Filing Flows › Landstar System (LSTR) › Q2 2025
Landstar System (LSTR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Landstar System (LSTR) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +5% from the quarter before. Operating margin was 4.6%, net earnings $41.9M (3.5% of revenue).
Landstar System, Q2 2025: revenue $1.2B (-1% year over year), operating margin 4.6%, net earnings $41.9M, operating cash flow $7.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +5% | -1% |
| Operating profit | $56.3M | +43% | -17% |
| Net earnings | $41.9M | +41% | -20% |
| Operating cash flow | $7.1M | -87% | -85% |
| Free cash flow | $4.7M | -91% | -89% |
What changed
Revenue was $1.2B in Q2 2025, down 1% year over year and up 5% from the previous quarter. Transportation Logistics was the largest line at 99% of revenue. Transportation Logistics lost $0.01B year over year (down 1%), 91% of the total change.
Operating profit was $0.06B, a 4.6% margin (down 0.9 points year over year). Total costs fell 0% while revenue fell 1%. Net earnings were $0.04B, down 20% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.01B (down 85% year over year), 17% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $2.5M left free cash flow of $4.7M.
Questions
What was Landstar System's revenue in the second quarter 2025?
Landstar System (LSTR) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +5% from the quarter before.
Was Landstar System profitable in the second quarter 2025?
Operating profit was $56.3M (4.6% of revenue) and net earnings $41.9M.
Source: Landstar System 10-Q on SEC EDGAR.