Landstar System, Inc.
Financial Performance
Landstar Revenue & Financials
Revenue
$4.7B (FY2025)
Market Cap
$5.7B
Net Income
$115M
Employees
1,450
What is Landstar's revenue?
Landstar had $4.7B in revenue for fiscal year 2025, down 1.6% from 2024. Net income was $115M.
- Latest revenue
- $4.7B (FY2025)
- Year-over-year
- -1.6%
- Growth rate (CAGR)
- 4.6% over 9 years
- Peak revenue
- $7.4B (FY2022)
- Years of data
- 10
- Employees
- 1,450
Financial Analysis
Because purchased transportation and agent commissions rise and fall with revenue, Landstar stays profitable through freight downturns, but its earnings still swing with the cycle. Revenue peaked at $7.44 billion in 2022, fell to $5.30 billion in 2023 and $4.82 billion in 2024, and slipped to $4.74 billion in 2025, when net income dropped to $115.0 million amid noncash charges tied to Landstar Metro and a supply chain fraud matter. 2026 marked a turn: Q1 revenue rose 2% to $1.171 billion with EPS of $1.16, and Q2 revenue rose 18% to $1.432 billion with net income of $49.0 million ($1.44 per share), helped by a 17% increase in truck revenue per load. Landstar System, Inc. is a massive American transportation and logistics company, maintaining a robust market valuation generally exceeding $6 billion.
Revenue Trend Analysis
YoY Change
-1.6%
9-Year CAGR
+4.6%
Peak Year
2022
Trend
Mostly Growing
Landstar System, Inc. has 10 full fiscal year figures on this page, compounding at +4.6% annually over 9 years. The most recent year saw a 1.6% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $7.4B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
Click any row to see year details.
Landstar System, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 27, 2025 | $224.9M | $9.9M | $1.6B | $795.7M | $215M | Form 10-K |
| FY2024ended Dec 28, 2024 | $286.6M | $31M | $1.8B | $972.4M | $255.6M | Form 10-K |
| FY2023ended Dec 30, 2023 | $393.6M | $25.7M | $1.8B | $983.9M | $368M | Form 10-K |
| FY2022ended Dec 31, 2022 | $622.7M | $26M | $1.9B | $887.2M | $596.7M | Form 10-K |
| FY2021ended Dec 25, 2021 | $276.7M | $23.3M | $2B | $862M | $253.5M | Form 10-K |
| FY2020ended Dec 26, 2020 | $210.7M | $30.6M | $1.7B | $691.8M | $180.1M | Form 10-K |
| FY2019ended Dec 28, 2019 | $307.8M | $19.4M | $1.4B | $721.5M | $288.4M | Form 10-K |
| FY2018ended Dec 29, 2018 | $297.9M | $9.7M | $1.4B | $686.8M | $288.2M | Form 10-K |
| FY2017ended Dec 30, 2017 | $139M | $15.6M | $1.4B | $650.7M | $123.4M | Form 10-K |
| FY2016ended Dec 31, 2016 | $190.2M | $22.6M | $1.1B | $542.6M | $167.6M | Form 10-K |
Keep researching Landstar
Landstar Revenue and Financial FAQ
What is Landstar's annual revenue?
Landstar reported $4.744 billion in FY2025 revenue, down 1.6% from $4.819 billion in FY2024, and net income of $115.0 million.
How did Landstar perform in Q2 2026?
Q2 2026 revenue rose 18% to $1.432 billion, net income rose to $49.0 million from $41.9 million, and EPS was $1.44 versus $1.20 a year earlier.
How did Landstar perform in Q1 2026?
Q1 2026 revenue rose 2% to $1.171 billion, gross profit rose 14%, and EPS was $1.16 versus $0.85, which had included a supply chain fraud charge.
What was Landstar's peak revenue?
Revenue peaked at $7.44 billion in 2022 during the post-pandemic freight boom, with net income of $430.9 million.
How does Landstar return cash to shareholders?
Landstar pays quarterly dividends, has paid special dividends, and repurchases shares. It returned about $104 million through dividends and buybacks in Q1 2026.
What is Landstar's market cap?
Landstar's market capitalization was about $5.7 billion at the end of September 2026.
Is Landstar a profitable company?
Yes, because their model completely eliminates massive capital risk. Traditional trucking companies (like Knight-Swift or Werner) spend billions buying physical trucks, so when a recession hits, they bleed cash paying for idle equipment. Because Landstar owns zero trucks, their fixed costs are incredibly low. They are a massive cash-generating machine, highly famous for paying out massive special dividends to shareholders.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Landstar 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 reported $4.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/landstar/financials" target="_blank" rel="noopener">CorpDigest — Landstar financials</a></div>Related Financial Audits
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