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Werner Enterprises, Inc.

WERN Industrials Trucking

Werner Enterprises, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 1.84% from fiscal 2024.

Revenue
+23.2%
EPS
−84.7%
Free cash flow
+581.6%
Total debt
+13.5%

Quarter to September 2026, against a year earlier

27.83 1.51 −5.15%
Market cap
$1.7B
P/E
0.0×
Fwd P/E
70.4×
Dividend yield
2.01%
F-score
5/9
Altman Z
2.81
Beneish M
−2.89
Dividend safety
24/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — 1 — — — — —
Insider Ownership 1.94%

Capital & Financial Ratios $m

Size
Market Cap 1,680.00
Revenue ttm 3,430.68
Net income ttm (55.52)
Free cash flow ttm 177.63
Net debt Q 783.58
Valuation
P/E 0.00
Forward P/E 70.40 (above 35: high)
Price / sales 0.49
Forward P/S Powerpack
Price / FCF 9.40
Price / book 1.23
Financial health
Current ratio Q 1.42
Debt / equity Q 0.61
Interest coverage Q 1.54
Growth
Revenue growth Q +23.20% (above 0%: growing)
Operating income growth Q +230.47% (above 0%: growing)
EPS, this year +3,386.64% (at or above 15%: strong)
EPS, next year A +195.77% (at or above 15%: strong)
Revenue, next year A +22.95% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +47.54% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 1.0×; over the ten years it ranged from 0.7× in 2026 to 1.4× in 2018.
P/S against its own 10 years 0.29%
10-year low 10-year high
P/B against its own 10 years 5.54%
10-year low 10-year high
EV/Sales against its own 10 years 0.29%
10-year low 10-year high
EV/FCF against its own 10 years 6.17%
10-year low 10-year high

Dividends

Yield
2.01%
Annual rate
0.56
Payout ratio
—
Growth, 2018–26
+6.44%/yr
  1. 0.34 ’18
  2. 0.27 ’19 −21
  3. 0.45 ’20 +67
  4. 0.46 ’21 +2
  5. 0.51 ’22 +11
  6. 0.55 ’23 +8
  7. 0.42 ’24 −24
  8. 0.56 ’25 +33
  9. 0.56 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 62 41 60 39
Receivables 470 418 415 535
Inventory 18 14 12 15
Other 30 15 68 44
635 542 613 696
2023 2024 2025 Q'26
Payables 136 112 95 129
ST’ Debt 3 20 — —
Other 29 56 52 74
331 356 315 491

Compound Annual Growth %

10y 5y 3y
Sales 3.57% 4.63% (3.31%)
Cash Flow (6.87%) (16.42%) (26.00%)
Earnings 0.00% 0.00% 0.00%
Book Value 3.83% 2.66% (1.90%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.16 Actual 0.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.09 0.05 Miss by 0.04
Q1 FY26 −0.03 0.02 Beat by 0.05
Q2 FY26 0.22 0.22 Met by 0.00
Q3 FY26 0.16 0.16 Met by 0.00
Q4 FY26 0.47 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.07) 0.11 0.11 — —
’25 (0.16) 0.72 (0.34) (0.46) (0.24)
’24 0.10 0.15 0.11 0.19 0.55
’23 0.55 0.47 0.37 0.37 1.76
’22 0.82 1.12 0.86 0.94 3.74
’21 0.68 1.06 0.94 1.15 3.82
’20 0.33 0.56 0.67 0.88 2.44
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 809 934 951 — —
’25 712 753 771 738 2,974
’24 769 761 746 755 3,030
’23 833 811 818 822 3,283
’22 765 836 828 861 3,290
’21 616 650 703 765 2,734
’20 593 569 590 620 2,372
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 83 84 — — —
’25 29 46 44 62 182
’24 89 109 61 71 330
’23 167 115 74 118 474
’22 155 113 65 116 449
’21 136 54 64 79 333
’20 133 154 59 100 446
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 81 94 — — —
’25 37 (20) 9 (7) 19
’24 70 10 (27) 42 95
’23 64 (37) (46) 84 66
’22 118 (4) (35) 52 131
’21 98 (11) 4 49 140
’20 115 65 (21) 21 180
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,009 2,117 2,458 2,464 2,372 2,734 3,290 3,283 3,030 2,974 3,431 +4.5% 3,657 3,961 4,175 +12.0%
Gross margin, % 58.25 58.77 58.15 60.70 64.08 60.00 55.38 54.69 54.91 52.97 52.37 (5.3) pt
EBT 127 145 224 222 225 346 325 148 42 (21) (36) n/m
EBT margin, % 6.34 6.83 9.11 9.01 9.47 12.65 9.87 4.50 1.40 (0.70) (1.04) (7.0) pt
Net income 79 203 168 167 169 261 246 112 34 (23) (56) n/m
Per share, $
Per share, $ Revenue 27.88 29.29 34.28 35.41 34.37 40.55 51.31 51.81 48.52 49.08 0.00 +6.5%
Earnings 1.09 2.80 2.33 2.38 2.44 3.82 3.74 1.76 0.55 (0.24) (0.76) n/m
Cash flow 4.30 3.91 5.83 6.13 6.46 4.94 7.00 7.49 5.28 3.00 4.56 (3.9%)
Capex (5.96) (2.75) (4.87) (4.08) (3.86) (2.86) (4.95) (6.45) (3.76) (2.69) (1.60) (8.5%)
Free cash flow (1.66) 1.16 0.97 2.05 2.60 2.07 2.04 1.04 1.52 0.31 2.96 n/m
Book value 13.81 16.39 17.64 15.97 17.31 19.69 22.51 24.12 23.31 22.49 0.00 +5.6%
Shares, m 72 72 72 70 69 67 64 63 62 61 60 (1.9%)
Valuation, ×
Valuation, × P/E 25.41 13.94 12.62 15.23 16.07 12.44 10.88 23.80 65.31 0.00 0.00 19.6
P/S 0.99 1.33 0.86 1.03 1.14 1.18 0.79 0.81 0.74 0.61 0.49 0.9
P/B 2.01 2.37 1.67 2.28 2.27 2.42 1.81 1.74 1.54 1.33 1.23 1.9
EV/Sales 1.07 1.37 0.90 1.14 1.21 1.31 0.97 0.99 0.94 0.85 0.72 1.1
EV/FCF (18.00) 34.50 31.93 19.65 16.02 25.67 24.37 49.36 30.07 132.62 13.86 34.6
Cash, $m
Cash, $m Operating cash flow 310 283 418 427 446 333 449 474 330 182 274 (5.7%)
Capex (430) (199) (349) (284) (266) (193) (318) (409) (235) (163) (96) (10.2%)
Free cash flow (120) 84 69 143 180 140 131 66 95 19 178 n/m
Balance, $m
Balance, $m Working capital 158 168 146 157 183 363 453 304 186 298 205 +7.3%
Net debt 163 83 91 274 171 373 587 587 609 692 784 +17.4%
Shareholders’ equity 995 1,185 1,265 1,111 1,195 1,328 1,444 1,528 1,456 1,363 1,360 +3.6%
Returns, %
Returns, % ROA 4.68 11.27 8.64 7.90 7.86 10.88 8.46 3.59 1.10 (0.48) (0.62) (5.2) pt
ROIC 6.81 7.09 10.34 10.18 10.41 11.36 9.95 5.21 2.00 0.35 0.06 (6.5) pt
ROE 8.20 18.62 13.73 14.05 14.66 20.54 17.41 7.56 2.29 (1.02) (1.39) (9.2) pt
People
People Employees 8,733 9,043 9,616 9,676 9,342 9,988 10,249 9,929 9,287 8,677 — (0.1%)
Revenue/emp, $m 0.23 0.23 0.26 0.25 0.25 0.27 0.32 0.33 0.33 0.34 — +4.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Werner Enterprises, Inc. vs peers in Trucking (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TFII TFI International Inc. $7.9B 22.2× 19.2× +13.39% (above 0%: growing) +26.10% (above 0%: growing) −41.17% (below 0%: shrinking) 47.44% 8.06% Compare
SNDR Schneider National, Inc. $5.0B 34.8× 28.4× +9.15% (above 0%: growing) +154.55% (above 0%: growing) +5.52% (above 0%: growing) 52.35% 3.92% Compare
RXO RXO INC $4.6B — (loss-making) — (loss-making) +31.67% (above 0%: growing) n/m +33.33% (above 0%: growing) 14.70% 0.91% Compare
ARCB ArcBest Corporation $3.0B 104× 35.1× +15.49% (above 0%: growing) +33.79% (above 0%: growing) +77.41% (above 0%: growing) 6.06% 6.06% Compare
WERN Werner Enterprises, Inc. $1.7B — (loss-making) 70.4× +23.20% (above 0%: growing) n/m +581.60% (above 0%: growing) 50.52% 1.79%
MRTN Marten Transport, Ltd. $978.3M 66.1× 59.6× +1.25% (above 0%: growing) +33.33% (above 0%: growing) +100,952.63% (above 0%: growing) 60.93% 1.37% Compare
CVLG Covenant Logistics Group, Inc. $821.5M 215× 20.2× +9.91% (above 0%: growing) −10.53% (below 0%: shrinking) −406.90% (below 0%: shrinking) 58.97% 2.66% Compare
HTLD Heartland Express, Inc. $784.9M — (loss-making) 88.0× −12.48% (below 0%: shrinking) n/m +144.91% (above 0%: growing) 27.63% 8.99% Compare
ULH Universal Logistics Holdings, Inc. $777.1M — (loss-making) 16.9× −3.67% (below 0%: shrinking) +209.37% (above 0%: growing) +220.86% (above 0%: growing) 37.71% 11.90% Compare
Median of peers $2.0B 66.1× 28.4× +9.53% +33.56% +55.37% 42.57% 4.99%

All 18 Trucking stocks →

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.05m 5.87m 82.00
2024 5.82m 2.64m 96.00
2023 5.45m 3.52m 112.00
2022 5.46m 2.47m 105.00
2021 5.31m 8.80m 123.00

Ownership

Directors and executive officers, together 1.30%
BlackRock, Inc. 14.80%
The Vanguard Group 10.70%
Dimensional Fund Advisors LP 6.40%
FMR LLC 5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Werner Enterprises, Inc. (WERN) Latest News

30 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

29 Oct

Impact 4 · · Business Wire
Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · truckingdive.com
Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · MarketBeat
Impact 3 · · FreightWaves
Impact 3 · · Zacks
Impact 3 · · StockStory
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26 Oct

Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · FreightWaves
Impact 4 · · GlobeNewswire
Impact 3 · · Business Wire

18 Oct

Impact 3 · · FreightWaves

12 Oct

Impact 3 · · truckingdive.com

1 Oct

Impact 3 · · StockStory

27 Sep

Impact 4 · · FreightWaves

24 Sep

Impact 3 · · Business Wire

16 Sep

Impact 3 ·

5 Aug

Impact 3 ·

30 Jul

Impact 4 ·

29 Jul

Impact 3 ·
Impact 3 · · truckingdive.com
Impact 3 · transcript

28 Jul

Impact 3 · · Moby transcript
stockrow.com/WERN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com