Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.17B | $3.65B | $4.62B | $4.08B | $4.13B | $6.54B | $7.44B | $5.30B | $4.82B | $4.74B |
| Revenue growth | — | 15.1% | 26.6% | -11.5% | 1.2% | 58.2% | 13.8% | -28.7% | -9.1% | -1.6% |
| Operating income | $223M | $244M | $332M | $299M | $253M | $506M | $571M | $344M | $249M | $152M |
| Operating margin | 7.0% | 6.7% | 7.2% | 7.3% | 6.1% | 7.7% | 7.7% | 6.5% | 5.2% | 3.2% |
| Net income | $137M | $177M | $255M | $228M | $192M | $382M | $431M | $264M | $196M | $115M |
| Net margin | 4.3% | 4.9% | 5.5% | 5.6% | 4.6% | 5.8% | 5.8% | 5.0% | 4.1% | 2.4% |
| EPS (diluted) | $3.25 | $4.21 | $6.18 | $5.72 | $4.98 | $9.98 | $11.76 | $7.36 | $5.51 | $3.31 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $190M | $139M | $298M | $308M | $211M | $277M | $623M | $394M | $287M | $225M |
| Capital expenditures | $22.6M | $15.6M | $9.75M | $19.4M | $30.6M | $23.3M | $26.0M | $25.7M | $31.0M | $9.88M |
| Free cash flow | $168M | $123M | $288M | $288M | $180M | $253M | $597M | $368M | $256M | $215M |
| Share buybacks | $50.5M | $0.00 | $208M | $88.6M | $116M | $123M | $286M | $53.9M | $81.4M | $180M |
| Dividends paid | $14.3M | $15.9M | $88.9M | $27.9M | $110M | $112M | $116M | $117M | $120M | $125M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $179M | $242M | $200M | $320M | $249M | $216M | $340M | $481M | $515M | $397M |
| Total assets | $1.10B | $1.35B | $1.38B | $1.43B | $1.65B | $2.05B | $1.93B | $1.80B | $1.81B | $1.64B |
| Long-term debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shareholders' equity | $543M | $651M | $687M | $721M | $692M | $862M | $887M | $984M | $972M | $796M |
| Retained earnings | $1.51B | $1.61B | $1.84B | $1.96B | $2.05B | $2.32B | $2.64B | $2.78B | $2.86B | $2.85B |
| Shares (wtd avg diluted) | 42.2M | 42.0M | 41.3M | 39.8M | 38.6M | 38.2M | 36.6M | 35.9M | 35.5M | 34.7M |
Every figure is extracted from LANDSTAR SYSTEM INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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