Landstar System (LSTR) Notes Payables (2009 - 2026)

At the end of FY2025, Short-Term Borrowings at Landstar System came in at $56.65 million, down 7.2% from FY2024.

• Short-Term Borrowings has now declined for four consecutive years, with a five-year compound annual growth rate of -5.4% (FY2020 to FY2025).
• In earlier years, Short-Term Borrowings was $61.03 million in FY2024 (-0.8%), $61.54 million in FY2023 (-33.8%), $92.95 million in FY2022 (-20.2%) and $116.48 million in FY2021 (+55.8%).
• Quarterly Short-Term Borrowings has moved between $47.99 million (Q3 2025) and $116.48 million (Q4 2021) over five years.
• Compared with a year earlier, Short-Term Borrowings was higher in three of the last eight quarters, with growth averaging 7.4%.
• The best year-over-year quarter for Short-Term Borrowings over five years was Q2 2022 (growth of 61.0%); the worst was Q3 2023 (a decline of 50.8%).
• Per Business Quant data, LSTR's Short-Term Borrowings in the three quarters before Q3 2026 was $71.85 million (Q2 2026), $54.43 million (Q1 2026) and $56.65 million (Q4 2025).