Werner Enterprises (WERN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Werner Enterprises

NasdaqGS•Industrials•Trucking

$35.84-1.72(-0.05%)Pre-market

Market Cap

$2.15B

P/S

0.7x

P/B

1.6x

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.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Balance Sheet & Red Flags (12/25); weakest: Profitability (9/25).

Profitability9/25

Growth11/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality10/25

Strengths

Improving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 62.1x5y range 9.2x – 101.7x

Currently above its 17-quarter median.

P/S · 0.7x5y range 0.5x – 1.2x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.1x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 135.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.15B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.25B
Q. Revenue: $933.93M
TTM EBITDA: $272.61M
TTM Op. Income: $-27.92M
Q. Op. Income: $16.92M
TTM Net Income: $-46.27M
Q. Net Income: $6.35M
EPS: $0.11
Shares Out.: $59.97M

$3.25B in TTM revenue grew 9.6% YoY, reaching $933.93M last quarter. TTM EBITDA of $272.61M and TTM operating income of $-27.92M show growth is flowing through to the bottom line. However, net income is negative at $46.27M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 10.3%
Op. Margin: 1.8%
Net Margin: 0.7%

Op. margin of 1.8% is down 7.0% YoY — costs are rising relative to revenue. Net margin at 0.7% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.7x
P/B Ratio: 1.6x

P/S of 0.7x and P/B of 1.6x. P/S is low relative to typical market levels. Over the past year, P/E is up 20% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.16B
Cash: $57.02M
Long-Term Debt: $793.00M
Book Value: $1.36B
D/E Ratio: 0.6
Debt/EBITDA: 8.3

With $3.16B in assets and $793.00M in long-term debt, D/E is 0.6and book value is $1.36B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 15% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $83.81M
TTM Free Cash Flow: $53.37M
FCF Margin: 1.6%
FCF / Net Income: -1.2

TTM FCF of $53.37M on $83.81M in operating cash flow. The FCF / Net Income ratio of -1.2x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.