Landstar System (LSTR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Landstar System

NasdaqGS•Industrials•Integrated Freight & Logistics

$151.06+3.53(0.02%)Pre-market

Market Cap

$5.12B

P/E

31.9x

P/S

1.0x

P/B

6.2x

Landstar System, Inc. provides transportation management solutions in the United States, Canada, Mexico, and internationally. It operates in two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, hazardous materials, cold chain/temperature-controlled, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage services, as well as transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, military equipment and general commodities industries. The Insurance segment provides risk and claims management services; and reinsures risks of its independent contractors. The company markets its services through a network of agents, third party capacity providers, and employees. Landstar System, Inc. was founded in 1988 and is headquartered in Jacksonville, Florida.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Growth (21/25); weakest: Profitability (11/25).

Profitability11/25

Growth21/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality15/25

Strengths

High ROERising earningsLow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 31.9x5y range 11.5x – 53.9x

Currently near its 20-quarter median.

P/S · 1.0x5y range 0.7x – 1.4x

Currently near its 20-quarter median.

P/B · 6.2x5y range 4.8x – 8.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 27.7% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $5.12B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.29B
Q. Revenue: $1.51B
TTM EBITDA: $255.95M
TTM Op. Income: $214.56M
Q. Op. Income: $65.54M
TTM Net Income: $160.38M
Q. Net Income: $48.04M
EPS: $1.42
Shares Out.: $33.87M

$5.29B in TTM revenue grew 10.7% YoY, reaching $1.51B last quarter. TTM EBITDA of $255.95M and TTM operating income of $214.56M show growth is flowing through to the bottom line. TTM net income of $160.38M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.8%
EBITDA Margin: 5.0%
Op. Margin: 4.3%
Net Margin: 3.2%

Op. margin of 4.3% is up 2.2% YoY — cost efficiency is improving. Net margin at 3.2% and gross margin of 21.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 99% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 31.9x
P/S Ratio: 1.0x
P/B Ratio: 6.2x

At 31.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.0x and P/B of 6.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 4% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.81B
Cash: $297.32M
Long-Term Debt: $56.90M
Book Value: $830.00M
D/E Ratio: 0.1
Debt/EBITDA: 0.8

With $1.81B in assets and $56.90M in long-term debt, D/E is 0.1and book value is $830.00M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 28% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $70.91M
TTM Free Cash Flow: $157.62M
FCF Margin: 3.0%
FCF / Net Income: 1.0

TTM FCF of $157.62M on $70.91M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.