Werner Enterprises
Runs Dedicated and One-Way truckload fleets alongside asset-light logistics services.
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Profile
Revenue comes from moving truckload freight through Dedicated and One-Way fleets, supplemented by brokerage, freight management, intermodal and Final Mile services. Dedicated contracts anchor the operating mix following the FirstFleet acquisition, while the network remains exposed to North American freight demand, driver supply and transport regulation.
Moves truckload freight through two segments: Truckload Transportation Services and Werner Logistics. Truckload Transportation Services combines Dedicated fleets assigned to retail distribution centers and manufacturing sites with One-Way Truckload van, expedited, regional and temperature-controlled services. The FirstFleet acquisition expanded Dedicated operations, while One-Way also serves cross-border routes into Mexico.
Werner Logistics supplies truckload brokerage and freight management through contracted carriers, intermodal rail and drayage options, and Final Mile delivery for large or heavy goods. Operations span the contiguous United States, with service into Canada and Mexico. Modern equipment, telematics, driver training and safety systems support capacity planning and delivery execution.
A concentrated customer base, freight demand, driver availability, fuel recovery, safety performance and motor-carrier regulation shape utilization and costs.
Company facts
Categories
Key statistics
Year to date +25.5% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Susquehanna | Upgrade | Neutral | Positive | ||
| Jul 30, 2026 | Baird | Upgrade | Neutral | Outperform | ||
| Jul 29, 2026 | UBS | Reiterate | Neutral | $37 | $40 | |
| Jul 14, 2026 | Susquehanna | Reiterate | Neutral | $47 | $48 | |
| Jul 13, 2026 | Stifel Nicolaus | Target | $31 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.24 | $0.22 | −6.9% | $931.1M | $933.9M | +0.3% | −4.33% |
| Apr 28, 2026Q1 FY26 | −$0.03 | $0.02 | +166.7% | $812.5M | $808.6M | −0.5% | +5.78% |
| Feb 5, 2026Q4 FY25 | $0.09 | $0.05 | −44.4% | $761.1M | $737.6M | −3.1% | −8.21% |
| Oct 30, 2025Q3 FY25 | $0.15 | −$0.03 | −120.0% | $767.5M | $771.5M | +0.5% | +3.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $712.1M | $753.1M | $771.5M | $737.6M | $808.6M | $933.9M | |
| Gross profit | $69.6M | $81.0M | $57.9M | $79.9M | $39.5M | $1.70B | |
| Operating income | −$5.8M | $66.3M | −$13.0M | $8.4M | $4.0M | $16.9M | |
| Net income | −$10.1M | $44.1M | −$20.6M | −$27.8M | −$4.3M | $6.4M | |
| Diluted EPS | −$0.16 | $0.72 | −$0.34 | −$0.46 | −$0.07 | $0.10 | |
| Gross margin | 9.8% | 10.8% | 7.5% | 10.8% | 4.9% | 182.4% | |
| Operating margin | -0.8% | 8.8% | -1.7% | 1.1% | 0.5% | 1.8% |
Fiscal years (4-quarter sums)FY21 $2.73B · FY22 $3.29B · FY23 $3.28B · FY24 $3.03B · FY25 $2.97B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $57.0M · Total debt $941.9M · Total assets $3.16B · Shareholders' equity $1.36B
Dividends
Raised for 35 straight years — most recently to $0.14 from $0.13 in Jun 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 22 | $0.14 | |
| Apr 13, 2026 | Apr 13 | May 6 | $0.14 | |
| Jan 5, 2026 | Jan 5 | Jan 21 | $0.14 | |
| Oct 6, 2025 | Oct 6 | Oct 22 | $0.14 | |
| Jul 7, 2025 | Jul 7 | Jul 23 | $0.14 | |
| Apr 14, 2025 | Apr 14 | May 7 | $0.14 | |
| Jan 2, 2025 | Jan 2 | Jan 15 | $0.14 | |
| Oct 7, 2024 | Oct 7 | Oct 23 | $0.14 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 59.95M · Float 58.75M · 98.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.41M | 17.36% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 3.84M | 6.40% | 13F | Aug 11, 2026 |
| FMR LLC | 3.77M | 6.28% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 3.72M | 6.21% | 13F | Aug 13, 2026 |
| American Century Investment Management, Inc. | 3.05M | 5.10% | 13G | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Jim S. Schelble | officer: Exec VP & Chief Admin Officer | −933 | $43.93 |
| Feb 20, 2026 | Eric J. Downing | officer: Exec VP and COO | −1,418 | $34.78 |
| Feb 19, 2026 | Eric J. Downing | officer: Exec VP and COO | −1,428 | $35.00 |
| Jan 6, 2025 | Daragh P. Mahon | officer: Executive Vice President & CIO | +140 | $36.37 |
| Jan 16, 2025 | Daragh P. Mahon | officer: Executive Vice President & CIO | +8 | $36.74 |
Peers
- Knight-Swift Transportation
Broad truckload peer across dedicated, logistics, and intermodal
- J.B. Hunt
Scale rival in dedicated, intermodal, brokerage, and final mile
- Schneider National
Direct multimodal peer in truckload, intermodal, and logistics
- Hub Group
Logistics-heavy peer in intermodal, brokerage, dedicated, and final mile
- Heartland Express
Dry-van truckload peer across short and medium-haul lanes
- Marten Transport
Temperature-sensitive truckload peer with dedicated and brokerage overlap
- Covenant Logistics
Expedited and dedicated truckload peer with managed freight overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Werner Enterprises | $38.42 | +0.03% | $2.30B | — | 22.2 | 0.7 | +24.0% |
| Knight-Swift Transportation | $67.00 | −0.36% | $10.94B | 260.3 | 20.7 | 1.4 | +12.6% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| Schneider National | $34.44 | −0.04% | $6.03B | 53.8 | 25.6 | 1.0 | +10.4% |
| Hub Group | $39.61 | −0.01% | $2.40B | 29.5 | 37.0 | 0.9 | −1.0% |
| Heartland Express | $12.18 | −0.04% | $943.8M | — | 39.8 | 1.3 | −12.5% |
| Marten Transport | $14.36 | 0.00% | $1.17B | 92.5 | 30.3 | 1.4 | −2.8% |
| Covenant Logistics | $34.98 | −0.14% | $880.0M | 349.8 | 16.0 | 0.7 | +9.9% |
| Median | 73.2 | 29.5 | 1.3 | +9.9% |