MEDIUMOutside partyCustomer
50%
top-10 customers
“10-K Item 1A: 'our largest 5, 10, 25 and 50 customers accounted for 38%, 50%, 66%, and 78% of revenues, respectively'”
WERN · Concentration risk · 10-K extracted
Werner Enterprises (WERN) concentration risks
Updated
The most significant concentration Werner Enterprises discloses is top-10 customers at 50%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Werner Enterprises’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
11%
Dollar General
“10-K Item 1A: 'Our largest customer, Dollar General, accounted for 11% of our total revenues in 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration is customer-side and moderate. Its largest customers account for a rising share of revenue by tier — the 10 largest customers represented 50% of revenues, with the broader top-50 group a larger portion still — a medium-share dependency by disclosed size on a concentrated book of shipper relationships. Within that, the single largest customer, Dollar General, accounted for 11% of total revenues, a low-share dependency. The character is dependency rather than structural: freight volumes rise and fall with these customers' own demand and network decisions, so the loss or de-emphasis of a top account would weigh on revenue. There is no disclosed geographic, supplier, or product concentration to compound it. On balance this is a moderately concentrated customer base: the volume trends of the 10 largest accounts, and Dollar General specifically, are the variables most worth monitoring, though no single customer is large enough on its own to dominate results.
For the engine’s reasoning on WERN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Trucking
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RXO | RXO, Inc. | 0 | 1 | 2 | 3 |
| KNX | Knight-Swift Transportation Hol | 0 | 1 | 1 | 2 |
| WERN● | Werner Enterprises, Inc. | 0 | 1 | 1 | 2 |
| ARCB | ArcBest Corporation | 0 | 0 | 0 | 0 |
| ODFL | Old Dominion Freight Line, Inc. | 0 | 0 | 0 | 0 |
| SAIA | Saia, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.