Werner Enterprises (WERN) Financials

$26.00 -0.25 (-0.95%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$25.84 -0.16 (-0.60%)

As of 05/30/2025 05:43 PM Eastern

Annual Income Statements for Werner Enterprises

This table shows Werner Enterprises' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	34	112	241	259	169	167	168	203	79	124	99
Consolidated Net Income / (Loss)	34	112	246	261	169	167	168	203	79	124	99
Net Income / (Loss) Continuing Operations	34	112	246	261	169	167	168	203	79	124	99
Total Pre-Tax Income	42	148	325	346	225	222	224	145	127	201	162
Total Operating Income	66	176	323	309	227	225	224	144	126	200	160
Total Gross Profit	1,720	980	1,055	1,593	1,419	1,409	1,422	1,236	1,218	1,249	1,209
Total Revenue	3,030	3,283	3,290	2,734	2,372	2,464	2,458	2,117	2,009	2,094	2,139
Operating Revenue	3,030	3,283	3,290	2,734	2,372	2,464	2,458	2,117	2,009	2,094	2,139
Total Cost of Revenue	1,310	2,304	2,235	1,141	953	1,054	1,036	880	791	844	930
Operating Cost of Revenue	1,310	2,304	2,235	1,141	953	1,054	1,036	880	791	844	930
Total Operating Expenses	1,654	803	732	1,284	1,192	1,184	1,198	1,093	1,092	1,049	1,049
Marketing Expense	145	139	147	99	110	89	98	80	84	81	80
Depreciation Expense	290	300	280	268	263	250	230	218	210	193	177
Other Operating Expenses / (Income)	1,218	365	304	918	819	843	877	777	785	776	787
Total Other Income / (Expense), net	-24	-29	1.71	37	-2.74	-3.57	-0.33	0.74	1.39	0.71	1.69
Interest Expense	39	34	12	4.42	4.22	6.85	2.70	2.24	2.58	1.97	0.88
Interest & Investment Income	7.45	5.66	1.73	1.21	1.63	3.33	2.74	3.31	4.16	2.88	2.54
Other Income / (Expense), net	8.09	-0.76	12	40	-0.16	-0.04	-0.38	-0.33	-0.19	-0.20	0.03
Income Tax Expense	8.91	35	79	85	56	55	56	-58	48	77	63
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.66	-0.09	4.32	2.43	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$0.55	$1.77	$3.76	$3.84	$2.45	$2.40	$2.35	$2.81	$1.10	$1.72	$1.37
Weighted Average Basic Shares Outstanding	62.45M	63.37M	64.13M	67.43M	69.02M	69.57M	71.69M	72.27M	72.06M	71.96M	72.12M
Diluted Earnings per Share	$0.55	$1.76	$3.74	$3.82	$2.44	$2.38	$2.33	$2.80	$1.09	$1.71	$1.36
Weighted Average Diluted Shares Outstanding	62.66M	63.72M	64.58M	67.86M	69.43M	70.03M	72.06M	72.56M	72.39M	72.56M	72.74M
Weighted Average Basic & Diluted Shares Outstanding	61.87M	63.47M	63.25M	65.80M	68.01M	69.35M	71.60M	72.20M	71.90M	71.90M	72M
Cash Dividends to Common per Share	$0.56	$0.55	$0.51	$0.46	$0.36	$4.11	$0.34	$0.27	$0.24	$0.22	$0.20

This table shows Werner Enterprises' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	12	6.57	9.47	6.31	24	24	30	35	60	55
Consolidated Net Income / (Loss)	12	6.54	9.20	6.25	23	24	30	36	61	56
Net Income / (Loss) Continuing Operations	12	6.54	9.20	6.25	23	24	30	36	61	56
Total Pre-Tax Income	12	8.54	12	9.32	30	31	40	47	81	74
Total Operating Income	13	18	20	16	38	38	47	53	88	76
Total Gross Profit	442	422	429	426	-420	459	467	473	-288	451
Total Revenue	755	746	761	769	822	818	811	833	861	828
Operating Revenue	755	746	761	769	822	818	811	833	861	828
Total Cost of Revenue	312	323	332	343	1,242	358	344	360	1,149	376
Operating Cost of Revenue	312	323	332	343	1,242	358	344	360	1,149	376
Total Operating Expenses	429	405	409	410	-458	421	420	420	-376	375
Marketing Expense	49	28	32	36	34	31	37	36	44	35
Depreciation Expense	72	72	73	74	76	75	75	74	74	70
Other Operating Expenses / (Income)	308	306	305	300	-567	316	308	309	-494	270
Total Other Income / (Expense), net	-0.86	-9.05	-7.48	-6.27	-7.73	-7.36	-7.09	-6.45	-7.39	-2.35
Interest Expense	11	11	9.04	7.95	8.82	8.66	8.14	7.92	5.82	2.78
Interest & Investment Income	2.22	2.09	1.59	1.55	1.51	1.62	1.06	1.47	-23	0.39
Other Income / (Expense), net	8.05	-0.05	-0.03	0.12	-0.42	-0.32	-0.01	-0.01	22	0.04
Income Tax Expense	0.91	2.00	2.93	3.07	6.97	7.03	10	11	20	18
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.31	-0.03	-0.27	-0.06	-0.34	-0.20	0.14	0.31	0.85	0.87
Basic Earnings per Share	$0.19	$0.11	$0.15	$0.10	$0.37	$0.37	$0.47	$0.56	$0.95	$0.87
Weighted Average Basic Shares Outstanding	62.45M	61.81M	62.71M	63.47M	63.37M	63.39M	63.38M	63.31M	64.13M	63.39M
Diluted Earnings per Share	$0.19	$0.11	$0.15	$0.10	$0.37	$0.37	$0.47	$0.55	$0.94	$0.86
Weighted Average Diluted Shares Outstanding	62.66M	62.02M	62.86M	63.73M	63.72M	63.74M	63.69M	63.70M	64.58M	63.78M
Weighted Average Basic & Diluted Shares Outstanding	61.87M	61.81M	61.81M	63.41M	63.47M	63.39M	63.39M	63.38M	63.25M	63.20M

This table details how cash moves in and out of Werner Enterprises' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-21	-46	53	25	-4.11	-0.49	19	-2.35	-18	9.23	-1.07
Net Cash From Operating Activities	330	474	449	333	446	427	418	283	310	370	207
Net Cash From Continuing Operating Activities	330	474	449	333	446	427	418	283	310	370	207
Net Income / (Loss) Continuing Operations	34	112	246	261	169	167	168	203	79	124	99
Consolidated Net Income / (Loss)	34	112	246	261	169	167	168	203	79	124	99
Depreciation Expense	290	300	280	268	263	250	230	218	210	193	177
Non-Cash Adjustments To Reconcile Net Income	-18	-34	-81	-84	1.05	0.71	9.07	-7.86	-25	-17	-22
Changes in Operating Assets and Liabilities, net	23	97	3.76	-112	12	9.47	11	-130	46	71	-47
Net Cash From Investing Activities	-241	-435	-514	-397	-263	-272	-331	-184	-410	-336	-203
Net Cash From Continuing Investing Activities	-241	-435	-514	-397	-263	-272	-331	-184	-410	-336	-203
Purchase of Property, Plant & Equipment	-414	-599	-507	-371	-413	-421	-520	-316	-538	-454	-297
Acquisitions	-3.82	-3.57	-184	-202	0.00	0.00	-	-	-	-	-
Purchase of Investments	-6.04	-2.93	-20	-10	-5.00	0.00	-	-	-	-	-
Sale of Property, Plant & Equipment	179	190	190	178	147	137	171	117	108	103	84
Sale and/or Maturity of Investments	3.30	5.26	7.61	7.59	7.97	12	21	20	19	20	14
Other Investing Activities, net	0.00	-25	0.00	0.00	-	0.00	-3.30	-5.00	0.00	-3.58	-5.58
Net Cash From Financing Activities	-106	-87	118	90	-186	-155	-68	-101	83	-25	-3.67
Net Cash From Continuing Financing Activities	-106	-87	118	90	-186	-155	-68	-101	83	-25	-3.67
Repayment of Debt	-314	-142	-104	-28	-140	-100	-60	-105	-63	-13	-50
Repurchase of Common Equity	-67	0.00	-110	-104	-57	-42	-72	0.00	0.00	-6.44	-31
Payment of Dividends	-35	-34	-34	-29	-25	-286	-23	-19	-17	-15	-14
Issuance of Debt	315	95	370	255	40	275	110	0.00	165	10	85
Other Financing Activities, net	-4.83	-6.36	-4.08	-4.27	-4.55	-1.73	-22	22	-1.22	-0.32	6.36
Effect of Exchange Rate Changes	-3.54	2.13	0.63	-0.32	-0.78	0.40	-0.37	0.05	-0.38	-0.63	-0.48
Cash Interest Paid	40	27	11	4.23	4.42	6.44	2.69	2.49	2.47	1.98	0.82
Cash Income Taxes Paid	26	18	40	81	54	50	11	22	4.67	35	77

This table details how cash moves in and out of Werner Enterprises' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-14	-16	10	-1.39	19	-3.75	-83	22	-18	71
Net Cash From Operating Activities	71	61	109	89	118	74	115	167	116	65
Net Cash From Continuing Operating Activities	71	61	109	89	118	74	115	167	116	65
Net Income / (Loss) Continuing Operations	12	6.54	9.20	6.25	23	24	30	36	61	56
Consolidated Net Income / (Loss)	12	6.54	9.20	6.25	23	24	30	36	61	56
Depreciation Expense	72	72	73	74	76	75	75	74	74	70
Non-Cash Adjustments To Reconcile Net Income	-4.66	0.67	-8.68	-5.06	2.13	-8.41	-14	-14	-14	-22
Changes in Operating Assets and Liabilities, net	-7.77	-18	36	13	17	-15	24	71	-4.77	-39
Net Cash From Investing Activities	-35	-87	-100	-19	-33	-122	-151	-129	-246	-99
Net Cash From Continuing Investing Activities	-35	-87	-100	-19	-33	-122	-151	-129	-246	-99
Purchase of Property, Plant & Equipment	-81	-134	-140	-58	-69	-169	-200	-162	-127	-153
Acquisitions	-1.46	-	-1.30	-1.06	-0.74	-	-0.52	-2.31	-185	-
Purchase of Investments	-6.01	-0.01	-0.01	-0.01	-0.07	-2.87	-	0.00	-	-
Sale of Property, Plant & Equipment	52	47	41	39	34	49	48	59	64	52
Sale and/or Maturity of Investments	1.27	0.86	0.47	0.70	2.45	1.10	0.88	0.83	2.74	1.58
Net Cash From Financing Activities	-49	11	3.00	-71	-67	44	-48	-16	111	105
Net Cash From Continuing Financing Activities	-49	11	3.00	-71	-67	44	-48	-16	111	105
Repayment of Debt	-85	-60	-98	-71	-58	-30	-51	-2.50	0.75	-2.00
Repurchase of Common Equity	0.02	-	-61	-6.55	-	-	-	0.00	-	-8.29
Payment of Dividends	-8.65	-8.65	-8.88	-8.88	-8.88	-8.87	-8.24	-8.22	-9.79	-8.24
Issuance of Debt	45	80	170	20	15	80	-	0.00	120	130
Other Financing Activities, net	-0.66	-	-0.09	-4.09	-15	3.09	12	-5.51	-0.38	-6.08
Effect of Exchange Rate Changes	-0.67	-1.12	-1.96	0.21	0.61	-0.46	1.02	0.97	0.56	-0.25
Cash Interest Paid	13	11	7.40	9.33	1.91	8.66	8.40	8.24	5.52	2.43
Cash Income Taxes Paid	11	11	2.42	1.17	0.75	5.70	11	0.22	1.52	7.70

This table presents Werner Enterprises' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	3,052	3,158	3,097	2,604	2,157	2,144	2,084	1,808	1,793	1,586	1,480
Total Current Assets	542	635	763	631	457	466	457	400	373	380	426
Cash & Equivalents	41	62	107	54	29	26	34	14	17	32	23
Accounts Receivable	418	470	549	485	365	375	364	331	277	268	287
Inventories, net	14	18	15	11	12	9.24	10	12	13	16	18
Prepaid Expenses	54	54	18	18	17	17	17	16	15	16	15
Other Current Assets	15	30	74	63	34	39	32	28	30	27	26
Plant, Property, & Equipment, net	1,934	1,973	1,825	1,613	1,543	1,526	1,488	1,347	1,363	1,154	1,014
Plant, Property & Equipment, gross	2,941	2,952	2,886	2,558	2,405	2,344	2,248	2,114	2,110	1,909	1,786
Accumulated Depreciation	1,007	979	1,060	945	862	817	760	767	747	754	772
Total Noncurrent Assets	576	550	509	359	157	151	139	61	57	52	40
Goodwill	129	129	133	75	0.00	-	-	-	-	-	-
Intangible Assets	76	86	82	55	0.00	-	-	-	-	-	-
Other Noncurrent Operating Assets	371	335	295	229	157	151	139	61	57	52	40
Total Liabilities & Shareholders' Equity	3,052	3,158	3,097	2,604	2,157	2,144	2,084	1,808	1,793	1,586	1,480
Total Liabilities	1,558	1,591	1,615	1,240	962	1,033	819	623	798	650	647
Total Current Liabilities	356	331	310	269	274	309	310	232	215	184	187
Short-Term Debt	20	2.50	6.25	5.00	25	75	75	0.00	20	0.00	-
Accounts Payable	112	136	124	94	83	95	98	74	67	71	65
Accrued Expenses	19	30	20	29	25	11	-	-	-	-	-
Current Employee Benefit Liabilities	55	51	50	44	36	38	40	33	26	25	28
Other Current Liabilities	150	111	109	97	105	90	97	126	102	88	94
Total Noncurrent Liabilities	1,203	1,260	1,305	972	688	724	508	391	583	466	460
Long-Term Debt	630	646	688	423	175	225	50	75	160	75	75
Asset Retirement Reserve & Litigation Obligation	237	240	245	237	232	228	214	108	114	125	123
Noncurrent Deferred & Payable Income Tax Liabilities	270	320	313	268	238	250	233	195	293	246	242
Other Noncurrent Operating Liabilities	66	54	60	43	43	21	11	13	17	20	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	38	39	39	36	0.00	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	1,456	1,528	1,444	1,328	1,195	1,111	1,265	1,185	995	936	834
Total Preferred & Common Equity	1,456	1,528	1,444	1,328	1,195	1,111	1,265	1,185	995	936	834
Total Common Equity	1,456	1,528	1,444	1,328	1,195	1,111	1,265	1,185	995	936	834
Common Stock	139	136	131	123	117	113	108	103	102	104	103
Retained Earnings	1,953	1,953	1,876	1,667	1,439	1,295	1,414	1,268	1,085	1,023	915
Treasury Stock	-617	-551	-552	-442	-338	-282	-241	-171	-175	-178	-174
Accumulated Other Comprehensive Income / (Loss)	-18	-9.68	-11	-21	-23	-15	-16	-16	-17	-13	-9.38

This table presents Werner Enterprises' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,122	3,094	3,079	3,194	3,105	3,116	2,859
Total Current Assets	547	578	597	645	609	710	731
Cash & Equivalents	55	70	60	43	47	130	126
Accounts Receivable	409	438	442	476	471	490	518
Inventories, net	15	16	17	17	16	15	13
Prepaid Expenses	7.22	7.90	13	7.93	8.69	14	8.51
Other Current Assets	60	45	65	101	67	61	66
Plant, Property, & Equipment, net	2,021	1,960	1,931	1,987	1,944	1,855	1,719
Plant, Property & Equipment, gross	3,022	2,952	2,914	2,952	2,976	2,875	2,781
Accumulated Depreciation	1,001	992	983	966	1,032	1,020	1,062
Total Noncurrent Assets	554	556	550	563	551	552	410
Goodwill	129	129	129	129	129	129	74
Intangible Assets	79	81	84	89	92	94	51
Other Noncurrent Operating Assets	346	345	337	345	331	329	284
Total Liabilities & Shareholders' Equity	3,122	3,094	3,079	3,194	3,105	3,116	2,859
Total Liabilities	1,635	1,600	1,522	1,643	1,569	1,607	1,434
Total Current Liabilities	358	342	314	330	315	303	303
Short-Term Debt	0.00	10	1.25	3.75	3.75	5.00	5.00
Accounts Payable	164	142	136	129	120	129	116
Accrued Expenses	22	23	22	28	19	20	32
Current Employee Benefit Liabilities	55	52	48	49	47	44	48
Other Current Liabilities	116	115	106	120	125	106	103
Total Noncurrent Liabilities	1,277	1,258	1,208	1,314	1,254	1,303	1,131
Long-Term Debt	690	660	596	686	636	686	569
Asset Retirement Reserve & Litigation Obligation	228	227	236	238	240	246	239
Noncurrent Deferred & Payable Income Tax Liabilities	292	308	323	337	322	313	281
Other Noncurrent Operating Liabilities	67	62	53	53	56	59	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	38	38	39	39	39	39	39
Total Equity & Noncontrolling Interests	1,449	1,455	1,518	1,512	1,497	1,471	1,387
Total Preferred & Common Equity	1,449	1,455	1,518	1,512	1,497	1,471	1,387
Total Common Equity	1,449	1,455	1,518	1,512	1,497	1,471	1,387
Common Stock	138	136	134	134	131	129	128
Retained Earnings	1,950	1,952	1,951	1,939	1,924	1,903	1,824
Treasury Stock	-618	-618	-557	-552	-552	-552	-552
Accumulated Other Comprehensive Income / (Loss)	-21	-14	-9.07	-8.65	-6.62	-9.26	-13

This table displays calculated financial ratios and metrics derived from Werner Enterprises' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.71%	-0.20%	20.32%	15.27%	-3.71%	0.24%	16.12%	5.36%	-4.04%	-2.14%	5.43%
EBITDA Growth	-23.26%	-22.71%	-0.34%	25.76%	3.28%	4.62%	25.71%	7.61%	-14.71%	16.72%	7.73%
EBIT Growth	-57.74%	-47.55%	-4.11%	53.66%	0.82%	0.71%	55.99%	13.99%	-37.14%	25.07%	14.45%
NOPAT Growth	-61.01%	-45.13%	4.57%	36.50%	0.89%	0.73%	-16.57%	157.91%	-36.51%	26.28%	14.09%
Net Income Growth	-70.10%	-54.28%	-6.08%	54.65%	1.28%	-0.72%	-17.12%	156.40%	-36.04%	25.41%	13.67%
EPS Growth	-68.75%	-52.94%	-2.09%	56.56%	2.52%	2.15%	-16.79%	156.88%	-36.26%	25.74%	15.25%
Operating Cash Flow Growth	-30.49%	5.72%	34.82%	-25.36%	4.52%	2.03%	47.85%	-8.67%	-16.40%	79.31%	-11.14%
Free Cash Flow Firm Growth	110.80%	155.74%	36.17%	-172.35%	34.91%	139.84%	-48.26%	212.69%	-427.97%	14,747.34%	-99.76%
Invested Capital Growth	-2.36%	4.11%	19.12%	27.17%	-1.36%	2.12%	8.80%	7.63%	18.29%	10.44%	12.35%
Revenue Q/Q Growth	-2.17%	-1.19%	3.01%	5.60%	-0.06%	-0.99%	3.32%	2.35%	-0.49%	-1.15%	1.68%
EBITDA Q/Q Growth	-5.18%	-12.96%	-0.94%	7.79%	3.13%	-0.86%	8.20%	2.34%	-4.46%	2.53%	4.96%
EBIT Q/Q Growth	-17.83%	-29.26%	-2.44%	11.89%	7.47%	-3.89%	15.30%	7.58%	-15.11%	2.38%	11.51%
NOPAT Q/Q Growth	-23.31%	-21.82%	-3.63%	6.79%	6.95%	-2.97%	-33.74%	142.62%	-15.80%	3.13%	12.43%
Net Income Q/Q Growth	-25.76%	-25.17%	-6.42%	7.09%	7.68%	-3.51%	-33.99%	142.79%	-15.79%	3.29%	11.95%
EPS Q/Q Growth	-24.66%	-24.46%	-5.08%	7.30%	8.44%	-2.86%	-33.81%	143.48%	-16.15%	3.64%	12.40%
Operating Cash Flow Q/Q Growth	-12.55%	0.50%	8.86%	-5.68%	1.15%	-4.73%	15.48%	-14.74%	7.23%	14.27%	-8.83%
Free Cash Flow Firm Q/Q Growth	-28.60%	131.84%	-414.05%	-20.26%	-22.70%	5.75%	460.51%	37.19%	-12.62%	60.90%	-99.49%
Invested Capital Q/Q Growth	-0.90%	-2.02%	10.44%	5.40%	3.88%	-1.13%	-0.22%	11.75%	3.87%	4.99%	6.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.76%	29.84%	32.06%	58.28%	59.83%	57.20%	57.87%	58.41%	60.62%	59.66%	56.52%
EBITDA Margin	12.03%	14.47%	18.69%	22.56%	20.68%	19.28%	18.47%	17.06%	16.71%	18.79%	15.76%
Operating Margin	2.18%	5.37%	9.82%	11.31%	9.59%	9.15%	9.12%	6.79%	6.28%	9.58%	7.48%
EBIT Margin	2.45%	5.35%	10.18%	12.77%	9.58%	9.15%	9.11%	6.78%	6.27%	9.57%	7.48%
Profit (Net Income) Margin	1.11%	3.42%	7.46%	9.56%	7.13%	6.78%	6.84%	9.59%	3.94%	5.91%	4.61%
Tax Burden Percent	79.02%	75.98%	75.61%	75.57%	75.25%	75.23%	75.11%	140.35%	62.08%	61.50%	60.98%
Interest Burden Percent	57.22%	84.13%	96.98%	99.08%	98.86%	98.44%	100.02%	100.74%	101.26%	100.45%	101.03%
Effective Tax Rate	20.98%	24.02%	24.39%	24.43%	24.75%	24.77%	24.89%	-40.35%	37.92%	38.50%	39.02%
Return on Invested Capital (ROIC)	2.46%	6.35%	12.84%	15.06%	12.45%	12.38%	12.94%	16.79%	7.33%	13.22%	11.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.67%	2.64%	13.11%	25.30%	11.52%	10.91%	12.61%	17.72%	8.16%	14.13%	14.65%
Return on Net Nonoperating Assets (RNNOA)	-0.26%	1.02%	4.42%	5.38%	2.22%	1.67%	0.79%	1.82%	0.87%	0.76%	0.63%
Return on Equity (ROE)	2.19%	7.37%	17.26%	20.44%	14.66%	14.05%	13.73%	18.62%	8.20%	13.98%	12.28%
Cash Return on Invested Capital (CROIC)	4.84%	2.32%	-4.61%	-8.86%	13.82%	10.28%	4.51%	9.44%	-9.43%	3.29%	0.02%
Operating Return on Assets (OROA)	2.39%	5.62%	11.75%	14.67%	10.57%	10.67%	11.50%	7.97%	7.45%	13.06%	11.30%
Return on Assets (ROA)	1.08%	3.59%	8.62%	10.99%	7.86%	7.90%	8.64%	11.27%	4.68%	8.07%	6.96%
Return on Common Equity (ROCE)	2.14%	7.18%	16.81%	20.15%	14.66%	14.05%	13.73%	18.62%	8.20%	13.98%	12.28%
Return on Equity Simple (ROE_SIMPLE)	2.31%	7.35%	17.01%	19.70%	14.15%	15.03%	13.29%	17.12%	7.95%	13.22%	11.83%
Net Operating Profit after Tax (NOPAT)	52	134	244	234	171	170	168	202	78	123	98
NOPAT Margin	1.73%	4.08%	7.43%	8.54%	7.21%	6.89%	6.85%	9.54%	3.90%	5.89%	4.56%
Net Nonoperating Expense Percent (NNEP)	3.13%	3.71%	-0.27%	-10.24%	0.93%	1.47%	0.33%	-0.92%	-0.84%	-0.91%	-2.99%
Return On Investment Capital (ROIC_SIMPLE)	2.48%	6.16%	11.43%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	43.24%	70.16%	67.94%	41.72%	40.17%	42.80%	42.13%	41.59%	39.38%	40.34%	43.48%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	-0.31%	0.86%	0.64%	-0.05%	0.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.58%	24.46%	22.24%	46.97%	50.24%	48.05%	48.74%	51.62%	54.34%	50.09%	49.04%
Earnings before Interest and Taxes (EBIT)	74	176	335	349	227	225	224	143	126	200	160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	365	475	615	617	491	475	454	361	336	393	337
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.73	1.71	2.32	2.17	2.15	1.39	1.95	1.60	1.46	2.16
Price to Tangible Book Value (P/TBV)	1.77	2.01	2.01	2.57	2.17	2.15	1.39	1.95	1.60	1.46	2.16
Price to Revenue (P/Rev)	0.73	0.81	0.75	1.13	1.09	0.97	0.71	1.09	0.79	0.65	0.84
Price to Earnings (P/E)	64.60	23.53	10.25	11.90	15.34	14.28	10.45	11.40	20.13	11.04	18.28
Dividend Yield	1.57%	1.32%	1.30%	1.00%	0.96%	11.93%	1.38%	0.84%	1.09%	1.16%	0.80%
Earnings Yield	1.55%	4.25%	9.75%	8.40%	6.52%	7.00%	9.57%	8.77%	4.97%	9.05%	5.47%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.52	1.50	2.01	2.02	1.92	1.36	1.91	1.52	1.44	2.09
Enterprise Value to Revenue (EV/Rev)	0.94	1.00	0.94	1.28	1.17	1.08	0.75	1.12	0.87	0.67	0.87
Enterprise Value to EBITDA (EV/EBITDA)	7.84	6.88	5.04	5.66	5.64	5.59	4.07	6.57	5.23	3.58	5.51
Enterprise Value to EBIT (EV/EBIT)	38.51	18.62	9.25	10.00	12.17	11.79	8.26	16.55	13.95	7.04	11.59
Enterprise Value to NOPAT (EV/NOPAT)	54.69	24.40	12.68	14.95	16.16	15.67	10.98	11.76	22.44	11.43	19.01
Enterprise Value to Operating Cash Flow (EV/OCF)	8.67	6.89	6.91	10.49	6.20	6.23	4.42	8.40	5.67	3.81	8.98
Enterprise Value to Free Cash Flow (EV/FCFF)	27.72	66.85	0.00	0.00	14.55	18.86	31.47	20.91	0.00	45.89	8,971.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.41	0.47	0.31	0.17	0.27	0.10	0.06	0.18	0.08	0.09
Long-Term Debt to Equity	0.42	0.41	0.46	0.31	0.15	0.20	0.04	0.06	0.16	0.08	0.09
Financial Leverage	0.39	0.38	0.34	0.21	0.19	0.15	0.06	0.10	0.11	0.05	0.04
Leverage Ratio	2.03	2.05	2.00	1.86	1.86	1.78	1.59	1.65	1.75	1.73	1.76
Compound Leverage Factor	1.16	1.73	1.94	1.84	1.84	1.75	1.59	1.66	1.77	1.74	1.78
Debt to Total Capital	30.32%	29.28%	31.88%	23.87%	14.34%	21.26%	8.99%	5.95%	15.32%	7.42%	8.25%
Short-Term Debt to Total Capital	0.93%	0.11%	0.29%	0.28%	1.79%	5.32%	5.40%	0.00%	1.70%	0.00%	0.00%
Long-Term Debt to Total Capital	29.39%	29.17%	31.59%	23.59%	12.54%	15.95%	3.60%	5.95%	13.62%	7.42%	8.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.77%	1.74%	1.78%	2.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.91%	68.98%	66.34%	74.12%	85.66%	78.74%	91.01%	94.05%	84.68%	92.58%	91.75%
Debt to EBITDA	1.78	1.37	1.13	0.69	0.41	0.63	0.28	0.21	0.54	0.19	0.45
Net Debt to EBITDA	1.67	1.24	0.95	0.61	0.35	0.58	0.20	0.17	0.49	0.11	0.16
Long-Term Debt to EBITDA	1.73	1.36	1.12	0.68	0.36	0.47	0.11	0.21	0.48	0.19	0.22
Debt to NOPAT	12.44	4.84	2.84	1.83	1.17	1.77	0.74	0.37	2.30	0.61	0.77
Net Debt to NOPAT	11.66	4.38	2.40	1.60	1.00	1.61	0.54	0.30	2.08	0.35	0.54
Long-Term Debt to NOPAT	12.05	4.82	2.81	1.81	1.02	1.33	0.30	0.37	2.04	0.61	0.77
Altman Z-Score	2.89	3.20	3.36	4.05	4.10	3.81	3.86	4.75	3.50	4.05	4.54
Noncontrolling Interest Sharing Ratio	2.50%	2.54%	2.62%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.92	2.46	2.35	1.67	1.51	1.47	1.72	1.74	2.07	2.29
Quick Ratio	1.29	1.61	2.12	2.01	1.44	1.30	1.28	1.48	1.37	1.63	1.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	103	49	-88	-137	190	141	59	114	-101	31	0.21
Operating Cash Flow to CapEx	140.38%	116.07%	141.29%	172.40%	167.48%	150.29%	119.83%	142.24%	72.08%	105.38%	97.30%
Free Cash Flow to Firm to Interest Expense	2.63	1.46	-7.42	-31.08	45.08	20.55	21.79	50.61	-39.09	15.56	0.23
Operating Cash Flow to Interest Expense	8.41	14.15	37.94	75.25	105.79	62.25	155.16	126.09	120.16	187.64	234.47
Operating Cash Flow Less CapEx to Interest Expense	2.42	1.96	11.09	31.60	42.63	20.83	25.67	37.44	-46.54	9.58	-6.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	1.05	1.15	1.15	1.10	1.17	1.26	1.18	1.19	1.37	1.51
Accounts Receivable Turnover	6.82	6.44	6.37	6.44	6.41	6.66	7.07	6.97	7.38	7.54	8.08
Inventory Turnover	81.23	141.32	174.18	98.34	89.46	109.25	95.21	71.97	54.22	49.33	55.42
Fixed Asset Turnover	1.55	1.73	1.91	1.73	1.55	1.63	1.73	1.56	1.60	1.93	2.15
Accounts Payable Turnover	10.55	17.69	20.46	12.87	10.71	10.96	12.07	12.54	11.53	12.47	14.14
Days Sales Outstanding (DSO)	53.50	56.64	57.34	56.70	56.90	54.78	51.61	52.35	49.49	48.41	45.17
Days Inventory Outstanding (DIO)	4.49	2.58	2.10	3.71	4.08	3.34	3.83	5.07	6.73	7.40	6.59
Days Payable Outstanding (DPO)	34.60	20.63	17.84	28.35	34.07	33.30	30.24	29.11	31.66	29.28	25.80
Cash Conversion Cycle (CCC)	23.39	38.59	41.60	32.06	26.92	24.82	25.21	28.31	24.56	26.53	25.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,103	2,154	2,069	1,737	1,366	1,385	1,356	1,246	1,158	979	886
Invested Capital Turnover	1.42	1.56	1.73	1.76	1.73	1.80	1.89	1.76	1.88	2.25	2.55
Increase / (Decrease) in Invested Capital	-51	85	332	371	-19	29	110	88	179	93	97
Enterprise Value (EV)	2,859	3,270	3,099	3,492	2,765	2,657	1,848	2,374	1,756	1,410	1,856
Market Capitalization	2,211	2,645	2,474	3,082	2,594	2,384	1,757	2,313	1,593	1,366	1,804
Book Value per Share	$23.56	$24.11	$22.84	$19.85	$17.29	$16.05	$17.76	$16.38	$13.80	$13.01	$11.60
Tangible Book Value per Share	$20.23	$20.71	$19.45	$17.91	$17.29	$16.05	$17.76	$16.38	$13.80	$13.01	$11.60
Total Capital	2,144	2,216	2,176	1,791	1,395	1,411	1,390	1,260	1,175	1,011	909
Total Debt	650	649	694	428	200	300	125	75	180	75	75
Total Long-Term Debt	630	646	688	423	175	225	50	75	160	75	75
Net Debt	609	587	587	373	171	274	91	61	163	43	52
Capital Expenditures (CapEx)	235	409	318	193	266	284	349	199	430	351	212
Debt-free, Cash-free Net Working Capital (DFCFNWC)	165	245	352	313	179	206	187	154	161	164	217
Debt-free Net Working Capital (DFNWC)	206	307	459	368	208	232	221	168	178	196	240
Net Working Capital (NWC)	186	304	453	363	183	157	146	168	158	196	240
Net Nonoperating Expense (NNE)	19	22	-1.29	-28	2.06	2.68	0.25	-1.03	-0.86	-0.43	-1.03
Net Nonoperating Obligations (NNO)	609	587	587	373	171	274	91	61	163	43	52
Total Depreciation and Amortization (D&A)	290	300	280	268	263	250	230	218	210	193	177
Debt-free, Cash-free Net Working Capital to Revenue	5.45%	7.46%	10.70%	11.46%	7.53%	8.36%	7.62%	7.30%	8.03%	7.83%	10.15%
Debt-free Net Working Capital to Revenue	6.80%	9.34%	13.96%	13.44%	8.76%	9.44%	9.00%	7.94%	8.87%	9.35%	11.21%
Net Working Capital to Revenue	6.14%	9.26%	13.77%	13.26%	7.71%	6.39%	5.95%	7.94%	7.88%	9.35%	11.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$1.77	$3.76	$3.84	$2.45	$2.40	$2.35	$2.81	$1.10	$1.72	$1.37
Adjusted Weighted Average Basic Shares Outstanding	62.45M	63.37M	64.13M	67.43M	69.02M	69.57M	71.69M	72.27M	72.06M	71.96M	72.12M
Adjusted Diluted Earnings per Share	$0.55	$1.76	$3.74	$3.82	$2.44	$2.38	$2.33	$2.80	$1.09	$1.71	$1.36
Adjusted Weighted Average Diluted Shares Outstanding	62.66M	63.72M	64.58M	67.86M	69.43M	70.03M	72.06M	72.56M	72.39M	72.56M	72.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	61.87M	63.47M	63.25M	65.80M	68.01M	69.35M	70.49M	72.45M	72.19M	72.04M	72.09M
Normalized Net Operating Profit after Tax (NOPAT)	52	134	244	234	171	170	168	101	78	123	98
Normalized NOPAT Margin	1.73%	4.08%	7.43%	8.54%	7.21%	6.89%	6.85%	4.76%	3.90%	5.89%	4.56%
Pre Tax Income Margin	1.40%	4.50%	9.87%	12.65%	9.47%	9.01%	9.11%	6.83%	6.34%	9.61%	7.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.89	5.24	28.31	78.96	53.92	32.89	83.06	63.97	48.85	101.45	181.74
NOPAT to Interest Expense	1.33	4.00	20.65	52.82	40.60	24.75	62.49	89.99	30.37	62.45	110.81
EBIT Less CapEx to Interest Expense	-4.10	-6.95	1.46	35.31	-9.24	-8.53	-46.43	-24.68	-117.86	-76.61	-59.22
NOPAT Less CapEx to Interest Expense	-4.66	-8.19	-6.20	9.17	-22.56	-16.67	-67.00	1.34	-136.34	-115.60	-130.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	104.46%	30.46%	13.74%	11.14%	14.72%	171.43%	13.69%	9.26%	21.85%	12.22%	14.64%
Augmented Payout Ratio	304.24%	30.46%	58.69%	51.08%	48.15%	196.77%	56.60%	9.26%	21.85%	17.42%	45.64%

This table displays calculated financial ratios and metrics derived from Werner Enterprises' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.18%	-8.81%	-6.20%	-7.64%	-4.59%	-1.19%	-3.01%	8.91%	12.58%	17.74%
EBITDA Growth	-17.61%	-20.54%	-24.44%	-29.53%	-38.46%	-23.54%	-14.78%	-9.35%	-3.06%	4.87%
EBIT Growth	-42.94%	-53.32%	-58.51%	-70.57%	-65.95%	-50.74%	-36.91%	-27.51%	-7.06%	7.05%
NOPAT Growth	-57.57%	-53.83%	-57.90%	-74.13%	-56.18%	-49.45%	-37.60%	-36.27%	-12.20%	7.35%
Net Income Growth	-50.15%	-72.17%	-69.35%	-82.42%	-61.92%	-57.97%	-59.22%	-35.43%	-21.65%	-14.08%
EPS Growth	-48.65%	-70.27%	-68.09%	-81.82%	-60.64%	-56.98%	-58.04%	-32.93%	-17.54%	-8.51%
Operating Cash Flow Growth	-39.98%	-17.76%	-5.11%	-46.91%	2.03%	13.87%	2.11%	7.67%	45.95%	2.05%
Free Cash Flow Firm Growth	213.01%	130.32%	116.03%	96.57%	78.92%	-76.31%	-3.03%	-18.86%	10.09%	39.91%
Invested Capital Growth	-2.36%	-3.47%	-1.72%	1.09%	4.11%	17.35%	20.12%	23.36%	19.12%	13.69%
Revenue Q/Q Growth	1.20%	-1.98%	-1.08%	-6.43%	0.51%	0.82%	-2.60%	-3.34%	4.09%	-1.04%
EBITDA Q/Q Growth	4.66%	-3.39%	2.53%	-20.53%	0.94%	-8.13%	-4.39%	-30.60%	25.42%	2.39%
EBIT Q/Q Growth	21.99%	-10.40%	24.63%	-58.11%	-0.19%	-20.36%	-11.59%	-51.54%	44.38%	2.01%
NOPAT Q/Q Growth	-8.07%	-9.44%	42.25%	-64.17%	0.03%	-17.43%	-12.60%	-39.29%	15.39%	1.93%
Net Income Q/Q Growth	77.09%	-28.91%	47.25%	-73.11%	-1.16%	-21.71%	-15.52%	-41.76%	9.09%	-24.02%
EPS Q/Q Growth	72.73%	-26.67%	50.00%	-72.97%	0.00%	-21.28%	-14.55%	-41.49%	9.30%	-23.21%
Operating Cash Flow Q/Q Growth	16.37%	-44.03%	23.13%	-25.15%	59.44%	-35.42%	-31.11%	43.84%	77.94%	-42.09%
Free Cash Flow Firm Q/Q Growth	-29.53%	74.12%	527.67%	78.46%	81.09%	7.92%	8.64%	-32.52%	-58.15%	46.19%
Invested Capital Q/Q Growth	-0.90%	1.39%	-0.03%	-2.80%	-2.02%	3.23%	2.83%	0.11%	10.44%	5.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.62%	56.66%	56.39%	55.40%	-51.05%	56.17%	57.57%	56.80%	-33.42%	54.52%
EBITDA Margin	12.36%	11.95%	12.13%	11.70%	13.77%	13.72%	15.05%	15.33%	21.36%	17.73%
Operating Margin	1.77%	2.36%	2.58%	2.03%	4.61%	4.63%	5.82%	6.41%	10.26%	9.21%
EBIT Margin	2.84%	2.35%	2.57%	2.04%	4.56%	4.60%	5.82%	6.41%	12.79%	9.22%
Profit (Net Income) Margin	1.53%	0.88%	1.21%	0.81%	2.83%	2.87%	3.70%	4.27%	7.08%	6.76%
Tax Burden Percent	92.72%	76.54%	75.84%	67.07%	76.92%	76.97%	74.85%	75.71%	75.33%	75.66%
Interest Burden Percent	58.37%	48.70%	61.95%	59.29%	80.52%	81.26%	84.99%	87.93%	73.52%	96.87%
Effective Tax Rate	7.28%	23.46%	24.16%	32.93%	23.08%	23.03%	25.15%	24.29%	24.67%	24.34%
Return on Invested Capital (ROIC)	2.34%	2.59%	2.93%	2.10%	5.52%	5.82%	7.44%	8.69%	13.36%	12.65%
ROIC Less NNEP Spread (ROIC-NNEP)	2.20%	1.51%	1.98%	1.34%	4.51%	4.79%	6.36%	7.56%	12.20%	12.18%
Return on Net Nonoperating Assets (RNNOA)	0.86%	0.64%	0.78%	0.48%	1.73%	1.76%	2.14%	2.26%	4.12%	3.31%
Return on Equity (ROE)	3.20%	3.23%	3.72%	2.58%	7.26%	7.58%	9.58%	10.95%	17.48%	15.96%
Cash Return on Invested Capital (CROIC)	4.84%	6.69%	5.72%	3.93%	2.32%	-7.55%	-8.03%	-9.11%	-4.61%	1.59%
Operating Return on Assets (OROA)	2.77%	2.31%	2.63%	2.12%	4.79%	5.05%	6.51%	7.47%	14.76%	11.03%
Return on Assets (ROA)	1.50%	0.86%	1.24%	0.84%	2.97%	3.16%	4.14%	4.97%	8.17%	8.09%
Return on Common Equity (ROCE)	3.12%	3.14%	3.62%	2.52%	7.07%	7.39%	9.33%	10.66%	17.02%	15.52%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.12%	4.27%	5.47%	0.00%	9.92%	12.19%	15.37%	0.00%	18.93%
Net Operating Profit after Tax (NOPAT)	12	13	15	10	29	29	35	40	67	58
NOPAT Margin	1.64%	1.81%	1.95%	1.36%	3.55%	3.57%	4.36%	4.85%	7.73%	6.97%
Net Nonoperating Expense Percent (NNEP)	0.13%	1.08%	0.95%	0.77%	1.01%	1.03%	1.08%	1.13%	1.16%	0.47%
Return On Investment Capital (ROIC_SIMPLE)	0.59%	-	-	-	1.34%	-	-	-	3.12%	-
Cost of Revenue to Revenue	41.38%	43.34%	43.61%	44.60%	151.05%	43.83%	42.43%	43.20%	133.42%	45.48%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.85%	54.30%	53.82%	53.37%	-55.67%	51.53%	51.76%	50.39%	-43.68%	45.30%
Earnings before Interest and Taxes (EBIT)	21	18	20	16	38	38	47	53	110	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	89	92	90	113	112	122	128	184	147
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.64	1.56	1.62	1.73	1.61	1.84	1.92	1.71	1.68
Price to Tangible Book Value (P/TBV)	1.77	1.92	1.82	1.89	2.01	1.88	2.16	2.26	2.01	1.85
Price to Revenue (P/Rev)	0.73	0.77	0.71	0.76	0.81	0.73	0.83	0.84	0.75	0.73
Price to Earnings (P/E)	64.60	51.75	35.89	29.48	23.53	16.33	15.30	12.66	10.25	9.03
Dividend Yield	1.57%	1.46%	1.57%	1.42%	1.32%	1.41%	1.22%	1.14%	1.30%	1.36%
Earnings Yield	1.55%	1.93%	2.79%	3.39%	4.25%	6.12%	6.53%	7.90%	9.75%	11.07%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.44	1.39	1.45	1.52	1.42	1.59	1.65	1.50	1.50
Enterprise Value to Revenue (EV/Rev)	0.94	0.98	0.92	0.94	1.00	0.94	1.02	1.02	0.94	0.88
Enterprise Value to EBITDA (EV/EBITDA)	7.84	7.93	7.12	6.94	6.88	5.71	5.84	5.68	5.04	4.54
Enterprise Value to EBIT (EV/EBIT)	38.51	33.75	26.28	22.01	18.62	12.56	11.82	10.87	9.25	8.20
Enterprise Value to NOPAT (EV/NOPAT)	54.69	44.74	34.53	29.07	24.40	18.19	16.96	15.45	12.68	11.11
Enterprise Value to Operating Cash Flow (EV/OCF)	8.67	8.09	7.43	7.67	6.89	6.61	7.33	7.42	6.91	6.83
Enterprise Value to Free Cash Flow (EV/FCFF)	27.72	21.12	24.04	37.06	66.85	0.00	0.00	0.00	0.00	100.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.46	0.45	0.38	0.41	0.44	0.42	0.46	0.47	0.40
Long-Term Debt to Equity	0.42	0.46	0.44	0.38	0.41	0.44	0.41	0.45	0.46	0.40
Financial Leverage	0.39	0.42	0.39	0.36	0.38	0.37	0.34	0.30	0.34	0.27
Leverage Ratio	2.03	2.08	2.05	2.02	2.05	2.03	2.04	2.00	2.00	1.93
Compound Leverage Factor	1.18	1.01	1.27	1.20	1.65	1.65	1.73	1.76	1.47	1.87
Debt to Total Capital	30.32%	31.70%	30.97%	27.74%	29.28%	30.79%	29.41%	31.41%	31.88%	28.70%
Short-Term Debt to Total Capital	0.93%	0.00%	0.46%	0.06%	0.11%	0.17%	0.17%	0.23%	0.29%	0.25%
Long-Term Debt to Total Capital	29.39%	31.70%	30.51%	27.68%	29.17%	30.62%	29.24%	31.18%	31.59%	28.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.77%	1.76%	1.77%	1.79%	1.74%	1.74%	1.80%	1.77%	1.78%	1.93%
Common Equity to Total Capital	67.91%	66.54%	67.26%	70.47%	68.98%	67.47%	68.79%	66.82%	66.34%	69.36%
Debt to EBITDA	1.78	1.79	1.64	1.37	1.37	1.26	1.10	1.15	1.13	0.92
Net Debt to EBITDA	1.67	1.65	1.47	1.23	1.24	1.19	1.02	0.93	0.95	0.72
Long-Term Debt to EBITDA	1.73	1.79	1.62	1.36	1.36	1.26	1.10	1.14	1.12	0.92
Debt to NOPAT	12.44	10.12	7.98	5.72	4.84	4.02	3.20	3.12	2.84	2.26
Net Debt to NOPAT	11.66	9.32	7.14	5.14	4.38	3.78	2.97	2.54	2.40	1.77
Long-Term Debt to NOPAT	12.05	10.12	7.86	5.71	4.82	4.00	3.18	3.10	2.81	2.24
Altman Z-Score	2.84	2.83	2.87	3.03	3.06	2.94	3.16	3.20	3.12	3.25
Noncontrolling Interest Sharing Ratio	2.50%	2.54%	2.56%	2.53%	2.54%	2.61%	2.66%	2.64%	2.62%	2.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.53	1.69	1.90	1.92	1.96	1.93	2.34	2.46	2.41
Quick Ratio	1.29	1.30	1.48	1.60	1.61	1.57	1.64	2.04	2.12	2.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	63	90	52	-12	-56	-296	-321	-352	-265	-168
Operating Cash Flow to CapEx	246.80%	69.44%	109.99%	465.38%	342.67%	61.87%	75.90%	162.39%	182.65%	64.77%
Free Cash Flow to Firm to Interest Expense	5.68	8.09	5.70	-1.52	-6.34	-34.17	-39.49	-44.44	-45.58	-60.42
Operating Cash Flow to Interest Expense	6.38	5.50	12.06	11.15	13.42	8.57	14.12	21.08	19.92	23.47
Operating Cash Flow Less CapEx to Interest Expense	3.80	-2.42	1.10	8.75	9.50	-5.28	-4.49	8.10	9.01	-12.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.98	1.02	1.04	1.05	1.10	1.12	1.16	1.15	1.20
Accounts Receivable Turnover	6.82	7.00	6.97	6.90	6.44	6.69	5.96	6.95	6.37	6.58
Inventory Turnover	81.23	82.79	85.94	87.28	141.32	95.30	101.58	110.04	174.18	113.95
Fixed Asset Turnover	1.55	1.55	1.62	1.70	1.73	1.79	1.84	1.94	1.91	1.92
Accounts Payable Turnover	10.55	9.22	10.60	10.56	17.69	11.71	11.81	12.26	20.46	13.48
Days Sales Outstanding (DSO)	53.50	52.17	52.34	52.88	56.64	54.58	61.23	52.49	57.34	55.46
Days Inventory Outstanding (DIO)	4.49	4.41	4.25	4.18	2.58	3.83	3.59	3.32	2.10	3.20
Days Payable Outstanding (DPO)	34.60	39.57	34.42	34.55	20.63	31.16	30.90	29.77	17.84	27.08
Cash Conversion Cycle (CCC)	23.39	17.01	22.16	22.51	38.59	27.25	33.92	26.04	41.60	31.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,103	2,122	2,093	2,094	2,154	2,198	2,130	2,071	2,069	1,873
Invested Capital Turnover	1.42	1.43	1.50	1.55	1.56	1.63	1.71	1.79	1.73	1.81
Increase / (Decrease) in Invested Capital	-51	-76	-37	23	85	325	357	392	332	226
Enterprise Value (EV)	2,859	3,050	2,901	3,037	3,270	3,119	3,392	3,419	3,099	2,815
Market Capitalization	2,211	2,376	2,263	2,461	2,645	2,433	2,759	2,819	2,474	2,329
Book Value per Share	$23.56	$23.44	$22.95	$23.92	$24.11	$23.86	$23.62	$23.25	$22.84	$21.86
Tangible Book Value per Share	$20.23	$20.07	$19.63	$20.56	$20.71	$20.42	$20.14	$19.72	$19.45	$19.88
Total Capital	2,144	2,177	2,164	2,154	2,216	2,241	2,176	2,201	2,176	1,999
Total Debt	650	690	670	598	649	690	640	691	694	574
Total Long-Term Debt	630	690	660	596	646	686	636	686	688	569
Net Debt	609	635	600	537	587	647	593	562	587	448
Capital Expenditures (CapEx)	29	88	99	19	35	120	151	103	64	101
Debt-free, Cash-free Net Working Capital (DFCFNWC)	165	135	175	224	245	276	251	282	352	307
Debt-free Net Working Capital (DFNWC)	206	189	245	285	307	319	298	411	459	433
Net Working Capital (NWC)	186	189	235	283	304	315	294	406	453	428
Net Nonoperating Expense (NNE)	0.80	6.93	5.67	4.21	5.95	5.67	5.31	4.88	5.57	1.78
Net Nonoperating Obligations (NNO)	609	635	600	537	587	647	593	562	587	448
Total Depreciation and Amortization (D&A)	72	72	73	74	76	75	75	74	74	70
Debt-free, Cash-free Net Working Capital to Revenue	5.45%	4.35%	5.51%	6.96%	7.46%	8.31%	7.54%	8.39%	10.70%	9.62%
Debt-free Net Working Capital to Revenue	6.80%	6.11%	7.74%	8.84%	9.34%	9.60%	8.94%	12.25%	13.96%	13.55%
Net Working Capital to Revenue	6.14%	6.11%	7.42%	8.80%	9.26%	9.48%	8.83%	12.10%	13.77%	13.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.19	$0.11	$0.15	$0.10	$0.37	$0.37	$0.47	$0.56	$0.95	$0.87
Adjusted Weighted Average Basic Shares Outstanding	62.45M	61.81M	62.71M	63.47M	63.37M	63.39M	63.38M	63.31M	64.13M	63.39M
Adjusted Diluted Earnings per Share	$0.19	$0.11	$0.15	$0.10	$0.37	$0.37	$0.47	$0.55	$0.94	$0.86
Adjusted Weighted Average Diluted Shares Outstanding	62.66M	62.02M	62.86M	63.73M	63.72M	63.74M	63.69M	63.70M	64.58M	63.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	61.87M	61.81M	61.81M	63.41M	63.47M	63.39M	63.39M	63.38M	63.25M	63.20M
Normalized Net Operating Profit after Tax (NOPAT)	12	13	15	10	29	29	35	40	67	58
Normalized NOPAT Margin	1.64%	1.81%	1.95%	1.36%	3.55%	3.57%	4.36%	4.85%	7.73%	6.97%
Pre Tax Income Margin	1.66%	1.15%	1.59%	1.21%	3.67%	3.73%	4.94%	5.64%	9.40%	8.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.92	1.58	2.17	1.98	4.25	4.34	5.80	6.74	18.91	27.47
NOPAT to Interest Expense	1.11	1.21	1.64	1.32	3.31	3.37	4.34	5.11	11.43	20.77
EBIT Less CapEx to Interest Expense	-0.66	-6.34	-8.80	-0.42	0.34	-9.51	-12.81	-6.24	8.01	-8.77
NOPAT Less CapEx to Interest Expense	-1.47	-6.71	-9.32	-1.08	-0.61	-10.48	-14.27	-7.87	0.53	-15.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	104.46%	78.04%	57.10%	42.01%	30.46%	23.40%	18.90%	15.07%	13.74%	12.20%
Augmented Payout Ratio	304.24%	226.39%	164.99%	49.90%	30.46%	23.40%	23.44%	47.89%	58.69%	73.77%

Frequently Asked Questions About Werner Enterprises' Financials

When does Werner Enterprises's financial year end?

According to the most recent income statement we have on file, Werner Enterprises' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Werner Enterprises' net income changed over the last 10 years?

In the past 10 years, Werner Enterprises' net income has ranged from $33.57 million in 2024 to $261.48 million in 2021, and is currently $33.57 million as of their latest financial filing in 2024. Check out Werner Enterprises' forecast to explore projected trends and price targets.

What is Werner Enterprises's operating income?

Werner Enterprises's total operating income in 2024 was $66.15 million, based on the following breakdown:

Total Gross Profit: $1.72 billion
Total Operating Expenses: $1.65 billion

How has Werner Enterprises revenue changed over the last 10 years?

Over the last 10 years, Werner Enterprises' total revenue changed from $2.14 billion in 2014 to $3.03 billion in 2024, a change of 41.6%.

How much debt does Werner Enterprises have?

Werner Enterprises' total liabilities were at $1.56 billion at the end of 2024, a 2.1% decrease from 2023, and a 141.0% increase since 2014.

How much cash does Werner Enterprises have?

In the past 10 years, Werner Enterprises' cash and equivalents has ranged from $13.63 million in 2017 to $107.24 million in 2022, and is currently $40.75 million as of their latest financial filing in 2024.

How has Werner Enterprises' book value per share changed over the last 10 years?

Over the last 10 years, Werner Enterprises' book value per share changed from 11.60 in 2014 to 23.56 in 2024, a change of 103.0%.

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This page (NASDAQ:WERN) was last updated on 6/1/2025 by MarketBeat.com Staff

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Werner Enterprises (WERN) Financials

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Werner Enterprises (WERN) Financials

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