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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%
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 (at or above 1.5: strong)
Debt/Equity 0.08 (at or below 0.5: strong)
P/E ratio 44.47 (above 35: high)
Fwd P/E 38.60 (above 35: high)
P/S ratio 1.17
P/B ratio 6.96 (above 6: high)
Past 5Y EPS Growth (7.84%) (below 0%: weak)
This Y EPS Growth 79.50% (at or above 15%: strong)
Next Y EPS Growth 29.39% (at or above 15%: strong)
Next Y revenue growth 17.35% (at or above 10%: strong)
Next 5Y EPS Growth 38.31% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.0×; over the ten years it ranged from 0.7× in 2022 to 1.4× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Landstar System, Inc. vs peers in Integrated Freight & Logistics (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Landstar System, Inc. (LSTR) Latest News

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stockrow.com/LSTR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com