LSTRLANDSTAR SYSTEM INC
Trucking (no Local)
- Revenue
- $4.7B
- 1.6% YoY
- Operating margin
- 3.2%
- 38% YoY
- EBITDA
- $198M
- 35% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.2×
- −$230M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear196% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowFired135% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.5B | $7.4B | $5.3B | $4.8B | $4.7B | 1.6% |
| Operating income | $506M | $571M | $344M | $249M | $152M | 39% |
| Net income | $382M | $431M | $264M | $196M | $115M | 41% |
| Operating cash flow | $277M | $623M | $394M | $287M | $225M | 22% |
| Capex | $23M | $26M | $26M | $31M | $10M | 68% |
| Stock-based comp | $28M | $12M | $4M | $3M | $6M | 75% |
| Buybacks | $123M | $286M | $54M | $81M | $180M | 121% |
| Dividends | $112M | $116M | $117M | $120M | $125M | 3.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.