NASDAQ$LSTR

Landstar System Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Landstar System Inc reported lower revenue and net income for Q2 2025 compared to the prior year.

For the thirteen weeks ended June 28, 2025, Landstar generated revenue of $1.211 billion, down 1% year-over-year, with net income of $41.9 million and EPS of $1.20. Operating income declined to $56.3 million amid higher insurance and claims costs and lower load volumes. Cash and cash equivalents stood at $359.2 million at quarter end.

  • Revenue decreased 1% to $1.211 billion due to a 2% decline in loads hauled.
  • Net income fell 20% to $41.9 million, with EPS at $1.20 versus $1.48 last year.
  • BCO Independent Contractors numbered 7,844 with 203,930 loads and revenue per load of $2,263.
  • Insurance and claims expense rose due to unfavorable prior year claims development and higher severity.

Headline financials

Total Revenue

$1.21B

Previous: $1.23B-1.1%
EPS (adj)

$1.20

Previous: $1.48-18.9%
Approved and active Truck Brokerage Carriers

41.8K

No prior period
Other approved Truck Brokerage Carriers

27.7K

No prior period
Total available truck capacity providers

77.4K

No prior period
Trucks provided by BCO Independent Contractors

8.6K

No prior period
Total truck transportation loads

500.5K

No prior period
Total loads

515.8K

No prior period
Loads hauled via BCO Independent Contractors

203.9K

No prior period
Revenue per load on BCO loads

$2.26K

No prior period
BCO Independent Contractors

7.8K

No prior period
Capital Expenditures

-$4.38M

Previous: -$7.5M+41.5%
Net Income

$41.9M

Previous: $52.6M-20.4%
Operating Income

$56.3M

Previous: $68.1M-17.3%
Cash & Equivalents

$359M

Previous: $438M-18.0%
Total Assets

$1.7B

Previous: $1.76B-3.2%

Revenue & EPS history

Landstar · Revenue · Quarterly

$1.21B

Q2 2025-1.1%vs Q2 2024
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Landstar · $1.21B total across 7 segments · Q2 2025

  • Van equipment
    $591M
  • Unsided/platform equipment
    $401M
  • Other truck transportation
    $101M
  • Ocean and air cargo carriers
    $50.8M
  • Less-than-truckload
    $25.3M
  • Rail intermodal
    $22M
  • Other
    $20.4M

Forward guidance

No specific forward-looking guidance provided in the filing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.5%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.3%

Avg return

30 days after

43%

29 / 68 earnings

Positive

+6.3%

Q3 2016

Best reaction

-8.8%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-1.8%+0.8%+12.9%
Q4 2025-2.3%-3.4%-2.5%
Q3 2025-3.7%-2.8%+1.1%
Q1 2025-2.5%+0.9%-2.4%
Q4 2024-3.5%-5.9%-8.2%
Q3 2024-2.5%-2.4%+2.6%
Q2 2024-0.5%-3.4%-5.5%
Q1 2024+3.1%+3.0%+4.6%
Q4 2023-2.0%-1.2%-4.2%
Q3 2023-2.3%-1.6%+4.8%
Q2 2023-1.6%+0.3%-7.9%
Q1 2023-1.4%+0.8%-0.6%
Q4 2022+6.2%+5.9%+5.5%
Q3 2022-1.0%+0.3%+11.5%
Q2 2022-0.8%-3.7%+1.6%
Q1 2022+4.8%+5.9%-1.5%
Q4 2021-7.1%-1.7%-3.3%
Q3 2021+3.0%+4.8%+3.5%
Q2 2021-3.1%-0.4%+2.3%
Q1 2021-3.4%-3.2%-4.4%
Q4 2020-5.0%-6.1%+6.9%
Q3 2020+2.4%+2.5%+1.2%
Q2 2020+0.1%+0.6%+9.0%
Q1 2020+3.7%+10.1%+14.8%
Q4 2019+0.4%-1.0%-9.9%
Q3 2019-0.6%+2.0%-3.9%
Q2 2019+0.8%+1.0%-5.2%
Q1 2019+2.5%-2.3%-7.9%
Q4 2018-1.6%+1.3%+5.9%
Q3 2018-1.5%-1.7%+3.0%
Q2 2018+1.6%+2.0%+8.3%
Q1 2018-5.0%-3.8%+7.0%
Q4 2017+4.0%-1.5%-0.9%
Q3 2017+0.2%-1.3%-1.7%
Q2 2017-8.8%-7.0%-6.4%
Q1 2017+0.1%-1.3%-3.8%
Q4 2016-1.0%-0.3%+3.1%
Q3 2016+6.3%+8.8%+23.7%
Q2 2016-1.6%-0.3%-1.9%
Q1 2016-0.6%
Q4 2015+0.3%
Q3 2015-4.1%
Q2 2015+1.9%
Q1 2015-1.2%
Q4 2014-0.7%
Q3 2014-0.1%
Q2 2014+5.2%
Q1 2014+3.2%
Q4 2013+2.0%
Q3 2013-6.9%
Q2 2013+2.9%
Q1 2013-1.7%
Q4 2012-2.7%
Q3 2012+1.6%
Q2 2012+4.1%
Q1 2012-5.6%
Q4 2011+0.3%
Q3 2011-2.4%
Q2 2011-2.8%
Q1 2010-1.4%
Q1 2011-1.4%
Q4 2008-1.1%
Q4 2010-1.1%
Q3 2010+0.3%
Q3 2009+0.3%
Q2 2010+1.2%
Q2 2009+1.2%
Q4 2009+1.2%

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