Landstar System vs Werner Enterprises
Landstar System is the larger business, with $4.74bn of revenue in fiscal 2025 against $2.97bn for Werner Enterprises (1.6 times as much). Landstar System grew faster (-1.6% against -1.8%). Landstar System kept more of each dollar of sales as profit: a net margin of 2.4% against -0.5%. Landstar System carries less debt relative to equity (0.0% against 55.2%).
| Latest fiscal year | Landstar SystemLSTR, 2025 | Werner EnterprisesWERN, 2025 |
|---|---|---|
| Revenue | $4.74bn | $2.97bn |
| Revenue growth | -1.6% | -1.8% |
| Net income | $115m | −$14.4m |
| Operating margin | 3.2% | 0.4% |
| Net margin | 2.4% | -0.5% |
| Return on equity | 13.0% | -1.0% |
| Free cash flow | $215m | −$68.5m |
| Cash | $397m | $59.9m |
| Total debt | $0 | $752m |
| Debt to equity | 0.0% | 55.2% |
| Dividend per share | $3.56 | $0.56 |
| Dividend yield | 2.5% | 1.9% |
| Share buybacks | $180m | $55.6m |
| Employees | — | — |
| Market value | $5.13bn | $1.71bn |
| Price vs our value range | Within our value range | — |
| Moat score | 76 (Strong) | 41 (Weak) |
| Insider trades, 12 months | 1 buys, 2 sales | 0 buys, 3 sales |