Landstar System, Inc. (LSTR) — Financial statements
Income statement, balance sheet, and cash flow for Landstar System, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,744↓1.9% | 4,834↓9.0% | 5,313↓28.6% | 7,440↑13.7% | 6,540 | |
| Cost of Revenue | 4,122↑6.8% | 3,859↓7.7% | 4,183↓29.5% | 5,930↑13.6% | 5,220 | |
| Gross Profit | 622↓36.2% | 975↓13.8% | 1,131↓25.1% | 1,510↑14.4% | 1,320 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 34↓2.9% | 35 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 218↑2.8% | 212↓4.3% | 221↑0.0% | 221 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 393↓15.1% | 463↓24.8% | 615↑21.2% | 507 | |
| SG&A Expenses | 231↓62.2% | 610↓9.5% | 674↓19.3% | 836↑14.8% | 728 | |
| Other Expenses | 221↑171.1% | 82↑5.4% | 77↓24.6% | 103↑19.2% | 86 | |
| Operating Expenses | 452↓37.8% | 726↓7.7% | 787↓16.2% | 939↑15.2% | 815 | |
| Total Costs & Expenses | 4,574↓0.2% | 4,585↓7.7% | 4,969↓27.7% | 6,869↑13.8% | 6,035 | |
| Operating Results | ||||||
| Operating Income | 170↓31.7% | 249↓27.7% | 344↓39.7% | 571↑12.9% | 506 | |
| Depreciation & Amortization | 46↓18.2% | 57↓2.4% | 58↑1.2% | 57↑15.8% | 50 | |
| EBITDA | 198↓34.9% | 304↓23.6% | 398↓36.4% | 626↑13.0% | 553 | |
| EBIT | 152↓38.7% | 247↓27.2% | 340↓40.2% | 568↑12.8% | 504 | |
| Interest & Other Income | ||||||
| Net Interest Income | 13↑134.2% | 5↑37.3% | 4↑209.0% | -4↑9.0% | -4 | |
| Interest Income | 14↑152.5% | 5↑37.3% | 4 | 0.00 | 0.00 | |
| Interest Expense | 1.00 | 0.00 | 0.00↓100.0% | 4↓9.0% | 4 | |
| Non-Operating Income | 18↑1057.5% | 2↓65.1% | 5↑55.4% | 3↑60.9% | 2 | |
| Other Income / Expenses | -19↓459.5% | 5↑37.3% | 4↑209.0% | -4↑9.0% | -4 | |
| Income Before Tax | 151↓40.8% | 254↓26.9% | 348↓38.7% | 567↑13.1% | 502 | |
| Income Tax Expense | 36↓39.1% | 58↓30.3% | 84↓38.7% | 137↑13.6% | 120 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 115↓41.3% | 196↓25.9% | 264↓38.6% | 431↑12.9% | 382 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 115↓41.3% | 196↓25.9% | 264↓38.6% | 431↑12.9% | 382 | |
| Bottom-Line Net Income | 115↓41.3% | 196↓25.9% | 264↓38.6% | 431↑12.9% | 382 | |
| EPS (Basic) | 3.31↓39.9% | 5.51↓25.1% | 7.36↓38.6% | 11.99↑18.5% | 10.12 | |
| EPS (Diluted) | 3.31↓39.9% | 5.51↓25.1% | 7.36↓37.4% | 11.76↑17.8% | 9.98 | |
| Weighted Average Shares | 35↓2.3% | 36↓1.1% | 36↓0.0% | 36↓4.7% | 38 | |
| Weighted Average Diluted Shares | 35↓2.3% | 36↓1.1% | 36↓1.9% | 37↓4.2% | 38 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.