LANDSTAR SYSTEM INC
For the period ended Dec 27, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
LSTR$146.47+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Page | |||
|---|---|---|---|
| PART I | |||
| Item 1. | Business | 3 | |
| Item 1A. | Risk Factors | 14 | |
| Item 1B. | Unresolved Staff Comments | 23 | |
| Item 1C. | Cybersecurity | 23 | |
| Item 2. | Properties | 24 | |
| Item 3. | Legal Proceedings | 24 | |
| Item 4. | Mine Safety Disclosures | 24 | |
| PART II | |||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 25 | |
| Item 6. | Reserved | 27 | |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 27 | |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 43 | |
| Item 8. | Financial Statements and Supplementary Data | 44 | |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 72 | |
| Item 9A. | Controls and Procedures | 72 | |
| Item 9B. | Other Information | 75 | |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 75 | |
| Item 10. | Directors, Executive Officers and Corporate Governance | 76 | |
| Item 11. | Executive Compensation | 76 | |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 76 | |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 76 | |
| Item 14. | Principal Accounting Fees and Services | 77 | |
| PART IV | |||
| Item 15. | Exhibits and Financial Statement Schedules | 78 | |
| Signatures. | 81 | ||
EX – 31.1 Section 302 CEO Certification
EX – 31.2 Section 302 CFO Certification
EX – 32.1 Section 906 CEO Certification
EX – 32.2 Section 906 CFO Certification
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