Recent News
On April 2, 2026 Landstar announced the resignation of its Vice President, General Counsel and Secretary, Michael K. Kneller, effective May 8, 2026, and named Vallie S. Dugas as interim general counsel. On May 5, 2026 the company held its 2026 Annual Meeting; shareholders re-elected nine directors and ratified KPMG LLP as auditor. On May 19, 2026 Landstar issued a corporate statement reacting to a recent U.S. Supreme Court decision, reiterating business risks and operational exposures.
Technical Analysis
Directional indicators signal emerging trend strength but directional conflict: ADX at 20.64 indicates an emerging trend rather than a strong directional move, while DI+ (23.03) trends downward and DI− (20.06) trends upward; that combination creates near-term directional pressure to the downside and reduces conviction for sustained upside.
Momentum via MACD shows weakening momentum: MACD at 3.67 sits below the signal line at 5.99 and the MACD trend declines, a bearish momentum configuration that cautions against immediate strength unless MACD crosses above its signal line.
MRO reads 6.01 and trends lower; because MRO sits positive, price currently sits above the model target and carries a tendency to retract toward target levels, implying a higher risk of short-term price pullback than of a continuation rally.
RSI at 63.27 and falling indicates above-average buying pressure that has started to wane; oscillators no longer show overbought extremes but show momentum erosion, consistent with short-term consolidation risk.
Price versus moving averages: the close at $206.81 sits below the 20‑day average ($212.76) and the 12‑day EMA ($210.12, decreasing), signaling short-term softness, while the close remains above the 50‑day ($196.61) and 200‑day ($155.53) averages, which preserves the intermediate/longer-term uptrend context. Bollinger upper/lower bands (~$220/$205) and average volumes near the 10–50 day averages suggest compressed volatility and a propensity to range until one of the momentum indicators reasserts direction.
Fundamental Analysis
Profitability: operating (EBIT) margin stands at 4.29%. That margin rose sharply QoQ (+76.51%) and improved YoY (+38.06%), indicating operating leverage working through the business. Compared with the industry peer mean (18.826%) and median (8.445%), the company’s EBIT margin sits below both benchmarks but remains inside the industry peer range from -2.807% to 35.317%.
Revenue and earnings: reported revenue totaled $1,171,291,000 and GAAP EPS of $1.16 for the quarter; EPS beat the estimate of $1.12 by $0.04, a 3.57% surprise. Despite the EPS beat, the provided revenue-growth metrics show contraction on the provided QoQ and YoY measures (revenue growth QoQ -89.44%, YoY -94.23%), and an overall revenue growth figure of -0.27%; those figures indicate material timing or classification effects in the growth series that merit reconciliation in subsequent reports.
Cash and capital structure: cash and short-term investments total $410,952,000 with operating cash flow of $78,211,000 and free cash flow of $72,397,000, producing a free cash flow yield of 1.33%, which sits above the industry peer mean of 1.00% for the provided peer set. Total debt remains modest at $123,698,000, debt to assets at 7.72% (below the industry peer mean of 22.933%), and interest coverage near 43x, indicating strong capacity to service debt.
Valuation metrics: price-to-book at 6.80 sits above the industry peer mean of 5.10 and median of 4.64, reflecting premium valuation of the company’s equity base. Price-to-earnings at 138.04 significantly exceeds the industry peer mean (56.23) and median (64.56); forward P/E near 85.77 compresses relative to current P/E but still reflects elevated expectations. WMDST values the stock as over-valued given stretched earnings multiples versus fundamentals and the premium in P/B and P/E metrics.
Other operating metrics: return on equity at 4.94% and return on assets at 2.44% improved materially QoQ and YoY (ROE QoQ +64.04%, ROE YoY +54.15%), reflecting better margin conversion and cash generation. Asset turnover sits at 0.72 and shows modest YoY improvement. The dividend yield registers near 1.50% with a dividend payout ratio above 200%, which reflects the company’s capital allocation choices and sizable dividend relative to earnings.
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 | $ 447.0 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 | 25.2 % | |
| 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 | $ 1.77 | |
| 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: 165.912 mean: 98.116 median: 87.45 LSTR: 84.598 low: -14.548 |
|
| 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: 0.798 mean: 0.229 median: 0.223 LSTR: 0.077 low: 0.001 |
|
| Debt To Equity | 0.155 | |
| Debt To Equity QoQ | -7.708 % | |
| Debt To Equity YoY | -6.016 % | |
| Debt To Equity IPRWA | high: 3.05 mean: 0.869 median: 0.463 LSTR: 0.155 low: 0.001 |
|
| 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 mean: 5.103 median: 4.642 low: 0.301 |
|
| 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 LSTR: 138.036 median: 64.563 mean: 56.225 low: -182.473 |
|
| 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: 14.072 LSTR: 4.638 mean: 4.443 median: 4.151 low: 0.489 |
|
| 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 | high: 0.78 LSTR: 0.723 median: 0.256 mean: 0.219 low: 0.019 |
|
| Receivables Turnover | 1.72 | |
| Receivables Turnover Ratio QoQ | 0.02 % | |
| Receivables Turnover Ratio YoY | 3.485 % | |
| Receivables Turnover Ratio IPRWA | high: 4.189 median: 2.003 mean: 1.895 LSTR: 1.72 low: 1.167 |
|
| 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: 101.483 LSTR: 18.751 mean: 8.078 median: -0.59 low: -102.138 |
|
| 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 | LSTR: 1.877 high: 1.849 median: 1.474 mean: 1.345 low: 0.678 |
|
| 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 | high: 54.46 LSTR: 42.996 mean: 12.614 median: 5.226 low: -4.444 |
|
| 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: 4.227 % LSTR: -0.271 % mean: -6.809 % median: -10.782 % low: -13.387 % |
|
| Earnings Growth | 65.714 % | |
| Earnings Growth QoQ | -270.575 % | |
| Earnings Growth YoY | -287.139 % | |
| Earnings Growth IPRWA | LSTR: 65.714 % high: 35.135 % median: 13.861 % mean: -3.41 % low: -188.889 % |
|
| MARGINS | ||
| Gross Margin | 13.796 % | |
| Gross Margin QoQ | 4.192 % | |
| Gross Margin YoY | 6.648 % | |
| Gross Margin IPRWA | high: 24.357 % mean: 16.796 % median: 15.843 % LSTR: 13.796 % low: 5.035 % |
|
| EBIT Margin | 4.291 % | |
| EBIT Margin QoQ | 76.512 % | |
| EBIT Margin YoY | 38.063 % | |
| EBIT Margin IPRWA | high: 35.317 % mean: 18.826 % median: 8.445 % LSTR: 4.291 % low: -2.807 % |
|
| Return On Sales (ROS) | 4.291 % | |
| Return On Sales QoQ | 76.512 % | |
| Return On Sales YoY | 38.063 % | |
| Return On Sales IPRWA | high: 18.776 % mean: 7.334 % median: 6.729 % LSTR: 4.291 % low: -11.387 % |
|
| 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: 5.806 % LSTR: 1.333 % mean: 0.999 % median: 0.843 % low: -4.449 % |
|
| Free Cash Growth | 2.682 % | |
| Free Cash Growth QoQ | -114.853 % | |
| Free Cash Growth YoY | -349.721 % | |
| Free Cash Growth IPRWA | high: 166.667 % LSTR: 2.682 % mean: -51.81 % median: -53.867 % low: -250.914 % |
|
| 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: 4.746 % LSTR: 2.436 % median: 2.223 % mean: 1.821 % low: -1.268 % |
|
| 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: 0.101 LSTR: 0.049 mean: 0.04 median: 0.035 low: -0.173 |
|
| 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 | high: 9.693 % LSTR: 4.406 % mean: 2.701 % median: 2.452 % low: -1.502 % |
|