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Landstar System vs Werner Enterprises: revenue, profit, margins and growth compared

Landstar System brought in $4.7B of revenue in fiscal 2025, Werner Enterprises $3B in fiscal 2025. Revenue changed by -1.6% at Landstar System and -1.8% at Werner Enterprises on the year before, so Landstar System grew faster. Landstar System kept 2.4% of its revenue as net profit, Werner Enterprises -0.5%. Free cash flow was $215M at Landstar System and -$68.5M at Werner Enterprises.

Side by side, latest fiscal year

LSTRWERN
Fiscal year endedFY2025 (December 27, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$3B
Revenue growth-1.6%-1.8%
Net income$115M-$14.4M
Net margin2.4%-0.5%
Free cash flow$215M-$68.5M
Free cash flow margin4.5%-2.3%
Earnings per share (diluted)$3.31-$0.24
Cash$396.7M$59.9M
Debt$0$752M
Price to earnings49.5n/a
Market value$5.6B$2B
Dividend yield2.17%1.70%
Rank by revenue in sector#125 of 451 · Industrials#182 of 451 · Industrials

Over the years

Revenue
LSTR FY2018: $4.6BLSTR FY2019: $4.1BLSTR FY2020: $4.1BLSTR FY2021: $6.5BLSTR FY2022: $7.4BLSTR FY2023: $5.3BLSTR FY2024: $4.8BLSTR FY2025: $4.7BWERN FY2018: $2.5BWERN FY2019: $2.5BWERN FY2020: $2.4BWERN FY2021: $2.7BWERN FY2022: $3.3BWERN FY2023: $3.3BWERN FY2024: $3BWERN FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
LSTR $4.7BWERN $3B
Net income
LSTR FY2018: $255.3MLSTR FY2019: $227.7MLSTR FY2020: $192.1MLSTR FY2021: $381.5MLSTR FY2022: $430.9MLSTR FY2023: $264.4MLSTR FY2024: $195.9MLSTR FY2025: $115MWERN FY2018: $168.1MWERN FY2019: $166.9MWERN FY2020: $169.1MWERN FY2021: $259.1MWERN FY2022: $241.3MWERN FY2023: $112.4MWERN FY2024: $34.2MWERN FY2025: -$14.4MFY18FY19FY20FY21FY22FY23FY24FY25
LSTR $115MWERN -$14.4M
Net margin
LSTR FY2018: 5.5%LSTR FY2019: 5.6%LSTR FY2020: 4.6%LSTR FY2021: 5.8%LSTR FY2022: 5.8%LSTR FY2023: 5.0%LSTR FY2024: 4.1%LSTR FY2025: 2.4%WERN FY2018: 6.8%WERN FY2019: 6.8%WERN FY2020: 7.1%WERN FY2021: 9.5%WERN FY2022: 7.3%WERN FY2023: 3.4%WERN FY2024: 1.1%WERN FY2025: -0.5%FY18FY19FY20FY21FY22FY23FY24FY25
LSTR 2.4%WERN -0.5%
Revenue growth
LSTR FY2019: -11.5%LSTR FY2020: +1.2%LSTR FY2021: +58.2%LSTR FY2022: +13.8%LSTR FY2023: -28.7%LSTR FY2024: -9.1%LSTR FY2025: -1.6%WERN FY2019: +0.2%WERN FY2020: -3.7%WERN FY2021: +15.3%WERN FY2022: +20.3%WERN FY2023: -0.2%WERN FY2024: -7.7%WERN FY2025: -1.8%FY19FY20FY21FY22FY23FY24FY25
LSTR -1.6%WERN -1.8%
Free cash flow
LSTR FY2018: $288.2MLSTR FY2019: $288.4MLSTR FY2020: $180.1MLSTR FY2021: $253.5MLSTR FY2022: $596.7MLSTR FY2023: $368MLSTR FY2024: $255.6MLSTR FY2025: $215MWERN FY2018: -$101.7MWERN FY2019: $5.9MWERN FY2020: $32.8MWERN FY2021: -$38MWERN FY2022: -$58.5MWERN FY2023: -$124.4MWERN FY2024: -$84.1MWERN FY2025: -$68.5MFY18FY19FY20FY21FY22FY23FY24FY25
LSTR $215MWERN -$68.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Landstar System and Werner Enterprises

Which is bigger by revenue, Landstar System or Werner Enterprises?

Landstar System is bigger by revenue: $4.7B in fiscal 2025, against $3B for Werner Enterprises in fiscal 2025.

Which keeps more of its revenue as profit, Landstar System or Werner Enterprises?

Landstar System had a net margin of 2.4% in fiscal 2025; Werner Enterprises had -0.5% in fiscal 2025.

Which grew revenue faster, Landstar System or Werner Enterprises?

In their latest fiscal years revenue changed by -1.6% at Landstar System and -1.8% at Werner Enterprises.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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