Werner Enterprises Inc (WERN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,039,960 | 1,031,800 | 908,980 | 1,023,330 | 1,026,640 |
| Revenue | US$ in thousands | 3,283,500 | 3,289,980 | 2,734,370 | 2,372,180 | 2,463,700 |
| Gross profit margin | 31.67% | 31.36% | 33.24% | 43.14% | 41.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,039,960K ÷ $3,283,500K
= 31.67%
The gross profit margin of Werner Enterprises, Inc. has remained steady at 100.00% for the past five years, indicating that the company has consistently been able to generate revenue above the cost of goods sold. This implies that Werner Enterprises has been effectively managing its production and operating costs, allowing them to retain a higher proportion of revenue from sales. A gross profit margin of 100.00% suggests strong pricing strategies, efficient production processes, and effective cost control measures, which are all positive indicators of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023