Landstar System, Inc. (LSTR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.18B | 1.22B | 1.25B | 1.24B | 1.24B | 1.32B | 1.31B | 1.32B | 1.31B | 1.35B | 1.4B | 1.37B | 1.35B | 1.44B | 1.48B | 1.51B | 1.54B | 1.52B | 1.41B | 1.23B |
| Cash & Short-Term Investments | 410.95M | 452.23M | 434.42M | 426.17M | 473.44M | 566.64M | 531.28M | 504.02M | 530.45M | 540.7M | 496.76M | 419.1M | 388.15M | 393.54M | 228.43M | 119.77M | 181.7M | 251.3M | 267.21M | 238.96M |
| Cash Only | 353.25M | 396.69M | 375.19M | 359.24M | 417.42M | 515.02M | 468.83M | 438.06M | 467.67M | 481.04M | 439.66M | 360.53M | 340.99M | 339.58M | 177.8M | 78.22M | 147.41M | 215.52M | 230.56M | 186.4M |
| Short-Term Investments | 57.7M | 55.53M | 59.23M | 66.94M | 56.02M | 51.62M | 62.45M | 65.96M | 62.78M | 59.66M | 57.1M | 58.57M | 47.17M | 53.95M | 50.64M | 41.55M | 34.29M | 35.78M | 36.64M | 52.56M |
| Accounts Receivable | 692.02M | 722.92M | 752.42M | 717.25M | 751.61M | 731M | 746.17M | 766.6M | 723.84M | 787.1M | 867.86M | 912.92M | 899.81M | 1.02B | 1.13B | 1.22B | 1.35B | 1.26B | 1.01B | 902.95M |
| Days Sales Outstanding | 54.96 | 57.16 | 55.48 | 55 | 58.35 | 55.4 | 56.52 | 55.19 | 57.89 | 63.04 | 62.7 | 59.93 | 60.91 | 63.09 | 58.86 | 59.02 | 56.09 | 56.48 | 50.18 | 50.03 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 80.63M | 41.18M | 58.27M | 93.92M | 16.57M | 22.23M | 33.95M | 44.57M | 56.08M | 24.94M | 30.92M | 41.67M | 65.93M | 21.83M | 122.73M | 168.98M | 10.44M | 16.16M | 134.38M | 91.35M |
| Total Non-Current Assets | 418.6M | 419.61M | 417.09M | 462.3M | 474.56M | 493.44M | 445.86M | 440.02M | 435.47M | 449.11M | 456.99M | 464.08M | 483.97M | 492.49M | 503.69M | 511.8M | 507.31M | 522.57M | 501.91M | 469.95M |
| Property, Plant & Equipment | 255.74M | 261.32M | 262.47M | 288.35M | 297.52M | 311.35M | 289.25M | 287.25M | 281.04M | 286M | 284.08M | 297.07M | 308.11M | 314.99M | 323.21M | 315.93M | 308.96M | 317.39M | 303.57M | 283.35M |
| Fixed Asset Turnover | 4.53x | 4.48x | 4.38x | 4.15x | 3.80x | 4.04x | 4.22x | 4.32x | 4.14x | 4.24x | 4.45x | 4.55x | 4.61x | 5.25x | 5.69x | 6.32x | 6.29x | 6.27x | 5.91x | 5.48x |
| Goodwill | 34.01M | 34.01M | 34.01M | 41.4M | 40.88M | 40.93M | 41.12M | 41.61M | 42.38M | 42.27M | 41.93M | 42.17M | 41.73M | 41.22M | 41M | 40.98M | 40.95M | 40.77M | 40.98M | 40.97M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 65.6M | 0 | 0 | 0 | 0 | 8.24M | 92.1M | 0 | 0 | 27.21M | 0 | 77.02M | 45.34M | 131.4M | 0 | 66.72M | 54.55M |
| Other Non-Current Assets | 128.85M | 124.28M | 120.62M | 66.95M | 136.16M | 141.17M | 115.49M | 69M | 103.81M | 28.73M | 130.97M | 124.85M | 106.92M | 136.28M | 62.45M | 109.55M | 26.01M | 164.41M | 90.64M | 91.07M |
| Total Assets | 1.6B | 1.64B | 1.66B | 1.7B | 1.72B | 1.81B | 1.76B | 1.76B | 1.75B | 1.8B | 1.85B | 1.84B | 1.84B | 1.93B | 1.99B | 2.02B | 2.05B | 2.05B | 1.91B | 1.7B |
| Asset Turnover | 0.72x | 0.71x | 0.72x | 0.71x | 0.66x | 0.68x | 0.69x | 0.70x | 0.66x | 0.66x | 0.70x | 0.75x | 0.76x | 0.85x | 0.91x | 0.97x | 0.96x | 0.98x | 0.96x | 0.96x |
| Asset Growth % | -6.64% | -9.78% | -5.41% | -3.17% | -1.7% | 0.64% | -5.14% | -4.49% | -5.01% | -6.73% | -6.84% | -8.89% | -10.16% | -5.55% | 3.89% | 18.43% | 29.94% | 23.68% | 37.48% | 33.89% |
| Total Current Liabilities | 630.72M | 695.84M | 619.08M | 619.14M | 612.31M | 673.15M | 592.65M | 605.72M | 589.67M | 675.22M | 670.07M | 692.83M | 741.34M | 878.13M | 941.52M | 977.89M | 950.25M | 1.01B | 847.31M | 720.22M |
| Accounts Payable | 396.65M | 369.57M | 402.75M | 401.85M | 389.59M | 383.63M | 397.91M | 401.54M | 384.27M | 395.98M | 464.72M | 478.69M | 490.3M | 527.37M | 644.05M | 670.53M | 626.34M | 604.13M | 548.38M | 481.71M |
| Days Payables Outstanding | 38.44 | 34.49 | 34.98 | 37.05 | 37.52 | 36.44 | 37.34 | 36.59 | 37.68 | 41.49 | 42.24 | 40.71 | 41.02 | 43.44 | 41.31 | 37.35 | 33.08 | 35.79 | 33.81 | 32.56 |
| Short-Term Debt | 26.12M | 28.34M | 47.99M | 58.14M | 59.36M | 61.03M | 50.75M | 58.36M | 51.67M | 61.54M | 48.07M | 57.22M | 66.19M | 129.13M | 97.69M | 113.6M | 131.94M | 116.48M | 88.96M | 70.55M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 207.94M | 297.93M | 138.91M | 91.21M | 131.34M | 124.75M | 116.33M | 74.45M | 85.53M | 148M | 82.55M | 125.36M | 100.19M | 113.61M | 103.56M | 102.24M | 141.69M | 177.43M | 109.68M | 94.92M |
| Current Ratio | 1.88x | 1.75x | 2.01x | 2.00x | 2.03x | 1.96x | 2.21x | 2.17x | 2.22x | 2.00x | 2.08x | 1.98x | 1.83x | 1.64x | 1.58x | 1.54x | 1.62x | 1.51x | 1.67x | 1.71x |
| Quick Ratio | 1.88x | 1.75x | 2.01x | 2.00x | 2.03x | 1.96x | 2.21x | 2.17x | 2.22x | 2.00x | 2.08x | 1.98x | 1.83x | 1.64x | 1.58x | 1.54x | 1.62x | 1.51x | 1.67x | 1.71x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 172.5M | 144.43M | 154.41M | 158.68M | 173.11M | 167.72M | 148.69M | 148.67M | 138.26M | 142.7M | 139.31M | 151.38M | 160.86M | 166.52M | 173.85M | 182.31M | 239.41M | 173.47M | 167.04M | 152.82M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67.22M | 0 | 0 | 70M | 75.24M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 47.7M | 55.14M | 61.94M | 69.19M | 44.83M | 45.4M | 39.19M | 43.26M | 46.17M | 53.15M | 61.29M | 67.22M | 73.01M | 75.03M | 68.46M | 75.24M | 64.21M | 52.79M |
| Deferred Tax Liabilities | 32.85M | 33.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.03M | 0 | 0 | 0 | 48.72M | 0 | 0 |
| Other Non-Current Liabilities | 139.65M | 111.19M | 106.71M | 103.54M | 111.17M | 98.53M | 103.85M | 103.28M | 99.07M | 99.44M | 93.14M | 98.23M | 99.58M | -8.96M | 100.84M | 107.28M | 100.95M | -25.73M | 102.83M | 100.04M |
| Total Liabilities | 803.22M | 840.27M | 773.49M | 777.82M | 785.42M | 840.87M | 741.34M | 754.39M | 727.93M | 817.92M | 809.37M | 844.2M | 902.21M | 1.04B | 1.12B | 1.16B | 1.19B | 1.18B | 1.01B | 873.04M |
| Total Debt | 26.12M | 28.34M | 125.12M | 144.42M | 153.33M | 163.34M | 123.25M | 131.74M | 118.38M | 132.68M | 123.45M | 141.93M | 162.08M | 299.75M | 208.78M | 226.17M | 270.4M | 303.52M | 188.5M | 154.52M |
| Net Debt | -327.13M | -368.35M | -250.07M | -214.82M | -264.09M | -351.68M | -345.58M | -306.33M | -349.29M | -348.36M | -316.21M | -218.6M | -178.91M | -39.83M | 30.99M | 147.95M | 122.99M | 88M | -42.07M | -31.89M |
| Debt / Equity | 0.03x | 0.04x | 0.14x | 0.16x | 0.16x | 0.17x | 0.12x | 0.13x | 0.12x | 0.13x | 0.12x | 0.14x | 0.17x | 0.34x | 0.24x | 0.26x | 0.32x | 0.35x | 0.21x | 0.19x |
| Debt / EBITDA | 0.41x | 0.73x | 3.31x | 2.11x | 2.97x | 2.32x | 1.57x | 1.60x | 1.60x | 1.50x | 1.30x | 1.38x | 1.39x | 2.15x | 1.41x | 1.37x | 1.53x | 1.88x | 1.31x | 1.15x |
| Net Debt / EBITDA | -5.13x | -9.43x | -6.61x | -3.14x | -5.11x | -4.99x | -4.40x | -3.71x | -4.71x | -3.95x | -3.34x | -2.12x | -1.54x | -0.29x | 0.21x | 0.90x | 0.70x | 0.54x | -0.29x | -0.24x |
| Interest Coverage | 102.77x | 123.13x | 244.87x | 39.11x | 25.57x | - | - | - | - | 52.74x | - | - | - | 355.59x | 127.51x | 136.12x | 144.85x | 147.87x | 136.18x | 126.42x |
| Total Equity | 798.98M | 795.66M | 888.7M | 921.83M | 930.75M | 972.44M | 1.02B | 1B | 1.02B | 983.92M | 1.04B | 993.56M | 935.65M | 887.22M | 873.17M | 856.87M | 856.15M | 862.01M | 899.69M | 830.17M |
| Equity Growth % | -14.16% | -18.18% | -12.52% | -7.89% | -8.56% | -1.17% | -2.61% | 0.73% | 8.79% | 10.9% | 19.47% | 15.95% | 9.29% | 2.92% | -2.95% | 3.22% | 12.22% | 24.6% | 27.5% | 27.89% |
| Book Value per Share | 23.48 | 23.26 | 25.70 | 26.44 | 26.44 | 27.53 | 28.68 | 28.07 | 28.47 | 27.48 | 29.02 | 27.64 | 26.00 | 24.69 | 24.03 | 23.22 | 22.88 | 22.73 | 23.54 | 21.62 |
| Total Shareholders' Equity | 798.98M | 795.66M | 888.7M | 921.83M | 930.75M | 972.44M | 1.02B | 1B | 1.02B | 983.92M | 1.04B | 993.56M | 935.65M | 887.22M | 873.17M | 856.87M | 856.15M | 862.01M | 899.69M | 830.17M |
| Common Stock | 686K | 686K | 686K | 686K | 686K | 686K | 686K | 686K | 685K | 685K | 685K | 685K | 685K | 684K | 684K | 684K | 684K | 682K | 682K | 682K |
| Retained Earnings | 2.88B | 2.85B | 2.91B | 2.91B | 2.88B | 2.86B | 2.9B | 2.86B | 2.82B | 2.78B | 2.81B | 2.76B | 2.7B | 2.64B | 2.63B | 2.54B | 2.43B | 2.32B | 2.29B | 2.2B |
| Treasury Stock | -2.34B | -2.31B | -2.28B | -2.24B | -2.19B | -2.13B | -2.13B | -2.11B | -2.05B | -2.05B | -2.01B | -2.01B | -2.01B | -1.99B | -1.99B | -1.92B | -1.82B | -1.71B | -1.63B | -1.61B |
| Accumulated OCI | -7.09M | -5.71M | -6.75M | -7.16M | -11M | -12.01M | -8.55M | -9.48M | -6.83M | -6.87M | -11.73M | -10.41M | -12.19M | -15.02M | -15.4M | -12.32M | -9.31M | -5.4M | -2.94M | -1.85M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |