Landstar System (LSTR) Financials

$136.91 -1.90 (-1.37%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$136.89 -0.02 (-0.01%)

As of 08:00 AM Eastern

Annual Income Statements for Landstar System

This table shows Landstar System's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Income / (Loss) Attributable to Common Shareholders	196	264	431	382	192	228	255	177	137	148
Consolidated Net Income / (Loss)	196	264	431	382	192	228	255	177	137	148
Net Income / (Loss) Continuing Operations	196	264	431	382	192	228	255	177	137	148
Total Pre-Tax Income	254	348	567	502	249	296	328	241	219	239
Total Operating Income	249	344	571	506	253	299	332	244	223	242
Total Gross Profit	1,074	1,235	1,633	1,423	940	957	1,045	841	752	770
Total Revenue	4,819	5,303	7,437	6,538	4,133	4,085	4,615	3,646	3,168	3,321
Operating Revenue	4,819	5,303	7,437	6,538	4,133	4,085	4,615	3,646	3,168	3,321
Total Cost of Revenue	3,745	4,068	5,804	5,115	3,193	3,127	3,570	2,805	2,416	2,551
Operating Cost of Revenue	3,745	4,068	5,804	5,115	3,193	3,127	3,570	2,805	2,416	2,551
Total Operating Expenses	825	891	1,061	917	687	658	713	597	529	528
Selling, General & Admin Expense	669	729	881	765	539	538	598	497	437	452
Marketing Expense	114	114	126	105	88	80	76	63	57	49
Depreciation Expense	57	58	57	50	46	44	44	41	36	29
Other Operating Expenses / (Income)	-15	-10	-3.16	-2.86	-3.40	-5.04	-3.82	-2.50	-1.50	-1.40
Total Other Income / (Expense), net	5.42	3.95	-3.62	-3.98	-3.95	-3.14	-3.35	-3.17	-3.79	-2.95
Interest Expense	-5.42	-3.95	3.62	3.98	3.95	3.14	3.35	3.17	3.79	2.95
Income Tax Expense	58	84	137	120	57	68	73	64	82	91
Basic Earnings per Share	$5.51	$7.36	$11.76	$9.98	-	-	$6.19	$4.22	$3.26	$3.38
Weighted Average Basic Shares Outstanding	35.54M	35.92M	36.63M	38.24M	38.39M	39.48M	41.27M	41.94M	42.11M	43.66M
Diluted Earnings per Share	$5.51	$7.36	$11.76	$9.98	$4.98	$5.72	$6.18	$4.21	$3.25	$3.37
Weighted Average Diluted Shares Outstanding	35.54M	35.92M	36.63M	38.24M	38.60M	39.79M	41.31M	42.02M	42.24M	43.81M
Weighted Average Basic & Diluted Shares Outstanding	35.32M	35.72M	35.93M	37.29M	38.39M	39.48M	981.90M	2.95B	6.87B	2.11B
Cash Dividends to Common per Share	$3.38	$3.26	$3.10	$2.92	$2.79	$2.70	$0.63	$1.88	$0.34	$0.30

This table shows Landstar System's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	46	50	53	47	58	62	67	78	93	100
Consolidated Net Income / (Loss)	46	50	53	47	58	62	67	78	93	100
Net Income / (Loss) Continuing Operations	46	50	53	47	58	62	67	78	93	100
Total Pre-Tax Income	59	64	70	62	76	81	88	102	124	132
Total Operating Income	58	63	68	60	75	80	88	101	124	133
Total Gross Profit	263	270	275	266	277	303	321	334	383	400
Total Revenue	1,209	1,214	1,225	1,171	1,204	1,289	1,374	1,436	1,675	1,816
Operating Revenue	1,209	1,214	1,225	1,171	1,204	1,289	1,374	1,436	1,675	1,816
Total Cost of Revenue	946	944	950	906	927	987	1,053	1,101	1,292	1,416
Operating Cost of Revenue	946	944	950	906	927	987	1,053	1,101	1,292	1,416
Total Operating Expenses	206	207	207	206	203	222	233	233	259	266
Selling, General & Admin Expense	167	165	169	169	165	181	190	192	216	221
Marketing Expense	30	30	27	26	27	30	30	28	30	31
Depreciation Expense	13	15	14	14	14	14	15	15	15	15
Other Operating Expenses / (Income)	-3.82	-3.92	-3.65	-3.41	-3.27	-3.02	-2.48	-1.37	-1.14	-0.72
Total Other Income / (Expense), net	0.96	1.17	1.68	1.61	1.87	1.05	0.31	0.73	-0.35	-1.05
Interest Expense	-0.96	-1.17	-1.68	-1.61	-1.87	-1.05	-0.31	-0.73	0.35	1.05
Income Tax Expense	13	14	17	14	18	20	22	24	31	32
Basic Earnings per Share	$1.30	$1.41	$1.48	$1.32	$1.63	$1.71	$1.85	$2.17	-	$2.76
Weighted Average Basic Shares Outstanding	35.54M	35.42M	35.65M	35.75M	35.92M	35.95M	35.94M	35.98M	36.63M	36.33M
Diluted Earnings per Share	$1.30	$1.41	$1.48	$1.32	$1.63	$1.71	$1.85	$2.17	$2.61	$2.76
Weighted Average Diluted Shares Outstanding	35.54M	35.42M	35.65M	35.75M	35.92M	35.95M	35.94M	35.98M	36.63M	36.33M
Weighted Average Basic & Diluted Shares Outstanding	35.32M	35.33M	35.45M	35.76M	35.72M	35.95M	35.95M	35.93M	35.93M	35.93M
Cash Dividends to Common per Share	$2.36	$0.36	$0.33	$0.33	$2.33	$0.33	$0.30	$0.30	$2.30	$0.30

This table details how cash moves in and out of Landstar System's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Change in Cash & Equivalents	34	141	120	-30	-70	120	-43	64	64	-49
Net Cash From Operating Activities	287	394	623	277	211	308	298	139	190	216
Net Cash From Continuing Operating Activities	287	394	623	277	100	308	298	139	190	216
Net Income / (Loss) Continuing Operations	196	264	431	382	192	228	255	177	137	148
Consolidated Net Income / (Loss)	196	264	431	382	192	228	255	177	137	148
Depreciation Expense	57	58	57	50	46	44	44	41	36	29
Amortization Expense	0.26	0.26	0.36	0.45	0.33	0.25	0.25	0.25	0.24	0.22
Non-Cash Adjustments To Reconcile Net Income	20	14	22	31	14	13	25	14	5.01	13
Changes in Operating Assets and Liabilities, net	14	57	112	-186	-152	22	-26	-93	12	26
Net Cash From Investing Activities	-10	-6.48	-25	-73	-28	-19	-8.19	-22	-14	-8.67
Net Cash From Continuing Investing Activities	-10	-6.48	-25	-73	-29	-18	-8.19	-22	-14	-8.67
Purchase of Property, Plant & Equipment	-31	-26	-26	-23	-31	-19	-9.75	-16	-23	-4.80
Purchase of Investments	-101	-102	-45	-85	-26	-66	-54	-59	-44	-44
Sale of Property, Plant & Equipment	9.75	8.29	5.24	2.97	7.76	3.99	4.02	4.03	10	1.69
Sale and/or Maturity of Investments	112	113	41	32	23	63	52	56	42	39
Net Cash From Financing Activities	-237	-248	-476	-233	-252	-171	-331	-54	-112	-255
Net Cash From Continuing Financing Activities	-237	-248	-476	-233	-252	-171	-331	-54	-112	-255
Repayment of Debt	-32	-68	-64	4.09	-24	-46	-43	-47	-49	-37
Repurchase of Common Equity	-81	-54	-286	-123	-116	-89	-208	-	-51	-161
Payment of Dividends	-120	-117	-116	-112	-110	-28	-89	-16	-14	-58
Other Financing Activities, net	-3.93	-9.16	-10	-2.35	-2.60	-7.40	-3.49	2.30	0.67	-0.10
Other Net Changes in Cash	-4.75	2.26	-2.20	-	-	-	-	-	-	-

This table details how cash moves in and out of Landstar System's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	46	31	-30	-13	41	79	20	1.41	162	100
Net Cash From Operating Activities	61	83	48	94	90	112	53	139	186	227
Net Cash From Continuing Operating Activities	61	83	48	94	90	112	53	139	186	227
Net Income / (Loss) Continuing Operations	46	50	53	47	58	62	67	78	93	100
Consolidated Net Income / (Loss)	46	50	53	47	58	62	67	78	93	100
Depreciation Expense	13	15	14	14	14	14	15	15	15	15
Amortization Expense	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Non-Cash Adjustments To Reconcile Net Income	4.68	3.53	6.57	5.33	2.81	3.42	3.60	3.91	5.21	-0.49
Changes in Operating Assets and Liabilities, net	-2.55	14	-26	28	15	33	-32	42	73	112
Net Cash From Investing Activities	0.72	-0.74	-6.84	-3.64	-4.93	-1.60	-4.29	4.34	1.58	-14
Net Cash From Continuing Investing Activities	0.72	-0.74	-6.84	-3.64	-4.93	-1.60	-4.29	4.34	1.58	-14
Purchase of Property, Plant & Equipment	-6.74	-7.48	-7.50	-9.28	-10	-2.76	-6.40	-6.23	-4.91	-14
Purchase of Investments	-27	-17	-41	-16	-16	-31	-24	-31	-9.71	-6.61
Sale of Property, Plant & Equipment	3.48	2.83	1.85	1.59	1.66	2.05	2.94	1.65	2.57	0.31
Sale and/or Maturity of Investments	31	21	40	20	19	30	23	40	14	5.65
Net Cash From Financing Activities	-13	-51	-69	-103	-45	-30	-30	-142	-25	-111
Net Cash From Continuing Financing Activities	-13	-51	-69	-103	-45	-30	-30	-142	-25	-111
Repayment of Debt	2.13	-16	-0.98	-17	5.14	-18	-18	-36	-15	-27
Repurchase of Common Equity	-2.70	-22	-57	0.00	-38	-	-	-15	-	-73
Payment of Dividends	-13	-13	-12	-83	-12	-12	-11	-83	-11	-11
Other Net Changes in Cash	-2.36	-0.42	-	-	1.62	-	-	0.50	-	-

This table presents Landstar System's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Total Assets	1,813	1,802	1,932	2,045	1,654	1,428	1,381	1,352	1,097	992
Total Current Assets	1,320	1,353	1,439	1,523	1,208	998	971	961	737	656
Cash & Equivalents	515	481	340	216	249	320	200	242	179	115
Short-Term Investments	52	60	54	36	41	33	40	49	67	49
Accounts Receivable	731	787	1,024	1,255	899	624	715	655	482	481
Other Current Assets	22	25	22	16	19	21	16	14	10	12
Plant, Property, & Equipment, net	311	284	315	317	297	286	284	276	273	226
Total Noncurrent Assets	182	165	177	205	149	144	125	115	86	109
Goodwill	41	42	41	41	41	39	38	39	31	31
Other Noncurrent Operating Assets	141	123	136	164	108	105	87	76	55	78
Total Liabilities & Shareholders' Equity	1,813	1,802	1,932	2,045	1,654	1,428	1,381	1,352	1,097	992
Total Liabilities	841	818	1,045	1,183	962	706	691	699	554	525
Total Current Liabilities	673	675	878	1,010	806	553	536	549	380	370
Short-Term Debt	33	28	36	37	35	43	-	42	45	42
Accounts Payable	384	396	527	604	381	272	314	285	219	224
Dividends Payable	71	71	72	75	77	79	-	63	-	-
Other Current Liabilities	186	180	243	294	313	159	192	128	108	103
Total Noncurrent Liabilities	168	143	167	173	156	153	156	150	174	156
Long-Term Debt	69	43	67	75	65	70	85	-	-	-
Asset Retirement Reserve & Litigation Obligation	63	59	58	50	39	34	30	30	27	21
Noncurrent Deferred & Payable Income Tax Liabilities	36	41	41	49	52	50	40	37	54	52
Total Equity & Noncontrolling Interests	972	984	887	862	692	721	689	654	543	466
Total Preferred & Common Equity	972	984	887	862	692	721	687	651	543	466
Total Common Equity	972	984	887	862	692	721	687	651	543	466
Common Stock	256	255	259	256	230	227	228	210	200	197
Retained Earnings	2,860	2,784	2,636	2,317	2,046	1,962	1,841	1,611	1,513	1,390
Treasury Stock	-2,131	-2,048	-1,993	-1,706	-1,582	-1,465	-1,376	-1,168	-1,167	-1,117
Accumulated Other Comprehensive Income / (Loss)	-12	-6.87	-15	-5.40	-2.00	-2.21	-5.88	-3.16	-3.09	-3.49

This table presents Landstar System's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	1,757	1,755	1,746	1,853	1,838	1,838	1,989
Total Current Assets	1,311	1,315	1,310	1,396	1,374	1,354	1,485
Cash & Equivalents	469	438	468	440	361	341	178
Short-Term Investments	62	66	63	57	59	47	51
Accounts Receivable	746	767	764	868	913	953	1,221
Other Current Assets	34	45	16	31	42	13	35
Plant, Property, & Equipment, net	289	286	280	284	297	306	322
Total Noncurrent Assets	157	154	156	173	167	178	182
Goodwill	41	42	42	42	42	42	41
Other Noncurrent Operating Assets	115	112	114	131	125	136	141
Total Liabilities & Shareholders' Equity	1,757	1,755	1,746	1,853	1,838	1,838	1,989
Total Liabilities	741	754	728	809	844	902	1,115
Total Current Liabilities	593	606	590	670	693	741	942
Short-Term Debt	28	28	27	29	32	34	37
Accounts Payable	398	402	384	465	479	490	644
Dividends Payable	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	167	176	179	176	183	217	260
Total Noncurrent Liabilities	149	149	138	139	151	161	174
Long-Term Debt	45	45	38	46	53	60	72
Asset Retirement Reserve & Litigation Obligation	60	60	60	57	57	58	56
Noncurrent Deferred & Payable Income Tax Liabilities	44	43	40	36	41	43	46
Total Equity & Noncontrolling Interests	1,016	1,001	1,018	1,043	994	936	873
Total Preferred & Common Equity	1,016	1,001	1,018	1,043	994	936	873
Total Common Equity	1,016	1,001	1,018	1,043	994	936	873
Common Stock	256	257	255	255	254	254	256
Retained Earnings	2,897	2,860	2,819	2,809	2,759	2,703	2,625
Treasury Stock	-2,129	-2,106	-2,049	-2,009	-2,009	-2,009	-1,993
Accumulated Other Comprehensive Income / (Loss)	-8.56	-9.48	-6.84	-12	-10	-12	-15

This table displays calculated financial ratios and metrics derived from Landstar System's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.13%	-28.69%	13.75%	58.18%	1.19%	-11.50%	26.57%	15.11%	-4.62%	4.28%
EBITDA Growth	-24.01%	-35.99%	13.17%	85.77%	-12.95%	-8.50%	31.88%	9.83%	-4.33%	7.48%
EBIT Growth	-27.67%	-39.74%	12.94%	99.91%	-15.37%	-9.90%	35.97%	9.28%	-7.64%	7.73%
NOPAT Growth	-26.64%	-39.72%	12.77%	97.05%	-15.19%	-10.74%	43.77%	28.34%	-6.55%	6.19%
Net Income Growth	-25.89%	-38.64%	12.95%	98.60%	-15.63%	-10.78%	44.19%	28.86%	-7.00%	6.40%
EPS Growth	-25.14%	-37.42%	17.84%	100.40%	-12.94%	-7.44%	46.79%	29.54%	-3.56%	9.77%
Operating Cash Flow Growth	-27.20%	-36.78%	125.00%	31.33%	-31.55%	3.34%	114.37%	-26.95%	-11.93%	112.06%
Free Cash Flow Firm Growth	-42.29%	-38.76%	240.37%	-6.80%	-12.84%	-25.80%	327.87%	-51.26%	-20.66%	206.70%
Invested Capital Growth	-1.20%	-12.43%	-16.16%	37.89%	3.17%	4.99%	-2.98%	26.46%	1.92%	-3.66%
Revenue Q/Q Growth	0.10%	-8.15%	-3.51%	11.02%	7.87%	-4.39%	2.92%	4.55%	1.42%	-0.43%
EBITDA Q/Q Growth	-5.47%	-11.23%	-3.48%	13.42%	6.46%	-5.29%	4.59%	2.59%	1.16%	0.79%
EBIT Q/Q Growth	-6.32%	-12.63%	-4.10%	14.58%	7.61%	-6.14%	5.08%	2.64%	0.50%	0.60%
NOPAT Q/Q Growth	-5.49%	-12.40%	-4.52%	14.34%	8.42%	-7.37%	1.48%	16.26%	1.41%	-0.51%
Net Income Q/Q Growth	-5.68%	-11.78%	-4.44%	14.48%	8.48%	-7.42%	1.44%	16.53%	1.27%	-0.43%
EPS Q/Q Growth	-5.65%	-11.75%	-3.13%	14.84%	9.69%	-6.69%	2.15%	16.62%	1.88%	1.20%
Operating Cash Flow Q/Q Growth	-9.12%	-19.67%	25.50%	14.28%	-9.44%	-13.14%	41.25%	-8.10%	-20.48%	21.80%
Free Cash Flow Firm Q/Q Growth	-25.69%	-20.03%	42.37%	16.65%	-1.88%	-38.89%	90.28%	-31.18%	-6.07%	0.00%
Invested Capital Q/Q Growth	3.88%	-5.79%	-11.31%	14.77%	15.60%	11.87%	-8.82%	15.69%	4.96%	2.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.29%	23.29%	21.95%	21.77%	22.75%	23.43%	22.65%	23.07%	23.74%	23.18%
EBITDA Margin	6.35%	7.59%	8.46%	8.50%	7.24%	8.41%	8.14%	7.81%	8.19%	8.16%
Operating Margin	5.16%	6.49%	7.68%	7.73%	6.12%	7.32%	7.19%	6.69%	7.05%	7.28%
EBIT Margin	5.16%	6.49%	7.68%	7.73%	6.12%	7.32%	7.19%	6.69%	7.05%	7.28%
Profit (Net Income) Margin	4.07%	4.99%	5.79%	5.84%	4.65%	5.57%	5.53%	4.85%	4.34%	4.45%
Tax Burden Percent	77.05%	75.95%	75.94%	76.05%	77.15%	76.99%	77.72%	73.50%	62.59%	61.86%
Interest Burden Percent	102.18%	101.15%	99.37%	99.21%	98.44%	98.95%	98.99%	98.70%	98.30%	98.78%
Effective Tax Rate	22.95%	24.05%	24.06%	23.95%	22.85%	23.01%	22.28%	26.50%	37.41%	38.14%
Return on Invested Capital (ROIC)	32.94%	41.67%	59.13%	55.87%	34.25%	42.03%	47.53%	36.37%	32.40%	34.35%
ROIC Less NNEP Spread (ROIC-NNEP)	31.88%	40.69%	61.08%	59.28%	36.48%	43.56%	49.55%	38.58%	35.64%	38.70%
Return on Net Nonoperating Assets (RNNOA)	-12.90%	-13.41%	-9.86%	-6.76%	-7.07%	-9.75%	-9.53%	-6.79%	-5.17%	-3.40%
Return on Equity (ROE)	20.03%	28.26%	49.27%	49.11%	27.19%	32.28%	38.01%	29.59%	27.23%	30.95%
Cash Return on Invested Capital (CROIC)	34.15%	54.92%	76.71%	24.02%	31.13%	37.16%	50.56%	13.00%	30.49%	38.08%
Operating Return on Assets (OROA)	13.77%	18.43%	28.72%	27.34%	16.42%	21.29%	24.28%	19.92%	21.38%	23.75%
Return on Assets (ROA)	10.84%	14.16%	21.67%	20.63%	12.47%	16.22%	18.68%	14.45%	13.16%	14.51%
Return on Common Equity (ROCE)	20.03%	28.26%	49.27%	49.11%	27.19%	32.23%	37.85%	29.51%	27.23%	30.95%
Return on Equity Simple (ROE_SIMPLE)	20.15%	26.87%	48.57%	44.26%	27.77%	31.56%	37.16%	27.20%	25.32%	31.68%
Net Operating Profit after Tax (NOPAT)	192	261	434	385	195	230	258	179	140	150
NOPAT Margin	3.98%	4.93%	5.83%	5.88%	4.72%	5.63%	5.59%	4.92%	4.41%	4.50%
Net Nonoperating Expense Percent (NNEP)	1.05%	0.97%	-1.95%	-3.41%	-2.23%	-1.53%	-2.02%	-2.21%	-3.25%	-4.35%
Return On Investment Capital (ROIC_SIMPLE)	17.84%	24.78%	43.78%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	77.71%	76.71%	78.05%	78.24%	77.25%	76.57%	77.35%	76.93%	76.26%	76.82%
SG&A Expenses to Revenue	13.89%	13.74%	11.85%	11.70%	13.04%	13.18%	12.96%	13.62%	13.80%	13.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.12%	16.80%	14.27%	14.03%	16.63%	16.11%	15.46%	16.38%	16.69%	15.90%
Earnings before Interest and Taxes (EBIT)	249	344	571	506	253	299	332	244	223	242
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	306	403	629	556	299	344	376	285	259	271
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.25	6.85	6.27	7.22	6.98	5.62	5.14	5.93	5.78	4.71
Price to Tangible Book Value (P/TBV)	6.52	7.16	6.57	7.58	7.42	5.93	5.44	6.31	6.13	5.05
Price to Revenue (P/Rev)	1.26	1.27	0.75	0.95	1.17	0.99	0.76	1.06	0.99	0.66
Price to Earnings (P/E)	30.99	25.50	12.91	16.31	25.14	17.79	13.82	21.80	22.83	14.88
Dividend Yield	1.97%	1.74%	2.00%	1.79%	2.22%	0.68%	2.48%	0.41%	0.45%	2.56%
Earnings Yield	3.23%	3.92%	7.75%	6.13%	3.98%	5.62%	7.23%	4.59%	4.38%	6.72%
Enterprise Value to Invested Capital (EV/IC)	9.69	10.71	7.88	7.62	8.02	6.80	6.32	6.71	6.95	5.05
Enterprise Value to Revenue (EV/Rev)	1.16	1.18	0.71	0.93	1.12	0.93	0.73	1.01	0.96	0.65
Enterprise Value to EBITDA (EV/EBITDA)	18.33	15.58	8.38	10.95	15.51	11.09	8.99	12.98	11.68	7.96
Enterprise Value to EBIT (EV/EBIT)	22.53	18.23	9.23	12.03	18.34	12.75	10.18	15.16	13.56	8.93
Enterprise Value to NOPAT (EV/NOPAT)	29.25	24.00	12.15	15.82	23.78	16.57	13.09	20.62	21.67	14.43
Enterprise Value to Operating Cash Flow (EV/OCF)	19.57	15.94	8.47	21.98	22.02	12.38	11.33	26.61	15.92	9.99
Enterprise Value to Free Cash Flow (EV/FCFF)	28.21	18.21	9.37	36.81	26.16	18.74	12.31	57.69	23.03	13.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.07	0.12	0.13	0.15	0.16	0.12	0.19	0.25	0.27
Long-Term Debt to Equity	0.07	0.04	0.08	0.09	0.09	0.10	0.12	0.13	0.17	0.18
Financial Leverage	-0.40	-0.33	-0.16	-0.11	-0.19	-0.22	-0.19	-0.18	-0.14	-0.09
Leverage Ratio	1.85	2.00	2.27	2.38	2.18	1.99	2.04	2.05	2.07	2.13
Compound Leverage Factor	1.89	2.02	2.26	2.36	2.15	1.97	2.01	2.02	2.03	2.11
Debt to Total Capital	9.52%	6.74%	10.44%	11.48%	12.71%	13.53%	10.96%	16.06%	20.31%	21.05%
Short-Term Debt to Total Capital	3.08%	2.64%	3.65%	3.75%	4.47%	5.11%	0.00%	5.40%	6.62%	7.20%
Long-Term Debt to Total Capital	6.44%	4.10%	6.79%	7.73%	8.25%	8.42%	10.96%	10.66%	13.70%	13.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.30%	0.41%	0.00%	0.00%
Common Equity to Total Capital	90.48%	93.26%	89.56%	88.52%	87.29%	86.47%	88.74%	83.53%	79.69%	78.95%
Debt to EBITDA	0.33	0.18	0.16	0.20	0.34	0.33	0.23	0.44	0.53	0.46
Net Debt to EBITDA	-1.52	-1.17	-0.46	-0.25	-0.64	-0.70	-0.41	-0.58	-0.41	-0.14
Long-Term Debt to EBITDA	0.23	0.11	0.11	0.14	0.22	0.20	0.23	0.29	0.36	0.30
Debt to NOPAT	0.53	0.27	0.24	0.29	0.52	0.49	0.33	0.70	0.99	0.83
Net Debt to NOPAT	-2.42	-1.80	-0.67	-0.36	-0.97	-1.04	-0.60	-0.93	-0.77	-0.26
Long-Term Debt to NOPAT	0.36	0.17	0.16	0.20	0.33	0.31	0.33	0.46	0.67	0.55
Altman Z-Score	10.08	11.13	10.28	9.05	8.04	9.29	9.44	8.64	9.28	8.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%	0.41%	0.27%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	2.00	1.64	1.51	1.50	1.80	1.81	1.75	1.94	1.78
Quick Ratio	1.93	1.97	1.61	1.49	1.48	1.77	1.78	1.73	1.91	1.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	199	345	563	165	177	203	274	64	132	166
Operating Cash Flow to CapEx	1,348.40%	2,263.13%	2,998.02%	1,363.92%	921.53%	1,995.72%	5,199.88%	1,202.73%	1,530.14%	6,926.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	155.42	41.57	44.86	64.78	81.77	20.25	34.66	56.21
Operating Cash Flow to Interest Expense	0.00	0.00	172.01	69.60	53.31	98.01	88.82	43.89	50.14	73.25
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	166.27	64.50	47.52	93.10	87.11	40.24	46.87	72.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.67	2.84	3.74	3.53	2.68	2.91	3.38	2.98	3.03	3.26
Accounts Receivable Turnover	6.35	5.86	6.52	6.07	5.43	6.10	6.73	6.41	6.58	6.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.18	17.70	23.52	21.28	14.18	14.33	16.48	13.29	12.70	15.51
Accounts Payable Turnover	9.61	8.81	10.26	10.39	9.79	10.67	11.91	11.12	10.90	11.50
Days Sales Outstanding (DSO)	57.49	62.33	55.94	60.14	67.25	59.85	54.21	56.91	55.47	54.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	37.99	41.42	35.58	35.13	37.30	34.20	30.64	32.83	33.48	31.74
Cash Conversion Cycle (CCC)	19.50	20.90	20.36	25.01	29.96	25.64	23.57	24.09	22.00	22.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	579	586	669	798	579	561	534	551	435	427
Invested Capital Turnover	8.28	8.45	10.14	9.50	7.25	7.46	8.51	7.40	7.34	7.63
Increase / (Decrease) in Invested Capital	-7.05	-83	-129	219	18	27	-16	115	8.22	-16
Enterprise Value (EV)	5,609	6,273	5,271	6,084	4,640	3,812	3,376	3,697	3,028	2,158
Market Capitalization	6,073	6,742	5,561	6,223	4,830	4,052	3,529	3,860	3,135	2,197
Book Value per Share	$27.52	$27.37	$24.70	$22.62	$18.02	$18.28	$16.71	$15.50	$12.99	$10.80
Tangible Book Value per Share	$26.37	$26.20	$23.55	$21.55	$16.96	$17.31	$15.78	$14.57	$12.24	$10.08
Total Capital	1,075	1,055	991	974	793	834	774	779	681	591
Total Debt	102	71	103	112	101	113	85	125	138	124
Total Long-Term Debt	69	43	67	75	65	70	85	83	93	82
Net Debt	-464	-470	-290	-139	-190	-240	-155	-166	-107	-39
Capital Expenditures (CapEx)	21	17	21	20	23	15	5.73	12	12	3.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	113	165	204	298	147	135	196	163	157	166
Debt-free Net Working Capital (DFNWC)	680	705	597	549	437	488	436	455	402	329
Net Working Capital (NWC)	647	678	561	513	402	445	436	413	357	287
Net Nonoperating Expense (NNE)	-4.18	-3.00	2.75	3.02	3.05	2.42	2.61	2.33	2.37	1.82
Net Nonoperating Obligations (NNO)	-394	-398	-218	-64	-113	-161	-155	-103	-107	-39
Total Depreciation and Amortization (D&A)	57	58	58	50	46	45	44	41	36	29
Debt-free, Cash-free Net Working Capital to Revenue	2.35%	3.11%	2.74%	4.56%	3.55%	3.31%	4.24%	4.48%	4.95%	4.99%
Debt-free Net Working Capital to Revenue	14.11%	13.30%	8.03%	8.40%	10.58%	11.94%	9.44%	12.47%	12.70%	9.91%
Net Working Capital to Revenue	13.42%	12.78%	7.55%	7.85%	9.73%	10.89%	9.44%	11.31%	11.27%	8.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.51	$7.36	$0.00	$0.00	$4.98	$5.72	$6.19	$4.22	$3.26	$3.38
Adjusted Weighted Average Basic Shares Outstanding	35.54M	35.92M	35.93M	37.29M	38.60M	39.79M	41.27M	41.94M	42.11M	43.66M
Adjusted Diluted Earnings per Share	$5.51	$7.36	$11.76	$9.98	$4.98	$5.72	$6.18	$4.21	$3.25	$3.37
Adjusted Weighted Average Diluted Shares Outstanding	35.54M	35.92M	36.63M	38.24M	38.60M	39.79M	41.31M	42.02M	42.24M	43.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.32M	35.72M	35.93M	37.29M	38.39M	39.48M	40.12M	41.99M	41.84M	42.42M
Normalized Net Operating Profit after Tax (NOPAT)	192	261	434	385	209	230	258	179	140	150
Normalized NOPAT Margin	3.98%	4.93%	5.83%	5.88%	5.06%	5.63%	5.59%	4.92%	4.41%	4.50%
Pre Tax Income Margin	5.28%	6.56%	7.63%	7.67%	6.02%	7.24%	7.12%	6.60%	6.93%	7.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	157.76	127.18	63.99	95.16	98.91	77.06	58.84	81.96
NOPAT to Interest Expense	0.00	0.00	119.80	96.72	49.37	73.26	76.87	56.64	36.83	50.70
EBIT Less CapEx to Interest Expense	0.00	0.00	152.02	122.08	58.20	90.25	97.20	73.41	55.57	80.90
NOPAT Less CapEx to Interest Expense	0.00	0.00	114.06	91.61	43.58	68.35	75.16	52.99	33.55	49.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.48%	44.30%	26.84%	29.35%	57.00%	12.51%	34.84%	9.00%	10.43%	39.19%
Augmented Payout Ratio	103.03%	64.69%	93.21%	61.51%	117.37%	51.41%	116.38%	9.00%	47.21%	148.31%

This table displays calculated financial ratios and metrics derived from Landstar System's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.41%	-5.85%	-10.83%	-18.43%	-28.08%	-29.01%	-30.44%	-27.15%	-13.89%	4.72%
EBITDA Growth	-20.06%	-17.11%	-19.76%	-36.36%	-36.59%	-36.03%	-37.53%	-34.04%	-14.02%	3.01%
EBIT Growth	-22.52%	-21.45%	-22.62%	-40.80%	-40.03%	-39.81%	-41.53%	-37.80%	-16.41%	1.59%
NOPAT Growth	-19.68%	-19.29%	-22.57%	-40.93%	-39.54%	-39.75%	-41.50%	-38.24%	-17.99%	1.61%
Net Income Growth	-20.34%	-18.85%	-20.94%	-39.77%	-37.85%	-38.48%	-40.87%	-37.36%	-17.66%	1.56%
EPS Growth	-20.25%	-17.54%	-20.00%	-39.17%	-37.55%	-38.04%	-39.34%	-35.03%	-12.71%	6.98%
Operating Cash Flow Growth	-31.98%	-25.84%	-8.66%	-32.24%	-51.76%	-50.58%	-54.05%	46.41%	211.76%	184.07%
Free Cash Flow Firm Growth	-62.43%	-41.15%	-44.98%	-52.39%	-37.21%	360.16%	376.82%	276.03%	311.59%	144.12%
Invested Capital Growth	-1.20%	-10.40%	-13.50%	-13.84%	-12.43%	-17.56%	-22.26%	-24.24%	-16.16%	8.49%
Revenue Q/Q Growth	-0.37%	-0.91%	4.61%	-2.77%	-6.58%	-6.15%	-4.31%	-14.28%	-7.78%	-8.05%
EBITDA Q/Q Growth	-10.16%	-4.91%	11.38%	-15.99%	-6.84%	-7.95%	-11.66%	-16.29%	-6.02%	-10.12%
EBIT Q/Q Growth	-8.47%	-7.26%	13.51%	-19.59%	-7.20%	-8.64%	-13.17%	-18.54%	-6.86%	-11.25%
NOPAT Q/Q Growth	-7.51%	-4.36%	11.98%	-18.93%	-7.05%	-8.24%	-14.57%	-17.02%	-7.37%	-10.92%
Net Income Q/Q Growth	-7.67%	-4.92%	11.74%	-18.78%	-5.95%	-7.37%	-14.88%	-16.19%	-6.90%	-10.96%
EPS Q/Q Growth	-7.80%	-4.73%	12.12%	-19.02%	-4.68%	-7.57%	-14.75%	-16.86%	-5.43%	-9.51%
Operating Cash Flow Q/Q Growth	-26.44%	72.63%	-48.91%	4.84%	-19.80%	112.63%	-62.10%	-25.36%	-17.84%	97.70%
Free Cash Flow Firm Q/Q Growth	-53.86%	-18.95%	4.23%	-3.61%	-27.72%	-24.22%	-9.82%	27.12%	429.74%	145.59%
Invested Capital Q/Q Growth	3.88%	-2.28%	3.16%	-5.65%	-5.79%	-5.67%	2.76%	-4.10%	-11.31%	-11.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.79%	22.25%	22.44%	22.67%	23.03%	23.47%	23.34%	23.29%	22.87%	22.01%
EBITDA Margin	5.84%	6.47%	6.74%	6.33%	7.33%	7.35%	7.49%	8.12%	8.31%	8.16%
Operating Margin	4.78%	5.20%	5.56%	5.12%	6.19%	6.23%	6.40%	7.05%	7.42%	7.35%
EBIT Margin	4.78%	5.20%	5.56%	5.12%	6.19%	6.23%	6.40%	7.05%	7.42%	7.35%
Profit (Net Income) Margin	3.82%	4.12%	4.30%	4.02%	4.81%	4.78%	4.84%	5.45%	5.57%	5.52%
Tax Burden Percent	78.65%	77.83%	75.46%	76.49%	75.87%	75.75%	75.42%	76.65%	75.25%	75.66%
Interest Burden Percent	101.67%	101.85%	102.46%	102.69%	102.50%	101.30%	100.35%	100.72%	99.72%	99.22%
Effective Tax Rate	21.35%	22.17%	24.54%	23.51%	24.13%	24.25%	24.59%	23.35%	24.75%	24.34%
Return on Invested Capital (ROIC)	31.10%	33.05%	33.35%	33.05%	39.70%	39.61%	40.37%	50.16%	56.65%	59.15%
ROIC Less NNEP Spread (ROIC-NNEP)	30.90%	32.85%	33.02%	32.73%	39.24%	39.32%	40.23%	49.79%	56.83%	59.64%
Return on Net Nonoperating Assets (RNNOA)	-12.51%	-14.04%	-12.67%	-12.72%	-12.93%	-11.09%	-7.46%	-8.44%	-9.17%	-10.88%
Return on Equity (ROE)	18.59%	19.01%	20.69%	20.33%	26.78%	28.53%	32.90%	41.72%	47.47%	48.27%
Cash Return on Invested Capital (CROIC)	34.15%	45.39%	49.40%	53.33%	54.92%	62.62%	69.98%	79.40%	76.71%	54.53%
Operating Return on Assets (OROA)	12.74%	13.87%	15.12%	14.40%	17.59%	18.73%	20.93%	25.07%	27.76%	29.03%
Return on Assets (ROA)	10.18%	10.99%	11.69%	11.31%	13.68%	14.38%	15.84%	19.36%	20.83%	21.79%
Return on Common Equity (ROCE)	18.59%	19.01%	20.69%	20.33%	26.78%	28.53%	32.90%	41.72%	47.47%	48.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	20.45%	21.92%	22.92%	0.00%	28.73%	34.05%	41.07%	0.00%	51.64%
Net Operating Profit after Tax (NOPAT)	45	49	51	46	57	61	66	78	94	101
NOPAT Margin	3.76%	4.05%	4.19%	3.92%	4.70%	4.72%	4.83%	5.41%	5.59%	5.56%
Net Nonoperating Expense Percent (NNEP)	0.19%	0.21%	0.33%	0.32%	0.46%	0.29%	0.13%	0.37%	-0.18%	-0.49%
Return On Investment Capital (ROIC_SIMPLE)	4.23%	-	-	-	5.36%	-	-	-	9.44%	-
Cost of Revenue to Revenue	78.21%	77.75%	77.56%	77.33%	76.97%	76.53%	76.66%	76.71%	77.13%	77.99%
SG&A Expenses to Revenue	13.78%	13.60%	13.79%	14.39%	13.72%	14.07%	13.86%	13.35%	12.87%	12.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.01%	17.05%	16.89%	17.55%	16.84%	17.24%	16.94%	16.24%	15.45%	14.66%
Earnings before Interest and Taxes (EBIT)	58	63	68	60	75	80	88	101	124	133
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	79	83	74	88	95	103	117	139	148
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.25	6.52	6.58	6.78	6.85	5.99	6.83	6.74	6.27	5.74
Price to Tangible Book Value (P/TBV)	6.52	6.80	6.86	7.08	7.16	6.24	7.13	7.05	6.57	6.02
Price to Revenue (P/Rev)	1.26	1.38	1.35	1.37	1.27	1.08	1.08	0.91	0.75	0.65
Price to Earnings (P/E)	30.99	31.90	30.02	29.59	25.50	20.85	20.06	16.41	12.91	11.11
Dividend Yield	1.97%	1.79%	1.80%	1.71%	1.74%	1.86%	1.69%	1.79%	2.00%	2.22%
Earnings Yield	3.23%	3.13%	3.33%	3.38%	3.92%	4.80%	4.99%	6.09%	7.75%	9.00%
Enterprise Value to Invested Capital (EV/IC)	9.69	11.07	10.79	11.65	10.71	9.37	9.79	9.37	7.88	6.49
Enterprise Value to Revenue (EV/Rev)	1.16	1.28	1.26	1.28	1.18	1.01	1.02	0.87	0.71	0.63
Enterprise Value to EBITDA (EV/EBITDA)	18.33	19.06	18.11	17.87	15.58	12.85	12.73	10.57	8.38	7.51
Enterprise Value to EBIT (EV/EBIT)	22.53	23.22	21.75	21.26	18.23	14.79	14.43	11.80	9.23	8.22
Enterprise Value to NOPAT (EV/NOPAT)	29.25	30.40	28.67	28.04	24.00	19.53	19.05	15.59	12.15	10.77
Enterprise Value to Operating Cash Flow (EV/OCF)	19.57	19.56	17.88	18.46	15.94	11.89	10.67	9.02	8.47	9.86
Enterprise Value to Free Cash Flow (EV/FCFF)	28.21	23.06	20.27	20.22	18.21	13.52	12.23	10.17	9.37	12.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.07	0.07	0.06	0.07	0.07	0.09	0.10	0.12	0.13
Long-Term Debt to Equity	0.07	0.04	0.05	0.04	0.04	0.04	0.05	0.06	0.08	0.08
Financial Leverage	-0.40	-0.43	-0.38	-0.39	-0.33	-0.28	-0.19	-0.17	-0.16	-0.18
Leverage Ratio	1.85	1.75	1.80	1.83	2.00	2.00	2.08	2.17	2.27	2.20
Compound Leverage Factor	1.88	1.79	1.85	1.88	2.05	2.03	2.09	2.18	2.27	2.18
Debt to Total Capital	9.52%	6.66%	6.83%	6.02%	6.74%	6.74%	7.86%	9.13%	10.44%	11.14%
Short-Term Debt to Total Capital	3.08%	2.54%	2.60%	2.47%	2.64%	2.61%	2.93%	3.28%	3.65%	3.80%
Long-Term Debt to Total Capital	6.44%	4.12%	4.23%	3.55%	4.10%	4.13%	4.93%	5.85%	6.79%	7.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.48%	93.34%	93.17%	93.98%	93.26%	93.26%	92.14%	90.87%	89.56%	88.86%
Debt to EBITDA	0.33	0.22	0.22	0.18	0.18	0.17	0.17	0.17	0.16	0.17
Net Debt to EBITDA	-1.52	-1.42	-1.27	-1.29	-1.17	-0.93	-0.66	-0.52	-0.46	-0.18
Long-Term Debt to EBITDA	0.23	0.14	0.13	0.11	0.11	0.10	0.10	0.11	0.11	0.11
Debt to NOPAT	0.53	0.36	0.34	0.28	0.27	0.25	0.25	0.24	0.24	0.24
Net Debt to NOPAT	-2.42	-2.26	-2.01	-2.03	-1.80	-1.41	-0.99	-0.76	-0.67	-0.26
Long-Term Debt to NOPAT	0.36	0.22	0.21	0.17	0.17	0.15	0.16	0.16	0.16	0.16
Altman Z-Score	9.73	11.02	10.92	11.45	10.64	10.48	10.96	10.59	9.51	8.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	2.21	2.17	2.22	2.00	2.08	1.98	1.83	1.64	1.58
Quick Ratio	1.93	2.16	2.10	2.20	1.97	2.04	1.92	1.81	1.61	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	52	114	140	135	140	193	255	283	223	42
Operating Cash Flow to CapEx	1,874.33%	1,789.32%	851.80%	1,224.12%	1,041.17%	15,693.56%	1,522.62%	3,030.41%	7,953.80%	1,702.43%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	645.00	40.12
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	539.94	216.55
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	533.15	203.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.67	2.67	2.72	2.81	2.84	3.01	3.27	3.55	3.74	3.95
Accounts Receivable Turnover	6.35	5.97	5.82	5.87	5.86	5.53	5.61	6.00	6.52	6.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.18	16.79	16.77	17.20	17.70	19.07	20.61	22.51	23.52	24.74
Accounts Payable Turnover	9.61	8.64	8.56	8.86	8.81	8.00	8.46	9.59	10.26	10.14
Days Sales Outstanding (DSO)	57.49	61.18	62.68	62.20	62.33	66.02	65.01	60.80	55.94	55.42
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	37.99	42.25	42.62	41.22	41.42	45.65	43.13	38.06	35.58	36.01
Cash Conversion Cycle (CCC)	19.50	18.94	20.07	20.99	20.90	20.38	21.87	22.75	20.36	19.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	579	557	570	553	586	622	659	641	669	754
Invested Capital Turnover	8.28	8.17	7.96	8.44	8.45	8.39	8.36	9.28	10.14	10.63
Increase / (Decrease) in Invested Capital	-7.05	-65	-89	-89	-83	-132	-189	-205	-129	59
Enterprise Value (EV)	5,609	6,168	6,154	6,438	6,273	5,827	6,451	6,012	5,271	4,892
Market Capitalization	6,073	6,627	6,585	6,903	6,742	6,248	6,785	6,306	5,561	5,011
Book Value per Share	$27.52	$28.66	$27.99	$28.47	$27.37	$29.02	$27.65	$26.04	$24.70	$23.97
Tangible Book Value per Share	$26.37	$27.50	$26.82	$27.29	$26.20	$27.85	$26.48	$24.88	$23.55	$22.84
Total Capital	1,075	1,088	1,074	1,083	1,055	1,119	1,078	1,030	991	983
Total Debt	102	73	73	65	71	75	85	94	103	109
Total Long-Term Debt	69	45	45	38	43	46	53	60	67	72
Net Debt	-464	-459	-431	-465	-470	-421	-334	-294	-290	-119
Capital Expenditures (CapEx)	3.26	4.64	5.65	7.70	8.63	0.71	3.46	4.59	2.34	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	113	215	233	217	165	258	293	258	204	352
Debt-free Net Working Capital (DFNWC)	680	746	737	747	705	755	712	646	597	581
Net Working Capital (NWC)	647	719	709	721	678	725	681	613	561	543
Net Nonoperating Expense (NNE)	-0.76	-0.91	-1.26	-1.23	-1.42	-0.79	-0.23	-0.56	0.26	0.79
Net Nonoperating Obligations (NNO)	-394	-459	-431	-465	-398	-421	-334	-294	-218	-119
Total Depreciation and Amortization (D&A)	13	15	15	14	14	14	15	15	15	15
Debt-free, Cash-free Net Working Capital to Revenue	2.35%	4.47%	4.77%	4.31%	3.11%	4.47%	4.66%	3.74%	2.74%	4.57%
Debt-free Net Working Capital to Revenue	14.11%	15.50%	15.08%	14.83%	13.30%	13.07%	11.31%	9.37%	8.03%	7.54%
Net Working Capital to Revenue	13.42%	14.93%	14.51%	14.30%	12.78%	12.57%	10.81%	8.88%	7.55%	7.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.30	$1.41	$1.48	$1.32	$1.63	$1.71	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	35.54M	35.42M	35.65M	35.75M	35.92M	35.95M	35.95M	35.93M	36.63M	35.93M
Adjusted Diluted Earnings per Share	$1.30	$1.41	$1.48	$1.32	$1.63	$1.71	$1.85	$2.17	$2.61	$2.76
Adjusted Weighted Average Diluted Shares Outstanding	35.54M	35.42M	35.65M	35.75M	35.92M	35.95M	35.94M	35.98M	36.63M	36.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.32M	35.33M	35.45M	35.76M	35.72M	35.95M	35.95M	35.93M	35.93M	35.93M
Normalized Net Operating Profit after Tax (NOPAT)	45	49	51	46	57	61	66	78	94	101
Normalized NOPAT Margin	3.76%	4.05%	4.19%	3.92%	4.70%	4.72%	4.83%	5.41%	5.59%	5.56%
Pre Tax Income Margin	4.86%	5.30%	5.69%	5.26%	6.35%	6.31%	6.42%	7.11%	7.40%	7.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	360.39	127.51
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	271.19	96.48
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	353.60	114.79
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	264.40	83.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.48%	57.57%	54.11%	50.45%	44.30%	38.73%	34.04%	29.57%	26.84%	25.37%
Augmented Payout Ratio	103.03%	113.97%	97.42%	66.95%	64.69%	43.88%	60.28%	79.55%	93.21%	104.87%

Frequently Asked Questions About Landstar System's Financials

When does Landstar System's financial year end?

According to the most recent income statement we have on file, Landstar System's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Landstar System's net income changed over the last 9 years?

Landstar System's net income appears to be on an upward trend, with a most recent value of $195.95 million in 2024, rising from $147.69 million in 2015. The previous period was $264.39 million in 2023. Check out Landstar System's forecast to explore projected trends and price targets.

What is Landstar System's operating income?

Landstar System's total operating income in 2024 was $248.91 million, based on the following breakdown:

Total Gross Profit: $1.07 billion
Total Operating Expenses: $825.10 million

How has Landstar System revenue changed over the last 9 years?

Over the last 9 years, Landstar System's total revenue changed from $3.32 billion in 2015 to $4.82 billion in 2024, a change of 45.1%.

How much debt does Landstar System have?

Landstar System's total liabilities were at $840.87 million at the end of 2024, a 2.8% increase from 2023, and a 60.1% increase since 2015.

How much cash does Landstar System have?

In the past 9 years, Landstar System's cash and equivalents has ranged from $114.52 million in 2015 to $515.02 million in 2024, and is currently $515.02 million as of their latest financial filing in 2024.

How has Landstar System's book value per share changed over the last 9 years?

Over the last 9 years, Landstar System's book value per share changed from 10.80 in 2015 to 27.52 in 2024, a change of 154.9%.

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This page (NASDAQ:LSTR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Landstar System (LSTR) Financials

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Landstar System (LSTR) Financials

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