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Earnings transcript
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LSTR
Landstar System, Inc.
$223.46
-1.91
(-0.85%)
| Exchange: | NASDAQ |
| Market Cap: | 7.582B |
| Shares Outstanding: | 95.354M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Integrated Freight & Logistics | |||||
| CEO: | Frank A. Lonegro | |||||
| Full Time Employees: | 1400 | |||||
| Address: |
| |||||
| Website: | https://www.landstar.com |
Landstar System, Inc. delivers comprehensive logistics and transportation solutions, operating across North America (U.S., Canada, and Mexico) and globally. The company’s operations are divided into two main divisions: Transportation Logistics and Insurance. The core Transportation Logistics segment offers an extensive range of freight movement options. These include full truckload and less-than-truckload (LTL) services, intermodal rail, air and ocean cargo, as well as expedited ground and air delivery for time-critical shipments. This segment also handles specialized transport like heavy-haul projects, cross-border freight between the U.S. and Canada, and the U.S. and Mexico, as well as intra-Mexico and intra-Canada movements, and customs brokerage. Landstar additionally provides transportation services to other logistics providers, such as third-party logistics firms and small parcel carriers. To facilitate these services, it employs a varied fleet comprising dry and specialized vans, flatbed trailers, temperature-controlled units, and shipping containers. Its rail intermodal services leverage contracts with both domestic and Canadian railroads, while air and ocean freight are managed through agreements with international airlines and shipping lines. This segment caters to a diverse client base, including the automotive, consumer goods, building materials, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment sectors. The Insurance segment primarily reinsures specific risks associated with the company’s independent contractors. Landstar markets its offerings via a network of independent commission-based sales agents and a pool of third-party capacity providers. Founded in 1968, Landstar System, Inc. is headquartered in Jacksonville, Florida.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,313,463 | 4,834,055 | 4,743,760 |
| Gross Profit | 1,130,960 | 974,885 | 621,632 |
| EBITDA | 397,728 | 304,048 | 197,965 |
| Operating Income | 344,149 | 248,907 | 170,062 |
| Net Income | 264,394 | 195,946 | 115,007 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,801,846 | 1,813,311 | 1,635,935 |
| Total Liabilities | 817,923 | 840,872 | 840,270 |
| Total Stockholders Equity | 983,923 | 972,439 | 795,665 |
| Total Debt | 132,681 | 163,340 | 28,342 |
| Cash and Cash Equivalents | 481,043 | 515,018 | 396,694 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 393,648 | 286,561 | 224,882 |
| Capital Expenditure | -25,688 | 0 | 0 |
| Free Cash Flow | 367,960 | 255,563 | 224,882 |
| Net Income | 264,394 | 195,946 | 115,007 |
| Net Change in Cash | 141,462 | 141,462 | -118,324 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 6,075,231.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 6,148,368.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 6,111,800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 468,385.079 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 474,023.758 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 471,204.418 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 241,278.150 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 288,238.064 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 264,247 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 725,210.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 733,940.481 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 729,575.241 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 7.450 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 8.110 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.790 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Stable Financial Performance: Landstar System, Inc. reported a modest 1% year-over-year revenue increase in the second quarter of 2025, as highlighted in the earnings call transcript. This stability, despite economic challenges, reflects resilience in its operational model, supported by consistent gross profit margins (TTM data) and positive net income trends from income statements.
- Strong Cash Flow Generation: The company demonstrates robust free cash flow (as per cash flow statements), with a healthy free cash flow yield (TTM metrics). This financial flexibility supports dividend payments (evident from lastDiv and dividendYieldTTM) and potential reinvestment in operational enhancements.
- Operational Excellence: The earnings call emphasizes a focus on safety and operational efficiency, which are critical in the transportation and logistics sector (sectorName). This commitment enhances brand reputation and customer trust, positioning LSTR favorably against competitors.
- Solid Balance Sheet: Balance sheet data indicates a manageable debt-to-equity ratio (TTM metrics) and significant cash and cash equivalents, providing a buffer against market volatility and enabling strategic initiatives without excessive leverage.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LSTR intrinsic value between $102.63 – $105.81 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about LSTR valuation
Is Landstar System, Inc. (LSTR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Landstar System, Inc. (LSTR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LSTR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LSTR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LSTR’s P/E ratio?
You can see LSTR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LSTR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LSTR a good long-term investment?
Whether LSTR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LSTR
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Daily snapshot
-0.85
Trading Metrics:
| Open: | 224.31 | Previous Close: | 225.37 | |
| Day Low: | 217.43 | Day High: | 228.11 | |
| Year Low: | 119.32 | Year High: | 228.46 | |
| Price Avg 50: | 182.54 | Price Avg 200: | 150.7 | |
| Volume: | 484576 | Average Volume: | 473200 |
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Login — it's freeLSTR full analysis
Welcome to MARKETSNAP’s SWOT analysis for Landstar System, Inc., a key player in the transportation and logistics space. If you’re not familiar with Landstar, let me give you the quick rundown. This company operates in the trucking and logistics industry, providing freight transportation services across North America. They’re not a small fish either—with a solid market cap and a strong presence in the sector, they’ve carved out a niche by leveraging a network of independent agents and owner-operators. For those…
