Landstar System, Inc. (LSTR) Stock

Landstar System, Inc. (LSTR) is a Industrials stock trading at $179.93 (as of 2026-08-24), with a market capitalization of $6.10B and a trailing P/E of 46.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Landstar System, Inc. provides transportation management services, operating in the United States, Canada, Mexico, and internationally. Its Transportation Logistics segment arranges multiple modes including truckload/less-than-truckload, rail intermodal, air, ocean, expedited, heavy-haul, cross-border services, and customs brokerage, while also serving other transportation businesses; it also has an Insurance segment.

Understand Landstar System, Inc.: how it makes money

Landstar System provides integrated transportation management solutions, including truckload and other freight services, and it earns revenue by arranging and managing that freight transportation (and also operates an Insurance segment).

Truck transportation revenue hauled via Business Capacity Owners and brokerage carriers is a central driver, meaning Landstar profit depends heavily on orchestrating third-party capacity and brokerage operations.

Revenue by segment (latest quarter)
Transp. Log.$1.2B

Business quality (Weak): The company has two official segments (Transportation Logistics, Insurance), but the provided segment revenue breakdown is incomplete, so this view emphasizes Transportation Logistics and operating metrics tied to truck brokerage activity.

Valuation: At 57× earnings, LSTR trades 225% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Broad menu of transportation services: Transportation Logistics includes truckload and less-than-truckload, rail intermodal, air cargo, ocean cargo, expedited ground and air, heavy-haul/specialized, and customs brokerage.
  • Cross-border and specialty coverage: Services include U.S.-Canada and U.S.-Mexico cross-border freight, intra-Mexico and intra-Canada, project cargo, and customs brokerage.
  • Multiple revenue streams by segment: Landstar operates through two segments, Transportation Logistics and Insurance.

Bear case

  • Brokered transportation concentration: A key operating metric is truck transportation revenue hauled via Business Capacity Owners and brokerage carriers, which can make results sensitive to how effectively Landstar sources and manages third-party capacity.
  • Data gap for Insurance segment in provided facts: The provided inputs do not include Insurance segment revenue figures, limiting visibility into how much the Insurance segment contributes to overall performance.
Valuation — source: SEC EDGAR (first-party)
Price$179.93
Market Cap$6.10B
P/E Ratio46.8
EV / EBITDA25.9
Price / Book7.64
Price / Sales1.29
FCF Yield5.4%
DCF Value (model)$71.62
DCF Upside vs Price-60.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.74B
Net Margin2.4%
Revenue Growth (YoY)-1.6%
EPS Growth (YoY)-39.9%
FCF Growth (YoY)-15.9%
Financial Health — source: SEC EDGAR
Altman Z-Score10.40 (safe)
Valuation vs Sector & Industry
Stock P/E46.8
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector80.0%
vs Industry175.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderKAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC ($550.22M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorIndustrials
IndustryTransportation
CEOFrank A. Lonegro
Employees1,400
CountryUS
IPO Date1993-03-05

Related Companies (Transportation; 8 comparable transport companies)

  • Old Dominion Freight Line, Inc. (ODFL)
  • ArcBest Corporation (ARCB)
  • Schneider National, Inc. (SNDR)
  • Saia, Inc. (SAIA)
  • Knight-Swift Transportation Holdings Inc. (KNX)
  • Werner Enterprises, Inc. (WERN)
  • J.B. Hunt Transport Services, Inc. (JBHT)
  • Universal Logistics Holdings, Inc. (ULH)
LSTR earnings history · LSTR institutional & insider holders · LSTR KPIs & operating metrics · LSTR financials · LSTR investor presentations & press releases · LSTR SEC filings · LSTR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.