WE
Werner Enterprises Inc
WERN—
Werner Enterprises Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF TTM is -54.8M with capex at 245M (8.2% of revenue) - cash burn despite positive operating cash flow of 191M[Free Cash Flow TTM]
- P/E of 95x vs industry median 34x while EPS declined 56% over 3 years - valuation disconnected from fundamentals[P/E Ratio]
- Operating margin 2.0% vs industry median 3.1% with gross profit down 25% YoY - margin compression accelerating[Operating Margin TTM]
Watch Triggers
- Operating Margin TTM: Sustained above 4% — Would signal freight rate recovery and cost discipline; current 2% is below breakeven for value creation
- Free Cash Flow TTM: Turn positive for 2 consecutive quarters — Negative FCF with dividend commitment creates balance sheet risk; positive FCF validates capital allocation
- Dividends Paid Per Share TTM: Cut below 0.40/share — Dividend cut would signal management capitulation on earnings outlook; could trigger 15-20% selloff
Bull Case
P/S of 0.61x vs industry 1.03x median offers downside protection if freight cycle turns; tangible book of 1.2B supports 1.5x P/B
P/S RatioTangible Book ValueP/B Ratio
PPE of 1.86B (63% of assets) provides real asset backing; dividend yield ~3% (0.56/share) maintained despite earnings pressure
PPEDividends Paid Per Share TTM
Bear Case
Dividend payout ratio 174% of TTM EPS (0.56 vs 0.32 EPS) - unsustainable without earnings recovery or balance sheet deterioration
Dividend Payout Ratio Avg 5yrEPS TTM
ROE 1.8% and ROIC 1.2% TTM well below cost of capital; 725M debt at rising rates pressures already thin margins
ROE TTMROIC TTMTotal Debt
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Margin recovery unlikely without freight rate improvement; cost structure appears fixed
1-3ymed
- Gross profit down 25% YoY on only 3.5% revenue growth
- Interest expense 40M eating into thin 61M operating income
- Capex intensity (8.2%) limits operational flexibility
Operating margin 2.0% vs 3.1% industry medianEPS 3Y CAGR -56% vs industry -29%Debt/equity 0.52 with 40M annual interest
Valuation Context
Caveats
Public Strategies Rankings
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WERN Fundamentals
Transportation and Warehousing → Truck Transportation
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.98B | — | ||
$2.66B | — | ||
103 | — | ||
$2.99B | -3.4% | — | |
$0.32 | -56.2% | — | |
2.03% | -0.9% | — | |
0.85% | -0.6% | — | |
$-54.78M | — | ||
0.02 | -1.3% | — | |
Beta 5Y (Monthly) | unknown | — |
WERN Dividend History
111 dividends
2026
$0.140001/05/26$0.1400
2025
$0.560010/06/25$0.1400
07/07/25$0.1400
04/14/25$0.1400
01/02/25$0.1400
2024
$0.420010/07/24$0.1400
07/01/24$0.1400
04/12/24$0.1400
2023
$0.550012/29/23$0.1400
09/29/23$0.1400
06/30/23$0.1400
04/14/23$0.1300
2022
$0.510012/30/22$0.1300
09/30/22$0.1300
07/01/22$0.1300
04/14/22$0.1200
2021
$0.460012/31/21$0.1200
10/01/21$0.1200
07/02/21$0.1200
04/16/21$0.1000
2020
$0.450012/31/20$0.0900
10/02/20$0.0900
07/02/20$0.0900
04/17/20$0.0900
01/03/20$0.0900
2019
$4.020010/04/19$0.0900
06/28/19$0.0900
05/23/19$3.7500
04/12/19$0.0900
2018
$0.340012/31/18$0.0900
09/28/18$0.0900
06/29/18$0.0900
04/13/18$0.0700
2017
$0.270012/29/17$0.0700
09/29/17$0.0700
06/30/17$0.0700
04/12/17$0.0600
2016
$0.240012/29/16$0.0600
09/29/16$0.0600
07/06/16$0.0600
04/14/16$0.0600
2015
$0.220012/30/15$0.0600
10/01/15$0.0600
07/01/15$0.0500
04/16/15$0.0500
2014
$0.250012/31/14$0.0500
10/02/14$0.0500
07/02/14$0.0500
04/10/14$0.0500
01/02/14$0.0500
2013
$0.200010/03/13$0.0500
06/27/13$0.0500
04/11/13$0.0500
01/03/13$0.0500
2012
$1.700011/27/12$1.5000
09/27/12$0.0500
06/28/12$0.0500
04/12/12$0.0500
01/05/12$0.0500
2011
$0.700011/28/11$0.5000
09/29/11$0.0500
06/30/11$0.0500
04/14/11$0.0500
01/06/11$0.0500
2010
$1.800011/18/10$1.6000
09/30/10$0.0500
07/01/10$0.0500
04/15/10$0.0500
01/07/10$0.0500
2009
$1.450011/19/09$1.2500
10/01/09$0.0500
07/01/09$0.0500
04/16/09$0.0500
01/08/09$0.0500
2008
$2.300011/19/08$2.1000
10/02/08$0.0500
07/02/08$0.0500
04/17/08$0.0500
01/07/08$0.0500
2007
$0.190009/27/07$0.0500
06/28/07$0.0500
04/12/07$0.0450
01/04/07$0.0450
2006
$0.170009/28/06$0.0450
06/29/06$0.0450
04/12/06$0.0400
01/05/06$0.0400
2005
$0.150009/29/05$0.0400
06/30/05$0.0400
04/14/05$0.0350
01/06/05$0.0350
2004
$0.120009/30/04$0.0350
07/01/04$0.0350
04/15/04$0.0250
01/08/04$0.0250
2003
$0.081010/02/03$0.0250
07/02/03$0.0240
04/16/03$0.0160
01/09/03$0.0160
2002
$0.063010/03/02$0.0160
06/27/02$0.0160
04/18/02$0.0160
01/10/02$0.0150
2001
$0.060209/27/01$0.0150
06/28/01$0.0150
04/11/01$0.0150
01/04/01$0.0150
2000
$0.060209/28/00$0.0150
06/29/00$0.0150
04/13/00$0.0150
01/06/00$0.0150
WERN Stock Splits
2 stock splits
10/01/030.8:1 split
03/15/020.75:1 split
WERN SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/07/25 | 09/30/25 | 10-Q | |
08/11/25 | 06/30/25 | 10-Q | |
05/09/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/26/24 | 12/31/23 | 10-K | |
11/08/23 | 09/30/23 | 10-Q | |
08/08/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/08/22 | 06/30/22 | 10-Q | |
05/09/22 | 03/31/22 | 10-Q | |
02/28/22 | 12/31/21 | 10-K | |
11/09/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/24/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/06/19 | 09/30/19 | 10-Q | |
08/07/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
03/01/19 | 12/31/18 | 10-K | |
11/01/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/03/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/31/17 | 10-K | |
11/02/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/02/17 | 03/31/17 | 10-Q | |
02/23/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
08/02/16 | 06/30/16 | 10-Q | |
05/02/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/02/15 | 09/30/15 | 10-Q | |
08/03/15 | 06/30/15 | 10-Q | |
05/04/15 | 03/31/15 | 10-Q | |
02/25/15 | 12/31/14 | 10-K | |
11/03/14 | 09/30/14 | 10-Q | |
08/04/14 | 06/30/14 | 10-Q | |
05/05/14 | 03/31/14 | 10-Q | |
02/25/14 | 12/31/13 | 10-K | |
11/05/13 | 09/30/13 | 10-Q | |
08/05/13 | 06/30/13 | 10-Q | |
05/02/13 | 03/31/13 | 10-Q | |
02/25/13 | 12/31/12 | 10-K | |
11/01/12 | 09/30/12 | 10-Q | |
08/06/12 | 06/30/12 | 10-Q | |
05/07/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/07/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/05/11 | 03/31/11 | 10-Q | |
03/01/11 | 12/31/10 | 10-K | |
11/04/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/04/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/02/09 | 09/30/09 | 10-Q | |
08/03/09 | 06/30/09 | 10-Q | |
05/04/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/03/08 | 09/30/08 | 10-Q | |
08/04/08 | 06/30/08 | 10-Q | |
05/05/08 | 03/31/08 | 10-Q | |
02/25/08 | 12/31/07 | 10-K | |
10/31/07 | 09/30/07 | 10-Q | |
08/02/07 | 06/30/07 | 10-Q | |
04/30/07 | 03/31/07 | 10-Q | |
02/14/07 | 12/31/06 | 10-K | |
11/01/06 | 09/30/06 | 10-Q | |
08/02/06 | 06/30/06 | 10-Q | |
05/01/06 | 03/31/06 | 10-Q | |
02/14/06 | 12/31/05 | 10-K | |
10/31/05 | 09/30/05 | 10-Q | |
08/02/05 | 06/30/05 | 10-Q | |
05/02/05 | 03/31/05 | 10-Q | |
02/15/05 | 12/31/04 | 10-K | |
11/01/04 | 09/30/04 | 10-Q | |
08/02/04 | 06/30/04 | 10-Q | |
05/03/04 | 03/31/04 | 10-Q | |
03/01/04 | 12/31/03 | 10-K | |
11/04/03 | 09/30/03 | 10-Q | |
08/05/03 | 06/30/03 | 10-Q | |
05/09/03 | 03/31/03 | 10-Q | |
02/28/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/13/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/31/02 | 10-Q | |
03/22/02 | 12/31/01 | 10-K | |
11/09/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/31/01 | 10-Q | |
03/23/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/31/00 | 10-Q |