Landstar System Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 28, 2026	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	4,776	4,757	4,834	5,313	7,440	6,540
Revenue Growth (YoY)	-0.83%	-1.58%	-9.02%	-28.58%	13.75%	58.12%
Cost of Revenue	4,084	4,076	4,138	4,531	6,419	5,622
Gross Profit	691.92	681.71	696.06	782.53	1,021	918.55
Selling, General & Admin	385.08	389.98	331.64	326.04	347.11	326.74
Depreciation & Amortization Expenses	44.72	46.39	56.74	58.15	57.45	49.61
Other Operating Expenses	96.73	93.76	58.78	54.19	45.19	36.53
Total Operating Expenses	526.53	530.13	447.16	438.38	449.76	412.88
Operating Income	165.39	151.58	248.91	344.15	571.08	505.67
Interest Expense	-1.67	-1	5.42	3.95	-3.62	-3.98
Total Non-Operating Income (Expense)	-1.67	-1	5.42	3.95	-3.62	-3.98
Pretax Income	163.72	150.58	254.33	348.1	567.46	501.69
Provision for Income Taxes	39.08	35.57	58.38	83.7	136.55	120.17
Net Income	124.64	115.01	195.95	264.39	430.91	381.52
Net Income to Common	124.64	115.01	195.95	264.39	430.91	381.52
Net Income Growth	-30.23%	-41.31%	-25.89%	-38.64%	12.95%	98.60%
Shares Outstanding (Basic)	34	35	36	36	37	38
Shares Outstanding (Diluted)	34	35	36	36	37	38
Shares Change (YoY)	-2.77%	-2.31%	-1.06%	-1.95%	-4.19%	-0.95%
EPS (Basic)	3.62	3.31	5.51	7.36	11.76	9.98
EPS (Diluted)	3.62	3.31	5.51	7.36	11.76	9.98
EPS Growth	-28.32%	-39.93%	-25.14%	-37.41%	17.84%	100.40%
Shares Outstanding	33.93	34.06	35.32	35.72	35.93	37.69
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	1.600	1.560	1.380	1.260	1.100	0.920
Dividend Growth	2.56%	13.04%	9.52%	14.54%	19.56%	16.46%
Gross Margin	14.49%	14.33%	14.40%	14.73%	13.72%	14.04%
Operating Margin	3.46%	3.19%	5.15%	6.48%	7.68%	7.73%
Profit Margin	2.61%	2.42%	4.05%	4.98%	5.79%	5.83%
FCF Margin	-	0.00%	5.29%	6.93%	8.02%	3.88%
EBITDA	165.39	151.58	305.65	402.3	628.54	555.28
EBITDA Margin	3.46%	3.19%	6.32%	7.57%	8.45%	8.49%
EBIT	165.39	151.58	248.91	344.15	571.08	505.67
EBIT Margin	3.46%	3.19%	5.15%	6.48%	7.68%	7.73%
Effective Tax Rate	23.87%	23.62%	22.95%	24.05%	24.06%	23.95%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q