Revenue
$4.74B
Fiscal year ended 2025-12-27Operating income
$151.58M
Fiscal year ended 2025-12-27Free cash flow
$215.00M
Fiscal year ended 2025-12-27LANDSTAR SYSTEM INC (LSTR) reported revenue of $4.74B and net income of $115.01M for the fiscal year ended 2025-12-27. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from LANDSTAR SYSTEM INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Trucking (No Local).
Income
| Metric | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-28 | 2018-12-29 | 2017-12-30 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B | $4.13B | $4.08B | $4.62B | $3.65B | $3.17B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $151.58M | $248.91M | $344.15M | $571.08M | $505.67M | $252.95M | $298.90M | $331.74M | $243.97M | $223.25M |
| Net income | $115.01M | $195.95M | $264.39M | $430.91M | $381.52M | $192.11M | $227.72M | $255.28M | $177.09M | $137.35M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 34.72M | shares 35.54M | shares 35.92M | shares 36.63M | shares 38.24M | shares 38.60M | shares 39.79M | shares 41.31M | shares 42.02M | shares 42.24M |
| Pretax income | $150.58M | $254.33M | $348.10M | $567.46M | $501.69M | $249.00M | $295.76M | $328.38M | $240.80M | $219.46M |
| Income tax expense | $35.57M | $58.38M | $83.70M | $136.55M | $120.17M | $56.89M | $68.06M | $73.17M | $63.81M | $82.11M |
| Diluted EPS | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.18 | $4.21 | $3.25 |
| Selling, general & administrative | $230.55M | $217.71M | $211.80M | $221.28M | $221.28M | $167.63M | $158.95M | $188.21M | $170.58M | $143.24M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-28 | 2018-12-29 | 2017-12-30 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $396.69M | $515.02M | $481.04M | $339.58M | $215.52M | $249.35M | $319.52M | $199.74M | $242.42M | $178.90M |
| Total assets | $1.64B | $1.81B | $1.80B | $1.93B | $2.05B | $1.65B | $1.43B | $1.38B | $1.35B | $1.10B |
| Current assets | $1.22B | $1.32B | $1.35B | $1.44B | $1.52B | $1.21B | $997.89M | $971.43M | $961.20M | $737.41M |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $695.84M | $673.15M | $675.22M | $878.14M | $1.01B | $806.14M | $552.90M | $535.82M | $548.64M | $380.31M |
| Total equity incl. NCI | $795.66M | $972.44M | $983.92M | $887.22M | $862.01M | $691.84M | $721.47M | $689.13M | $653.88M | $542.56M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $670.14M | $683.84M | $743.76M | $967.79M | $1.15B | $764.17M | $588.55M | $691.60M | $631.16M | $463.10M |
| Goodwill | $34.00M | $40.93M | $42.28M | $41.22M | $40.77M | $40.95M | $38.51M | $38.23M | $39.06M | $31.13M |
| Long-term debt | $0 | $0 | $0 | $0 | $75.24M | $0 | $0 | $0 | $0 | $0 |
| Accounts payable | $369.57M | $383.62M | $395.98M | $527.37M | $604.13M | $380.50M | $272.00M | $314.13M | $285.13M | $219.41M |
Cash flow
| Metric | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-28 | 2018-12-29 | 2017-12-30 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $224.88M | $286.56M | $393.65M | $622.66M | $276.74M | $210.72M | $307.84M | $297.90M | $138.96M | $190.24M |
| Capital expenditures | $9.88M | $31.00M | $25.69M | $26.00M | $23.26M | $30.63M | $19.42M | $9.75M | $15.59M | $22.64M |
| Investing cash flow | -$2.36M | -$10.50M | -$6.48M | -$24.77M | -$73.34M | -$28.42M | -$18.56M | -$8.19M | -$22.08M | -$14.17M |
| Financing cash flow | -$343.14M | -$237.34M | -$247.97M | -$475.68M | -$232.95M | -$252.03M | -$170.56M | -$330.68M | -$54.40M | -$112.07M |
| Net change in cash | -$118.32M | $33.98M | $141.46M | $120.01M | -$29.78M | -$70.16M | $119.78M | -$42.68M | $63.52M | $64.38M |
| Stock-based compensation | $6.00M | $3.44M | $4.28M | $12.40M | $27.54M | $4.64M | $4.24M | $18.26M | $7.72M | $2.75M |
| Common dividends paid | $124.76M | $120.48M | $117.13M | $115.67M | $111.96M | $109.50M | $27.89M | $88.92M | $15.94M | $14.33M |
| Common share repurchases | $179.86M | $81.40M | $53.92M | $285.98M | $122.72M | $115.96M | $88.58M | $208.09M | $0 | $50.52M |
| Depreciation & amortization | $46.39M | $56.74M | $58.15M | $57.45M | $49.61M | $45.86M | $44.47M | $43.57M | $40.56M | $35.80M |
Derived
| Metric | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-28 | 2018-12-29 | 2017-12-30 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $215.00M | $255.56M | $367.96M | $596.65M | $253.48M | $180.09M | $288.42M | $288.15M | $123.38M | $167.60M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% | 6.1% | 7.3% | 7.2% | 6.7% | 7.0% |
| FCF margin | 4.5% | 5.3% | 6.9% | 8.0% | 3.9% | 4.4% | 7.1% | 6.2% | 3.4% | 5.3% |
| SBC / revenue | 0.1% | 0.1% | 0.1% | 0.2% | 0.4% | 0.1% | 0.1% | 0.4% | 0.2% | 0.1% |
| Current ratio | 1.75x | 1.96x | 2.00x | 1.64x | 1.51x | 1.50x | 1.80x | 1.81x | 1.75x | 1.94x |
| Revenue YoY growth | -1.6% | -9.1% | -28.7% | 13.8% | 58.2% | 1.2% | -11.5% | 26.6% | 15.1% | Unavailable |
| Net margin | 2.4% | 4.1% | 5.0% | 5.8% | 5.8% | 4.6% | 5.6% | 5.5% | 4.9% | 4.3% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.2% | 0.6% | 0.5% | 0.3% | 0.4% | 0.7% | 0.5% | 0.2% | 0.4% | 0.7% |
| Long-term debt / equity | 0.00x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.6% | 23.0% | 24.0% | 24.1% | 24.0% | 22.8% | 23.0% | 22.3% | 26.5% | 37.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LSTR in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-07-29View SEC filing
10-Q · Filed 2025-05-13View SEC filing
10-K · Filed 2025-02-24View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.