Landstar System Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Operating Revenue	4,665	4,756	5,231	7,358	6,466
Other Revenue	92.83	78.05	82.62	81.72	74.71
Revenue	4,757	4,834	5,313	7,440	6,540
Revenue Growth (YoY)	-1.58%	-9.02%	-28.58%	13.75%	58.12%
Cost of Revenue	3,688	3,745	4,068	5,804	5,115
Gross Profit	909.67	974.89	1,131	1,510	1,320
Selling, General & Admin	617.95	610.46	674.47	836.14	728.49
Other Operating Expenses	61.59	60.38	58.77	48.14	38.36
Operating Expenses	725.92	727.58	791.39	941.73	816.46
Operating Income	183.75	247.31	339.58	568.14	503.84
Interest Expense	-1	-	-	-3.62	-3.98
Interest & Investment Income	-	5.42	3.95	-	-
EBT Excluding Unusual Items	182.75	252.73	343.52	564.52	499.86
Gain (Loss) on Sale of Assets	-	1.6	4.57	2.94	1.83
Asset Writedown	-32.17	-	-	-	-
Pretax Income	150.58	254.33	348.1	567.46	501.69
Income Tax Expense	35.57	58.38	83.7	136.55	120.17
Earnings From Continuing Operations	115.01	195.95	264.39	430.91	381.52
Net Income	115.01	195.95	264.39	430.91	381.52
Net Income to Common	115.01	195.95	264.39	430.91	381.52
Net Income Growth	-41.31%	-25.89%	-38.64%	12.95%	98.60%
Shares Outstanding (Basic)	35	36	36	37	38
Shares Outstanding (Diluted)	35	36	36	37	38
Shares Change (YoY)	-2.31%	-1.06%	-1.95%	-4.19%	-0.95%
EPS (Basic)	3.31	5.51	7.36	11.76	9.98
EPS (Diluted)	3.31	5.51	7.36	11.76	9.98
EPS Growth	-39.92%	-25.09%	-37.43%	17.89%	100.51%
Free Cash Flow	-	255.56	367.96	596.65	253.48
Free Cash Flow Per Share	-	7.19	10.24	16.29	6.63
Dividend Per Share	1.560	1.380	1.260	1.100	0.920
Dividend Growth	13.04%	9.52%	14.54%	19.56%	16.46%
Gross Margin	19.12%	20.17%	21.29%	20.29%	20.19%
Operating Margin	3.86%	5.12%	6.39%	7.64%	7.70%
Profit Margin	2.42%	4.05%	4.98%	5.79%	5.83%
Free Cash Flow Margin	-	5.29%	6.93%	8.02%	3.88%
EBITDA	231.59	304.05	397.73	625.59	553.45
EBITDA Margin	4.87%	6.29%	7.49%	8.41%	8.46%
D&A For EBITDA	47.85	56.74	58.15	57.45	49.61
EBIT	183.75	247.31	339.58	568.14	503.84
EBIT Margin	3.86%	5.12%	6.39%	7.64%	7.70%
Effective Tax Rate	23.62%	22.96%	24.04%	24.06%	23.95%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.