LSTRLandstar System, Inc.
Is the business good?
The checks split: earnings fully cash-backed (1.4×), but margins compressing.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 15% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is LSTR?
Landstar System, Inc. keeps 3.5% of every revenue dollar as operating profit, against 5.3% for the median Integrated Freight & Logistics name.
Operating margin · Integrated Freight & Logistics median 5.3% · 12 months to Q2 2026
- Cash conversion
- 1.43×
Cash conversion · 1.24× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.7%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 6.1% |
| FY2021 | 7.7% |
| FY2022 | 7.7% |
| FY2023 | 6.5% |
| FY2024 | 5.2% |
| FY2025 | 3.2% |
Details›
- Operating margin12 months to Q2 2026
- 3.5%
- Net margin12 months to Q2 2026
- 2.6%
- Free cash flow margin
- 3.5%
- Revenue, trailing twelve months
- $4.98B
- Free cash flow, trailing twelve months
- $176M
- Net income, trailing twelve months
- $132M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Integrated Freight & Logistics
Ranks #3 of 8 by RyuScore