A Business at a Glance
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Item 1. Business Landstar System, Inc. was incorporated in January 1991 under the laws of the State of Delaware and has been a publicly held company since its initial public offering in March 1993. The principal executive offices of Landstar System, Inc. (collectively with its subsidiaries and other affiliated companies referred to herein as “Landstar” or the “Company,” unless the context otherwise requires) is located at 13410 Sutton Park Drive South, Jacksonville, Florida 32224 and its telephone number is (904) 398-9400. The Company makes available free of charge through its website its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements on Schedule 14A and any amendments to those reports filed or furnished pursuant to Section 13(a) and 15(d) of the Exchange Act as soon as reasonably practicable after such material is electronically filed with the Securities and Exchange Commission (“SEC”). The Company’s website is www.landstar.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.7B | 4.7B | 4.8B | 5.3B | 7.4B | 6.5B |
| Net Income | 115M | 115M | 196M | 264M | 431M | 382M |
| EPS | $3.31 | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 |
| Free Cash Flow | 215M | 215M | 256M | 368M | 597M | 253M |
| ROIC | 27.1% | 28.5% | 42.1% | 48.9% | 65.6% | 66.4% |
| Gross Margin | 17.9% | 17.9% | 18.9% | 18.6% | 16.0% | 16.4% |
| Debt/Equity | 0.04 | 0.04 | 0.04 | 0.03 | 0.12 | 0.13 |
| Dividends/Share | $3.59 | $3.56 | $3.38 | $3.26 | $3.10 | $2.92 |
| Operating Income | 152M | 152M | 249M | 344M | 571M | 506M |
| Operating Margin | 3.2% | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% |
| ROE | 14.5% | 13.0% | 20.0% | 28.3% | 49.3% | 49.1% |
| Shares Outstanding | 35M | 35M | 36M | 36M | 37M | 38M |
LANDSTAR SYSTEM INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
LANDSTAR SYSTEM INC trades at 51.2x trailing earnings, compared to its 15-year median P/E of 21.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 26.9x vs a median of 20.6x. The company's 5-year average ROIC is 50.3% with a gross margin of 17.5%. Total shareholder yield (dividends + buybacks) is 5.2%. At current prices, the estimated annualized return to fair value is +6.6%.
LANDSTAR SYSTEM INC (LSTR) has a current P/E ratio of 51.2, compared to its historical median P/E of 21.6. The stock is currently considered Expensive based on its historical valuation range.
LANDSTAR SYSTEM INC (LSTR) has a 5-year average return on invested capital (ROIC) of 50.3%. This indicates strong capital allocation and a potential competitive advantage.
LANDSTAR SYSTEM INC (LSTR) has a market capitalization of $5.9B. It is classified as a mid-cap stock.
Yes, LANDSTAR SYSTEM INC (LSTR) pays a dividend with a trailing twelve-month yield of 2.12%. The company also returns capital through share buybacks, with a buyback yield of 3.05%.
Based on historical P/E analysis, LANDSTAR SYSTEM INC (LSTR) appears expensive. The current P/E of 51.2 is 138% above its historical median of 21.6. The estimated fair value CAGR (P/E method) is 0.4%.
LANDSTAR SYSTEM INC (LSTR) operates in the Trucking (No Local) industry, within the Industrials sector.
LANDSTAR SYSTEM INC (LSTR) reported annual revenue of $4.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
LANDSTAR SYSTEM INC (LSTR) has a net profit margin of 2.4%. This is a modest margin.
LANDSTAR SYSTEM INC (LSTR) generated $215 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LANDSTAR SYSTEM INC (LSTR) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
LANDSTAR SYSTEM INC (LSTR) reported earnings per share (EPS) of $3.31 in its most recent fiscal year.
LANDSTAR SYSTEM INC (LSTR) has a return on equity (ROE) of 13.0%. This indicates moderate shareholder returns.
LANDSTAR SYSTEM INC (LSTR) has a 5-year average gross margin of 17.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for LANDSTAR SYSTEM INC (LSTR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LANDSTAR SYSTEM INC (LSTR) has a book value per share of $22.90, based on its most recent annual SEC filing.