NASDAQ$LSTR

Landstar System Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Landstar reported Q3 2025 total revenue of $1.22B with net income of $91.1M and diluted EPS of $2.61.

Total revenue was $1.22 billion as truck brokerage and logistics services navigated a soft freight market. Net income was $91.1 million; diluted EPS was $2.61. Agent productivity, purchased transportation costs, and insurance claims trends remain key variables.

  • Q3 total revenue $1.22B.
  • Net income $91.1M; diluted EPS $2.61.
  • Brokerage and BCO network execution.
  • Freight demand and insurance costs monitored.

Headline financials

Total Revenue

$1.21B

Previous: $1.21B-0.7%
EPS (adj)

$2.61

Previous: $1.41+85.1%
BCO Independent Contractors

7.8K

Previous: 8.3K-5.3%
Approved Brokerage Carriers

40.0K

Previous: 44.8K-10.8%
Trucks provided by BCOs

8.6K

Previous: 9.0K-4.5%
Total truck transportation loads

485.4K

Previous: 485.8K-0.1%
Total loads

501.2K

Previous: 501.7K-0.1%
BCO loads

199.0K

Previous: 198.3K+0.3%
Truck revenue per load

$2.25K

Previous: $2.25K-0.0%
BCO revenue per load

$2.3K

Previous: $2.3K-0.2%
Capital Expenditures

-$7.67M

Previous: -$7.48M-2.6%
Net Income

$19.4M

Previous: $50M-61.3%
Operating Income

$26.3M

Previous: $63.1M-58.3%
Gross Profit

$111M

Previous: $1.18B-90.6%

Revenue & EPS history

Landstar · Revenue · Quarterly

$1.21B

Q3 2025-0.7%vs Q3 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Landstar · $1.29B total across 7 segments · Q3 2023

  • Truckload: Van equipment
    $666M-27.2%
  • Truckload: Unsided/platform equipment
    $378M-16.7%
  • Other truck transportation
    $102M-47.8%
  • Ocean and air cargo carriers
    $65.8M-59.9%
  • Less-than-truckload
    $28.1M-20.5%
  • Other
    $26.7M+4.8%
  • Rail intermodal
    $23.1M-16.6%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-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
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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