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Werner Entprise Financials

WERN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Werner Entprise (WERN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 35 / 100
Financial Profile 35/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
23

Werner Entprise has an operating margin of 0.4%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 2.2% the prior year.

Growth
30

Werner Entprise's revenue declined 1.8% year-over-year, from $3.0B to $3.0B. This contraction results in a growth score of 30/100.

Leverage
91

Werner Entprise carries a low D/E ratio of 0.55, meaning only $0.55 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
35

Werner Entprise's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
19

While Werner Entprise generated $181.8M in operating cash flow, capex of $250.4M consumed most of it, leaving -$68.5M in free cash flow. This results in a low score of 19/100, reflecting heavy capital investment rather than weak cash generation.

Returns
9

Werner Entprise generates a -1.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 2.4% the prior year.

Altman Z-Score Grey Zone
2.82

Werner Entprise scores 2.82, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
5/9

Werner Entprise passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-12.63x

For every $1 of reported earnings, Werner Entprise generates $-12.63 in operating cash flow ($181.8M OCF vs -$14.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
0.3x

Werner Entprise earns $0.3 in operating income for every $1 of interest expense ($11.7M vs $39.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.0B
YoY-1.8%
5Y CAGR+4.6%
10Y CAGR+3.6%

Werner Entprise generated $3.0B in revenue in fiscal year 2025. This represents a decrease of 1.8% from the prior year.

EBITDA
$298.1M
YoY-16.4%
5Y CAGR-9.5%
10Y CAGR-2.7%

Werner Entprise's EBITDA was $298.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.4% from the prior year.

Net Income
-$14.4M
YoY-142.1%

Werner Entprise reported -$14.4M in net income in fiscal year 2025. This represents a decrease of 142.1% from the prior year.

EPS (Diluted)
$-0.24
YoY-143.6%

Werner Entprise earned $-0.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 143.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$68.5M
YoY+18.5%

Werner Entprise generated -$68.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 18.5% from the prior year.

Cash & Debt
$59.9M
YoY+47.0%
5Y CAGR+15.4%
10Y CAGR+6.5%

Werner Entprise held $59.9M in cash against $752.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.56
YoY+0.0%
5Y CAGR+9.2%
10Y CAGR+9.8%

Werner Entprise paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
60M
YoY-3.2%
5Y CAGR-2.5%
10Y CAGR-1.8%

Werner Entprise had 60M shares outstanding in fiscal year 2025. This represents a decrease of 3.2% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
0.4%
YoY-1.8pp
5Y CAGR-9.2pp
10Y CAGR-9.2pp

Werner Entprise's operating margin was 0.4% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.

Net Margin
-0.5%
YoY-1.6pp
5Y CAGR-7.6pp
10Y CAGR-6.4pp

Werner Entprise's net profit margin was -0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.6 percentage points from the prior year.

Return on Equity
-1.1%
YoY-3.4pp
5Y CAGR-15.2pp
10Y CAGR-14.3pp

Werner Entprise's ROE was -1.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$55.6M
YoY-17.2%
5Y CAGR-0.3%
10Y CAGR+24.0%

Werner Entprise spent $55.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 17.2% from the prior year.

Capital Expenditures
$250.4M
YoY-39.5%
5Y CAGR-9.5%
10Y CAGR-5.8%

Werner Entprise invested $250.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 39.5% from the prior year.

WERN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $737.6M-4.4% $771.5M+2.4% $753.1M+5.8% $712.1M-5.6% $754.7M+1.2% $745.7M-2.0% $760.8M-1.1% $769.1M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income -$35.8M-175.0% -$13.0M-119.6% $66.3M+1237.2% -$5.8M-143.7% $13.4M-24.1% $17.6M-10.3% $19.6M+25.8% $15.6M
Interest Expense $10.2M+2.9% $9.9M+6.2% $9.4M-1.9% $9.5M-14.3% $11.1M+0.3% $11.1M+22.7% $9.0M+13.8% $7.9M
Income Tax -$9.3M-1027.7% -$822K-105.3% $15.5M+588.4% -$3.2M-448.0% $910K-54.6% $2.0M-31.6% $2.9M-4.4% $3.1M
Net Income -$27.8M-35.1% -$20.6M-146.7% $44.1M+536.3% -$10.1M-184.9% $11.9M+81.1% $6.6M-30.6% $9.5M+50.0% $6.3M
EPS (Diluted) N/A $-0.34-147.2% $0.72+550.0% $-0.16 N/A $0.11-26.7% $0.15+50.0% $0.10

WERN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $2.9B-2.8% $3.0B+0.8% $2.9B-1.3% $3.0B-2.1% $3.1B-2.2% $3.1B+0.9% $3.1B+0.5% $3.1B
Current Assets $612.8M+1.3% $604.8M+8.1% $559.5M+3.9% $538.7M-0.6% $541.8M-0.9% $547.0M-5.3% $577.7M-3.3% $597.3M
Cash & Equivalents $59.9M+17.5% $51.0M-0.8% $51.4M-1.0% $52.0M+27.5% $40.8M-25.4% $54.7M-22.4% $70.4M+16.8% $60.3M
Inventory $12.1M+4.8% $11.5M-12.7% $13.2M+1.9% $13.0M-8.5% $14.2M-8.2% $15.4M-5.2% $16.3M-5.2% $17.2M
Accounts Receivable $394.9M-9.7% $437.5M+4.0% $420.5M+8.6% $387.1M-1.2% $391.7M+2.0% $384.0M-6.3% $410.0M-1.8% $417.5M
Goodwill $129.1M0.0% $129.1M0.0% $129.1M0.0% $129.1M0.0% $129.1M0.0% $129.1M0.0% $129.1M0.0% $129.1M
Total Liabilities $1.5B-2.7% $1.5B+3.4% $1.5B-1.6% $1.5B-2.9% $1.6B-4.7% $1.6B+2.2% $1.6B+5.1% $1.5B
Current Liabilities $314.8M-15.8% $373.7M+11.8% $334.3M+3.3% $323.6M-9.0% $355.7M-0.5% $357.7M+4.5% $342.5M+9.0% $314.1M
Long-Term Debt $752.0M+3.7% $725.0M0.0% $725.0M+13.3% $640.0M+1.6% $630.0M-8.7% $690.0M+4.5% $660.0M+10.7% $596.3M
Total Equity $1.4B-2.3% $1.4B-1.8% $1.4B-1.1% $1.4B-1.4% $1.5B+0.5% $1.4B-0.5% $1.5B-4.1% $1.5B
Retained Earnings $1.9B-1.9% $1.9B-1.5% $2.0B+1.8% $1.9B-1.0% $2.0B+0.2% $1.9B-0.1% $2.0B0.0% $2.0B

WERN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $62.3M+41.1% $44.1M-4.1% $46.0M+56.7% $29.4M-58.7% $71.0M+16.4% $61.0M-44.0% $109.1M+23.1% $88.6M
Capital Expenditures $85.8M+62.8% $52.7M-40.3% $88.3M+275.7% $23.5M-70.9% $80.8M-39.9% $134.5M-4.2% $140.3M+140.9% $58.2M
Free Cash Flow -$23.5M-174.9% -$8.6M+79.8% -$42.3M-822.5% $5.9M+160.0% -$9.8M+86.7% -$73.4M-135.1% -$31.2M-202.9% $30.4M
Investing Cash Flow -$71.8M-100.3% -$35.8M+45.9% -$66.3M-2896.0% $2.4M+106.8% -$35.0M+59.8% -$87.1M+12.9% -$100.0M-415.2% -$19.4M
Financing Cash Flow $18.2M+300.6% -$9.1M-148.6% $18.7M+191.0% -$20.5M+58.3% -$49.3M-534.4% $11.3M+278.1% $3.0M+104.2% -$70.8M
Dividends Paid $8.4M0.0% $8.4M-3.4% $8.7M+0.1% $8.7M+0.1% $8.7M0.0% $8.7M-2.5% $8.9M0.0% $8.9M
Share Buybacks -$9K $0-100.0% $55.6M $0+100.0% -$17K $0-100.0% $60.5M+824.2% $6.5M

WERN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin -4.9%-3.2pp -1.7%-10.5pp 8.8%+9.6pp -0.8%-2.6pp 1.8%-0.6pp 2.4%-0.2pp 2.6%+0.6pp 2.0%
Net Margin -3.8%-1.1pp -2.7%-8.5pp 5.9%+7.3pp -1.4%-3.0pp 1.6%+0.7pp 0.9%-0.4pp 1.2%+0.4pp 0.8%
Return on Equity -2.0%-0.6pp -1.5%-4.6pp 3.1%+3.8pp -0.7%-1.5pp 0.8%+0.4pp 0.4%-0.2pp 0.7%+0.2pp 0.4%
Return on Assets -1.0%-0.3pp -0.7%-2.2pp 1.5%+1.8pp -0.3%-0.7pp 0.4%+0.2pp 0.2%-0.1pp 0.3%+0.1pp 0.2%
Current Ratio 1.95+0.3 1.62-0.1 1.670.0 1.66+0.1 1.520.0 1.53-0.2 1.69-0.2 1.90
Debt-to-Equity 0.55+0.0 0.520.0 0.51+0.1 0.45+0.0 0.43-0.0 0.48+0.0 0.45+0.1 0.39
FCF Margin -3.2%-2.1pp -1.1%+4.5pp -5.6%-6.4pp 0.8%+2.1pp -1.3%+8.6pp -9.8%-5.8pp -4.1%-8.1pp 4.0%

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Frequently Asked Questions

Werner Entprise (WERN) reported $3.0B in total revenue for fiscal year 2025. This represents a -1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Werner Entprise (WERN) revenue declined by 1.8% year-over-year, from $3.0B to $3.0B in fiscal year 2025.

No, Werner Entprise (WERN) reported a net income of -$14.4M in fiscal year 2025, with a net profit margin of -0.5%.

Werner Entprise (WERN) reported diluted earnings per share of $-0.24 for fiscal year 2025. This represents a -143.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Werner Entprise (WERN) had EBITDA of $298.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Werner Entprise (WERN) had $59.9M in cash and equivalents against $752.0M in long-term debt.

Werner Entprise (WERN) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Werner Entprise (WERN) had a net profit margin of -0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Werner Entprise (WERN) paid $0.56 per share in dividends during fiscal year 2025.

Werner Entprise (WERN) has a return on equity of -1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Werner Entprise (WERN) generated -$68.5M in free cash flow during fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Werner Entprise (WERN) generated $181.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Werner Entprise (WERN) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Werner Entprise (WERN) invested $250.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Werner Entprise (WERN) spent $55.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Werner Entprise (WERN) had 60M shares outstanding as of fiscal year 2025.

Werner Entprise (WERN) had a current ratio of 1.95 as of fiscal year 2025, which is generally considered healthy.

Werner Entprise (WERN) had a debt-to-equity ratio of 0.55 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Werner Entprise (WERN) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Werner Entprise (WERN) has an Altman Z-Score of 2.82, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Werner Entprise (WERN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Werner Entprise (WERN) has an earnings quality ratio of -12.63x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Werner Entprise (WERN) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Werner Entprise (WERN) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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