Werner Enterprises Inc (WERN)

Operating 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
Operating income (ttm)	US$ in thousands	176,416	226,865	265,226	292,951	323,076	333,183	328,246	330,186	309,146	292,109	282,888	258,843	227,438	211,641	202,895	208,519	225,472	234,749	244,778	237,119
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
Operating profit margin		5.37%	6.83%	7.96%	8.72%	9.82%	10.43%	10.70%	11.45%	11.31%	11.28%	11.42%	10.80%	9.59%	8.92%	8.45%	8.48%	9.15%	9.43%	9.79%	9.52%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $176,416K ÷ $3,283,499K
= 5.37%

The operating profit margin of Werner Enterprises, Inc. has shown a decreasing trend over the past eight quarters. In Q1 2022, the operating profit margin was at its highest point of 11.20%, but since then, it has experienced a consistent decline. This downward trend continued into Q4 2023, where the operating profit margin stood at 4.99%.

The company's operating profit margin peaked in Q1 2022 at 11.20% and has gradually decreased to 4.99% in Q4 2023. This decline may signify challenges in managing operating expenses or maintaining profitability amidst changing market conditions. It is important for the company to closely monitor its cost structure and revenue generation to improve and stabilize its operating profit margin in the future.