Werner Entprise Financials
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).
Persistent asset-base reinvestment needs and margin compression kept operating cash positive but free cash flow negative.
From FY2022 to FY2025, operating margin compression from9.8% to0.4% far outpaced the revenue slip from$3.29B to$2.97B , which suggests the earnings squeeze came more from weaker cost absorption and financing drag than from sales volume alone. That is why FY2025 still produced$181.8M of operating cash flow and$298.1M of EBITDA, yet finished with a net loss and-$68.5M of free cash flow after interest and capex.
Across FY2021-FY2025, free cash flow stayed negative even with positive operating cash flow each year, so this is not a business where accounting results cleanly become surplus cash. In FY2025, capex of
The near-term liquidity picture is steadier than the income statement implies, but balance-sheet leverage has become more burdensome: long-term debt reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Werner Entprise's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Werner Entprise has an operating margin of 0.4%, meaning the company retains $0 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 2.2% the prior year.
Werner Entprise's revenue declined 1.8% year-over-year, from $3.0B to $3.0B. This contraction results in a growth score of 18/100.
Werner Entprise has elevated debt relative to equity (D/E of 0.55), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
Werner Entprise's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
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 23/100, reflecting heavy capital investment rather than weak cash generation.
Werner Entprise's ROE of -1.1% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 2.4% the prior year.
Werner Entprise scores 3.13, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Werner Entprise passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
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.
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
Earnings & Revenue
Werner Entprise generated $3.0B in revenue in fiscal year 2025. This represents a decrease of 1.8% from the prior year.
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.
Werner Entprise reported -$14.4M in net income in fiscal year 2025. This represents a decrease of 142.1% from the prior year.
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
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.
Werner Entprise held $59.9M in cash against $752.0M in long-term debt as of fiscal year 2025.
Werner Entprise paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Werner Entprise had 60M shares outstanding in fiscal year 2025. This represents a decrease of 3.2% from the prior year.
Margins & Returns
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.
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.
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
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.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $808.6M+9.6% | $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 |
| 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 | $279.7M+17.3% | $238.4M-11.3% | $268.7M+7.3% | $250.5M+3.0% | $243.2M-3.2% | $251.4M-2.7% | $258.3M-0.5% | $259.8M |
| Operating Income | $4.0M+111.2% | -$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 |
| Interest Expense | $11.7M+13.9% | $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 |
| Income Tax | -$1.5M+84.0% | -$9.3M-1027.7% | -$822K-105.3% | $15.5M+588.4% | -$3.2M-448.0% | $910K-54.6% | $2.0M-31.6% | $2.9M |
| Net Income | -$4.3M+84.7% | -$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 |
| EPS (Diluted) | $-0.07 | N/A | $-0.34-147.2% | $0.72+550.0% | $-0.16 | N/A | $0.11-26.7% | $0.15 |
WERN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+12.7% | $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 |
| Current Assets | $702.9M+14.7% | $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 |
| Cash & Equivalents | $61.5M+2.7% | $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 |
| Inventory | $14.4M+19.0% | $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 |
| Accounts Receivable | $485.5M+22.9% | $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 |
| Goodwill | $138.6M+7.3% | $129.1M0.0% | $129.1M0.0% | $129.1M0.0% | $129.1M0.0% | $129.1M0.0% | $129.1M0.0% | $129.1M |
| Total Liabilities | $1.9B+25.2% | $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 |
| Current Liabilities | $481.9M+53.1% | $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 |
| Long-Term Debt | $869.6M+15.6% | $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 |
| Total Equity | $1.4B-0.7% | $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 |
| Retained Earnings | $1.9B-0.7% | $1.9B-1.9% | $1.9B-1.5% | $2.0B+1.8% | $1.9B-1.0% | $2.0B+0.2% | $1.9B-0.1% | $2.0B |
WERN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $83.5M+34.0% | $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 |
| Capital Expenditures | $52.8M-38.5% | $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 |
| Free Cash Flow | $30.7M+230.4% | -$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 |
| Investing Cash Flow | -$194.0M-170.2% | -$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 |
| Financing Cash Flow | $112.1M+514.7% | $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 |
| Dividends Paid | $8.4M+0.1% | $8.4M0.0% | $8.4M-3.4% | $8.7M+0.1% | $8.7M+0.1% | $8.7M0.0% | $8.7M-2.5% | $8.9M |
| Share Buybacks | N/A | -$9K | $0-100.0% | $55.6M | $0+100.0% | -$17K | $0-100.0% | $60.5M |
WERN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 0.5%+5.3pp | -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% |
| Net Margin | -0.5%+3.2pp | -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% |
| Return on Equity | -0.3%+1.7pp | -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% |
| Return on Assets | -0.1%+0.8pp | -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% |
| Current Ratio | 1.46-0.5 | 1.95+0.3 | 1.62-0.1 | 1.670.0 | 1.66+0.1 | 1.520.0 | 1.53-0.2 | 1.69 |
| Debt-to-Equity | 0.64+0.1 | 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 |
| FCF Margin | 3.8%+7.0pp | -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% |
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Frequently Asked Questions
What is Werner Entprise's annual revenue?
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.
How fast is Werner Entprise's revenue growing?
Werner Entprise (WERN) revenue declined by 1.8% year-over-year, from $3.0B to $3.0B in fiscal year 2025.
Is Werner Entprise profitable?
No, Werner Entprise (WERN) reported a net income of -$14.4M in fiscal year 2025, with a net profit margin of -0.5%.
What is Werner Entprise's EBITDA?
Werner Entprise (WERN) had EBITDA of $298.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Werner Entprise have?
As of fiscal year 2025, Werner Entprise (WERN) had $59.9M in cash and equivalents against $752.0M in long-term debt.
What is Werner Entprise's operating margin?
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.
What is Werner Entprise's net profit margin?
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.
Does Werner Entprise pay dividends?
Yes, Werner Entprise (WERN) paid $0.56 per share in dividends during fiscal year 2025.
What is Werner Entprise's return on equity (ROE)?
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.
What is Werner Entprise's free cash flow?
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.
What is Werner Entprise's operating cash flow?
Werner Entprise (WERN) generated $181.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Werner Entprise's total assets?
Werner Entprise (WERN) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Werner Entprise's capital expenditures?
Werner Entprise (WERN) invested $250.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Werner Entprise's current ratio?
Werner Entprise (WERN) had a current ratio of 1.95 as of fiscal year 2025, which is generally considered healthy.
What is Werner Entprise's debt-to-equity ratio?
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.
What is Werner Entprise's return on assets (ROA)?
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.
What is Werner Entprise's Altman Z-Score?
Werner Entprise (WERN) has an Altman Z-Score of 3.13, placing it in the Safe Zone (low bankruptcy 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.
What is Werner Entprise's Piotroski F-Score?
Werner Entprise (WERN) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Werner Entprise's earnings high quality?
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.
Can Werner Entprise cover its interest payments?
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.
How financially healthy is Werner Entprise?
Werner Entprise (WERN) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.