LSTR · Landstar System Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · LSTR

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.74B	$4.82B	$5.30B	$7.44B	$6.54B	$4.13B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$230.55M	$217.71M	$211.80M	$221.28M	$221.28M	$167.63M
Total Operating Expenses	$4.61B	$4.59B	$4.97B	$6.87B	$6.03B	$3.88B
D&A	$46.39M	$56.74M	$58.15M	$57.45M	$49.61M	$45.85M
Operating Income	$151.58M	$248.91M	$344.15M	$571.08M	$505.67M	$252.95M
Interest Expense	$5.59M	$4.52M	-	-	-	-
Income Tax	$35.57M	$58.38M	$83.70M	$136.55M	$120.17M	$56.89M
Net Income	$115.01M	$195.95M	$264.39M	$430.91M	$381.52M	$192.11M
EPS - Basic	$3.31	$5.51	$11.76	$11.76◇	$0.19◇	$4.98
EPS - Diluted	$3.31	$5.51	$7.36	$11.76	$9.98	$4.98

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$396.69M	$515.02M	$481.04M	$339.58M	$215.52M	$249.35M
Accounts Receivable	$670.14M	$683.84M	$743.76M	$967.79M	$1.15B	$764.17M
Inventory	-	-	-	-	-	-
Accounts Payable	$369.57M	$383.63M	$395.98M	$527.37M	$604.13M	$380.50M
Current Assets	$1.22B	$1.32B	$1.35B	$1.44B	$1.52B	$1.21B
Total Assets	$1.64B	$1.81B	$1.80B	$1.93B	$2.05B	$1.65B
Current Liabilities	$695.84M	$673.15M	$675.22M	$878.13M	$1.01B	$806.14M
Long-term Debt	$0	$0	$0	$0	$0	$0
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$795.66M	$972.44M	$983.92M	$887.22M	$862.01M	$691.84M
Retained Earnings	$2.85B	$2.86B	$2.78B	$2.64B	$2.32B	$2.05B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$224.88M	$286.56M	$393.65M	$622.66M	$276.74M	$210.72M
Investing Cash Flow	($2.36M)	($10.50M)	($6.48M)	($24.77M)	($73.34M)	($28.42M)
Financing Cash Flow	($343.14M)	($237.34M)	($247.97M)	($475.68M)	($232.95M)	($252.03M)
CapEx	$9.88M	$31.00M	$25.69M	$26.00M	$23.26M	$30.63M
Free Cash Flow	$215.00M	$255.56M	$367.96M	$596.65M	$253.48M	$180.09M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	3.2%	5.2%	6.5%	7.7%	7.7%	6.1%
EBITDA margin	4.2%	6.3%	7.6%	8.5%	8.5%	7.2%
Net margin	2.4%	4.1%	5.0%	5.8%	5.8%	4.6%
Free cash flow margin	4.5%	5.3%	6.9%	8.0%	3.9%	4.4%
FCF / Net income	1.87	1.30	1.39	1.38	0.66	0.94
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	4.9%	4.5%	4.0%	3.0%	3.4%	4.1%
Effective tax rate	23.6%	23.0%	24.0%	24.1%	24.0%	22.8%
Return on assets	7.0%	10.8%	14.7%	22.3%	18.7%	11.6%
Return on equity	14.5%	20.1%	26.9%	48.6%	44.3%	27.8%
Return on invested capital	14.5%	19.7%	26.6%	48.9%	44.6%	28.2%
Liquidity
Current ratio	1.75	1.96	2.00	1.64	1.51	1.50
Quick ratio	1.75	1.96	2.00	1.64	1.51	1.50
Cash ratio	0.57	0.77	0.71	0.39	0.21	0.31
Leverage
Debt / Equity	0.00	0.00	0.00	0.00	0.00	0.00
Debt / Assets	0.00	0.00	0.00	0.00	0.00	0.00
Debt / EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	27.1x	55.1x	-	-	-	-
Equity multiplier	2.06	1.86	1.83	2.18	2.37	2.39
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	2.90	2.66	2.94	3.85	3.20	2.50
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	52d	52d	51d	48d	64d	67d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	43.4x	31.2x	26.3x	13.9x	17.9x	27.2x
P / B	6.3x	6.3x	7.1x	6.7x	7.9x	7.6x
P / S	1.1x	1.3x	1.3x	0.8x	1.0x	1.3x
EV / EBITDA	23.2x	18.3x	16.1x	9.0x	11.9x	16.7x
Growth
Revenue growth (YoY)	-1.6%	-9.1%	-28.7%	13.8%	58.2%	1.2%
Revenue CAGR (3y)	-13.9%	-9.7%	8.7%	22.1%	12.3%	4.3%
Revenue CAGR (5y)	2.8%	3.4%	2.8%	15.3%	15.6%	4.5%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-39.1%	-27.7%	-39.7%	12.9%	99.9%	-15.4%
Net income growth (YoY)	-41.3%	-25.9%	-38.6%	12.9%	98.6%	-15.6%
EPS growth (YoY)	-39.9%	-25.1%	-37.4%	17.8%	100.4%	-12.9%
EPS CAGR (3y)	-34.5%	-18.0%	13.9%	27.2%	17.3%	5.8%
EPS CAGR (5y)	-7.8%	-0.7%	3.6%	22.8%	25.2%	8.1%
FCF growth (YoY)	-15.9%	-30.5%	-38.3%	135.4%	40.8%	-37.6%
FCF CAGR (5y)	3.6%	-2.4%	15.3%	37.1%	8.6%	-3.1%
Book value growth (YoY)	-18.2%	-1.2%	10.9%	2.9%	24.6%	-4.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-27.

Business segments

$4.74B total

Transportation Logistics$4.69B · 98.8%

Insurance$58.65M · 1.2%

Product / service

$4.34B total

Van Equipment$2.33B · 53.7%

Unsided Platform Equipment$1.53B · 35.2%

Other Truck Transportation$383.97M · 8.9%

Less Than Truckload$95.86M · 2.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Trucking (No Local)

Company	Revenue (last FY)	Net margin	ROE
JBHT	-	-	16.8%
KNX	$7.47B	0.9%	0.9%
ODFL	-	-	23.7%
WERN	$2.97B	-0.5%	-1.1%
SNDR	$5.67B	1.8%	3.4%

Comparing LANDSTAR SYSTEM INC against the 5 most active filers in the same SIC group.

Dividends

$3.60/share trailing 12 months · +3.4% YoY

Ex-date	Per share
May 19, 2026	$0.4000
Feb 18, 2026	$0.4000
Jan 6, 2026	$2.0000
Nov 18, 2025	$0.4000
Aug 19, 2025	$0.4000
Jun 5, 2025	$0.4000
Feb 18, 2025	$0.3600
Jan 7, 2025	$2.0000
Nov 19, 2024	$0.3600
Aug 20, 2024	$0.3600
May 7, 2024	$0.3300
Feb 9, 2024	$0.3300
Jan 2, 2024	$2.0000
Nov 6, 2023	$0.3300
Aug 9, 2023	$0.3300
May 3, 2023	$0.3000
Feb 10, 2023	$0.3000
Jan 5, 2023	$2.0000
Nov 7, 2022	$0.3000
Aug 5, 2022	$0.3000
May 4, 2022	$0.2500
Feb 11, 2022	$0.2500
Jan 6, 2022	$2.0000
Nov 8, 2021	$0.2500

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.