Flagship explainer

What drives LANDSTAR SYSTEM, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity13%Tax burden76%net income ÷ pretax incomeInterest burden99%pretax ÷ operating incomeOperating margin3%operating income ÷ revenueAsset turnover2.75×revenue ÷ average assetsEquity multiplier1.95×average assets ÷ average equityAs of 2025-12-27 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$115MFY2025
Income before tax$151MFY2025
Operating income$152MFY2025
$4.7BFY2025
Ending assets$1.6BFY2025
Beginning assets$1.8BFY2024
$796MFY2025
$972MFY2024
Source: · event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set
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