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Landstar System LSTR Transportation Logistics — Goodwill Impairment

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Other financials

Income statement

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Revenue$1.4B+18.2%
Operating income$66.2M+17.7%
Net income$49.0M+16.8%
EPS (diluted)$1.44+20.0%

Balance sheet

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Cash & equivalents$294.4M-18.1%
Total debt$91.9M-21.4%
Total equity$836.7M-9.2%
Total assets$1.7B+2.5%

Cash flow

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Operating cash flow$78.2M+40.4%
CapEx$2.9M+16.9%
Free cash flow$72.4M+34.6%

Valuation

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Market cap$6.09B+33.3%
Enterprise value$5.88B+36.1%
P/E46.2×+19.0×
P/S1.2×+0.3×

Profitability

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Operating margin3.5%-1.0pp
Net margin2.6%-0.9pp
FCF margin4.9%+0.2pp

Returns & leverage

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Return on equity15%-2.5pp
Debt / equity0.1×0.0×
Current ratio1.8×-0.2×

Where this comes from

Reported directly by Landstar System in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Landstar System’s 10-K, filed February 24, 2026.

Filed
Feb 23, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001193125-26-064756

(1) Included in the $32,170,000 impairment of intangible and other assets was a goodwill impairment of $7,530,000 within the transportation logistics segment.

Item 8.

FAQ

What is Landstar System's transportation logistics — goodwill impairment?
Landstar System (LSTR) reported transportation logistics — goodwill impairment of $1.88M in Q4 2025.
What does transportation logistics — goodwill impairment mean?
This represents the reduction in the carrying value of goodwill associated with the transportation and logistics segment when its implied fair value falls below its book value. It serves as an indicator that previous acquisitions or business combinations within this segment are not performing to original expectations. This is a critical metric for evaluating the long-term success of inorganic growth strategies.

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