Landstar System Inc (LSTR) Financial Statements
Industry: Trucking (No Local)
In fiscal 2025, Landstar System reported revenue of $4.74B, down 1.6% from $4.82B the year before. Net income was $115.0M (a 2.4% net margin), or $3.31 per diluted share. Gross margin was 2.9% and operating margin was 3.2%. Operating activities generated $224.9M of cash, leaving $215.0M of free cash flow. At fiscal year end, Landstar System held $1.64B in total assets against $840.3M in total liabilities, including $396.7M of cash and equivalents.
Open the full interactive Landstar System financials → Quarterly statements, key ratios, valuation history and price charts.
Landstar System Key Stats
| Share Price | $167.03 |
|---|---|
| Market Cap | $5.67B |
| P/E Ratio | 50.5 |
| Dividend Yield | 2.17% |
| Revenue YoY Growth | -1.6% |
| 52-Week Range | $119.03 – $224.86 |
| Shares Outstanding | 33.9 million (basic, 2026 Q2) |
Landstar System Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.13B | $6.54B | $7.44B | $5.30B | $4.82B | $4.74B |
| Cost of Goods Sold | $3.88B | $6.03B | $6.87B | $4.97B | $4.59B | $4.61B |
| Gross Profit | $249.6M | $502.8M | $567.9M | $334.0M | $234.1M | $137.9M |
| Operating Income | $252.9M | $505.7M | $571.1M | $344.1M | $248.9M | $151.6M |
| Pre-Tax Income | $249.0M | $501.7M | $567.5M | $348.1M | $254.3M | $150.6M |
| Income Tax | $56.9M | $120.2M | $136.5M | $83.7M | $58.4M | $35.6M |
| Net Income | $192.1M | $381.5M | $430.9M | $264.4M | $195.9M | $115.0M |
| Diluted EPS | $4.98 | $9.98 | $11.76 | $7.36 | $5.51 | $3.31 |
Landstar System Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.21B | $1.17B | $1.17B | $1.43B |
| Net Income | $19.4M | $23.9M | $39.4M | $49.0M |
| Diluted EPS | $0.56 | $0.69 | $1.16 | $1.44 |
Landstar System Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $249.4M | $215.5M | $339.6M | $481.0M | $515.0M | $396.7M |
| Current Assets | $1.21B | $1.52B | $1.44B | $1.35B | $1.32B | $1.22B |
| Total Assets | $1.65B | $2.05B | $1.93B | $1.80B | $1.81B | $1.64B |
| Current Liabilities | $806.1M | $1.01B | $878.1M | $675.2M | $673.2M | $695.8M |
| Total Long-Term Debt | — | — | $67.2M | — | — | — |
| Total Liabilities | $962.0M | $1.18B | $1.04B | $817.9M | $840.9M | $840.3M |
| Shareholders' Equity | $691.8M | $862.0M | $887.2M | $983.9M | $972.4M | $795.7M |
Landstar System Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $210.7M | $276.7M | $622.7M | $393.6M | $286.6M | $224.9M |
| Cash From Investing | -$28.4M | -$73.3M | -$24.8M | -$6.5M | -$10.5M | -$2.4M |
| Cash From Financing | -$252.0M | -$232.9M | -$475.7M | -$248.0M | -$237.3M | -$343.1M |
| Free Cash Flow | $180.1M | $253.5M | $596.7M | $368.0M | $255.6M | $215.0M |
| Dividends Paid | $109.5M | $112.0M | $115.7M | $117.1M | $120.5M | $124.8M |
Figures from Landstar System's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Landstar System financials page for every line item.
Landstar System Company Profile
| Ticker | LSTR |
|---|---|
| Exchange | Nasdaq |
| Industry | Trucking (No Local) |
| Headquarters | Jacksonville, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000853816 |
Frequently Asked Questions
What was Landstar System's revenue in fiscal 2025?
Landstar System (LSTR) reported revenue of $4.74B for fiscal 2025.
What is Landstar System's annual revenue history?
Landstar System's annual revenue by fiscal year: 2020: $4.13B; 2021: $6.54B; 2022: $7.44B; 2023: $5.30B; 2024: $4.82B; 2025: $4.74B.
What was Landstar System's net income in fiscal 2025?
Landstar System reported net income of $115.0M for fiscal 2025.
What was Landstar System's earnings per share (EPS) in fiscal 2025?
Landstar System's diluted EPS was $3.31 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Landstar System generate in fiscal 2025?
Landstar System generated $215.0M of free cash flow in fiscal 2025.
What was Landstar System's revenue last quarter?
In its most recent reported quarter (2026 Q2), Landstar System reported revenue of $1.43B.
How many shares of Landstar System are outstanding?
Landstar System reported a weighted average of 33.9 million basic shares outstanding in 2026 Q2.
What is Landstar System's market cap?
Based on its latest closing price, Landstar System (LSTR) has a market capitalization of about $5.67B.
When does Landstar System's fiscal year end?
Landstar System's fiscal year end, as registered with the SEC, is December 30.
Where is Landstar System headquartered?
Landstar System lists its business address in Jacksonville, Florida in its SEC filings.