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Side-by-side financial comparison of PAMT CORP (PAMT) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
WERNER ENTERPRISES INC is the larger business by last-quarter revenue ($719.9M vs $141.3M, roughly 5.1× PAMT CORP). WERNER ENTERPRISES INC runs the higher net margin — -3.9% vs -20.7%, a 16.8% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (-2.3% vs -15.1%). WERNER ENTERPRISES INC produced more free cash flow last quarter ($-23.5M vs $-25.0M). Over the past eight quarters, WERNER ENTERPRISES INC's revenue compounded faster (-2.0% CAGR vs -12.0%).
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
PAMT vs WERN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $719.9M |
| Net Profit | $-29.3M | $-27.8M |
| Gross Margin | — | — |
| Operating Margin | -27.0% | -5.0% |
| Net Margin | -20.7% | -3.9% |
| Revenue YoY | -15.1% | -2.3% |
| Net Profit YoY | 7.4% | -333.7% |
| EPS (diluted) | $-1.38 | $-0.46 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $141.3M | $719.9M | ||
| Q3 25 | $150.3M | $752.2M | ||
| Q2 25 | $151.1M | $734.1M | ||
| Q1 25 | $155.3M | $693.4M | ||
| Q4 24 | $166.5M | $736.6M | ||
| Q3 24 | $182.6M | $726.3M | ||
| Q2 24 | $182.9M | $742.7M | ||
| Q1 24 | $182.6M | $749.5M |
| Q4 25 | $-29.3M | $-27.8M | ||
| Q3 25 | $-5.6M | $-20.6M | ||
| Q2 25 | $-9.6M | $44.1M | ||
| Q1 25 | $-8.1M | $-10.1M | ||
| Q4 24 | $-31.6M | $11.9M | ||
| Q3 24 | $2.4M | $6.6M | ||
| Q2 24 | $-2.9M | $9.5M | ||
| Q1 24 | $281.0K | $6.3M |
| Q4 25 | -27.0% | -5.0% | ||
| Q3 25 | -3.8% | -1.7% | ||
| Q2 25 | -7.3% | 9.0% | ||
| Q1 25 | -5.9% | -0.8% | ||
| Q4 24 | -22.6% | 1.8% | ||
| Q3 24 | 1.3% | 2.4% | ||
| Q2 24 | -0.4% | 2.6% | ||
| Q1 24 | -0.4% | 2.1% |
| Q4 25 | -20.7% | -3.9% | ||
| Q3 25 | -3.7% | -2.7% | ||
| Q2 25 | -6.4% | 6.0% | ||
| Q1 25 | -5.2% | -1.5% | ||
| Q4 24 | -19.0% | 1.6% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | -1.6% | 1.3% | ||
| Q1 24 | 0.2% | 0.8% |
| Q4 25 | $-1.38 | $-0.46 | ||
| Q3 25 | $-0.27 | $-0.34 | ||
| Q2 25 | $-0.46 | $0.72 | ||
| Q1 25 | $-0.37 | $-0.16 | ||
| Q4 24 | $-1.44 | $0.19 | ||
| Q3 24 | $0.11 | $0.11 | ||
| Q2 24 | $-0.13 | $0.15 | ||
| Q1 24 | $0.01 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.7M | $59.9M |
| Total DebtLower is stronger | $333.9M | $752.0M |
| Stockholders' EquityBook value | $210.5M | $1.4B |
| Total Assets | $697.9M | $2.9B |
| Debt / EquityLower = less leverage | 1.59× | 0.55× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.7M | $59.9M | ||
| Q3 25 | $115.6M | $51.0M | ||
| Q2 25 | $117.3M | $51.4M | ||
| Q1 25 | $102.7M | $52.0M | ||
| Q4 24 | $110.7M | $40.8M | ||
| Q3 24 | $92.3M | $54.7M | ||
| Q2 24 | $114.0M | $70.4M | ||
| Q1 24 | $125.8M | $60.3M |
| Q4 25 | $333.9M | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | $325.6M | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M | ||
| Q1 24 | — | $597.5M |
| Q4 25 | $210.5M | $1.4B | ||
| Q3 25 | $239.5M | $1.4B | ||
| Q2 25 | $244.9M | $1.4B | ||
| Q1 25 | $269.6M | $1.4B | ||
| Q4 24 | $277.5M | $1.5B | ||
| Q3 24 | $308.9M | $1.4B | ||
| Q2 24 | $306.7M | $1.5B | ||
| Q1 24 | $314.6M | $1.5B |
| Q4 25 | $697.9M | $2.9B | ||
| Q3 25 | $715.2M | $3.0B | ||
| Q2 25 | $707.9M | $2.9B | ||
| Q1 25 | $712.6M | $3.0B | ||
| Q4 24 | $741.7M | $3.1B | ||
| Q3 24 | $756.7M | $3.1B | ||
| Q2 24 | $733.5M | $3.1B | ||
| Q1 24 | $746.4M | $3.1B |
| Q4 25 | 1.59× | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 1.17× | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.39× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.8M | $62.3M |
| Free Cash FlowOCF − Capex | $-25.0M | $-23.5M |
| FCF MarginFCF / Revenue | -17.7% | -3.3% |
| Capex IntensityCapex / Revenue | 13.6% | 11.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.4M | $-68.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $62.3M | ||
| Q3 25 | $5.9M | $44.1M | ||
| Q2 25 | $12.2M | $46.0M | ||
| Q1 25 | $5.0M | $29.4M | ||
| Q4 24 | $15.2M | $71.0M | ||
| Q3 24 | $15.5M | $61.0M | ||
| Q2 24 | $18.7M | $109.1M | ||
| Q1 24 | $9.6M | $88.6M |
| Q4 25 | $-25.0M | $-23.5M | ||
| Q3 25 | $2.5M | $-8.6M | ||
| Q2 25 | $5.9M | $-42.3M | ||
| Q1 25 | $-6.8M | $5.9M | ||
| Q4 24 | $-39.9M | $-9.8M | ||
| Q3 24 | $-33.6M | $-73.4M | ||
| Q2 24 | $4.1M | $-31.2M | ||
| Q1 24 | $-12.2M | $30.4M |
| Q4 25 | -17.7% | -3.3% | ||
| Q3 25 | 1.7% | -1.1% | ||
| Q2 25 | 3.9% | -5.8% | ||
| Q1 25 | -4.4% | 0.8% | ||
| Q4 24 | -24.0% | -1.3% | ||
| Q3 24 | -18.4% | -10.1% | ||
| Q2 24 | 2.2% | -4.2% | ||
| Q1 24 | -6.7% | 4.0% |
| Q4 25 | 13.6% | 11.9% | ||
| Q3 25 | 2.3% | 7.0% | ||
| Q2 25 | 4.2% | 12.0% | ||
| Q1 25 | 7.6% | 3.4% | ||
| Q4 24 | 33.1% | 11.0% | ||
| Q3 24 | 26.9% | 18.5% | ||
| Q2 24 | 8.0% | 18.9% | ||
| Q1 24 | 12.0% | 7.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | 6.44× | 9.30× | ||
| Q2 24 | — | 11.52× | ||
| Q1 24 | 34.11× | 14.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
