Landstar System Inc. Common Stock (LSTR)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses earning high returns on capital and selling at a sensible price. Landstar is a transportation manager. The filed numbers show a fading profit trend: in fiscal 2023, the year ended 2023-12-30, revenue was $5.3B, net income $264.4M, and diluted EPS $7.36; in fiscal 2024, the year ended 2024-12-28, revenue was $4.8B, net income $195.9M, and EPS $5.51; in fiscal 2025, the year ended 2025-12-27, revenue was $4.7B, net income $115.0M, and EPS $3.31. There was a rebound in fiscal Q1 2026, the quarter ended 2026-03-28: revenue $1.2B, net income $39.4M, EPS $1.16, versus fiscal Q1 2025, the quarter ended 2025-03-29: revenue $1.2B, net income $29.8M, EPS $0.85. That is encouraging, but one quarter does not erase a multi-year decline. The balance sheet is conservative: D/E 0.17 and Altman Z-Score 7.45. ROE is 14.98%, but ROCE is 7.33%, and FairStock's Piotroski F-Score is 3/9. At the 2026-10-13 close of $167.03, FairStock calculates P/E 43.38, P/B 6.77, FCF yield 3.1%, PEG 2.57, and EV/EBITDA 23.11. Its Graham Number is $46.22, a margin of safety of -261.38%. FairStock also classifies it as a SLOW GROWER — Shrinking, with profit down 9.8% a year over five years. I would need a lower price or clear evidence of durable profit recovery to call this a value opportunity.

In plain English: Landstar helps move freight by arranging transportation services. Its business has weakened over the past few years, with profits falling from earlier highs, though the most recent reported quarter showed some improvement. The stock price looks expensive compared with what the company earns, its assets, and the cash it generates.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-28) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · fiscal Q1 2025 10-Q (period ended 2025-03-29) · FY2025 10-K (period ended 2025-12-27) · FY2024 10-K (period ended 2024-12-28) · FY2023 10-K (period ended 2023-12-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer