Landstar System, Inc. delivers comprehensive logistics and transportation solutions, operating across North America (U.S., Canada, and Mexico) and globally. The company's operations ...
Landstar System, Inc. (NASDAQ: LSTR) is a global, non-asset-based provider of integrated logistics and transportation solutions, headquartered in Jacksonville, Florida. Founded in 1968, the company operates through a network of independent sales agents and third-party capacity providers, including owner-operators, to deliver safe, secure, and reliable services. The company's business is ...Landstar System, Inc. (NASDAQ: LSTR) is a global, non-asset-based provider of integrated logistics and transportation solutions, headquartered in Jacksonville, Florida. Founded in 1968, the company operates through a network of independent sales agents and third-party capacity providers, including owner-operators, to deliver safe, secure, and reliable services. The company's business is divided into two main segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a comprehensive suite of freight services, including full truckload (TL) and less-than-truckload (LTL), intermodal rail via contracts with domestic and Canadian railroads, air and ocean cargo through international carriers, expedited time-critical deliveries, heavy-haul and specialized transport, cross-border services between U.S., Canada, and Mexico, and customs brokerage. It also serves other logistics providers such as 3PLs and small parcel carriers. The fleet includes dry vans, flatbeds, temperature-controlled units, and containers. The Insurance segment reinsures risks associated with independent contractors. Landstar serves diverse industries: automotive, consumer goods, building materials, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment. Key financials as of the latest TTM: market cap ~$6.2B, revenue per share $146.9, net margin 2.6%, current ratio 1.83, and debt-to-equity 0.17. The company maintains a strong balance sheet with negative net debt to EBITDA, reflecting its asset-light model and disciplined capital allocation. With 1,378 full-time employees, Landstar leverages its technology-enabled platform and a broad network of 100,000+ capacity providers to offer scalable and flexible solutions. The CEO is Frank A. Lonegro, who leads a team focused on strategic growth, operational efficiency, and safety. The company is committed to shareholder returns, paying a quarterly dividend (yield around 2%) and maintaining a payout ratio of ~93%. Landstar's unique business model, independent agents, and safety-first culture have made it a resilient player in the logistics industry, with a strong reputation for reliability and customer service.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$4.7B
-1.9%
+22.3%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$115.0M
-41.3%
+24.1%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+13.1%
-35.0%
-41.5%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+3.6%
-30.4%
-2.4%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+2.4%
-40.2%
+1.5%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$215.0M
-15.9%
-173.6%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+4.5%
-14.3%
-160.2%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
16.8%
-0.1%
+406.8%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
1.75x
-10.8%
-2.8%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Good afternoon, and welcome to Landstar System, Inc. Second Quarter Earnings Release Conference Call. Today's call is being recorded. If you have any objections, you may disconnect at this time. Joining us today from Landstar are Frank Lonegro, President and CEO; Jim Applegate, Vice President and Chief Corporate Sales, Strategy and Specialized Freight Officer; Jim Todd, Vice President and CFO; Matt Miller, Vice President and Chief Safety and Operations Officer. Now I'd like to turn the call over to Mr. Jim Todd. Sir, you may begin.
James Todd: Thanks, Arlene. Good afternoon, and welcome to Landstar's 2026 Second Quarter Earnings Conference Call. Before we begin, let me read the following statement. The following is a safe harbor statement under the Private Securities Litigation Reform Act of 1995. Statements made during this conference call that are not based on historical facts are forward-looking statements. During this conference call, we may make statements that contain forward-looking information that relate to Landstar's business objectives, plans, strategies, expectations, such information is, by nature, subject to uncertainties and risks, including, but not limited to, the operational, financial and legal risks detailed in Landstar's Form 10-K for the 2025 fiscal year described in the section Risk Factors and our other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking information, and Landstar undertakes no obligation to publicly update or revise any forward-looking information. I'll now pass it to Landstar CEO, Frank Lonegro, for his opening remarks.
Frank Lonegro: Thanks, JT, and good afternoon, everyone. I'd like to thank our BCOs and agents and all of the Landstar employees who support them every day. It was great to spend time with our Million Mile Safe Drivers and Roadstar honorees at our annual BCO All-Star event earlier this month in Orlando and to celebrate their incredible safety accomplishments. It was my honor to preside over Landstar's 53rd truck giveaway, awarding One Million Mile Safe Driver and Roadstar honoree German Burgueno, from Hallsville, Texas, with a new 2027 Peterbilt 579, the capability, resiliency and level of commitment exhibited day in and day out by our network of independent business owners is unique in the freight transportation industry. Their dedication to safety, security and service is one of the pillars of success at Landstar. They are exceptional business leaders and key to driving the continued success of Landstar's business model. I was very pleased with our revenue and variable contribution performance during the 2026 second quarter, but the quarter was not without challenges that required our focus and attention. We have a challenging insurance and claims quarter with approximately $10.5 million of net …