Werner Enterprises Inc (WERN)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	242,695	221,231	271,226	329,189	389,689	462,875	488,200	507,113	521,587	518,515	510,398	498,467	477,934	474,471	473,557	468,124	460,895	441,003	429,547	426,447
Revenue (ttm)	US$ in thousands	3,030,258	3,097,524	3,169,567	3,219,865	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
Gross profit margin		8.01%	7.14%	8.56%	10.22%	11.87%	13.93%	14.65%	15.10%	15.85%	16.24%	16.63%	17.29%	17.48%	18.32%	19.12%	19.54%	19.43%	18.58%	17.89%	17.33%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $242,695K ÷ $3,030,258K
= 8.01%

Werner Enterprises Inc's gross profit margin has shown a declining trend over the period from March 31, 2020, to December 31, 2024. The margin started at 17.33% in March 2020, gradually increasing to its peak of 19.54% by March 31, 2021. However, from there, it began to decrease steadily, with occasional fluctuations.

The company's gross profit margin declined to 15.10% by March 31, 2023, dropping further to 8.56% by June 30, 2024, and reaching its lowest point of 7.14% by September 30, 2024. There was a slight improvement in the margin to 8.01% by December 31, 2024.

The declining trend in Werner Enterprises Inc's gross profit margin indicates that the company may be facing challenges in maintaining profitability and efficiently managing its cost of goods sold. It is essential for the company to closely monitor and address factors impacting its gross profit margin to sustain long-term financial health and stability.