Werner Enterprises Inc (WERN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 176,416 | 323,076 | 309,146 | 227,438 | 225,472 |
| Revenue | US$ in thousands | 3,283,500 | 3,289,980 | 2,734,370 | 2,372,180 | 2,463,700 |
| Operating profit margin | 5.37% | 9.82% | 11.31% | 9.59% | 9.15% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $176,416K ÷ $3,283,500K
= 5.37%
The operating profit margin of Werner Enterprises, Inc. has shown a decreasing trend over the past five years. In 2021, the operating profit margin was at its peak at 11.31%, but it decreased to 9.59% in 2020 and further dropped to 7.92% in 2022. The most recent data for 2023 indicates a lower operating profit margin of 4.99%.
This declining trend in the operating profit margin suggests that the company's profitability from its core operations has been reducing over the years. It may indicate challenges in controlling costs, maintaining pricing power, or managing operating expenses effectively.
Further analysis of the company's cost structure, revenue streams, and overall business operations is warranted to understand the underlying factors contributing to the decline in the operating profit margin and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023