WERNWERNER ENTERPRISES INC
Trucking (no Local)
- Revenue
- $2.9B
- 1.9% YoY
- Operating margin
- 0.4%
- 82% YoY
- EBITDA
- $288M
- 17% YoY
- Market cap
- $1.7B
- Employees
- 1,251
- $2M revenue each
- Net debt / EBITDA
- 1.8×
- $517M net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo49% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M per employeeBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 40th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.8× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.7B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$140K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.7B | $3.2B | $3.2B | $3.0B | $2.9B | 1.9% |
| Operating income | $309M | $323M | $176M | $66M | $12M | 82% |
| Net income | $259M | $241M | $112M | $34M | −$14M | 142% |
| Operating cash flow | $333M | $449M | $474M | $330M | $182M | 45% |
| Capex | $371M | $507M | $599M | $414M | $250M | 39% |
| Stock-based comp | $11M | $12M | $12M | $9M | $11M | 21% |
| Buybacks | $104M | $110M | $0 | $67M | $56M | 17% |
| Dividends | $29M | $32M | $34M | $35M | $34M | 2.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $140K · 3
- Net
- −$140K
Pay vs performance
No pay-versus-performance disclosure yet.