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Landstar System

OverviewSuggest Edit

Landstar System provides integrated transportation management solutions internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including third party logistics and less-than-truckload service providers. The Insurance segment reinsures certain risks of the company's independent contractors.
TypePublic
Founded1988
HQJacksonville, FL, USMap
Websitelandstar.com
Employee Ratings3.6More
Overall CultureDMore
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,333(+3%)
Revenue (FY, 2019)$4.1 B(-11%)
Share Price (Feb 2021)$148.3 (+2%)
Cybersecurity ratingAMore

Landstar System Office Locations

Landstar System has offices in Jacksonville, Laredo and Markham
Jacksonville, FL, US (HQ)
13410 Sutton Park Dr S
Laredo, TX, US
601 Vidal Cantu Road
Markham, CA
113 7100 Woodbine Ave
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Landstar System Financials and Metrics

Landstar System Revenue

Landstar System's revenue was reported to be $4.08 b in FY, 2019
USD

Revenue (Q3, 2020)

1.1b

Gross profit (Q3, 2020)

246.8m

Gross profit margin (Q3, 2020), %

22.7%

Net income (Q3, 2020)

61.9m

EBIT (Q3, 2020)

82.4m

Market capitalization (5-Feb-2021)

5.7b

Closing stock price (5-Feb-2021)

148.3

Cash (26-Sept-2020)

218.6m

EV

5.5b
Landstar System's current market capitalization is $5.7 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.6b2.8b2.7b3.2b3.3b3.2b3.6b4.6b4.1b

Revenue growth, %

20%4%(5%)15%

Cost of goods sold

1.8b2.0b2.1b2.8b3.6b3.1b

Gross profit

642.0m664.1m841.3m1.0b957.1m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

675.6m684.0m649.0m736.0m717.2m628.3m679.3m868.4m841.7m711.6m775.2m787.9m780.9m870.4m943.4m1.0b2.2b1.2b1.0b1.0b1.0b927.6m823.5m1.1b

Cost of goods sold

490.1m474.7m431.4m510.0m518.3m492.9m562.8m548.2m476.6m516.4m931.5m791.8m799.4m774.5m709.3m635.1m838.8m

Gross profit

165.6m165.7m156.1m173.2m169.0m151.7m162.9m270.6m241.2m245.7m237.1m218.3m188.4m246.8m

Gross profit Margin, %

25%24%24%24%24%24%24%23%23%24%23%24%23%23%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

44.7m80.9m74.3m180.3m163.9m114.5m178.9m242.4m199.7m319.5m

Accounts Receivable

307.4m368.4m408.8m631.2m691.6m588.5m

Prepaid Expenses

21.7m21.3m18.1m16.3m21.4m

Inventories

Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

45.1m55.1m45.2m39.5m69.4m53.6m64.4m80.0m90.8m67.5m97.6m114.2m93.1m140.6m114.9m82.4m108.9m156.3m153.4m170.8m215.5m222.1m249.7m220.6m148.6m214.0m264.6m250.2m284.4m177.2m245.5m218.6m

Accounts Receivable

338.9m320.2m344.5m385.5m388.2m378.0m423.1m429.7m378.9m391.4m702.2m601.1m594.1m598.4m562.5m489.2m637.9m

Prepaid Expenses

22.2m19.3m15.2m21.0m19.1m13.6m23.1m20.2m14.6m23.2m24.2m10.9m32.6m30.9m

Current Assets

461.5m441.6m466.6m502.1m558.4m537.0m602.1m619.7m597.3m573.2m623.1m658.0m673.2m662.4m640.7m656.9m655.3m636.8m656.5m668.8m749.0m793.5m877.9m928.7m928.2m999.1m944.2m939.3m970.8m816.2m840.4m964.1m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

87.5m113.0m129.8m146.0m138.8m147.7m137.4m177.0m255.2m227.7m

Depreciation and Amortization

24.8m25.8m27.5m29.1m35.8m40.6m43.6m44.5m

Inventories

Accounts Payable

16.3m26.0m25.7m8.9m62.3m3.6m(9.6m)68.9m22.5m(42.1m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

41.6m63.4m20.6m50.2m80.4m26.8m62.7m95.8m26.8m57.2m86.5m27.6m63.6m100.3m30.0m70.5m109.8m29.2m61.5m97.8m32.4m69.9m112.3m57.5m120.0m186.9m63.3m124.4m177.7m40.9m65.1m127.0m

Depreciation and Amortization

12.0m18.4m6.4m12.8m19.3m6.7m13.4m20.5m7.2m15.0m7.0m7.2m8.4m8.7m9.0m9.9m32.5m11.3m22.4m33.0m11.5m23.0m34.2m

Accounts Payable

38.5m25.7m23.4m38.0m43.2m2.5m40.6m49.3m(10.0m)(452.0k)5.2m13.3m37.5m45.4m(23.9m)(3.3m)(14.6m)8.8m53.3m20.2m22.1m(41.0m)(28.6m)(28.7m)179.0k(31.0k)66.8m

Cash From Operating Activities

26.2m68.3m16.6m23.5m84.4m19.9m54.8m103.3m52.8m84.8m131.8m49.3m82.0m148.1m72.0m105.1m171.3m61.9m79.8m132.3m72.0m113.0m204.2m121.4m184.1m260.7m99.2m198.4m185.5m
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USDQ2, 2010

Financial Leverage

2.6 x
Show all financial metrics

Landstar System Operating Metrics

FY, 2014FY, 2015FY, 2016Sep, 2017

Agents

525 512 502 1.10 k

Carriers

38 k44 k47 k

Trailers

13.73 k14.76 15.17 k14 k

Trucks Provided

8.93 k9.50 k9.44 k
Show all operating metrics

Landstar System Revenue Breakdown

Embed Graph

Landstar System revenue breakdown by business segment: 98.7% from Transportation Logistics and 1.3% from Other

Landstar System Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about our premium products
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Landstar System Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Landstar System Online and Social Media Presence

Landstar System's Trends

Embed Graph

Landstar System Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    D

    59/100

  • Compensation

    F

    43/100

Learn more on Comparably

Landstar System News and Updates

January 27, 2021

Landstar System Reports All-Time Quarterly Records With Revenue of $1.296 Billion and Diluted Earnings Per Share of $1.70 in the 2020 Fourth Quarter

JACKSONVILLE, Fla., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported all-time quarterly records with revenue of $1.296 billion and diluted earnings per share of $1.70 in the 2020 fourth quarter. Diluted earnings per share in the quarter included a previously announce…
July 22, 2020

Landstar System Reports Second Quarter Revenue of $824 Million and Diluted Earnings Per Share of $0.63

JACKSONVILLE, Fla., July 22, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $0.63 in the 2020 second quarter on revenue of $824 million. Included in the Company’s 2020 second quarter financial results were:
January 30, 2019

Landstar System Reports Record Fourth Quarter Revenue of $1.182 Billion and All-Time Quarterly Record Diluted Earnings Per Share of $1.68

JACKSONVILLE, Fla., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported record fourth quarter revenue of $1.182 billion in the 2018 fourth quarter, a 12 percent increase over revenue of $1.052 billion reported in the 2017 fourth quarter. Gross profit (defined as revenue…
December 14, 2018

Freight Broker Global Market 2018: Key Players – C.H. Robinson, Expeditors, Landstar System, TQL, Coyote Logistics

Wiseguyreports.Com adds “Freight Broker Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday
April 26, 2018

Landstar System (LSTR) Q1 2018 Results - Earnings Call Transcript

April 26, 2018

Landstar System, Inc. 2018 Q1 - Results - Earnings Call Slides

Landstar System Blogs

November 19, 2019

How to Build Your Freight Agency

Opening a freight agency is an exciting undertaking. But any entrepreneur knows that growing a business is not a simple mission. What do you need to do to build your freight agency?
November 14, 2019

The Landstar Star of Quality

September & October 2019 Star of Quality Awards When independent Landstar business capacity owners (BCOs) and agents go above and beyond the call of duty, their efforts are recognized with Landstar’s Star of Quality award. Each month, deserving BCOs and agents earn Landstar’s Star of Quality Awa…
November 13, 2019

5 Tips to Grow Your Freight Agency

Whether you already own a freight agency or you are considering becoming a freight agency owner, these steps will guide you in your quest to becoming a successful entrepreneur.
November 11, 2019

Freedom, Security, Support

Landstar has always fully supported Michael Lemasters commitment to the military. This support was evident when he received mobilization orders to report to Fort Benning in Georgia.
November 11, 2019

Bravo Zulu Landstar: Veteran’s Memorial Move

The A-7’s transport from Pocahontas, Arkansas, into Jacksonville is part of the first phase in constructing a National POW/MIA Memorial and Museum on the decommissioned Navy base.
November 08, 2019

Promoting Safe and Compliant Safety Initiatives

Landstar Safety Officers (LSOs) are the representatives from each independent agency at the forefront of Landstar’s customer safety initiatives.
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 Landstar System Frequently Asked Questions

  • When was Landstar System founded?

    Landstar System was founded in 1988.

  • How many employees does Landstar System have?

    Landstar System has 1,333 employees.

  • What is Landstar System revenue?

    Latest Landstar System annual revenue is $4.1 b.

  • What is Landstar System revenue per employee?

    Latest Landstar System revenue per employee is $3.1 m.

  • Who are Landstar System competitors?

    Competitors of Landstar System include Roadrunner Transportation Systems, Covenant Transport and ArcBest.

  • Where is Landstar System headquarters?

    Landstar System headquarters is located at 13410 Sutton Park Dr S, Jacksonville.

  • Where are Landstar System offices?

    Landstar System has offices in Jacksonville, Laredo and Markham.

  • How many offices does Landstar System have?

    Landstar System has 3 offices.