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Side-by-side financial comparison of VORNADO REALTY TRUST (VNO) 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 ($808.6M vs $459.1M, roughly 1.8× VORNADO REALTY TRUST). WERNER ENTERPRISES INC runs the higher net margin — -0.5% vs -5.0%, a 4.4% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (13.6% vs -0.5%). Over the past eight quarters, WERNER ENTERPRISES INC's revenue compounded faster (4.3% CAGR vs 1.0%).

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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.

VNO vs WERN — Head-to-Head

Bigger by revenue
WERN
WERN
1.8× larger
WERN
$808.6M
$459.1M
VNO
Growing faster (revenue YoY)
WERN
WERN
+14.1% gap
WERN
13.6%
-0.5%
VNO
Higher net margin
WERN
WERN
4.4% more per $
WERN
-0.5%
-5.0%
VNO
Faster 2-yr revenue CAGR
WERN
WERN
Annualised
WERN
4.3%
1.0%
VNO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
VNO
VNO
WERN
WERN
Revenue
$459.1M
$808.6M
Net Profit
$-22.8M
$-4.3M
Gross Margin
Operating Margin
75.5%
Net Margin
-5.0%
-0.5%
Revenue YoY
-0.5%
13.6%
Net Profit YoY
689.3%
57.8%
EPS (diluted)
$-0.07

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.

Revenue
VNO
VNO
WERN
WERN
Q1 26
$459.1M
$808.6M
Q4 25
$453.7M
$719.9M
Q3 25
$453.7M
$752.2M
Q2 25
$441.4M
$734.1M
Q1 25
$461.6M
$693.4M
Q4 24
$457.8M
$736.6M
Q3 24
$443.3M
$726.3M
Q2 24
$450.3M
$742.7M
Net Profit
VNO
VNO
WERN
WERN
Q1 26
$-22.8M
$-4.3M
Q4 25
$4.9M
$-27.8M
Q3 25
$27.1M
$-20.6M
Q2 25
$759.3M
$44.1M
Q1 25
$102.4M
$-10.1M
Q4 24
$5.8M
$11.9M
Q3 24
$-3.6M
$6.6M
Q2 24
$50.8M
$9.5M
Operating Margin
VNO
VNO
WERN
WERN
Q1 26
75.5%
Q4 25
2.8%
-5.0%
Q3 25
3.0%
-1.7%
Q2 25
9.0%
Q1 25
23.2%
-0.8%
Q4 24
2.5%
1.8%
Q3 24
-3.3%
2.4%
Q2 24
10.1%
2.6%
Net Margin
VNO
VNO
WERN
WERN
Q1 26
-5.0%
-0.5%
Q4 25
1.1%
-3.9%
Q3 25
6.0%
-2.7%
Q2 25
172.0%
6.0%
Q1 25
22.2%
-1.5%
Q4 24
1.3%
1.6%
Q3 24
-0.8%
0.9%
Q2 24
11.3%
1.3%
EPS (diluted)
VNO
VNO
WERN
WERN
Q1 26
$-0.07
Q4 25
$0.01
$-0.46
Q3 25
$0.06
$-0.34
Q2 25
$3.70
$0.72
Q1 25
$0.43
$-0.16
Q4 24
$0.01
$0.19
Q3 24
$-0.10
$0.11
Q2 24
$0.18
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VNO
VNO
WERN
WERN
Cash + ST InvestmentsLiquidity on hand
$1.1B
$61.5M
Total DebtLower is stronger
$878.2M
Stockholders' EquityBook value
$6.0B
$1.4B
Total Assets
$15.9B
$3.3B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNO
VNO
WERN
WERN
Q1 26
$1.1B
$61.5M
Q4 25
$840.9M
$59.9M
Q3 25
$1.0B
$51.0M
Q2 25
$1.2B
$51.4M
Q1 25
$568.9M
$52.0M
Q4 24
$733.9M
$40.8M
Q3 24
$783.6M
$54.7M
Q2 24
$872.6M
$70.4M
Total Debt
VNO
VNO
WERN
WERN
Q1 26
$878.2M
Q4 25
$2.3B
$752.0M
Q3 25
$2.3B
$725.0M
Q2 25
$2.1B
$725.0M
Q1 25
$2.1B
$640.0M
Q4 24
$2.6B
$650.0M
Q3 24
$2.6B
$690.0M
Q2 24
$2.6B
$670.0M
Stockholders' Equity
VNO
VNO
WERN
WERN
Q1 26
$6.0B
$1.4B
Q4 25
$6.0B
$1.4B
Q3 25
$6.1B
$1.4B
Q2 25
$6.1B
$1.4B
Q1 25
$5.3B
$1.4B
Q4 24
$5.2B
$1.5B
Q3 24
$5.3B
$1.4B
Q2 24
$5.6B
$1.5B
Total Assets
VNO
VNO
WERN
WERN
Q1 26
$15.9B
$3.3B
Q4 25
$15.5B
$2.9B
Q3 25
$15.7B
$3.0B
Q2 25
$15.6B
$2.9B
Q1 25
$15.6B
$3.0B
Q4 24
$16.0B
$3.1B
Q3 24
$16.1B
$3.1B
Q2 24
$16.2B
$3.1B
Debt / Equity
VNO
VNO
WERN
WERN
Q1 26
0.65×
Q4 25
0.38×
0.55×
Q3 25
0.37×
0.52×
Q2 25
0.35×
0.51×
Q1 25
0.40×
0.45×
Q4 24
0.50×
0.45×
Q3 24
0.49×
0.48×
Q2 24
0.46×
0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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