Filing Flows › Landstar System (LSTR) › Q1 2026
Landstar System (LSTR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Landstar System (LSTR) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.3% from the quarter before. Operating margin was 4.5%, net earnings $39.4M (3.4% of revenue).
Landstar System, Q1 2026: revenue $1.2B (+2% year over year), operating margin 4.5%, net earnings $39.4M, operating cash flow $78.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -0.3% | +2% |
| Operating profit | $53.2M | +80% | +35% |
| Net earnings | $39.4M | +65% | +32% |
| Operating cash flow | $78.2M | +8% | +40% |
| Free cash flow | $72.4M | +3% | +35% |
What changed
Revenue was $1.2B in Q1 2026, up 2% year over year and roughly flat from the previous quarter. Transportation Logistics was the largest line at 99% of revenue. Transportation Logistics added $0.02B year over year (up 2%), 102% of the total change. Insurance declined 3%.
Operating profit was $0.05B, a 4.5% margin (up 1.1 points year over year). Of the extra revenue versus Q1 2025, 74% reached operating profit, above the 3% margin then. Total costs grew 0% against revenue growth of 2%. Net earnings were $0.04B, up 32% year over year. The effective tax rate was 25.2%.
Operating cash flow was $0.08B (up 40% year over year), 198% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.01B left free cash flow of $0.07B.
Questions
What was Landstar System's revenue in the first quarter 2026?
Landstar System (LSTR) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -0.3% from the quarter before.
Was Landstar System profitable in the first quarter 2026?
Operating profit was $53.2M (4.5% of revenue) and net earnings $39.4M.
Source: Landstar System 10-Q on SEC EDGAR.