Feed / WERN

Werner Enterprises, Inc.

WERN

Industrials · 38.59 -0.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Werner Enterprises, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company-0.8% todayVolume comparison unavailable
Market group0 of 14 activeLogistics & Asset Management · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • WERN's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if WERN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Trucking

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • WERN's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements96
Verified relationships5
Evidence supporting the case
  • Material customer DG most recently reported revenue +5.2% year over year.
Evidence challenging the case
  • Latest annual revenue changed -1.9% year over year.
  • Operating margin changed -1.8 percentage points in the latest annual period.
  • Net margin changed -1.7 percentage points in the latest annual period.
  • Energy and commodity prices has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 55% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

38.59
6m+10.0%12m+33.8%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.7B+15.3%$3.82-2.3%
2022-12-31$3.2B+17.6%$3.74-4.8%
2023-12-31$3.2B-0.4%$1.76-1.3%
2024-12-31$3.0B-7.8%$0.55-1.7%
2025-12-31$2.9B-1.9%$-0.24-3.3%

What management says matters

Persistent and emerging business drivers

Energy and commodity pricesnegative · 4 filings
Fuel increased $19.4 million, or 30.7%, in first quarter 2026 compared to first quarter 2025, and increased 1.3% as a percentage of operating revenues, due to the impact of 17.6 million more company tractor miles and higher average diesel fuel prices in first…
10-Q · May 8, 2026
Restructuring and cost reductionsnegative · 4 filings
These increases were partially offset by lower intangible amortization driven by a restructuring of our One-Way Truckload operating segment during the fourth quarter 2025 that impaired certain customer relationships and trade names.
10-Q · May 8, 2026
Credit and interest ratesmixed · 3 filings
Net interest expense increased primarily due to an increase in average debt outstanding, partially offset by a decrease in average interest rates.
10-Q · May 8, 2026
Legal and regulatory exposurepositive · 3 filings
Our consolidated and TTS segment operating results in 2025 were positively impacted by a $45.7 million liability reversal through insurance and claims expense as a result of a favorable decision related to a lawsuit arising from a December 2014 accident, and…
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.8× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.59-0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WERN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for WERN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind WERN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

DG11.0% of WERNcustomerFeb 26, 2026

Our largest customer, Dollar General, accounted for 11% of our total revenues in 2025.

WNCWabash National CorporationsupplierFeb 26, 2026

Most of our company-owned trailers were manufactured by Wabash National Corporation and Great Dane.

Depended on by

AURAurora Innovation, Inc.customerFeb 11, 2026

We also continued to operate commercial trucking pilots throughout 2025 with FedEx, Schneider, Volvo Autonomous Solutions, and Werner, among others, through which we regularly and autonomously hauled loads under the supervision of vehicle operators, and we ar…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WERN is currently a Leader in the organic co-movement group Logistics & Asset Management. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for WERN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.