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

Landstar System, Inc. LSTR

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY7 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.7B
▼ 1.6% vs FY2024
Dividend streak
7 yrs
Raised every year since 2019
EPS · FY25
$3.31
Dividend / sh · FY25
$3.56
Payout · FY25
108%
ROE · FY25
13.0%
Net margin · FY25
2.4%
Dividend coverage
0.9×
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Result
USD 4.7B
Revenue, FY2025 · full 18-year series below
Revenue Net income
24684.70.12008201120142017202020232025
24684.70.12016201920222025

2 cents of every revenue dollar became profit this year.

Per share
USD 3.31
Diluted EPS, FY2025
EPS Dividend
48123.563.312008201120142017202020232025
48123.563.312016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
13.0%
Return on equity, FY2025
ROE
20406013.0%2008201120142017202020232025
20406013.0%2016201920222025
Operating margin3.2%
Net margin2.4%
Return on assets6.7%

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

Returned to shareholders
USD 304.6M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 124.8M
Net buybacksUSD 179.9M
Share of profit264.9%
Consecutive raises7 years

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.

Growth
+2.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−13.9%
+2.8%
+3.6%
+4.6%
Net income
−35.6%
−9.8%
−2.5%
+1.8%
EPS, diluted
−34.5%
−7.8%
−0.2%
+4.3%
Dividend / share
+4.7%
+5.0%
+28.1%
+21.6%
Returned to shareholders
−8.8%
+6.3%
+3.4%
+7.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 1.6B
total assets, end of FY2025
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.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
4.7
4.8
5.3
7.4
6.5
4.1
4.1
4.6
3.6
3.2
3.3
3.2
2.7
2.8
2.6
2.4
2.0
·
Operating income $B
0.2
0.2
0.3
0.6
0.5
0.3
0.3
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.2
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.1
Net income $B
0.1
0.2
0.3
0.4
0.4
0.2
0.2
0.3
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
EPS, diluted $
3.31
5.51
7.36
11.76
9.98
4.98
5.72
6.18
4.21
3.25
3.37
3.07
3.16
2.77
2.38
1.77
1.37
2.10
Dividend / sh $
3.56
3.38
3.26
3.10
2.92
2.79
2.70
0.63
1.88
0.34
0.30
1.26
0.35
0.73
0.21
0.19
0.17
0.15
Payout %
108
61
44
27
29
57
12
35
9
10
39
20
·
26
9
11
12
7
ROE %
13.0
20.0
28.3
49.3
49.1
27.2
32.3
38.2
29.7
27.2
30.9
29.4
35.0
38.2
41.0
33.7
26.3
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed