WERN · XBRL financial data

Werner Enterprises financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (WERN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,372	2,734	3,290	3,283	3,030	2,974
Revenue from contracts with customers	—	—	3,217	3,204	2,955	2,900
Other operating income (expense)	(13)	39	63	12	(13)	(10)
Operating income (loss)	227	309	323	176	66	12
Interest income	2	1	2	7	7	6
Interest expense	4	4	12	34	39	39
Other income (expense)	(0)	(0)	(0)	(0)	0	0
Income tax expense (benefit)	56	85	79	35	9	2
Net income (loss)	169	259	241	112	34	(14)
Earnings per share, basic USD per share	2.45	3.84	3.76	1.77	0.55	(0.24)
Earnings per share, diluted USD per share	2.44	3.82	3.74	1.76	0.55	(0.24)
Weighted average shares, basic millions of shares	69	67	64	63	62	61
Weighted average shares, diluted millions of shares	69	68	65	64	63	61

Fiscal years (WERN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	29	54	107	62	41	60
Accounts receivable	341	461	519	445	392	395
Inventory	12	11	15	18	14	12
Total current assets	457	631	763	635	542	613
Property and equipment, net	1,543	1,613	1,825	1,973	1,934	1,791
Right-of-use asset	10	28	41	35	50	40
Goodwill	0	75	133	129	129	129
Total assets	2,157	2,604	3,097	3,158	3,052	2,889
Accounts payable	83	94	124	136	112	95
Accrued liabilities	25	29	20	30	19	16
Current portion of long-term debt	25	5	6	3	20	0
Total current liabilities	274	269	310	331	356	315
Long-term debt	175	423	688	646	630	752
Lease liability, non-current	7	23	33	27	36	26
Total liabilities	962	1,240	1,615	1,591	1,558	1,498
Retained earnings	1,439	1,667	1,876	1,953	1,953	1,905
Total stockholders' equity	1,195	1,328	1,444	1,528	1,456	1,363
Total liabilities and equity	2,157	2,604	3,097	3,158	3,052	2,889
Common shares outstanding (cover page) millions of shares	68	66	63	63	62	60

Fiscal years (WERN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	169	259	241	112	34	(14)
Stock-based compensation	9	11	12	12	9	11
Net cash from operating activities	446	333	449	474	330	182
Purchases of property and equipment	413	371	507	599	414	250
Net cash from investing activities	(263)	(397)	(514)	(435)	(241)	(172)
Share repurchases	57	104	110	0	67	56
Dividends paid	25	29	32	34	35	34
Proceeds from long-term debt	0	250	370	50	205	425
Repayments of long-term debt	50	0	100	90	221	320
Net cash from financing activities	(186)	90	118	(87)	(106)	7
Net change in cash	(4)	25	53	(46)	(21)	19

SIC 4213 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4213 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Werner Enterprises	57	934	84*	60.0M	—	Q2 FY26 10-QJun 30, 2026
Arcbest	185	1,211	not reported	22.1M	—	Q3 FY26 10-QSep 30, 2026
Schneider National	326	1,585	139*	not reported	—	Q3 FY26 10-QSep 30, 2026
Marten Transport	104	not reported	28*	81.7M	—	Q2 FY26 10-QJun 30, 2026
Landstar System	297	1,512	71*	33.7M	—	Q3 FY26 10-QSep 26, 2026
Covenant Logistics Group	2.6	not reported	(11)*	not reported	0.2 quarters	Q2 FY26 10-QJun 30, 2026
Knight-Swift Transportation Holdings	254	2,201	350*	162.8M	—	Q3 FY26 10-QSep 30, 2026
Heartland Express	62	184	13*	77.3M	—	Q2 FY26 10-QJun 30, 2026
Saia	203	982	190*	26.7M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.