Landstar System vs Werner Enterprises
Landstar System reported revenue of $4.7 billion in fiscal 2025, 1.6 times Werner Enterprises' $3.0 billion in fiscal 2025. Landstar System's revenue fell 1.6% in its latest year, and Werner Enterprises' fell 1.8%. Landstar System had an operating margin of 3.2%, against 0.4% at Werner Enterprises. Free cash flow was $215 million at Landstar System and −$69 million at Werner Enterprises. Their fiscal years end in different months (December 27 and December 31), so the periods don't line up exactly.
Side by side
| Landstar System | Werner Enterprises | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 27, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.7B | $3.0B |
| Revenue growth | −1.6% | −1.8% |
| Revenue growth a year, last 5 years | 2.8% | 4.6% |
| Gross margin | — | — |
| Operating margin | 3.2% | 0.4% |
| Net margin | 2.4% | −0.5% |
| Free cash flow | $215M | −$69M |
| Free cash flow margin | 4.5% | −2.3% |
| Return on capital | 24.9% | 0.5% |
| Net debt to EBITDA | −1.9x | 2.3x |
| Dividends and buybacks | $305M | $90M |
| Change in diluted share count | −2.3% | −3.3% |
| Last close | $143.34 | $26.95 |
| P/E at the last close | 30.4× | — |
| Insider trades, last 12 months | bought $714,619, sold $2.8 million | sold $140,285 |
| Piotroski F-score | 4 of 8 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Landstar SystemWerner Enterprises
Operating margin
Percent of revenue
Landstar SystemWerner Enterprises
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Landstar SystemWerner Enterprises
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Landstar System and Werner Enterprises pages.