 1.66 | -9.30 |
| Net Income Continuous Operations | - | 245.58 | 112.29 | 33.57 | -23 |
| Net Income From Continuing And Discontinued Operation | - | 241.26 | 112.38 | 34.23 | -14.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 241.26 | 112.38 | 34.23 | -14.40 |
| Net Income | - | 241.26 | 112.38 | 34.23 | -14.40 |
| Net Income Common Stockholders | - | 241.26 | 112.38 | 34.23 | -14.40 |
| Net Income Including Noncontrolling Interests | - | 245.58 | 112.29 | 33.57 | -23 |
| Normalized Income | - | 232.04 | 112.59 | 27.97 | 20.59 |
| Diluted NI Availto Com Stockholders | - | 241.26 | 112.38 | 34.23 | -14.40 |
| Basic Average Shares | - | 63.22 | 63.44 | 61.85 | 59.87 |
| Diluted Average Shares | - | 64.58 | 63.72 | 62.66 | 60.61 |
| Reconciled Depreciation | - | 279.92 | 299.51 | 290.40 | 286.32 |
| Reconciled Cost Of Revenue | - | 2,768.39 | 2,859.85 | 2,691.63 | 2,685.98 |
| Total Unusual Items | - | 12.20 | -0.28 | 7.93 | -44.29 |
| Total Unusual Items Excluding Goodwill | - | 12.20 | -0.28 | 7.93 | -44.29 |
| Minority Interests | - | -4.32 | 0.09 | 0.66 | 8.60 |
| Special Income Charges | - | - | 0 | 0 | -44.22 |
| Restructuring And Mergern Acquisition | - | - | 0 | 0 | 44.22 |
| Gain On Sale Of Security | - | 12.20 | -0.28 | 7.93 | -0.07 |
| General And Administrative Expense | - | 163.22 | 157 | 162.59 | 131.86 |
| Other Gand A | - | 15.86 | 18.48 | 17.20 | 15.86 |
| Insurance And Claims | - | 147.36 | 138.52 | 145.40 | 115.99 |
| Rent Expense Supplemental | - | 777.46 | 886.28 | 844.87 | 902.82 |
| Other Operating Expenses | - | -62.64 | -12.44 | 12.66 | 10.20 |
| Earnings From Equity Interest | - | 0 | -1.05 | 0.56 | 0.66 |
| Other Taxes | - | 97.93 | 102.68 | 97.23 | 90.47 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Werner Enterprises, Inc.this co. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Worthington Enterprises, Inc. | WOR | $2.9B | 29.77 | 3.05 | 10.2% | 16.38 |
| Hub Group, Inc. | HUBG | $2.7B | 25.63 | 1.62 | 6.3% | 9.06 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.95 |
| 7.3% |
| 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 | 5.02 | 17.8% | 14.18 |
| DNOW Inc. | DNOW | $2.5B | -27.69 | 1.10 | -4.0% | -99.50 |
| ABM Industries Incorporated | ABM | $2.3B | 14.37 | 1.31 | 9.1% | 9.26 |
| CoreCivic, Inc. | CXW | $2.3B | 19.57 | 1.62 | 8.3% | 10.14 |
| Peer Median | - | 22.60 | 1.79 | 8.7% | 9.70 | |