Werner Enterprises Inc (WERN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	112,382	241,256	259,052	169,078	166,944
Revenue	US$ in thousands	3,283,500	3,289,980	2,734,370	2,372,180	2,463,700
Net profit margin		3.42%	7.33%	9.47%	7.13%	6.78%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $112,382K ÷ $3,283,500K
= 3.42%

The net profit margin of Werner Enterprises, Inc. has displayed fluctuations over the past five years. In 2023, the net profit margin stood at 3.42%, representing a decrease from the previous year. This downward trend contrasts with the higher margins reported in 2022 and 2021, where the company achieved margins of 7.33% and 9.47%, respectively. In 2020 and 2019, Werner Enterprises, Inc. reported margins of 7.13% and 6.78%, respectively, demonstrating relative stability in profitability during those years. It is essential for stakeholders to further investigate the factors contributing to the recent decline in the company's net profit margin to assess its financial performance and sustainability.