LANDSTAR SYSTEM INC LSTR
Landstar System, Inc. was incorporated in January 1991 under the laws of the State of Delaware and has been a publicly held company since its initial public offering in March 1993. The principal executive offices of Landstar System, Inc. (collectively with its subsidiaries and other affiliated companies referred to herein as "Landstar" or the "Company," unless the context otherwise requires) is located at 13410 Sutton Park Drive South, Jacksonville, Florida 32224 and its telephone number is (904) 398-9400. The Company makes available free of charge through its website its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements on Schedule 14A and any amendments to those reports filed or furnished pursuant to Section 13(a) and 15(d) of the Exchange Act as soon as reasonably practicable after such material is electronically filed with the Securities and Exchange Commission ("SEC"). The Company's website is www.landstar.com. The SEC maintains a website at http://www.sec.gov that contains the Company's current and periodic reports, proxy and information statements and other information filed electronically with the SEC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B | $4.13B | $4.08B | $4.62B | $3.65B | $3.17B |
| SG&A | $230.5M | $217.7M | $211.8M | $221.3M | $221.3M | $167.6M | $159.0M | $188.2M | $170.6M | $143.2M |
| Total operating expenses | $4.61B | $4.59B | $4.97B | $6.87B | $6.03B | $3.88B | $3.79B | $4.29B | $3.40B | $2.95B |
| Operating income | $151.6M | $248.9M | $344.1M | $571.1M | $505.7M | $252.9M | $298.9M | $331.7M | $244.0M | $223.3M |
| Interest expense | $5.6M | $4.1M | $3.9M | $4.5M | — | — | — | — | — | — |
| Pre-tax income | $150.6M | $254.3M | $348.1M | $567.5M | $501.7M | $249.0M | $295.8M | $328.4M | $240.8M | $219.5M |
| Income tax | $35.6M | $58.4M | $83.7M | $136.5M | $120.2M | $56.9M | $68.1M | $73.2M | $63.8M | $82.1M |
| Net income | $115.0M | $195.9M | $264.4M | $430.9M | $381.5M | $192.1M | $227.7M | $255.3M | $177.1M | $137.3M |
| EPS, basic | 3.31 | 5.51 | 7.36 | 11.76 | 9.98 | 4.98 | 5.72 | 6.19 | 4.22 | 3.26 |
| EPS, diluted | 3.31 | 5.51 | 7.36 | 11.76 | 9.98 | 4.98 | 5.72 | 6.18 | 4.21 | 3.25 |
| Shares, diluted (wtd. avg.) | $34.7M | $35.5M | $35.9M | $36.6M | $38.2M | $38.6M | $39.8M | $41.3M | $42.0M | $42.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $396.7M | $515.0M | $481.0M | $339.6M | $219.6M | $249.4M | $319.5M | $199.7M | $242.4M | $178.9M |
| Short-term investments | $55.5M | $51.6M | $59.7M | $54.0M | $35.8M | $41.4M | $32.9M | $40.1M | $48.9M | $66.6M |
| Receivables | $670.1M | $683.8M | $743.8M | $967.8M | $1.15B | $764.2M | $588.5M | $691.6M | $631.2M | $463.1M |
| Total current assets | $1.22B | $1.32B | $1.35B | $1.44B | $1.52B | $1.21B | $997.9M | $971.4M | $961.2M | $737.4M |
| Property, plant and equipment | $261.3M | $311.3M | $284.3M | $315.0M | $317.4M | $297.0M | $285.9M | $284.0M | $276.0M | $272.8M |
| Goodwill | $34.0M | $40.9M | $42.3M | $41.2M | $40.8M | $40.9M | $38.5M | $38.2M | $39.1M | $31.1M |
| Total assets | $1.64B | $1.81B | $1.80B | $1.93B | $2.05B | $1.65B | $1.43B | $1.38B | $1.35B | $1.10B |
| Accounts payable | $369.6M | $383.6M | $396.0M | $527.4M | $604.1M | $380.5M | $272.0M | $314.1M | $285.1M | $219.4M |
| Total current liabilities | $695.8M | $673.2M | $675.2M | $878.1M | $1.01B | $806.1M | $552.9M | $535.8M | $548.6M | $380.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained earnings | $2.85B | $2.86B | $2.78B | $2.64B | $2.32B | $2.05B | $1.96B | $1.84B | $1.61B | $1.51B |
| Total equity | $795.7M | $972.4M | $983.9M | $887.2M | $862.0M | $691.8M | $721.5M | $689.1M | $653.9M | $542.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $224.9M | $286.6M | $393.6M | $622.7M | $276.7M | $210.7M | $307.8M | $297.9M | $139.0M | $190.2M |
| Stock-based compensation | $6.0M | $3.4M | $4.3M | $12.4M | $27.5M | $4.6M | $4.2M | $18.3M | $7.7M | $2.7M |
| Capital expenditure | $9.9M | $31.0M | $25.7M | $26.0M | $23.3M | $30.6M | $19.4M | $9.7M | $15.6M | $22.6M |
| Investing cash flow | -$2.4M | -$10.5M | -$6.5M | -$24.8M | -$73.3M | -$28.4M | -$18.6M | -$8.2M | -$22.1M | -$14.2M |
| Financing cash flow | -$343.1M | -$237.3M | -$248.0M | -$475.7M | -$232.9M | -$252.0M | -$170.6M | -$330.7M | -$54.4M | -$112.1M |
| Dividends paid | $124.8M | $120.5M | $117.1M | $115.7M | $112.0M | $109.5M | $27.9M | $88.9M | $15.9M | $14.3M |
| Buybacks | $179.9M | $81.4M | $53.9M | $286.0M | $122.7M | $116.0M | $88.6M | $208.1M | $0 | $50.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-064756.
Others in SIC 4213
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ODFL | OLD DOMINION FREIGHT LINE, INC. | $38.54B | 38.4x | -5.5% |
| JBHT | HUNT J B TRANSPORT SERVICES INC | $25.71B | 44.7x | -0.7% |
| KNX | Knight-Swift Transportation Holdings Inc. | $11.70B | 175.6x | 0.8% |
| SAIA | SAIA INC | $9.55B | 37.6x | 0.8% |
| SNDR | Schneider National, Inc. | $6.14B | 59.4x | 7.3% |
| ARCB | ARCBEST CORP /TX/ | $3.15B | 53.9x | -4.0% |
| WERN | WERNER ENTERPRISES INC | $2.40B | — | -1.9% |
| MRTN | MARTEN TRANSPORT LTD | $1.18B | 68.6x | -8.3% |