Saturday 17 October 2026
Export LSTR’s income statement to Excel — free account
Landstar System, Inc.
LSTR Industrials Integrated Freight & Logistics
Landstar System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 1.58% from fiscal 2024. In the quarter to June 2026, revenue grew 18.1%, EPS grew 20.0%, free cash flow fell 950.3% and total debt fell 21.8%, each against the same quarter a year earlier.
171.65
0.81
−0.47%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
26.21 | 24.82 | 15.43 | 19.87 | 27.04 | 17.94 | 13.93 | 25.77 | 31.13 | 43.41 |
Piotroski F-Score |
6 | 5 | 8 | 6 | 5 | 7 | 9 | 7 | 4 | 6 |
Altman Z-Score |
9.77 | 9.08 | 9.81 | 9.70 | 8.27 | 9.37 | 10.51 | 11.30 | 10.11 | 9.60 |
P/S ratio |
1.14 | 1.20 | 0.85 | 1.11 | 1.26 | 1.05 | 0.81 | 1.28 | 1.26 | 1.05 |
P/FCF ratio |
20.30 | 34.40 | 13.51 | 15.49 | 27.67 | 26.69 | 9.96 | 18.08 | 23.02 | 22.48 |
Altman Z″-Score (non-manufacturers) |
9.03 | 8.08 | 9.08 | 9.00 | 7.41 | 7.76 | 9.23 | 10.05 | 9.62 | 9.39 |
Beneish M-Score |
(2.82) | (2.03) | (2.46) | (2.83) | (2.23) | (1.74) | (3.11) | (3.01) | (2.71) | (2.87) |
P/Operating CF |
190.50 | 654.21 | 42.14 | 96.13 | 206.53 | 114.56 | 32.19 | 75.72 | 99.92 | 68.61 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 38 |
P/B ratio |
6.65 | 6.70 | 5.73 | 6.28 | 7.51 | 7.94 | 6.76 | 6.92 | 6.28 | 6.27 |
Price to Tangible BV |
7.06 | 7.13 | 6.07 | 6.63 | 7.99 | 8.33 | 7.09 | 7.23 | 6.56 | 6.55 |
EV/Sales |
1.11 | 1.16 | 0.83 | 1.05 | 1.21 | 1.03 | 0.77 | 1.19 | 1.17 | 0.97 |
EV/EBITDA |
13.52 | 14.82 | 10.22 | 12.50 | 16.76 | 12.08 | 9.08 | 15.75 | 18.46 | 23.30 |
EV/Operating CF |
18.41 | 30.34 | 12.88 | 13.94 | 23.77 | 24.23 | 9.16 | 16.09 | 19.69 | 20.51 |
EV/FCF |
19.69 | 33.09 | 13.13 | 14.67 | 26.66 | 26.15 | 9.48 | 16.84 | 21.27 | 20.79 |
Quick Ratio |
1.91 | 1.73 | 1.78 | 1.77 | 1.48 | 1.49 | 1.61 | 1.97 | 1.93 | 1.69 |
Current Ratio |
1.94 | 1.75 | 1.81 | 1.80 | 1.50 | 1.51 | 1.64 | 2.00 | 1.96 | 1.75 |
Net Debt/EBITDA |
(0.41) | (0.58) | (0.30) | (0.70) | (0.64) | (0.25) | (0.46) | (1.17) | (1.52) | (1.90) |
Debt/Assets |
12.61% | 9.25% | 9.30% | 7.90% | 6.09% | 5.47% | 5.35% | 3.95% | 5.64% | 4.70% |
Debt/Equity |
0.25 | 0.19 | 0.19 | 0.16 | 0.15 | 0.13 | 0.12 | 0.07 | 0.11 | 0.10 |
Asset Turnover |
3.04 | 2.98 | 3.38 | 2.91 | 2.68 | 3.54 | 3.74 | 2.85 | 2.67 | 2.76 |
Operating CF/Net income |
1.39 | 0.78 | 1.17 | 1.35 | 1.10 | 0.73 | 1.45 | 1.49 | 1.46 | 1.96 |
Capex/Depreciation |
(0.35) | (0.28) | (0.13) | (0.35) | (0.50) | (0.41) | (0.36) | (0.30) | (0.37) | (0.06) |
Interest Coverage |
58.84 | 77.06 | 98.91 | 95.16 | 63.99 | 127.18 | 157.76 | (87.21) | (45.93) | 152.19 |
| 27.23% | 29.60% | 38.02% | 32.29% | 27.19% | 49.11% | 49.27% | 28.26% | 20.03% | 13.01% | |
| 13.16% | 14.46% | 18.68% | 16.22% | 12.47% | 20.63% | 21.67% | 14.16% | 10.84% | 6.67% | |
ROIC |
32.05% | 31.27% | 35.89% | 38.77% | 31.50% | 43.74% | 59.78% | 41.82% | 30.62% | 22.54% |
Return on Tangible Assets |
21.80% | 25.72% | 35.47% | 31.16% | 27.48% | 45.95% | 49.18% | 27.49% | 20.45% | 14.71% |
Average Days of Receivables |
55.48 | 65.57 | 56.53 | 55.70 | 79.32 | 70.06 | 50.24 | 54.07 | 55.19 | 55.46 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
14.66% | 14.54% | 13.90% | 14.22% | 14.41% | 12.75% | 12.93% | 14.84% | 14.99% | 16.34% |
Intangible Assets out of Total Assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Share Based Compensation of Revenue |
0.09% | 0.21% | 0.40% | 0.10% | 0.11% | 0.42% | 0.17% | 0.08% | 0.07% | 0.13% |
Graham Net Nets |
0.05 | 0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 0.07 | 0.08 | 0.08 | 0.08 |
Graham Number |
30.79 | 38.43 | 48.26 | 48.35 | 44.81 | 71.15 | 80.02 | 67.31 | 58.30 | 41.31 |
Earnings Yield |
3.82% | 4.03% | 6.48% | 5.03% | 3.70% | 5.57% | 7.18% | 3.88% | 3.21% | 2.30% |
Free Cash Flow Yield |
4.93% | 2.91% | 7.40% | 6.45% | 3.61% | 3.75% | 10.04% | 5.53% | 4.34% | 4.45% |
Revenue per Share |
75.25 | 87.01 | 111.91 | 102.79 | 107.15 | 171.06 | 203.09 | 147.92 | 136.03 | 137.04 |
Operating CF per Share |
4.52 | 3.31 | 7.22 | 7.74 | 5.46 | 7.24 | 17.00 | 10.96 | 8.06 | 6.48 |
Capex per Share |
(0.30) | (0.28) | (0.14) | (0.39) | (0.59) | (0.53) | (0.57) | (0.48) | (0.60) | (0.09) |
Free Cash Flow per Share |
4.22 | 3.04 | 7.08 | 7.35 | 4.87 | 6.71 | 16.43 | 10.47 | 7.47 | 6.39 |
Cash per Share |
5.83 | 6.95 | 5.81 | 8.86 | 7.53 | 6.57 | 10.74 | 15.05 | 15.94 | 13.03 |
Shareholders Equity per Share |
12.88 | 15.59 | 16.70 | 18.13 | 17.92 | 22.55 | 24.22 | 27.39 | 27.36 | 22.92 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
12.88 | 15.59 | 16.70 | 18.13 | 17.92 | 22.55 | 24.22 | 27.39 | 27.36 | 22.92 |
Free Cash Flow |
177.81 | 127.41 | 292.17 | 292.42 | 187.85 | 256.45 | 601.89 | 376.25 | 265.31 | 221.93 |
Working Capital |
357.10 | 412.56 | 435.61 | 444.98 | 402.04 | 512.92 | 561.26 | 677.52 | 646.71 | 520.49 |
Capital Expenditures |
(12.43) | (11.55) | (5.73) | (15.42) | (22.87) | (20.29) | (20.77) | (17.39) | (21.25) | (2.95) |
Net Current Asset Value |
183.37 | 262.62 | 280.00 | 291.65 | 246.21 | 339.45 | 394.73 | 534.82 | 479.00 | 376.06 |
EV/EBIT |
15.69 | 17.28 | 11.57 | 14.36 | 19.80 | 13.26 | 9.99 | 18.41 | 22.67 | 30.44 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
16.17 | 17.96 | 11.90 | 15.16 | 20.55 | 13.54 | 10.50 | 19.77 | 24.54 | 32.91 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.15 | 0.15 | 0.16 | 0.15 | 0.16 | 0.18 | 0.20 | 0.18 | 0.18 |
Cash ROIC |
19.20% | 11.90% | 27.63% | 24.64% | 17.34% | 20.93% | 43.48% | 23.58% | 16.16% | 16.75% |
Accounts Receivable Turnover |
6.58 | 6.42 | 6.74 | 6.11 | 5.43 | 6.07 | 6.53 | 5.87 | 6.37 | 6.54 |
Accounts Payable Turnover |
10.90 | 11.12 | 11.91 | 10.67 | 9.79 | 10.39 | 10.26 | 8.81 | 9.61 | 9.79 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
33.15 | 37.10 | 32.12 | 31.74 | 43.50 | 43.11 | 33.17 | 35.53 | 37.39 | 36.57 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
481.42 | 568.57 | 685.41 | 669.73 | 761.51 | 1,077.18 | 1,139.73 | 905.56 | 759.05 | 726.96 |
Average Payables |
221.56 | 252.27 | 299.63 | 293.07 | 326.25 | 492.32 | 565.75 | 461.68 | 389.80 | 376.60 |
Average Assets |
1,044.05 | 1,224.53 | 1,366.51 | 1,404.14 | 1,540.76 | 1,849.63 | 1,988.67 | 1,866.86 | 1,807.58 | 1,724.62 |
Average Common Equity |
504.40 | 598.22 | 671.51 | 705.30 | 706.65 | 776.92 | 874.62 | 935.57 | 978.18 | 884.05 |
Columns are period end dates