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
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	4,076	4,138	4,531	6,419	5,622
Gross Profit	681.71	696.06	782.53	1,021	918.55
Selling, General & Admin	389.98	331.64	326.04	347.11	326.74
Depreciation & Amortization Expenses	46.39	56.74	58.15	57.45	49.61
Other Operating Expenses	93.76	58.78	54.19	45.19	36.53
Total Operating Expenses	530.13	447.16	438.38	449.76	412.88
Operating Income	151.58	248.91	344.15	571.08	505.67
Interest Expense	-1	5.42	3.95	-3.62	-3.98
Total Non-Operating Income (Expense)	-1	5.42	3.95	-3.62	-3.98
Pretax Income	150.58	254.33	348.1	567.46	501.69
Provision for Income Taxes	35.57	58.38	83.7	136.55	120.17
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	-39.93%	-25.14%	-37.41%	17.84%	100.40%
Free Cash Flow	0	255.56	367.96	596.65	253.48
Free Cash Flow Growth	-	-30.55%	-38.33%	135.39%	40.75%
Free Cash Flow Per Share	-	7.19	10.24	16.29	6.63
Dividends 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	14.33%	14.40%	14.73%	13.72%	14.04%
Operating Margin	3.19%	5.15%	6.48%	7.68%	7.73%
Profit Margin	2.42%	4.05%	4.98%	5.79%	5.83%
FCF Margin	0.00%	5.29%	6.93%	8.02%	3.88%
EBITDA	151.58	305.65	402.3	628.54	555.28
EBITDA Margin	3.19%	6.32%	7.57%	8.45%	8.49%
EBIT	151.58	248.91	344.15	571.08	505.67
EBIT Margin	3.19%	5.15%	6.48%	7.68%	7.73%
Effective Tax Rate	23.62%	22.95%	24.05%	24.06%	23.95%

Updated Dec 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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