LANDSTAR SYSTEM, INC. (LSTR) FY2026 YTD Q2 P&L / Income Statement

Revenue by Product and Service by Sales Channel

2025-12-28 to 2026-06-27

Swipe to see the full flow
LANDSTAR SYSTEM, INC. (LSTR) FY2026 YTD Q2 P&L / Income StatementIncome statement for 2025-12-28 through 2026-06-27. View: Product and Service by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETVan Equipment - BCO Independent Contractor Truck and Brokerage Carriers TruckUnsided/Platform Equipment - BCO Independent Contractor Truck and Brokerage Carriers TruckUndisclosed (calculated)Less than Truckload - BCO Independent Contractor Truck and Brokerage Carriers TruckOther Truck Transportation - BCO Independent Contractor Truck and Brokerage Carriers TruckRevenueOperating incomeOperating costs, net of other operating income (calculated)Purchased transportationCommissions to agentsSelling, general and administrativeInsurance and claimsDepreciation and amortizationInvestment incomeOther operating costs, net of gains on asset sales/dispositionsIncome before income taxesOther income (expense), net (calculated)Net incomeIncome taxesRevenueRevenue$2.60 BOperating incomeOperating income$119.46 MIncome before income taxesPretax income$118.13 MNet incomeNet income$88.39 MOperating costs, net of other operating income (calculated)Operating costs,net (calculated)$2.48 BVan Equipment - BCO Independent Contractor Truck and Brokerage Carriers TruckVan Equipment - BCOIndependent Contractor Truckand Brokerage Carriers Truck$1.32 BIncome taxesIncome taxes$29.74 MOther income (expense), net (calculated)Other income,net (calculated)−$1.33 MUnsided/Platform Equipment - BCO Independent Contractor Truck and Brokerage Carriers TruckUnsided/Platform Equipment - BCOIndependent Contractor Truckand Brokerage Carriers Truck$860.74 MPurchased transportationPurchased transportation$2.03 BUndisclosed (calculated)Undisclosed (calculated)$187.40 MCommissions to agentsCommissions to agents$201.58 MLess than Truckload - BCO Independent Contractor Truck and Brokerage Carriers TruckLess than Truckload - BCOIndependent Contractor Truckand Brokerage Carriers Truck$48.91 MSelling, general and administrativeSelling, general and administrative$129.16 MOther Truck Transportation - BCO Independent Contractor Truck and Brokerage Carriers TruckOther Truck Transportation - BCOIndependent Contractor Truckand Brokerage Carriers Truck$185.59 MInsurance and claimsInsurance and claims$74.92 MDepreciation and amortizationDepreciation and amortization$20.97 MInvestment incomeInvestment income−$5.68 MOther operating costs, net of gains on asset sales/dispositionsOther operating costs, net ofgains on asset sales/dispositions$32.75 M
Chart details

LANDSTAR SYSTEM, INC. (LSTR) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2025-12-28 through 2026-06-27. View: Product and Service by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue
2,603,555,000 US dollars
Operating costs, net of other operating income (calculated)
2,484,091,000 US dollars
Operating income
119,464,000 US dollars
Other income (expense), net (calculated)
negative 1,330,000 US dollars
Income before income taxes
118,134,000 US dollars
Income taxes
29,743,000 US dollars
Net income
88,391,000 US dollars
Less than Truckload - BCO Independent Contractor Truck and Brokerage Carriers Truck
48,912,000 US dollars
Other Truck Transportation - BCO Independent Contractor Truck and Brokerage Carriers Truck
185,591,000 US dollars
Unsided/Platform Equipment - BCO Independent Contractor Truck and Brokerage Carriers Truck
860,737,000 US dollars
Van Equipment - BCO Independent Contractor Truck and Brokerage Carriers Truck
1,320,919,000 US dollars
Undisclosed (calculated)
187,396,000 US dollars
Purchased transportation
2,030,397,000 US dollars
Commissions to agents
201,578,000 US dollars
Other operating costs, net of gains on asset sales/dispositions
32,745,000 US dollars
Insurance and claims
74,923,000 US dollars
Selling, general and administrative
129,158,000 US dollars
Depreciation and amortization
20,969,000 US dollars
Investment income
negative 5,679,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
LANDSTAR SYSTEM, INC. (LSTR) FY2026 YTD Q2 P&L / Income Statement Sankey chart, Product and service — Product and Service by Contract with Customer, Sales Channel view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

4.6%

Operating profit / revenue

Cash conversion

31.5%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!