Landstar System Inc (LSTR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LSTR SEC filings page.
Landstar System Inc (LSTR) reported $4.8B in revenue over the twelve months to Mar 28, 2026, down 0.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Landstar remains free of reported long-term debt and cash-generative, but falling revenue and margins are narrowing the cash surplus behind distributions.
In FY2025, operating cash flow was nearly twice net income—$224.9M versus$115.0M —so reported profit understated cash produced. Capital intensity was low: free cash flow of$215.0M followed just$9.9M of capital spending, leaving cash generation less dependent on heavy reinvestment.
Revenue fell from
The liquidity cushion narrowed as the current ratio fell from 2.0x in FY2023 to 1.7x in FY2025. Buybacks and dividends totaled
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Landstar System Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Landstar System Inc has an operating margin of 3.2%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is down from 5.2% the prior year.
Landstar System Inc's revenue declined 1.6% year-over-year, from $4.8B to $4.7B. This contraction results in a growth score of 15/100.
Landstar System Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Landstar System Inc's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Landstar System Inc has a free cash flow margin of 4.5%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Landstar System Inc earns a strong 14.4% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is down from 20.2% the prior year.
Landstar System Inc scores 10.18, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Landstar System Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Landstar System Inc generates $1.96 in operating cash flow ($224.9M OCF vs $115.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Landstar System Inc earns $27.14 in operating income for every $1 of interest expense ($151.6M vs $5.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Landstar System Inc generated $1.2B in revenue in Q1 2026. This represents an increase of 1.6% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.
Landstar System Inc's EBITDA was $63.8M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.5% from the same quarter a year earlier. Against the prior quarter it is up 59.3%.
Landstar System Inc reported $39.4M in net income in Q1 2026. This represents an increase of 32.3% from the same quarter a year earlier. Against the prior quarter it is up 64.7%.
Landstar System Inc earned $1.16 per diluted share (EPS) in Q1 2026. This represents an increase of 36.5% from the same quarter a year earlier. Against the prior quarter it is up 65.7%.
Cash & Balance Sheet
Landstar System Inc generated $72.4M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 34.6% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.
Landstar System Inc held $353.3M in cash against $0 in long-term debt as of Q1 2026, with $630.7M of liabilities due within a year.
Landstar System Inc paid $0.40 per share in dividends in Q1 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is down 83.3%.
Margins & Returns
Landstar System Inc's operating margin was 4.5% in Q1 2026, reflecting core business profitability. This is up 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
Landstar System Inc's net profit margin was 3.4% in Q1 2026, showing the share of revenue converted to profit. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Landstar System Inc's ROE was 4.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Not reported for Q1 2026.
Capital Allocation
Landstar System Inc spent $22.4M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 62.9% from the same quarter a year earlier. Against the prior quarter it is down 38.9%.
Landstar System Inc invested $5.8M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 205.7% from the same quarter a year earlier. Against the prior quarter it is up 163.4%.
Not reported for Q1 2026.
LSTR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B+1.6% | $1.2B-2.9% | $1.2B-0.7% | $1.2B-1.1% | $1.2B-1.6% | $1.2B+0.4% | $1.2B-5.9% | $1.2B-14.7% |
| SG&A Expenses | $61.0M-1.0% | $56.2M+2.1% | $57.0M+11.2% | $55.7M+1.4% | $61.6M+9.1% | $55.1M+4.5% | $51.3M+0.5% | $54.9M+2.6% |
| Operating Income | $53.2M+35.1% | $29.6M-48.8% | $26.3M-58.3% | $56.3M-17.3% | $39.4M-34.3% | $57.8M-22.5% | $63.1M-21.4% | $68.1M-32.8% |
| EBITDA | $63.8M+23.5% | $40.1M-43.2% | $37.8M-51.8% | $68.4M-17.1% | $51.6M-30.3% | $70.5M-20.1% | $78.5M-17.1% | $82.5M-29.1% |
| Interest Expense | $1.3M-14.1% | $1.3M+3.7% | $1.4M+25.4% | $1.4M+65.4% | $1.5M+69.7% | $1.2M | $1.1M | $870K |
| Income Tax | $13.3M+35.9% | $5.4M-57.2% | $6.7M-52.7% | $13.7M-20.0% | $9.8M-32.5% | $12.5M-32.0% | $14.3M-27.8% | $17.1M-28.2% |
| Net Income | $39.4M+32.3% | $23.9M-48.2% | $19.4M-61.3% | $41.9M-20.4% | $29.8M-36.7% | $46.2M-20.3% | $50.0M-18.8% | $52.6M-32.7% |
| EPS (Basic) | $1.16+36.5% | $0.70-46.2% | $0.56-60.3% | $1.20-18.9% | $0.85-35.6% | $1.30-19.8% | $1.41-17.5% | $1.48-31.8% |
| EPS (Diluted) | $1.16+36.5% | $0.70-46.2% | $0.56-60.3% | $1.20-18.9% | $0.85-35.6% | $1.30-19.8% | $1.41-17.5% | $1.48-31.8% |
| Diluted Shares (Avg) | 34M-3.4% | N/A | 35M-2.4% | 35M-2.2% | 35M-1.5% | N/A | 35M-1.5% | 36M-0.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
LSTR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-6.6% | $1.6B-9.8% | $1.7B-5.4% | $1.7B-3.2% | $1.7B-1.7% | $1.8B+0.6% | $1.8B-5.1% | $1.8B-4.5% |
| Current Assets | $1.2B-4.7% | $1.2B-7.8% | $1.2B-5.1% | $1.2B-5.9% | $1.2B-5.2% | $1.3B-2.4% | $1.3B-6.0% | $1.3B-2.9% |
| Cash & Equivalents | $353.3M-15.4% | $396.7M-23.0% | $375.2M-20.0% | $359.2M-18.0% | $417.4M-10.7% | $515.0M+7.1% | $468.8M+6.6% | $438.1M+28.5% |
| Short-Term Investments | $57.7M+3.0% | $55.5M+7.6% | $59.2M-5.2% | $66.9M+1.5% | $56.0M-10.8% | $51.6M-13.5% | $62.5M+9.4% | $66.0M+39.8% |
| Accounts Receivable | $692.0M | $670.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $34.0M-16.8% | $34.0M-16.9% | $34.0M-17.3% | $41.4M-0.5% | $40.9M-3.5% | $40.9M-3.2% | $41.1M-1.9% | $41.6M-0.3% |
| Total Liabilities | $803.2M+2.3% | $840.3M-0.1% | $773.5M+4.3% | $777.8M+3.1% | $785.4M+7.9% | $840.9M+2.8% | $741.3M-8.4% | $754.4M-16.4% |
| Current Liabilities | $630.7M+3.0% | $695.8M+3.4% | $619.1M+4.5% | $619.1M+2.2% | $612.3M+3.8% | $673.2M-0.3% | $592.7M-11.6% | $605.7M-18.3% |
| Non-Current Liabilities | $172.5M-0.4% | $144.4M-13.9% | $154.4M+3.9% | $158.7M+6.7% | $173.1M+25.2% | $167.7M+17.5% | $148.7M+6.7% | $148.7M-7.6% |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $799.0M-14.2% | $795.7M-18.2% | $888.7M-12.5% | $921.8M-7.9% | $930.8M-8.6% | $972.4M-1.2% | $1.0B-2.6% | $1.0B+7.0% |
| Retained Earnings | $2.9B+0.1% | $2.9B-0.3% | $2.9B+0.5% | $2.9B+1.6% | $2.9B+2.1% | $2.9B+2.7% | $2.9B+3.1% | $2.9B+5.8% |
Not reported in any period shown, so not listed: Inventory.
LSTR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $78.2M+40.4% | $72.7M+19.0% | $89.3M+7.5% | $7.1M-85.2% | $55.7M-40.9% | $61.1M-32.0% | $83.1M-25.8% | $48.1M-65.4% |
| Depreciation & Amortization | $10.6M-13.6% | $10.5M-17.5% | $11.5M-25.1% | $12.1M-16.1% | $12.2M-13.5% | $12.7M-6.7% | $15.4M+7.0% | $14.5M-4.7% |
| Stock-Based Compensation | $2.5M+22.0% | N/A | $1.6M+3788.4% | $1.6M-14.4% | $2.0M+18.2% | N/A | -$43K-103.8% | $1.9M+2.2% |
| Capital Expenditures | $5.8M+205.7% | $2.2M-67.3% | $3.3M-56.0% | $2.5M-66.9% | $1.9M-79.5% | $6.7M-34.5% | $7.5M+170.6% | $7.5M+20.3% |
| Free Cash Flow | $72.4M+34.6% | $70.5M+29.7% | $86.0M+13.8% | $4.7M-88.5% | $53.8M-36.7% | $54.4M-31.7% | $75.6M-30.8% | $40.6M-69.4% |
| Investing Cash Flow | -$5.8M-605.4% | -$2.7M-473.4% | $1.1M+248.4% | -$1.9M+71.9% | $1.1M+131.5% | $717K+114.6% | -$739K+53.8% | -$6.8M-257.6% |
| Financing Cash Flow | -$114.9M+25.7% | -$49.7M-273.7% | -$73.3M-43.1% | -$65.6M+5.5% | -$154.6M-49.5% | -$13.3M+70.6% | -$51.2M-68.5% | -$69.5M+51.2% |
| Dividends Paid | $81.7M-1.9% | $13.7M+7.4% | $13.9M+8.7% | $13.9M+18.2% | $83.3M+0.1% | $12.7M+7.5% | $12.7M+7.5% | $11.8M-85.8% |
| Share Buybacks | $22.4M-62.9% | $36.6M+1255.0% | $40.9M+84.5% | $41.9M-25.8% | $60.4M | $2.7M-93.0% | $22.2M | $56.5M+266.2% |
LSTR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.5%+1.1pp | 2.5%-2.3pp | 2.2%-3.0pp | 4.7%-0.9pp | 3.4%-1.7pp | 4.8%-1.4pp | 5.2%-1.0pp | 5.6%-1.5pp |
| Net Margin | 3.4%+0.8pp | 2.0%-1.8pp | 1.6%-2.5pp | 3.5%-0.8pp | 2.6%-1.4pp | 3.8%-1.0pp | 4.1%-0.7pp | 4.3%-1.2pp |
| Return on Equity | 4.9%+1.7pp | 3.0%-1.7pp | 2.2%-2.7pp | 4.5%-0.7pp | 3.2%-1.4pp | 4.8%-1.1pp | 4.9%-1.0pp | 5.3%-3.1pp |
| Return on Assets | 2.5%+0.7pp | 1.5%-1.1pp | 1.2%-1.7pp | 2.5%-0.5pp | 1.7%-1.0pp | 2.5%-0.7pp | 2.9%-0.5pp | 3.0%-1.3pp |
| Current Ratio | 1.88-0.2x | 1.75-0.2x | 2.01-0.2x | 2.00-0.2x | 2.03-0.2x | 1.960.0x | 2.21+0.1x | 2.17+0.3x |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| Asset Turnover | 0.73+0.1x | 0.72+0.1x | 0.730.0x | 0.710.0x | 0.670.0x | 0.670.0x | 0.690.0x | 0.70-0.1x |
| FCF Margin | 6.2%+1.5pp | 6.0%+1.5pp | 7.1%+0.9pp | 0.4%-2.9pp | 4.7%-2.6pp | 4.5%-2.1pp | 6.2%-2.3pp | 3.3%-5.9pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Landstar System Inc LSTR | FY2025 | $4.7B | $115.0M | 2.4% | $5.8B | 57/100 |
| GXO Logistics, Inc. GXO | FY2025 | $13.2B | $36.0M | 0.3% | $5.3B | 42/100 |
| HUB Group Inc HUBG | FY2024 | $3.9B | $104.0M | 2.6% | $1.8B | 47/100 |
| JB Hunt Transport Services Inc JBHT | FY2025 | $12.0B | $598.3M | 5.0% | $22.0B | 48/100 |
| Expeditors International of Washington, Inc. EXPD | FY2025 | $11.1B | $810.3M | 7.3% | $25.0B | 65/100 |
| Pitney Bowes Inc. PBI | FY2025 | $1.9B | $144.7M | 7.6% | $2.3B | 16/100 |
Where Landstar System Inc Ranks
Frequently Asked Questions
What is Landstar System Inc's annual revenue?
Landstar System Inc (LSTR) reported $4.7B in total revenue for fiscal year 2025. This represents a -1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Landstar System Inc's revenue growing?
Landstar System Inc (LSTR) revenue declined by 1.6% year-over-year, from $4.8B to $4.7B in fiscal year 2025.
Is Landstar System Inc profitable?
Yes, Landstar System Inc (LSTR) reported a net income of $115.0M in fiscal year 2025, with a net profit margin of 2.4%.
What is Landstar System Inc's EBITDA?
Landstar System Inc (LSTR) had EBITDA of $198.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Landstar System Inc have?
As of fiscal year 2025, Landstar System Inc (LSTR) had $396.7M in cash and equivalents against $0 in long-term debt.
What is Landstar System Inc's operating margin?
Landstar System Inc (LSTR) had an operating margin of 3.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Landstar System Inc's net profit margin?
Landstar System Inc (LSTR) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Landstar System Inc pay dividends?
Yes, Landstar System Inc (LSTR) paid $3.56 per share in dividends during fiscal year 2025.
What is Landstar System Inc's return on equity (ROE)?
Landstar System Inc (LSTR) has a return on equity of 14.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Landstar System Inc's free cash flow?
Landstar System Inc (LSTR) generated $215.0M in free cash flow during fiscal year 2025. This represents a -15.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Landstar System Inc's operating cash flow?
Landstar System Inc (LSTR) generated $224.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Landstar System Inc's total assets?
Landstar System Inc (LSTR) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Landstar System Inc's capital expenditures?
Landstar System Inc (LSTR) invested $9.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Landstar System Inc's current ratio?
Landstar System Inc (LSTR) had a current ratio of 1.75 as of fiscal year 2025, which is generally considered healthy.
What is Landstar System Inc's debt-to-equity ratio?
Landstar System Inc (LSTR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Landstar System Inc's return on assets (ROA)?
Landstar System Inc (LSTR) had a return on assets of 7.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Landstar System Inc's P/E ratio?
Landstar System Inc (LSTR) trades at 46.6x earnings, its market capitalization divided by net income of $124.6M net income, trailing 12 months to March 28, 2026. The market capitalization is $5.8B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Landstar System Inc's price-to-sales ratio?
Landstar System Inc (LSTR) trades at 1.2x sales, its market capitalization divided by revenue of $4.8B revenue, trailing 12 months to March 28, 2026. The market capitalization is $5.8B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Landstar System Inc's Altman Z-Score?
Landstar System Inc (LSTR) has an Altman Z-Score of 10.18, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Landstar System Inc's Piotroski F-Score?
Landstar System Inc (LSTR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Landstar System Inc's earnings high quality?
Landstar System Inc (LSTR) has an earnings quality ratio of 1.96x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Landstar System Inc cover its interest payments?
Landstar System Inc (LSTR) has an interest coverage ratio of 27.14x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Landstar System Inc?
Landstar System Inc (LSTR) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.