Landstar System vs Saia
Landstar System is the larger business, with $4.74bn of revenue in fiscal 2025 against $3.23bn for Saia (1.5 times as much). Saia grew faster (0.8% against -1.6%). Saia kept more of each dollar of sales as profit: a net margin of 7.9% against 2.4%. Landstar System carries less debt relative to equity (0.0% against 6.4%).
| Latest fiscal year | Landstar SystemLSTR, 2025 | SaiaSAIA, 2025 |
|---|---|---|
| Revenue | $4.74bn | $3.23bn |
| Revenue growth | -1.6% | 0.8% |
| Net income | $115m | $255m |
| Operating margin | 3.2% | 10.9% |
| Net margin | 2.4% | 7.9% |
| Return on equity | 13.0% | 10.4% |
| Free cash flow | $215m | $27.3m |
| Cash | $397m | $19.7m |
| Total debt | $0 | $164m |
| Debt to equity | 0.0% | 6.4% |
| Dividend per share | $3.56 | — |
| Dividend yield | 2.5% | — |
| Share buybacks | $180m | — |
| Employees | — | — |
| Market value | $5.13bn | $9.49bn |
| Price vs our value range | Within our value range | — |
| Moat score | 76 (Strong) | 60 (Moderate) |
| Insider trades, 12 months | 1 buys, 2 sales | 1 buys, 14 sales |