Landstar's revenue has rebounded to roughly $1.5B in 2026Q3 with 25.4% year-over-year growth, but gross margin of 13.4% and operating margin of 4.2% suggest that purchased transportation absorbs most gross profit and limits operating leverage.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue recovered to roughly $1.5B in 2026Q3 with 25.4% year-over-year growth, yet net margin of 3.2% and EPS of $1.42 indicate that the earnings rebound remains highly sensitive to a thin operating margin of 4.2%.
Landstar System Inc. has a narrow moat, indicating a competitive advantage that supports long-term profitability.
Top holder Vanguard Group owns 10.5% of LSTR, signaling confidence from major investors.
Landstar's transportation services are certified to ISO 9001:2015 and RC14001:2015 standards, ensuring high operational standards.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $1.42-15.0% vs $1.67 | $1.5B+0.6% vs $1.5B |
Q3 2026 Jul 28, 2026 | $1.44-3.4% vs $1.49 | $1.4B+6.9% vs $1.3B |
Q2 2026 Apr 28, 2026 | $1.16+4.5% vs $1.11 | $1.2B+1.2% vs $1.2B |
Q1 2026 Jan 28, 2026 | $0.70-41.2% vs $1.19 | $1.2B-1.3% vs $1.2B |
Landstar missed on earnings in Q3 -- but still more than doubled its profits. The problem is that investors were expecting this, and have bid Landstar stock up past what it's worth.
Landstar System, Inc. ( LSTR ) Q3 2026 Earnings Call October 27, 2026 4:30 PM EDT Company Participants James Todd - VP, Principal Accounting Officer & CFO Frank Lonegro - President, CEO & Director Matthew Miller - VP and Chief Safety & Operations Officer William Clement - Vice President & Chief Commercial Officer James Applegate - Chief Strategy & Transformation Officer Conference Call Participants Jonathan Chappell - Evercore ISI Institutional Equities, Research Division Christian Wetherbee - Wells Fargo Securities, LLC, Research Division Jason Seidl - TD Cowen, Research Division Scott Group - Wolfe Research, LLC Thomas Wadewitz - UBS Investment Bank, Research Division Paul Stoddard - Goldman Sachs Group, Inc., Research Division Brian Ossenbeck - JPMorgan Chase & Co, Research Division Brandon Oglenski - Barclays Bank PLC, Research Division Madison Pasterchick - Morgan Stanley, Research Division Bascome Majors - Stephens Inc., Research Division J. Bruce Chan - Stifel, Nicolaus & Company, Incorporated, Research Division Stephanie Benjamin Moore - Jefferies LLC, Research Division Presentation Operator Good afternoon, and welcome to Landstar Inc.'s Third Quarter Earnings Release Conference Call.
While the top- and bottom-line numbers for Landstar (LSTR) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Landstar System NASDAQ: LSTR reported an 18% year-over-year increase in second-quarter 2026 revenue as truck pricing strengthened and demand modestly exceeded typical seasonal patterns, though higher insurance and claims costs weighed on operating results.
Benchmark LSTR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Landstar System, Inc. (LSTR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $143.34 | $4.86B | 30.27 | -1.87% | 3.03% | 19.67% | 2.51% | |
| $125.33 | $14.77B | 22.25 | -8.42% | 3.67% | 39.59% | 1.98% | |
| $16.64 | $526.24M | -1.89 | 0.84% | -11.37% | -320.56% | — | |
| $24.22 | $1.47B | 13.91 | -6.1% | 2.82% | 6.11% | 2.04% | |
| $176.95 | $20.78B | 41.51 | 1.05% | 5.69% | 26.31% | — | |
| $164.92 | $34.3B | 29.54 | -5.48% | 20.08% | 25.92% | 0.68% |
Landstar System, Inc. (LSTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Landstar System, Inc. (LSTR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Jul 28, 2026·SEC
Jul 23, 2026·SEC
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Landstar System, Inc. (LSTR) stock FAQ — growth, dividends, profitability & financials explained
Landstar System, Inc. (LSTR) reported $5.29B in revenue over the trailing twelve months. Revenue was $4.74B in fiscal year 2025. That is 270% more than the $1.28B of fiscal year 1996.
Landstar System, Inc. (LSTR) grew revenue by 10.4% over the trailing twelve months, compared with the twelve months before.
Yes. Landstar System, Inc. (LSTR) earned $160.4M in net income over the trailing twelve months (a 3.0% net margin).
Yes. Landstar System, Inc. (LSTR) pays a dividend that yields 2.51% at the current price, a moderate yield.
Landstar System, Inc. (LSTR) had a return on equity (ROE) of 19.7% over the trailing twelve months. That is above the market's typical 10-15%.
Landstar System, Inc. (LSTR) generated $157.6M in free cash flow over the trailing twelve months.
