Landstar System (LSTR)

Nasdaq Industrials Cargo Ground Transportation S&P MidCap 400

$143.34

-2.30 (-1.58%)

Close of Nov 06, 2026 · end-of-day data

Source: Landstar System's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.17B	$3.65B	$4.62B	$4.08B	$4.13B	$6.54B	$7.44B	$5.30B	$4.82B	$4.74B
Selling, general & admin	$143.24M	$170.58M	$188.21M	$158.95M	$167.63M	$221.28M	$221.28M	$211.80M	$217.71M	$230.55M
Operating income	$223.25M	$243.97M	$331.74M	$298.90M	$252.95M	$505.67M	$571.08M	$344.15M	$248.91M	$151.58M
Interest expense	—	—	—	—	—	—	$4.52M	$3.87M	$4.08M	$5.59M
Pre-tax income	$219.46M	$240.80M	$328.38M	$295.76M	$249.00M	$501.69M	$567.46M	$348.10M	$254.33M	$150.58M
Income tax	$82.11M	$63.81M	$73.17M	$68.06M	$56.89M	$120.17M	$136.55M	$83.70M	$58.38M	$35.57M
Net income	$137.35M	$177.09M	$255.28M	$227.72M	$192.11M	$381.52M	$430.91M	$264.39M	$195.95M	$115.01M
EBITDA	$259.05M	$284.53M	$375.31M	$343.37M	$298.81M	$555.28M	$628.54M	$402.30M	$305.64M	$197.97M
EPS (basic)	$3.26	$4.22	$6.19	$5.72	$4.98	$9.98	$11.76	$7.36	$5.51	$3.31
EPS (diluted)	$3.25	$4.21	$6.18	$5.72	$4.98	$9.98	$11.76	$7.36	$5.51	$3.31
Diluted shares	42.24M	42.02M	41.31M	39.79M	38.60M	38.23M	36.63M	35.92M	35.54M	34.72M
Operating margin	7.0%	6.7%	7.2%	7.3%	6.1%	7.7%	7.7%	6.5%	5.2%	3.2%
Net margin	4.3%	4.9%	5.5%	5.6%	4.6%	5.8%	5.8%	5.0%	4.1%	2.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$178.90M	$242.42M	$199.74M	$319.51M	$249.35M	$215.52M	$339.58M	$481.04M	$515.02M	$396.69M
Short-term investments	$66.56M	$48.93M	$40.06M	$32.90M	$41.38M	$35.78M	$53.95M	$59.66M	$51.62M	$55.53M
Receivables	$463.10M	$631.16M	$691.60M	$588.55M	$764.17M	$1.15B	$967.79M	$743.76M	$683.84M	$670.14M
Total current assets	$737.41M	$961.20M	$971.43M	$997.89M	$1.21B	$1.52B	$1.44B	$1.35B	$1.32B	$1.22B
Goodwill	$31.13M	$39.06M	$38.23M	$38.51M	$40.95M	$40.77M	$41.22M	$42.27M	$40.93M	$34.01M
Total assets	$1.10B	$1.35B	$1.38B	$1.43B	$1.65B	$2.05B	$1.93B	$1.80B	$1.81B	$1.64B
Total current liabilities	$380.31M	$548.64M	$535.82M	$552.90M	$806.14M	$1.01B	$878.13M	$675.22M	$673.15M	$695.84M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$554.03M	$701.79M	$693.74M	$706.24M	$961.96M	$1.18B	$1.04B	$817.92M	$840.87M	$840.27M
Shareholders' equity	$542.56M	$650.67M	$686.82M	$721.47M	$691.84M	$862.01M	$887.22M	$983.92M	$972.44M	$795.66M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$190.24M	$138.96M	$297.90M	$307.84M	$210.72M	$276.74M	$622.66M	$393.65M	$286.56M	$224.88M
Capital expenditures	$22.64M	$15.59M	$9.75M	$19.42M	$30.63M	$23.26M	$26.00M	$25.69M	$31.00M	$9.88M
Free cash flow	$167.60M	$123.38M	$288.15M	$288.42M	$180.09M	$253.48M	$596.65M	$367.96M	$255.56M	$215.00M
Investing cash flow	-$14.17M	-$22.08M	-$8.19M	-$18.56M	-$28.42M	-$73.34M	-$24.77M	-$6.48M	-$10.50M	-$2.36M
Financing cash flow	-$112.07M	-$54.40M	-$330.68M	-$170.56M	-$252.03M	-$232.95M	-$475.68M	-$247.97M	-$237.34M	-$343.14M
Dividends paid	$14.33M	$15.94M	$88.92M	$27.89M	$109.50M	$111.96M	$115.67M	$117.13M	$120.48M	$124.76M
Share buybacks	$50.52M	$0	$208.09M	$88.58M	$115.96M	$122.72M	$285.98M	$53.92M	$81.40M	$179.86M
Stock-based compensation	$2.75M	$7.72M	$18.26M	$4.24M	$4.64M	$27.54M	$12.40M	$4.28M	$3.44M	$6.00M
Depreciation & amortization	$35.80M	$40.56M	$43.57M	$44.47M	$45.85M	$49.61M	$57.45M	$58.15M	$56.74M	$46.39M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.20B	$1.17B	$1.23B	$1.21B	$1.21B	$1.15B	$1.21B	$1.21B	$1.17B	$1.17B	$1.43B	$1.51B
Selling, general & admin	$52.73M	$56.42M	$54.94M	$51.25M	$55.09M	$61.58M	$55.71M	$57.02M	$56.24M	$60.97M	$68.19M	$62.38M
Operating income	$74.57M	$59.96M	$68.06M	$63.12M	$57.77M	$39.42M	$56.28M	$26.33M	$29.55M	$53.24M	$66.23M	$65.54M
Interest expense	—	$889.00K	$870.00K	$1.08M	$1.24M	$1.51M	$1.44M	$1.36M	$1.28M	$1.30M	$1.28M	$1.20M
Pre-tax income	$76.43M	$61.57M	$69.73M	$64.28M	$58.73M	$39.58M	$55.58M	$26.11M	$29.31M	$52.72M	$65.42M	$65.18M
Income tax	$18.45M	$14.48M	$17.11M	$14.25M	$12.54M	$9.77M	$13.69M	$6.75M	$5.37M	$13.28M	$16.46M	$17.14M
Net income	$57.99M	$47.10M	$52.62M	$50.03M	$46.19M	$29.81M	$41.89M	$19.36M	$23.94M	$39.44M	$48.95M	$48.04M
EBITDA	$88.22M	$74.10M	$82.55M	$78.49M	$70.51M	$51.65M	$68.43M	$37.84M	$40.06M	$63.80M	$76.64M	$75.46M
EPS (basic)	$1.62	$1.32	$1.48	$1.41	$1.30	$0.85	$1.20	$0.56	$0.70	$1.16	$1.44	$1.42
EPS (diluted)	$1.62	$1.32	$1.48	$1.41	$1.30	$0.85	$1.20	$0.56	$0.70	$1.16	$1.44	$1.42
Diluted shares	-38.00K	35.75M	35.65M	35.42M	-70.00K	35.20M	34.87M	34.58M	-168.00K	34.02M	33.94M	33.87M
Operating margin	6.2%	5.1%	5.6%	5.2%	4.8%	3.4%	4.6%	2.2%	2.5%	4.5%	4.6%	4.3%
Net margin	4.8%	4.0%	4.3%	4.1%	3.8%	2.6%	3.5%	1.6%	2.0%	3.4%	3.4%	3.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$481.04M	$467.67M	$438.06M	$468.83M	$515.02M	$417.42M	$359.24M	$375.19M	$396.69M	$353.25M	$294.35M	$297.32M
Short-term investments	$59.66M	$62.78M	$65.96M	$62.45M	$51.62M	$56.02M	$66.94M	$59.23M	$55.53M	$57.70M	$53.35M	$53.68M
Receivables	$743.76M	$723.84M	$724.48M	$694.63M	$683.84M	$703.18M	$717.25M	$695.98M	$670.14M	$692.02M	$866.88M	$892.40M
Total current assets	$1.35B	$1.31B	$1.32B	$1.31B	$1.32B	$1.24B	$1.24B	$1.25B	$1.22B	$1.18B	$1.32B	$1.37B
Goodwill	$42.27M	$42.38M	$41.61M	$41.12M	$40.93M	$40.88M	$41.40M	$34.01M	$34.01M	$34.01M	$34.01M	$34.01M
Total assets	$1.80B	$1.75B	$1.76B	$1.76B	$1.81B	$1.72B	$1.70B	$1.66B	$1.64B	$1.60B	$1.74B	$1.81B
Total current liabilities	$675.22M	$589.67M	$605.72M	$592.65M	$673.15M	$612.31M	$619.14M	$619.08M	$695.84M	$630.72M	$723.92M	$765.76M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	—	—
Total debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	—	—
Total liabilities	$817.92M	$727.93M	$754.39M	$741.34M	$840.87M	$785.42M	$777.82M	$773.49M	$840.27M	$803.22M	$905.80M	$977.72M
Shareholders' equity	$983.92M	$1.02B	$1.00B	$1.02B	$972.44M	$930.75M	$921.83M	$888.70M	$795.66M	$798.98M	$836.73M	$830.00M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$89.86M	$94.21M	$48.13M	$83.10M	$61.12M	$55.70M	$7.14M	$89.33M	$72.71M	$78.21M	-$50.40M	$70.91M
Capital expenditures	$10.29M	$9.28M	$7.50M	$7.48M	$6.74M	$1.90M	$2.48M	$3.29M	$2.21M	$5.81M	$2.90M	$2.90M
Free cash flow	$79.57M	$84.93M	$40.64M	$75.62M	$54.38M	$53.80M	$4.66M	$86.04M	$70.51M	$72.40M	-$53.30M	$68.01M
Investing cash flow	-$4.93M	-$3.64M	-$6.83M	-$739.00K	$717.00K	$1.15M	-$1.92M	$1.10M	-$2.68M	-$5.80M	-$2.36M	-$398.00K
Financing cash flow	-$45.17M	-$103.40M	-$69.48M	-$51.17M	-$13.29M	-$154.60M	-$65.62M	-$73.25M	-$49.67M	-$114.94M	-$5.62M	-$67.64M
Dividends paid	$11.83M	$83.23M	$11.78M	$12.75M	$12.72M	$83.32M	$13.92M	$13.86M	$13.66M	$81.73M	$13.57M	$14.91M
Share buybacks	$38.49M	$0	$56.52M	$22.18M	$2.70M	$60.36M	$41.94M	$40.93M	$36.63M	$22.39M	$1.76M	$41.03M
Stock-based compensation	$12.00K	$1.72M	$1.89M	-$43.00K	-$138.00K	$2.04M	$1.62M	$1.59M	$755.00K	$2.49M	$2.93M	$3.02M
Depreciation & amortization	$13.65M	$14.14M	$14.49M	$15.37M	$12.74M	$12.23M	$12.15M	$11.51M	$10.50M	$10.56M	$10.41M	$9.92M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.