Landstar System, Inc. (LSTR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.17B | 1.17B | 1.21B | 1.22B | 1.16B | 1.21B | 1.22B | 1.23B | 1.17B | 1.21B | 1.29B | 1.38B | 1.44B | 1.68B | 1.82B | 1.98B | 1.97B | 1.95B | 1.74B | 1.57B |
| Revenue Growth % | 1.31% | -3.19% | -1.02% | -1.1% | -1.56% | 0.45% | -5.77% | -10.73% | -18.27% | -27.94% | -28.87% | -30.33% | -27.1% | -13.87% | 4.72% | 25.72% | 53.03% | 50.01% | 59.72% | 90.63% |
| Cost of Goods Sold | 907M | 1.02B | 1.05B | 971.86M | 937.73M | 975.96M | 974.2M | 977.22M | 931.79M | 954.3M | 1.02B | 1.08B | 1.13B | 1.32B | 1.45B | 1.58B | 1.58B | 1.56B | 1.39B | 1.25B |
| COGS % of Revenue | 77.44% | 86.76% | 86.83% | 79.98% | 81.11% | 80.45% | 80% | 79.54% | 79.34% | 79.02% | 78.64% | 78.69% | 78.56% | 78.84% | 79.69% | 79.96% | 80.2% | 80.26% | 79.9% | 79.69% |
| Gross Profit | 264.29M | 155.51M | 158.73M | 243.25M | 218.37M | 237.2M | 243.59M | 251.44M | 242.67M | 253.41M | 276.08M | 293.36M | 308.1M | 354.66M | 369.08M | 395.91M | 390.22M | 384M | 348.76M | 319.1M |
| Gross Margin % | 22.56% | 13.24% | 13.17% | 20.02% | 18.89% | 19.55% | 20% | 20.46% | 20.66% | 20.98% | 21.36% | 21.31% | 21.44% | 21.16% | 20.31% | 20.04% | 19.79% | 19.74% | 20.1% | 20.31% |
| Gross Profit Growth % | 21.03% | -34.44% | -34.84% | -3.26% | -10.01% | -6.4% | -11.77% | -14.29% | -21.24% | -28.55% | -25.2% | -25.9% | -21.04% | -7.64% | 5.82% | 24.07% | 45.37% | 44.3% | 54.56% | 88.3% |
| Operating Expenses | 211.06M | 126.96M | 132.41M | 186.97M | 178.95M | 179.43M | 180.47M | 183.38M | 182.71M | 178.85M | 195.74M | 205.41M | 206.82M | 230.33M | 235.58M | 245.49M | 227.39M | 235.26M | 217.35M | 196.85M |
| OpEx % of Revenue | 18.02% | 10.81% | 10.98% | 15.39% | 15.48% | 14.79% | 14.82% | 14.93% | 15.56% | 14.81% | 15.15% | 14.92% | 14.39% | 13.74% | 12.97% | 12.43% | 11.53% | 12.09% | 12.53% | 12.53% |
| Selling, General & Admin | 60.97M | 56.24M | 90.02M | 155.23M | 154.9M | 152.04M | 149.96M | 154.75M | 153.7M | 152M | 166.22M | 177.01M | 179.24M | 205.19M | 207.64M | 220.82M | 202.49M | 212.77M | 194.49M | 175.81M |
| SG&A % of Revenue | 5.2% | 4.79% | 7.47% | 12.77% | 13.4% | 12.53% | 12.31% | 12.6% | 13.09% | 12.59% | 12.86% | 12.86% | 12.47% | 12.24% | 11.43% | 11.18% | 10.27% | 10.94% | 11.21% | 11.19% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 34M | 0 | 0 | 0 | 35M | 0 | 0 | 0 | 33M | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 2.8% | - | - | - | 2.9% | - | - | - | 1.97% | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 53.24M | 28.55M | 26.33M | 56.28M | 39.42M | 57.77M | 63.12M | 68.06M | 59.96M | 74.57M | 80.35M | 87.95M | 101.28M | 124.33M | 133.5M | 150.42M | 162.83M | 148.74M | 131.41M | 122.25M |
| Operating Margin % | 4.55% | 2.43% | 2.18% | 4.63% | 3.41% | 4.76% | 5.18% | 5.54% | 5.11% | 6.17% | 6.22% | 6.39% | 7.05% | 7.42% | 7.35% | 7.61% | 8.26% | 7.64% | 7.57% | 7.78% |
| Operating Income Growth % | 35.05% | -50.58% | -58.29% | -17.31% | -34.26% | -22.52% | -21.45% | -22.62% | -40.8% | -40.03% | -39.81% | -41.53% | -37.8% | -16.41% | 1.59% | 23.04% | 57.68% | 76.21% | 59.57% | 279.88% |
| EBITDA | 63.8M | 39.06M | 37.84M | 68.43M | 51.65M | 70.51M | 78.49M | 82.55M | 74.1M | 88.22M | 94.71M | 102.89M | 116.48M | 139.16M | 148.08M | 164.71M | 176.59M | 161.82M | 143.7M | 134.39M |
| EBITDA Margin % | 5.45% | 3.33% | 3.14% | 5.63% | 4.47% | 5.81% | 6.44% | 6.72% | 6.31% | 7.3% | 7.33% | 7.48% | 8.11% | 8.3% | 8.15% | 8.34% | 8.96% | 8.32% | 8.28% | 8.55% |
| EBITDA Growth % | 23.53% | -44.61% | -51.79% | -17.1% | -30.31% | -20.08% | -17.13% | -19.77% | -36.38% | -36.6% | -36.04% | -37.53% | -34.04% | -14% | 3.05% | 22.56% | 53.07% | 68.46% | 53.54% | 207.9% |
| D&A (Non-Cash Add-back) | 10.56M | 10.5M | 11.51M | 12.15M | 12.23M | 12.74M | 15.37M | 14.49M | 14.14M | 13.65M | 14.36M | 14.94M | 15.2M | 14.83M | 14.58M | 14.29M | 13.76M | 13.08M | 12.29M | 12.14M |
| EBIT | 53.24M | 29.55M | 53.14M | 56.28M | 38.59M | 57.38M | 63.12M | 68.06M | 59.71M | 73.84M | 80.35M | 87.95M | 100.14M | 122.68M | 133.5M | 150.42M | 162.67M | 148.17M | 131.41M | 122.25M |
| Net Interest Income | -518K | -240K | -217K | 3.03M | 3.76M | 964K | 1.17M | 1.68M | 5.02M | 1.87M | 1.05M | 307K | 726K | -345K | -1.05M | -1.1M | -1.12M | -1M | -965K | -967K |
| Interest Income | 0 | 0 | 0 | 4.47M | 5.27M | 964K | 1.17M | 1.68M | 5.02M | 3.27M | 1.05M | 307K | 726K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 518K | 240K | 217K | 1.44M | 1.51M | 0 | 0 | 0 | 0 | 1.4M | 0 | 0 | 0 | 345K | 1.05M | 1.1M | 1.12M | 1M | 965K | 967K |
| Other Income/Expense | -518K | 759K | -217K | -698K | 159K | 964K | 1.17M | 1.68M | 1.61M | 1.87M | 1.05M | 307K | 726K | -345K | -1.05M | -1.1M | -1.12M | -1M | -965K | -967K |
| Pretax Income | 52.72M | 29.31M | 26.11M | 55.58M | 39.58M | 58.73M | 64.28M | 69.73M | 61.57M | 76.43M | 81.39M | 88.26M | 102.01M | 123.99M | 132.45M | 149.31M | 161.71M | 147.74M | 130.45M | 121.28M |
| Pretax Margin % | 4.5% | 2.5% | 2.17% | 4.57% | 3.42% | 4.84% | 5.28% | 5.68% | 5.24% | 6.33% | 6.3% | 6.41% | 7.1% | 7.4% | 7.29% | 7.56% | 8.2% | 7.59% | 7.52% | 7.72% |
| Income Tax | 13.28M | 5.37M | 6.75M | 13.69M | 9.77M | 12.54M | 14.25M | 17.11M | 14.48M | 18.45M | 19.74M | 21.7M | 23.82M | 30.69M | 32.23M | 36.76M | 36.87M | 34.42M | 31.77M | 28.99M |
| Effective Tax Rate % | 25.19% | 18.31% | 25.83% | 24.63% | 24.69% | 21.35% | 22.17% | 24.54% | 23.51% | 24.13% | 24.25% | 24.59% | 23.35% | 24.75% | 24.34% | 24.62% | 22.8% | 23.3% | 24.36% | 23.9% |
| Net Income | 39.44M | 23.94M | 19.36M | 41.89M | 29.81M | 46.19M | 50.03M | 52.62M | 47.1M | 57.99M | 61.65M | 66.56M | 78.19M | 93.3M | 100.22M | 112.56M | 124.84M | 113.31M | 98.67M | 92.29M |
| Net Margin % | 3.37% | 2.04% | 1.61% | 3.45% | 2.58% | 3.81% | 4.11% | 4.28% | 4.01% | 4.8% | 4.77% | 4.84% | 5.44% | 5.57% | 5.52% | 5.7% | 6.33% | 5.82% | 5.69% | 5.87% |
| Net Income Growth % | 32.32% | -48.17% | -61.3% | -20.39% | -36.71% | -20.34% | -18.85% | -20.94% | -39.77% | -37.85% | -38.48% | -40.87% | -37.36% | -17.66% | 1.56% | 21.95% | 61.62% | 74.14% | 59.45% | 280.53% |
| Net Income (Continuing) | 39.44M | 23.94M | 19.36M | 41.89M | 29.81M | 46.19M | 50.03M | 52.62M | 47.1M | 57.99M | 61.65M | 66.56M | 78.19M | 93.3M | 100.22M | 112.56M | 124.84M | 113.31M | 98.67M | 92.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.16 | 0.70 | 0.56 | 1.20 | 0.85 | 1.31 | 1.41 | 1.48 | 1.32 | 1.62 | 1.71 | 1.85 | 2.17 | 2.60 | 2.76 | 3.05 | 3.34 | 2.99 | 2.58 | 2.40 |
| EPS Growth % | 36.47% | -46.56% | -60.28% | -18.92% | -35.61% | -19.14% | -17.54% | -20% | -39.17% | -37.69% | -38.04% | -39.34% | -35.03% | -13.04% | 6.98% | 27.08% | 66.17% | 75.88% | 60.25% | 280.95% |
| EPS (Basic) | 1.16 | 0.70 | 0.56 | 1.20 | 0.85 | 1.31 | 1.41 | 1.48 | 1.32 | 1.62 | 1.71 | 1.85 | 2.18 | 2.60 | 2.79 | 3.09 | 3.36 | 3.01 | 2.59 | 2.41 |
| Diluted Shares Outstanding | 34.02M | 34.21M | 34.58M | 34.87M | 35.2M | 35.33M | 35.42M | 35.65M | 35.75M | 35.8M | 35.95M | 35.95M | 35.98M | 35.93M | 36.33M | 36.91M | 37.42M | 37.92M | 38.22M | 38.4M |
| Basic Shares Outstanding | 34.02M | 34.21M | 34.58M | 34.87M | 35.2M | 35.33M | 35.42M | 35.65M | 35.75M | 35.8M | 35.95M | 35.95M | 35.93M | 35.93M | 35.93M | 36.43M | 37.13M | 37.69M | 38.11M | 38.28M |
| Dividend Payout Ratio | - | 57.05% | 71.58% | 33.22% | 279.54% | 27.53% | 25.48% | 22.38% | 176.73% | 20.4% | 19.24% | 16.2% | 105.71% | 11.55% | 10.9% | 8.22% | 67.86% | 8.38% | 9.69% | 8.74% |