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Landstar System Inc. (LSTR)

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Landstar System Inc. (LSTR) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 27 June 2026, up 18.2% on the same quarter a year earlier. Net income was $49 million, up 16.8% on the year, and diluted earnings per share $1.44. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$1.4 billionup 18.2%
Net income$49 millionup 16.8%
Diluted EPS$1.44
QuarterQ2 FY2026ended 27 June 2026

Landstar System (LSTR) in brief

Landstar System (LSTR) reported revenue of $4.7 billion for fiscal 2025, the year ended 27 December 2025, down 1.6% on the year before.
Read moreNet income was $115 million and diluted earnings per share $3.31. Revenue was $4.8 billion in fiscal 2024, $5.3 billion in fiscal 2023, $7.4 billion in fiscal 2022 and $6.5 billion in fiscal 2021. Net income in the same years was $196 million, $264 million, $431 million and $382 million. Over the twelve months to 27 June 2026, Landstar System reported revenue of $5.0 billion and net income of $132 million. Revenue grew 2.8% a year, compounded, over the five years to fiscal 2025. Landstar System declared $3.56 a share in dividends over the last four quarters and had 34 million shares outstanding at the latest filed count. At 27 June 2026 it carried $0 million of debt and $294 million of cash. At the close of 8 October 2026 the market cap of Landstar System was $5.7 billion, 43.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE15.7%
ROCE21.0%
Operating margin3.5%
Net margin2.6%
FCF margin3.5%
Interest cover33.60
Debt to equity0.00
Cash conversion1.44
Share count, 1 yearn/a
Sales CAGR, 3 years-13.9%
Profit CAGR, 3 years-35.6%
EPS, TTM$3.86

At the close of 8 October 2026

Price$169.47
Market cap$5.7 billion
Stock P/E43.90
Price to book6.87
EV / EBITDA24.99
Dividend yield2.1%
Market cap / sales1.15
52-week high$225.37
52-week low$121.51
Price, 1 year29.4%
Price CAGR, 3 years-1.7%
Price CAGR, 5 years1.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Landstar System Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
LSTRgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LSTR

Filings17 in twelve months: 11 current reports (8-K), about 5 results of operations; 4 regulation fd disclosure; 2 other events; 2 officer or director change; 1 material agreement
Planned insider sales4 Form 144 notices in twelve months, $9.9 million; latest 9 June 2026
Options tapeput/call 0.36 by open interest at the 8 October 2026 close; the straddle prices a 4.0% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.6 million shares short, 5.37 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,2891,2041,1711,2251,2141,2091,1531,2111,2051,1741,1711,432
SG&A51.052.756.454.951.355.161.655.757.056.261.068.2
Operating income80.374.660.068.163.157.839.456.326.329.653.266.2
Operating margin6%6%5%6%5%5%3%5%2%3%5%5%
Interest expensen/an/a0.90.91.11.21.51.41.41.31.31.3
Pre-tax income81.476.461.669.764.358.739.655.626.129.352.765.4
Tax rate24%24%24%25%22%21%25%25%26%18%25%25%
Net income61.758.047.152.650.046.229.841.919.423.939.449.0
Net margin5%5%4%4%4%4%3%3%2%2%3%3%
Diluted EPS$1.71$1.62$1.32$1.48$1.41$1.31$0.85$1.20$0.56$0.70$1.16$1.44
Operating cash flow11289.994.248.183.161.155.77.189.372.778.2-50.4
Capital expenditure2.810.39.37.57.56.71.92.53.32.25.82.9
Free cash flow10979.684.940.675.654.453.84.786.070.572.4-53.3
Buybacks0.038.50.056.522.22.760.441.940.936.622.41.8
Dividends paid11.911.883.211.812.712.783.313.913.913.781.713.6
Shares outstanding36m36m36m35m35m35m35m35m34m34m34mn/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,1853,3213,1683,6464,6154,0854,1336,5387,4375,3034,8194,7444,983
Selling, general and administrative150150143171188159168221221212218231242
Operating income224242223244332299253506571344249152175
Operating margin7.0%7.3%7.0%6.7%7.2%7.3%6.1%7.7%7.7%6.5%5.2%3.2%3.5%
Interest expensen/an/an/an/an/an/an/an/a4.53.94.15.65.2
Pre-tax income221239219241328296249502567348254151174
Income tax82.491.182.163.873.268.156.912013783.758.435.641.9
Effective tax rate37.2%38.1%37.4%26.5%22.3%23.0%22.8%24.0%24.1%24.0%23.0%23.6%24.1%
Net income139148137177255228192382431264196115132
Net margin4.4%4.4%4.3%4.9%5.5%5.6%4.6%5.8%5.8%5.0%4.1%2.4%2.6%
Diluted EPS$3.07$3.37$3.25$4.21$6.18$5.72$4.98$9.98$11.76$7.36$5.51$3.31$3.86
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Transportation Logistics5,2314,7564,68598.8%
Insurance72.563.258.61.2%
Transportation LogisticsInsurance
5,303FY20234,819FY20244,744FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow102216190139298308211277623394287225190
Capital expenditure10.54.822.615.69.719.430.623.326.025.731.09.914.2
Free cash flow91.3211168123288288180253597368256215176
Free cash flow margin2.9%6.4%5.3%3.4%6.2%7.1%4.4%3.9%8.0%6.9%5.3%4.5%3.5%
Cash from investingn/an/a-14.2-22.1-8.2-18.6-28.4-73.3-24.8-6.5-10.5-2.4-9.7
Cash from financingn/an/a-112-54.4-331-171-252-233-476-248-237-343-243
Depreciation and amortisation27.629.135.840.643.644.545.949.657.558.256.746.443.0
Share-based compensation6.86.92.77.718.34.24.627.512.44.33.46.07.8
Buybacks56.416150.50.020888.611612328653.981.4180102
Dividends paid27.657.914.315.988.927.9110112116117120125123
Dividend per share$1.26$0.30$0.34$1.88$0.63$2.70$2.79$2.92$3.10$3.26$3.38$3.56n/a
Diluted shares, weighted45m44m42m42m41m40m39m38m37m36m36m35m34m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity488466543651687721692862887984972796837
Non-controlling interestn/an/an/a3.22.3n/an/an/an/an/an/an/an/a
Debt0.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/an/an/an/a1.30.90.50.30.2
Finance lease liabilitiesn/an/an/an/a84.970.265.475.267.243.369.248.542.1
Other liabilities5495255546996076368971,108976774771791864
Total liabilities and equity1,0389921,0971,3521,3811,4281,6542,0451,9321,8021,8131,6361,743
Owned
Fixed assets202226273276284286297317315284311261253
Goodwill31.131.131.139.138.238.540.940.841.242.340.934.034.0
Investments37.048.866.648.940.132.941.435.854.059.751.655.553.4
Cash and equivalents164115179242200320249216340481515397294
Receivables4934634636316925897641,154968744684670867
Other assets11110884.1115127162261282214191211218241
Total assets1,0389921,0971,3521,3811,4281,6542,0451,9321,8021,8131,6361,743
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.6%2.8%-13.9%4.1%
Profit growth, compounded-2.5%-9.8%-35.6%-21.6%
Return on equity, average30.3%30.9%20.5%14.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0024.0%25.8%-0.6%0.000.6%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.3518.4%7.5%5.3%0.310.2%
Knight-Swift Transportation Holdings Inc. KNX$10.6 billion250.190.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.1 billion32.9410.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.5 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.3 billion21.2510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.1 billion9.6829.6%15.1%6.2%5.40n/a
Landstar System Inc. LSTR$5.7 billion43.9015.7%3.5%4.1%0.002.1%
Gatx Corp. GATX$5.7 billion16.1213.2%29.1%22.8%4.431.5%
GXO Logistics, Inc. GXO$5.3 billion41.034.4%2.4%7.6%0.82n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.650.9%
Brinks Co. BCO$4.2 billion23.6958.3%10.5%8.1%12.541.0%
All 29 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$165.2 billion22.5335.5%40.0%4.2%1.402.0%
Booking Holdings Inc. BKNG$120.2 billion17.75n/a32.9%12.9%n/a0.2%
CSX Corp. CSX$87.7 billion27.3622.9%34.2%2.5%1.221.1%
United Parcel Service Inc. UPS$80.1 billion17.5030.3%7.3%-0.4%1.587.0%
Royal Caribbean Cruises Ltd. RCL$75.3 billion17.3943.0%27.3%8.7%2.231.8%
Norfolk Southern Corp. NSC$71.2 billion27.0516.2%32.2%3.0%0.981.7%
FedEx Corp. FDX$69.0 billion15.7614.0%5.8%7.7%0.742.0%
Delta Air Lines, Inc. DAL$54.0 billion13.6218.1%8.1%10.3%0.590.8%
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0024.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.1 billion11.4122.1%16.0%5.2%1.737.5%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$30.9 billion16.84168.4%16.0%12.0%4.520.7%
Expeditors International of Washington Inc. EXPD$25.2 billion28.2043.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.5 billion11.5218.6%8.3%16.3%0.271.7%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.3518.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.3 billion53.6720.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.2 billion25.3711.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.6 billion26.9738.9%4.9%-0.1%1.041.8%
ZTO Express (Cayman) Inc. ZTO *$15.7 billion11.9213.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.6 billion250.190.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.1 billion32.9410.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.5 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.3 billion21.2510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.1 billion9.6829.6%15.1%6.2%5.40n/a
Landstar System Inc. LSTR$5.7 billion43.9015.7%3.5%4.1%0.002.1%
Gatx Corp. GATX$5.7 billion16.1213.2%29.1%22.8%4.431.5%
GXO Logistics, Inc. GXO$5.3 billion41.034.4%2.4%7.6%0.82n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.650.9%
Brinks Co. BCO$4.2 billion23.6958.3%10.5%8.1%12.541.0%
4 companies share its SEC industry code (Trucking (No Local)); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 June 202629 July 2026EDGAR
10-Q28 March 202629 April 2026EDGAR
10-K27 December 202524 February 2026EDGAR
10-Q27 September 202528 October 2025EDGAR
10-Q28 June 202529 July 2025EDGAR
10-Q29 March 202513 May 2025EDGAR
10-K28 December 202424 February 2025EDGAR
10-Q28 September 202430 October 2024EDGAR
10-Q29 June 202431 July 2024EDGAR
10-Q30 March 20243 May 2024EDGAR

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