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.