Landstar System, Inc.
NASDAQ•LSTR
CEO: Mr. James P. Todd
Sector: Industrials
Industry: Integrated Freight & Logistics
Listing Date: 1993-03-05
Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads, certain short-line railroads, and asset-based intermodal equipment; and domestic and international air and ocean services. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment provides risk and claims management services; and reinsures risks of the company's independent contractors. It markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was incorporated in 1991 and is headquartered in Jacksonville, Florida.
Contact Information
Market Cap
$5.04B
P/E (TTM)
44.0
35.8
Dividend Yield
2.4%
52W High
$166.11
52W Low
$119.32
52W Range
Rank19Top 5.6%
6.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$1.17B-3.19%
4-Quarter Trend
EPS
$0.70-46.56%
4-Quarter Trend
FCF
$70.51M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Down 2% Total revenue reached $4.74B USD in FY 2025, marking a 2% decrease compared to $4.82B USD reported in fiscal year 2024.
Net Income Significantly Lower Net income fell to $115.0M USD, a sharp 41.3% decline from $195.9M USD in 2024, heavily impacted by asset impairments.
Major Non-Cash Impairments Recorded $32.2M in non-cash impairment charges, including $7.5M goodwill charge for Landstar Metro, negatively impacting EPS by $0.71.
BCO Truck Count Decreased BCO Independent Contractor trucks decreased by 329 units to 8,514 by year-end 2025, reflecting capacity reduction in the core truckload segment.
Risk Factors
Insurance Claims Expense Surge Insurance and claims costs increased $45.5M due to unfavorable development of prior claims, including $5.7M related to the Cabral Matter judgment.
Broker Liability Legal Uncertainty Significant legal uncertainty exists regarding Broker Liability Claims, with the Supreme Court case potentially impacting future asserted claims against the Company.
Capacity Provider Turnover Risk BCO Independent Contractor truck turnover was 31% in FY 2025; loss of key agents or capacity providers could materially affect operations.
Cybersecurity Threat Intensification Reliance on digital systems means cybersecurity threats, including AI-enabled attacks, pose risks to operations, confidentiality, and financial condition.
Outlook
Technology Investment Continues Invested approximately $28M in strategic development efforts in FY 2025, focusing on AI integration across the entire operational ecosystem.
Landstar Metro Sale Planned Actively marketing Mexican subsidiary Landstar Metro; management anticipates a sale or other disposition during the upcoming fiscal year 2026.
Focus on Agent Revenue Growth Future revenue growth hinges on recruiting new agents and increasing revenue opportunities for the 77 independent agencies generating over $10M.
Liquidity Remains Strong Cash and cash equivalents totaled $396.7M USD at year-end 2025; borrowing capacity remains available under the Credit Agreement.
Peer Comparison
Revenue (TTM)
$14.24B
$6.39B
$5.67B
Gross Margin (Latest Quarter)
94.3%
37.6%
36.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AGX | $6.36B | 52.9 | 31.4% | 0.3% |
| POWL | $6.10B | 32.5 | 30.6% | 0.1% |
| ENS | $5.94B | 19.0 | 16.6% | 29.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.5%
Moderate Growth
4Q Net Income CAGR
-7.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 28, 2026
EPS:$1.13
|Revenue:$1.15B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data