Landstar System Inc income statement

In fiscal 2025, Landstar System Inc reported revenue of $4.74bn, down 1.6% on the year before, operating income of $152m (a 3.2% margin) and net income of $115m, or $3.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Landstar System Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	2,009	2,400	2,628	2,771	2,665	3,185	3,321	3,168	3,646	4,615	4,085	4,133	6,538	7,437	5,303	4,819	4,744	5,290
Selling, general and administrative	134	153	137	138	132	150	150	143	171	188	159	168	221	221	212	218	231	248
Operating income	114	140	181	201	177	224	242	223	244	332	299	253	506	571	344	249	152	215
Interest expense	—	—	—	—	—	—	—	—	—	—	—	—	—	5	4	4	6	5
Income before tax	110	136	178	198	173	221	239	219	241	328	296	249	502	567	348	254	151	213
Income tax	40	50	66	71	64	82	91	82	64	73	68	57	120	137	84	58	36	52
Net income	70	88	113	130	146	139	148	137	177	255	228	192	382	431	264	196	115	160
Diluted EPS	$1.37	$1.77	$2.38	$2.77	$3.16	$3.07	$3.37	$3.25	$4.21	$6.18	$5.72	$4.98	$9.98	$11.76	$7.36	$5.51	$3.31	$4.72
Diluted shares (average)	51m	50m	48m	47m	46m	45m	44m	42m	42m	41m	40m	39m	38m	37m	36m	36m	35m	34m
EBITDA	137	165	205	226	204	252	271	259	285	375	343	299	555	629	402	306	198	256

US$ millions unless shown otherwise. Fiscal quarters.

Landstar System Inc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	1,209	1,153	1,211	1,205	1,174	1,171	1,432	1,512
Selling, general and administrative	55	62	56	57	56	61	68	62
Operating income	58	39	56	26	30	53	66	66
Interest expense	1	2	1	1	1	1	1	1
Income before tax	59	40	56	26	29	53	65	65
Income tax	13	10	14	7	5	13	16	17
Net income	46	30	42	19	24	39	49	48
Diluted EPS	$1.30	$0.85	$1.20	$0.56	$0.70	$1.16	$1.44	$1.42
EBITDA	71	52	68	38	40	64	77	75

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Landstar System Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Landstar System Inc.