LANDSTAR SYSTEM INC LSTR

Industrials SIC 4213 - Trucking (No Local) NAICS Transportation and Warehousing › Truck Transportation derived Nasdaq

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.

Last close 165.79 2026-10-23
Market cap $5.62B 2026-03-28 share count
52-week range 121.11 - 228.46

Valuation FY2025 figures against the last close

P/S1.2x
P/E50.1x
P/FCF26.2x
EV/EBITDA34.1x
Dividend yield2.2%
Diluted EPS3.31

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 3.315.517.3611.769.984.985.726.194.223.26
EPS, diluted 3.315.517.3611.769.984.985.726.184.213.25
Shares, diluted (wtd. avg.) 34.7M35.5M35.9M36.6M38.2M38.6M39.8M41.3M42.0M42.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 3.2B Net income, FY2016: 137.3M Revenue, FY2017: 3.6B Net income, FY2017: 177.1M Revenue, FY2018: 4.6B Net income, FY2018: 255.3M Revenue, FY2019: 4.1B Net income, FY2019: 227.7M Revenue, FY2020: 4.1B Net income, FY2020: 192.1M Revenue, FY2021: 6.5B Net income, FY2021: 381.5M Revenue, FY2022: 7.4B Net income, FY2022: 430.9M Revenue, FY2023: 5.3B Net income, FY2023: 264.4M Revenue, FY2024: 4.8B Net income, FY2024: 195.9M Revenue, FY2025: 4.7B Net income, FY2025: 115M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.17B $3.65B $4.62B $4.08B $4.13B $6.54B $7.44B $5.30B $4.82B $4.74B
Gross profit — — — — — — — — — —
Net income $137.3M $177.1M $255.3M $227.7M $192.1M $381.5M $430.9M $264.4M $195.9M $115.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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