15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.8% per year over the past 5 years.
Net income has grown slower than revenue (-9.8% vs 2.8% per year).
Operating margin has contracted, at 3.2% in the latest year.
Free cash flow has grown 3.6% per year over the past 5 years.
Financial health
The company holds more cash ($397M) than total debt ($0).
Operating income covered interest expense 27× in the latest year.
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 108.5% of earnings and 58.0% of free cash flow.
The dividend has grown 2.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.7B
$115M
0.0%
3.2%
$215M
$0
$397M
2024
$4.8B
$196M
0.0%
5.2%
$256M
$0
$515M
2023
$5.3B
$264M
0.0%
6.5%
$368M
$0
$481M
2022
$7.4B
$431M
0.0%
7.7%
$597M
$0
$340M
2021
$6.5B
$382M
0.0%
7.7%
$253M
$0
$216M
2020
$4.1B
$192M
0.0%
6.1%
$180M
$0
$249M
2019
$4.1B
$228M
0.0%
7.3%
$288M
$0
$320M
2018
$4.6B
$255M
0.0%
7.2%
$288M
$0
$200M
2017
$3.6B
$177M
0.0%
6.7%
$123M
$0
$242M
2016
—
$137M
—
—
$168M
$0
$179M
2015
—
$148M
—
—
—
$0
$115M
2014
—
$139M
—
—
—
$0
$164M
2013
—
$146M
—
—
—
$102M
$180M
2012
—
$130M
—
—
$120M
$114M
$74M
2011
—
$113M
—
—
$114M
$132M
$81M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.2B
$39M
0.0%
4.5%
$72M
$0
$353M
Dec '25
$1.2B
$24M
0.0%
2.5%
$71M
$0
$397M
Sep '25
$1.2B
$19M
0.0%
2.2%
$86M
$0
$375M
Jun '25
$1.2B
$42M
0.0%
4.6%
$5M
$0
$359M
Mar '25
$1.2B
$30M
0.0%
3.4%
$54M
$0
$417M
Dec '24
$1.2B
$46M
0.0%
4.8%
$54M
$0
$515M
Sep '24
$1.2B
$50M
0.0%
5.2%
$76M
$0
$469M
Jun '24
$1.2B
$53M
0.0%
5.6%
$41M
$0
$438M
Mar '24
$1.2B
$47M
0.0%
5.1%
$85M
$0
$468M
Dec '23
$1.2B
$58M
0.0%
6.2%
$80M
$0
$481M
Sep '23
$1.3B
$62M
0.0%
6.2%
$109M
$0
$440M
Jul '23
$1.4B
$67M
0.0%
6.4%
$46M
$0
$361M
Apr '23
$1.4B
$78M
0.0%
7.1%
$133M
$0
$341M
Dec '22
$1.7B
$93M
0.0%
7.4%
$181M
$0
$340M
Sep '22
$1.8B
$100M
0.0%
7.4%
$213M
—
$178M
Jun '22
$2.0B
$113M
0.0%
7.6%
$111M
—
$78M
Mar '22
$2.0B
$125M
0.0%
8.3%
$91M
$70M
$146M
Dec '21
$1.9B
$113M
0.0%
7.6%
$55M
$0
$216M
Sep '21
$1.7B
$99M
0.0%
7.6%
$70M
$0
$231M
Jun '21
$1.6B
$92M
0.0%
7.8%
$62M
$0
$186M
Valuation over time
How the market has priced LSTR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 14.1× (Mar '23) to 62.0× (Jun '26).
The price-to-sales ratio has risen from 0.8× (Mar '23) to 1.5× (Jun '26).
The dividend yield has fallen from 1.9% (Mar '23) to 1.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is LSTR growing its revenue and profit?
Over the past 5 years, Landstar System Inc's revenue has grown 2.8% per year, and net income declined 9.8% per year. These are computed facts, not advice.
How much debt does LSTR have?
As of FY2025, Landstar System Inc reported $0 of total debt against $397M of cash; operating income covered interest expense 27×.
What is LSTR's profit margin?
In FY2025, gross margin was —, operating margin 3.2%, and net margin 2.4%.
What is LSTR's P/E ratio?
As of Jun '26, Landstar System Inc traded at a price-to-earnings ratio of about 62.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.