WERN Werner Enterprises, Inc. - Common Stock
NASDAQ · Road & Rail · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 7, 2026WERN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Oct. 1, 2003 | 5-for-4 | Forward |
| March 15, 2002 | 4-for-3 | Forward |
| May 14, 1998 | 5-for-4 | Forward |
| Aug. 12, 1996 | 3-for-2 | Forward |
| Sept. 22, 1992 | 2-for-1 | Forward |
About Werner Enterprises, Inc. - Common Stock Company overview from Wikipedia
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
History
In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Werner was among the six largest truckload and less-than-truckload (LTL) carriers in the United States in 2023.
Acquisitions
In July 2021, Werner acquired regional truckload carriers ECM Transport Group (ECM Transport and Motor Carrier Service, LLC), expanding in the Mid-Atlantic, Ohio and Northeast regions.
In November 2021, Werner acquired final mile carrier NEHDS Logistics, LLC.
In October 2022, Werner acquired truckload carrier Baylor Trucking, Inc., expanding in the east central and south-central U.S. truckload markets.
In November 2022, Werner acquired asset-light logistics provider and truckload carrier, ReedTMS Logistics.
Operations
Werner's fleet consists of approximately 8,300 trucks, 30,000 trailers and employs 14,300 employees and independent contractors. The company conducts business in more than 150 countries, with offices in the U.S., Canada and Mexico. It is the largest truckload transportation provider serving the Mexico cross-border market.
Werner's common stock trades on the NASDAQ Global Select Market under the symbol WERN. Werner announced its Werner DRIVE strategy in 2022, which stands for Durable, Results, Innovation, Values and ESG. Building on the "5Ts + S" strategy, Werner DRIVE incorporates sustainability, capital allocation, an outcome-oriented approach to operations, a drive to innovate and a culture that supports and values its team members.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WERN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -46.55Y avg ≈-2.5 | ≈-2.5 | · | · | |
| P/S (TTM) | 0.75Y avg ≈0.8 | ≈0.8 | 1.2 | Undervalued | |
| P/B (MRQ) | 1.65Y avg ≈1.7 | ≈1.7 | 2.5 | Undervalued | |
| EV / EBITDA | 240.95Y avg ≈59.2 | ≈59.2 | · | · | |
| Price / FCF (TTM) | 39.75Y avg ≈-40.0 | ≈-40.0 | · | · | |
| Price / Cash Flow (TTM) | 7.75Y avg ≈7.5 | ≈7.5 | 9.9 | Fair value | |
| EV / Revenue | 0.95Y avg ≈1.0 | ≈1.0 | · | · | |
| EV / FCF | -41.05Y avg ≈-48.4 | ≈-48.4 | · | · | |
| Price / Tangible Book (MRQ) | 1.65Y avg ≈2.0 | ≈2.0 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WERN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -0.86%5Y avg ≈5.8% | ≈5.8% | 3.1% | Weak | |
| EBITDA Margin | 0.39%5Y avg ≈5.8% | ≈5.8% | 3.8% | Weak | |
| Pretax Margin (TTM) | -2.0%5Y avg ≈5.5% | ≈5.5% | 3.8% | Weak | |
| Net Profit Margin (TTM) | -1.4%5Y avg ≈4.2% | ≈4.2% | 2.9% | Weak | |
| ROA (TTM) | -1.5%5Y avg ≈4.7% | ≈4.7% | 2.0% | Weak | |
| ROE (TTM) | -3.3%5Y avg ≈9.2% | ≈9.2% | 2.9% | Weak | |
| ROIC | 0.61%5Y avg ≈6.8% | ≈6.8% | 2.1% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WERN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.65Y avg ≈0.4 | ≈0.4 | 0.2 | High debt | |
| Current Ratio (MRQ) | 1.45Y avg ≈2.0 | ≈2.0 | 1.5 | In line | |
| Quick Ratio | 1.45Y avg ≈1.6 | ≈1.6 | 1.2 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.65Y avg ≈0.4 | ≈0.4 | 0.2 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WERN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -1.8%5Y avg ≈5.2% | ≈5.2% | · | · | |
| Revenue CAGR 3Y | -3.3%5Y avg ≈3.9% | ≈3.9% | · | · | |
| Revenue CAGR 5Y | 4.6% | · | · | · | |
| EPS YoY | -68.8%5Y avg ≈-16.8% | ≈-16.8% | · | · | |
| Net Income YoY | -69.5%5Y avg ≈-19.2% | ≈-19.2% | · | · | |
| EPS CAGR 3Y | -47.6% | · | · | · | |
| Net Income CAGR 3Y | -49.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WERN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.05Y avg ≈1.1 | ≈1.1 | 1.1 | Weak | |
| Receivables Turnover | 7.65Y avg ≈7.0 | ≈7.0 | 8.8 | Weak | |
| Revenue / Employee | ≈$205.1K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 6, 2026 | $0.14 | USD | ≈1.3% |
| Apr 13, 2026 | $0.14 | USD | ≈1.8% |
| Jan 5, 2026 | $0.14 | USD | ≈1.7% |
| Oct 6, 2025 | $0.14 | USD | ≈2.0% |
| Jul 7, 2025 | $0.14 | USD | ≈2.0% |
| Apr 14, 2025 | $0.14 | USD | ≈2.0% |
| Jan 2, 2025 | $0.14 | USD | ≈1.6% |
| Oct 7, 2024 | $0.14 | USD | ≈1.5% |
| Jul 1, 2024 | $0.14 | USD | ≈1.6% |
| Apr 12, 2024 | $0.14 | USD | ≈1.5% |
| Dec 29, 2023 | $0.14 | USD | ≈1.3% |
| Sep 29, 2023 | $0.14 | USD | ≈1.4% |
| Jun 30, 2023 | $0.14 | USD | ≈1.2% |
| Apr 14, 2023 | $0.13 | USD | ≈1.1% |
| Dec 30, 2022 | $0.13 | USD | ≈1.3% |
| Sep 30, 2022 | $0.13 | USD | ≈1.3% |
| Jul 1, 2022 | $0.13 | USD | ≈1.3% |
| Apr 14, 2022 | $0.12 | USD | ≈1.3% |
| Dec 31, 2021 | $0.12 | USD | ≈0.97% |
| Oct 1, 2021 | $0.12 | USD | ≈0.98% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.22 | $0.23 | -5.5% |
| March 31, 2026 | $0.02 | $-0.05 | 138.2% | |
| Dec. 31, 2025 | $0.05 | $0.11 | -53.4% | |
| Sept. 30, 2025 | $-0.03 | $0.14 | -121.4% | |
| June 30, 2025 | $0.11 | $0.05 | 122.2% | |
| March 31, 2025 | $-0.12 | $0.12 | -200.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.97B | $3.03B | $3.28B | $3.29B | $2.73B | $2.37B | $2.46B | $2.46B | $2.12B | $2.01B | $2.09B | |
| Operating Expenses | $2.96B | $2.96B | $3.11B | $2.97B | $2.43B | $2.14B | $2.24B | $2.23B | $1.97B | $1.88B | $1.89B | |
| Operating Income | $12M | $66M | $176M | $323M | $309M | $227M | $225M | $224M | $144M | $126M | $200M | |
| Interest Expense | · | · | $34M | $12M | $4M | $4M | $7M | $3M | $2M | $3M | $2M | |
| Interest Income | $6M | $7M | $7M | $2M | $1M | $2M | $3M | $3M | $3M | $4M | $3M | |
| Other Non-op | $385.0K | $162.0K | $-477.0K | $-388.0K | $-236.0K | $-163.0K | $-38.0K | $-376.0K | $-328.0K | $-191.0K | $-196.0K | |
| Pretax Income | $-21M | $42M | $148M | $325M | $346M | $225M | $222M | $224M | $145M | $127M | $201M | |
| Income Tax | $2M | $9M | $35M | $79M | $85M | $56M | $55M | $56M | $-58M | $48M | $77M | |
| Net Income | $-14M | $34M | $112M | $241M | $259M | $169M | $167M | $168M | $203M | $79M | $124M | |
| EPS (Basic) | $-0.24 | $0.55 | $1.77 | $3.76 | $3.84 | $2.45 | $2.40 | $2.35 | $2.81 | $1.10 | $1.72 | |
| EPS (Diluted) | $-0.24 | $0.55 | $1.76 | $3.74 | $3.82 | $2.44 | $2.38 | $2.33 | $2.80 | $1.09 | $1.71 | |
| Shares (Basic) | 60,607,000 | 62,450,000 | 63,374,000 | 64,125,000 | 67,434,000 | 69,018,000 | 69,567,000 | 71,694,000 | 72,270,000 | 72,057,000 | 71,957,000 | |
| Shares (Diluted) | 60,607,000 | 62,662,000 | 63,718,000 | 64,579,000 | 67,855,000 | 69,427,000 | 70,026,000 | 72,057,000 | 72,558,000 | 72,393,000 | 72,556,000 | |
| EBITDA | $12M | $66M | $176M | $323M | $309M | $227M | $225M | $224M | $144M | $126M | $200M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $60M | $41M | $62M | $107M | $54M | $29M | $26M | $34M | $14M | $17M | $32M | |
| Receivables | $395M | $392M | $445M | $519M | $461M | $341M | $323M | $338M | $304M | $261M | $251M | |
| Inventory | $12M | $14M | $18M | $15M | $11M | $12M | $9M | $10M | $12M | $13M | $16M | |
| Prepaid Expense | $57M | $54M | $54M | · | · | · | · | · | · | · | · | |
| Other Current Assets | $36M | $15M | $30M | $74M | $63M | $34M | $39M | $32M | $28M | $30M | $27M | |
| Current Assets | $613M | $542M | $635M | $763M | $631M | $457M | $466M | $457M | $400M | $373M | $380M | |
| PP&E (Net) | $1.79B | $1.93B | $1.97B | $1.83B | $1.61B | $1.54B | $1.53B | $1.49B | $1.35B | $1.36B | $1.15B | |
| PP&E (Gross) | $2.90B | $2.94B | $2.95B | $2.89B | $2.56B | $2.41B | $2.34B | $2.25B | $2.11B | $2.11B | $1.91B | |
| Accum. Depreciation | $1.11B | $1.01B | $979M | $1.06B | $945M | $862M | $817M | $760M | $767M | $747M | $754M | |
| Goodwill | $129M | $129M | $129M | $133M | $75M | $0 | · | · | · | · | · | |
| Intangibles | $45M | $76M | $86M | $82M | $55M | $0 | · | · | · | · | · | |
| Other Non-current Assets | $272M | $371M | $335M | $295M | $229M | $157M | $151M | $139M | $61M | $57M | $52M | |
| Total Assets | $2.89B | $3.05B | $3.16B | $3.10B | $2.60B | $2.16B | $2.14B | $2.08B | $1.81B | $1.79B | $1.59B | |
| Accounts Payable | $95M | $112M | $136M | $124M | $94M | $83M | $95M | $98M | $74M | $67M | $71M | |
| Accrued Liabilities | $16M | $19M | $30M | $20M | $29M | $25M | $11M | · | · | · | · | |
| Current Liabilities | $315M | $356M | $331M | $310M | $269M | $274M | $309M | $310M | $232M | $215M | $184M | |
| Capital Leases | $26M | $36M | $27M | $33M | $23M | $7M | $8M | · | · | · | · | |
| Deferred Tax | $266M | $270M | $320M | $313M | $268M | $238M | $250M | $233M | $195M | $293M | $246M | |
| Other Non-current Liabilities | $26M | $66M | $54M | $60M | $43M | $43M | $21M | $11M | $13M | $17M | $20M | |
| Total Liabilities | $1.50B | $1.56B | $1.59B | $1.61B | $1.24B | $962M | · | · | · | · | · | |
| Long-term Debt | $752M | $650M | $649M | $694M | $428M | $200M | · | · | · | · | · | |
| Total Debt | $752M | $650M | $649M | $694M | $428M | · | · | · | · | · | · | |
| Common Stock | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | |
| Retained Earnings | $1.90B | $1.95B | $1.95B | $1.88B | $1.67B | $1.44B | $1.29B | $1.41B | $1.27B | $1.08B | $1.02B | |
| Treasury Stock | $671M | $617M | $551M | $552M | $442M | $338M | $282M | $241M | $171M | $175M | $178M | |
| AOCI | $-16M | $-18M | $-10M | $-11M | $-21M | $-23M | $-15M | $-16M | $-16M | $-17M | $-13M | |
| Stockholders' Equity | $1.36B | $1.46B | $1.53B | $1.44B | $1.33B | $1.20B | $1.11B | $1.26B | $1.18B | $995M | $936M | |
| Liabilities + Equity | $2.89B | $3.05B | $3.16B | $3.10B | $2.60B | $2.16B | $2.14B | $2.08B | $1.81B | $1.79B | $1.59B | |
| Shares Outstanding | 59,869,405 | 61,850,434 | 63,444,681 | 63,223,003 | 65,790,112 | 67,931,726 | 69,244,525 | 70,441,973 | 72,409,222 | 72,166,969 | 71,998,750 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $11M | $9M | $12M | $12M | $11M | $9M | $8M | $7M | $5M | $2M | $4M | |
| Deferred Tax | $-3M | $-50M | $8M | $43M | $29M | $-10M | $16M | $38M | $-101M | $45M | $38M | |
| Amort. of Intangibles | $10M | $10M | $10M | $6M | $2M | $0 | · | · | · | · | · | |
| Operating Cash Flow | $182M | $330M | $474M | $449M | $333M | $446M | $427M | $418M | $283M | $310M | $370M | |
| CapEx | $250M | $414M | $599M | $507M | $371M | $413M | $421M | $520M | $316M | $538M | $454M | |
| Investing Cash Flow | $-172M | $-241M | $-435M | $-514M | $-397M | $-263M | $-272M | $-331M | $-184M | $-410M | $-336M | |
| Debt Issued | $425M | $205M | $50M | $370M | $250M | $0 | $275M | · | · | · | · | |
| Net Debt Issued | $105M | $-16M | $-40M | $270M | $250M | · | · | · | · | · | · | |
| Stock Repurchased | $56M | $67M | $0 | $110M | $104M | $57M | $42M | $72M | $0 | $0 | $6M | |
| Net Stock Activity | $-56M | $-67M | $0 | $-110M | $-104M | $-57M | $-42M | $-72M | $0 | $0 | $-6M | |
| Dividends Paid | $34M | $35M | $34M | $32M | $29M | $25M | $286M | $23M | $19M | $17M | $15M | |
| Financing Cash Flow | $7M | $-106M | $-87M | $118M | $90M | $-186M | $-155M | $-68M | $-101M | $83M | $-25M | |
| Net Change in Cash | $19M | $-21M | $-46M | $53M | $25M | $-4M | $-488.0K | $19M | $-2M | $-18M | $9M | |
| Taxes Paid | $39M | $26M | $18M | $40M | $81M | $54M | $50M | $11M | $22M | $5M | $35M | |
| Free Cash Flow | $-69M | $-84M | $-124M | $-59M | $-38M | $33M | $6M | $-102M | $-35M | $-225M | $-84M | |
| Levered FCF | · | · | $-150M | $-67M | $-41M | $30M | $739.6K | $-104M | $-38M | $-227M | $-85M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 0.39% | 2.2% | 5.4% | 9.8% | 11.3% | 9.6% | 9.2% | 9.1% | 6.8% | 6.3% | 9.6% | |
| Net Margin | -0.48% | 1.1% | 3.4% | 7.3% | 9.5% | 7.1% | 6.8% | 6.8% | 9.6% | 3.9% | 5.9% | |
| Pretax Margin | -0.70% | 1.4% | 4.5% | 9.9% | 12.7% | 9.5% | 9.0% | 9.1% | 6.8% | 6.3% | 9.6% | |
| EBITDA Margin | 0.39% | 2.2% | 5.4% | 9.8% | 11.3% | 9.6% | 9.2% | 9.1% | 6.8% | 6.3% | 9.6% | |
| ROA | -0.48% | 1.1% | 3.6% | 8.5% | 10.9% | 7.9% | 7.9% | 8.6% | 11.3% | 4.7% | 8.0% | |
| ROE | -1.0% | 2.4% | 7.4% | 17.1% | 20.3% | 14.5% | 15.3% | 13.4% | 18.6% | 8.2% | 14.0% | |
| ROIC | 0.61% | 2.5% | 6.2% | 11.4% | 13.3% | 14.3% | 15.3% | 13.3% | 17.0% | 7.9% | 13.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 1.5 | 1.9 | 2.5 | 2.3 | 1.7 | 1.5 | 1.5 | 1.7 | 1.7 | 2.2 | |
| Quick Ratio | 1.4 | 1.2 | 1.5 | 2.0 | 1.9 | 1.4 | 1.1 | 1.2 | 1.4 | 1.3 | 1.5 | |
| Debt / Equity | 0.6 | 0.4 | 0.4 | 0.5 | 0.3 | · | · | · | · | · | · | |
| LT Debt / Equity | 0.6 | 0.4 | 0.4 | 0.5 | 0.3 | · | · | · | · | · | · | |
| Interest Coverage | · | · | 5.3 | 27.3 | 69.9 | 54.0 | 32.9 | 83.2 | 64.1 | 48.9 | 101.5 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.0 | 1.0 | 1.2 | 1.1 | 1.1 | 1.2 | 1.3 | 1.2 | 1.2 | 1.4 | |
| Receivables Turnover | 7.6 | 7.2 | 6.8 | 6.7 | 6.8 | 7.1 | 7.5 | 7.7 | 7.5 | 7.8 | 8.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $22.76 | $23.54 | $24.09 | $22.83 | $20.18 | $17.59 | $16.04 | $17.95 | $16.36 | $13.78 | $13.00 | |
| Revenue / Share | $49.08 | $48.36 | $51.53 | $50.95 | $40.30 | $34.17 | $35.18 | $34.11 | $29.17 | $27.75 | $28.85 | |
| Cash Flow / Share | $3.00 | $5.26 | $7.44 | $6.95 | $4.90 | $6.42 | $6.09 | $5.80 | $3.88 | $4.32 | $5.10 | |
| Cash / Share | $1.00 | $0.66 | $0.97 | $1.70 | $0.82 | $0.43 | $0.38 | $0.48 | $0.19 | $0.23 | $0.44 | |
| Dividend / Share | $0.56 | $0.56 | $0.55 | $0.51 | $0.46 | $0.36 | $4.11 | $0.34 | $0.27 | $0.24 | $0.22 | |
| EPS (TTM) | $-0.24 | $0.55 | $1.76 | $3.74 | $3.82 | $2.44 | $2.38 | $2.33 | $2.80 | $1.09 | $1.71 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.8% | -7.7% | -0.20% | 20.3% | 15.3% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -3.3% | 3.5% | 11.5% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.6% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | -68.8% | -52.9% | -2.1% | 56.6% | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -47.6% | -10.3% | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | -69.5% | -53.4% | -6.9% | 53.2% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -49.1% | -12.7% | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.97B | $3.03B | $3.28B | $3.29B | $2.73B | $2.37B | $2.46B | $2.46B | $2.12B | $2.01B | $2.09B | |
| Net Income TTM | $-14M | $34M | $112M | $241M | $259M | $169M | $167M | $168M | $203M | $79M | $124M | |
| Market Cap | $1.80B | $2.22B | $2.69B | $2.55B | $3.14B | $2.66B | $2.52B | $2.08B | $2.80B | $1.94B | $1.68B | |
| Enterprise Value | $2.49B | $2.83B | $3.28B | $3.13B | $3.51B | · | · | · | · | · | · | |
| P/E | -125.0 | 65.3 | 24.1 | 10.8 | 12.5 | 16.1 | 15.3 | 12.7 | 13.8 | 24.7 | 13.7 | |
| P/S | 0.6 | 0.7 | 0.8 | 0.8 | 1.1 | 1.1 | 1.0 | 0.8 | 1.3 | 1.0 | 0.8 | |
| P/B | 1.3 | 1.5 | 1.8 | 1.8 | 2.4 | 2.2 | 2.3 | 1.6 | 2.4 | 2.0 | 1.8 | |
| P / Tangible Book | 1.5 | 1.8 | 2.0 | 2.1 | 2.6 | 2.2 | · | · | · | · | · | |
| P / Cash Flow | 9.9 | 6.7 | 5.7 | 5.7 | 9.4 | 6.0 | 5.9 | 5.0 | 9.9 | 6.2 | 4.5 | |
| P / FCF | -26.2 | -26.4 | -21.6 | -43.5 | -82.4 | 81.1 | 427.4 | -20.5 | -81.1 | -8.6 | -20.1 | |
| EV / EBITDA | 213.5 | 42.8 | 18.6 | 9.7 | 11.4 | · | · | · | · | · | · | |
| EV / FCF | -36.3 | -33.7 | -26.3 | -53.5 | -92.3 | · | · | · | · | · | · | |
| EV / Revenue | 0.8 | 0.9 | 1.0 | 1.0 | 1.3 | · | · | · | · | · | · | |
| Dividend Yield | 1.9% | 1.6% | 1.3% | 1.3% | 0.93% | 0.93% | 11.4% | 1.1% | 0.67% | 0.89% | 0.90% | |
| Earnings Yield | -0.80% | 1.5% | 4.2% | 9.3% | 8.0% | 6.2% | 6.5% | 7.9% | 7.2% | 4.0% | 7.3% | |
| Payout Ratio | -236.7% | 102.4% | 30.4% | 13.3% | 11.2% | 14.7% | 171.4% | 13.7% | 9.3% | 21.9% | 12.2% | |
| Annual Payout | $34M | $35M | $34M | $32M | $29M | $25M | $286M | $23M | $19M | $17M | $15M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $934M | $809M | $738M | $771M | $753M | $712M | $755M | $746M | $761M | $769M | $822M | $818M | $811M | $833M | $861M | $828M | |
| Operating Expenses | $917M | $805M | $773M | $785M | $687M | $718M | $741M | $728M | $741M | $753M | $784M | $780M | $764M | $779M | $773M | $751M | |
| Operating Income | $17M | $4M | $-36M | $-13M | $66M | $-6M | $13M | $18M | $20M | $16M | $38M | $38M | $47M | $53M | $88M | $76M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $8M | · | $9M | $8M | $8M | · | $3M | |
| Interest Income | $2M | $2M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $751.0K | $392.0K | |
| Other Non-op | $-117.0K | $98.0K | $128.0K | $-60.0K | $-51.0K | $368.0K | $-19.0K | $-50.0K | $-30.0K | $261.0K | $-100.0K | $-284.0K | $-86.0K | $-7.0K | $-112.0K | $-77.0K | |
| Pretax Income | $7M | $-6M | $-45M | $-22M | $59M | $-13M | $12M | $9M | $12M | $9M | $30M | $31M | $40M | $47M | $81M | $74M | |
| Income Tax | $2M | $-1M | $-9M | $-822.0K | $15M | $-3M | $910.0K | $2M | $3M | $3M | $7M | $7M | $10M | $11M | $20M | $18M | |
| Net Income | $6M | $-4M | $-28M | $-21M | $44M | $-10M | $12M | $7M | $9M | $6M | $24M | $24M | $30M | $35M | $60M | $55M | |
| EPS (Basic) | $0.11 | $-0.07 | $-0.46 | $-0.34 | $0.72 | $-0.16 | $0.19 | $0.11 | $0.15 | $0.10 | $0.37 | $0.37 | $0.47 | $0.56 | $0.95 | $0.87 | |
| EPS (Diluted) | $0.11 | $-0.07 | $-0.46 | $-0.34 | $0.72 | $-0.16 | $0.19 | $0.11 | $0.15 | $0.10 | $0.37 | $0.37 | $0.47 | $0.55 | $0.94 | $0.86 | |
| Shares (Basic) | 59,965,000 | 59,910,000 | · | 59,830,000 | 60,888,000 | 61,890,000 | · | 61,808,000 | 62,706,000 | 63,472,000 | · | 63,390,000 | 63,384,000 | 63,306,000 | · | 63,386,000 | |
| Shares (Diluted) | 60,240,000 | 59,910,000 | · | 59,830,000 | 61,001,000 | 61,890,000 | · | 62,022,000 | 62,860,000 | 63,727,000 | · | 63,737,000 | 63,687,000 | 63,695,000 | · | 63,782,000 | |
| EBITDA | $17M | $4M | · | $-13M | $66M | $-6M | · | $18M | $20M | $16M | · | $38M | $47M | $53M | · | $76M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $57M | $62M | $60M | $51M | $51M | $52M | $41M | $55M | $70M | $60M | · | $43M | $47M | $130M | · | $126M | |
| Receivables | $491M | $485M | $395M | $438M | $421M | $387M | $392M | $384M | $410M | $417M | · | $450M | $438M | $461M | · | $493M | |
| Inventory | $14M | $14M | $12M | $12M | $13M | $13M | $14M | $15M | $16M | $17M | · | $17M | $16M | $15M | · | $13M | |
| Prepaid Expense | $43M | $57M | $57M | $48M | $34M | $48M | $54M | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | $40M | $46M | $36M | $34M | $17M | $14M | $15M | $60M | $45M | $65M | · | $101M | $67M | $61M | · | $66M | |
| Current Assets | $675M | $703M | $613M | $605M | $559M | $539M | $542M | $547M | $578M | $597M | · | $645M | $609M | $710M | · | $731M | |
| PP&E (Net) | $1.83B | $1.90B | $1.79B | $1.86B | $1.88B | $1.87B | $1.93B | $2.02B | $1.96B | $1.93B | $1.97B | $1.99B | $1.94B | $1.85B | $1.83B | $1.72B | |
| PP&E (Gross) | $3.00B | $3.04B | $2.90B | $2.97B | $2.94B | $2.89B | $2.94B | $3.02B | $2.95B | $2.91B | · | $2.95B | $2.98B | $2.88B | · | $2.78B | |
| Accum. Depreciation | $1.16B | $1.14B | $1.11B | $1.11B | $1.07B | $1.03B | $1.01B | $1.00B | $992M | $983M | · | $966M | $1.03B | $1.02B | · | $1.06B | |
| Goodwill | $139M | $139M | $129M | $129M | $129M | $129M | $129M | $129M | $129M | $129M | · | $129M | $129M | $129M | $133M | $74M | |
| Intangibles | $63M | $65M | $45M | $69M | $71M | $74M | $76M | $79M | $81M | $84M | · | $89M | $92M | $94M | · | $51M | |
| Other Non-current Assets | $299M | $287M | $312M | $310M | $308M | $378M | $371M | $346M | $345M | $337M | · | $345M | $331M | $329M | · | $284M | |
| Total Assets | $3.16B | $3.26B | $2.89B | $2.97B | $2.95B | $2.99B | $3.05B | $3.12B | $3.09B | $3.08B | · | $3.19B | $3.11B | $3.12B | · | $2.86B | |
| Accounts Payable | $119M | $138M | $95M | $147M | $129M | $113M | $112M | $164M | $142M | $136M | · | $129M | $120M | $129M | · | $116M | |
| Accrued Liabilities | $8M | $18M | $16M | $19M | $18M | $14M | $19M | $22M | $23M | $22M | · | $28M | $19M | $20M | · | $32M | |
| Current Liabilities | $466M | $482M | $315M | $374M | $334M | $324M | $356M | $358M | $342M | $314M | · | $330M | $315M | $303M | · | $303M | |
| Capital Leases | $57M | $61M | $26M | $28M | $31M | $33M | $36M | $33M | $35M | $27M | · | $29M | $32M | $32M | · | $28M | |
| Deferred Tax | $275M | $276M | $266M | $277M | $260M | $257M | $270M | $292M | $308M | $323M | · | $337M | $322M | $313M | · | $281M | |
| Other Non-current Liabilities | $24M | $24M | $53M | $51M | $54M | $55M | $66M | $67M | $62M | $53M | · | $53M | $56M | $59M | · | $43M | |
| Total Liabilities | $1.78B | $1.88B | $1.50B | $1.54B | $1.49B | $1.51B | $1.56B | $1.63B | $1.60B | $1.52B | · | $1.64B | $1.57B | $1.61B | · | $1.43B | |
| Long-term Debt | $793M | $878M | $752M | $725M | $725M | $640M | $650M | $690M | $670M | $598M | · | $690M | $640M | $691M | · | $574M | |
| Total Debt | $793M | $878M | · | $725M | $725M | $640M | · | $690M | $670M | $598M | · | $690M | $640M | $691M | · | $574M | |
| Common Stock | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | $805.0K | · | $805.0K | $805.0K | $805.0K | · | $805.0K | |
| Retained Earnings | $1.89B | $1.89B | $1.90B | $1.94B | $1.97B | $1.93B | $1.95B | $1.95B | $1.95B | $1.95B | · | $1.94B | $1.92B | $1.90B | · | $1.82B | |
| Treasury Stock | $670M | $670M | $671M | $672M | $672M | $617M | $617M | $618M | $618M | $557M | · | $552M | $552M | $552M | · | $552M | |
| AOCI | $-12M | $-14M | $-16M | $-17M | $-18M | $-20M | $-18M | $-21M | $-14M | $-9M | · | $-9M | $-7M | $-9M | · | $-13M | |
| Stockholders' Equity | $1.36B | $1.35B | $1.36B | $1.40B | $1.42B | $1.44B | $1.46B | $1.45B | $1.46B | $1.52B | $1.53B | $1.51B | $1.50B | $1.47B | $1.44B | $1.39B | |
| Liabilities + Equity | $3.16B | $3.26B | $2.89B | $2.97B | $2.95B | $2.99B | $3.05B | $3.12B | $3.09B | $3.08B | · | $3.19B | $3.11B | $3.12B | · | $2.86B | |
| Shares Outstanding | 59,977,156 | 59,950,115 | 59,869,405 | 59,830,317 | 59,830,317 | 61,924,797 | 61,850,434 | 61,807,803 | 61,807,803 | 63,412,833 | · | 63,390,516 | 63,389,496 | 63,376,934 | · | 63,202,053 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $3M | $3M | $3M | $3M | |
| Deferred Tax | $-2M | $-4M | $-11M | $17M | $3M | $-12M | $-24M | $-15M | $-14M | $3M | $-16M | $15M | $9M | $-111.0K | $32M | $11M | |
| Amort. of Intangibles | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $1M | |
| Operating Cash Flow | $84M | $83M | $62M | $44M | $46M | $29M | $71M | $61M | $109M | $89M | $118M | $74M | $115M | $167M | $116M | $65M | |
| CapEx | $29M | $53M | $86M | $53M | $88M | $24M | $81M | $134M | $140M | $58M | $69M | $169M | $200M | $162M | $127M | $153M | |
| Investing Cash Flow | $8M | $-194M | $-72M | $-36M | $-66M | $2M | $-35M | $-87M | $-100M | $-19M | $-33M | $-122M | $-151M | $-129M | $-246M | $-99M | |
| Debt Issued | $64M | $4M | $25M | $5M | $145M | $250M | $5M | $50M | $150M | $0 | $0 | $50M | $0 | $0 | $120M | $130M | |
| Net Debt Issued | · | $-39M | · | · | · | $-10M | · | · | · | $-50M | · | · | · | $0 | · | · | |
| Stock Repurchased | · | · | $-9.0K | $0 | $56M | $0 | $-17.0K | $0 | $61M | $7M | $0 | $0 | $0 | $0 | $0 | $8M | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $-7M | · | · | · | $0 | · | · | |
| Dividends Paid | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $8M | |
| Financing Cash Flow | $-97M | $112M | $18M | $-9M | $19M | $-21M | $-49M | $11M | $3M | $-71M | $-67M | $44M | $-48M | $-16M | $111M | $105M | |
| Net Change in Cash | $-5M | $2M | $9M | $-436.0K | $-531.0K | $11M | $-14M | $-16M | $10M | $-1M | $19M | $-4M | $-83M | $22M | $-18M | $71M | |
| Taxes Paid | $793.0K | $2M | $-89.0K | $11.0K | $18M | $21M | $11M | $11M | $2M | $1M | $752.0K | $6M | $11M | $219.0K | $2M | $8M | |
| Free Cash Flow | · | $31M | · | · | · | $6M | · | · | · | $30M | · | · | · | $5M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $25M | · | · | · | $-910.2K | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 1.8% | 0.49% | · | -1.7% | 8.8% | -0.82% | · | 2.4% | 2.6% | 2.0% | · | 4.6% | 5.8% | 6.4% | · | 9.2% | |
| Net Margin | 0.68% | -0.53% | · | -2.7% | 5.9% | -1.4% | · | 0.88% | 1.2% | 0.82% | · | 2.9% | 3.7% | 4.2% | · | 6.7% | |
| Pretax Margin | 0.79% | -0.73% | · | -2.8% | 7.8% | -1.9% | · | 1.1% | 1.6% | 1.2% | · | 3.7% | 4.9% | 5.6% | · | 8.9% | |
| EBITDA Margin | 1.8% | 0.49% | · | -1.7% | 8.8% | -0.82% | · | 2.4% | 2.6% | 2.0% | · | 4.6% | 5.8% | 6.4% | · | 9.2% | |
| ROA | 0.21% | -0.14% | · | -0.68% | 1.5% | -0.33% | · | 0.21% | 0.31% | 0.20% | · | 0.78% | 1.0% | 1.2% | · | 2.1% | |
| ROE | 0.46% | -0.31% | · | -1.5% | 3.1% | -0.68% | · | 0.44% | 0.64% | 0.42% | · | 1.6% | 2.1% | 2.5% | · | 4.1% | |
| ROIC | 0.57% | 0.13% | · | -0.59% | 2.3% | -0.21% | · | 0.63% | 0.70% | 0.49% | · | 1.3% | 1.7% | 1.9% | · | 2.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 1.5 | · | 1.6 | 1.7 | 1.7 | · | 1.5 | 1.7 | 1.9 | · | 2.0 | 1.9 | 2.3 | · | 2.4 | |
| Quick Ratio | 1.2 | 1.1 | · | 1.3 | 1.4 | 1.4 | · | 1.2 | 1.4 | 1.5 | · | 1.5 | 1.5 | 1.9 | · | 2.0 | |
| Debt / Equity | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.4 | 0.5 | · | 0.4 | |
| LT Debt / Equity | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.4 | 0.5 | · | 0.4 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 2.0 | · | 4.4 | 5.8 | 6.7 | · | 27.5 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Receivables Turnover | 2.0 | 1.9 | · | 1.9 | 1.8 | 1.8 | · | 1.8 | 1.8 | 1.8 | · | 1.7 | 1.8 | 1.8 | · | 1.8 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $22.61 | $22.56 | · | $23.33 | $23.75 | $23.19 | · | $23.44 | $23.54 | $23.94 | · | $23.86 | $23.62 | $23.20 | · | $21.94 | |
| Revenue / Share | $15.50 | $13.50 | · | $12.89 | $12.35 | $11.51 | · | $12.02 | $12.10 | $12.07 | · | $12.83 | $12.74 | $13.07 | · | $12.98 | |
| Cash Flow / Share | · | $1.39 | · | · | · | $0.47 | · | · | · | $1.39 | · | · | · | $2.62 | · | · | |
| Cash / Share | $0.95 | $1.03 | · | $0.85 | $0.86 | $0.84 | · | $0.88 | $1.14 | $0.95 | · | $0.67 | $0.73 | $2.04 | · | $1.99 | |
| Dividend / Share | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | |
| EPS (TTM) | $-0.76 | $-0.15 | · | $0.41 | $0.86 | $0.29 | · | $0.73 | $0.99 | $1.31 | · | $2.33 | $2.82 | $3.47 | · | $3.94 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.25B | $3.07B | · | $2.99B | $2.97B | $2.97B | · | $3.10B | $3.17B | $3.22B | · | $3.32B | $3.33B | $3.36B | · | $3.19B | |
| Net Income TTM | $-46M | $-9M | · | $25M | $52M | $18M | · | $46M | $63M | $83M | · | $149M | $180M | $223M | · | $258M | |
| Market Cap | $2.62B | $1.76B | · | $1.57B | $1.64B | $1.81B | · | $2.39B | $2.21B | $2.48B | · | $2.47B | $2.80B | $2.88B | · | $2.38B | |
| Enterprise Value | $3.35B | $2.58B | · | $2.25B | $2.31B | $2.40B | · | $3.02B | $2.81B | $3.02B | · | $3.12B | $3.39B | $3.44B | · | $2.82B | |
| P/E | -57.4 | -196.1 | · | 64.2 | 31.8 | 101.0 | · | 52.9 | 36.2 | 29.9 | · | 16.7 | 15.7 | 13.1 | · | 9.5 | |
| P/S | 0.8 | 0.6 | · | 0.5 | 0.6 | 0.6 | · | 0.8 | 0.7 | 0.8 | · | 0.7 | 0.8 | 0.9 | · | 0.7 | |
| P/B | 1.9 | 1.3 | · | 1.1 | 1.2 | 1.3 | · | 1.6 | 1.5 | 1.6 | · | 1.6 | 1.9 | 2.0 | · | 1.7 | |
| P / Tangible Book | 2.3 | 1.5 | · | 1.3 | 1.3 | 1.5 | · | 1.9 | 1.8 | 1.9 | · | 1.9 | 2.2 | 2.3 | · | 1.9 | |
| P / Cash Flow | · | 21.1 | · | · | · | 61.8 | · | · | · | 28.0 | · | · | · | 17.3 | · | · | |
| EV / Revenue | 1.0 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 1.0 | 0.9 | 0.9 | · | 0.9 | 1.0 | 1.0 | · | 0.9 | |
| Dividend Yield | 1.3% | 1.9% | · | 2.2% | 2.1% | 1.9% | · | 1.5% | 1.6% | 1.4% | · | 1.4% | 1.2% | 1.1% | · | 1.4% | |
| Earnings Yield | -1.7% | -0.51% | · | 1.6% | 3.1% | 0.99% | · | 1.9% | 2.8% | 3.4% | · | 6.0% | 6.4% | 7.6% | · | 10.5% | |
| Payout Ratio | · | -196.7% | · | · | · | -85.8% | · | · | · | 140.7% | · | · | · | 23.3% | · | · | |
| Annual Payout | $34M | $34M | · | $34M | $35M | $35M | · | $35M | $36M | $35M | · | $34M | $33M | $32M | · | $32M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $2.97B | $3.03B | $3.28B | $3.29B | $2.73B |
| Operating Margin % | 0.39% | 2.2% | 5.4% | 9.8% | 11.3% |
| Net Income | $-14M | $34M | $112M | $241M | $259M |
| Diluted EPS | $-0.24 | $0.55 | $1.76 | $3.74 | $3.82 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | 0.4 | 0.4 | 0.5 | 0.3 |
| Current Ratio | 1.9 | 1.5 | 1.9 | 2.5 | 2.3 |
| Quick Ratio | 1.4 | 1.2 | 1.5 | 2.0 | 1.9 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-69M | $-84M | $-124M | $-59M | $-38M |
Institutional owners (13F) 291 filers · $3.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 69 (+8 vs prior Q) | 29 (+2 vs prior Q) | 102 (+22 vs prior Q) | 71 (+1 vs prior Q) | +5.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $453,788,462 | 10,405,606 | 14.37% | Shares |
| VANGUARD GROUP INC | $195,491,142 | 6,514,200 | 6.19% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $167,287,421 | 3,835,957 | 5.30% | Shares |
| FMR LLC | $164,223,242 | 3,765,725 | 5.20% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $162,424,268 | 3,724,473 | 5.14% | Shares |
| AMERICAN CENTURY COMPANIES INC | $132,940,288 | 3,048,390 | 4.21% | Shares |
| DEPRINCE RACE & ZOLLO INC | $130,439,952 | 2,991,056 | 4.13% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $117,868,105 | 2,702,777 | 3.73% | Shares |
| STATE STREET CORP | $115,003,320 | 2,637,086 | 3.64% | Shares |
| FIRST TRUST ADVISORS LP | $92,160,402 | 2,113,286 | 2.92% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $87,010,978 | 1,995,207 | 2.76% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $74,887,092 | 1,717,200 | 2.37% | Shares |
| GOLDMAN SACHS GROUP INC | $71,011,340 | 1,628,327 | 2.25% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $70,038,213 | 1,605,697 | 2.22% | Shares |
| Invesco Ltd. | $66,240,363 | 1,518,926 | 2.10% | Shares |
| Maple Rock Capital Partners Inc. | $59,578,543 | 1,366,167 | 1.89% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $57,456,786 | 1,317,514 | 1.82% | Shares |
| Allianz Asset Management GmbH | $48,547,437 | 1,113,218 | 1.54% | Shares |
| AMERIPRISE FINANCIAL INC | $38,153,079 | 874,870 | 1.21% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $38,083,000 | 873,270 | 1.21% | Shares |
| Russell Investments Group, Ltd. | $38,050,749 | 872,522 | 1.21% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $35,805,816 | 821,046 | 1.13% | Shares |
| MILLENNIUM MANAGEMENT LLC | $33,927,315 | 777,971 | 1.07% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $32,713,518 | 750,138 | 1.04% | Shares |
| Qube Research & Technologies Ltd | $30,322,600 | 695,313 | 0.96% | Shares |
| UBS Group AG | $27,958,065 | 641,093 | 0.89% | Shares |
| NORTHERN TRUST CORP | $27,877,037 | 639,235 | 0.88% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $27,053,725 | 620,356 | 0.86% | Shares |
| BANK OF AMERICA CORP /DE/ | $26,042,235 | 597,162 | 0.82% | Shares |
| MORGAN STANLEY | $25,177,620 | 577,334 | 0.80% | Shares |
| Nuveen, LLC | $24,679,336 | 565,910 | 0.78% | Shares |
| Penn Capital Management Company, LLC | $21,475,492 | 491,541 | 0.68% | Shares |
| Balyasny Asset Management L.P. | $18,649,250 | 427,637 | 0.59% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $18,552,043 | 425,408 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $17,630,782 | 404,283 | 0.56% | Shares |
| ROYCE & ASSOCIATES LP | $17,143,527 | 393,110 | 0.54% | Shares |
| Bank of New York Mellon Corp | $16,767,220 | 384,481 | 0.53% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $13,329,261 | 307,622 | 0.42% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $12,659,243 | 290,283 | 0.40% | Shares |
| Empowered Funds, LLC | $12,557,456 | 287,949 | 0.40% | Shares |
| Meros Investment Management, LP | $12,205,131 | 279,870 | 0.39% | Shares |
| BEACONLIGHT CAPITAL, LLC | $12,037,494 | 276,026 | 0.38% | Shares |
| CITADEL ADVISORS LLC | $11,413,784 | 261,724 | 0.36% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $11,172,838 | 256,199 | 0.35% | Shares |
| TWO SIGMA INVESTMENTS, LP | $10,103,957 | 231,689 | 0.32% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $10,101,166 | 231,625 | 0.32% | Shares |
| Public Sector Pension Investment Board | $8,981,174 | 205,943 | 0.28% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $8,930,892 | 204,790 | 0.28% | Shares |
| PINNACLE ASSOCIATES LTD | $8,646,216 | 198,262 | 0.27% | Shares |
| Creative Planning | $8,421,577 | 193,111 | 0.27% | Shares |
Company insiders 56 insiders · 34 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Derek J Leathers | CEO & Chairman | July 13, 2026 J | 491,087 | 8 | 0 | $31,604 |
| Christopher D Wikoff | Exec VP - Treasurer & CFO | May 9, 2026 F | 39,783 | 0 | 0 | $0 |
| John J Steele | Exec VP - Treasurer & CFO | Feb. 13, 2023 F | 79,161 | 0 | 0 | $0 |
| Nathan J Meisgeier | President and CLO | Feb. 23, 2026 F | 79,156 | 8 | 0 | $27,711 |
| Eric J Downing | Exec VP and COO | Feb. 23, 2026 F | 55,365 | 8 | 2 | $-73,646 |
| Jim S Schelble | Exec VP & Chief Admin Officer | June 12, 2026 S | 70,500 | 8 | 1 | $-11,338 |
| Daragh P Mahon | Executive Vice President & CIO | Feb. 23, 2026 F | 41,056 | 8 | 0 | $23,568 |
| Craig T Callahan | Exec VP-Chief Commercial Offcr | Feb. 23, 2026 F | 69,200 | 8 | 0 | $24,946 |
| James Lynn Johnson | Exec VP - Chief Acctg Officer | Feb. 23, 2026 F | 98,228 | 8 | 0 | $25,091 |
| Marty H Nordlund | Exec VP Strategic Partnerships | May 7, 2025 A | 60,909 | 0 | 0 | $0 |
| James A Mullen | Exec VP and General Counsel | Dec. 1, 2016 F | 45,620 | 0 | 0 | $0 |
| Gary L Werner | Vice Chairman | Feb. 12, 2016 D | 1,642,650 | 0 | 0 | $0 |
| Robert E Synowicki JR | Exec VP-Driver Resources | Dec. 1, 2015 F | 21,958 | 0 | 0 | $0 |
| Anthony M Decanti | VP-Analysis & Info Systems | Sept. 8, 2009 S | 1 | 0 | 0 | $0 |
| John P Story | Vice President of Van Network | July 27, 2009 S | 5 | 0 | 0 | $0 |
| Richard S Reiser | Exec VP-General Counsel | Aug. 11, 2008 M | 2,923 | 0 | 0 | $0 |
| Warren L Schollaert JR | Sr VP-Brokerage/Intermodal | July 31, 2008 A | 5,487 | 0 | 0 | $0 |
| Guy M Welton | Vice President - Operations | July 25, 2008 M | 1 | 0 | 0 | $0 |
| Craig M Stoffel | VP-VAS Global Logistics | July 24, 2008 M | 516 | 0 | 0 | $0 |
| Dwayne O Haug | Vice President - Maintenance | July 23, 2008 M | 0 | 0 | 0 | $0 |
| Larry P Williams | VP - Value Added Services | July 23, 2008 M | 344 | 0 | 0 | $0 |
| Lance E Dixon | VP-Mexico & Canada | July 22, 2008 M | 683 | 0 | 0 | $0 |
| Todd A Struble | VP-Flatbed/Ded Operations | July 22, 2008 M | 1 | 0 | 0 | $0 |
| Matthew E Parry | VP-TCU/Ded Operations | July 22, 2008 M | 987 | 0 | 0 | $0 |
| Steven Lee Phillips | Senior VP - Operations | July 22, 2008 M | 2,457 | 0 | 0 | $0 |
| Lee R Easton | Former Vice President - MIS | April 30, 2008 M | 1,044 | 0 | 0 | $0 |
| Daniel H Cushman | Former Sr Exec VP-Chf Mkg Ofcr | Feb. 12, 2008 M | 877 | 0 | 0 | $0 |
| Charles R Stevens | VP-Risk Mgmt & Corp Svcs. | Feb. 5, 2008 M | 1,753 | 0 | 0 | $0 |
| Duane D Henn | Former Vice President - Safety | Jan. 25, 2008 S | 0 | 0 | 0 | $0 |
| Chris C Neil | Vice President - Pricing | Nov. 29, 2007 A | 863 | 0 | 0 | $0 |
| Chad R Dittberner | VP-Dedicated Operations | Nov. 29, 2007 A | 0 | 0 | 0 | $0 |
| Daniel W Flynn | VP-Cust. Service & Development | Nov. 29, 2007 A | 645 | 0 | 0 | $0 |
| John W Frey | VP-Safety Oper. and Compliance | Nov. 29, 2007 A | 306 | 0 | 0 | $0 |
| Jeffrey S Paulsen | Vice President - Field Sales | Oct. 31, 2005 X | 0 | 0 | 0 | $0 |
| Martha Gayle Packer | Director | May 12, 2026 A | 6,731 | 0 | 0 | $0 |
| Michelle D. Greene | Director | May 12, 2026 A | 10,854 | 0 | 0 | $0 |
| Michelle Dye Livingstone | Director | May 12, 2026 A | 14,154 | 0 | 0 | $0 |
| Alexi Wellman | Director | May 12, 2026 A | 15,963 | 0 | 0 | $0 |
| Diane K Duren | Director | May 12, 2026 A | 30,007 | 0 | 0 | $0 |
| Scott C Arves | Director | May 12, 2026 A | 17,513 | 0 | 0 | $0 |
| Carmen A Tapio | Director | May 13, 2025 A | 15,003 | 0 | 0 | $0 |
| Kenneth M Bird | Director | May 9, 2023 A | 19,637 | 0 | 0 | $0 |
| Vikram Mansharamani | Director | May 10, 2022 A | 4,119 | 0 | 0 | $0 |
| Gerald H Timmerman | Director | May 11, 2021 A | 19,853 | 0 | 0 | $0 |
| Michael L Gallagher | Director | Aug. 21, 2020 F | 6,272 | 0 | 0 | $0 |
| Clarence L Werner | Director | June 8, 2020 S | 0 | 0 | 0 | $0 |
| Dwaine J Peetz JR | Director | May 12, 2020 A | 14,144 | 0 | 0 | $0 |
| Patrick J Jung | Director | May 12, 2020 A | 14,144 | 0 | 0 | $0 |
| Gregory L Werner | Director | Dec. 16, 2019 G | 3,310,617 | 0 | 0 | $0 |
| Duane K Sather | Director | Aug. 15, 2017 F | 13,528 | 0 | 0 | $0 |
| Michael L Steinbach | Director | Nov. 28, 2016 A | 5,000 | 0 | 0 | $0 |
| Jeffrey G Doll | Director | Feb. 26, 2004 S | 0 | 0 | 0 | $0 |
| Paul A Hoelting | · | Aug. 7, 2026 A | 2,058 | 0 | 0 | $0 |
| Jack A Holmes | · | July 27, 2026 J | 13,532 | 0 | 0 | $0 |
| Della M Sanders | · | May 1, 2008 M | 1,087 | 0 | 0 | $0 |
| Curtis G Werner | · | June 8, 2004 X | 1,679,139 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 56 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCI · Invesco Exchange-Traded Fund Trust … | 0.67% | 52,410 SH | Oct. 1, 2026 | Daily |
| RZV · Invesco Exchange-Traded Fund Trust | 0.59% | 47,700 SH | Oct. 1, 2026 | Daily |
| IYT · iShares Trust | 0.31% | 160,141 SH | Sept. 11, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.28% | 127,210 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.19% | 105,890 SH | Oct. 1, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.15% | 338,891 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.14% | 209,715 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.14% | 44,742 SH | Aug. 19, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.13% | 9,115 SH | Oct. 1, 2026 | Daily |
| TPOR · Direxion Shares ETF Trust | 0.13% | 595 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.12% | 4,270 NS | July 31, 2026 | N-PORT |
| SHPP · Pacer Funds Trust | 0.12% | 64 NS | July 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.11% | 441,347 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.11% | 40,006 NS | July 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.10% | 5,377 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 16,128 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.08% | 349,474 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.08% | 1,557,012 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.08% | 18,942 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 29,077 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.06% | 873,242 SH | Aug. 19, 2026 | Daily |
| FBCV · FIDELITY COVINGTON TRUST | 0.06% | 2,795 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.06% | 40,280 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.05% | 205,549 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 5,882 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.04% | 72,928 SH | Aug. 19, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.03% | 19,943 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 687,971 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 1,375,577 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 2,287 SH | Oct. 1, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 89,977 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 3,683 SH | Sept. 11, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.02% | 930 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 10,296 SH | Aug. 19, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.02% | 319 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 41,662 SH | Oct. 1, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.01% | 50,961 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 10,630 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 149,682 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.01% | 239,787 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 14,692 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 88,336 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 1,944 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 18,395 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 16,828 SH | Sept. 10, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 1,737 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,907,176 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 47,810 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 5,046 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 13,354 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 3,656,527 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 534,986 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 479,233 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 8,262 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 2,702 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 14,769 SH | Aug. 19, 2026 | Daily |
WERN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
15 analysts · 2026-09-30Mean target $43.20 +22.2%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WERN | $1.80B | -125.0 | -1.8% | -0.48% | -1.0% | · |
| R | $7.54B | 16.0 | 0.23% | 3.9% | 16.3% | · |
| LSTR | · | 44.1 | -1.6% | 2.4% | 13.0% | · |
| SNDR | · | 45.0 | 7.2% | 1.8% | 3.4% | · |
| RXO | $2.07B | -21.4 | 26.2% | -1.7% | -6.4% | · |
| ARCB | · | 28.3 | -4.0% | 1.5% | 4.6% | · |
| MRTN | $928M | 54.2 | -8.3% | 2.0% | 2.3% | · |
| HTLD | $699M | -13.5 | -23.1% | -6.5% | -6.8% | · |
| CVLG | · | 81.6 | 2.9% | 0.62% | 1.8% | · |
| ULH | $400M | -4.0 | -15.6% | -6.4% | -16.7% | · |
| PAMT | $253M | -4.9 | -16.3% | -8.8% | -23.1% | · |
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