Landstar System, Inc. (LSTR) Key Metrics
LSTR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.83B
- Enterprise value
- $5.51B
- P/E (TTM)
- 44.5 10-yr median 25.5
- Forward P/E
- 22.5
- PEG ratio
- 0.91
- Price / sales
- 1.2 10-yr median 1.1
- Price / book
- 6.8 10-yr median 6.7
- EV / EBITDA
- 22.9 10-yr median 14.4
- Dividend yield
- 1.03% $1.76 a year
- Beta
- 0.89
LSTR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLSTR valuation Price multiples at each fiscal year-end price.
LSTR returns How much profit the business earns on the capital it uses.
LSTR per-share figures Results divided by the shares outstanding at year-end.
LSTR financial health Debt, liquidity and how easily interest is covered.
LSTR efficiency & capital use Working capital cycle and where the cash goes.
LSTR valuation history
LSTR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LSTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LSTR cash returned to shareholders
LSTR price vs earnings per share
LSTR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.99B | $6.11B | $6.96B | $5.97B | $6.84B | $5.20B | $4.53B | $3.95B | $4.37B | $3.60B |
| Enterprise value | $4.67B | $5.70B | $6.55B | $5.87B | $6.90B | $5.08B | $4.35B | $3.90B | $4.25B | $3.53B |
| P/E ratio | 43.4 | 31.2 | 26.3 | 13.8 | 17.9 | 27.1 | 19.9 | 15.5 | 24.7 | 26.2 |
| Price / sales | 1.1 | 1.3 | 1.3 | 0.8 | 1.0 | 1.3 | 1.1 | 0.9 | 1.2 | 1.1 |
| Price / book | 6.3 | 6.3 | 7.1 | 6.7 | 7.9 | 7.5 | 6.3 | 5.8 | 6.7 | 6.6 |
| Price / free cash flow | 23.2 | 23.9 | 18.9 | 10.0 | 27.0 | 28.9 | 15.7 | 13.7 | 35.5 | 21.5 |
| Price / operating cash flow | 22.2 | 21.3 | 17.7 | 9.6 | 24.7 | 24.7 | 14.7 | 13.3 | 31.5 | 18.9 |
| EV / sales | 1.0 | 1.2 | 1.2 | 0.8 | 1.1 | 1.2 | 1.1 | 0.8 | 1.2 | 1.1 |
| EV / EBITDA | 23.6 | 18.8 | 16.5 | 9.4 | 12.5 | 15.5 | 12.7 | 10.4 | 15.0 | 13.8 |
| EV / free cash flow | 21.7 | 22.3 | 17.8 | 9.8 | 27.2 | 28.2 | 15.1 | 13.5 | 34.5 | 21.1 |
| Earnings yield | 2.3% | 3.2% | 3.8% | 7.2% | 5.6% | 3.7% | 5.0% | 6.5% | 4.0% | 3.8% |
| Free cash flow yield | 4.3% | 4.2% | 5.3% | 10.0% | 3.7% | 3.5% | 6.4% | 7.3% | 2.8% | 4.7% |
| Dividend yield | 2.5% | 2.0% | 1.7% | 1.9% | 1.6% | 2.1% | 0.6% | 2.2% | 0.4% | 0.4% |
| Shareholder yield (dividends + buybacks) | 6.1% | 3.3% | 2.5% | 6.7% | 3.4% | 4.3% | 2.6% | 7.5% | 1.5% | 1.8% |
| Share price at fiscal year-end | $143.70 | $171.86 | $193.65 | $162.90 | $179.02 | $134.66 | $113.87 | $95.67 | $104.10 | $85.30 |
| Per share | ||||||||||
| Revenue per share | $136.64 | $136.02 | $147.92 | $203.09 | $171.06 | $107.15 | $102.79 | $111.81 | $86.83 | $75.03 |
| Earnings per share | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.18 | $4.21 | $3.25 |
| Operating cash flow per share | $6.48 | $8.06 | $10.96 | $17.00 | $7.24 | $5.46 | $7.74 | $7.21 | $3.31 | $4.50 |
| Free cash flow per share | $6.19 | $7.19 | $10.24 | $16.29 | $6.63 | $4.67 | $7.25 | $6.98 | $2.94 | $3.97 |
| Cash per share | $13.03 | $15.94 | $15.05 | $10.74 | $6.57 | $7.53 | $8.86 | $5.80 | $6.93 | $5.81 |
| Book value per share | $22.92 | $27.36 | $27.39 | $24.22 | $22.55 | $17.92 | $18.13 | $16.63 | $15.48 | $12.85 |
| Tangible book value per share | $21.94 | $26.21 | $25.04 | $23.09 | $21.48 | $16.86 | $17.17 | $14.78 | $13.62 | $11.37 |
| Dividends per share | $3.59 | $3.39 | $3.26 | $3.16 | $2.93 | $2.84 | $0.70 | $2.15 | $0.38 | $0.34 |
| Capex per share | $0.28 | $0.87 | $0.72 | $0.71 | $0.61 | $0.79 | $0.49 | $0.24 | $0.37 | $0.54 |
| Debt per share | $3.84 | $4.60 | $3.69 | $8.18 | $7.94 | $4.55 | $4.26 | $4.45 | $3.98 | $4.13 |
| Shares outstanding | 34.7M | 35.5M | 35.9M | 36.6M | 38.2M | 38.6M | 39.8M | 41.3M | 42.0M | 42.2M |
| Change in shares outstanding | −2.3% | −1.1% | −1.9% | −4.2% | −1.0% | −3.0% | −3.7% | −1.7% | −0.5% | −3.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.0% | 20.0% | 28.3% | 49.3% | 49.1% | 27.2% | 32.3% | 38.2% | 29.7% | 27.2% |
| Return on invested capital (ROIC) | 24.8% | 33.5% | 38.2% | 50.8% | 51.6% | 35.0% | 39.4% | 44.5% | 35.9% | 29.9% |
| Return on assets (ROA) | 6.7% | 10.8% | 14.2% | 21.7% | 20.6% | 12.5% | 16.2% | 18.7% | 14.5% | 13.1% |
| Return on tangible assets | 7.2% | 11.1% | 15.4% | 22.8% | 19.0% | 11.9% | 16.4% | 19.6% | 13.9% | 13.3% |
| Free cash flow margin | 4.5% | 5.3% | 6.9% | 8.0% | 3.9% | 4.4% | 7.1% | 6.2% | 3.4% | 5.3% |
| Income quality (OCF / net income) | 1.96 | 1.46 | 1.49 | 1.44 | 0.73 | 1.10 | 1.35 | 1.17 | 0.78 | 1.39 |
| Financial health | ||||||||||
| Total debt | $133.5M | $163.3M | $132.7M | $299.8M | $303.5M | $175.5M | $169.5M | $183.8M | $167.4M | $174.6M |
| Cash & short-term investments | $452.2M | $566.6M | $540.7M | $393.5M | $251.3M | $290.7M | $352.4M | $239.8M | $291.3M | $245.5M |
| Net debt | −$318.7M | −$403.3M | −$408.0M | −$93.8M | $52.2M | −$115.2M | −$182.9M | −$56.0M | −$124.0M | −$70.9M |
| Debt / equity | 0.17 | 0.17 | 0.13 | 0.34 | 0.35 | 0.25 | 0.23 | 0.27 | 0.26 | 0.32 |
| Debt / assets | 0.08 | 0.09 | 0.07 | 0.16 | 0.15 | 0.11 | 0.12 | 0.13 | 0.12 | 0.16 |
| Net debt / EBITDA | −1.61 | −1.33 | −1.03 | −0.15 | 0.09 | −0.35 | −0.53 | −0.15 | −0.44 | −0.28 |
| Current ratio | 1.75 | 1.96 | 2.00 | 1.64 | 1.51 | 1.50 | 1.80 | 1.81 | 1.75 | 1.94 |
| Quick ratio | 1.75 | 1.96 | 2.00 | 1.64 | 1.51 | 1.50 | 1.80 | 1.81 | 1.75 | 1.94 |
| Interest coverage | 170.7 | 45.9 | 87.2 | 157.8 | 127.2 | 64.0 | 95.2 | 98.9 | 77.1 | 58.8 |
| Working capital | $520.5M | $646.7M | $677.5M | $561.3M | $512.9M | $402.0M | $445.0M | $435.6M | $412.6M | $357.1M |
| Invested capital | $476.9M | $569.1M | $575.9M | $793.4M | $914.2M | $576.6M | $538.5M | $630.8M | $526.7M | $471.7M |
| Tangible asset value | $761.7M | $931.5M | $899.4M | $846.0M | $821.2M | $650.9M | $683.0M | $612.7M | $575.7M | $480.3M |
| Net current asset value | $376.1M | $479.0M | $534.8M | $394.7M | $339.4M | $246.2M | $291.6M | $280.0M | $262.6M | $183.4M |
| Graham number | $41.33 | $58.26 | $67.35 | $80.06 | $71.15 | $44.80 | $48.32 | $48.08 | $38.32 | $30.66 |
| Graham net-net per share | $4.44 | $7.71 | $8.72 | $3.19 | $0.25 | $0.08 | $2.87 | $2.05 | $2.01 | $1.25 |
| Capital allocation | ||||||||||
| Dividends paid | $124.8M | $120.5M | $117.1M | $115.7M | $112.0M | $109.5M | $27.9M | $88.9M | $15.9M | $14.3M |
| Share buybacks (net) | $179.9M | $81.4M | $53.9M | $286.0M | $122.7M | $116.0M | $88.6M | $208.1M | $50.5M | $50.5M |
| Dividend payout ratio | 108.5% | 61.5% | 44.3% | 26.8% | 29.3% | 57.0% | 12.2% | 34.8% | 9.0% | 10.4% |
| Dividends + buybacks / free cash flow | 141.7% | 79.0% | 46.5% | 67.3% | 92.6% | 125.2% | 40.4% | 103.1% | 53.9% | 38.7% |
| Capex / revenue | 0.2% | 0.6% | 0.5% | 0.3% | 0.4% | 0.7% | 0.5% | 0.2% | 0.4% | 0.7% |
| Capex / operating cash flow | 4.4% | 10.8% | 6.5% | 4.2% | 8.4% | 14.5% | 6.3% | 3.3% | 11.2% | 11.9% |
| Capex / depreciation | 0.21 | 0.55 | 0.44 | 0.45 | 0.47 | 0.67 | 0.44 | 0.22 | 0.38 | 0.63 |
| Stock-based compensation / revenue | 0.1% | 0.1% | 0.1% | 0.2% | 0.4% | 0.1% | 0.1% | 0.4% | 0.2% | 0.1% |
| R&D / revenue | — | 0.7% | 0.7% | 0.0% | — | — | — | — | — | — |
| SG&A / revenue | 8.2% | 12.6% | 12.7% | 11.2% | 11.1% | 12.0% | 12.3% | 12.3% | 12.8% | 12.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 55.9 | 57.3 | 62.2 | 55.9 | 60.1 | 67.2 | 59.8 | 54.2 | 56.9 | 55.4 |
| Days of inventory on hand | — | — | — | — | — | 0.0 | — | 0.0 | — | — |
| Days payables outstanding | 33.3 | 36.9 | 40.3 | 34.8 | 34.4 | 36.3 | 33.3 | 30.0 | 32.1 | 32.7 |
| Cash conversion cycle (days) | 22.6 | 20.4 | 21.9 | 21.1 | 25.7 | 30.9 | 26.4 | 24.2 | 24.8 | 22.7 |
| Receivables turnover | 6.53 | 6.37 | 5.87 | 6.53 | 6.07 | 5.43 | 6.11 | 6.74 | 6.42 | 6.58 |
| Payables turnover | 10.95 | 9.90 | 9.06 | 10.48 | 10.60 | 10.06 | 10.95 | 12.17 | 11.37 | 11.16 |
| Inventory turnover | — | — | — | — | — | 3,280,623,000.00 | — | 7,291,276,000.00 | — | — |
| Asset turnover | 2.75 | 2.67 | 2.85 | 3.74 | 3.54 | 2.68 | 2.91 | 3.38 | 2.98 | 3.03 |
| Average receivables | $727.0M | $759.1M | $905.6M | $1.14B | $1.08B | $761.5M | $669.7M | $685.4M | $568.6M | $481.4M |
| Average payables | $376.6M | $389.8M | $461.7M | $565.8M | $492.3M | $326.3M | $293.1M | $299.6M | $252.3M | $221.6M |
| Average inventory | — | — | — | — | — | $1 | — | $0 | $0 | $0 |
| Intangibles / total assets | 2.1% | 2.3% | 4.7% | 2.1% | 2.0% | 2.5% | 2.7% | 5.5% | 5.8% | 5.7% |
Computed from LSTR's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LSTR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Landstar System traded at 43.4 times earnings, against a 10-year median of 25.5. Based on the latest twelve months, the trailing P/E is 44.5 and the forward P/E is 22.5. Landstar System earned a return on equity of 13.0% and a return on invested capital of 24.8% in fiscal 2025. It ended the year with $133.5 million of debt and $452.2 million in cash and short-term investments, a net cash position of $318.7 million. It returned $304.6 million to shareholders: $124.8 million in dividends and $179.9 million in share buybacks, 142% of free cash flow. The share count fell 17.8% from 42.2M to 34.7M over 9 years.
See the LSTR income statement, the LSTR chart for price history, or the LSTR stock overview for the latest quote and news.
LSTR key metrics FAQ
What is Landstar System's P/E ratio?
Landstar System's trailing P/E ratio is 44.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.5. At the end of fiscal 2025 it was 43.4, compared with a 10-year median of 25.5.
What is Landstar System's EV/EBITDA?
Landstar System's enterprise value was 23.6 times EBITDA at the end of fiscal 2025 (enterprise value $4.7 billion, EBITDA $198.0 million); the current EV/EBITDA is 22.9.
What is Landstar System's return on equity?
Landstar System's return on equity (ROE) was 13.0% in fiscal 2025: net income of $115.0 million on average shareholders' equity of $884.1 million.
What is Landstar System's ROIC?
Landstar System's return on invested capital was 24.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Landstar System have?
Landstar System had total debt of $133.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
What is Landstar System's dividend yield?
Landstar System's forward dividend yield is 1.03%. Landstar System paid $124.8 million in dividends in fiscal 2025 ($3.59 per share), a payout ratio of 108.5%.
Does Landstar System buy back its shares?
Yes. Landstar System spent $179.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.3% over the year, to 34.7M..
What is Landstar System's free cash flow yield?
Landstar System generated $215.0 million of free cash flow in fiscal 2025, a free cash flow yield of 4.3% on its market value at year-end ($5.0 billion).
What is Landstar System's current ratio?
Landstar System's current ratio was 1.75 at the end of fiscal 2025: current assets were 1.75 times current liabilities.