Landstar System Inc - Understand $lstr stock

$LSTR Market Cap: $6.618 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.821B

TTM

Gross Margin

14.67%

TTM

Net Earnings

$207.7M

TTM

Current Assets

$1.311B

Q3 2024

Current Liabilities

$592.7M

Q3 2024

Current Ratio

221.28%

Q3 2024

Total Assets

$1.757B

Q3 2024

Total Liabilities

$741.3M

Q3 2024

Book Value

$1.016B

Q3 2024

Cash

$468.8M

Q3 2024

P/E

31.86

Nov 29, 2024 EST

Free Cash Flow

$280.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Revenue	$5.313B	$7.437B	$6.540B	$4.136B	$4.090B	$4.615B	$3.646B	$3.168B	$3.321B	$3.185B	$2.665B	$2.771B	$2.628B	$2.400B	$2.010B	$2.646B	$2.493B	$2.518B	$2.521B	$2.021B	$1.598B	$1.509B	$1.396B	$1.423B	$1.391B	$1.285B	$1.219B	$1.130B	$1.205B	$984.4M	$780.5M	$672.5M	$453.6M	$140.8M	$607.6M
YoY Change	-28.55%	13.7%	58.12%	1.14%	-11.39%	26.57%	15.11%	-4.62%	4.28%	19.51%	-3.83%	5.42%	9.51%	19.41%	-24.04%	6.17%	-1.01%	-0.1%	24.7%	26.51%	5.92%	8.04%	-1.86%	2.32%	8.19%	5.41%	7.91%	-6.21%	22.38%	26.12%	16.06%	48.26%	222.16%	-76.83%	0.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Revenue	$5.313B	$7.437B	$6.540B	$4.136B	$4.090B	$4.615B	$3.646B	$3.168B	$3.321B	$3.185B	$2.665B	$2.771B	$2.628B	$2.400B	$2.010B	$2.646B	$2.493B	$2.518B	$2.521B	$2.021B	$1.598B	$1.509B	$1.396B	$1.423B	$1.391B	$1.285B	$1.219B	$1.130B	$1.205B	$984.4M	$780.5M	$672.5M	$453.6M	$140.8M	$607.6M
Cost Of Revenue	$4.531B	$6.419B	$5.622B	$3.534B	$3.470B	$3.948B	$3.103B	$2.680B	$2.822B	$2.712B	$2.258B	$2.348B	$2.218B	$2.006B	$1.664B	$2.236B	$2.085B	$2.091B	$2.084B	$1.672B	$1.311B	$1.235B	$1.141B	$1.160B	$1.134B	$1.052B	$997.2M	$911.6M	$1.003B	$745.0M	$592.9M	$516.7M	$351.5M	$110.4M	$465.7M
Gross Profit	$782.5M	$1.021B	$918.5M	$602.8M	$619.9M	$671.0M	$546.3M	$489.3M	$500.9M	$474.2M	$408.0M	$423.9M	$412.5M	$396.0M	$346.0M	$410.0M	$407.8M	$427.5M	$436.4M	$349.3M	$286.8M	$273.6M	$255.4M	$262.9M	$256.7M	$233.5M	$222.1M	$218.3M	$201.9M	$239.4M	$187.7M	$155.8M	$102.1M	$30.40M	$142.0M
Gross Profit Margin	14.73%	13.73%	14.04%	14.57%	15.16%	14.54%	14.98%	15.45%	15.08%	14.89%	15.31%	15.3%	15.69%	16.5%	17.21%	15.49%	16.36%	16.98%	17.31%	17.28%	17.95%	18.14%	18.29%	18.48%	18.46%	18.17%	18.22%	19.32%	16.76%	24.32%	24.05%	23.17%	22.51%	21.59%	23.37%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Selling, General & Admin	$326.0M	$221.3M	$326.7M	$242.8M	$239.3M	$188.2M	$170.6M	$143.2M	$149.7M	$150.3M	$131.7M	$138.1M	$136.8M	$153.1M	$179.5M	$174.1M	$175.0M	$173.8M	$190.5M	$184.7M	$151.5M	$144.1M	$132.7M	$132.5M	$133.3M	$134.4M	$128.5M	$108.8M	$131.0M	$180.1M	$144.7M	$121.0M	$80.20M	$26.90M	$114.6M
YoY Change	47.34%	-32.28%	34.57%	1.46%	27.14%	10.33%	19.09%	-4.32%	-0.36%	14.08%	-4.62%	0.92%	-10.61%	-14.72%	3.1%	-0.51%	0.69%	-8.77%	3.14%	21.91%	5.14%	8.59%	0.15%	-0.6%	-0.82%	4.59%	18.11%	-16.95%	-27.26%	24.46%	19.59%	50.87%	198.14%	-76.53%	0.0%
% of Gross Profit	41.66%	21.68%	35.57%	40.28%	38.6%	28.05%	31.23%	29.27%	29.89%	31.68%	32.28%	32.58%	33.17%	38.66%	51.88%	42.46%	42.91%	40.65%	43.65%	52.88%	52.82%	52.67%	51.96%	50.4%	51.93%	57.56%	57.86%	49.84%	64.88%	75.23%	77.09%	77.66%	78.55%	88.49%	80.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$58.15M	$57.45M	$49.61M	$45.90M	$44.50M	$43.60M	$40.60M	$35.80M	$29.10M	$27.60M	$27.70M	$25.20M	$23.90M	$24.80M	$23.50M	$21.00M	$19.10M	$16.80M	$15.90M	$14.00M	$12.70M	$11.50M	$13.50M	$13.00M	$11.70M	$10.20M	$11.30M	$13.80M	$20.80M	$13.50M	$12.80M	$11.80M	$8.200M	$2.200M	$12.60M
YoY Change	1.22%	15.81%	8.08%	3.15%	2.06%	7.39%	13.41%	23.02%	5.43%	-0.36%	9.92%	5.44%	-3.63%	5.53%	11.9%	9.95%	13.69%	5.66%	13.57%	10.24%	10.43%	-14.81%	3.85%	11.11%	14.71%	-9.73%	-18.12%	-33.65%	54.07%	5.47%	8.47%	43.9%	272.73%	-82.54%	0.0%
% of Gross Profit	7.43%	5.63%	5.4%	7.61%	7.18%	6.5%	7.43%	7.32%	5.81%	5.82%	6.79%	5.94%	5.79%	6.26%	6.79%	5.12%	4.68%	3.93%	3.64%	4.01%	4.43%	4.2%	5.29%	4.94%	4.56%	4.37%	5.09%	6.32%	10.3%	5.64%	6.82%	7.57%	8.03%	7.24%	8.87%
Operating Expenses	$438.4M	$221.3M	$412.9M	$319.1M	$321.0M	$188.2M	$170.6M	$143.2M	$149.7M	$150.3M	$131.7M	$138.1M	$136.8M	$153.1M	$232.2M	$223.2M	$223.1M	$236.3M	$243.1M	$235.8M	$202.0M	$189.9M	$179.0M	$175.0M	$175.0M	$172.0M	$172.6M	$174.0M	$151.9M	$193.6M	$157.4M	$132.9M	$88.40M	$29.10M	$127.1M
YoY Change	98.11%	-46.41%	29.39%	-0.59%	70.55%	10.33%	19.09%	-4.32%	-0.36%	14.08%	-4.62%	0.92%	-10.61%	-34.07%	4.03%	0.04%	-5.59%	-2.8%	3.1%	16.73%	6.37%	6.09%	2.29%	0.0%	1.74%	-0.35%	-0.8%	14.55%	-21.54%	23.0%	18.43%	50.34%	203.78%	-77.1%	0.0%
Operating Profit	$344.1M	$571.1M	$505.7M	$283.7M	$298.9M	$331.7M	$244.0M	$223.3M	$241.7M	$224.4M	$176.6M	$200.7M	$180.8M	$140.0M	$113.8M	$186.8M	$184.7M	$191.2M	$193.3M	$113.5M	$84.80M	$83.70M	$76.40M	$87.90M	$81.70M	$61.50M	$49.50M	$44.30M	$50.00M	$45.80M	$30.30M	$22.90M	$13.70M	$1.300M	$14.90M
YoY Change	-39.74%	12.94%	78.24%	-5.09%	-9.9%	35.97%	9.28%	-7.64%	7.73%	27.06%	-12.03%	11.01%	29.19%	23.0%	-39.08%	1.14%	-3.4%	-1.09%	70.31%	33.84%	1.31%	9.55%	-13.08%	7.59%	32.85%	24.24%	11.74%	-11.4%	9.17%	51.16%	32.31%	67.15%	953.85%	-91.28%	0.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Interest Expense	$3.946M	-$3.620M	-$3.976M	-$4.000M	-$3.100M	-$3.400M	-$3.200M	-$3.800M	-$2.900M	-$3.200M	-$3.200M	-$3.100M	-$3.100M	-$3.600M	-$4.000M	-$7.400M	-$6.700M	-$6.800M	-$4.700M	-$3.000M	-$3.200M	-$4.300M	-$6.800M	-$9.100M	-$4.500M	-$3.500M	-$2.700M	-$5.000M	-$7.600M	-$4.100M	-$5.700M	-$9.700M	-$7.700M	-$2.800M	-$13.50M
YoY Change	-209.01%	-8.95%	-0.6%	29.03%	-8.82%	6.25%	-15.79%	31.03%	-9.38%	0.0%	3.23%	0.0%	-13.89%	-10.0%	-45.95%	10.45%	-1.47%	44.68%	56.67%	-6.25%	-25.58%	-36.76%	-25.27%	102.22%	28.57%	29.63%	-46.0%	-34.21%	85.37%	-28.07%	-41.24%	25.97%	175.0%	-79.26%	0.0%
% of Operating Profit	1.15%	-0.63%	-0.79%	-1.41%	-1.04%	-1.02%	-1.31%	-1.7%	-1.2%	-1.43%	-1.81%	-1.54%	-1.71%	-2.57%	-3.51%	-3.96%	-3.63%	-3.56%	-2.43%	-2.64%	-3.77%	-5.14%	-8.9%	-10.35%	-5.51%	-5.69%	-5.45%	-11.29%	-15.2%	-8.95%	-18.81%	-42.36%	-56.2%	-215.38%	-90.6%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Pretax Income	$348.1M	$567.5M	$501.7M	$249.0M	$295.8M	$328.4M	$240.8M	$219.5M	$238.8M	$221.2M	$173.4M	$197.6M	$177.7M	$136.3M	$109.7M	$179.5M	$178.0M	$184.4M	$188.5M	$110.5M	$81.60M	$79.40M	$69.60M	$73.50M	$77.20M	$58.00M	$43.60M	$33.30M	$42.50M	$41.60M	$24.50M	$13.20M	$6.000M	-$1.600M	$1.300M
YoY Change	-38.66%	13.11%	101.48%	-15.82%	-9.92%	36.37%	9.73%	-8.08%	7.94%	27.58%	-12.27%	11.2%	30.34%	24.29%	-38.89%	0.84%	-3.47%	-2.18%	70.59%	35.42%	2.77%	14.08%	-5.31%	-4.79%	33.1%	33.03%	30.93%	-21.65%	2.16%	69.8%	85.61%	120.0%	-475.0%	-223.08%	0.0%
Income Tax	$83.70M	$136.5M	$120.2M	$56.90M	$68.10M	$73.17M	$63.81M	$82.11M	$91.07M	$82.39M	$64.46M	$71.06M	$66.18M	$49.77M	$39.80M	$68.60M	$68.40M	$71.30M	$72.90M	$42.70M	$30.90M	$30.20M	$26.80M	$28.30M	$31.30M	$23.50M	$18.20M	$13.70M	$17.50M	$17.20M	$11.00M	$6.800M	$3.800M	$300.0K	$1.700M
% Of Pretax Income	24.05%	24.06%	23.95%	22.85%	23.02%	22.28%	26.5%	37.41%	38.14%	37.25%	37.18%	35.96%	37.24%	36.5%	36.28%	38.22%	38.43%	38.67%	38.67%	38.64%	37.87%	38.04%	38.51%	38.5%	40.54%	40.52%	41.74%	41.14%	41.18%	41.35%	44.9%	51.52%	63.33%		130.77%
Net Earnings	$264.4M	$430.9M	$381.5M	$192.1M	$227.7M	$255.3M	$177.1M	$137.4M	$147.7M	$138.8M	$146.0M	$129.8M	$113.0M	$87.51M	$70.40M	$110.9M	$109.7M	$113.1M	$115.6M	$67.80M	$50.70M	$49.20M	$42.80M	$45.20M	$45.90M	$11.90M	$24.70M	$18.90M	$25.00M	$24.40M	$11.70M	$6.400M	$2.200M	-$1.900M	-$400.0K
YoY Change	-38.64%	12.95%	98.61%	-15.63%	-10.8%	44.15%	28.93%	-7.0%	6.4%	-4.93%	12.5%	14.84%	29.13%	24.31%	-36.52%	1.09%	-3.01%	-2.16%	70.5%	33.73%	3.05%	14.95%	-5.31%	-1.53%	285.71%	-51.82%	30.69%	-24.4%	2.46%	108.55%	82.81%	190.91%	-215.79%	375.0%	0.0%
Net Earnings / Revenue	4.98%	5.79%	5.83%	4.64%	5.57%	5.53%	4.86%	4.34%	4.45%	4.36%	5.48%	4.68%	4.3%	3.65%	3.5%	4.19%	4.4%	4.49%	4.59%	3.35%	3.17%	3.26%	3.07%	3.18%	3.3%	0.93%	2.03%	1.67%	2.08%	2.48%	1.5%	0.95%	0.49%	-1.35%	-0.07%
Basic Earnings Per Share	$7.36	$11.76	$9.98			$6.19	$4.22	$3.26	$3.38	$3.09	$3.17	$2.78	$2.38	$1.77
Diluted Earnings Per Share	$7.36	$11.76	$9.978M	$4.977M	$5.721M	$6.18	$4.21	$3.25	$3.37	$3.07	$3.16	$2.77	$2.38	$1.77	$1.372M	$2.096M	$1.987M	$1.927M	$1.914M	$1.097M	$794.7K	$733.2K	$625.7K	$629.5K	$568.1K	$133.7K	$245.5K	$184.2K	$242.2K	$237.4K	$123.2K	$81.63K	$28.17K	-$24.33K	-$5.122K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Cash & Short-Term Investments	$540.7M	$393.5M	$251.3M	$290.7M	$352.4M	$239.8M	$291.3M	$245.5M	$163.3M	$201.0M	$215.2M	$109.8M	$108.8M	$68.00M	$110.0M	$122.4M	$83.70M	$113.0M	$50.10M	$83.60M	$73.50M	$68.60M	$50.90M	$34.40M	$24.70M	$26.70M	$21.00M	$4.200M	$3.400M	$17.80M	$15.10M	$12.30M	$5.600M
YoY Change	37.4%	56.6%	-13.55%	-17.51%	46.96%	-17.68%	18.66%	50.34%	-18.76%	-6.6%	95.99%	0.92%	60.0%	-38.18%	-10.13%	46.24%	-25.93%	125.55%	-40.07%	13.74%	7.14%	34.77%	47.97%	39.27%	-7.49%	27.14%	400.0%	23.53%	-80.9%	17.88%	22.76%	119.64%
Cash & Equivalents	$481.0M	$339.6M	$215.5M	$249.4M	$319.5M	$199.7M	$242.4M	$178.9M	$114.5M	$163.9M	$180.3M	$74.30M	$80.90M	$44.70M	$85.70M	$98.90M	$60.80M	$91.50M	$29.40M	$61.70M	$42.60M	$65.40M	$47.90M	$32.90M	$23.70M	$26.70M	$18.00M	$4.200M	$3.400M	$17.80M	$15.10M	$12.30M	$5.600M
Short-Term Investments	$59.66M	$53.96M	$35.78M	$41.40M	$32.90M	$40.10M	$48.90M	$66.60M	$48.80M	$37.00M	$34.90M	$35.50M	$27.90M	$23.30M	$24.30M	$23.50M	$22.90M	$21.50M	$20.70M	$21.90M	$30.90M	$3.100M	$3.000M	$1.500M	$1.000M	$0.00	$3.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Other Short-Term Assets	$24.94M	$21.83M	$16.16M	$18.50M	$21.40M	$16.30M	$14.40M	$10.30M	$11.60M	$23.60M	$14.60M	$18.10M	$21.30M	$21.70M	$19.60M	$27.90M	$28.60M	$25.10M	$21.10M	$13.50M	$14.90M	$3.300M	$4.000M	$6.100M	$6.200M	$5.400M	$6.900M	$7.300M	$8.500M	$7.300M	$5.200M	$4.700M	$8.000M
YoY Change	14.25%	35.05%	-12.64%	-13.55%	31.29%	13.19%	39.81%	-11.21%	-50.85%	61.64%	-19.34%	-15.02%	-1.84%	10.71%	-29.75%	-2.45%	13.94%	18.96%	56.3%	-9.4%	351.52%	-17.5%	-34.43%	-1.61%	14.81%	-21.74%	-5.48%	-14.12%	16.44%	40.38%	10.64%	-41.25%
Inventory																											$900.0K	$1.800M	$2.300M	$1.300M	$1.300M	$1.100M	$1.200M
Prepaid Expenses
Receivables	$743.8M	$967.8M	$1.154B	$764.2M	$588.5M	$691.6M	$631.2M	$463.1M	$462.7M	$492.6M	$378.7M	$408.8M	$368.4M	$307.4M	$278.9M	$315.1M	$310.3M	$319.0M	$534.3M	$338.8M	$219.0M	$190.1M	$185.2M	$195.4M	$207.0M	$172.5M	$176.8M	$176.9M	$151.0M	$120.7M	$93.10M	$73.50M	$59.30M
Other Receivables	$43.34M	$56.24M	$101.1M	$134.7M	$35.60M	$23.70M	$24.30M	$18.60M	$18.50M	$15.20M	$73.90M	$55.30M	$53.20M	$23.90M	$18.10M	$10.00M	$11.10M	$14.20M	$11.40M	$13.90M	$13.20M	$12.60M	$13.80M	$13.10M	$14.30M	$14.00M	$12.60M	$10.70M	$13.40M	$7.700M	$9.700M	$7.100M	$7.700M
Total Short-Term Assets	$1.353B	$1.439B	$1.523B	$1.208B	$997.9M	$971.4M	$961.2M	$737.4M	$656.1M	$732.3M	$682.5M	$591.9M	$551.8M	$420.9M	$426.6M	$475.4M	$433.7M	$471.4M	$616.9M	$449.8M	$320.7M	$274.6M	$253.9M	$249.0M	$252.3M	$218.6M	$218.2M	$200.9M	$178.6M	$154.7M	$124.4M	$98.80M	$81.80M
YoY Change	-6.02%	-5.48%	26.05%	21.07%	2.73%	1.06%	30.35%	12.39%	-10.41%	7.3%	15.31%	7.27%	31.1%	-1.34%	-10.27%	9.61%	-8.0%	-23.59%	37.15%	40.26%	16.79%	8.15%	1.97%	-1.31%	15.42%	0.18%	8.61%	12.49%	15.45%	24.36%	25.91%	20.78%
Property, Plant & Equipment	$284.3M	$317.0M	$319.4M	$299.6M	$288.6M	$284.0M	$276.0M	$272.8M	$225.9M	$202.2M	$177.3M	$159.0M	$142.1M	$132.6M	$116.7M	$124.2M	$132.4M	$111.0M	$89.10M	$76.80M	$67.60M	$76.80M	$68.50M	$76.00M	$63.80M	$47.00M	$81.30M	$105.6M	$108.1M	$74.10M	$57.30M	$44.00M	$41.20M
YoY Change	-10.33%	-0.75%	6.62%	3.81%	1.62%	2.9%	1.17%	20.76%	11.72%	14.04%	11.51%	11.89%	7.16%	13.62%	-6.04%	-6.19%	19.28%	24.58%	16.02%	13.61%	-11.98%	12.12%	-9.87%	19.12%	35.74%	-42.19%	-23.01%	-2.31%	45.88%	29.32%	30.23%	6.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$122.5M	$134.2M	$162.4M	$105.1M	$102.7M	$86.90M	$76.20M	$55.20M	$78.30M	$78.50M	$79.80M	$71.10M	$57.00M	$72.80M	$48.10M	$32.80M	$31.80M	$33.20M	$28.70M	$26.70M	$19.00M	$18.20M	$11.10M	$12.80M	$15.70M	$13.20M	$4.400M	$9.200M	$9.400M	$5.800M	$4.300M	$4.000M	$2.100M
YoY Change	-8.72%	-17.32%	54.48%	2.34%	18.18%	14.04%	38.04%	-29.5%	-0.25%	-1.63%	12.24%	24.74%	-21.7%	51.35%	46.65%	3.14%	-4.22%	15.68%	7.49%	40.53%	4.4%	63.96%	-13.28%	-18.47%	18.94%	200.0%	-52.17%	-2.13%	62.07%	34.88%	7.5%	90.48%
Total Long-Term Assets	$449.1M	$492.5M	$522.6M	$445.6M	$429.8M	$409.2M	$391.3M	$359.2M	$335.4M	$311.9M	$288.2M	$287.5M	$256.6M	$263.0M	$222.2M	$188.1M	$195.3M	$175.3M	$148.9M	$134.7M	$117.8M	$126.1M	$110.8M	$121.4M	$113.1M	$95.10M	$139.0M	$169.9M	$174.5M	$112.4M	$95.00M	$82.30M	$83.40M
YoY Change	-8.81%	-5.76%	17.27%	3.68%	5.03%	4.57%	8.94%	7.1%	7.53%	8.22%	0.24%	12.04%	-2.43%	18.36%	18.13%	-3.69%	11.41%	17.73%	10.54%	14.35%	-6.58%	13.81%	-8.73%	7.34%	18.93%	-31.58%	-18.19%	-2.64%	55.25%	18.32%	15.43%	-1.32%
Total Assets	$1.802B	$1.932B	$2.045B	$1.654B	$1.428B	$1.381B	$1.353B	$1.097B	$991.5M	$1.044B	$970.7M	$879.4M	$808.4M	$683.9M	$648.8M	$663.5M	$629.0M	$646.7M	$765.8M	$584.5M	$438.5M	$400.7M	$364.7M	$370.4M	$365.4M	$313.7M	$357.2M	$370.8M	$353.1M	$267.1M	$219.4M	$181.1M	$165.2M
YoY Change
Accounts Payable	$396.0M	$527.4M	$604.1M	$380.5M	$272.0M	$314.1M	$285.1M	$219.4M	$223.7M	$220.1M	$157.8M	$189.0M	$163.3M	$137.3M	$121.0M	$105.9M	$117.1M	$122.3M	$164.5M	$120.2M	$71.70M	$60.30M	$55.80M	$63.00M	$67.30M	$50.60M	$50.40M	$39.90M	$37.40M	$27.70M	$22.00M	$17.80M	$11.50M
YoY Change	-24.91%	-12.71%	58.77%	39.89%	-13.4%	10.17%	29.95%	-1.92%	1.64%	39.48%	-16.51%	15.74%	18.94%	13.47%	14.26%	-9.56%	-4.25%	-25.65%	36.86%	67.64%	18.91%	8.06%	-11.43%	-6.39%	33.0%	0.4%	26.32%	6.68%	35.02%	25.91%	23.6%	54.78%
Accrued Expenses	$832.0K	$782.0K	$747.0K	$700.0K	$10.60M	$29.50M	$30.10M												$20.30M	$14.60M	$6.900M		$2.100M	$8.300M	$12.10M	$9.900M	$5.400M	$0.00	$2.800M	$15.20M	$6.800M	$9.700M	$4.400M
YoY Change	6.39%	4.69%	6.71%	-93.4%	-64.07%	-1.99%													39.04%	111.59%			-74.7%	-31.4%	22.22%	83.33%		-100.0%	-81.58%	123.53%	-29.9%	120.45%
Deferred Revenue
YoY Change
Short-Term Debt	$61.54M	$92.95M	$116.5M	$74.70M	$53.90M	$55.30M	$42.20M	$36.30M	$35.60M	$34.60M	$27.80M	$33.60M	$25.90M	$24.90M	$28.90M	$32.10M	$25.80M	$25.40M	$29.80M	$23.50M	$20.50M	$16.50M	$13.00M	$17.50M	$19.50M	$14.70M	$12.50M	$13.50M	$13.40M	$5.900M	$5.600M	$5.500M	$6.600M
YoY Change	-33.79%	-20.2%	55.93%	38.59%	-2.53%	31.04%	16.25%	1.97%	2.89%	24.46%	-17.26%	29.73%	4.02%	-13.84%	-9.97%	24.42%	1.57%	-14.77%	26.81%	14.63%	24.24%	26.92%	-25.71%	-10.26%	32.65%	17.6%	-7.41%	0.75%	127.12%	5.36%	1.82%	-16.67%
Long-Term Debt Due	$27.88M	$36.18M	$36.56M	$35.40M	$42.60M	$43.60M	$42.10M	$45.00M	$42.50M	$35.10M	$27.60M	$19.00M	$17.20M	$22.20M	$24.60M	$24.70M	$23.20M	$18.70M	$12.10M	$8.800M	$9.400M	$12.10M	$10.00M	$9.800M	$6.800M	$4.700M	$14.20M	$23.20M	$20.70M	$13.20M	$11.60M	$10.80M	$9.000M
YoY Change	-22.94%	-1.06%	3.28%	-16.9%	-2.29%	3.56%	-6.44%	5.88%	21.08%	27.17%	45.26%	10.47%	-22.52%	-9.76%	-0.4%	6.47%	24.06%	54.55%	37.5%	-6.38%	-22.31%	21.0%	2.04%	44.12%	44.68%	-66.9%	-38.79%	12.08%	56.82%	13.79%	7.41%	20.0%
Total Short-Term Liabilities	$675.2M	$878.1M	$1.010B	$806.1M	$552.9M	$535.8M	$548.6M	$380.3M	$369.5M	$410.5M	$375.7M	$344.3M	$331.1M	$278.3M	$258.6M	$236.6M	$249.6M	$250.2M	$299.5M	$240.1M	$173.2M	$154.0M	$132.1M	$154.3M	$170.7M	$142.9M	$139.2M	$130.3M	$127.2M	$112.8M	$87.40M	$79.40M	$66.70M
YoY Change	-23.11%	-13.05%	25.29%	45.79%	3.19%	-2.33%	44.25%	2.92%	-9.99%	9.26%	9.12%	3.99%	18.97%	7.62%	9.3%	-5.21%	-0.24%	-16.46%	24.74%	38.63%	12.47%	16.58%	-14.39%	-9.61%	19.45%	2.66%	6.83%	2.44%	12.77%	29.06%	10.08%	19.04%
Long-Term Debt	$43.26M	$67.23M	$75.24M	$65.40M	$70.20M	$84.90M	$83.10M	$93.30M	$81.80M	$76.30M	$73.90M	$95.10M	$115.1M	$99.40M	$68.30M	$111.8M	$141.6M	$110.6M	$154.9M	$83.30M	$82.00M	$65.20M	$91.90M	$84.90M	$60.50M	$29.70M	$36.20M	$67.20M	$73.20M	$30.50M	$36.40M	$57.50M	$58.10M
YoY Change	-35.64%	-10.66%	15.05%	-6.84%	-17.31%	2.17%	-10.93%	14.06%	7.21%	3.25%	-22.29%	-17.38%	15.79%	45.53%	-38.91%	-21.05%	28.03%	-28.6%	85.95%	1.59%	25.77%	-29.05%	8.24%	40.33%	103.7%	-17.96%	-46.13%	-8.2%	140.0%	-16.21%	-36.7%	-1.03%
Other Long-Term Liabilities	$58.92M	$59.53M	$50.81M	$40.70M	$35.60M	$30.40M	$30.10M	$26.90M	$21.50M	$21.80M	$24.20M	$21.90M	$27.50M	$31.50M	$30.70M	$38.30M	$37.60M	$36.20M	$37.80M	$32.40M	$27.30M	$25.30M	$21.60M	$23.30M	$27.40M	$29.20M	$27.90M	$25.80M	$24.00M	$18.30M	$14.30M	$10.30M	$12.60M
YoY Change	-1.02%	17.16%	24.85%	14.33%	17.11%	1.0%	11.9%	25.12%	-1.38%	-9.92%	10.5%	-20.36%	-12.7%	2.61%	-19.84%	1.86%	3.87%	-4.23%	16.67%	18.68%	7.91%	17.13%	-7.3%	-14.96%	-6.16%	4.66%	8.14%	7.5%	31.15%	27.97%	38.83%	-18.25%
Total Long-Term Liabilities	$102.2M	$126.8M	$126.1M	$106.1M	$105.8M	$115.3M	$113.2M	$120.2M	$103.3M	$98.10M	$98.10M	$117.0M	$142.6M	$130.9M	$99.00M	$150.1M	$179.2M	$146.8M	$192.7M	$115.7M	$109.3M	$90.50M	$113.5M	$108.2M	$87.90M	$58.90M	$64.10M	$93.00M	$97.20M	$48.80M	$50.70M	$67.80M	$70.70M
YoY Change	-19.38%	0.55%	18.81%	0.28%	-8.24%	1.86%	-5.82%	16.36%	5.3%	0.0%	-16.15%	-17.95%	8.94%	32.22%	-34.04%	-16.24%	22.07%	-23.82%	66.55%	5.86%	20.77%	-20.26%	4.9%	23.09%	49.24%	-8.11%	-31.08%	-4.32%	99.18%	-3.75%	-25.22%	-4.1%
Total Liabilities	$817.9M	$1.045B	$1.183B	$962.0M	$706.2M	$693.7M	$701.8M	$554.0M	$525.3M	$556.0M	$516.2M	$500.0M	$507.9M	$432.1M	$380.8M	$410.4M	$448.2M	$416.4M	$510.1M	$371.7M	$295.9M	$251.7M	$247.2M	$262.5M	$258.6M	$201.8M	$205.5M	$223.2M	$224.7M	$161.9M	$138.7M	$151.2M	$141.5M
YoY Change	-21.7%	-11.73%	23.02%	36.22%	1.8%	-1.15%	26.68%	5.46%	-5.52%	7.71%	3.24%	-1.56%	17.54%	13.47%	-7.21%	-8.43%	7.64%	-18.37%	37.23%	25.62%	17.56%	1.82%	-5.83%	1.51%	28.15%	-1.8%	-7.93%	-0.67%	38.79%	16.73%	-8.27%	6.86%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	35.92M	36.63M	38.24M		41.27M	41.94M	42.11M	43.66M shares	44.96M shares	46.04M shares	46.70M shares	47.44M shares	49.52M shares
Diluted Shares Outstanding	35.92M	36.63M	38.24M	38.60M	41.31M	42.02M	42.24M	43.81M shares	45.17M shares	46.21M shares	46.88M shares	47.52M shares	49.58M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.6177 Billion

About LANDSTAR SYSTEM INC

Landstar System, Inc. engages in the provision of transportation management solutions. The company is headquartered in Jacksonville, Florida and currently employs 1,468 full-time employees. The firm operates through two segments. Transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, United States-Canada and United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. Insurance segment consists of Signature Insurance Company and Risk Management Claim Services, Inc. The insurance segment provides risk and claims management services to certain of Landstars Operating Subsidiaries.

Industry: Trucking (No Local) Peers: U-Haul Holding Co /NV/ AVIS BUDGET GROUP, INC. XPO, Inc. HERTZ GLOBAL HOLDINGS, INC HUNT J B TRANSPORT SERVICES INC Knight-Swift Transportation Holdings Inc. Lyft, Inc. SAIA INC Schneider National, Inc. Uber Technologies, Inc