LSTR on Nasdaq

Landstar System

Logo: Landstar System, Public domain, via Wikimedia Commons4

American transportation services company

Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1988Founded1

Compare with Yellow Corporation, Old Dominion Freight Line or ArcBest, or pick any stock.

  • TickerLSTR on Nasdaq1
  • Industrytransport1
  • HeadquartersJacksonville1
  • Websitewww.landstar.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address13410 Sutton Park Drive South, Jacksonville, Fl 322245
  • Filer categoryLarge accelerated filer5

See how the biggest companies compare on our leaderboards

Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, and other countries around the world.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.2%Operating margin7
2.4%Net margin7
-1.6%Revenue growth, 20257
14.5%Return on equity7
0.00×Debt to equity7
$215.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Transportation Logistics brought in 99% of the revenue Landstar System broke down this way in fiscal 2025.

  1. Transportation Logistics$4.7B799%down 1% from 2024
  2. Insurance$58.6M71%down 7% from 2024
Business segments by year
Business segments202320242025
Transportation Logistics$5.2B$4.8B$4.7B
Insurance$72.5M$63.2M$58.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin5¢$230.5M
  • Other costs92¢$4.4B
  • Interest0¢$5.6M
  • Income tax1¢$35.6M
  • Profit2¢$115.0M

Out of $4.7B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending3¢$9.9M
  • Dividends paid40¢$124.8M
  • Share buybacks57¢$179.9M

Out of $224.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$4.7B in 2025+16% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $4.1B$4.1B20192020: $4.1B$4.1B2020+1%2021: $6.5B$6.5B2021+58%2022: $7.4B$7.4B2022+14%2023: $5.3B$5.3B2023−29%2024: $4.8B$4.8B2024−9%2025: $4.7B$4.7B2025−2%
Operating income8910117$151.6M in 2025−49% since 2019
0$200.0M$400.0M$600.0M2019: $298.9M$298.9M20192020: $252.9M$252.9M2020−15%2021: $505.7M$505.7M2021+100%2022: $571.1M$571.1M2022+13%2023: $344.1M$344.1M2023−40%2024: $248.9M$248.9M2024−28%2025: $151.6M$151.6M2025−39%
Net income8910117$115.0M in 2025−49% since 2019
0$200.0M$400.0M$600.0M2019: $227.7M$227.7M20192020: $192.1M$192.1M2020−16%2021: $381.5M$381.5M2021+99%2022: $430.9M$430.9M2022+13%2023: $264.4M$264.4M2023−39%2024: $195.9M$195.9M2024−26%2025: $115.0M$115.0M2025−41%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenue$4.7B$4.8B$5.3B
Investment income$13.7M$14.8M$10.1M
Purchased transportation$3.7B$3.7B$4.1B
Commissions to agents$387.4M$392.8M$462.7M
Other operating costs, net of gains on asset sales/dispositions$61.6M$58.8M$54.2M
Insurance and claims$159.4M$113.9M$114.2M
Selling, general and administrative$230.5M$217.7M$211.8M
Depreciation and amortization$46.4M$56.7M$58.2M
Impairment of intangible and other assets$32.2M$0$0
Total costs and expenses$4.6B$4.6B$5.0B
Operating income$151.6M$248.9M$344.1M
Interest and debt expense (income)$996.0K-$5.4M-$3.9M
Income before income taxes$150.6M$254.3M$348.1M
Income taxes$35.6M$58.4M$83.7M
Net income$115.0M$195.9M$264.4M
Basic earnings per share$3.31$5.51$7.36
Diluted earnings per share$3.31$5.51$7.36
Average basic shares outstanding34.7M shares35.5M shares35.9M shares
Average diluted shares outstanding34.7M shares35.5M shares35.9M shares
Dividends per common share$3.56$3.38$3.26

Compare Landstar System with another company

The story

Landstar has been in business since 1968 and was incorporated in 1991.

In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO, Inc. for $87m. Using proprietary web-based software to provide management services for customers and carriers, NLM became the largest web-based expediter in North America.

In January 2017, Landstar opened its Landstar U.S./Mexico Logistics Service Center in Laredo, Texas.

From Wikipedia’s article on Landstar System, shared under CC BY-SA 4.0.6

Leadership

Who has led Landstar System, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Henry H. Gerkens2006–2014
  2. James B. Gattoni2015–2024
  3. Frank A. Lonegro2024–now

Chair

  1. Henry H. Gerkens2010–2014

President

  1. Henry H. Gerkens2006–2013
  2. Jeffrey L. Pundt2006–2007
  3. Jim M. Handoush2006–2009
  4. Patrick J. O'Malley2008–2009
  5. James B. Gattoni2014–2024
  6. Frank A. Lonegro2024–2025
  7. Joseph J. Beacom2025–now

Chief financial officer

  1. Robert C. Larose2006–2007
  2. James B. Gattoni2007–2014
  3. L. Kevin Stout2015–2020
  4. Federico L. Pensotti2021–2022
  5. James P. Todd2022–now

Chief operating officer

  1. Ronald G. Stanley2006–2007
  2. Jim M. Handoush2010–2011
  3. Patrick J. O'Malley2010–2011
  4. Joseph J. Beacom2011–2024
19901995200020052010201520202025
Board members and other officers (31)

Products and brands

Landstar System is based in Jacksonville, Florida. The company includes over 8,800 owner-operators in the United States, Canada and Mexico. The business capacity operators (BCOs) are not forced to dispatch like traditional trucking companies. Rather, they can choose their own loads. Landstar has agents in the United States and Canada.

From Wikipedia’s article on Landstar System, shared under CC BY-SA 4.0.6

Timeline

  1. Feb 6, 2024New chief executive Frank A. Lonegro becomes CEO16
  2. Jan 29, 2015New chief executive James B. Gattoni becomes CEO17
  3. Feb 6, 2006New chief executive Henry H. Gerkens becomes CEO18
  4. 1988Founded Founded1

Recent filings

  1. Aug 13, 2026SCHEDULE 13G/A
  2. Aug 12, 20263 PRIMARY DOCUMENT
  3. Aug 4, 20264 PRIMARY DOCUMENT
  4. Aug 3, 20263 PRIMARY DOCUMENT
  5. Jul 29, 202610-Q
  6. Jul 28, 20268-K
  7. Jul 23, 20268-K
  8. Jul 6, 20268-K
  9. Jun 16, 20264 PRIMARY DOCUMENT
  10. Jun 9, 2026144
  11. Jun 8, 20264 PRIMARY DOCUMENT
  12. Jun 5, 2026144
  13. May 27, 2026144
  14. May 27, 2026144
  15. May 14, 2026SCHEDULE 13G

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61