NASDAQ$LSTR

Landstar System Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Landstar System reported Q4 2025, revenue of $1.17B, diluted EPS of $0.70.

For Q4 2025, Landstar System reported revenue of $1.17B, diluted EPS was $0.70. The filing discusses segment trends, liquidity, and management's outlook for upcoming periods.

  • Revenue $1.17B.
  • Diluted EPS $0.70.
  • Landstar System updated capital allocation and operating priorities.

Headline financials

Total Revenue

$1.17B

Previous: $1.21B-2.9%
EPS (adj)

$0.70

Previous: $1.31-46.6%
BCO Independent Contractors

7.7K

Previous: 8.1K-4.6%
Approved Brokerage Carriers

36.9K

Previous: 43.7K-15.7%
Other Approved Brokerage Carriers

25.9K

Previous: 26.5K-2.2%
Total Available Truck Capacity Providers

70.5K

Previous: 78.3K-10.0%
Trucks provided by BCOs

8.5K

Previous: 8.8K-3.7%
Total truck transportation loads

473.0K

Previous: 476.5K-0.8%
Total loads

487.7K

Previous: 491.4K-0.8%
BCO loads

201.0K

Previous: 193.5K+3.9%
Truck revenue per load

$2.28K

Previous: $2.27K+0.5%
BCO revenue per load

$2.28K

Previous: $2.31K-1.5%
Net Income

$23.9M

Previous: $46.2M-48.2%
Operating Income

$29.6M

Previous: $57.8M-48.8%
Gross Profit

$85.6M

Previous: $109M-21.8%

Revenue & EPS history

Landstar · Revenue · Quarterly

$1.17B

Q4 2025-2.9%vs Q4 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

Management discusses Landstar System's outlook, including capital deployment, operating priorities, and key risks, alongside any formal guidance in the earnings materials.

Tailwinds

  • Landstar System cites execution on strategic priorities and demand in core markets.
  • Liquidity and balance sheet capacity support continued investment and returns.

Headwinds

  • Macro, rates, and input costs may pressure margins or volumes.
  • Segment mix and non-recurring items can affect sequential 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 Q4 2025

Historical avgQ4 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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