LSTR Landstar System, Inc. - Common Stock
About Landstar System, Inc. - Common Stock Company overview from Wikipedia
Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, and other countries around the world.
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Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, and other countries around the world.
History
Landstar has been in business since 1968 and was incorporated in 1991.
In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO, Inc. for $87m. Using proprietary web-based software to provide management services for customers and carriers, NLM became the largest web-based expediter in North America.
In January 2017, Landstar opened its Landstar U.S./Mexico Logistics Service Center in Laredo, Texas.
Operations
Landstar System is based in Jacksonville, Florida. The company includes over 8,800 owner-operators in the United States, Canada and Mexico. The business capacity operators (BCOs) are not forced to dispatch like traditional trucking companies. Rather, they can choose their own loads. Landstar has agents in the United States and Canada.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LSTR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
LSTR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 19, 2026 | $0.4000 |
| Feb. 18, 2026 | $0.4000 |
| Jan. 6, 2026 | $2.0000 |
| Nov. 18, 2025 | $0.4000 |
| Aug. 19, 2025 | $0.4000 |
| June 5, 2025 | $0.4000 |
| Feb. 18, 2025 | $0.3600 |
| Jan. 7, 2025 | $2.0000 |
| Nov. 19, 2024 | $0.3600 |
| Aug. 20, 2024 | $0.3600 |
| May 7, 2024 | $0.3300 |
| Feb. 9, 2024 | $0.3300 |
| Jan. 2, 2024 | $2.0000 |
| Nov. 6, 2023 | $0.3300 |
| Aug. 9, 2023 | $0.3300 |
| May 3, 2023 | $0.3000 |
| Feb. 10, 2023 | $0.3000 |
| Jan. 5, 2023 | $2.0000 |
| Nov. 7, 2022 | $0.3000 |
| Aug. 5, 2022 | $0.3000 |
LSTR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 16.7%
- Buy 4 16.7%
- Hold 14 58.3%
- Sell 2 8.3%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.44 | $1.51 | -0.07% |
| March 31, 2026 | $1.16 | $1.15 | 0.01% |
| Dec. 31, 2025 | $0.70 | $1.25 | -0.55% |
| Sept. 30, 2025 | $1.22 | $1.23 | -0.01% |
| June 30, 2025 | $1.20 | $1.22 | -0.02% |
| March 31, 2025 | $0.85 | $1.00 | -0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LSTR | — | 44.1 | -1.6% | 2.4% | 13.0% | — |
| FDXF | $23.98B | 36.6 | -1.1% | 7.4% | 69.1% | — |
| UHAL | — | — | 3.6% | 1.4% | 1.1% | — |
| KNX | $8.49B | 127.5 | 0.80% | 0.88% | 0.93% | — |
| SAIA | $8.70B | 34.3 | 0.79% | 7.9% | 10.2% | — |
| R | $7.54B | 16.0 | 0.23% | 3.9% | 16.3% | — |
| SNDR | — | 45.0 | 7.2% | 1.8% | 3.4% | — |
| RXO | $2.07B | -21.4 | 26.2% | -1.7% | -6.4% | — |
| ARCB | — | 28.3 | -4.0% | 1.5% | 4.6% | — |
| WERN | $1.80B | -125.0 | -1.8% | -0.48% | -1.0% | — |
| MRTN | $928M | 54.2 | -8.3% | 2.0% | 2.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B | $4.13B | $4.08B | $4.62B | $3.65B | $3.17B | $3.32B | $3.18B | |
| SG&A Expense | $231M | $218M | $212M | $221M | $221M | $168M | $159M | $188M | $171M | $143M | $150M | $150M | |
| Operating Expenses | $4.61B | $4.59B | $4.97B | $6.87B | $6.03B | $3.88B | $3.79B | $4.29B | $3.40B | $2.95B | $3.08B | $2.96B | |
| Operating Income | $152M | $249M | $344M | $571M | $506M | $253M | $299M | $332M | $244M | $223M | $242M | $224M | |
| Interest Expense | $6M | $4M | $4M | $5M | · | · | · | · | · | · | · | · | |
| Interest Income | $14M | $15M | $10M | $3M | $3M | $3M | $5M | $4M | $2M | $2M | $1M | $1M | |
| Pretax Income | $151M | $254M | $348M | $567M | $502M | $249M | $296M | $328M | $241M | $219M | $239M | $221M | |
| Income Tax | $36M | $58M | $84M | $137M | $120M | $57M | $68M | $73M | $64M | $82M | $91M | $82M | |
| Net Income | $115M | $196M | $264M | $431M | $382M | $192M | $228M | $255M | $177M | $137M | $148M | $139M | |
| EPS (Basic) | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.19 | $4.22 | $3.26 | $3.38 | $3.09 | |
| EPS (Diluted) | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 | $4.98 | $5.72 | $6.18 | $4.21 | $3.25 | $3.37 | $3.07 | |
| Shares (Basic) | 34,717,000 | 35,538,000 | 35,920,000 | 36,633,000 | 38,235,000 | 38,602,000 | 39,786,000 | 41,273,000 | 41,938,000 | 42,112,000 | 43,664,000 | 44,956,000 | |
| Shares (Diluted) | 34,717,000 | 35,538,000 | 35,920,000 | 36,633,000 | 38,235,000 | 38,602,000 | 39,786,000 | 41,310,000 | 42,024,000 | 42,236,000 | 43,813,000 | 45,169,000 | |
| EBITDA | $152M | $249M | $344M | $571M | $506M | $253M | $299M | $332M | $244M | $223M | $242M | $224M |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $397M | $515M | $481M | $340M | $216M | $249M | $320M | $200M | $242M | $179M | $115M | $164M | |
| Short-term Investments | $56M | $52M | $60M | $54M | $36M | $41M | $33M | $40M | $49M | $67M | $49M | $37M | |
| Receivables | $670M | $684M | $744M | $968M | $1.15B | $764M | $589M | $692M | $631M | $463M | $463M | $493M | |
| Other Current Assets | $29M | $22M | $25M | $22M | $16M | $19M | $21M | $16M | $14M | $10M | $12M | $24M | |
| Current Assets | $1.22B | $1.32B | $1.35B | $1.44B | $1.52B | $1.21B | $998M | $971M | $961M | $737M | $656M | $732M | |
| PP&E (Net) | $261M | $311M | $284M | $315M | $317M | $297M | $286M | $284M | $276M | $273M | $226M | $202M | |
| PP&E (Gross) | $735M | $768M | $721M | $708M | $661M | $596M | $567M | $534M | $495M | $463M | $409M | $363M | |
| Accum. Depreciation | $474M | $457M | $437M | $393M | $344M | $299M | $281M | $250M | $219M | $190M | $183M | $161M | |
| Goodwill | $34M | $41M | $42M | $41M | $41M | $41M | $39M | $38M | $39M | $31M | $31M | $31M | |
| Other Non-current Assets | $124M | $141M | $123M | $136M | $164M | $108M | $105M | $87M | $76M | $55M | $78M | $79M | |
| Total Assets | $1.64B | $1.81B | $1.80B | $1.93B | $2.05B | $1.65B | $1.43B | $1.38B | $1.35B | $1.10B | $992M | $1.04B | |
| Accounts Payable | $370M | $384M | $396M | $527M | $604M | $381M | $272M | $314M | $285M | $219M | $224M | $220M | |
| Current Liabilities | $696M | $673M | $675M | $878M | $1.01B | $806M | $553M | $536M | $549M | $380M | $370M | $410M | |
| Capital Leases | $326.0K | $542.0K | $863.0K | $1M | · | · | · | $85M | $83M | $93M | $82M | $76M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | $47M | |
| Long-term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock | $686.0K | $686.0K | $685.0K | $684.0K | $682.0K | $682.0K | $681.0K | $679.0K | $677.0K | $676.0K | $674.0K | $673.0K | |
| Retained Earnings | $2.85B | $2.86B | $2.78B | $2.64B | $2.32B | $2.05B | $1.96B | $1.84B | $1.61B | $1.51B | $1.39B | $1.26B | |
| Treasury Stock | $2.31B | $2.13B | $2.05B | $1.99B | $1.71B | $1.58B | $1.47B | $1.38B | $1.17B | $1.17B | $1.12B | $956M | |
| AOCI | $-6M | $-12M | $-7M | $-15M | $-5M | $-2M | $-2M | $-6M | $-3M | $-3M | $-3M | $-1M | |
| Stockholders' Equity | $796M | $972M | $984M | $887M | $862M | $692M | $721M | $687M | $651M | $543M | $466M | $488M | |
| Liabilities + Equity | $1.64B | $1.81B | $1.80B | $1.93B | $2.05B | $1.65B | $1.43B | $1.38B | $1.35B | $1.10B | $992M | $1.04B |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $46M | $57M | $58M | $57M | $50M | $46M | $44M | $44M | $41M | $36M | $29M | $28M | |
| Stock-based Comp | $6M | $3M | $4M | $12M | $28M | $5M | $4M | $18M | $8M | $3M | $7M | $7M | |
| Deferred Tax | $3M | $-7M | $-8M | $-5M | $-4M | $1M | $5M | $2M | $-17M | $6M | $7M | $5M | |
| Operating Cash Flow | $225M | $287M | $394M | $623M | $277M | $211M | $308M | $298M | $139M | $190M | $216M | $102M | |
| CapEx | $10M | $31M | $26M | $26M | $23M | $31M | $19M | $10M | $16M | $23M | $5M | $11M | |
| Investing Cash Flow | $-2M | $-10M | $-6M | $-25M | $-73M | $-28M | $-19M | $-8M | $-22M | $-14M | · | · | |
| Stock Repurchased | $180M | $81M | $54M | $286M | $123M | $116M | $89M | $208M | $0 | $51M | $161M | $56M | |
| Net Stock Activity | $-180M | $-81M | $-54M | $-286M | $-123M | $-116M | $-89M | $-208M | $0 | $-51M | $-161M | $-56M | |
| Dividends Paid | $125M | $120M | $117M | $116M | $112M | $110M | $28M | $89M | $16M | $14M | $58M | $28M | |
| Financing Cash Flow | $-343M | $-237M | $-248M | $-476M | $-233M | $-252M | $-171M | $-331M | $-54M | $-112M | · | · | |
| Net Change in Cash | $-118M | $34M | $141M | $120M | $-30M | $-70M | $120M | $-43M | $64M | $64M | $-49M | $-16M | |
| Taxes Paid | $51M | $48M | $93M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $215M | $256M | $368M | $597M | $253M | $180M | $288M | $288M | $123M | $168M | $211M | $91M | |
| Levered FCF | $211M | $252M | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% | 6.1% | 7.3% | 7.2% | 6.7% | 7.0% | 7.3% | 7.0% | |
| Net Margin | 2.4% | 4.1% | 5.0% | 5.8% | 5.8% | 4.7% | 5.6% | 5.5% | 4.9% | 4.3% | 4.5% | 4.4% | |
| Pretax Margin | 3.2% | 5.3% | 6.6% | 7.6% | 7.7% | 6.0% | 7.2% | 7.1% | 6.6% | 6.9% | 7.2% | 7.0% | |
| EBITDA Margin | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% | 6.1% | 7.3% | 7.2% | 6.7% | 7.0% | 7.3% | 7.0% | |
| ROA | 6.7% | 10.8% | 14.2% | 21.7% | 20.6% | 12.5% | 16.2% | 18.7% | 14.5% | 13.2% | 14.5% | 13.8% | |
| ROE | 13.0% | 20.0% | 28.3% | 49.3% | 49.1% | 28.6% | 32.3% | 38.2% | 29.7% | 27.2% | 30.9% | 29.4% | |
| ROIC | 14.5% | 19.7% | 26.6% | 48.9% | 44.6% | 28.2% | 31.9% | 37.5% | 27.6% | 25.8% | 32.1% | 28.8% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.0 | 2.0 | 1.6 | 1.5 | 1.5 | 1.8 | 1.8 | 1.8 | 1.9 | 1.8 | 1.8 | |
| Quick Ratio | 1.6 | 1.9 | 1.9 | 1.6 | 1.4 | 1.3 | 1.7 | 1.7 | 1.7 | 1.9 | 1.7 | 1.3 | |
| Interest Coverage | 27.1 | 61.1 | · | · | · | · | · | · | · | · | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.8 | 2.7 | 2.8 | 3.7 | 3.5 | 2.7 | 2.9 | 3.4 | 3.0 | 3.0 | 3.3 | 3.2 | |
| Receivables Turnover | 7.0 | 6.8 | 6.2 | 7.0 | 6.8 | 6.1 | 6.4 | 6.9 | 6.7 | 6.8 | 7.0 | 7.3 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.6% | -9.1% | -28.7% | 13.8% | 58.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -13.9% | -9.7% | 8.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -39.9% | -25.1% | -37.4% | 17.8% | 100.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -34.5% | -18.0% | 13.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -7.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -41.3% | -25.9% | -38.6% | 13.0% | 98.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -35.6% | -19.9% | 11.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -9.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 2.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B | $4.13B | $4.08B | $4.62B | $3.65B | $3.17B | $3.32B | $3.18B | |
| Net Income TTM | $115M | $196M | $264M | $431M | $382M | $192M | $228M | $255M | $177M | $137M | $148M | $139M | |
| P/E | 44.1 | 31.6 | 26.3 | 13.9 | 17.3 | 27.2 | 19.8 | 15.4 | 24.7 | 26.2 | 17.2 | 24.2 | |
| Earnings Yield | 2.3% | 3.2% | 3.8% | 7.2% | 5.8% | 3.7% | 5.1% | 6.5% | 4.0% | 3.8% | 5.8% | 4.1% | |
| Payout Ratio | 108.5% | 61.5% | 44.3% | 26.8% | 29.3% | 57.0% | 12.2% | 34.8% | 9.0% | 10.4% | 39.2% | 19.9% | |
| Annual Payout | $125M | $120M | $117M | $116M | $112M | $110M | $28M | $89M | $16M | $14M | $58M | $28M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.17B | $1.17B | $1.21B | $1.21B | $1.15B | $1.21B | $1.21B | $1.23B | $1.17B | $1.20B | $1.29B | $1.44B | $1.67B | $1.82B | |
| SG&A Expense | $68M | $61M | $56M | $57M | $56M | $62M | $55M | $51M | $55M | $56M | $53M | $51M | $54M | $56M | $54M | |
| Operating Expenses | $1.37B | $1.12B | $1.15B | $1.18B | $1.16B | $1.12B | $1.16B | $1.15B | $1.16B | $1.11B | $1.13B | $1.21B | $1.34B | $1.55B | $1.68B | |
| Operating Income | $66M | $53M | $30M | $26M | $56M | $39M | $58M | $63M | $68M | $60M | $75M | $80M | $101M | $124M | $133M | |
| Interest Expense | $1M | $1M | $1M | $1M | $1M | $2M | $1M | $1M | $870.0K | $889.0K | · | · | · | · | · | |
| Interest Income | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $1M | $1M | $716.0K | |
| Pretax Income | $65M | $53M | $29M | $26M | $56M | $40M | $59M | $64M | $70M | $62M | $76M | $81M | $102M | $124M | $132M | |
| Income Tax | $16M | $13M | $5M | $7M | $14M | $10M | $13M | $14M | $17M | $14M | $18M | $20M | $24M | $31M | $32M | |
| Net Income | $49M | $39M | $24M | $19M | $42M | $30M | $46M | $50M | $53M | $47M | $58M | $62M | $78M | $93M | $100M | |
| EPS (Basic) | $1.44 | $1.16 | $0.70 | $0.56 | $1.20 | $0.85 | $1.30 | $1.41 | $1.48 | $1.32 | $1.62 | $1.71 | $2.17 | $2.61 | $2.76 | |
| EPS (Diluted) | $1.44 | $1.16 | $0.70 | $0.56 | $1.20 | $0.85 | $1.30 | $1.41 | $1.48 | $1.32 | $1.62 | $1.71 | $2.17 | $2.61 | $2.76 | |
| Shares (Basic) | 33,935,000 | 34,022,000 | -69,937,000 | 34,581,000 | 34,870,000 | 35,203,000 | -71,286,000 | 35,420,000 | 35,654,000 | 35,750,000 | -38,000 | 35,951,000 | 35,982,000 | -253,000 | 36,334,000 | |
| Shares (Diluted) | 33,935,000 | 34,022,000 | -69,937,000 | 34,581,000 | 34,870,000 | 35,203,000 | -71,286,000 | 35,420,000 | 35,654,000 | 35,750,000 | -38,000 | 35,951,000 | 35,982,000 | -74,024,000 | 36,334,000 | |
| EBITDA | $66M | $53M | · | $26M | $56M | $39M | · | $63M | $68M | $60M | · | $80M | $101M | · | $133M |
Balance Sheet 21
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $294M | $353M | $397M | $375M | $359M | $417M | $515M | $469M | $438M | $468M | · | $440M | $341M | · | $178M | |
| Short-term Investments | $53M | $58M | $56M | $59M | $67M | $56M | $52M | $62M | $66M | $63M | · | $57M | $47M | · | $51M | |
| Receivables | $867M | $692M | $670M | $696M | $717M | $703M | $684M | $695M | $724M | $724M | · | $811M | $900M | · | $1.13B | |
| Other Current Assets | $59M | $20M | $29M | $44M | $45M | $17M | $22M | $34M | $45M | $16M | · | $31M | $13M | · | $35M | |
| Current Assets | $1.32B | $1.18B | $1.22B | $1.25B | $1.24B | $1.24B | $1.32B | $1.31B | $1.32B | $1.31B | · | $1.40B | $1.35B | · | $1.48B | |
| PP&E (Net) | $253M | $256M | $261M | $262M | $288M | $298M | $311M | $289M | $286M | $280M | · | $284M | $306M | · | $322M | |
| PP&E (Gross) | · | · | $735M | · | · | · | $768M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $488M | $480M | $474M | $469M | $465M | $456M | $457M | $457M | $449M | $443M | · | $427M | $407M | · | $383M | |
| Goodwill | $34M | $34M | $34M | $34M | $41M | $41M | $41M | $41M | $42M | $42M | $42M | $42M | $42M | $41M | $41M | |
| Other Non-current Assets | $135M | $129M | $124M | $121M | $133M | $136M | $141M | $115M | $112M | $114M | · | $131M | $136M | · | $141M | |
| Total Assets | $1.74B | $1.60B | $1.64B | $1.66B | $1.70B | $1.72B | $1.81B | $1.76B | $1.76B | $1.75B | · | $1.85B | $1.84B | · | $1.99B | |
| Accounts Payable | $469M | $397M | $370M | $403M | $402M | $390M | $384M | $398M | $402M | $384M | · | $465M | $490M | · | $644M | |
| Current Liabilities | $724M | $631M | $696M | $619M | $619M | $612M | $673M | $593M | $606M | $590M | · | $670M | $741M | · | $942M | |
| Capital Leases | $196.0K | $261.0K | $326.0K | $393.0K | $459.0K | $516.0K | · | $456.0K | $533.0K | $693.0K | · | $957.0K | $1M | · | · | |
| Long-term Debt | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | · | · | |
| Common Stock | $686.0K | $686.0K | $686.0K | $686.0K | $686.0K | $686.0K | $686.0K | $686.0K | $686.0K | $685.0K | · | $685.0K | $685.0K | · | $684.0K | |
| Retained Earnings | $2.91B | $2.88B | $2.85B | $2.91B | $2.91B | $2.88B | $2.86B | $2.90B | $2.86B | $2.82B | · | $2.81B | $2.70B | · | $2.63B | |
| Treasury Stock | $2.34B | $2.34B | $2.31B | $2.28B | $2.24B | $2.19B | $2.13B | $2.13B | $2.11B | $2.05B | · | $2.01B | $2.01B | · | $1.99B | |
| AOCI | $-8M | $-7M | $-6M | $-7M | $-7M | $-11M | $-12M | $-9M | $-9M | $-7M | · | $-12M | $-12M | · | $-15M | |
| Stockholders' Equity | $837M | $799M | $796M | $889M | $922M | $931M | $972M | $1.02B | $1.00B | $1.02B | · | $1.04B | $936M | · | $873M | |
| Liabilities + Equity | $1.74B | $1.60B | $1.64B | $1.66B | $1.70B | $1.72B | $1.81B | $1.76B | $1.76B | $1.75B | · | $1.85B | $1.84B | · | $1.99B |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $11M | $11M | $12M | $12M | $12M | $13M | $15M | $14M | $14M | $14M | $14M | $15M | $15M | $15M | |
| Stock-based Comp | $3M | $2M | $755.0K | $2M | $2M | $2M | $-138.0K | $-43.0K | $2M | $2M | $12.0K | $1M | $2M | $3M | $4M | |
| Operating Cash Flow | $-50M | $78M | $73M | $89M | $7M | $56M | $61M | $83M | $48M | $94M | $90M | $112M | $139M | $186M | $227M | |
| CapEx | $3M | $6M | $2M | $3M | $2M | $2M | $7M | $7M | $7M | $9M | $10M | $3M | $6M | $5M | $14M | |
| Investing Cash Flow | $-2M | $-6M | $-3M | $1M | $-2M | $1M | $717.0K | $-739.0K | $-7M | $-4M | $-5M | $-2M | $4M | $2M | $-14M | |
| Stock Repurchased | $2M | $22M | $37M | $41M | $42M | $60M | $3M | $22M | $57M | $0 | $38M | $0 | $15M | $0 | $73M | |
| Net Stock Activity | · | $-22M | · | · | · | $-60M | · | · | · | $0 | · | · | $-15M | · | · | |
| Dividends Paid | $14M | $82M | $14M | $14M | $14M | $83M | $13M | $13M | $12M | $83M | $12M | $12M | $83M | $11M | $11M | |
| Financing Cash Flow | $-6M | $-115M | $-50M | $-73M | $-66M | $-155M | $-13M | $-51M | $-69M | $-103M | $-45M | $-30M | $-142M | $-25M | $-111M | |
| Net Change in Cash | $-59M | $-43M | $22M | $16M | $-58M | $-98M | $46M | $31M | $-30M | $-13M | $41M | $79M | $1M | $162M | $100M | |
| Free Cash Flow | · | $72M | · | · | · | $54M | · | · | · | $85M | · | · | $133M | · | · | |
| Levered FCF | · | $71M | · | · | · | $53M | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.6% | 4.5% | · | 2.2% | 4.7% | 3.4% | · | 5.2% | 5.6% | 5.1% | · | 6.2% | 7.0% | · | 7.3% | |
| Net Margin | 3.4% | 3.4% | · | 1.6% | 3.5% | 2.6% | · | 4.1% | 4.3% | 4.0% | · | 4.8% | 5.5% | · | 5.5% | |
| Pretax Margin | 4.6% | 4.5% | · | 2.2% | 4.6% | 3.4% | · | 5.3% | 5.7% | 5.3% | · | 6.3% | 7.1% | · | 7.3% | |
| EBITDA Margin | 4.6% | 4.5% | · | 2.2% | 4.7% | 3.4% | · | 5.2% | 5.6% | 5.1% | · | 6.2% | 7.0% | · | 7.3% | |
| ROA | 2.8% | 2.4% | · | 1.1% | 2.4% | 1.7% | · | 2.8% | 2.9% | 2.6% | · | 3.2% | · | · | 5.1% | |
| ROE | 5.6% | 4.6% | · | 2.0% | 4.4% | 3.1% | · | 4.9% | 5.3% | 4.8% | · | 6.4% | · | · | 11.3% | |
| ROIC | 5.9% | 5.0% | · | 2.2% | 4.6% | 3.2% | · | 4.8% | 5.1% | 4.5% | · | 5.8% | · | · | 11.6% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.9 | · | 2.0 | 2.0 | 2.0 | · | 2.2 | 2.2 | 2.2 | · | 2.1 | · | · | 1.6 | |
| Quick Ratio | 1.7 | 1.7 | · | 1.8 | 1.8 | 1.9 | · | 2.1 | 2.0 | 2.1 | · | 2.0 | · | · | 1.4 | |
| Interest Coverage | 51.5 | 41.1 | · | 19.4 | 39.1 | 26.1 | · | · | · | · | · | · | · | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | · | · | 0.9 | |
| Receivables Turnover | 1.8 | 1.7 | · | 1.7 | 1.7 | 1.6 | · | 1.6 | 1.6 | 1.4 | · | 1.3 | · | · | 1.7 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.02B | $4.74B | · | $4.78B | $4.80B | $4.76B | · | $4.90B | $5.06B | $5.27B | · | $5.92B | $7.20B | · | $7.50B | |
| Net Income TTM | $150M | $131M | · | $141M | $174M | $180M | · | $211M | $228M | $254M | · | $307M | $416M | · | $436M | |
| P/E | 48.0 | 41.5 | · | 30.4 | 28.2 | 29.1 | · | 31.6 | 29.0 | 27.3 | · | 20.8 | 15.8 | · | 12.2 | |
| Earnings Yield | 2.1% | 2.4% | · | 3.3% | 3.5% | 3.4% | · | 3.2% | 3.5% | 3.7% | · | 4.8% | 6.3% | · | 8.2% | |
| Payout Ratio | · | 207.2% | · | · | · | 279.5% | · | · | · | 176.7% | · | · | 105.7% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Revenue | $4.74B | $4.82B | $5.30B | $7.44B | $6.54B |
| Operating Margin % | 3.2% | 5.2% | 6.5% | 7.7% | 7.7% |
| Net Income | $115M | $196M | $264M | $431M | $382M |
| Diluted EPS | $3.31 | $5.51 | $7.36 | $11.76 | $9.98 |
Balance Sheet
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.0 | 2.0 | 1.6 | 1.5 |
| Quick Ratio | 1.6 | 1.9 | 1.9 | 1.6 | 1.4 |
Cash Flow
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Free Cash Flow | $215M | $256M | $368M | $597M | $253M |
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Institutional owners (13F) 584 filers · $4.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 113 (+6 vs prior Q) | 37 (-8 vs prior Q) | 173 (-12 vs prior Q) | 148 (+35 vs prior Q) | +3.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $371,439,032 | 1,796,040 | 8.51% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $317,796,655 | 1,536,660 | 7.28% | Shares |
| Boston Partners | $239,054,923 | 1,155,334 | 5.48% | Shares |
| STATE STREET CORP | $236,249,610 | 1,142,351 | 5.42% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $177,088,862 | 856,128 | 4.06% | Shares |
| FIRST TRUST ADVISORS LP | $173,083,036 | 836,918 | 3.97% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $153,554,357 | 742,490 | 3.52% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $126,076,637 | 609,625 | 2.89% | Shares |
| MILLENNIUM MANAGEMENT LLC | $125,619,496 | 607,415 | 2.88% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $122,443,722 | 592,059 | 2.81% | Shares |
| REINHART PARTNERS, LLC. | $117,697,188 | 569,090 | 2.70% | Shares |
| Fenimore Asset Management Inc | $104,766,755 | 506,585 | 2.40% | Shares |
| GOLDMAN SACHS GROUP INC | $94,861,265 | 458,688 | 2.17% | Shares |
| NORGES BANK | $80,926,201 | 391,307 | 1.86% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $78,838,040 | 381,210 | 1.81% | Shares |
| Quantinno Capital Management LP | $63,415,602 | 306,637 | 1.45% | Shares |
| Gotham Asset Management, LLC | $58,237,076 | 281,597 | 1.33% | Shares |
| Copeland Capital Management, LLC | $52,398,203 | 253,363 | 1.20% | Shares |
| Balyasny Asset Management L.P. | $52,194,708 | 252,380 | 1.20% | Shares |
| ROYCE & ASSOCIATES LP | $47,766,492 | 230,968 | 1.09% | Shares |
| Corient Private Wealth LP | $44,949,069 | 217,345 | 1.03% | Shares |
| FMR LLC | $44,911,112 | 217,161 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $44,687,091 | 216,078 | 1.02% | Shares |
| LONDON CO OF VIRGINIA | $44,088,197 | 213,179 | 1.01% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $42,647,325 | 206,215 | 0.98% | Shares |
| RAYMOND JAMES FINANCIAL INC | $36,465,677 | 176,325 | 0.84% | Shares |
| ALLIANCEBERNSTEIN L.P. | $34,485,086 | 215,115 | 0.79% | Shares |
| AMERICAN CENTURY COMPANIES INC | $33,786,421 | 163,369 | 0.77% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $32,276,423 | 156,068 | 0.74% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $31,542,479 | 152,519 | 0.72% | Shares |
| Boston Trust Walden Corp | $29,622,224 | 143,234 | 0.68% | Shares |
| MORGAN STANLEY | $29,565,487 | 142,959 | 0.68% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $28,482,494 | 137,723 | 0.65% | Shares |
| PRUDENTIAL FINANCIAL INC | $28,167,108 | 136,198 | 0.65% | Shares |
| Qube Research & Technologies Ltd | $26,351,110 | 127,417 | 0.60% | Shares |
| BANK OF AMERICA CORP /DE/ | $25,118,109 | 121,455 | 0.58% | Shares |
| JANUS HENDERSON GROUP PLC | $23,477,400 | 146,450 | 0.54% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $22,797,907 | 110,236 | 0.52% | Shares |
| RHUMBLINE ADVISERS | $21,164,660 | 102,339 | 0.49% | Shares |
| Walleye Capital LLC | $21,042,918 | 101,750 | 0.48% | Shares |
| Encompass Capital Advisors LLC | $20,681,000 | 100,000 | 0.47% | Shares |
| FWL INVESTMENT MANAGEMENT, LLC | $17,696,107 | 85,567 | 0.41% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $17,388,507 | 83,115 | 0.40% | Shares |
| Clarkston Capital Partners, LLC | $17,063,893 | 82,510 | 0.39% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $15,858,604 | 76,682 | 0.36% | Shares |
| ALPS ADVISORS INC | $15,763,679 | 76,223 | 0.36% | Shares |
| California Public Employees Retirement System | $15,491,723 | 74,908 | 0.36% | Shares |
| D. E. Shaw & Co., Inc. | $15,082,653 | 72,930 | 0.35% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $14,781,745 | 71,475 | 0.34% | Shares |
| Swiss National Bank | $14,104,442 | 68,200 | 0.32% | Shares |
| PARTHENON LLC | $13,883,983 | 67,134 | 0.32% | Shares |
| AMERIPRISE FINANCIAL INC | $13,475,120 | 65,157 | 0.31% | Shares |
| BlackRock, Inc. | $11,940,175 | 57,735 | 0.27% | Shares |
| Retirement Systems of Alabama | $11,683,111 | 56,492 | 0.27% | Shares |
| Mariner, LLC | $11,524,565 | 55,722 | 0.26% | Shares |
| Burgundy Asset Management Ltd. | $11,298,335 | 85,380 | 0.26% | Shares |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC | $11,054,408 | 53,452 | 0.25% | Shares |
| ArrowMark Colorado Holdings LLC | $10,972,718 | 53,057 | 0.25% | Shares |
| STIFEL FINANCIAL CORP | $10,303,422 | 49,821 | 0.24% | Shares |
| Clearbridge Investments, LLC | $10,227,201 | 49,452 | 0.23% | Shares |
| Trivium Point Advisory, LLC | $10,218,546 | 49,410 | 0.23% | Shares |
| Squarepoint Ops LLC | $9,919,642 | 47,965 | 0.23% | Shares |
| MUFG Securities EMEA plc | $9,720,070 | 47,000 | 0.22% | Shares |
| BARCLAYS PLC | $9,331,474 | 45,121 | 0.21% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $9,310,586 | 45,020 | 0.21% | Shares |
| Focus Partners Wealth | $9,041,163 | 43,714 | 0.21% | Shares |
| Point72 Asset Management, L.P. | $8,620,461 | 41,683 | 0.20% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $8,203,945 | 39,669 | 0.19% | Shares |
| NATIXIS | $7,890,008 | 38,151 | 0.18% | Shares |
| River Road Asset Management, LLC | $7,565,317 | 36,581 | 0.17% | Shares |
| REGIONS FINANCIAL CORP | $7,498,723 | 36,259 | 0.17% | Shares |
| Bridge City Capital, LLC | $7,417,654 | 35,867 | 0.17% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $7,388,287 | 35,725 | 0.17% | Shares |
| Callan Family Office, LLC | $7,370,085 | 35,637 | 0.17% | Shares |
| IEQ CAPITAL, LLC | $7,350,299 | 35,541 | 0.17% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $7,243,520 | 35,025 | 0.17% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $7,214,153 | 34,883 | 0.17% | Shares |
| Man Group plc | $7,187,475 | 34,754 | 0.16% | Shares |
| Ballast Asset Management, LP | $7,014,788 | 33,919 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $6,954,400 | 33,627 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $6,925,860 | 33,489 | 0.16% | Shares |
| Schonfeld Strategic Advisors LLC | $6,880,774 | 33,271 | 0.16% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $6,737,870 | 32,580 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $6,563,733 | 40,944 | 0.15% | Shares |
| Trexquant Investment LP | $6,518,444 | 31,519 | 0.15% | Shares |
| VAN ECK ASSOCIATES CORP | $6,212,986 | 30,042 | 0.14% | Shares |
| ING GROEP NV | $6,204,300 | 30,000 | 0.14% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $6,065,530 | 29,329 | 0.14% | Shares |
| Assenagon Asset Management S.A. | $6,064,496 | 29,324 | 0.14% | Shares |
| UBS Group AG | $6,018,378 | 29,101 | 0.14% | Shares |
| HSBC HOLDINGS PLC | $5,977,333 | 28,837 | 0.14% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5,958,610 | 28,812 | 0.14% | Shares |
| Holocene Advisors, LP | $5,934,620 | 28,696 | 0.14% | Shares |
| GHP Investment Advisors, Inc. | $5,635,855 | 35,156 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $5,442,742 | 26,318 | 0.12% | Shares |
| Caisse de depot et placement du Quebec | $5,260,626 | 25,437 | 0.12% | Shares |
| Cardinal Capital Management | $5,219,885 | 25,240 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $5,175,426 | 25,025 | 0.12% | Shares |
| 4D Advisors, LLC | $5,170,250 | 25,000 | 0.12% | Shares |
| Quadrature Capital Ltd | $5,140,056 | 24,854 | 0.12% | Shares |
Company insiders 37 insiders · 20 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Frank A Lonegro | President & CEO | Feb. 2, 2026 F | 23,110 | 0 | 0 | $0 |
| James B Gattoni | President & CEO | Jan. 31, 2024 F | 78,025 | 0 | 0 | $0 |
| James P Todd | VP and CFO | June 15, 2026 S | 15,122 | 0 | 1 | $-261,804 |
| Federico L Pensotti | VP and CFO | July 1, 2022 D | 3,560 | 0 | 0 | $0 |
| Kevin L Stout | VP, CFO and Asst Secretary | Oct. 27, 2020 S | 28,861 | 0 | 0 | $0 |
| Joseph J Beacom | President of LSHI | Jan. 31, 2025 F | 20,442 | 0 | 0 | $0 |
| PUNDT JEFFREY L | President - Landstar Carrier | Feb. 13, 2007 M | 22,580 | 0 | 0 | $0 |
| Jim M Handoush | Co-Chief Operating Officer | Jan. 4, 2011 D | 29,937 | 0 | 0 | $0 |
| Matthew Miller | Chief Safety & Operations | March 15, 2026 F | 4,841 | 0 | 0 | $0 |
| Terri M Lewis | Chief Human Resources Officer | Feb. 23, 2026 A | 4,511 | 0 | 0 | $0 |
| Matthew M Dannegger | Chief Field Sales Officer | Jan. 31, 2026 F | 5,556 | 0 | 0 | $0 |
| James M Applegate | Chief Corp Sales, Strat, S Frt | Jan. 31, 2026 F | 8,102 | 0 | 0 | $0 |
| Ricardo S Coro | Vice President - CIO | Jan. 31, 2026 F | 22,855 | 0 | 0 | $0 |
| Michael K Kneller | VP General Counsel & Secy | Jan. 31, 2026 F | 63,560 | 0 | 0 | $0 |
| Aimee M Cooper | VP & CAO | Jan. 31, 2025 F | 16,346 | 0 | 0 | $0 |
| Robert S Brasher | VP & Chief Commercial Officer | Feb. 3, 2023 A | 22,005 | 0 | 0 | $0 |
| Patrick J O'Malley | VP, CCO, CMO | May 6, 2019 S | 20,929 | 0 | 0 | $0 |
| Larry S Thomas | Vice President - CIO | Feb. 2, 2017 A | 24,152 | 0 | 0 | $0 |
| STANLEY RONALD G | VP - Corp Bus Dev | May 3, 2007 M | 54,355 | 0 | 0 | $0 |
| LAROSE ROBERT C | Special Advisor | April 25, 2007 S | 20,000 | 0 | 0 | $0 |
| Diana M Murphy | Director | June 5, 2026 S | 18,853 | 0 | 1 | $-2,488,515 |
| Jonathan Barr Blanton | Director | May 6, 2026 A | 1,470 | 0 | 0 | $0 |
| Dr. Homaira Akbari | Director | May 6, 2026 A | 13,974 | 0 | 0 | $0 |
| James L Liang | Director | May 6, 2026 A | 4,658 | 0 | 0 | $0 |
| Melanie M Hart | Director | May 6, 2026 A | 1,470 | 0 | 0 | $0 |
| Teresa L White | Director | May 6, 2026 A | 4,658 | 0 | 0 | $0 |
| George P Scanlon | Director | May 6, 2026 A | 9,483 | 0 | 0 | $0 |
| David G/ Bannister | Director | May 6, 2026 A | 26,513 | 0 | 0 | $0 |
| Anthony J Orlando | Director | May 19, 2025 A | 14,029 | 0 | 0 | $0 |
| Michael A Henning | Director | May 18, 2016 A | 19,427 | 0 | 0 | $0 |
| GERKENS HENRY H | Director | Jan. 27, 2015 F | 39,573 | 0 | 0 | $0 |
| CROWE JEFFREY C | Director | Feb. 4, 2014 D | 34,855 | 0 | 0 | $0 |
| William S Elston | Director | June 30, 2012 D | 9,284 | 0 | 0 | $0 |
| DRUCKER RONALD W | Director | March 12, 2009 S | 50,000 | 0 | 0 | $0 |
| MOTT MERRITT J | Director | March 16, 2006 M | 41,400 | 0 | 0 | $0 |
| William C Clement | — | Aug. 1, 2026 A | 4,924 | 0 | 0 | $0 |
| Larry J Thoele | — | May 13, 2021 A | 12,306 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 99 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| OUSM · ALPS ETF Trust | 1.94% | 82,356 NS | May 31, 2026 | N-PORT |
| SUPL · ProShares Trust | 1.30% | 145 NS | May 31, 2026 | N-PORT |
| SMCO · Tidal Trust II | 1.29% | 9,063 NS | April 30, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 0.97% | 52 NS | April 30, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.96% | 8,827 NS | April 30, 2026 | N-PORT |
| SMMV · iShares Trust | 0.78% | 12,762 SH | Aug. 8, 2026 | Daily |
| IYT · iShares Trust | 0.76% | 95,504 SH | Aug. 8, 2026 | Daily |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.73% | 225,160 SH | Aug. 8, 2026 | Daily |
| TPOR · Direxion Shares ETF Trust | 0.64% | 625 NS | April 30, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.60% | 13,692 SH | Aug. 8, 2026 | Daily |
| CLSE · Trust for Professional Managers | 0.47% | 14,089 NS | May 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.42% | 12,201 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.40% | 29,134 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.34% | 172,580 SH | Aug. 8, 2026 | Daily |
| SHPP · Pacer Funds Trust | 0.30% | 33 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.28% | 46 NS | May 29, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.28% | 1,232 NS | April 30, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.27% | 698 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.21% | 1,620 NS | May 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.19% | 6,166 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.19% | 54,740 SH | Aug. 8, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 76,732 NS | April 30, 2026 | N-PORT |
| XJH · iShares Trust | 0.19% | 4,583 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.18% | 3,912 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.18% | 4,280 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.17% | 5,628 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.17% | 27,341 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.17% | 1,170,690 SH | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 3,922 NS | April 30, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.16% | 11,580 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.15% | 1,177 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.15% | 163,623 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.14% | 18,469 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.13% | 92,088 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 14,146 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.12% | 95,017 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.12% | 564 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.11% | 164 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.11% | 4,157 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.10% | 224,253 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.09% | 1,516 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.09% | 10,247 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.09% | 41,212 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.08% | 4,710 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.08% | 389,543 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.08% | 778,265 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.08% | 16,901 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.07% | 246,988 SH | Aug. 8, 2026 | Daily |
| IYJ · iShares Trust | 0.07% | 7,634 SH | Aug. 8, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.06% | 841 NS | May 29, 2026 | N-PORT |