Landstar System, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B | $4.13B | $4.08B | $4.62B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $230.5M | $217.7M | $211.8M | $221.3M | $221.3M | $167.6M | $159.0M | $188.2M |
| Operating Income | $151.6M | $248.9M | $344.1M | $571.1M | $505.7M | $253.0M | $298.9M | $331.7M |
| Operating Margin | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% | 6.1% | 7.3% | 7.2% |
| Interest Expense | $5.6M | $4.1M | $3.9M | $4.5M | — | — | — | — |
| Pretax Income | $150.6M | $254.3M | $348.1M | $567.5M | $501.7M | $249.0M | $295.8M | $328.4M |
| Income Tax Expense | $35.6M | $58.4M | $83.7M | $136.5M | $120.2M | $56.9M | $68.1M | $73.2M |
| Net Income | $115.0M | $195.9M | $264.4M | $430.9M | $381.5M | $192.1M | $227.7M | $255.3M |
| Net Margin | 2.4% | 4.1% | 5.0% | 5.8% | 5.8% | 4.6% | 5.6% | 5.5% |
| EPS (Basic) | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.19 |
| EPS (Diluted) | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.18 |
| Shares Outstanding (Basic) | 34.7M | 35.5M | 35.9M | 36.6M | 38.2M | 38.6M | 39.8M | 41.3M |
| Shares Outstanding (Diluted) | 34.7M | 35.5M | 35.9M | 36.6M | 38.2M | 38.6M | 39.8M | 41.3M |
| Dividends Per Share | $3.56 | $3.38 | $3.26 | $3.10 | $2.92 | $2.79 | $2.70 | $0.63 |