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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Market cap: $5.9B
P/E: 44.5×
Fwd P/E: 38.6×
Dividend yield: 2.12%
F-score: 6/9
Altman Z: 9.60
Beneish M: −2.87
Dividend safety: 38/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.75

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	2	—	—	—	—

Insider Ownership 0.75%

Capital & Financial Ratios $m

Market Cap 5,850.00

Revenue 4,995.47

Net Income 131.70

Free Cash Flow 179.73

Net Debt (280.93)

Current Ratio 1.82

Debt/Equity 0.08

P/E ratio 44.47

Fwd P/E 38.60

P/S ratio 1.17

P/B ratio 6.96

Past 5Y EPS Growth (7.84%)

This Y EPS Growth 79.50%

Next Y EPS Growth 29.39%

Next Y revenue growth 17.35%

Next 5Y EPS Growth 38.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 93.81%

10-year low 10-year high

P/S against its own 10 years 66.31%

10-year low 10-year high

P/B against its own 10 years 71.14%

10-year low 10-year high

EV/Sales against its own 10 years 63.99%

10-year low 10-year high

EV/FCF against its own 10 years 87.58%

10-year low 10-year high

Dividends

Payout Ratio 0.94

Annual Dividend Rate 3.64

Annual Dividend Yield 2.12%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.64	2.00 0.40 0.40 0.44
2025	1.56	2.00 0.36 0.40 0.40 0.40
2024	1.38	2.00 0.33 0.33 0.36 0.36
2023	1.26	2.00 0.30 0.30 0.33 0.33
2022	1.10	2.00 0.25 0.25 0.30 0.30
2021	0.92	2.00 0.21 0.21 0.25 0.25
2020	0.79	2.00 0.19 0.19 0.21 0.21
2019	0.70	0.17 0.17 0.19 0.19
2018	0.63	1.50 0.15 0.15 0.17 0.17
2017	0.38	0.09 0.09 0.10 0.10
2016	0.34	0.08 0.08 0.09 0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	541	567	452	348
Receivables	787	731	723	914
Inventory	—	—	—	—
Other	25	22	41	59
	1,353	1,320	1,216	1,321

	2023	2024	2025	Q'26
Payables	396	384	370	469
ST’ Debt	28	33	28	25
Other	118	125	173	159
	675	673	696	724

Compound Annual Growth %

	10y	5y	3y
Sales	3.66%	2.84%	(13.85%)
Cash Flow	0.40%	1.31%	(28.79%)
Earnings	(2.47%)	(9.75%)	(35.62%)
Book Value	5.49%	2.84%	(3.57%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,174	1,435	—	—	—
’25	1,156	1,215	1,209	1,178	4,757
’24	1,174	1,229	1,218	1,213	4,834
’23	1,437	1,376	1,292	1,208	5,313
’22	1,971	1,976	1,817	1,676	7,440
’21	1,288	1,571	1,735	1,946	6,540
’20	929	824	1,086	1,297	4,136

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	78	(50)	—	—	—
’25	56	7	89	73	225
’24	94	48	83	61	287
’23	139	53	112	90	394
’22	95	115	227	186	623
’21	70	67	80	60	277
’20	99	99	(13)	25	211

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	74	(52)	—	—	—
’25	58	6	87	71	222
’24	87	42	78	58	265
’23	134	49	111	81	376
’22	92	113	213	184	602
’21	66	63	71	56	256
’20	95	90	(18)	21	188

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.16	1.44	—	—	—
’25	0.85	1.20	0.56	0.70	3.31
’24	1.32	1.48	1.41	1.31	5.51
’23	2.17	1.85	1.71	1.62	7.36
’22	3.34	3.05	2.76	2.60	11.76
’21	2.01	2.40	2.58	2.99	9.98
’20	1.04	0.63	1.61	1.70	4.98

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	53.03	80.00	90.23	93.58	85.30	132.36	137.15	160.05	165.39	119.32	Analyst estimates 2026–2028 Powerpack
	High	90.80	107.60	128.70	120.23	140.40	188.63	182.00	208.62	200.43	179.74
People
People	Employees	1,197	1,273	1,306	1,333	1,320	1,399	1,449	1,468	1,441	1,378
	Revenue/emp, $m	2.65	2.87	3.54	3.07	3.13	4.68	5.13	3.62	3.35	3.45
Income, $m
Income, $m	Revenue	3,169	3,649	4,619	4,090	4,136	6,540	7,440	5,313	4,834	4,757
	Gross margin, %	23.78	23.12	22.71	23.53	22.81	21.80	21.99	23.43	22.52	22.47
	EBT	219	241	328	296	249	502	567	348	254	151
	EBT margin, %	6.92	6.60	7.11	7.23	6.02	7.67	7.63	6.55	5.26	3.17
	Net income	137	177	255	228	192	382	431	264	196	115
	Depreciation	36	41	44	44	46	50	57	58	57	46
Per share, $
Per share, $	Revenue	75.25	87.01	111.91	102.79	107.15	171.06	203.09	147.92	136.03	137.04
	Earnings	3.26	4.22	6.19	5.72	4.98	9.98	11.76	7.36	5.51	3.31
	Cash flow	4.52	3.31	7.22	7.74	5.46	7.24	17.00	10.96	8.06	6.48
	Capex	(0.30)	(0.28)	(0.14)	(0.39)	(0.59)	(0.53)	(0.57)	(0.48)	(0.60)	(0.09)
	Free cash flow	4.22	3.04	7.08	7.35	4.87	6.71	16.43	10.47	7.47	6.39
	Book value	12.88	15.59	16.70	18.13	17.92	22.55	24.22	27.39	27.36	22.92
	Shares, m	42	42	41	40	39	38	37	36	36	35
Valuation, ×
Valuation, ×	P/E	26.21	24.82	15.43	19.87	27.04	17.94	13.93	25.77	31.13	43.41
	P/S	1.14	1.20	0.85	1.11	1.26	1.05	0.81	1.28	1.26	1.05
	P/B	6.65	6.70	5.73	6.28	7.51	7.94	6.76	6.92	6.28	6.27
	EV/Sales	1.11	1.16	0.83	1.05	1.21	1.03	0.77	1.19	1.17	0.97
	EV/FCF	19.69	33.09	13.13	14.67	26.66	26.15	9.48	16.84	21.27	20.79
Cash, $m
Cash, $m	Operating cash flow	190	139	298	308	211	277	623	394	287	225
	Capex	(12)	(12)	(6)	(15)	(23)	(20)	(21)	(17)	(21)	(3)
	Free cash flow	178	127	292	292	188	256	602	376	265	222
Balance, $m
Balance, $m	Working capital	357	413	436	445	402	513	561	678	647	520
	Total debt	138	125	128	113	101	112	103	71	102	77
	Net debt	(107)	(166)	(111)	(240)	(190)	(139)	(290)	(470)	(464)	(375)
	Shareholders’ equity	543	654	689	721	692	862	887	984	972	796
Returns, %
Returns, %	ROA	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
	ROE	27.23	29.60	38.02	32.29	27.19	49.11	49.27	28.26	20.03	13.01

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EXPD Expeditors International of Washington, Inc.	$25.8B	28.4×	23.6×	+32.07% (above 0%: growing)	+50.37% (above 0%: growing)	+2.03% (above 0%: growing)	30.99%	9.98%	Compare
JBHT J.B. Hunt Transport Services, Inc.	$22.1B	32.4×	38.8×	+19.37% (above 0%: growing)	+45.80% (above 0%: growing)	+29.82% (above 0%: growing)	41.31%	7.42%	Compare
CHRW C.H. Robinson Worldwide, Inc.	$16.1B	26.3×	30.2×	+19.28% (above 0%: growing)	+24.41% (above 0%: growing)	−91.47% (below 0%: shrinking)	14.96%	5.18%	Compare
ZTO ZTO Express (Cayman) Inc.	$11.0B	10.6×	11.3×	+29.83% (above 0%: growing)	+73.53% (above 0%: growing)	+121.35% (above 0%: growing)	25.66%	22.19%	Compare
LSTR Landstar System, Inc.	$5.9B	44.5×	38.6×	+18.09% (above 0%: growing)	+20.00% (above 0%: growing)	−950.32% (below 0%: shrinking)	21.71%	4.62%
GXO GXO Logistics, Inc.	$5.3B	41.0×	26.3×	+4.30% (above 0%: growing)	−4.35% (below 0%: shrinking)	+127.91% (above 0%: growing)	14.76%	2.24%	Compare
PBI Pitney Bowes Inc.	$2.4B	13.6×	11.1×	−2.25% (below 0%: shrinking)	+117.65% (above 0%: growing)	+37.11% (above 0%: growing)	53.66%	23.66%	Compare
HUBG Hub Group, Inc.	$1.7B	15.1×	23.7×	−5.31% (below 0%: shrinking)	+23.08% (above 0%: growing)	−37.43% (below 0%: shrinking)	26.84%	4.22%	Compare
CYRX CryoPort, Inc.	$864.6M	— (loss-making)	— (loss-making)	+7.74% (above 0%: growing)	n/m	+35.91% (above 0%: growing)	46.61%	(20.50%)	Compare
Median of peers	$8.2B	26.3×	23.7×	+13.51%	+45.80%	+32.87%	28.92%	6.30%

All 31 Integrated Freight & Logistics stocks →

Landstar System, Inc. (LSTR) key facts

Concern: Landstar System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 1.58% from fiscal 2024.
Concern: Net income was $115.0 million, or $3.31 per share (basic), a net margin of 2.42%.
Landstar System, Inc. (LSTR) is an Integrated Freight & Logistics company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, LSTR traded at $171.65, a market capitalization of $5.9 billion.
At that price the stock trades at 44.5× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 94% of its own readings over the past ten years.
Landstar System, Inc. pays an annual dividend of $3.64 per share, a yield of 2.12%, with a payout ratio of 94.3%.
Return on equity was 13.0% and debt-to-equity 0.08.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 9.60 (safe zone) for fiscal 2025.