LSTR · XBRL financial data
Landstar System financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (LSTR's year ends in late December)
| In millions of dollars | Dec 26, 2020 | Dec 25, 2021 | Dec 31, 2022 | Dec 30, 2023 | Dec 28, 2024 | Dec 27, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 4,133 | 6,538 | 7,437 | 5,303 | 4,819 | 4,744 |
| Revenue from contracts with customers | 4,133 | 6,538 | 7,437 | 5,303 | 4,819 | 4,744 |
| Selling, general and administrative | 168 | 221 | 221 | 212 | 218 | 231 |
| Operating income (loss) | 253 | 506 | 571 | 344 | 249 | 152 |
| Interest expense | — | — | 5 | 4 | 4 | 6 |
| Income tax expense (benefit) | 57 | 120 | 137 | 84 | 58 | 36 |
| Net income (loss) | 192 | 382 | 431 | 264 | 196 | 115 |
| Earnings per share, basic USD per share | 4.98 | 9.98 | 11.76 | 7.36 | 5.51 | 3.31 |
| Earnings per share, diluted USD per share | 4.98 | 9.98 | 11.76 | 7.36 | 5.51 | 3.31 |
| Weighted average shares, basic millions of shares | 39 | 38 | 37 | 36 | 36 | 35 |
| Weighted average shares, diluted millions of shares | 39 | 38 | 37 | 36 | 36 | 35 |
Balance sheet
CSVFiscal years (LSTR's year ends in late December)
| In millions of dollars | Dec 26, 2020 | Dec 25, 2021 | Dec 31, 2022 | Dec 30, 2023 | Dec 28, 2024 | Dec 27, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 249 | 216 | 340 | 481 | 515 | 397 |
| Short-term investments | 41 | 36 | 54 | 60 | 52 | 56 |
| Accounts receivable | — | — | — | — | — | 670 |
| Total current assets | 1,208 | 1,523 | 1,439 | 1,353 | 1,320 | 1,216 |
| Property and equipment, net | 297 | 317 | 315 | 284 | 311 | 261 |
| Right-of-use asset | — | — | — | 2 | 1 | 1 |
| Goodwill | 41 | 41 | 41 | 42 | 41 | 34 |
| Total assets | 1,654 | 2,045 | 1,932 | 1,802 | 1,813 | 1,636 |
| Accounts payable | 381 | 604 | 527 | 396 | 384 | 370 |
| Total current liabilities | 806 | 1,010 | 878 | 675 | 673 | 696 |
| Lease liability, non-current | — | — | 1 | 1 | 1 | 0 |
| Retained earnings | 2,046 | 2,317 | 2,636 | 2,784 | 2,860 | 2,853 |
| Total stockholders' equity | 692 | 862 | 887 | 984 | 972 | 796 |
| Total liabilities and equity | 1,654 | 2,045 | 1,932 | 1,802 | 1,813 | 1,636 |
| Common shares outstanding (cover page) millions of shares | 38 | 37 | 36 | 36 | 35 | 34 |
Cash flows
CSVFiscal years (LSTR's year ends in late December)
| In millions of dollars | Dec 26, 2020 | Dec 25, 2021 | Dec 31, 2022 | Dec 30, 2023 | Dec 28, 2024 | Dec 27, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 192 | 382 | 431 | 264 | 196 | 115 |
| Stock-based compensation | 5 | 28 | 12 | 4 | 3 | 6 |
| Net cash from operating activities | 211 | 277 | 623 | 394 | 287 | 225 |
| Purchases of property and equipment | 31 | 23 | 26 | 26 | 31 | 10 |
| Net cash from investing activities | (28) | (73) | (25) | (6) | (10) | (2) |
| Share repurchases | 116 | 123 | 286 | 54 | 81 | 180 |
| Dividends paid | 110 | 112 | 116 | 117 | 120 | 125 |
| Net cash from financing activities | (252) | (233) | (476) | (248) | (237) | (343) |
| Net change in cash | (70) | (30) | 120 | 141 | 34 | (118) |
Compare with peers
SIC 4213 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 4213 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Landstar System | 297 | 1,512 | 71* | 33.7M | 10-QSep 26, 2026 |
| Knight-Swift Transportation Holdings | 254 | 2,201 | 350* | 162.8M | 10-QSep 30, 2026 |
| Saia | 203 | 982 | 190* | 26.7M | 10-QSep 30, 2026 |
| Hunt J B Transport Services | 3.8 | 3,677 | 385* | 93.2M | 10-QSep 30, 2026 |
| Arcbest | 146 | 1,185 | 130* | 22.4M | 10-QJun 30, 2026 |
| Werner Enterprises | 57 | 934 | 84* | 60.0M | 10-QJun 30, 2026 |
| Schneider National | 326 | 1,585 | 139* | not reported | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.