Landstar System Inc (LSTR)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	348,095	395,650	446,707	507,763	567,463	591,212	589,208	561,176	501,692	437,349	388,246	298,170	248,997	231,258	219,788	268,725	295,780	315,269	331,684	334,160
Revenue (ttm)	US$ in thousands	5,303,320	5,773,650	6,300,440	6,901,640	7,436,560	7,706,810	7,624,980	7,220,640	6,537,570	5,888,910	5,240,160	4,492,954	4,132,990	3,831,509	3,757,619	3,979,145	4,084,579	4,272,050	4,462,470	4,600,220
Pretax margin		6.56%	6.85%	7.09%	7.36%	7.63%	7.67%	7.73%	7.77%	7.67%	7.43%	7.41%	6.64%	6.02%	6.04%	5.85%	6.75%	7.24%	7.38%	7.43%	7.26%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $348,095K ÷ $5,303,320K
= 6.56%

The pretax margin of Landstar System Inc has shown some variability over the past few quarters. It stood at 6.56% as of December 31, 2023, slightly lower compared to the previous quarter but generally within a narrow range. The company's profitability before taxes has fluctuated between 5.85% and 7.77% over the last two years, with the highest point recorded in the second quarter of 2022. Overall, Landstar's pretax margin demonstrates a relatively stable performance, remaining above 6% for most periods, indicating efficient cost management and generating profits before accounting for taxes.