Werner Enterprises Inc (WERN)

Net 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
Net income (ttm)	US$ in thousands	112,382	148,975	180,322	222,731	241,256	257,857	266,567	266,309	259,052	242,841	225,412	192,512	169,078	157,018	149,730	153,916	166,944	173,011	181,481	176,427
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
Net profit margin		3.42%	4.48%	5.41%	6.63%	7.33%	8.07%	8.69%	9.24%	9.47%	9.38%	9.10%	8.03%	7.13%	6.62%	6.23%	6.26%	6.78%	6.95%	7.26%	7.08%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $112,382K ÷ $3,283,499K
= 3.42%

The net profit margin of Werner Enterprises, Inc. has been gradually decreasing over the past eight quarters, indicating a trend of diminishing profitability. The margin declined from 9.24% in Q1 2022 to 3.42% in Q4 2023. This downward trend suggests that the company's ability to convert revenue into profit has weakened over time. Factors such as increasing costs, pricing pressures, or inefficiencies in operations may be contributing to this decline in net profit margin. Werner Enterprises, Inc. may need to closely evaluate its cost structure and operational efficiency to reverse this trend and improve its profitability in the future.