Werner Enterprises, Inc. (WERN) Income Statement
WERN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWERN revenue and net income
Where WERN's revenue goes
2025Each bar shows an amount and its share of revenue. WERN kept −0.5% of revenue as net income.
WERN profit margins
WERN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.8% | −3.3% | +4.6% | +3.6% |
| Gross profit | −49.1% | −30.9% | −17.9% | −7.7% |
| Operating income | +5.5% | −40.0% | −21.1% | −10.0% |
| Net income | −142.1% | — | — | — |
| EPS (diluted) | −98.1% | −86.1% | −67.1% | −40.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WERN quarterly EPS vs estimates
Werner Enterprises beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.37).
WERN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $3.03B | $3.28B | $3.29B | $2.73B | $2.37B | $2.46B | $2.46B | $2.12B | $2.01B |
| Cost of revenue | $2.80B | $2.69B | $2.86B | $2.77B | $2.26B | $1.91B | $2.04B | $2.04B | $1.77B | $1.68B |
| Gross profit | $172.4M | $338.6M | $423.7M | $521.6M | $477.9M | $460.9M | $427.4M | $418.1M | $344.9M | $324.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $131.9M | $162.6M | $175.5M | $163.2M | $112.1M | $124.3M | $104.2M | $114.2M | $96.0M | $100.0M |
| Total operating expenses | $102.7M | $272.5M | $247.2M | $198.5M | $168.8M | $233.5M | $201.9M | $193.8M | $201.1M | $198.3M |
| Operating income | $69.8M | $66.1M | $176.4M | $323.1M | $309.1M | $227.4M | $225.5M | $224.2M | $143.8M | $126.1M |
| Interest income | $5.6M | $6.9M | $5.9M | $1.7M | $1.2M | $1.6M | $3.3M | $2.7M | $3.3M | $4.2M |
| Interest expense | $39.1M | $39.2M | $33.5M | $11.8M | $4.4M | $4.2M | $6.9M | $2.7M | $2.2M | $2.6M |
| Income before taxes | −$20.8M | $42.5M | $147.8M | $324.8M | $346.0M | $224.7M | $221.9M | $223.9M | $144.6M | $127.5M |
| Income taxes | $2.2M | $8.9M | $35.5M | $79.2M | $84.5M | $55.6M | $55.0M | $55.7M | −$58.3M | $48.3M |
| Net income | −$14.4M | $34.2M | $112.4M | $241.3M | $259.1M | $169.1M | $166.9M | $168.1M | $202.9M | $79.1M |
| EBITDA | $304.6M | $372.1M | $480.8M | $616.5M | $618.1M | $492.2M | $478.3M | $429.5M | $354.7M | $339.8M |
| EPS (diluted) | $0.01 | $0.54 | $1.93 | $3.72 | $3.46 | $2.60 | $2.39 | $2.40 | $1.27 | $1.09 |
| Gross margin | 5.8% | 11.2% | 12.9% | 15.9% | 17.5% | 19.4% | 17.3% | 17.0% | 16.3% | 16.1% |
| Operating margin | 2.3% | 2.2% | 5.4% | 9.8% | 11.3% | 9.6% | 9.2% | 9.1% | 6.8% | 6.3% |
| Net margin | −0.5% | 1.1% | 3.4% | 7.3% | 9.5% | 7.1% | 6.8% | 6.8% | 9.6% | 3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $933.9M | $808.6M | $737.6M | $771.5M | $753.1M | $712.1M | $754.7M | $745.7M | $760.8M | $769.1M | $821.9M | $817.7M |
| Cost of revenue | $877.7M | $769.1M | $657.7M | $713.6M | $672.1M | $642.5M | $663.8M | $695.7M | $708.7M | $719.4M | $752.5M | $717.7M |
| Gross profit | $56.3M | $39.5M | $79.9M | $57.9M | $81.0M | $69.6M | $90.9M | $50.0M | $52.1M | $49.7M | $69.4M | $100.0M |
| Sales, general & admin | $4.9M | $46.5M | $44.8M | $42.0M | $3.7M | $48.1M | $53.6M | $31.9M | $36.0M | $41.1M | $118.5M | $35.8M |
| Total operating expenses | $39.3M | $35.5M | $71.5M | $70.9M | $14.7M | $75.4M | $77.5M | $32.4M | $32.5M | $34.1M | $31.5M | $62.1M |
| Operating income | $16.9M | $4.0M | $8.4M | −$13.0M | $66.3M | −$5.8M | $13.4M | $17.6M | $19.6M | $15.6M | $37.9M | $37.9M |
| Interest income | $1.6M | $1.5M | $1.3M | $1.4M | $1.5M | $1.5M | $1.6M | $1.8M | $1.8M | $1.7M | $1.5M | $1.7M |
| Interest expense | $11.7M | $11.7M | $10.2M | $9.9M | $9.4M | $9.5M | $11.1M | $11.1M | $9.0M | $7.9M | $8.8M | $8.7M |
| Income before taxes | $7.3M | −$5.9M | −$44.6M | −$21.9M | $59.1M | −$13.4M | $12.5M | $8.5M | $12.1M | $9.3M | $30.2M | $30.5M |
| Income taxes | $2.0M | −$1.5M | −$9.3M | −$822,000 | $15.5M | −$3.2M | $910,000 | $2.0M | $2.9M | $3.1M | $7.0M | $7.0M |
| Net income | $6.3M | −$4.3M | −$27.8M | −$20.6M | $44.1M | −$10.1M | $11.9M | $6.6M | $9.5M | $6.3M | $23.6M | $23.7M |
| EBITDA | $97.8M | $90.6M | $39.0M | $60.2M | $139.2M | $66.2M | $95.5M | $91.2M | $90.7M | $86.8M | $108.3M | $113.8M |
| EPS (diluted) | $0.22 | $0.02 | $0.05 | −$0.03 | $0.11 | −$0.12 | $0.08 | $0.15 | $0.17 | $0.14 | $0.39 | $0.42 |
| Gross margin | 6.0% | 4.9% | 10.8% | 7.5% | 10.8% | 9.8% | 12.0% | 6.7% | 6.8% | 6.5% | 8.4% | 12.2% |
| Operating margin | 1.8% | 0.5% | 1.1% | −1.7% | 8.8% | −0.8% | 1.8% | 2.4% | 2.6% | 2.0% | 4.6% | 4.6% |
| Net margin | 0.7% | −0.5% | −3.8% | −2.7% | 5.9% | −1.4% | 1.6% | 0.9% | 1.2% | 0.8% | 2.9% | 2.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WERN's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WERN financial results
In fiscal year 2025 (ended December 31, 2025), Werner Enterprises reported revenue of $3.0 billion, down 1.8% from the year before. It had a net loss of $14.4 million, a net profit margin of −0.5%. Diluted earnings per share came to $0.01. Over five years revenue grew at an average rate of 4.6% a year.
See the WERN stock overview for the latest quote and news, or the WERN chart for price history and technical indicators.
WERN income statement FAQ
What is Werner Enterprises's annual revenue?
Werner Enterprises reported total revenue of $3.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.8% from $3.0 billion the previous year.
Is Werner Enterprises profitable?
No. Werner Enterprises reported a net loss of $14.4 million in fiscal 2025, a net profit margin of −0.5%; its operating margin was 2.3%.
What is Werner Enterprises's gross margin?
Werner Enterprises's gross margin was 5.8% in fiscal 2025: for every $100 of revenue, Werner Enterprises kept $6 after the direct cost of its products and services.
How fast is Werner Enterprises growing?
Revenue grew 4.6% a year on average over the last five fiscal years, from $2.4 billion to $3.0 billion.
What are Werner Enterprises's earnings per share?
Werner Enterprises earned $0.01 per diluted share in fiscal 2025, compared with $0.54 a year earlier.
When will Werner Enterprises report its next earnings?
Werner Enterprises is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Werner Enterprises's fiscal year end?
Werner Enterprises's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.