Recent News
On January 28, 2026 Landstar released fiscal Q4 results noting an EPS miss and commentary that insurance costs and related charges cloud near-term guidance. The company confirmed an ongoing sales process for its Landstar Metro unit and cited geopolitical risks related to Mexican operations in the announcement. A special one-time cash dividend of $2.00 per share paid January 21, 2026 drew investor attention, and the company promoted an AI strategy in investor slides released with the quarter. In March 2026 Landstar received industry recognition as a Top Trucking Employer (TCA 2026 Best Place to Drive).
Technical Analysis
ADX registers 18.28, indicating no established directional trend; momentum measures thus drive short-term bias more than a dominant trend. The directional indicators diverge: DI+ at 23.15 and rising signals buyer strength, while DI− shows a dip-and-reversal pattern consistent with bearish pressure returning; the net reads as short-term bullish bias tempered by renewed selling risk.
MACD sits at 4.02 with the MACD line above the signal line (signal 2.69) and an increasing MACD trend — a bullish momentum cross that supports additional near-term upside potential from current levels.
MRO stands at −2.88 with a peak-and-reversal trend; the negative MRO indicates price sits below its internal target and, in mechanical terms, suggests potential for price to move higher toward that target if momentum holds.
RSI at 58.87 with an increasing trend points to constructive momentum without overbought extremes; the 12-day EMA (price12dayEMA 164.46, increasing) sits below the close ($168.27), and the close also sits above the 50-day ($155.74) and 200-day ($138.90) averages, reinforcing short-to-intermediate bullish alignment.
Price currently trades just beneath the 1× Bollinger upper band (upper 1× = $169.19), implying proximity to near-term resistance while the SuperTrend lower support sits at $159.32. Short-term volume (395,793) slightly exceeds the 10-day average (391,129), indicating attention behind recent moves; 42-day beta 1.22 denotes above-market short-term volatility that can widen intraday ranges.
Fundamental Analysis
Revenue totaled $1,174,469,000 with YoY revenue growth of 5.86% and QoQ growth of 4.21%, showing continued top-line expansion. Gross profit reached $155,515,000 and gross margin registered 13.241%, a 4.12 percentage-point YoY improvement.
Operating (EBIT) margin measured 2.43%, down 44.85% QoQ and down 45.51% YoY; this margin sits below the industry peer mean of 8.08% and below the industry peer median of 8.10%, signaling compressed operating profitability relative to peers. Operating income totaled $28,553,000.
Reported EPS of $0.70 missed the estimate of $0.99, a shortfall of $0.29, equivalent to a −29.3% EPS surprise. Earnings growth reads −38.53% on the period measure while reported net income from continuing operations reached $23,944,000.
Return metrics show return on equity near 3.01% and return on assets near 1.45%, rates that reflect modest capital efficiency given total assets of $1,635,935,000 and total equity of $795,665,000. Free cash flow reached $70,506,000 with a free cash flow yield of 1.46%, below the industry peer mean free cash flow yield of 2.17%.
Capital structure remains conservative: total debt $133,476,000, debt-to-equity 0.168, and interest coverage ~24.4x. Book value per share near $23.36 while the price-to-book ratio equals 6.09, modestly above the industry peer mean of 5.14 and within the industry peer range high of 10.22.
The current valuation as determined by WMDST: over-valued. Market multiples underline the view: trailing P/E ~189.7 and forward P/E ~81.1 sit above typical peer means, and enterprise multiple prints well above the industry peer mean, supporting the WMDST valuation assessment despite healthy cash balances ($396.7M) and positive operating cash flow.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-28 |
| NEXT REPORT DATE: | 2026-04-29 |
| CASH FLOW | Begin Period Cash Flow | $ 375.2 M |
| Operating Cash Flow | $ 72.7 M | |
| Capital Expenditures | $ -2.21 M | |
| Change In Working Capital | $ 35.5 M | |
| Dividends Paid | $ -13.66 M | |
| Cash Flow Delta | $ 21.5 M | |
| End Period Cash Flow | $ 396.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.2 B | |
| Forward Revenue | $ 700.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.0 B | |
| Depreciation | $ 10.5 M | |
| Depreciation and Amortization | $ 10.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 155.5 M | |
| EBITDA | $ 39.1 M | |
| EBIT | $ 28.6 M | |
| Operating Income | $ 28.6 M | |
| Interest Income | $ -240.00 K | |
| Interest Expense | — | |
| Net Interest Income | $ -240.00 K | |
| Income Before Tax | $ 29.3 M | |
| Tax Provision | $ 5.4 M | |
| Tax Rate | 18.313 % | |
| Net Income | $ 23.9 M | |
| Net Income From Continuing Operations | $ 23.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.99 | |
| EPS Actual | $ 0.70 | |
| EPS Difference | $ -0.29 | |
| EPS Surprise | -29.293 % | |
| Forward EPS | $ 1.68 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 34.0 M | |
| Net Tangible Assets | $ 761.7 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 452.2 M | |
| Cash | $ 396.7 M | |
| Net Receivables | $ 670.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 124.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 369.6 M | |
| Short-Term Debt | $ 56.7 M | |
| Total Current Liabilities | $ 695.8 M | |
| Net Debt | — | |
| Total Debt | $ 133.5 M | |
| Total Liabilities | $ 840.3 M | |
| EQUITY | ||
| Total Equity | $ 795.7 M | |
| Retained Earnings | $ 2.9 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.36 | |
| Shares Outstanding | 34.059 M | |
| Revenue Per-Share | $ 34.48 | |
| VALUATION | Market Capitalization | $ 4.8 B |
| Enterprise Value | $ 4.5 B | |
| Enterprise Multiple | 115.89 | |
| Enterprise Multiple QoQ | 80.436 % | |
| Enterprise Multiple YoY | 34.976 % | |
| Enterprise Multiple IPRWA | LSTR: 115.89 high: 111.108 mean: 45.222 median: 34.234 low: -35.353 |
|
| EV/R | 3.854 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.056 | |
| Asset To Liability | 1.947 | |
| Debt To Capital | 0.144 | |
| Debt To Assets | 0.082 | |
| Debt To Assets QoQ | 8.382 % | |
| Debt To Assets YoY | 142.395 % | |
| Debt To Assets IPRWA | high: 0.794 median: 0.391 mean: 0.364 LSTR: 0.082 low: 0.033 |
|
| Debt To Equity | 0.168 | |
| Debt To Equity QoQ | 19.149 % | |
| Debt To Equity YoY | 167.288 % | |
| Debt To Equity IPRWA | high: 2.844 mean: 1.391 median: 1.342 LSTR: 0.168 low: 0.043 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.089 | |
| Price To Book QoQ | 21.3 % | |
| Price To Book YoY | -4.971 % | |
| Price To Book IPRWA | high: 10.221 LSTR: 6.089 median: 5.223 mean: 5.136 low: 0.232 |
|
| Price To Earnings (P/E) | 189.675 | |
| Price To Earnings QoQ | 78.14 % | |
| Price To Earnings YoY | 40.825 % | |
| Price To Earnings IPRWA | high: 219.55 LSTR: 189.675 mean: 72.613 median: 41.949 low: -140.344 |
|
| PE/G Ratio | -4.923 | |
| Price To Sales (P/S) | 4.125 | |
| Price To Sales QoQ | 11.461 % | |
| Price To Sales YoY | -19.938 % | |
| Price To Sales IPRWA | high: 17.053 LSTR: 4.125 mean: 4.051 median: 3.462 low: 0.815 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 81.146 | |
| Forward PE/G | -2.106 | |
| Forward P/S | 6.939 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 18.026 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.712 | |
| Asset Turnover Ratio QoQ | -0.685 % | |
| Asset Turnover Ratio YoY | 5.139 % | |
| Asset Turnover Ratio IPRWA | high: 0.761 LSTR: 0.712 mean: 0.367 median: 0.339 low: 0.008 |
|
| Receivables Turnover | 1.719 | |
| Receivables Turnover Ratio QoQ | 0.793 % | |
| Receivables Turnover Ratio YoY | -2.004 % | |
| Receivables Turnover Ratio IPRWA | high: 2.589 mean: 2.039 median: 1.983 LSTR: 1.719 low: 1.171 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.07 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.256 | |
| CapEx To Revenue | -0.002 | |
| CapEx To Depreciation | -0.21 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 795.7 M | |
| Net Invested Capital | $ 852.3 M | |
| Invested Capital | $ 852.3 M | |
| Net Tangible Assets | $ 761.7 M | |
| Net Working Capital | $ 520.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.65 | |
| Current Ratio | 1.748 | |
| Current Ratio QoQ | -13.088 % | |
| Current Ratio YoY | -10.849 % | |
| Current Ratio IPRWA | high: 2.155 LSTR: 1.748 mean: 1.247 median: 1.219 low: 0.829 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 3.417 | |
| Cost Of Debt | 0.646 % | |
| Interest Coverage Ratio | 24.425 | |
| Interest Coverage Ratio QoQ | -46.265 % | |
| Interest Coverage Ratio YoY | -47.074 % | |
| Interest Coverage Ratio IPRWA | LSTR: 24.425 high: 16.885 median: 9.917 mean: 9.087 low: -65.0 |
|
| Operating Cash Flow Ratio | 0.039 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 33.666 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.753 | |
| Dividend Payout Ratio | 0.571 | |
| Dividend Rate | $ 0.40 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.58 % | |
| Revenue Growth | -2.567 % | |
| Revenue Growth QoQ | 420.69 % | |
| Revenue Growth YoY | 586.364 % | |
| Revenue Growth IPRWA | high: 18.902 % mean: 5.783 % median: 5.507 % LSTR: -2.567 % low: -7.198 % |
|
| Earnings Growth | -38.525 % | |
| Earnings Growth QoQ | -2411.038 % | |
| Earnings Growth YoY | 443.218 % | |
| Earnings Growth IPRWA | high: 88.889 % mean: 15.64 % median: 8.17 % LSTR: -38.525 % low: -75.342 % |
|
| MARGINS | ||
| Gross Margin | 13.241 % | |
| Gross Margin QoQ | 0.554 % | |
| Gross Margin YoY | 4.12 % | |
| Gross Margin IPRWA | high: 30.222 % median: 20.769 % mean: 17.663 % LSTR: 13.241 % low: 5.091 % |
|
| EBIT Margin | 2.431 % | |
| EBIT Margin QoQ | -44.85 % | |
| EBIT Margin YoY | -45.505 % | |
| EBIT Margin IPRWA | high: 10.777 % median: 8.096 % mean: 8.077 % LSTR: 2.431 % low: -49.872 % |
|
| Return On Sales (ROS) | 2.431 % | |
| Return On Sales QoQ | -44.85 % | |
| Return On Sales YoY | -45.505 % | |
| Return On Sales IPRWA | high: 10.519 % mean: 8.167 % median: 8.056 % LSTR: 2.431 % low: -7.05 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 70.5 M | |
| Free Cash Flow Yield | 1.455 % | |
| Free Cash Flow Yield QoQ | -24.572 % | |
| Free Cash Flow Yield YoY | 66.667 % | |
| Free Cash Flow Yield IPRWA | high: 4.561 % mean: 2.172 % median: 1.962 % LSTR: 1.455 % low: -3.721 % |
|
| Free Cash Growth | -18.057 % | |
| Free Cash Growth QoQ | -101.033 % | |
| Free Cash Growth YoY | -35.708 % | |
| Free Cash Growth IPRWA | high: 585.318 % median: 12.813 % mean: 9.091 % LSTR: -18.057 % low: -504.706 % |
|
| Free Cash To Net Income | 2.945 | |
| Cash Flow Margin | 2.308 % | |
| Cash Flow To Earnings | 1.132 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.452 % | |
| Return On Assets QoQ | 26.042 % | |
| Return On Assets YoY | -43.873 % | |
| Return On Assets IPRWA | high: 4.15 % median: 2.479 % mean: 1.939 % LSTR: 1.452 % low: -5.819 % |
|
| Return On Capital Employed (ROCE) | 3.037 % | |
| Return On Equity (ROE) | 0.03 | |
| Return On Equity QoQ | 38.091 % | |
| Return On Equity YoY | -36.653 % | |
| Return On Equity IPRWA | high: 0.11 median: 0.074 mean: 0.067 LSTR: 0.03 low: -0.25 |
|
| DuPont ROE | 2.843 % | |
| Return On Invested Capital (ROIC) | 2.737 % | |
| Return On Invested Capital QoQ | -34.973 % | |
| Return On Invested Capital YoY | -132.614 % | |
| Return On Invested Capital IPRWA | high: 8.168 % median: 4.936 % mean: 3.943 % LSTR: 2.737 % low: -6.797 % |
|