Landstar System (LSTR) Financials

$131.71 -3.64 (-2.69%)

Closing price 04:00 PM Eastern

Extended Trading

$133.10 +1.39 (+1.06%)

As of 07:26 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	148	137	177	255	228	192	382	431	264	196
Consolidated Net Income / (Loss)	148	137	177	255	228	192	382	431	264	196
Net Income / (Loss) Continuing Operations	148	137	177	255	228	192	382	431	264	196
Total Pre-Tax Income	239	219	241	328	296	249	502	567	348	254
Total Operating Income	242	223	244	332	299	253	506	571	344	249
Total Gross Profit	770	752	841	1,045	957	940	1,423	1,633	1,235	1,074
Total Revenue	3,321	3,168	3,646	4,615	4,085	4,133	6,538	7,437	5,303	4,819
Operating Revenue	3,321	3,168	3,646	4,615	4,085	4,133	6,538	7,437	5,303	4,819
Total Cost of Revenue	2,551	2,416	2,805	3,570	3,127	3,193	5,115	5,804	4,068	3,745
Operating Cost of Revenue	2,551	2,416	2,805	3,570	3,127	3,193	5,115	5,804	4,068	3,745
Total Operating Expenses	528	529	597	713	658	687	917	1,061	891	825
Selling, General & Admin Expense	452	437	497	598	538	539	765	881	729	669
Marketing Expense	49	57	63	76	80	88	105	126	114	114
Depreciation Expense	29	36	41	44	44	46	50	57	58	57
Other Operating Expenses / (Income)	-1.40	-1.50	-2.50	-3.82	-5.04	-3.40	-2.86	-3.16	-10	-15
Total Other Income / (Expense), net	-2.95	-3.79	-3.17	-3.35	-3.14	-3.95	-3.98	-3.62	3.95	5.42
Interest Expense	2.95	3.79	3.17	3.35	3.14	3.95	3.98	3.62	-3.95	-5.42
Income Tax Expense	91	82	64	73	68	57	120	137	84	58
Basic Earnings per Share	$3.38	$3.26	$4.22	$6.19	-	-	$9.98	$11.76	$7.36	$5.51
Weighted Average Basic Shares Outstanding	43.66M	42.11M	41.94M	41.27M	39.48M	38.39M	38.24M	36.63M	35.92M	35.54M
Diluted Earnings per Share	$3.37	$3.25	$4.21	$6.18	$5.72	$4.98	$9.98	$11.76	$7.36	$5.51
Weighted Average Diluted Shares Outstanding	43.81M	42.24M	42.02M	41.31M	39.79M	38.60M	38.24M	36.63M	35.92M	35.54M
Weighted Average Basic & Diluted Shares Outstanding	2.11B	6.87B	2.95B	981.90M	39.48M	38.39M	37.29M	35.93M	35.72M	35.32M
Cash Dividends to Common per Share	$0.30	$0.34	$1.88	$0.63	$2.70	$2.79	$2.92	$3.10	$3.26	$3.38

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Landstar System's Financials

When does Landstar System's fiscal year end?

According to the most recent income statement we have on file, Landstar System's financial year ends in December. Their financial 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. View Landstar System's forecast to see where analysts expect Landstar System to go next.

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%.

Related Companies

This page (NASDAQ:LSTR) was last updated on 5/6/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Landstar System (LSTR) Financials

Frequently Asked Questions About Landstar System's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Landstar System (LSTR) Financials

Annual Income Statements for Landstar System

Quarterly Income Statements for Landstar System

Annual Cash Flow Statements for Landstar System

Quarterly Cash Flow Statements for Landstar System

Annual Balance Sheets for Landstar System

Quarterly Balance Sheets for Landstar System

Annual Metrics and Ratios for Landstar System

Quarterly Metrics and Ratios for Landstar System

Frequently Asked Questions About Landstar System's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools