Company research
LANDSTAR SYSTEM INC
CIK 853816Updated Nov 3, 2026
SecurityLSTR · NASDAQ · equity
LSTR price & chart
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NASDAQ:LSTR on TradingView ↗About the company
Landstar System, Inc., is a technology-enabled, asset-light provider of freight transportation and logistics solutions focused on safety, security and service to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
In the news
Landstar Appoints Bill Clement as Chief Commercial Officer ↗
Securities Fraud Investigation Into Landstar System, Inc. (LSTR) Continues - Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm News provided by Glancy Prongay & Murray LLP May 16, 2025, 17:00 ET Share this article Share to X Share this article ↗
Landstar System, Inc. (LSTR) Investors Who Lost Money - Contact Law Offices of Howard G. Smith About Securities Fraud Investigation News provided by Law Offices of Howard G. Smith May 16, 2025, 16:30 ET Share this article Share to X Share this article Share to X BENSALEM, Pa. , May 16, 2025 /PRNewsw ↗
Seeking Alpha
The industry that keeps America moving now waits to see how America votes ↗
Landstar System, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
Landstar System's Big Drop Makes Sense Here ↗
SEC disclosures
LANDSTAR SYSTEM INC files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
SCHEDULE 13G/A - filed by KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC regarding LANDSTAR SYSTEM INC
4 filing
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
144 filing
144 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 1,662,196,000Source | 1,757,255,000Source | 1,852,527,000Source | 1,699,644,000Source | 1,755,204,000Source | 1,602,198,000Source | 1,716,178,000Source | 1,745,841,000Source | 1,635,935,000Source | 1,813,311,000Source | 1,801,846,000Source | 1,931,879,000Source |
| Property, Plant and Equipment, NetUSD | 262,466,000Source | 289,248,000Source | 284,081,000Source | 287,500,000Source | 285,995,000Source | 255,738,000Source | 297,517,000Source | 279,552,000Source | 261,322,000Source | 311,345,000Source | 284,300,000Source | 314,990,000Source |
| GoodwillUSD | 34,005,000Source | 41,122,000Source | 41,934,000Source | 41,399,000Source | 41,607,000Source | 34,005,000Source | 40,881,000Source | 42,381,000Source | 34,005,000Source | 40,933,000Source | 42,275,000Source | 41,220,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 375,191,000Source | 468,830,000Source | 439,661,000Source | 359,237,000Source | 438,062,000Source | 353,255,000Source | 417,420,000Source | 467,671,000Source | 396,694,000Source | 515,018,000Source | 481,043,000Source | 339,581,000Source |
| Assets, CurrentUSD | 1,245,108,000Source | 1,311,394,000Source | 1,395,542,000Source | 1,237,346,000Source | 1,315,185,000Source | 1,183,601,000Source | 1,241,621,000Source | 1,310,368,000Source | 1,216,326,000Source | 1,319,867,000Source | 1,352,741,000Source | 1,439,390,000Source |
| Operating Lease, Right-of-Use AssetUSD | 681,000Source | 1,074,000Source | — | 851,000Source | 1,252,000Source | 552,000Source | 983,000Source | 1,484,000Source | 615,000Source | 1,062,000Source | 1,695,000Source | — |
| Other Assets, NoncurrentUSD | 120,617,000Source | 115,491,000Source | 130,970,000Source | 133,399,000Source | 112,417,000Source | 128,854,000Source | 136,159,000Source | 113,540,000Source | 124,282,000Source | 141,166,000Source | 122,530,000Source | 136,279,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 686,000Source | 686,000Source | 685,000Source | 686,000Source | 686,000Source | 686,000Source | 686,000Source | 685,000Source | 686,000Source | 686,000Source | 685,000Source | 684,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,910,514,000Source | 2,897,073,000Source | 2,808,919,000Source | 2,905,011,000Source | 2,859,786,000Source | 2,878,506,000Source | 2,877,034,000Source | 2,818,939,000Source | 2,852,680,000Source | 2,859,916,000Source | 2,783,645,000Source | 2,635,960,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -6,745,000Source | -8,555,000Source | -11,729,000Source | -7,164,000Source | -9,478,000Source | -7,087,000Source | -10,996,000Source | -6,835,000Source | -5,712,000Source | -12,010,000Source | -6,865,000Source | -15,024,000Source |
| Stockholders' Equity Attributable to ParentUSD | 888,704,000Source | 1,015,918,000Source | 1,043,154,000Source | 921,826,000Source | 1,000,812,000Source | 798,976,000Source | 930,755,000Source | 1,017,911,000Source | 795,665,000Source | 972,439,000Source | 983,923,000Source | 887,221,000Source |
| Additional Paid in Capital, Common StockUSD | 260,501,000Source | 255,398,000Source | 254,630,000Source | 258,915,000Source | 256,084,000Source | 263,740,000Source | 257,296,000Source | 254,192,000Source | 261,256,000Source | 255,260,000Source | 254,642,000Source | 258,487,000Source |
| Liabilities and EquityUSD | 1,662,196,000Source | 1,757,255,000Source | 1,852,527,000Source | 1,699,644,000Source | 1,755,204,000Source | 1,602,198,000Source | 1,716,178,000Source | 1,745,841,000Source | 1,635,935,000Source | 1,813,311,000Source | 1,801,846,000Source | 1,931,879,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 619,078,000Source | 592,652,000Source | 670,065,000Source | 619,139,000Source | 605,718,000Source | 630,720,000Source | 612,314,000Source | 589,672,000Source | 695,840,000Source | 673,154,000Source | 675,224,000Source | 878,135,000Source |
| Operating Lease, Liability, CurrentUSD | 288,000Source | 618,000Source | 844,000Source | 392,000Source | 719,000Source | 291,000Source | 467,000Source | 791,000Source | 289,000Source | 520,000Source | 832,000Source | 782,000Source |
| Accounts Payable, CurrentUSD | 402,753,000Source | 397,908,000Source | 464,720,000Source | 401,849,000Source | 401,535,000Source | 396,654,000Source | 389,592,000Source | 384,267,000Source | 369,567,000Source | 383,625,000Source | 395,980,000Source | 527,372,000Source |
| Operating Lease, Liability, NoncurrentUSD | 393,000Source | 456,000Source | 957,000Source | 459,000Source | 533,000Source | 261,000Source | 516,000Source | 693,000Source | 326,000Source | 542,000Source | 863,000Source | 1,262,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 20,909,000Source | 17,602,000Source | 23,988,000Source | 31,434,000Source |
| Dividends Payable, CurrentUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 68,117,000Source | 70,632,000Source | 71,433,000Source | 71,854,000Source |
| Long-term DebtUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Short-term InvestmentsUSD | 59,227,000Source | 62,451,000Source | 57,099,000Source | 66,935,000Source | 65,959,000Source | 57,697,000Source | 56,016,000Source | 62,781,000Source | 55,531,000Source | 51,619,000Source | 59,661,000Source | 53,955,000Source |
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | — | — | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 19,364,000Source | 50,033,000Source | 41,893,000Source | 52,624,000Source | 39,440,000Source | 29,806,000Source | 115,007,000Source | 195,946,000Source | 264,394,000Source | 430,914,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 1,586,000Source | -43,000Source | 1,619,000Source | 1,892,000Source | 2,487,000Source | 2,038,000Source | 5,998,000Source | 3,435,000Source | 4,282,000Source | 12,399,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 27,087,000Source | 5,967,000Source | -14,058,000Source | -12,355,000Source | -131,392,000Source | -76,758,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 2,647,000Source | -6,990,000Source | -7,709,000Source | -5,360,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 78,211,000Source | 55,698,000Source | 224,882,000Source | 286,561,000Source | 393,648,000Source | 622,659,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -5,797,000Source | 1,147,000Source | -2,356,000Source | -10,499,000Source | -6,478,000Source | -24,772,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 5,814,000Source | 1,902,000Source | 9,880,000Source | 30,998,000Source | 25,688,000Source | 26,005,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 1,040,000Source | 909,000Source | 933,000Source | 3,928,000Source | 9,185,000Source | 10,428,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 22,387,000Source | 60,361,000Source | 179,856,000Source | 81,400,000Source | 53,919,000Source | 285,983,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -114,936,000Source | -154,603,000Source | -343,143,000Source | -237,339,000Source | -247,971,000Source | -475,682,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -43,439,000Source | -97,598,000Source | -118,324,000Source | 33,975,000Source | 141,462,000Source | 120,010,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 375,191,000Source | 468,830,000Source | 359,237,000Source | 438,062,000Source | 353,255,000Source | 417,420,000Source | 396,694,000Source | 515,018,000Source | 481,043,000Source | 339,581,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 51,451,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 66,000Source | 66,000Source | 264,000Source | 263,000Source | 263,000Source | 355,000Source |
| Dividends Payable, CurrentUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 68,117,000Source | 70,632,000Source | 71,433,000Source | 71,854,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 335,000Source | 830,000Source | 1,807,000Source | 1,597,000Source | 4,574,000Source | 2,944,000Source |
| GoodwillUSD | — | — | 34,005,000Source | 41,122,000Source | 41,399,000Source | 41,607,000Source | 34,005,000Source | 40,881,000Source | 34,005,000Source | 40,933,000Source | 42,275,000Source | 41,220,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 6,745,000Source | 14,252,000Source | 13,689,000Source | 17,110,000Source | 13,278,000Source | 9,772,000Source | 35,574,000Source | 58,380,000Source | 83,701,000Source | 136,549,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 19,364,000Source | 50,033,000Source | 41,893,000Source | 52,624,000Source | 39,440,000Source | 29,806,000Source | 115,007,000Source | 195,946,000Source | 264,394,000Source | 430,914,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 28,000Source | 68,000Source |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,205,406,000Source | 1,213,867,000Source | 1,211,383,000Source | 1,225,005,000Source | 1,171,291,000Source | 1,152,502,000Source | 4,743,760,000Source | 4,819,245,000Source | 5,303,322,000Source | 7,436,562,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 57,015,000Source | 51,252,000Source | 55,706,000Source | 54,939,000Source | 60,965,000Source | 61,582,000Source | 230,548,000Source | 217,708,000Source | 211,799,000Source | 221,279,000Source |
| Operating Income (Loss)USD | — | — | 26,326,000Source | 63,116,000Source | 56,280,000Source | 68,059,000Source | 53,236,000Source | 39,419,000Source | 151,577,000Source | 248,907,000Source | 344,149,000Source | 571,083,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 26,109,000Source | 64,285,000Source | 55,582,000Source | 69,734,000Source | 52,718,000Source | 39,578,000Source | 150,581,000Source | 254,326,000Source | 348,095,000Source | 567,463,000Source |
| Income Tax Expense (Benefit)USD | — | — | 6,745,000Source | 14,252,000Source | 13,689,000Source | 17,110,000Source | 13,278,000Source | 9,772,000Source | 35,574,000Source | 58,380,000Source | 83,701,000Source | 136,549,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 19,364,000Source | 50,033,000Source | 41,893,000Source | 52,624,000Source | 39,440,000Source | 29,806,000Source | 115,007,000Source | 195,946,000Source | 264,394,000Source | 430,914,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.56Source | 1.41Source | 1.2Source | 1.48Source | 1.16Source | 0.85Source | 3.31Source | 5.51Source | 7.36Source | — |
| Earnings Per Share, DilutedUSD per share | — | — | 0.56Source | 1.41Source | 1.2Source | 1.48Source | 1.16Source | 0.85Source | 3.31Source | 5.51Source | 7.36Source | 11.76Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 34,581,000Source | 35,420,000Source | 34,870,000Source | 35,654,000Source | 34,022,000Source | 35,203,000Source | 34,717,000Source | 35,538,000Source | 35,920,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 34,581,000Source | 35,420,000Source | 34,870,000Source | 35,654,000Source | 34,022,000Source | 35,203,000Source | 34,717,000Source | 35,538,000Source | 35,920,000Source | 36,633,000Source |
| Additional Financial Items | ||||||||||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.4Source | 0.36Source | 0.4Source | 0.33Source | 0.4Source | 0.36Source | 3.56Source | 3.38Source | 3.26Source | 3.1Source |
| Costs and ExpensesUSD | — | — | 1,182,373,000Source | 1,154,673,000Source | 1,158,832,000Source | 1,160,600,000Source | 1,121,029,000Source | 1,116,681,000Source | 4,605,868,000Source | 4,585,148,000Source | 4,969,314,000Source | 6,868,641,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 32,927,000Source | 65,370,000Source | 91,410,000Source | 141,909,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 11,509,000Source | 15,371,000Source | 12,149,000Source | 14,488,000Source | 10,560,000Source | 12,226,000Source | 46,388,000Source | 56,738,000Source | 58,153,000Source | 57,453,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 148,000,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 1,357,000Source | 1,082,000Source | 1,439,000Source | 870,000Source | 1,296,000Source | 1,509,000Source | 5,586,000Source | 4,076,000Source | — | — |
| Interest Income, OperatingUSD | — | — | 3,293,000Source | 3,922,000Source | 3,729,000Source | 3,654,000Source | 2,974,000Source | 3,598,000Source | 13,685,000Source | 14,810,000Source | 10,141,000Source | 3,162,000Source |
| Operating Insurance and Claims Costs, ProductionUSD | — | — | 33,008,000Source | 30,398,000Source | 30,449,000Source | 27,164,000Source | 35,564,000Source | 39,852,000Source | 159,436,000Source | 113,929,000Source | 114,241,000Source | 125,835,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 15,572,000Source | 15,144,000Source | 19,595,000Source | 14,135,000Source | 14,800,000Source | 11,829,000Source | 61,586,000Source | 58,781,000Source | 54,191,000Source | 45,192,000Source |
Filing attachments
d176512dex991.htm · 8-K · 2026-10-27
Exhibit 99.1 For Immediate Release October 27, 2026 ─────────────────────────────────────────────── LANDSTAR SYSTEM REPORTS THIRD QUARTER REVENUE OF $1.512B AND EARNINGS PER SHARE OF $1.42 Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 third quarter. The Company reported total revenue of $1.512 billion in the 2026 third quarter, an increase of 25% as compared to revenue of $1.205 billion in the 2…
Read attachment ↗d176512dex992.htm · 8-K · 2026-10-27
Date Landstar System, Inc. Earnings Conference Call 3Q 2026 Exhibit 99.2 Forward-Looking Statements Disclaimer The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward-looking statements.” This presentation may make certain statements containing forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies…
Read attachment ↗d123956dex991.htm · 8-K · 2026-07-28
EX-99.1 2 d123956dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 For Immediate Release July 28, 2026 ──────────────────────────────────────────── LANDSTAR SYSTEM REPORTS SECOND QUARTER REVENUE OF $1.432B AND EARNINGS PER SHARE OF $1.44 Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 second quarter. The Company reported total revenue of $1.432 billion in the 2026 second quarter, an increase of 18% as …
Read attachment ↗d123956dex992.htm · 8-K · 2026-07-28
EX-99.2 3 d123956dex992.htm EX-99.2 EX-99.2 Date Landstar System, Inc. Earnings Conference Call 2Q 2026 Exhibit 99.2 Forward-Looking Statements Disclaimer The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward-looking statements.” This presentation may make certain statements containing forward-looking statements, such as statements which relate to …
Read attachment ↗d66119dex991.htm · 8-K · 2026-07-23
EX-99.1 2 d66119dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 For Immediate Release July 23, 2026 ──────────────────────────────────────────── LANDSTAR APPOINTS BILL CLEMENT AS CHIEF COMMERCIAL OFFICER Jacksonville, Fla. - Landstar System, Inc. (NASDAQ: LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today announced the appointment of William “Bill” Clement as Vice President and Ch…
Read attachment ↗d84596dex991.htm · 8-K · 2026-04-28
EX-99.1 2 d84596dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 For Immediate Release April 28, 2026 ───────────────────────────────────────────── LANDSTAR SYSTEM REPORTS IMPROVED FIRST QUARTER PERFORMANCE REVENUE OF $1.171B AND EARNINGS PER SHARE OF $1.16 Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the 2026 first quarter. The Company reported total revenue of $1.171 billion in the 2026 first quarter, an …
Read attachment ↗