Filing Flows › Landstar System (LSTR) › Q1 2025
Landstar System (LSTR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Landstar System (LSTR) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -5% from the quarter before. Operating margin was 3.4%, net earnings $29.8M (2.6% of revenue).
Landstar System, Q1 2025: revenue $1.2B (-2% year over year), operating margin 3.4%, net earnings $29.8M, operating cash flow $55.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -5% | -2% |
| Operating profit | $39.4M | -32% | -34% |
| Net earnings | $29.8M | -35% | -37% |
| Operating cash flow | $55.7M | -9% | -41% |
| Free cash flow | $53.8M | -1% | -37% |
What changed
Revenue was $1.2B in Q1 2025, down 2% year over year and down 5% from the previous quarter. Transportation Logistics was the largest line at 99% of revenue. Transportation Logistics lost $0.02B year over year (down 1%), 91% of the total change.
Operating profit was $0.04B, a 3.4% margin (down 1.7 points year over year). Total costs grew 0% against a revenue fall of 2%. Net earnings were $0.03B, down 37% year over year. The effective tax rate was 24.7%.
Operating cash flow was $0.06B (down 41% year over year), 187% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $1.9M left free cash flow of $0.05B.
Questions
What was Landstar System's revenue in the first quarter 2025?
Landstar System (LSTR) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -5% from the quarter before.
Was Landstar System profitable in the first quarter 2025?
Operating profit was $39.4M (3.4% of revenue) and net earnings $29.8M.
Source: Landstar System 10-Q on SEC EDGAR.