(LSTR) Landstar System - NASDAQ
Sector: Industrials | Industry: Integrated Freight & Logistics | Exchange: NASDAQ (USA) | Market Cap: 7.037m USD | Total Return: 53.1% in 12m
Avg Turnover: 103M
EPS Trend: -98.0%
Qual. Beats: 0
Rev. Trend: -82.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
Landstar System, Inc. (LSTR) is a Jacksonville, Florida-based transportation management company founded in 1988 and listed on NASDAQ since 1993. Operating within the Industrials sector (Cargo Ground Transportation), it serves customers in the United States, Canada, Mexico, and internationally through two segments: Transportation Logistics and Insurance.
The Transportation Logistics segment offers a broad range of freight services, including truckload, less-than-truckload, rail intermodal, air and ocean cargo, expedited delivery, heavy-haul/specialized, hazardous materials, cold chain, cross-border, project cargo, and customs brokerage. It serves diverse end markets such as automotive, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment.
The Insurance segment provides risk and claims management services and reinsures the risks of the companys independent contractors. Notably, Landstar operates an asset-light business model, sourcing capacity primarily through its network of independent agents and third-party capacity providers rather than owning a large fleet of trucks, which is a defining feature of its operations within the ground transportation sector.
- Truckload rates decline as freight demand softens
- Insurance segment margins face pressure from rising claims
- AB5-style contractor regulations threaten asset-light business model
- Capital returns through buybacks support earnings per share
| Net Income: 124.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 1.50 > 1.0 |
| NWC/Revenue: 11.60% < 20% (prev 13.07%; Δ -1.47% < -1%) |
| CFO/TA 0.15 > 3% & CFO 247.4m > Net Income 124.6m |
| Net Debt (-315.6m) to EBITDA (237.7m): -1.33 < 3 |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (34.0m) vs 12m ago -3.35% < -2% |
| Gross Margin: 17.24% > 18% (prev 19.74%; Δ -2.50% > 0.5%) |
| Asset Turnover: 287.3% > 50% (prev 280.6%; Δ 6.66% > 0%) |
| Interest Coverage Ratio: 79.93 > 6 (EBIT TTM 192.9m / Interest Expense TTM 2.41m) |
| A: 0.35 (Total Current Assets 1.18b - Total Current Liabilities 630.7m) / Total Assets 1.60b |
| B: 1.80 (Retained Earnings 2.88b / Total Assets 1.60b) |
| C: 0.12 (EBIT TTM 192.9m / Avg Total Assets 1.66b) |
| D: 0.99 (Book Value of Equity 799.0m / Total Liabilities 803.2m) |
| Altman-Z'' = 9.95 = AAA |
| DSRI: 0.93 (Receivables 692.0m/751.6m, Revenue 4.77b/4.82b) |
| GMI: 1.14 (GM 19.74% / 17.24%) |
| AQI: 0.99 (AQ_t 0.10 / AQ_t-1 0.10) |
| SGI: 0.99 (Revenue 4.77b / 4.82b) |
| TATA: -0.08 (NI 124.6m - CFO 247.4m) / TA 1.60b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of June 23, 2026, the stock is trading at USD 209.02 with a total of 439,042 shares traded. Over the past week, the price has changed by -6.80%, over one month by +7.74%, over three months by +39.31% and over the past year by +53.13%.
Current recommended Stop Loss: 199.70 (which is 4.5% or 1.3 ATR below the current price).
Landstar System has received a consensus analysts rating of 3.06. Therefore, it is recommended to hold LSTR.
- StrongBuy: 2
- Buy: 0
- Hold: 13
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 179.1 | -14.3% |
P/E Trailing = 57.4515
P/E Forward = 37.037
P/S = 1.4735
P/B = 8.8046
P/EG = 1.5223
Revenue TTM = 4.77b USD
EBIT TTM = 192.9m USD
EBITDA TTM = 237.7m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 26.1m USD (from shortTermDebt, last quarter)
Debt = 95.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 69.3m
Net Debt = -315.6m USD (calculated: Debt 95.4m - CCE 411.0m)
Enterprise Value = 6.72b USD (7.04b + Debt 95.4m - CCE 411.0m)
Interest Coverage Ratio = 79.93 (Ebit TTM 192.9m / Interest Expense TTM 2.41m)
EV/FCF = 28.77x (Enterprise Value 6.72b / FCF TTM 233.6m)
FCF Yield = 3.48% (FCF TTM 233.6m / Enterprise Value 6.72b)
FCF Margin = 4.90% (FCF TTM 233.6m / Revenue TTM 4.77b)
Net Margin = 2.62% (Net Income TTM 124.6m / Revenue TTM 4.77b)
Gross Margin = 17.24% ((Revenue TTM 4.77b - Cost of Revenue TTM 3.94b) / Revenue TTM)
Gross Margin QoQ = 22.56% (prev 13.24%)
Tobins Q-Ratio = 4.19 (Enterprise Value 6.72b / Total Assets 1.60b)
Interest Expense / Debt = 2.53% (Interest Expense 2.41m / Debt 95.4m)
Taxrate = 23.87% (39.1m / 163.7m)
NOPAT = 146.9m (EBIT 192.9m * (1 - 23.87%))
Current Ratio = 1.88 (Total Current Assets 1.18b / Total Current Liabilities 630.7m)
Debt / Equity = 0.12 (Debt 95.4m / totalStockholderEquity, last quarter 799.0m)
Debt / EBITDA = -1.33 (Net Debt -315.6m / EBITDA 237.7m)
Debt / FCF = -1.35 (Net Debt -315.6m / FCF TTM 233.6m)
Total Stockholder Equity = 851.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.51% (Net Income 124.6m / Total Assets 1.60b)
RoE = 14.64% (Net Income TTM 124.6m / Total Stockholder Equity 851.3m)
RoCE = 22.67% (EBIT 192.9m / Capital Employed (Equity 851.3m + L.T.Debt 0.0))
RoIC = 19.35% (NOPAT 146.9m / Invested Capital 759.3m)
WACC = 7.84% (E(7.04b)/V(7.13b) * Re(7.92%) + D(95.4m)/V(7.13b) * Rd(2.53%) * (1-Tc(0.24)))
Discount Rate = 7.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -2.24%
[DCF] Terminal Value 75.97% ; FCFF base≈229.9m ; Y1≈238.7m ; Y5≈270.3m
[DCF] Fair Price = 132.4 (EV 4.18b - Net Debt -315.6m = Equity 4.49b / Shares 33.9m; r=8.35% [WACC [floored]]; 5y FCF grow 4.09% → 2.50% )
EPS Correlation: -98.00 | EPS CAGR: -24.42% | SUE: 0.32 | # QB: 0
Revenue Correlation: -82.09 | Revenue CAGR: -7.89% | SUE: 0.59 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.47 | Chg30d=+0.42% | Revisions=+78% | Analysts=16
EPS next Quarter (2026-09-30): EPS=1.50 | Chg30d=+1.22% | Revisions=+62% | Analysts=15
EPS current Year (2026-12-31): EPS=5.67 | Chg30d=+0.65% | Revisions=+14% | GrowthEPS=+41.0% | GrowthRev=+8.5%
EPS next Year (2027-12-31): EPS=7.09 | Chg30d=+0.83% | Revisions=+0% | GrowthEPS=+25.0% | GrowthRev=+10.4%
[Analyst] Revisions Ratio: +78%