Filing Flows › Landstar System (LSTR) › Q4 2025
Landstar System (LSTR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Landstar System (LSTR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -3% from the quarter before. Operating margin was 2.5%, net earnings $23.9M (2.0% of revenue).
Landstar System, Q4 2025: revenue $1.2B (-3% year over year), operating margin 2.5%, net earnings $23.9M, operating cash flow $72.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -3% | -3% |
| Operating profit | $29.6M | +12% | -49% |
| Net earnings | $23.9M | +24% | -48% |
| Operating cash flow | $72.7M | -19% | +19% |
| Free cash flow | $70.5M | -18% | +30% |
What changed
Revenue was $1.2B in Q4 2025, down 3% year over year and down 3% from the previous quarter. Transportation Logistics was the largest line at 99% of revenue.
Operating profit was $0.03B, a 2.5% margin (down 2.3 points year over year). Total costs fell 1% while revenue fell 3%. Net earnings were $0.02B, down 48% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.07B (up 19% year over year), 304% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $755K of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $2.2M left free cash flow of $0.07B.
Questions
What was Landstar System's revenue in the fourth quarter 2025?
Landstar System (LSTR) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -3% from the quarter before.
Was Landstar System profitable in the fourth quarter 2025?
Operating profit was $29.6M (2.5% of revenue) and net earnings $23.9M.
Source: Landstar System 10-K on SEC EDGAR.