Werner Enterprises Inc. (WERN) intrinsic value & 10-year financials
Werner Enterprises Inc. (WERN) has a Graham intrinsic value of $7.98 per share. At $32.81 on Oct 17, 2026, the stock trades 311% above that value. Over the last 10 fiscal years revenue grew 4.2% a year to $2.9B, with an average return on invested capital of 9.5%.
- Graham intrinsic value
- $7.98
- Share price (Oct 17, 2026)
- $32.81
- Price vs Graham value
- 311% above
- Market cap
- $2.0B
- Revenue (FY2025)
- $2.9B
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 9.5%
- Free cash flow (FY2025)
- -$68.5M
WERN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | -$14.4M | -$0.24 | -$68.5M | 0.4% | 0.6% |
| FY2024 | $3.0B | $34.2M | $0.55 | -$84.1M | 2.2% | 2.5% |
| FY2023 | $3.2B | $112.4M | $1.76 | -$124.4M | 5.5% | 6.4% |
| FY2022 | $3.2B | $241.3M | $3.74 | -$58.5M | 10.0% | 12.8% |
| FY2021 | $2.7B | $259.1M | $3.82 | -$38.0M | 11.3% | 15.1% |
| FY2020 | $2.4B | $169.1M | $2.44 | $32.8M | 9.6% | 13.9% |
| FY2019 | $2.5B | $166.9M | $2.38 | $5.9M | 9.2% | 15.5% |
| FY2018 | $2.5B | $168.1M | $2.33 | -$101.7M | 9.1% | — |
| FY2017 | $2.1B | $202.9M | $2.80 | -$34.5M | 6.8% | — |
| FY2016 | $2.0B | $79.1M | $1.09 | -$225.4M | 6.3% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WERNER ENTERPRISES INC has demonstrated mature, steady growth, with revenue compounding at 4.2% annually over the past decade.
WERNER ENTERPRISES INC returns on capital have been average, hovering around 9.5% ROIC over the decade.
Over the decade, WERNER ENTERPRISES INC shows that management has aggressively returned capital to shareholders by retiring 16.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WERNER ENTERPRISES INC is modeled at 4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.98 per share.