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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | - | $1.21B | $1.21B | $1.15B | - | $1.21B | $1.23B | $1.17B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $60.97M | - | $57.02M | $55.71M | $61.58M | - | $51.25M | $54.94M | $56.42M | - |
| Total Operating Expenses | $1.12B | - | $1.18B | $1.16B | $1.12B | - | $1.15B | $1.16B | $1.11B | - |
| D&A | $10.56M | - | $11.51M | $12.15M | $12.23M | - | $15.37M | $14.49M | $14.14M | - |
| Operating Income | $53.24M | - | $26.33M | $56.28M | $39.42M | - | $63.12M | $68.06M | $59.96M | - |
| Interest Expense | $1.30M | - | $1.08M | $870.0K | $1.51M | - | - | - | - | - |
| Income Tax | $13.28M | - | $6.75M | $13.69M | $9.77M | - | $14.25M | $17.11M | $14.48M | - |
| Net Income | $39.44M | - | $19.36M | $41.89M | $29.81M | - | $50.03M | $52.62M | $47.10M | - |
| EPS - Basic | $1.16 | - | $0.56 | $1.20 | $0.85 | - | $1.41 | $1.85 | $2.17 | - |
| EPS - Diluted | $1.16 | - | $0.56 | $1.20 | $0.85 | - | $1.41 | $1.48 | $1.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $353.25M | $396.69M | $375.19M | $359.24M | $417.42M | $515.02M | $468.83M | $438.06M | $467.67M | $481.04M |
| Accounts Receivable | $670.14M | $670.14M | $695.98M | $717.25M | $703.18M | $683.84M | $694.63M | $724.48M | $723.84M | $743.76M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $396.65M | $369.57M | $402.75M | $401.85M | $389.59M | $383.63M | $397.91M | $401.54M | $384.27M | $395.98M |
| Current Assets | $1.18B | $1.22B | $1.25B | $1.24B | $1.24B | $1.32B | $1.31B | $1.32B | $1.31B | $1.35B |
| Total Assets | $1.60B | $1.64B | $1.66B | $1.70B | $1.72B | $1.81B | $1.76B | $1.76B | $1.75B | $1.80B |
| Current Liabilities | $630.72M | $695.84M | $619.08M | $619.14M | $612.31M | $673.15M | $592.65M | $605.72M | $589.67M | $675.22M |
| Long-term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $798.98M | $795.66M | $888.70M | $921.83M | $930.75M | $972.44M | $1.02B | $1.00B | $1.02B | $983.92M |
| Retained Earnings | $2.88B | $2.85B | $2.91B | $2.91B | $2.88B | $2.86B | $2.90B | $2.86B | $2.82B | $2.78B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $78.21M | - | - | - | $55.70M | - | - | - | $94.21M | - |
| Investing Cash Flow | ($5.80M) | - | - | - | $1.15M | - | - | - | ($3.64M) | - |
| Financing Cash Flow | ($114.94M) | - | - | - | ($154.60M) | - | - | - | ($103.40M) | - |
| CapEx | $5.81M | - | - | - | $1.90M | - | $7.48M | $7.50M | $9.28M | - |
| Free Cash Flow | $72.40M | - | - | - | $53.80M | - | - | - | $84.93M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 4.5% | - | 2.2% | 4.6% | 3.4% | - | 5.2% | 5.6% | 5.1% | - |
| EBITDA margin | 5.4% | - | 3.1% | 5.6% | 4.5% | - | 6.5% | 6.7% | 6.3% | - |
| Net margin | 3.4% | - | 1.6% | 3.5% | 2.6% | - | 4.1% | 4.3% | 4.0% | - |
| Free cash flow margin | 6.2% | - | - | - | 4.7% | - | - | - | 7.3% | - |
| FCF / Net income | 1.84 | - | - | - | 1.80 | - | - | - | 1.80 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.2% | - | 4.7% | 4.6% | 5.3% | - | 4.2% | 4.5% | 4.8% | - |
| Effective tax rate | 25.2% | - | 25.8% | 24.6% | 24.7% | - | 22.2% | 24.5% | 23.5% | - |
| Return on assets | 2.5% | - | 1.2% | 2.5% | 1.7% | - | 2.8% | 3.0% | 2.7% | - |
| Return on equity | 4.9% | - | 2.2% | 4.5% | 3.2% | - | 4.9% | 5.3% | 4.6% | - |
| Return on invested capital | 5.0% | - | 2.2% | 4.6% | 3.2% | - | 4.8% | 5.1% | 4.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.88 | 1.75 | 2.01 | 2.00 | 2.03 | 1.96 | 2.21 | 2.17 | 2.22 | 2.00 |
| Quick ratio | 1.88 | 1.75 | 2.01 | 2.00 | 2.03 | 1.96 | 2.21 | 2.17 | 2.22 | 2.00 |
| Cash ratio | 0.56 | 0.57 | 0.61 | 0.58 | 0.68 | 0.77 | 0.79 | 0.72 | 0.79 | 0.71 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Interest coverage | 41.1x | - | 24.3x | 64.7x | 26.1x | - | - | - | - | - |
| Equity multiplier | 2.01 | 2.06 | 1.87 | 1.84 | 1.84 | 1.86 | 1.73 | 1.75 | 1.72 | 1.83 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.73 | - | 0.73 | 0.71 | 0.67 | - | 0.69 | 0.70 | 0.67 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 209d | - | 211d | 216d | 223d | - | 209d | 216d | 226d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 134.9x | - | 218.0x | 116.2x | 173.4x | - | 132.6x | 124.6x | 146.0x | - |
| P / B | 6.7x | - | 4.8x | 5.3x | 5.6x | - | 6.5x | 6.6x | 6.8x | - |
| P / S | 4.5x | - | 3.5x | 4.0x | 4.5x | - | 5.5x | 5.4x | 5.9x | - |
| EV / EBITDA | 77.9x | - | 101.7x | 65.8x | 92.4x | - | 78.4x | 74.4x | 86.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.6% | - | -0.7% | -1.1% | -1.6% | - | -5.9% | -10.8% | -18.4% | - |
| Revenue CAGR (3y) | -6.6% | - | -12.8% | -15.0% | -16.4% | - | -11.2% | -8.0% | -3.1% | - |
| Revenue CAGR (5y) | -1.9% | - | 2.1% | 8.0% | 4.4% | - | 0.2% | 3.2% | 2.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 35.1% | - | -58.3% | -17.3% | -34.3% | - | -21.4% | -22.6% | -40.8% | - |
| Net income growth (YoY) | 32.3% | - | -61.3% | -20.4% | -36.7% | - | -18.8% | -20.9% | -39.8% | - |
| EPS growth (YoY) | 36.5% | - | -60.3% | -18.9% | -35.6% | - | -17.5% | -20.0% | -39.2% | - |
| EPS CAGR (3y) | -18.8% | - | -41.2% | -26.7% | -36.6% | - | -18.2% | -14.9% | -13.1% | - |
| EPS CAGR (5y) | -10.4% | - | -19.0% | 13.8% | -4.0% | - | 0.9% | -0.7% | -3.5% | - |
| FCF growth (YoY) | 34.6% | - | - | - | -36.7% | - | - | - | -36.0% | - |
| FCF CAGR (5y) | 1.9% | - | - | - | -10.5% | - | - | - | 4.7% | - |
| Book value growth (YoY) | -14.2% | -18.2% | -12.5% | -7.9% | -8.6% | -1.2% | -2.6% | 0.7% | 8.8% | 10.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-27.
Business segments
$4.74B totalTransportation Logistics$4.69B · 98.8%
Insurance$58.65M · 1.2%
Product / service
$4.34B totalVan 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%
Peer comparison
Same SIC group: Trucking (No Local)
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 |