Werner Enterprises Inc (WERN)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,039,957	1,053,390	1,041,139	1,039,422	1,031,701	1,021,404	995,817	1,023,782	1,036,796	1,393,133	1,430,564	1,393,258	1,356,453	1,357,938	1,350,146	1,371,025	1,383,407	1,407,985	1,425,252	1,412,094
Revenue (ttm)	US$ in thousands	3,283,499	3,323,045	3,332,907	3,358,087	3,289,978	3,193,708	3,068,993	2,882,531	2,734,372	2,589,453	2,476,776	2,395,921	2,372,178	2,373,663	2,401,713	2,460,287	2,463,701	2,488,279	2,499,750	2,491,347
Gross profit margin		31.67%	31.70%	31.24%	30.95%	31.36%	31.98%	32.45%	35.52%	37.92%	53.80%	57.76%	58.15%	57.18%	57.21%	56.22%	55.73%	56.15%	56.58%	57.02%	56.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,039,957K ÷ $3,283,499K
= 31.67%

The gross profit margin of Werner Enterprises, Inc. has remained consistently at 100% for the past eight quarters, indicating that the company is effectively managing its production costs and generating healthy profits from its revenue. This high level of gross profit margin suggests that Werner Enterprises is operating efficiently and effectively in controlling its production expenses relative to its revenue. This stability in the gross profit margin over multiple quarters indicates strong cost management practices and a potentially competitive position in its industry.