Landstar System, Inc.
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Financial Performance
Revenue
$4.744B
Market Cap
$7.2B
Net Income
$115M
Employees
1,450
Landstar System is navigating a brutal, fragmented freight recession by heavily leveraging its unique, asset-light agency model. Under CEO Frank Lonegro, the logistics provider generated exactly $6.5 billion in revenue and maintains a $7.2 billion market cap with just exactly 1450 corporate employees. The financial narrative in 2026 is defined by extreme variable cost flexibility; unlike asset-heavy trucking fleets that suffer catastrophic margin collapse when spot rates plummet, Landstar extracts stable profitability by strictly utilizing networks of independent owner-operators and capacity agents.
Revenue Trend Analysis
YoY Change
-1.6%
2-Year CAGR
-5.4%
Peak Year
2023
Trend
Declining Trend
Landstar System, Inc. has reported revenue across 3 fiscal years, compounding at -5.4% annually over 2 years. The most recent year saw a 1.6% decline versus the prior year. Revenue peaked in 2023 at $5.3B. Out of 2 reported periods, 0 showed growth and 2 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $4.7B | $115M | -1.6% |
| FY2024 | $4.8B | $196M | -9.1% |
| FY2023 | $5.3B | $264M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Landstar System, Inc. reported approximately $6.5B in fiscal year 2025 with a team of 1,450 employees worldwide.
Landstar System, Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Asset-Light Transportation and Logistics is driven by steady cash generation and pricing power, enabling Landstar System, Inc. to reinvest in high-return strategic initiatives.
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CorpDigest. "Landstar System, Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/landstar/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Landstar System, Inc. reported $5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/landstar/financials" target="_blank" rel="noopener">CorpDigest — Landstar System, Inc. financials</a></div>