Q4 25 EPS
$0.05
MISS 52.34%
Est. $0.10
Q4 25 Revenue
$737.6M
MISS 3.08%
Est. $761.1M
vs S&P Since Q4 25
+24.4%
BEATING MARKET
WERN +32.4% vs S&P +8.0%
Full Year 2025 Results
FY 25 EPS
$-0.02
MISS 133.61%
Est. $0.06
FY 25 Revenue
$2.97B
MISS 0.80%
Est. $3.00B
Market Reaction
Did WERN Beat Earnings? Q4 2025 Results
Werner Enterprises delivered a disappointing fourth quarter, missing on both the top and bottom lines as a sweeping restructuring charge weighed heavily on results. The Omaha-based trucking company posted adjusted EPS of $0.05, falling 50% short of t… Read more Werner Enterprises delivered a disappointing fourth quarter, missing on both the top and bottom lines as a sweeping restructuring charge weighed heavily on results. The Omaha-based trucking company posted adjusted EPS of $0.05, falling 50% short of the $0.10 consensus estimate, while revenue of $737.63 million trailed expectations by 3.14% and slid 2.3% year over year. The primary culprit was a $44.20 million restructuring charge tied to the company's One-Way Truckload overhaul, which included $21.70 million in intangible asset impairments and $21.00 million in equipment write-downs as Werner exited unprofitable regional and short-haul freight to pivot toward specialized and expedited capacity. On a GAAP basis, Werner swung to a net loss of $27.79 million from a $11.89 million profit a year ago. Dedicated trucking provided some relief, with fleet size reaching 4,850 trucks and now comprising 68% of the total TTS fleet. Looking ahead, the January 2026 closing of the $282.80 million FirstFleet acquisition is expected to drive TTS average truck count growth of 23% to 28% in 2026, offering investors a potential path to recovery even as near-term margin pressure persists.
Key Takeaways
- • Dedicated revenue growth supported by increased fleet size and customer retention
- • One-Way Truckload fleet reduction as part of strategic realignment toward specialized, higher-margin services
- • Intermodal revenue surged 24% on 22% more shipments
- • Truckload Brokerage margin compression due to rising purchased transportation costs
- • Q4 2025 restructuring charge of $44.2 million, primarily non-cash
- • Lower gains on sales of property and equipment year over year
WERN YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
WERN Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fourth quarter results reflect both the challenges and progress made during a difficult operating year. Dedicated revenue continued to grow, supported by increased fleet size and customer retention, and the recently announced acquisition of FirstFleet positions Werner for further sustainable, profitable growth.”
— Derek Leathers, Q4 2025 Earnings Press Release
WERN Earnings Trends
WERN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WERN EPS Trend
Earnings per share: estimate vs actual
WERN Revenue Trend
Quarterly revenue: estimate vs actual
WERN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.06 | $0.02 | +132.10% | $808.6M | -0.65% |
| Q4 25 MISS FY | $0.10 | $0.05 | -52.34% | $737.6M | -3.08% |
| FY Full Year | $0.06 | $-0.02 | -133.61% | $2.97B | -0.80% |
| Q3 25 MISS | $0.13 | $-0.03 | -122.68% | $771.5M | +1.14% |
| Q2 25 BEAT | $0.05 | $0.11 | +124.49% | $753.1M | +2.57% |
| Q1 25 MISS | $0.12 | $-0.12 | -203.72% | $712.1M | -3.67% |