Landstar System
Coordinates specialized freight through independent agents and third-party capacity.
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Profile
Coordinates freight across transport modes through independent sales agents and third-party capacity rather than a conventional owned fleet. The business is concentrated in the United States, with service also extending to Canada and Mexico.
Coordinates integrated transportation-management services across transport modes, using independent sales agents, third-party capacity providers and employees rather than a conventional owned fleet. Its services emphasize safety, cargo security, information coordination and customer service.
The transportation logistics operation is principally U.S.-focused, with a smaller Canada and Mexico presence. Independent commission sales agents market services and connect shippers to capacity, leaving the network’s quality and reach central to execution.
Transportation logistics and insurance are the company’s disclosed businesses. The operating model depends on agents and third-party capacity providers to arrange specialized freight.
Company facts
Categories
Key statistics
Year to date +22.6% · Average volume (30d) 491.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Wolfe Research | Upgrade | Peer Perform | Outperform | $214 | |
| Jul 29, 2026 | Janney Montgomery | Target | $182 | |||
| Jul 29, 2026 | UBS | Reiterate | Neutral | $147 | $195 | |
| Jul 29, 2026 | Stifel Nicolaus | Target | $186 | $197 | ||
| Jul 29, 2026 | Robert W. Baird | Target | $225 | $215 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.49 | $1.44 | −3.4% | $1.34B | $1.43B | +6.9% | −4.04% |
| Apr 28, 2026Q1 FY26 | $1.11 | $1.16 | +4.5% | $1.16B | $1.17B | +1.2% | +1.20% |
| Jan 28, 2026Q4 FY25 | $1.19 | $1.24 | +4.2% | $1.19B | $1.17B | −1.3% | −2.29% |
| Oct 28, 2025Q3 FY25 | $1.24 | $1.22 | −1.6% | $1.20B | $1.21B | +0.1% | −3.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.22B | $1.21B | $1.17B | $1.17B | $1.43B | |
| Gross profit | $218.4M | $243.3M | $158.7M | $155.5M | $264.3M | $189.0M | |
| Operating income | $39.4M | $56.3M | $26.3M | $28.6M | $53.2M | $63.5M | |
| Net income | $29.8M | $41.9M | $19.4M | $23.9M | $39.4M | $49.0M | |
| Diluted EPS | $0.85 | $1.20 | $0.56 | $0.70 | $1.16 | $1.44 | |
| Gross margin | 18.9% | 20.0% | 13.2% | 13.2% | 22.6% | 13.2% | |
| Operating margin | 3.4% | 4.6% | 2.2% | 2.4% | 4.5% | 4.4% |
Fiscal years (4-quarter sums)FY21 $6.54B · FY22 $7.44B · FY23 $5.31B · FY24 $4.83B · FY25 $4.75B
Revenue by product · Q2 FY26
Balance sheet, Jun 27, 2026Cash & short-term investments $347.7M · Total debt $138.6M · Total assets $1.74B · Shareholders' equity $836.7M
Dividends
Raised for 11 straight years — most recently to $0.44 from $0.40 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Sep 9 | $0.44 | raised from $0.40 |
| May 19, 2026 | May 19 | Jun 9 | $0.40 | |
| Feb 18, 2026 | Feb 18 | Mar 11 | $0.40 | |
| Jan 6, 2026 | Jan 6 | Jan 21 | $2.00 | special dividend |
| Nov 18, 2025 | Nov 18 | Dec 9 | $0.40 | |
| Aug 19, 2025 | Aug 19 | Sep 9 | $0.40 | |
| Jun 5, 2025 | Jun 5 | Jun 24 | $0.40 | raised from $0.36 |
| Feb 18, 2025 | Feb 18 | Mar 11 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 33.94M · Float 31.78M · 93.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.38M | 9.95% | 13F | Aug 7, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 3.09M | 9.10% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 2.12M | 6.25% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 1.80M | 5.29% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.54M | 4.53% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | James P. Todd | officer: VP and CFO | −1,200 | $218.17 |
| Jun 5, 2026 | Diana M. Murphy | director | −11,246 | $221.28 |
Peers
- C.H. Robinson Worldwide
Truckload brokerage and managed logistics at North American scale
- RXO
Asset-light truck brokerage and managed transportation platform
- Hub Group
Non-asset brokerage, managed transportation, and specialized trucking
- J.B. Hunt
Asset-light capacity marketplace for truckload and specialized freight
- ArcBest
Truckload brokerage, managed transportation, and ground-expedite logistics
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Landstar System | $192.28 | +6.81% | $6.11B | 46.6 | 26.4 | 1.2 | +18.2% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| RXO | $21.91 | +0.05% | $3.61B | — | 64.3 | 0.6 | +25.0% |
| Hub Group | $39.61 | −0.01% | $2.40B | 29.5 | 37.0 | 0.9 | −1.0% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| ArcBest | $136.54 | −0.05% | $3.05B | 197.9 | 16.8 | 0.7 | +15.9% |
| Median | 33.2 | 29.5 | 0.9 | +19.3% |