Werner Enterprises (WERN) AI Stock Analysis

• Market Cap: $2.05B
• Dividend Yield: 1.84%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 84.2
• Beta (1Y): 0.81
• Revenue Growth: -3.42%
• EPS Growth: -43.86%
• Country: US
• Employees: 13,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): -0.03
• Shares Outstanding: 59,830,320
• 10 Day Avg. Volume: 1,574,393
• 30 Day Avg. Volume: 1,085,293
• PEG Ratio: -0.95
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 0.74
• P/FCF Ratio: -26.68
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 0.92
• Enterprise Value/Gross Profit: 9.24
• Enterprise Value/Ebitda: 7.66
• 1Y Price Target: $31.62
• Price Target Upside: -8.72% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 13
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: $37.00 ▲(6.81% Upside)

The score is held back primarily by weak profitability and cash flow (low net margin, low ROE, negative free cash flow), and a stretched valuation (P/E 81). Offsetting these are strong technical momentum and constructive business actions, including ongoing cost savings, growth in Logistics/Dedicated, and the FirstFleet acquisition expected to be accretive with synergy and cash-flow benefits.

Positive Factors

Diversified business model

Werner's multi-pronged revenue model (Truckload, Dedicated, Logistics, brokerage) provides durable demand diversification and cross-selling across industries. This reduces exposure to any single freight cycle, supports steadier revenue streams and long-term client relationships.

High gross profit margin

A sustained gross margin near 58% signals structural cost efficiency in core operations and pricing power on freight services. High gross margins provide room to absorb SG&A, invest in technology, and protect operating profit through industry cycles.

Technology transformation

A complete, cloud-based tech rebuild that cut a major back-office expense 40% is a durable productivity lever. Scalable systems reduce per-unit operating costs, improve routing/asset utilization, and support margin expansion as volumes grow long term.

Negative Factors

Negative free cash flow

Persistent negative free cash flow and sharply declining FCF growth constrain reinvestment, debt reduction, and shareholder returns. Reliance on external financing or capital raises could rise, limiting strategic flexibility and raising funding risk over months.

Low profitability and ROE

Very low net margins and sub-2% ROE indicate weak conversion of revenue into shareholder returns. Structural margin pressure or capital inefficiency reduces capacity to fund growth projects, making sustained improvement necessary to justify continued investment.

Legal, insurance and claims costs

Significant legal settlement and elevated insurance/claims costs are recurring operational risks that compress margins and can signal larger exposure in driver/pay or safety-related liabilities. These issues can raise ongoing expense baselines and reputational risk.

Werner Enterprises Business Overview & Revenue Model

Company Description

Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment operates medium-to-long-haul van fleet that transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet, which offers time-sensitive truckload services using driver teams; regional short-haul fleet that provides comparable truckload van service in the United States; and temperature controlled fleet, which offers truckload services for temperature sensitive products using temperature-controlled trailers. It transports retail store merchandise, consumer products, food and beverage products, and manufactured products. The Werner Logistics segment provides non-asset-based transportation and logistics services, including truck brokerage; logistics management services and solutions; rail transportation through alliances with rail and drayage providers; and residential and commercial deliveries of large or heavy items using liftgate straight truck. As of December 31, 2021, the company had a fleet of 8,340 trucks, which included 8,050 company-operated, as well as 290 owned and operated by independent contractors;27,225 company-owned trailers that comprised dry vans, flatbeds, temperature-controlled, and other trailers; and 55 intermodal drayage trucks. Werner Enterprises, Inc. was founded in 1956 and is headquartered in Omaha, Nebraska.

How the Company Makes Money

Werner Enterprises generates revenue primarily through its freight transportation services. The company's revenue model is multifaceted, with key revenue streams including Truckload services, which involve transporting goods over long distances; Dedicated services, where trucks are assigned to specific customers for consistent service; and Logistics services, which encompass supply chain management and intermodal transportation solutions. The company also earns revenue from freight brokerage, where it matches shippers with carriers. Significant partnerships with various shippers and manufacturers enhance its earnings potential, while a focus on operational efficiency and technology integration helps optimize costs and improve service delivery.

Werner Enterprises Financial Statement Overview

Summary

Mixed fundamentals: strong gross margin (57.9%) and a stable balance sheet with moderate leverage (Debt-to-Equity 0.52), but profitability is weak (net margin 0.85%, ROE 1.77%) and cash generation is a concern with negative free cash flow and sharply lower FCF growth (-54.2% TTM).

Income Statement

Werner Enterprises shows a mixed performance in its income statement. The TTM Gross Profit Margin is strong at 57.9%, indicating efficient cost management. However, the Net Profit Margin is low at 0.85%, reflecting challenges in converting revenue into profit. Revenue growth is minimal at 0.87% TTM, suggesting stagnation. The EBIT and EBITDA margins are modest, indicating room for operational improvement.

Balance Sheet

The balance sheet reflects a stable financial position with a Debt-to-Equity Ratio of 0.52 TTM, indicating moderate leverage. The Return on Equity is low at 1.77% TTM, suggesting limited profitability from equity. The Equity Ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals concerns with negative Free Cash Flow and a significant decline in Free Cash Flow Growth at -54.2% TTM. The Operating Cash Flow to Net Income Ratio is 0.56, indicating a moderate conversion of income to cash. The negative Free Cash Flow to Net Income Ratio highlights cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.99B	3.03B	3.28B	3.29B	2.73B	2.37B
Gross Profit	299.39M	338.63M	423.65M	521.59M	477.93M	460.89M
EBITDA	361.11M	372.10M	480.82M	616.54M	618.14M	492.19M
Net Income	25.28M	34.23M	112.38M	241.26M	259.05M	169.08M
Balance Sheet
Total Assets	2.97B	3.05B	3.16B	3.18B	2.68B	2.24B
Cash, Cash Equivalents and Short-Term Investments	50.98M	40.75M	61.72M	107.24M	54.20M	29.33M
Total Debt	768.14M	701.76M	685.26M	736.04M	456.51M	210.37M
Total Liabilities	1.54B	1.56B	1.59B	1.70B	1.32B	1.04B
Stockholders Equity	1.40B	1.46B	1.53B	1.44B	1.33B	1.20B
Cash Flow
Free Cash Flow	-54.78M	-84.06M	-124.42M	-58.54M	-38.03M	32.84M
Operating Cash Flow	190.57M	329.73M	474.37M	448.71M	332.82M	445.91M
Investing Cash Flow	-134.75M	-241.45M	-434.94M	-514.33M	-397.30M	-263.27M
Financing Cash Flow	-60.23M	-105.72M	-87.07M	118.03M	89.67M	-185.96M

Werner Enterprises Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WERN, the sentiment is Positive. The current price of 34.64 is above the 20-day moving average (MA) of 33.21, above the 50-day MA of 30.23, and above the 200-day MA of 27.91, indicating a bullish trend. The MACD of 1.07 indicates Positive momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 66.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WERN.

Werner Enterprises Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRTN	64 Neutral	$1.00B	58.57	2.53%	2.07%	-9.74%	-42.57%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
WERN	63 Neutral	$2.05B	84.19	1.78%	1.84%	-3.42%	-43.86%
HTLD	58 Neutral	$781.45M	-22.61	-4.35%	0.87%	-19.56%	-54.39%
SNDR	57 Neutral	$4.71B	45.49	3.45%	1.40%	5.46%	2.31%
ARCB	56 Neutral	$2.03B	34.44	4.61%	0.62%	-5.34%	-48.16%
ULH	52 Neutral	$421.54M	-10.46	-6.66%	2.76%	-7.55%	-130.67%

Werner Enterprises Corporate Events

Werner Enterprises to Present at Multiple February Conferences

On January 29, 2026, Werner Enterprises announced it will participate in three Miami-based investment conferences in February 2026: the Stifel 2026 Transportation and Logistics Conference on February 10, Citi’s 2026 Global Industrial Tech and Mobility Conference on February 17, and the Barclays 43rd Annual Industrial Select Conference on February 18, each featuring Werner fireside chat presentations and investor meetings. Live webcasts and 30-day archived replays of these events will be available via the company’s investor website, underscoring Werner’s effort to engage the investment community and provide greater visibility into its operations and strategy, with timing and access details subject to potential schedule updates communicated through its public disclosure channels.

The most recent analyst rating on (WERN) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on Werner Enterprises stock, see the WERN Stock Forecast page.

Werner Enterprises Acquires FirstFleet, Expanding Dedicated Trucking

On January 27, 2026, Werner Enterprises acquired 100% of First Enterprises, Inc. (FirstFleet), a privately held dedicated trucking company based in Murfreesboro, Tennessee, for approximately $245 million in cash, plus a separate $37.8 million purchase of 11 real estate properties, funded through cash on hand and its existing revolving credit facility. The deal, which adds roughly 2,400 tractors, 11,000 trailers and 37 properties serving about 130 customer sites, elevates Werner to the fifth-largest dedicated carrier in North America, boosts its exposure to resilient end markets such as grocery, bakery goods and corrugated packaging, and is expected to be immediately accretive to EPS, with around $18 million in annual synergies and stronger free cash flow anticipated as FirstFleet operates as a business unit within Werner’s Truckload Transportation Services segment while largely retaining its management and Murfreesboro headquarters.

The most recent analyst rating on (WERN) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Werner Enterprises stock, see the WERN Stock Forecast page.

Werner Enterprises to Attend Key Investment Conferences

On November 4, 2025, Werner Enterprises announced its participation in four upcoming investment conferences, including the Baird Global Industrial Conference and UBS Global Industrials and Transportation Conference, where it will engage in investor meetings and presentations. The company will provide live webcasts for some conferences, with replays available for a limited time, reflecting its proactive engagement with investors and stakeholders. This participation underscores Werner’s strategic efforts to enhance its visibility and communicate its market position and future prospects to the investment community.

The most recent analyst rating on (WERN) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Werner Enterprises stock, see the WERN Stock Forecast page.