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MARKETS / NASDAQ / LSTR
NASDAQ · TRUCKING (NO LOCAL) · LARGE CAP

Landstar System Inc. LSTR

18 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$4.7B
▼ 1.6% YoY
$115.0M
▼ 41.3% YoY
$215.0M
▼ 15.9% YoY
In brief

What this company does

Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions, delivering transportation services to a broad range of customers through a network of agents, third-party capacity providers and employees. It provides services principally throughout the United States and, to a lesser extent, in Canada and Mexico, and between the United States and Canada, Mexico and other countries around the world. It generated revenue of $4.7 billion during its most recently completed fiscal year. Its top 100 customers accounted for approximately 46% of its consolidated revenue during both fiscal years 2025 and 2024. The Company reports the results of two operating segments: the transportation logistics segment and the insurance segment. The transportation logistics segment provides a wide range of integrated transportation management solutions, including truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul and specialized services, hazardous materials, cold chain and temperature-controlled, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. The insurance segment is comprised of Signature Insurance Company, a wholly owned offshore insurance subsidiary, and Risk Management Claim Services, Inc., and it provides risk and claims management services to certain of Landstar's Operating Subsidiaries, reinsures certain risks of the Company's BCO Independent Contractors, and provides certain property and casualty insurance and reinsurance to certain of Landstar's Operating Subsidiaries. Landstar System, Inc. was incorporated in Delaware in January 1991 and has been a publicly held company since its initial public offering in March 1993.

Written from the business description in LANDSTAR SYSTEM INC's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.7 · Net income 0.1
2.5B5.0B2008201120142017202020232025
Compound annual growth
−13.9%
+2.8%
+3.6%
+4.6%
−35.6%
−9.8%
−2.5%
+1.8%
−34.5%
−7.8%
−0.2%
+4.3%
+4.7%
+5.0%
+28.1%
+21.6%
−8.8%
+6.3%
+3.4%
+7.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.2% · Net 2.4%
2%4%6%2008201120142017202020232025
ROE
FY2025 · ROE 13.0%
20%40%2008201120142017202020232025

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders
USD 304.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 215.0
200M400M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 124.8 · Net buybacks 179.9
200M400MDividendsNet buybacks2008201120142017202020232025

USD 124.8M in dividends and USD 179.9M in buybacks — 265% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.6B
EquityUSD 795.7M
CashUSD 396.7M
Gross debtUSD 0.00
Net debtUSD -396.7M
Current ratio1.75×

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.74.85.37.46.54.14.14.63.63.23.33.22.72.82.62.42.0·
Operating income $B0.20.20.30.60.50.30.30.30.20.20.20.20.20.20.20.10.10.2
EBITDA $B··················
Income tax $B0.00.10.10.10.10.10.10.10.10.10.10.10.10.10.10.00.00.1
Net income $B0.10.20.30.40.40.20.20.30.20.10.10.10.10.10.10.10.10.1
Free cash flow $B0.20.30.40.60.30.20.30.30.10.20.20.10.10.10.10.10.10.1
EPS, diluted $3.315.517.3611.769.984.985.726.184.213.253.373.073.162.772.381.771.372.10
Dividend / sh $3.563.383.263.102.922.792.700.631.880.340.301.260.350.730.210.190.170.15
Payout %108614427295712359103920·26911127
ROE %13.020.028.349.349.127.232.338.229.727.230.929.435.038.241.033.726.3·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTrucking (No Local)
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 30
Data on record since2008

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