Quick10K

Landstar System

Market

Closing Price ($)	Shares Out (MM)	Market Cap ($MM)
$108.60	40	$4,362

Financial Filings

10-Q	2019-09-28	Quarter: 2019-09-28
10-Q	2019-06-29	Quarter: 2019-06-29
10-Q	2019-03-30	Quarter: 2019-03-30
10-K	2018-12-29	Annual: 2018-12-29
10-Q	2018-09-29	Quarter: 2018-09-29
10-Q	2018-06-30	Quarter: 2018-06-30
10-Q	2018-03-31	Quarter: 2018-03-31
10-K	2017-12-30	Annual: 2017-12-30
10-Q	2017-09-30	Quarter: 2017-09-30
10-Q	2017-07-01	Quarter: 2017-07-01
10-Q	2017-04-01	Quarter: 2017-04-01
10-K	2016-12-31	Annual: 2016-12-31
10-Q	2016-09-24	Quarter: 2016-09-24
10-Q	2016-06-25	Quarter: 2016-06-25
10-Q	2016-03-26	Quarter: 2016-03-26
10-K	2015-12-26	Annual: 2015-12-26
10-Q	2015-09-26	Quarter: 2015-09-26
10-Q	2015-06-27	Quarter: 2015-06-27
10-Q	2015-03-28	Quarter: 2015-03-28
10-K	2014-12-27	Annual: 2014-12-27
10-Q	2014-09-27	Quarter: 2014-09-27
10-Q	2014-06-28	Quarter: 2014-06-28
10-Q	2014-03-29	Quarter: 2014-03-29
10-K	2013-12-28	Annual: 2013-12-28

Current Reports

8-K	2019-09-11	Regulation FD
8-K	2019-07-24	Earnings, Regulation FD, Exhibits
8-K	2019-06-05	Regulation FD
8-K	2019-05-30	Officers, Exhibits
8-K	2019-05-21	Shareholder Vote
8-K	2019-04-24	Earnings, Regulation FD, Exhibits
8-K	2019-01-30	Earnings, Regulation FD, Other Events, Exhibits
8-K	2018-10-24	Earnings, Regulation FD, Exhibits
8-K	2018-07-25	Earnings, Regulation FD, Exhibits
8-K	2018-05-22	Shareholder Vote
8-K	2018-04-24	Earnings, Officers, Regulation FD, Exhibits
8-K	2018-04-03	Regulation FD
8-K	2018-01-31	Earnings, Regulation FD, Exhibits

Landstar System Financials

LSTR Metrics, Comps, Filings

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarter)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarter)

Operating, Investing, Financing

Comparables ($MM Annual)	Ticker	Market Cap	Assets	Liabilities	Revenue	Gross Profit	Net Income	EBITDA	EV
United Parcel Service	UPS	89,855	52,787	48,382	72,500	0	4,757	8,919	109,018
ZTO Express	ZTO	12,043	39,683	5,413	0	0	0	0	7,420
Old Dominion Freight Line	ODFL	11,912	3,759	960	0	0	640	1,109	11,730
Hunt JB Transport Services	JBHT	9,778	5,421	3,285	0	0	473	1,125	11,143
Knight-Swift Transportation Holdings	KNX	5,361	8,214	2,682	5,188	0	426	990	5,618
Landstar System	LSTR	4,216	1,349	620	4,462	0	260	379	3,966
Schneider National	SNDR	3,878	3,893	1,707	5,008	2,976	227	652	3,903
Werner Enterprises	WERN	2,167	2,129	1,096	2,500	0	181	233	2,120
SAIA	SAIA	1,655	1,352	595	1,282	0	113	262	1,834
Heartland Express	HTLD	1,778	860	207	580	0	81	204	1,553
Marten Transport	MRTN	974	797	194	815	0	60	80	892
Arcbest	ARCB	709	1,634	891	3,084	0	85	241	809
Best	BSTI		12,366	8,226	0	0	0	0	-2,999
Universal Logistics Holdings	ULH	688	928	691	1,521	0	61	164	1,046
Covenant Transportation Group	CVTI	265	852	500	272	0	39	132	501
PAM Transportation Services	PTSI	208	473	330	0	0	32	48	424
US Xpress Enterprises	USX	245	1,116	877	0	0	31	140	666
Patriot Transportation Holding	PATI	61	72	17	111	0	2	11	55
YRC Worldwide	YRCW	126	1,907	2,277	3,733	0	-52	226	874
USA Truck	USAK	84	357	273	541	0	10	46	181

Balance Sheet ($MM)	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Cash	81	54	64	80	74	91	67	98	180	114	93	141		115	82	109	115	156	153	171	179	215	222	250	242	221	149	214	200	265	250
Accounts Receivable
Inventory
PP&E	288	145	152	164	318	161	180	184	335	172	175	204	363	197	190	195	409	228	236	262	463	263	259	261	495	266	256	268	534	276	269
Assets	808	812	883	909	879	885	892	951	971	944	963	980	1,044	948	947	953	998	957	985	1,028	1,097	1,106	1,159	1,263	1,352	1,320	1,309	1,391	1,381	1,351	1,349
Accounts Payable	163	166	204	213	189	179	189	194	158	171	195	203	220	196	217	206	224	172	191	202	219	201	225	269	285	282	312	314	314	273	286
Long-Term Debt
Liabilities	508	483	536	538	500	477	500	528	516	501	502	485	556	463	477	474	532	475	488	521	554	532	550	613	702	618	651	667	694	623	620
Stockholders' Equity	301	328	348	371	379	408	392	423	454	443	460	496	488	484	470	479	466	482	497	507	543	574	609	650	651	703	658	724	687	728	728

Income Statement ($MM)	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Revenue	718	649	736	717	691	628	679	681	692	688	822	819	863	762	868	842	849	712	775	788	893	781	870	943	1,052	1,048	1,183	1,202	1,182	1,033	1,045
Cost of Revenue
Gross Profit
R&D
SG&A		39	38	37		35	36	34	26	36	38	36	42	37	38	37	38	35	37	35	37	38	41	44	47	45	49	47	47	41	41
Tax	18	16	27	20	15	16	20	18	14	20	22	22	22	18	25	24	24	18	20	21	23	19	40	20	21	17	40	19	19	17	19
Net Income	33	27	36	33	34	27	30	29	60	28	36	37	38	30	40	39	38	29	32	36	40	32	38	42	65	58	63	67	68	63	61

Cash Flow ($MM)	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Cash Operating		20	35	48		53	32	47																				91	94	121	63
Cash Investing		-17	-2	1		-10	3	-5																				-3	-2	-3	-4
Cash Financing		-30	-21	-34		-26	-58	-12																				-23	-104	-54	-73