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Landstar System (LSTR) Financials

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$175.47 -3.45 (-1.93%)
As of 03:05 PM Eastern
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Annual Income Statements for Landstar System

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 2025
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 12/27/2025
Net Income / (Loss) Attributable to Common Shareholders		 148 137 177 255 228 192 382 431 264 196 115
Consolidated Net Income / (Loss)		 148 137 177 255 228 192 382 431 264 196 115
Net Income / (Loss) Continuing Operations		 148 137 177 255 228 192 382 431 264 196 115
Total Pre-Tax Income 		239 219 241 328 296 249 502 567 348 254 151
Total Operating Income		 242 223 244 332 299 253 506 571 344 249 152
Total Gross Profit		 770 752 841 1,045 957 940 1,423 1,633 1,235 1,074 1,055
Total Revenue		 3,321 3,168 3,646 4,615 4,085 4,133 6,538 7,437 5,303 4,819 4,744
Operating Revenue		 3,321 3,168 3,646 4,615 4,085 4,133 6,538 7,437 5,303 4,819 4,744
Total Cost of Revenue		 2,551 2,416 2,805 3,570 3,127 3,193 5,115 5,804 4,068 3,745 3,688
Operating Cost of Revenue		 2,551 2,416 2,805 3,570 3,127 3,193 5,115 5,804 4,068 3,745 3,688
Total Operating Expenses		 528 529 597 713 658 687 917 1,061 891 825 904
Selling, General & Admin Expense		 452 437 497 598 538 539 765 881 729 669 680
Marketing Expense		 49 57 63 76 80 88 105 126 114 114 159
Depreciation Expense		 29 36 41 44 44 46 50 57 58 57 46
Other Operating Expenses / (Income)		 -1.40 -1.50 -2.50 -3.82 -5.04 -3.40 -2.86 -3.16 -10 -15 -14
Impairment Charge		 - - - 0.00 0.00 2.58 - - 0.00 0.00 32
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 -1.00
Interest Expense		 2.95 3.79 3.17 3.35 3.14 3.95 3.98 3.62 -3.95 -5.42 1.00
Income Tax Expense		 91 82 64 73 68 57 120 137 84 58 36
Basic Earnings per Share		 $3.38 $3.26 $4.22 $6.19 - - $9.98 $11.76 $7.36 $5.51 $3.31
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 34.72M
Diluted Earnings per Share		 $3.37 $3.25 $4.21 $6.18 $5.72 $4.98 $9.98 $11.76 $7.36 $5.51 $3.31
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 34.72M
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 34.06M
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 $3.56

Quarterly Income Statements for Landstar System

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 62 58 47 53 50 46 30 42 19 24 39
Consolidated Net Income / (Loss)		 62 58 47 53 50 46 30 42 19 24 39
Net Income / (Loss) Continuing Operations		 62 58 47 53 50 46 30 42 19 24 39
Total Pre-Tax Income 		81 76 62 70 64 59 40 56 26 29 53
Total Operating Income		 80 75 60 68 63 58 39 56 26 30 53
Total Gross Profit		 303 277 266 275 270 263 255 270 269 262 264
Total Revenue		 1,289 1,204 1,171 1,225 1,214 1,209 1,153 1,211 1,205 1,174 1,171
Operating Revenue		 1,289 1,204 1,171 1,225 1,214 1,209 1,153 1,211 1,205 1,174 1,171
Total Cost of Revenue		 987 927 906 950 944 946 898 941 936 913 907
Operating Cost of Revenue		 987 927 906 950 944 946 898 941 936 913 907
Total Operating Expenses		 222 203 206 207 207 206 215 214 243 232 211
Selling, General & Admin Expense		 181 165 169 169 165 167 167 175 171 167 168
Marketing Expense		 30 27 26 27 30 30 40 30 33 56 36
Depreciation Expense		 14 14 14 14 15 13 12 12 12 11 11
Other Operating Expenses / (Income)		 -3.02 -3.27 -3.41 -3.65 -3.92 -3.82 -3.60 -3.73 -3.29 -3.07 -2.97
Total Other Income / (Expense), net		 1.05 1.87 1.61 1.68 1.17 0.96 0.16 -0.70 -0.22 -0.24 -0.52
Interest Expense		 -1.05 -1.87 -1.61 -1.68 -1.17 -0.96 -0.16 0.70 0.22 0.24 0.52
Income Tax Expense		 20 18 14 17 14 13 9.77 14 6.75 5.37 13
Basic Earnings per Share		 $1.71 $1.63 $1.32 $1.48 $1.41 $1.30 $0.85 $1.20 $0.56 $0.70 $1.16
Weighted Average Basic Shares Outstanding		 35.95M 35.92M 35.75M 35.65M 35.42M 35.54M 35.20M 34.87M 34.58M 34.72M 34.02M
Diluted Earnings per Share		 $1.71 $1.63 $1.32 $1.48 $1.41 $1.30 $0.85 $1.20 $0.56 $0.70 $1.16
Weighted Average Diluted Shares Outstanding		 35.95M 35.92M 35.75M 35.65M 35.42M 35.54M 35.20M 34.87M 34.58M 34.72M 34.02M
Weighted Average Basic & Diluted Shares Outstanding		 35.95M 35.72M 35.76M 35.45M 35.33M 35.32M 34.95M 34.65M 34.34M 34.06M 33.93M
Cash Dividends to Common per Share		 $0.33 $2.33 $0.33 $0.33 $0.36 $2.36 $0.36 $0.40 $0.40 $2.40 $0.40

Annual Cash Flow Statements for Landstar System

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 2025
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 12/27/2025
Net Change in Cash & Equivalents		 -49 64 64 -43 120 -70 -30 120 141 34 -118
Net Cash From Operating Activities		 216 190 139 298 308 211 277 623 394 287 225
Net Cash From Continuing Operating Activities		 216 190 139 298 308 100 277 623 394 287 225
Net Income / (Loss) Continuing Operations		 148 137 177 255 228 192 382 431 264 196 115
Consolidated Net Income / (Loss)		 148 137 177 255 228 192 382 431 264 196 115
Depreciation Expense		 29 36 41 44 44 46 50 57 58 57 46
Amortization Expense		 0.22 0.24 0.25 0.25 0.25 0.33 0.45 0.36 0.26 0.26 0.26
Non-Cash Adjustments To Reconcile Net Income		 13 5.01 14 25 13 14 31 22 14 20 53
Changes in Operating Assets and Liabilities, net		 26 12 -93 -26 22 -152 -186 112 57 14 10
Net Cash From Investing Activities		 -8.67 -14 -22 -8.19 -19 -28 -73 -25 -6.48 -10 -2.36
Net Cash From Continuing Investing Activities		 -8.67 -14 -22 -8.19 -18 -29 -73 -25 -6.48 -10 -2.36
Purchase of Property, Plant & Equipment		 -4.80 -23 -16 -9.75 -19 -31 -23 -26 -26 -31 -9.88
Purchase of Investments		 -44 -44 -59 -54 -66 -26 -85 -45 -102 -101 -163
Sale of Property, Plant & Equipment		 1.69 10 4.03 4.02 3.99 7.76 2.97 5.24 8.29 9.75 6.93
Sale and/or Maturity of Investments		 39 42 56 52 63 23 32 41 113 112 163
Net Cash From Financing Activities		 -255 -112 -54 -331 -171 -252 -233 -476 -248 -237 -343
Net Cash From Continuing Financing Activities		 -255 -112 -54 -331 -171 -252 -233 -476 -248 -237 -343
Repayment of Debt		 -37 -49 -47 -43 -46 -24 4.09 -64 -68 -32 -38
Repurchase of Common Equity		 -161 -51 - -208 -89 -116 -123 -286 -54 -81 -180
Payment of Dividends		 -58 -14 -16 -89 -28 -110 -112 -116 -117 -120 -125
Other Financing Activities, net		 -0.10 0.67 2.30 -3.49 -7.40 -2.60 -2.35 -10 -9.16 -3.93 -0.93
Other Net Changes in Cash		 - - - - - - - -2.20 - -4.75 2.47

Quarterly Cash Flow Statements for Landstar System

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
Net Change in Cash & Equivalents		 79 41 -13 -30 31 46 -98 -58 16 22 -43
Net Cash From Operating Activities		 112 90 94 48 83 61 56 7.14 89 73 78
Net Cash From Continuing Operating Activities		 112 90 94 48 83 61 56 7.14 89 73 78
Net Income / (Loss) Continuing Operations		 62 58 47 53 50 46 30 42 19 24 39
Consolidated Net Income / (Loss)		 62 58 47 53 50 46 30 42 19 24 39
Depreciation Expense		 14 14 14 14 15 13 12 12 12 11 11
Amortization Expense		 0.07 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		 3.42 2.81 5.33 6.57 3.53 4.68 7.81 4.52 35 5.95 2.26
Changes in Operating Assets and Liabilities, net		 33 15 28 -26 14 -2.55 5.79 -51 24 32 26
Net Cash From Investing Activities		 -1.60 -4.93 -3.64 -6.84 -0.74 0.72 1.15 -1.92 1.10 -2.68 -5.80
Net Cash From Continuing Investing Activities		 -1.60 -4.93 -3.64 -6.84 -0.74 0.72 1.15 -1.92 1.10 -2.68 -5.80
Purchase of Property, Plant & Equipment		 -2.76 -10 -9.28 -7.50 -7.48 -6.74 -1.90 -2.48 -3.29 -2.21 -5.81
Purchase of Investments		 -31 -16 -16 -41 -17 -27 -48 -39 -32 -44 -36
Sale of Property, Plant & Equipment		 2.05 1.66 1.59 1.85 2.83 3.48 4.28 1.41 0.71 0.53 1.17
Sale and/or Maturity of Investments		 30 19 20 40 21 31 47 38 36 43 35
Net Cash From Financing Activities		 -30 -45 -103 -69 -51 -13 -155 -66 -73 -50 -115
Net Cash From Continuing Financing Activities		 -30 -45 -103 -69 -51 -13 -155 -66 -73 -50 -115
Repayment of Debt		 -18 5.14 -17 -0.98 -16 2.13 -10 -9.76 -18 0.62 -9.78
Repurchase of Common Equity		 - -38 0.00 -57 -22 -2.70 -60 -42 -41 -37 -22
Payment of Dividends		 -12 -12 -83 -12 -13 -13 -83 -14 -14 -14 -82
Other Financing Activities, net		 -0.02 0.00 -3.06 -0.20 -0.67 - -0.91 -0.01 -0.02 - -1.04
Effect of Exchange Rate Changes		 - - - - - - 0.16 - - - -0.78

Annual Balance Sheets for Landstar System

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 2025
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 12/27/2025
Total Assets		 992 1,097 1,352 1,381 1,428 1,654 2,045 1,932 1,802 1,813 1,636
Total Current Assets		 656 737 961 971 998 1,208 1,523 1,439 1,353 1,320 1,216
Cash & Equivalents		 115 179 242 200 320 249 216 340 481 515 397
Short-Term Investments		 49 67 49 40 33 41 36 54 60 52 56
Note & Lease Receivable		 - - - - - - - - - - 53
Accounts Receivable		 481 482 655 715 624 899 1,255 1,024 787 731 670
Other Current Assets		 12 10 14 16 21 19 16 22 25 22 29
Other Current Nonoperating Assets		 - - - - - - - - - 0.00 12
Plant, Property, & Equipment, net		 226 273 276 284 286 297 317 315 284 311 261
Total Noncurrent Assets		 109 86 115 125 144 149 205 177 165 182 158
Goodwill		 31 31 39 38 39 41 41 41 42 41 34
Other Noncurrent Operating Assets		 78 55 76 87 105 108 164 136 123 141 124
Total Liabilities & Shareholders' Equity		 992 1,097 1,352 1,381 1,428 1,654 2,045 1,932 1,802 1,813 1,636
Total Liabilities		 525 554 699 691 706 962 1,183 1,045 818 841 840
Total Current Liabilities		 370 380 549 536 553 806 1,010 878 675 673 696
Short-Term Debt		 42 45 42 - 43 35 37 36 28 33 28
Accounts Payable		 224 219 285 314 272 381 604 527 396 384 370
Dividends Payable		 - - 63 - 79 77 75 72 71 71 68
Other Current Liabilities		 103 108 128 192 159 313 294 243 180 186 223
Other Current Nonoperating Liabilities		 - - - - - - - - - 0.00 6.96
Total Noncurrent Liabilities		 156 174 150 156 153 156 173 167 143 168 144
Long-Term Debt		 - - - 85 70 65 75 67 43 69 48
Asset Retirement Reserve & Litigation Obligation		 21 27 30 30 34 39 50 58 59 63 63
Noncurrent Deferred & Payable Income Tax Liabilities		 52 54 37 40 50 52 49 41 41 36 33
Total Equity & Noncontrolling Interests		 466 543 654 689 721 692 862 887 984 972 796
Total Preferred & Common Equity		 466 543 651 687 721 692 862 887 984 972 796
Total Common Equity		 466 543 651 687 721 692 862 887 984 972 796
Common Stock		 197 200 210 228 227 230 256 259 255 256 262
Retained Earnings		 1,390 1,513 1,611 1,841 1,962 2,046 2,317 2,636 2,784 2,860 2,853
Treasury Stock		 -1,117 -1,167 -1,168 -1,376 -1,465 -1,582 -1,706 -1,993 -2,048 -2,131 -2,313
Accumulated Other Comprehensive Income / (Loss)		 -3.49 -3.09 -3.16 -5.88 -2.21 -2.00 -5.40 -15 -6.87 -12 -5.71

Quarterly Balance Sheets for Landstar System

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/24/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 3/28/2026
Total Assets		 1,989 1,838 1,838 1,853 1,746 1,755 1,757 1,716 1,700 1,662 1,602
Total Current Assets		 1,485 1,354 1,374 1,396 1,310 1,315 1,311 1,242 1,237 1,245 1,184
Cash & Equivalents		 178 341 361 440 468 438 469 417 359 375 353
Short-Term Investments		 51 47 59 57 63 66 62 56 67 59 58
Note & Lease Receivable		 - - - - - - - - - - 48
Accounts Receivable		 1,221 953 913 868 764 767 746 752 766 752 692
Other Current Assets		 35 13 42 31 16 45 34 17 45 44 20
Other Current Nonoperating Assets		 - - - - - - - - - 14 12
Plant, Property, & Equipment, net		 322 306 297 284 280 286 289 298 288 262 256
Total Noncurrent Assets		 182 178 167 173 156 154 157 177 175 155 163
Goodwill		 41 42 42 42 42 42 41 41 41 34 34
Other Noncurrent Operating Assets		 141 136 125 131 114 112 115 136 133 121 129
Total Liabilities & Shareholders' Equity		 1,989 1,838 1,838 1,853 1,746 1,755 1,757 1,716 1,700 1,662 1,602
Total Liabilities		 1,115 902 844 809 728 754 741 785 778 773 803
Total Current Liabilities		 942 741 693 670 590 606 593 612 619 619 631
Short-Term Debt		 37 34 32 29 27 28 28 32 31 29 26
Accounts Payable		 644 490 479 465 384 402 398 390 402 403 397
Dividends Payable		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Current Liabilities		 260 217 183 176 179 176 167 191 187 183 199
Other Current Nonoperating Liabilities		 - - - - - - - - - 4.25 8.47
Total Noncurrent Liabilities		 174 161 151 139 138 149 149 173 159 154 173
Long-Term Debt		 72 60 53 46 38 45 45 62 55 48 43
Asset Retirement Reserve & Litigation Obligation		 56 58 57 57 60 60 60 75 73 68 97
Noncurrent Deferred & Payable Income Tax Liabilities		 46 43 41 36 40 43 44 36 31 39 33
Total Equity & Noncontrolling Interests		 873 936 994 1,043 1,018 1,001 1,016 931 922 889 799
Total Preferred & Common Equity		 873 936 994 1,043 1,018 1,001 1,016 931 922 889 799
Total Common Equity		 873 936 994 1,043 1,018 1,001 1,016 931 922 889 799
Common Stock		 256 254 254 255 255 257 256 258 260 261 264
Retained Earnings		 2,625 2,703 2,759 2,809 2,819 2,860 2,897 2,877 2,905 2,911 2,879
Treasury Stock		 -1,993 -2,009 -2,009 -2,009 -2,049 -2,106 -2,129 -2,193 -2,236 -2,276 -2,337
Accumulated Other Comprehensive Income / (Loss)		 -15 -12 -10 -12 -6.84 -9.48 -8.56 -11 -7.16 -6.75 -7.09

Annual Metrics And Ratios for Landstar System

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 2025
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 12/27/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.28% -4.62% 15.11% 26.57% -11.50% 1.19% 58.18% 13.75% -28.69% -9.13% -1.57%
EBITDA Growth		 7.48% -4.33% 9.83% 31.88% -8.50% -12.95% 85.77% 13.17% -35.99% -24.01% -35.20%
EBIT Growth		 7.73% -7.64% 9.28% 35.97% -9.90% -15.37% 99.91% 12.94% -39.74% -27.67% -39.10%
NOPAT Growth		 6.19% -6.55% 28.34% 43.77% -10.74% -15.19% 97.05% 12.77% -39.72% -26.64% -39.63%
Net Income Growth		 6.40% -7.00% 28.86% 44.19% -10.78% -15.63% 98.60% 12.95% -38.64% -25.89% -41.31%
EPS Growth		 9.77% -3.56% 29.54% 46.79% -7.44% -12.94% 100.40% 17.84% -37.42% -25.14% -39.93%
Operating Cash Flow Growth		 112.06% -11.93% -26.95% 114.37% 3.34% -31.55% 31.33% 125.00% -36.78% -27.20% -21.52%
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% 6.33%
Invested Capital Growth		 -3.66% 1.92% 26.46% -2.98% 4.99% 3.17% 37.89% -16.16% -12.43% -1.20% -16.52%
Revenue Q/Q Growth		 -0.43% 1.42% 4.55% 2.92% -4.39% 7.87% 11.02% -3.51% -8.15% 0.10% -0.73%
EBITDA Q/Q Growth		 0.79% 1.16% 2.59% 4.59% -5.29% 6.46% 13.42% -3.48% -11.23% -5.47% -13.32%
EBIT Q/Q Growth		 0.60% 0.50% 2.64% 5.08% -6.14% 7.61% 14.58% -4.10% -12.63% -6.32% -15.70%
NOPAT Q/Q Growth		 -0.51% 1.41% 16.26% 1.48% -7.37% 8.42% 14.34% -4.52% -12.40% -5.49% -15.56%
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% -16.21%
EPS Q/Q Growth		 1.20% 1.88% 16.62% 2.15% -6.69% 9.69% 14.84% -3.13% -11.75% -5.65% -15.35%
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% 5.43%
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% 22.60%
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% -7.42%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.18% 23.74% 23.07% 22.65% 23.43% 22.75% 21.77% 21.95% 23.29% 22.29% 22.25%
EBITDA Margin		 8.16% 8.19% 7.81% 8.14% 8.41% 7.24% 8.50% 8.46% 7.59% 6.35% 4.18%
Operating Margin		 7.28% 7.05% 6.69% 7.19% 7.32% 6.12% 7.73% 7.68% 6.49% 5.16% 3.20%
EBIT Margin		 7.28% 7.05% 6.69% 7.19% 7.32% 6.12% 7.73% 7.68% 6.49% 5.16% 3.20%
Profit (Net Income) Margin		 4.45% 4.34% 4.85% 5.53% 5.57% 4.65% 5.84% 5.79% 4.99% 4.07% 2.42%
Tax Burden Percent		 61.86% 62.59% 73.50% 77.72% 76.99% 77.15% 76.05% 75.94% 75.95% 77.05% 76.38%
Interest Burden Percent		 98.78% 98.30% 98.70% 98.99% 98.95% 98.44% 99.21% 99.37% 101.15% 102.18% 99.34%
Effective Tax Rate		 38.14% 37.41% 26.50% 22.28% 23.01% 22.85% 23.95% 24.06% 24.05% 22.95% 23.62%
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% 21.80%
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% 22.02%
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% -8.80%
Return on Equity (ROE)		 30.95% 27.23% 29.59% 38.01% 32.28% 27.19% 49.11% 49.27% 28.26% 20.03% 13.01%
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% 39.82%
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% 8.79%
Return on Assets (ROA)		 14.51% 13.16% 14.45% 18.68% 16.22% 12.47% 20.63% 21.67% 14.16% 10.84% 6.67%
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% 13.01%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 150 140 179 258 230 195 385 434 261 192 116
NOPAT Margin		 4.50% 4.41% 4.92% 5.59% 5.63% 4.72% 5.88% 5.83% 4.93% 3.98% 2.44%
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% -0.22%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 43.78% 24.78% 17.84% 13.27%
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% 77.75%
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% 14.32%
R&D to Revenue		 0.00% 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% 19.05%
Earnings before Interest and Taxes (EBIT)		 242 223 244 332 299 253 506 571 344 249 152
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 271 259 285 376 344 299 556 629 403 306 198
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 6.20
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 6.48
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 1.04
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 42.91
Dividend Yield		 2.56% 0.45% 0.41% 2.48% 0.68% 2.22% 1.79% 2.00% 1.74% 1.97% 2.48%
Earnings Yield		 6.72% 4.38% 4.59% 7.23% 5.62% 3.98% 6.13% 7.75% 3.92% 3.23% 2.33%
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 9.44
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 0.96
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 23.00
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 30.08
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 39.38
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 20.27
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 21.57
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 0.10
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 0.06
Financial Leverage		 -0.09 -0.14 -0.18 -0.19 -0.22 -0.19 -0.11 -0.16 -0.33 -0.40 -0.40
Leverage Ratio		 2.13 2.07 2.05 2.04 1.99 2.18 2.38 2.27 2.00 1.85 1.95
Compound Leverage Factor		 2.11 2.03 2.02 2.01 1.97 2.15 2.36 2.26 2.02 1.89 1.94
Debt to Total Capital		 21.05% 20.31% 16.06% 10.96% 13.53% 12.71% 11.48% 10.44% 6.74% 9.52% 8.80%
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% 3.25%
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% 5.56%
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% 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% 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% 91.20%
Debt to EBITDA		 0.46 0.53 0.44 0.23 0.33 0.34 0.20 0.16 0.18 0.33 0.39
Net Debt to EBITDA		 -0.14 -0.41 -0.58 -0.41 -0.70 -0.64 -0.25 -0.46 -1.17 -1.52 -1.89
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 0.24
Debt to NOPAT		 0.83 0.99 0.70 0.33 0.49 0.52 0.29 0.24 0.27 0.53 0.66
Net Debt to NOPAT		 -0.26 -0.77 -0.93 -0.60 -1.04 -0.97 -0.36 -0.67 -1.80 -2.42 -3.24
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 0.42
Altman Z-Score		 8.97 9.28 8.64 9.44 9.29 8.04 9.05 10.28 11.13 10.08 9.55
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.27% 0.41% 0.16% 0.00% 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 1.75
Quick Ratio		 1.74 1.91 1.73 1.78 1.77 1.48 1.49 1.61 1.97 1.93 1.69
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 166 132 64 274 203 177 165 563 345 199 211
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% 7,610.22%
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 0.00 212.25
Operating Cash Flow to Interest Expense		 73.25 50.14 43.89 88.82 98.01 53.31 69.60 172.01 0.00 0.00 225.79
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 0.00 222.82
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 3.26 3.03 2.98 3.38 2.91 2.68 3.53 3.74 2.84 2.67 2.75
Accounts Receivable Turnover		 6.72 6.58 6.41 6.73 6.10 5.43 6.07 6.52 5.86 6.35 6.53
Inventory Turnover		 0.00 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 16.57
Accounts Payable Turnover		 11.50 10.90 11.12 11.91 10.67 9.79 10.39 10.26 8.81 9.61 9.79
Days Sales Outstanding (DSO)		 54.34 55.47 56.91 54.21 59.85 67.25 60.14 55.94 62.33 57.49 55.93
Days Inventory Outstanding (DIO)		 0.00 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 37.27
Cash Conversion Cycle (CCC)		 22.60 22.00 24.09 23.57 25.64 29.96 25.01 20.36 20.90 19.50 18.67
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 427 435 551 534 561 579 798 669 586 579 483
Invested Capital Turnover		 7.63 7.34 7.40 8.51 7.46 7.25 9.50 10.14 8.45 8.28 8.93
Increase / (Decrease) in Invested Capital		 -16 8.22 115 -16 27 18 219 -129 -83 -7.05 -96
Enterprise Value (EV)		 2,158 3,028 3,697 3,376 3,812 4,640 6,084 5,271 6,273 5,609 4,559
Market Capitalization		 2,197 3,135 3,860 3,529 4,052 4,830 6,223 5,561 6,742 6,073 4,935
Book Value per Share		 $10.80 $12.99 $15.50 $16.71 $18.28 $18.02 $22.62 $24.70 $27.37 $27.52 $23.17
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 $22.18
Total Capital		 591 681 779 774 834 793 974 991 1,055 1,075 872
Total Debt		 124 138 125 85 113 101 112 103 71 102 77
Total Long-Term Debt		 82 93 83 85 70 65 75 67 43 69 48
Net Debt		 -39 -107 -166 -155 -240 -190 -139 -290 -470 -464 -375
Capital Expenditures (CapEx)		 3.12 12 12 5.73 15 23 20 21 17 21 2.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 166 157 163 196 135 147 298 204 165 113 97
Debt-free Net Working Capital (DFNWC)		 329 402 455 436 488 437 549 597 705 680 549
Net Working Capital (NWC)		 287 357 413 436 445 402 513 561 678 647 520
Net Nonoperating Expense (NNE)		 1.82 2.37 2.33 2.61 2.42 3.05 3.02 2.75 -3.00 -4.18 0.76
Net Nonoperating Obligations (NNO)		 -39 -107 -103 -155 -161 -113 -64 -218 -398 -394 -313
Total Depreciation and Amortization (D&A)		 29 36 41 44 45 46 50 58 58 57 47
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% 2.04%
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% 11.57%
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% 10.97%
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 $3.31
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 34.72M
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 $3.31
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 34.72M
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 $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 34.06M
Normalized Net Operating Profit after Tax (NOPAT)		 150 140 179 258 230 209 385 434 261 192 140
Normalized NOPAT Margin		 4.50% 4.41% 4.92% 5.59% 5.63% 5.06% 5.88% 5.83% 4.93% 3.98% 2.96%
Pre Tax Income Margin		 7.19% 6.93% 6.60% 7.12% 7.24% 6.02% 7.67% 7.63% 6.56% 5.28% 3.17%
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 0.00 152.19
NOPAT to Interest Expense		 50.70 36.83 56.64 76.87 73.26 49.37 96.72 119.80 0.00 0.00 116.23
EBIT Less CapEx to Interest Expense		 80.90 55.57 73.41 97.20 90.25 58.20 122.08 152.02 0.00 0.00 149.22
NOPAT Less CapEx to Interest Expense		 49.64 33.55 52.99 75.16 68.35 43.58 91.61 114.06 0.00 0.00 113.27
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% 108.48%
Augmented Payout Ratio		 148.31% 47.21% 9.00% 116.38% 51.41% 117.37% 61.51% 93.21% 64.69% 103.03% 264.87%

Quarterly Metrics And Ratios for Landstar System

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026
DEI Shares Outstanding		 - - - - - - - - - - 34,058,726.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 34,058,726.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.16
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -29.01% -28.08% -18.43% -10.83% -5.85% 0.41% -1.58% -1.11% -0.70% -2.88% 1.63%
EBITDA Growth		 -36.03% -36.59% -36.36% -19.76% -17.11% -20.06% -30.28% -17.09% -51.75% -43.15% 23.50%
EBIT Growth		 -39.81% -40.03% -40.80% -22.62% -21.45% -22.52% -34.26% -17.31% -58.29% -48.85% 35.05%
NOPAT Growth		 -39.75% -39.54% -40.93% -22.57% -19.29% -19.68% -35.27% -17.41% -60.25% -46.87% 34.16%
Net Income Growth		 -38.48% -37.85% -39.77% -20.94% -18.85% -20.34% -36.71% -20.39% -61.30% -48.17% 32.32%
EPS Growth		 -38.04% -37.55% -39.17% -20.00% -17.54% -20.25% -35.61% -18.92% -60.28% -46.15% 36.47%
Operating Cash Flow Growth		 -50.58% -51.76% -32.24% -8.66% -25.84% -31.98% -40.88% -85.17% 7.51% 18.96% 40.42%
Free Cash Flow Firm Growth		 360.16% -37.21% -52.39% -44.98% -41.15% -62.43% -76.92% -77.55% -51.77% 128.20% 341.20%
Invested Capital Growth		 -17.56% -12.43% -13.84% -13.50% -10.40% -1.20% -0.25% 1.91% -6.34% -16.52% -17.65%
Revenue Q/Q Growth		 -6.15% -6.58% -2.77% 4.61% -0.91% -0.37% -4.70% 5.11% -0.49% -2.57% -0.27%
EBITDA Q/Q Growth		 -7.95% -6.84% -15.99% 11.38% -4.91% -10.16% -26.73% 32.46% -44.67% 5.86% 59.17%
EBIT Q/Q Growth		 -8.64% -7.20% -19.59% 13.51% -7.26% -8.47% -31.77% 42.77% -53.22% 12.25% 80.14%
NOPAT Q/Q Growth		 -8.24% -7.05% -18.93% 11.98% -4.36% -7.51% -34.66% 42.89% -53.97% 23.64% 64.99%
Net Income Q/Q Growth		 -7.37% -5.95% -18.78% 11.74% -4.92% -7.67% -35.48% 40.55% -53.78% 23.65% 64.72%
EPS Q/Q Growth		 -7.57% -4.68% -19.02% 12.12% -4.73% -7.80% -34.62% 41.18% -53.33% 25.00% 65.71%
Operating Cash Flow Q/Q Growth		 112.63% -19.80% 4.84% -48.91% 72.63% -26.44% -8.87% -87.18% 1,151.51% -18.60% 7.56%
Free Cash Flow Firm Q/Q Growth		 -24.22% -27.72% -3.61% 4.23% -18.95% -53.86% -40.78% 1.37% 74.11% 118.32% 14.50%
Invested Capital Q/Q Growth		 -5.67% -5.79% -5.65% 3.16% -2.28% 3.88% -4.74% 5.40% -10.20% -7.42% -6.03%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.47% 23.03% 22.67% 22.44% 22.25% 21.79% 22.09% 22.29% 22.31% 22.30% 22.56%
EBITDA Margin		 7.35% 7.33% 6.33% 6.74% 6.47% 5.84% 4.49% 5.65% 3.14% 3.42% 5.45%
Operating Margin		 6.23% 6.19% 5.12% 5.56% 5.20% 4.78% 3.42% 4.65% 2.18% 2.52% 4.55%
EBIT Margin		 6.23% 6.19% 5.12% 5.56% 5.20% 4.78% 3.42% 4.65% 2.18% 2.52% 4.55%
Profit (Net Income) Margin		 4.78% 4.81% 4.02% 4.30% 4.12% 3.82% 2.59% 3.46% 1.61% 2.04% 3.37%
Tax Burden Percent		 75.75% 75.87% 76.49% 75.46% 77.83% 78.65% 75.31% 75.37% 74.17% 81.69% 74.81%
Interest Burden Percent		 101.30% 102.50% 102.69% 102.46% 101.85% 101.67% 100.40% 98.76% 99.18% 99.19% 99.03%
Effective Tax Rate		 24.25% 24.13% 23.51% 24.54% 22.17% 21.35% 24.69% 24.63% 25.83% 18.31% 25.19%
Return on Invested Capital (ROIC)		 39.61% 39.70% 33.05% 33.35% 33.05% 31.10% 22.40% 29.12% 14.35% 18.36% 32.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 39.32% 39.24% 32.73% 33.02% 32.85% 30.90% 22.37% 29.26% 14.39% 18.42% 32.33%
Return on Net Nonoperating Assets (RNNOA)		 -11.09% -12.93% -12.72% -12.67% -14.04% -12.51% -9.70% -11.74% -6.24% -7.36% -13.54%
Return on Equity (ROE)		 28.53% 26.78% 20.33% 20.69% 19.01% 18.59% 12.70% 17.38% 8.11% 11.01% 18.68%
Cash Return on Invested Capital (CROIC)		 62.62% 54.92% 53.33% 49.40% 45.39% 34.15% 32.07% 27.06% 31.96% 39.82% 44.41%
Operating Return on Assets (OROA)		 18.73% 17.59% 14.40% 15.12% 13.87% 12.74% 9.49% 12.87% 6.10% 6.92% 13.05%
Return on Assets (ROA)		 14.38% 13.68% 11.31% 11.69% 10.99% 10.18% 7.17% 9.58% 4.49% 5.61% 9.67%
Return on Common Equity (ROCE)		 28.53% 26.78% 20.33% 20.69% 19.01% 18.59% 12.70% 17.38% 8.11% 11.01% 18.68%
Return on Equity Simple (ROE_SIMPLE)		 28.73% 0.00% 22.92% 21.92% 20.45% 0.00% 19.19% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 61 57 46 51 49 45 30 42 20 24 40
NOPAT Margin		 4.72% 4.70% 3.92% 4.19% 4.05% 3.76% 2.58% 3.50% 1.62% 2.06% 3.40%
Net Nonoperating Expense Percent (NNEP)		 0.29% 0.46% 0.32% 0.33% 0.21% 0.19% 0.03% -0.14% -0.04% -0.06% -0.11%
Return On Investment Capital (ROIC_SIMPLE)		 - 5.36% - - - 4.23% 2.90% 4.21% 2.02% 2.77% 4.59%
Cost of Revenue to Revenue		 76.53% 76.97% 77.33% 77.56% 77.75% 78.21% 77.91% 77.71% 77.69% 77.70% 77.44%
SG&A Expenses to Revenue		 14.07% 13.72% 14.39% 13.79% 13.60% 13.78% 14.47% 14.43% 14.21% 14.19% 14.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 17.24% 16.84% 17.55% 16.89% 17.05% 17.01% 18.67% 17.64% 20.13% 19.78% 18.02%
Earnings before Interest and Taxes (EBIT)		 80 75 60 68 63 58 39 56 26 30 53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 95 88 74 83 79 71 52 68 38 40 64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.99 6.85 6.78 6.58 6.52 6.25 5.59 5.29 4.76 6.20 6.67
Price to Tangible Book Value (P/TBV)		 6.24 7.16 7.08 6.86 6.80 6.52 5.85 5.53 4.95 6.48 6.97
Price to Revenue (P/Rev)		 1.08 1.27 1.37 1.35 1.38 1.26 1.08 1.02 0.89 1.04 1.12
Price to Earnings (P/E)		 20.85 25.50 29.59 30.02 31.90 30.99 29.13 29.02 30.83 42.91 42.77
Dividend Yield		 1.86% 1.74% 1.71% 1.80% 1.79% 1.97% 2.31% 2.50% 2.88% 2.48% 2.30%
Earnings Yield		 4.80% 3.92% 3.38% 3.33% 3.13% 3.23% 3.43% 3.45% 3.24% 2.33% 2.34%
Enterprise Value to Invested Capital (EV/IC)		 9.37 10.71 11.65 10.79 11.07 9.69 8.75 7.80 7.42 9.44 10.99
Enterprise Value to Revenue (EV/Rev)		 1.01 1.18 1.28 1.26 1.28 1.16 1.01 0.95 0.81 0.96 1.05
Enterprise Value to EBITDA (EV/EBITDA)		 12.85 15.58 17.87 18.11 19.06 18.33 17.02 16.83 16.94 23.00 23.72
Enterprise Value to EBIT (EV/EBIT)		 14.79 18.23 21.26 21.75 23.22 22.53 21.13 20.93 21.55 30.08 30.17
Enterprise Value to NOPAT (EV/NOPAT)		 19.53 24.00 28.04 28.67 30.40 29.25 27.48 27.19 28.26 39.38 39.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.89 15.94 18.46 17.88 19.56 19.57 19.45 21.89 18.16 20.27 20.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.52 18.21 20.22 20.27 23.06 28.21 27.26 29.09 22.47 21.57 22.35
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 0.07 0.06 0.07 0.07 0.11 0.10 0.09 0.09 0.10 0.09
Long-Term Debt to Equity		 0.04 0.04 0.04 0.05 0.04 0.07 0.07 0.06 0.05 0.06 0.05
Financial Leverage		 -0.28 -0.33 -0.39 -0.38 -0.43 -0.40 -0.43 -0.40 -0.43 -0.40 -0.42
Leverage Ratio		 2.00 2.00 1.83 1.80 1.75 1.85 1.78 1.80 1.80 1.95 1.92
Compound Leverage Factor		 2.03 2.05 1.88 1.85 1.79 1.88 1.78 1.77 1.78 1.94 1.90
Debt to Total Capital		 6.74% 6.74% 6.02% 6.83% 6.66% 9.52% 9.17% 8.48% 7.99% 8.80% 7.98%
Short-Term Debt to Total Capital		 2.61% 2.64% 2.47% 2.60% 2.54% 3.08% 3.13% 3.05% 3.05% 3.25% 3.01%
Long-Term Debt to Total Capital		 4.13% 4.10% 3.55% 4.23% 4.12% 6.44% 6.05% 5.43% 4.94% 5.56% 4.97%
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% 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% 0.00%
Common Equity to Total Capital		 93.26% 93.26% 93.98% 93.17% 93.34% 90.48% 90.83% 91.52% 92.01% 91.20% 92.02%
Debt to EBITDA		 0.17 0.18 0.18 0.22 0.22 0.33 0.33 0.32 0.34 0.39 0.33
Net Debt to EBITDA		 -0.93 -1.17 -1.29 -1.27 -1.42 -1.52 -1.34 -1.27 -1.56 -1.89 -1.62
Long-Term Debt to EBITDA		 0.10 0.11 0.11 0.13 0.14 0.23 0.22 0.20 0.21 0.24 0.21
Debt to NOPAT		 0.25 0.27 0.28 0.34 0.36 0.53 0.54 0.51 0.56 0.66 0.55
Net Debt to NOPAT		 -1.41 -1.80 -2.03 -2.01 -2.26 -2.42 -2.16 -2.04 -2.61 -3.24 -2.71
Long-Term Debt to NOPAT		 0.15 0.17 0.17 0.21 0.22 0.36 0.35 0.33 0.35 0.42 0.34
Altman Z-Score		 10.48 10.64 11.45 10.92 11.02 9.73 9.64 9.51 9.11 9.31 9.99
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.08 2.00 2.22 2.17 2.21 1.96 2.03 2.00 2.01 1.75 1.88
Quick Ratio		 2.04 1.97 2.20 2.10 2.16 1.93 2.00 1.93 1.92 1.69 1.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 193 140 135 140 114 52 31 32 55 120 137
Operating Cash Flow to CapEx		 15,693.56% 1,041.17% 1,224.12% 851.80% 1,789.32% 1,874.33% 0.00% 668.98% 3,459.84% 4,328.15% 1,685.22%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45.14 252.81 499.05 264.76
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.23 411.67 302.97 150.99
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.70 399.77 295.97 142.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 3.01 2.84 2.81 2.72 2.67 2.67 2.77 2.77 2.80 2.75 2.87
Accounts Receivable Turnover		 5.53 5.86 5.87 5.82 5.97 6.35 6.33 6.25 6.38 6.53 6.60
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 19.07 17.70 17.20 16.77 16.79 16.18 16.64 16.69 17.32 16.57 17.22
Accounts Payable Turnover		 8.00 8.81 8.86 8.56 8.64 9.61 9.66 9.28 9.30 9.79 9.41
Days Sales Outstanding (DSO)		 66.02 62.33 62.20 62.68 61.18 57.49 57.63 58.43 57.23 55.93 55.32
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 45.65 41.42 41.22 42.62 42.25 37.99 37.79 39.32 39.26 37.27 38.81
Cash Conversion Cycle (CCC)		 20.38 20.90 20.99 20.07 18.94 19.50 19.84 19.11 17.97 18.67 16.51
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 622 586 553 570 557 579 551 581 522 483 454
Invested Capital Turnover		 8.39 8.45 8.44 7.96 8.17 8.28 8.70 8.32 8.86 8.93 9.48
Increase / (Decrease) in Invested Capital		 -132 -83 -89 -89 -65 -7.05 -1.40 11 -35 -96 -97
Enterprise Value (EV)		 5,827 6,273 6,438 6,154 6,168 5,609 4,825 4,532 3,874 4,559 4,989
Market Capitalization		 6,248 6,742 6,903 6,585 6,627 6,073 5,205 4,873 4,231 4,935 5,331
Book Value per Share		 $29.02 $27.37 $28.47 $27.99 $28.66 $27.52 $26.36 $26.38 $25.65 $23.17 $23.46
Tangible Book Value per Share		 $27.85 $26.20 $27.29 $26.82 $27.50 $26.37 $25.20 $25.19 $24.66 $22.18 $22.46
Total Capital		 1,119 1,055 1,083 1,074 1,088 1,075 1,025 1,007 966 872 868
Total Debt		 75 71 65 73 73 102 94 85 77 77 69
Total Long-Term Debt		 46 43 38 45 45 69 62 55 48 48 43
Net Debt		 -421 -470 -465 -431 -459 -464 -379 -341 -357 -375 -342
Capital Expenditures (CapEx)		 0.71 8.63 7.70 5.65 4.64 3.26 -2.37 1.07 2.58 1.68 4.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 258 165 217 233 215 113 188 223 221 97 168
Debt-free Net Working Capital (DFNWC)		 755 705 747 737 746 680 661 649 655 549 579
Net Working Capital (NWC)		 725 678 721 709 719 647 629 618 626 520 553
Net Nonoperating Expense (NNE)		 -0.79 -1.42 -1.23 -1.26 -0.91 -0.76 -0.12 0.53 0.16 0.20 0.39
Net Nonoperating Obligations (NNO)		 -421 -398 -465 -431 -459 -394 -379 -341 -367 -313 -345
Total Depreciation and Amortization (D&A)		 14 14 14 15 15 13 12 12 12 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 4.47% 3.11% 4.31% 4.77% 4.47% 2.35% 3.91% 4.65% 4.63% 2.04% 3.53%
Debt-free Net Working Capital to Revenue		 13.07% 13.30% 14.83% 15.08% 15.50% 14.11% 13.78% 13.56% 13.72% 11.57% 12.16%
Net Working Capital to Revenue		 12.57% 12.78% 14.30% 14.51% 14.93% 13.42% 13.11% 12.91% 13.10% 10.97% 11.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.71 $1.63 $1.32 $1.48 $1.41 $1.30 $0.85 $1.20 $0.56 $0.70 $1.16
Adjusted Weighted Average Basic Shares Outstanding		 35.95M 35.92M 35.75M 35.65M 35.42M 35.54M 35.20M 34.87M 34.58M 34.72M 34.02M
Adjusted Diluted Earnings per Share		 $1.71 $1.63 $1.32 $1.48 $1.41 $1.30 $0.85 $1.20 $0.56 $0.70 $1.16
Adjusted Weighted Average Diluted Shares Outstanding		 35.95M 35.92M 35.75M 35.65M 35.42M 35.54M 35.20M 34.87M 34.58M 34.72M 34.02M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 35.95M 35.72M 35.76M 35.45M 35.33M 35.32M 34.95M 34.65M 34.34M 34.06M 33.93M
Normalized Net Operating Profit after Tax (NOPAT)		 61 57 46 51 49 45 30 42 42 24 40
Normalized NOPAT Margin		 4.72% 4.70% 3.92% 4.19% 4.05% 3.76% 2.58% 3.50% 3.47% 2.06% 3.40%
Pre Tax Income Margin		 6.31% 6.35% 5.26% 5.69% 5.30% 4.86% 3.43% 4.59% 2.17% 2.50% 4.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80.63 121.32 123.13 102.77
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60.77 89.98 100.58 76.89
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79.10 109.42 116.13 93.81
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59.24 78.08 93.58 67.93
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 38.73% 44.30% 50.45% 54.11% 57.57% 61.48% 67.48% 73.07% 90.21% 108.48% 98.82%
Augmented Payout Ratio		 43.88% 64.69% 66.95% 97.42% 113.97% 103.03% 146.83% 148.81% 196.53% 264.87% 212.65%

Financials Breakdown Chart

Key Financial Trends

Landstar System (LSTR) — four-year financial trend snapshot

This summary highlights notable trends from Landstar’s quarterly statements (income statement, cash flow, and balance sheet) over the last four fiscal years, focusing on the latest four quarters where possible. All figures are in USD and presented to help retail investors gauge revenue, profitability, cash generation, and financial posture.

  • Revenue stability: Operating revenue has remained in a tight band around roughly $1.15B–$1.21B across 2023–2025, with Q4 2025 at about $1.174B and prior quarters generally near the $1.2B level.
  • Gross margin consistency: Total gross profit has stayed in the low to mid-20s percent range, roughly 21%–23% of revenue, yielding gross profits typically in the $260M–$277M range for about $1.2B in revenue.
  • Healthy operating cash flow: Net cash from continuing operating activities has been robust in recent periods (e.g., about $72M–$89M in the latest quarters, with Q3 2025 around $89.3M and Q4 2025 around $72.7M).
  • Moderate leverage and good liquidity: Debt levels remain relatively modest (short-term around $30M, long-term in the $40–60M range historically) with substantial cash on hand (cash & equivalents in the hundreds of millions in recent quarters), supporting liquidity.
  • Capital allocation to shareholders: Landstar continued to return capital through stock repurchases in 2024–2025 and maintained regular cash dividends (dividends per share historically around $0.36–$0.40 in most quarters).
  • One-off impairment in 2025 Q3: A notable impairment charge of about $30.1M in 2025 Q3 is a non-recurring item that reduces operating income and skews quarterly profitability, though it does not reflect ongoing operating performance.
  • Capex modest and steady: Purchases of property, plant & equipment and other investing activity are relatively modest year-to-year, indicating capital expenditures are not a large driver of near-term cash outflows.
  • Operating margin compression in latest quarter: Q4 2025 saw operating income of about $29.6M on $1.17B revenue, a notable drop from Q4 2024 levels (roughly $58.7M), indicating margin pressure in the most recent quarter.
  • Net income and earnings per share softness: Net income attributable to common shareholders in Q4 2025 was about $23.9M, down from about $46.2M in Q4 2024; trailing diluted EPS fell to around $0.70 in Q4 2025 from roughly $1.30 in Q4 2024.
  • Financing activities remain a headwind: Cash flow from financing activities has been negative in 2025 quarters due to share repurchases and dividends, contributing to a net cash outflow during the year and a negative effect on cash balances.
05/12/26 03:06 PM ETAI Generated. May Contain Errors.

Landstar System Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Landstar System's financial year ends in December. Their financial year 2025 ended on December 27, 2025.

Landstar System's net income appears to be on an upward trend, with a most recent value of $115.01 million in 2025, falling from $147.69 million in 2015. The previous period was $195.95 million in 2024. Check out Landstar System's forecast to explore projected trends and price targets.

Landstar System's total operating income in 2025 was $151.58 million, based on the following breakdown:
  • Total Gross Profit: $1.06 billion
  • Total Operating Expenses: $903.84 million

Over the last 10 years, Landstar System's total revenue changed from $3.32 billion in 2015 to $4.74 billion in 2025, a change of 42.8%.

Landstar System's total liabilities were at $840.27 million at the end of 2025, a 0.1% decrease from 2024, and a 60.0% increase since 2015.

In the past 10 years, Landstar System's cash and equivalents has ranged from $114.52 million in 2015 to $515.02 million in 2024, and is currently $396.69 million as of their latest financial filing in 2025.

Over the last 10 years, Landstar System's book value per share changed from 10.80 in 2015 to 23.17 in 2025, a change of 114.6%.


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Financial statements for NASDAQ:LSTR last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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