Financials Werner Enterprises, Inc.

Equities

WERN

US9507551086

Ground Freight & Logistics

Market Closed - Nasdaq Other stock markets 21:00:00 10/12/2025 GMT			5-day change	1st Jan Change
29.91 ^USD	+2.68%		+3.89%	-16.73%

12-05	Multi-modal Truckload Stocks Face Supply Side Tightening, BofA Says	MT
12-02	Werner Enterprises, Inc. Presents at UBS Global Industrials and Transportation Conference, Dec-02-2025 10:30 AM

Projected Income Statement: Werner Enterprises, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,372	2,734	3,290	3,283	3,030	3,003	3,136	3,314
Change	-	15.27%	20.32%	-0.2%	-7.71%	-0.91%	4.44%	5.7%
EBITDA ¹	505.2	584.5	596.7	489.2	354	324	395.9	469.6
Change	-	15.69%	2.09%	-18.01%	-27.63%	-8.47%	22.19%	18.59%
EBIT ¹	241.9	316.8	333.2	189.7	73.71	43.64	102.6	159.5
Change	-	30.93%	5.17%	-43.06%	-61.14%	-40.8%	135.22%	55.43%
Interest Paid ¹	-4.215	-4.423	-10.1	-33.54	-32.31	-35.01	-38.42	-36
Earnings before Tax (EBT) ¹	224.7	346	324.8	147.8	42.48	16.46	72.37	134.9
Change	-	53.99%	-6.14%	-54.5%	-71.25%	-61.24%	339.57%	86.43%
Net income ¹	169.1	259.1	241.3	112.4	34.23	22.27	50.69	85.96
Change	-	53.21%	-6.87%	-53.42%	-69.54%	-34.94%	127.62%	69.57%
Announcement Date	04/02/21	03/02/22	07/02/23	06/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	620.3	616.4	649.8	702.9	765.2	764.6	836.3	827.6	861.5	832.7	811.1	817.7	821.9	769.1	760.8	745.7	754.7	712.1	753.1	771.5	766.5	737.5	778.8	801	816.6
Change	-	-0.62%	5.41%	8.17%	8.87%	-0.08%	9.37%	-1.04%	4.09%	-3.34%	-2.6%	0.82%	0.51%	-6.43%	-1.08%	-1.98%	1.2%	-5.64%	5.76%	2.44%	-0.64%	-3.79%	5.6%	2.85%	1.96%
EBITDA ¹	146.5	126.7	143	142.5	172.4	153.4	146.1	149.8	163.7	131.9	126	116.4	114.9	92.86	96.46	93.15	81.61	65.73	89.83	83.09	88.81	85.69	98.21	102.7	109.8
Change	-	-13.54%	12.88%	-0.36%	20.99%	-10.99%	-4.79%	2.58%	9.27%	-19.47%	-4.44%	-7.59%	-1.3%	-19.19%	3.87%	-3.43%	-12.39%	-19.46%	36.67%	-7.5%	6.88%	-3.52%	14.62%	4.61%	6.87%
EBIT ¹	82.71	62.72	79.11	73.85	101.1	86.19	77.6	79.45	89.92	57.54	51.1	41.85	39.21	18.59	23.34	21.61	12.25	-1.803	16.56	10.91	17.89	14.28	25.65	29.33	37.5
Change	-	-24.17%	26.14%	-6.65%	36.9%	-14.75%	-9.96%	2.38%	13.17%	-36%	-11.19%	-18.1%	-6.32%	-52.58%	25.53%	-7.42%	-43.32%	-114.72%	1,018.19%	-34.1%	63.96%	-20.17%	79.63%	14.33%	27.86%
Charge d'intérêts ¹	-0.576	-0.541	-0.701	-1.284	-1.6	-1.439	-1.787	-2.778	-5.073	-7.916	-8.139	-8.661	-8.819	-7.948	-7.257	-9.259	-9.535	-8.045	-7.866	-	-9.27	-10.1	-9.8	-9.65	-9.4
Earnings before Tax (EBT) ¹	81.14	61.89	96.63	86.37	101.1	72.47	97.42	73.91	80.99	46.93	40.11	30.54	30.2	9.315	12.13	8.544	12.49	-13.39	59.09	-21.9	7.641	6.95	18.75	20.85	29.45
Change	-	-23.73%	56.14%	-10.62%	17.09%	-28.34%	34.43%	-24.13%	9.57%	-42.05%	-14.55%	-23.86%	-1.1%	-69.16%	30.23%	-29.57%	46.21%	-207.17%	541.37%	-137.07%	134.88%	-9.04%	169.78%	11.2%	41.25%
Net income ¹	60.56	46.49	72.03	63.76	76.77	53.75	72.29	55.05	60.17	35.22	29.88	23.7	23.57	6.312	9.465	6.565	11.89	-10.1	44.06	-20.58	5.721	5.4	14.2	15.75	22.25
Change	-	-23.22%	54.93%	-11.48%	20.4%	-29.98%	34.5%	-23.85%	9.29%	-41.46%	-15.17%	-20.67%	-0.55%	-73.22%	49.95%	-30.64%	81.13%	-184.92%	536.34%	-146.7%	127.81%	-5.62%	162.96%	10.92%	41.27%
Announcement Date	04/02/21	28/04/21	29/07/21	28/10/21	03/02/22	03/05/22	03/08/22	02/11/22	07/02/23	03/05/23	03/08/23	01/11/23	06/02/24	30/04/24	30/07/24	29/10/24	06/02/25	29/04/25	29/07/25	30/10/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Werner Enterprises, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	171	373	587	587	609	656	632	581
Change	-	118.13%	57.37%	0%	3.75%	7.67%	-3.66%	-8.07%
Announcement Date	04/02/21	03/02/22	07/02/23	06/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Werner Enterprises, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	413.1	370.8	507.3	598.8	413.8	213.8	259.5	220
Change	-	-10.22%	36.78%	18.04%	-30.89%	-48.32%	21.35%	-15.22%
Free Cash Flow (FCF) ¹	7.956	139.8	-58.54	-124.4	-84.06	125.9	78.95	12.5
Change	-	1,656.79%	-141.88%	-112.53%	32.43%	249.76%	-37.29%	-84.17%
Announcement Date	04/02/21	03/02/22	07/02/23	06/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Werner Enterprises, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	21.3%	21.38%	18.14%	14.9%	11.68%	10.79%	12.63%	14.17%
EBIT Margin (%)	10.2%	11.59%	10.13%	5.78%	2.43%	1.45%	3.27%	4.81%
EBT Margin (%)	9.47%	12.65%	9.87%	4.5%	1.4%	0.55%	2.31%	4.07%
Net margin (%)	7.13%	9.47%	7.33%	3.42%	1.13%	0.74%	1.62%	2.59%
FCF margin (%)	0.34%	5.11%	-1.78%	-3.79%	-2.77%	4.19%	2.52%	0.38%
FCF / Net Income (%)	4.71%	53.95%	-24.27%	-110.71%	-245.57%	565.32%	155.74%	14.54%
Profitability
ROA	8%	11.2%	-	3.6%	1.1%	0.52%	2.03%	2.69%
ROE	14.7%	20.4%	17.5%	7.3%	2.2%	0.24%	3.85%	7.23%
Financial Health
Leverage (Debt/EBITDA)	0.34x	0.64x	0.98x	1.2x	1.72x	2.02x	1.6x	1.24x
Debt / Free cash flow	21.45x	2.67x	-10.02x	-4.72x	-7.25x	5.21x	8.01x	46.48x
Capital Intensity
CAPEX / Current Assets (%)	17.41%	13.56%	15.42%	18.24%	13.66%	7.12%	8.28%	6.64%
CAPEX / EBITDA (%)	81.76%	63.45%	85.01%	122.4%	116.88%	65.99%	65.54%	46.85%
CAPEX / FCF (%)	5,191.87%	265.33%	-866.49%	-481.26%	-492.24%	169.85%	328.69%	1,760%
Items per share
Cash flow per share ¹	6.423	4.905	6.948	7.445	5.262	4.148	5.785	12.41
Change	-	-23.63%	41.66%	7.15%	-29.32%	-21.17%	39.45%	114.51%
Dividend per Share ¹	0.36	0.46	0.51	0.55	0.56	0.5702	0.592	0.6338
Change	-	27.78%	10.87%	7.84%	1.82%	1.82%	3.81%	7.07%
Book Value Per Share ¹	17.59	20.18	22.83	24.09	23.54	23.22	23.43	24.16
Change	-	14.72%	13.16%	5.5%	-2.28%	-1.34%	0.89%	3.08%
EPS ¹	2.44	3.82	3.74	1.76	0.55	0.32	0.9088	1.647
Change	-	56.56%	-2.09%	-52.94%	-68.75%	-41.82%	184%	81.27%
Nbr of stocks (in thousands)	69,098	66,884	63,202	63,395	61,808	59,830	59,830	59,830
Announcement Date	04/02/21	03/02/22	07/02/23	06/02/24	06/02/25	-	-	-