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Truckload trucking company hauling dry-van freight for large shippers, plus a dedicated fleet and logistics brokerage arm.
Truckload trucking company hauling dry-van freight for large shippers, plus a dedicated fleet and logistics brokerage arm.
Paid per mile or per load. One-way freight reprices with the truck-capacity cycle, while dedicated fleets, where trucks and drivers are committed to one shipper, run on longer contracts and are steadier. Werner Logistics arranges loads that other carriers haul.
Moat: none (scale). Trucking capacity is largely commoditized; scale gives some edge but rates stay cyclical.
Headquarters: Omaha, Nebraska · Founded: 1956 · Employees: 12,031
Size Werner Enterprises (WERN) is a United States Industrials company (Trucking) with a market value of $1.62B, the 1938th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.95 on 6 Nov 2026.
Performance Over six months the shares fell 26.0%, against -1.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 14.7% over the last twelve months (peer median +5.0%); the operating margin is 1.5% (peer median 5.3%).
Valuation It trades at 18.8× forward earnings against a peer median of 14.2× (6th most expensive of 18).
Capital Return on invested capital runs 7.4 points below its cost of capital (9.2% WACC).
Short interest Short interest is 7.8% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.43B | $2.97B | $3.03B | $3.28B | $3.29B |
| Revenue growth | — | -2% | -8% | 0% | — |
| Gross profit | $158M | $172M | $193M | $285M | $374M |
| EBITDA | $380M | $318M | $342M | $429M | $614M |
| Net income | -$19.1M | -$14.4M | $34.2M | $112M | $241M |
| Free cash flow | n/a | -$68.5M | -$84.1M | -$124M | -$58.5M |
| Capital expenditure | n/a | $250M | $414M | $599M | $507M |
| Total debt | $995M | $794M | $702M | $685M | $736M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Werner Enterprises WERN | $1.62B | -26% | +15% | 2% | 18.8× | n/a |
| J.B. Hunt JBHT | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% |
| Knight-Swift Transportation KNX | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% |
| Schneider National SNDR | $4.88B | -10% | +6% | 3% | 18.7× | 19.5% |
| Heartland Express HTLD | $780M | -24% | -17% | -6% | 28.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WERN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -2.2% | 4th lowest of 21 |
| 6-month return | -26.0% | -1.5% | 3rd lowest of 21 |
| Distance from 52-week high | -43.2% | -28.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | +14.7% | +5.0% | 3rd highest of 21 |
| Operating margin | 1.5% | 5.3% | 6th lowest of 21 |
| Forward P/E | 18.8× | 14.2× | 6th most expensive of 18 |
| ROIC minus cost of capital | -7.4 pp | -0.5 pp | 5th lowest of 21 |
| EV / EBITDA | 6.8× | 8.9× | 6th cheapest of 16 |
| Net debt / EBITDA | 2.5× | 0.7× | 5th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Werner Enterprises WERN | United States | $1.62B | -26% | +15% | 2% | 18.8× | n/a | n/a |
| STEF STF.PA | France | $1.79B | +12% | +8% | 4% | 11.0× | 7.1% | +10.2% |
| Mullen MTL.TO | Canada | $1.98B | +36% | +12% | 9% | 18.2× | 6.5% | +12.9% |
| NTG Nordic Transport Group A/S NTG.CO | Denmark | $1.09B | +71% | +16% | 5% | 20.6× | -0.4% | +16.4% |
| Seino 9076.T | Japan | $2.48B | +9% | +7% | 5% | 14.5× | -3.2% | +6.5% |
| Marten Transport MRTN | United States | $959M | -25% | -5% | 1% | 27.1× | n/a | n/a |
| Logwin TGHN.DE | Germany | $942M | +5% | -6% | 5% | 15.2× | -16.0% | +3.9% |
| Maruzen Showa Unyu 9068.T | Japan | $922M | -15% | +3% | 10% | 10.5× | -7.4% | +4.2% |
| ArcBest ARCB | United States | $2.86B | +6% | +8% | 3% | 13.6× | 16.5% | +6.4% |
| NIKKON 9072.T | Japan | $3.25B | -19% | +7% | 9% | 26.9× | 12.0% | +8.1% |
| Shanghai Juss Sports and Entertainment 600676.SS | China | $802M | -36% | -14% | -15% | n/a | 5.1% | -11.0% |
| Covenant Logistics CVLG | United States | $801M | -5% | +12% | 1% | 12.3× | n/a | n/a |
| Sakai Moving Service 9039.T | Japan | $785M | +2% | +4% | 10% | 13.7× | -11.2% | +4.5% |
| Heartland Express HTLD | United States | $780M | -24% | -17% | -6% | 28.2× | n/a | n/a |
| Fulongma 603686.SS | China | $743M | -37% | +6% | 6% | 27.8× | 2.4% | -2.0% |
| Fujian Highton Development 603162.SS | China | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% | +45.6% |
| Shibusawa Logistics 9304.T | Japan | $723M | +48% | +2% | 5% | n/a | 16.9% | +4.1% |
| Universal Logistics ULH | United States | $715M | +108% | -7% | 4% | 13.9× | n/a | n/a |
| Shanghai Jin Jiang Online Network Service 600650.SS | China | $705M | -14% | -19% | -2% | n/a | 5.6% | -10.8% |
| Transport Corporation of India TCI.NS | India | $700M | -12% | +12% | 8% | 14.2× | 14.9% | +11.9% |
| Shengyuan Environmental Protection 300867.SZ | China | $638M | -24% | +3% | 28% | 11.8× | -4.1% | +8.5% |