Recent News
On April 2, 2026 the company announced a change in legal leadership, naming an interim general counsel after the prior general counsel departed. On April 28, 2026 Landstar reported first-quarter 2026 results, citing revenue of $1.171 billion and diluted EPS of $1.16, and noting a strong cash-and-short-term-investments position of about $411 million.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 29.32 signals a strong trend environment; DI+ shows a dip-and-reversal (DI+ increasing), supplying bullish directional pressure, while DI- also shows a dip-and-reversal (DI- increasing), which exerts bearish counterpressure. Together, the directional picture implies competing forces that support short-term consolidation rather than a clean breakout, which aligns with the view of stabilization in the intro.
MACD: MACD sits at 6.02 with the MACD signal at 5.50, so MACD remains above its signal line (a bullish signal). However, the MACD trend registers a peak-and-reversal, which indicates waning bullish momentum and raises the probability of a near-term momentum cooling that could check upside relative to the WMDST valuation.
MRO (Momentum/Regression Oscillator): MRO reads 7.61 and remains positive, indicating price sits above WMDST’s target and carries an elevated probability of a reversion down toward valuation-aligned levels; this reinforces the MACD signal that momentum has likely peaked.
RSI and price context: RSI at 63.34 with a peak-and-reversal trend signals reduced upward momentum from recent highs. Price trades at $181.56, above the 12-day EMA ($178.80, increasing), above the 20-day average ($177.55), the 50-day average ($162.37) and the 200-day average ($141.64), so moving-average structure remains bullish even as momentum indicators show exhaustion—consistent with a consolidation regime close to near-term resistance around the upper Bollinger band (~$183.70).
Support, volatility, and volume: The super trend lower support sits near $177.49; the 20-day standard deviation at $6.15 keeps the 1x upper band near $183.70. Ten-day average volume slightly exceeds recent sessions, but current session volume (~483k) tracks below the 10-day average (~507k), signaling limited conviction on intraday moves and supporting a stabilization outlook rather than directional expansion.
Fundamental Analysis
Profitability and margins: Operating (EBIT) margin measures 4.29% (operating income $50,262,000 on revenue $1,171,291,000). That margin improved QoQ by 76.512% and improved YoY by 38.063% as reported. Compared with the industry peer mean operating margin of 32.305% and median of 40.078%, Landstar’s operating margin sits below the industry peer mean and median, reflecting lower margin capture relative to peers despite recent improvement.
Earnings and cash generation: Reported EPS was $1.16 versus an estimate of $1.12, producing an EPS surprise of +3.57%. Operating cash flow equals $78,211,000 and free cash flow equals $72,397,000, yielding a free-cash-flow yield of 1.33% and a cash-flow-to-earnings multiple of ~1.40, indicating cash generation roughly in line with earnings and a solid absolute cash conversion profile.
Liquidity and balance sheet: Cash and short-term investments total $410,952,000; current ratio stands at 1.88 and the cash ratio at 0.65, supporting near-term obligations. Debt metrics show low leverage: debt-to-assets at 7.72% and debt-to-equity at 15.48%, both well below the industry peer mean debt-to-assets of 40.304% and peer mean debt-to-equity of 136.993%, indicating a conservative capital structure relative to peers.
Returns: Return on equity equals 4.94% and return on assets equals 2.44%; both improved QoQ and YoY but remain below the industry peer mean return on equity of 6.376%, suggesting returns that improved but still lag peer averages.
Revenue trends: The company reported total revenue of $1,171,291,000. Reported quarter-over-quarter revenue change shows a decline of 89.443% QoQ and revenue change year-over-year of -94.233% YoY per the provided metrics; overall trailing revenue growth logged -0.271% (a small negative). These reported QoQ and YoY figures indicate a large sequential and annual swing in the provided growth metrics that require careful reconciliation on company disclosures.
Valuation: Price multiples sit at a trailing P/E of 138.04x and P/B of 6.80x, with forward P/E about 85.77x. WMDST values the stock as over-valued. Relative to the industry peer mean P/B of 4.568, Landstar’s P/B sits above the peer mean while trailing and forward P/E metrics also sit below some peer mean ranges but remain elevated in absolute terms versus typical transport/logistics comparables; that premium, combined with positive cash balances and low leverage, underpins the WMDST over-valued designation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-28 |
| NEXT REPORT DATE: | 2026-07-28 |
| CASH FLOW | Begin Period Cash Flow | $ 396.7 M |
| Operating Cash Flow | $ 78.2 M | |
| Capital Expenditures | $ -5.81 M | |
| Change In Working Capital | $ 25.6 M | |
| Dividends Paid | $ -81.73 M | |
| Cash Flow Delta | $ -43.44 M | |
| End Period Cash Flow | $ 353.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.2 B | |
| Forward Revenue | $ 441.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.0 B | |
| Depreciation | $ 10.6 M | |
| Depreciation and Amortization | $ 10.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 161.6 M | |
| EBITDA | $ 60.8 M | |
| EBIT | $ 50.3 M | |
| Operating Income | $ 50.3 M | |
| Interest Income | $ -518.00 K | |
| Interest Expense | — | |
| Net Interest Income | $ -518.00 K | |
| Income Before Tax | $ 52.7 M | |
| Tax Provision | $ 13.3 M | |
| Tax Rate | 25.187 % | |
| Net Income | $ 39.4 M | |
| Net Income From Continuing Operations | $ 39.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.12 | |
| EPS Actual | $ 1.16 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 3.571 % | |
| Forward EPS | $ 1.75 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 34.0 M | |
| Net Tangible Assets | $ 765.0 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 411.0 M | |
| Cash | $ 353.3 M | |
| Net Receivables | $ 692.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 128.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 396.7 M | |
| Short-Term Debt | $ 54.4 M | |
| Total Current Liabilities | $ 630.7 M | |
| Net Debt | — | |
| Total Debt | $ 123.7 M | |
| Total Liabilities | $ 803.2 M | |
| EQUITY | ||
| Total Equity | $ 799.0 M | |
| Retained Earnings | $ 2.9 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.55 | |
| Shares Outstanding | 33.928 M | |
| Revenue Per-Share | $ 34.52 | |
| VALUATION | Market Capitalization | $ 5.4 B |
| Enterprise Value | $ 5.1 B | |
| Enterprise Multiple | 84.598 | |
| Enterprise Multiple QoQ | -27.002 % | |
| Enterprise Multiple YoY | -15.111 % | |
| Enterprise Multiple IPRWA | high: 87.45 LSTR: 84.598 median: 55.129 mean: -41.898 low: -928.252 |
|
| EV/R | 4.393 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.005 | |
| Asset To Liability | 1.995 | |
| Debt To Capital | 0.134 | |
| Debt To Assets | 0.077 | |
| Debt To Assets QoQ | -5.368 % | |
| Debt To Assets YoY | -13.577 % | |
| Debt To Assets IPRWA | high: 0.676 median: 0.437 mean: 0.403 low: 0.223 LSTR: 0.077 |
|
| Debt To Equity | 0.155 | |
| Debt To Equity QoQ | -7.708 % | |
| Debt To Equity YoY | -6.016 % | |
| Debt To Equity IPRWA | high: 5.157 median: 1.424 mean: 1.37 low: 0.377 LSTR: 0.155 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.8 | |
| Price To Book QoQ | 11.663 % | |
| Price To Book YoY | 23.889 % | |
| Price To Book IPRWA | high: 12.508 LSTR: 6.8 median: 4.929 mean: 4.568 low: -1.979 |
|
| Price To Earnings (P/E) | 138.036 | |
| Price To Earnings QoQ | -27.225 % | |
| Price To Earnings YoY | -19.734 % | |
| Price To Earnings IPRWA | high: 316.07 mean: 165.921 LSTR: 138.036 median: 81.604 low: 64.563 |
|
| PE/G Ratio | 2.101 | |
| Price To Sales (P/S) | 4.638 | |
| Price To Sales QoQ | 12.431 % | |
| Price To Sales YoY | 4.643 % | |
| Price To Sales IPRWA | high: 23.504 median: 19.499 mean: 15.617 LSTR: 4.638 low: 0.58 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 85.769 | |
| Forward PE/G | 1.305 | |
| Forward P/S | 12.31 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -280.98 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.723 | |
| Asset Turnover Ratio QoQ | 1.578 % | |
| Asset Turnover Ratio YoY | 10.775 % | |
| Asset Turnover Ratio IPRWA | LSTR: 0.723 high: 0.256 mean: 0.104 median: 0.089 low: 0.031 |
|
| Receivables Turnover | 1.72 | |
| Receivables Turnover Ratio QoQ | 0.02 % | |
| Receivables Turnover Ratio YoY | 3.485 % | |
| Receivables Turnover Ratio IPRWA | high: 6.815 mean: 3.477 median: 3.295 LSTR: 1.72 low: 1.376 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.06 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 18.751 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -12.735 % | |
| Cash Conversion Cycle Days IPRWA | high: 72.547 median: 26.599 LSTR: 18.751 mean: 11.909 low: -47.26 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.119 | |
| CapEx To Revenue | -0.005 | |
| CapEx To Depreciation | -0.551 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 799.0 M | |
| Net Invested Capital | $ 853.4 M | |
| Invested Capital | $ 853.4 M | |
| Net Tangible Assets | $ 765.0 M | |
| Net Working Capital | $ 552.9 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.652 | |
| Current Ratio | 1.877 | |
| Current Ratio QoQ | 7.356 % | |
| Current Ratio YoY | -7.455 % | |
| Current Ratio IPRWA | high: 2.096 LSTR: 1.877 mean: 0.93 median: 0.916 low: 0.418 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.034 | |
| Cost Of Debt | 0.68 % | |
| Interest Coverage Ratio | 42.996 | |
| Interest Coverage Ratio QoQ | 76.031 % | |
| Interest Coverage Ratio YoY | 40.314 % | |
| Interest Coverage Ratio IPRWA | LSTR: 42.996 high: 7.966 median: 5.991 mean: 5.703 low: -1.35 |
|
| Operating Cash Flow Ratio | 0.088 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 34.309 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.483 | |
| Dividend Payout Ratio | 2.072 | |
| Dividend Rate | $ 2.41 | |
| Dividend Yield | 0.015 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.062 % | |
| Revenue Growth | -0.271 % | |
| Revenue Growth QoQ | -89.443 % | |
| Revenue Growth YoY | -94.233 % | |
| Revenue Growth IPRWA | high: 2.169 % mean: 0.274 % median: -0.115 % LSTR: -0.271 % low: -1.904 % |
|
| Earnings Growth | 65.714 % | |
| Earnings Growth QoQ | -270.575 % | |
| Earnings Growth YoY | -287.139 % | |
| Earnings Growth IPRWA | LSTR: 65.714 % high: 14.773 % mean: 3.443 % median: -55.042 % low: -188.889 % |
|
| MARGINS | ||
| Gross Margin | 13.796 % | |
| Gross Margin QoQ | 4.192 % | |
| Gross Margin YoY | 6.648 % | |
| Gross Margin IPRWA | high: 55.318 % median: 40.26 % mean: 38.035 % LSTR: 13.796 % low: -0.26 % |
|
| EBIT Margin | 4.291 % | |
| EBIT Margin QoQ | 76.512 % | |
| EBIT Margin YoY | 38.063 % | |
| EBIT Margin IPRWA | high: 47.784 % median: 40.078 % mean: 32.305 % LSTR: 4.291 % low: -8.616 % |
|
| Return On Sales (ROS) | 4.291 % | |
| Return On Sales QoQ | 76.512 % | |
| Return On Sales YoY | 38.063 % | |
| Return On Sales IPRWA | high: 46.256 % median: 35.985 % mean: 31.546 % LSTR: 4.291 % low: -10.0 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 72.4 M | |
| Free Cash Flow Yield | 1.333 % | |
| Free Cash Flow Yield QoQ | -8.385 % | |
| Free Cash Flow Yield YoY | 26.591 % | |
| Free Cash Flow Yield IPRWA | high: 4.59 % mean: 1.594 % LSTR: 1.333 % median: 1.029 % low: -2.37 % |
|
| Free Cash Growth | 2.682 % | |
| Free Cash Growth QoQ | -114.853 % | |
| Free Cash Growth YoY | -349.721 % | |
| Free Cash Growth IPRWA | high: 22.594 % LSTR: 2.682 % median: -17.234 % mean: -69.756 % low: -617.715 % |
|
| Free Cash To Net Income | 1.836 | |
| Cash Flow Margin | 4.713 % | |
| Cash Flow To Earnings | 1.4 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.436 % | |
| Return On Assets QoQ | 67.769 % | |
| Return On Assets YoY | 44.227 % | |
| Return On Assets IPRWA | high: 3.511 % LSTR: 2.436 % median: 1.836 % mean: 1.783 % low: -1.923 % |
|
| Return On Capital Employed (ROCE) | 5.174 % | |
| Return On Equity (ROE) | 0.049 | |
| Return On Equity QoQ | 64.041 % | |
| Return On Equity YoY | 54.154 % | |
| Return On Equity IPRWA | high: 0.129 mean: 0.064 median: 0.059 LSTR: 0.049 low: -0.014 |
|
| DuPont ROE | 4.946 % | |
| Return On Invested Capital (ROIC) | 4.406 % | |
| Return On Invested Capital QoQ | 60.979 % | |
| Return On Invested Capital YoY | 61.688 % | |
| Return On Invested Capital IPRWA | LSTR: 4.406 % high: 3.885 % median: 2.813 % mean: 2.386 % low: -1.789 % |
|