LANDSTAR SYSTEM INC

LSTR 10-Q · Q1 2026

LSTR Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 1,171,291 1,152,502 +1.6%
Show Product Lines breakouts
Less than Truckload · BCO Independent Contractor Truck and Brokerage Carriers Truck 23,788 22,436 +6.0%
Other Truck Transportation · BCO Independent Contractor Truck and Brokerage Carriers Truck 86,518 92,079 -6.0%
Unsided/Platform Equipment · BCO Independent Contractor Truck and Brokerage Carriers Truck 368,569 340,408 +8.3%
Van Equipment · BCO Independent Contractor Truck and Brokerage Carriers Truck 603,406 594,795 +1.4%
Interest Income Operating 2,974 3,598 -17.3%
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Insurance 2,974 3,598 -17.3%
Purchased Transportation Costs 906,997 897,878 +1.0%
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Transportation Logistics 906,997 897,878 +1.0%
Sales Commissions And Fees 92,143 93,314 -1.3%
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Transportation Logistics 92,143 93,314 -1.3%
Other Cost And Expense Operating 14,800 11,829 +25.1%
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Transportation Logistics 14,800 11,829 +25.1%
Operating Insurance And Claims Costs Production 35,564 39,852 -10.8%
Selling, General & Administrative 60,965 61,582 -1.0%
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Insurance 3,179 2,156 +47.4%
Transportation Logistics 57,786 59,426 -2.8%
Depreciation And Amortization 10,560 12,226 -13.6%
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Transportation Logistics 10,560 12,226 -13.6%
Total Costs & Expenses 1,121,029 1,116,681 +0.4%
Operating Income 53,236 39,419 +35.1%
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Insurance 9,147 10,203 -10.3%
Transportation Logistics 44,089 29,216 +50.9%
Show Change In Accounting Estimate By Type breakouts
Development of Prior Year Self Insured Claims Estimates 4,888 11,352 -56.9%
Interest And Debt Income Expense 518 -159 +425.8%
Income Before Taxes 52,718 39,578 +33.2%
Income Tax Expense (Benefit) 13,278 9,772 +35.9%
Net Income 39,440 29,806 +32.3%
Show Equity Components breakouts
Retained Earnings 39,440 29,806 +32.3%
EPS (Basic) 1.16 0.85 +36.5%
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Development of Prior Year Self Insured Claims Estimates 0.11 0.24 -54.2%
EPS (Diluted) 1.16 0.85 +36.5%
Show Change In Accounting Estimate By Type breakouts
Development of Prior Year Self Insured Claims Estimates 0.11 0.24 -54.2%
Wtd Avg Shares (Basic) 34,022,000 35,203,000 -3.4%
Wtd Avg Shares (Diluted) 34,022,000 35,203,000 -3.4%
Common Stock Dividends Per Share Declared 0.4 0.36 +11.1%
Revenue 1,171,291 1,152,502 +1.6%
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Insurance 14,290 14,757 -3.2%
Insurance · Related Party 11,294 11,579 -2.5%
Transportation Logistics 1,157,001 1,137,745 +1.7%
Show Related Party Transactions By Related Party breakouts
Related Party 11,294 11,579 -2.5%
Net Income 39,440 29,806 +32.3%
Show Change In Accounting Estimate By Type breakouts
Development of Prior Year Self Insured Claims Estimates 3,671 8,548 -57.1%
Comprehensive Income 38,065 30,820 +23.5%
Other Comprehensive Income -1,375 1,014 -235.6%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss -780
Accumulated Other Comprehensive Income -1,375
Accumulated Translation Adjustment -595
Interest Expense 1,296 1,509 -14.1%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 353,255 417,420 -15.4%
Short-Term Investments 57,697 56,016 +3.0%
Accounts Receivable 692,016
Nontrade Receivables Current 48,402
Assets Of Disposal Group Including Discontinued Operation Current 11,788
Show Legal Entity breakouts
Landstar Metro [Member] 11,788
Other Assets Current 20,443 16,571 +23.4%
Total Current Assets 1,183,601 1,241,621 -4.7%
Non-Current Assets
Property, Plant & Equipment 255,738 297,517 -14.0%
Goodwill 34,005 40,881 -16.8%
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Transportation Logistics 34,005 40,881 -16.8%
Other Non-Current Assets 128,854 136,159 -5.4%
Total Assets 1,602,198 1,716,178 -6.6%
Operating Lease Right-of-Use Assets 552 983 -43.8%
Long Term Investments (Q)
Show Investment Type breakouts
Non Current Investments [Member] 89,745,000 90,402,000 -0.7%
Current Liabilities
Bank Overdrafts 54,432 59,359 -8.3%
Accounts Payable 396,654 389,592 +1.8%
Finance Lease Liability Current 26,121 32,024 -18.4%
Self Insurance Reserve Current 56,794 37,638 +50.9%
Liabilities Of Disposal Group Including Discontinued Operation 8,468
Show Legal Entity breakouts
Landstar Metro [Member] 8,468
Other Liabilities Current 88,251 93,701 -5.8%
Total Current Liabilities 630,720 612,314 +3.0%
Non-Current Liabilities
Finance Lease Liability Noncurrent 43,145 61,944 -30.3%
Self Insurance Reserve Noncurrent 96,502 75,436 +27.9%
Deferred Income Taxes And Other Liabilities Noncurrent 32,855 35,729 -8.0%
Operating Lease Liabilities 261 516 -49.4%
Stockholders' Equity
Common Stock 686 686 0.0%
Additional Paid In Capital Common Stock 263,740 257,296 +2.5%
Retained Earnings 2,878,506 2,877,034 +0.1%
Treasury Stock Value -2,336,869 -2,193,265 -6.5%
Accumulated Other Comprehensive Income -7,087
Show Legal Entity breakouts
Landstar Metro [Member] 1,205
Total Stockholders' Equity 798,976 930,755 -14.2%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss -1,176 -1,841 +36.1%
Accumulated Other Comprehensive Income -7,087 -10,996 +35.5%
Accumulated Translation Adjustment -5,911 -9,155 +35.4%
Total Liabilities & Equity 1,602,198 1,716,178 -6.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Amortization of Financing Costs 66 66 0.0%
Provision For Doubtful Accounts 107 6,455 -98.3%
Gain Loss On Sale Of Property Plant Equipment -335 -830 +59.6%
Increase Decrease In Deferred Income Taxes 250 146 +71.2%
Stock-Based Compensation 2,487 2,038 +22.0%
Increase Decrease In Receivables -17,604 -27,068 +35.0%
Increase Decrease In Other Operating Assets 2,629 8,657 -69.6%
Change in Accounts Payable 27,087 5,967 +353.9%
Increase Decrease In Other Operating Liabilities 10,277 8,514 +20.7%
Increase Decrease In Insurance Liabilities 3,247 9,721 -66.6%
Net Cash from Operations 78,211 55,698 +40.4%
Investing Activities
Proceeds From Sale And Maturity Of Marketable Securities 34,752 46,858 -25.8%
Payments To Acquire Marketable Securities -35,908 -48,085 +25.3%
Capital Expenditures -5,814 -1,902 -205.7%
Proceeds From Sale Of Property Plant And Equipment 1,173 4,276 -72.6%
Net Cash from Investing -5,797 1,147 -605.4%
Financing Activities
Proceeds From Repayments Of Bank Overdrafts -2,222 -1,674 -32.7%
Payments Of Dividends -81,731 -83,320 +1.9%
Tax Withholding for Share Compensation -1,040 -909 -14.4%
Share Repurchases -22,387 -60,361 +62.9%
Repayments Of Long Term Debt And Capital Securities -7,556 -8,339 +9.4%
Net Cash from Financing -114,936 -154,603 +25.7%
Supplemental
Interest Paid 1,233,000 1,446,000 -14.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -781 160 -588.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Including Cash Cash Equivalents Classified As Assets Held For Sale -43,303 -97,598 +55.6%
Increase Decrease In Cash And Cash Equivalents Classified As Assets Held For Sale -136
Net Change in Cash -43,439 -97,598 +55.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 353,255 417,420 -15.4%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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