Landstar System Inc (LSTR) - Net Assets
Based on the latest financial reports, Landstar System Inc (LSTR) has net assets worth $795.66 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.64 Billion) and total liabilities ($840.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LSTR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $795.66 Million |
| % of Total Assets | 48.64% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | -7.7% |
| 10-Year Change | 46.65% |
| Growth Volatility | 16.86 |
Landstar System Inc - Net Assets Trend (1993–2025)
This chart illustrates how Landstar System Inc's net assets have evolved over time, based on quarterly financial data. Also explore LSTR total assets for the complete picture of this company's asset base.
Annual Net Assets for Landstar System Inc (1993–2025)
The table below shows the annual net assets of Landstar System Inc from 1993 to 2025. For live valuation and market cap data, see Landstar System Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $795.66 Million | -18.18% |
| 2024-12-31 | $972.44 Million | -1.17% |
| 2023-12-31 | $983.92 Million | +10.90% |
| 2022-12-31 | $887.22 Million | +2.92% |
| 2021-12-31 | $862.01 Million | +24.60% |
| 2020-12-31 | $691.84 Million | -4.11% |
| 2019-12-31 | $721.47 Million | +4.69% |
| 2018-12-31 | $689.13 Million | +5.39% |
| 2017-12-31 | $653.88 Million | +20.52% |
| 2016-12-31 | $542.56 Million | +16.37% |
| 2015-12-31 | $466.24 Million | -4.51% |
| 2014-12-31 | $488.26 Million | +7.43% |
| 2013-12-31 | $454.48 Million | +19.77% |
| 2012-12-31 | $379.45 Million | +26.24% |
| 2011-12-31 | $300.58 Million | +19.77% |
| 2010-12-31 | $250.97 Million | -6.41% |
| 2009-12-31 | $268.15 Million | +5.93% |
| 2008-12-31 | $253.14 Million | +40.02% |
| 2007-12-31 | $180.79 Million | -21.49% |
| 2006-12-31 | $230.27 Million | -8.85% |
| 2005-12-31 | $252.63 Million | +18.70% |
| 2004-12-31 | $212.84 Million | +49.34% |
| 2003-12-31 | $142.51 Million | -4.41% |
| 2002-12-31 | $149.09 Million | +26.95% |
| 2001-12-31 | $117.44 Million | +8.88% |
| 2000-12-31 | $107.86 Million | +0.91% |
| 1999-12-31 | $106.88 Million | -4.44% |
| 1998-12-31 | $111.85 Million | -26.27% |
| 1997-12-31 | $151.70 Million | +2.81% |
| 1996-12-31 | $147.56 Million | +14.92% |
| 1995-12-31 | $128.40 Million | +22.05% |
| 1994-12-31 | $105.20 Million | +30.20% |
| 1993-12-31 | $80.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Landstar System Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14604.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.85 Billion | 358.53% |
| Common Stock | $686.00K | 0.09% |
| Other Comprehensive Income | $-5.71 Million | -0.72% |
| Total Equity | $795.66 Million | 100.00% |
Landstar System Inc Competitors by Market Cap
The table below lists competitors of Landstar System Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Klarna Group plc
NYSE:KLAR
|
$5.50 Billion |
|
Arcosa Inc
NYSE:ACA
|
$5.50 Billion |
|
YASKAWA ELEC. UNSP. ADR 2
F:YEC0
|
$5.50 Billion |
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$5.50 Billion |
|
Beijing Yanjing Brewery Co Ltd
SHE:000729
|
$5.49 Billion |
|
Compass Inc
NYSE:COMP
|
$5.49 Billion |
|
Sandfire Resources Ltd
AU:SFR
|
$5.48 Billion |
|
Blackstone Secured Lending Fund
NYSE:BXSL
|
$5.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Landstar System Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 972,439,000 to 795,665,000, a change of -176,774,000 (-18.2%).
- Net income of 115,007,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 6,298,000.
- Other factors decreased equity by 298,079,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $115.01 Million | +14.45% |
| Other Comprehensive Income | $6.30 Million | +0.79% |
| Other Changes | $-298.08 Million | -37.46% |
| Total Change | $- | -18.18% |
Book Value vs Market Value Analysis
This analysis compares Landstar System Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.92x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 218.68x to 7.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.83 | $181.56 | x |
| 1994-12-31 | $1.02 | $181.56 | x |
| 1995-12-31 | $1.25 | $181.56 | x |
| 1996-12-31 | $1.44 | $181.56 | x |
| 1997-12-31 | $1.51 | $181.56 | x |
| 1998-12-31 | $1.26 | $181.56 | x |
| 1999-12-31 | $1.32 | $181.56 | x |
| 2000-12-31 | $1.50 | $181.56 | x |
| 2001-12-31 | $1.72 | $181.56 | x |
| 2002-12-31 | $2.22 | $181.56 | x |
| 2003-12-31 | $2.23 | $181.56 | x |
| 2004-12-31 | $3.44 | $181.56 | x |
| 2005-12-31 | $4.18 | $181.56 | x |
| 2006-12-31 | $3.93 | $181.56 | x |
| 2007-12-31 | $3.28 | $181.56 | x |
| 2008-12-31 | $4.79 | $181.56 | x |
| 2009-12-31 | $5.23 | $181.56 | x |
| 2010-12-31 | $5.08 | $181.56 | x |
| 2011-12-31 | $6.32 | $181.56 | x |
| 2012-12-31 | $8.09 | $181.56 | x |
| 2013-12-31 | $9.84 | $181.56 | x |
| 2014-12-31 | $10.81 | $181.56 | x |
| 2015-12-31 | $10.64 | $181.56 | x |
| 2016-12-31 | $12.85 | $181.56 | x |
| 2017-12-31 | $15.48 | $181.56 | x |
| 2018-12-31 | $16.63 | $181.56 | x |
| 2019-12-31 | $18.13 | $181.56 | x |
| 2020-12-31 | $17.92 | $181.56 | x |
| 2021-12-31 | $22.55 | $181.56 | x |
| 2022-12-31 | $24.22 | $181.56 | x |
| 2023-12-31 | $27.39 | $181.56 | x |
| 2024-12-31 | $27.36 | $181.56 | x |
| 2025-12-31 | $22.92 | $181.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Landstar System Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.42%
- • Asset Turnover: 2.90x
- • Equity Multiplier: 2.06x
- Recent ROE (14.45%) is below the historical average (31.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 14.60% | 1.51% | 3.56x | 2.72x | $3.72 Million |
| 1994 | 23.19% | 2.48% | 3.69x | 2.54x | $13.88 Million |
| 1995 | 19.44% | 2.07% | 3.41x | 2.75x | $12.12 Million |
| 1996 | 12.83% | 1.47% | 3.46x | 2.51x | $4.17 Million |
| 1997 | 16.28% | 1.88% | 3.68x | 2.35x | $9.52 Million |
| 1998 | 10.63% | 0.93% | 4.09x | 2.80x | $707.20K |
| 1999 | 42.98% | 3.31% | 3.80x | 3.42x | $35.25 Million |
| 2000 | 41.90% | 3.19% | 3.83x | 3.43x | $34.41 Million |
| 2001 | 36.44% | 3.07% | 3.82x | 3.10x | $31.05 Million |
| 2002 | 33.01% | 3.27% | 3.76x | 2.69x | $34.31 Million |
| 2003 | 35.58% | 3.18% | 3.64x | 3.08x | $36.45 Million |
| 2004 | 33.77% | 3.56% | 3.46x | 2.75x | $50.59 Million |
| 2005 | 45.76% | 4.59% | 3.30x | 3.02x | $90.33 Million |
| 2006 | 49.11% | 4.50% | 3.89x | 2.81x | $90.06 Million |
| 2007 | 60.65% | 4.41% | 3.95x | 3.48x | $91.57 Million |
| 2008 | 43.82% | 4.20% | 3.98x | 2.62x | $85.62 Million |
| 2009 | 26.27% | 3.50% | 3.10x | 2.42x | $43.59 Million |
| 2010 | 34.76% | 3.65% | 3.51x | 2.72x | $62.34 Million |
| 2011 | 37.60% | 4.27% | 3.28x | 2.69x | $82.95 Million |
| 2012 | 34.20% | 4.68% | 3.15x | 2.32x | $91.84 Million |
| 2013 | 32.13% | 5.48% | 2.75x | 2.14x | $100.56 Million |
| 2014 | 28.43% | 4.36% | 3.05x | 2.14x | $89.98 Million |
| 2015 | 31.68% | 4.45% | 3.33x | 2.14x | $101.07 Million |
| 2016 | 25.32% | 4.33% | 2.89x | 2.02x | $83.09 Million |
| 2017 | 27.22% | 4.85% | 2.70x | 2.08x | $112.02 Million |
| 2018 | 37.17% | 5.53% | 3.35x | 2.01x | $186.60 Million |
| 2019 | 31.56% | 5.57% | 2.86x | 1.98x | $155.57 Million |
| 2020 | 27.77% | 4.64% | 2.50x | 2.39x | $122.92 Million |
| 2021 | 44.26% | 5.83% | 3.20x | 2.37x | $295.32 Million |
| 2022 | 48.57% | 5.79% | 3.85x | 2.18x | $342.19 Million |
| 2023 | 26.87% | 4.98% | 2.95x | 1.83x | $166.00 Million |
| 2024 | 20.15% | 4.05% | 2.67x | 1.86x | $98.70 Million |
| 2025 | 14.45% | 2.42% | 2.90x | 2.06x | $35.44 Million |
Industry Comparison
This section compares Landstar System Inc's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $160,220,346
- Average return on equity (ROE) among peers: 1.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Landstar System Inc (LSTR) | $795.66 Million | 14.60% | 1.06x | $5.49 Billion |
| Addentax Group Corp (ATXG) | $26.05 Million | -11.94% | 1.01x | $4.01 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $7.50 Million | 5.37% | 0.19x | $12.97 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.35 Billion | 69.49% | 3.40x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $790.01K | 6.89% | 0.15x | $5.25 Million |
| Callan JMB Inc. Common Stock (CJMB) | $14.01 Million | 44.40% | 0.09x | $6.25 Million |
| Freightos Limited Ordinary shares (CRGO) | $21.66 Million | -114.04% | 0.93x | $100.01 Million |
| Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) | $-170.43K | 0.00% | 0.00x | $5.37 Million |
| Cryoport Inc (CYRX) | $-1.96 Million | 0.00% | 0.00x | $391.54 Million |
| Eastern International Ltd. (ELOG) | $9.05 Million | -10.34% | 1.26x | $10.51 Million |
| Expeditors International of Washington, Inc. (EXPD) | $171.85 Million | 22.35% | 1.00x | $19.44 Billion |
About Landstar System Inc
Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedit… Read more