Landstar System vs Old Dominion
Old Dominion is the larger business, with $5.50bn of revenue in fiscal 2025 against $4.74bn for Landstar System (1.2 times as much). Landstar System grew faster (-1.6% against -5.5%). Old Dominion kept more of each dollar of sales as profit: a net margin of 18.6% against 2.4%. Landstar System carries less debt relative to equity (0.0% against 0.9%).
| Latest fiscal year | Landstar SystemLSTR, 2025 | Old DominionODFL, 2025 |
|---|---|---|
| Revenue | $4.74bn | $5.50bn |
| Revenue growth | -1.6% | -5.5% |
| Net income | $115m | $1.02bn |
| Operating margin | 3.2% | 24.8% |
| Net margin | 2.4% | 18.6% |
| Return on equity | 13.0% | 23.9% |
| Free cash flow | $215m | $955m |
| Cash | $397m | $120m |
| Total debt | $0 | $40.0m |
| Debt to equity | 0.0% | 0.9% |
| Dividend per share | $3.56 | $1.12 |
| Dividend yield | 2.5% | 0.7% |
| Share buybacks | $180m | $730m |
| Employees | — | 20,591 |
| Market value | $5.13bn | $36.94bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 76 (Strong) | 94 (Strong) |
| Insider trades, 12 months | 1 buys, 2 sales | 0 buys, 12 sales |