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Side-by-side financial comparison of AvalonBay Communities (AVB) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.

LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $767.9M, roughly 1.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 3.4%, a 9037.2% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs 1.6%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -2.2%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

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, ...

AVB vs LSTR — Head-to-Head

Bigger by revenue
LSTR
LSTR
1.5× larger
LSTR
$1.2B
$767.9M
AVB
Growing faster (revenue YoY)
AVB
AVB
+2.1% gap
AVB
3.7%
1.6%
LSTR
Higher net margin
AVB
AVB
9037.2% more per $
AVB
9040.6%
3.4%
LSTR
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
-2.2%
LSTR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVB
AVB
LSTR
LSTR
Revenue
$767.9M
$1.2B
Net Profit
$166.0M
$39.4M
Gross Margin
9.6%
Operating Margin
64.2%
4.5%
Net Margin
9040.6%
3.4%
Revenue YoY
3.7%
1.6%
Net Profit YoY
-41.2%
32.3%
EPS (diluted)
$1.18
$1.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVB
AVB
LSTR
LSTR
Q1 26
$1.2B
Q4 25
$767.9M
$1.2B
Q3 25
$766.8M
$1.2B
Q2 25
$760.2M
$1.2B
Q1 25
$745.9M
$1.2B
Q4 24
$740.5M
$1.2B
Q3 24
$734.3M
$1.2B
Q2 24
$726.0M
$1.2B
Net Profit
AVB
AVB
LSTR
LSTR
Q1 26
$39.4M
Q4 25
$166.0M
$23.9M
Q3 25
$381.3M
$19.4M
Q2 25
$268.7M
$41.9M
Q1 25
$236.6M
$29.8M
Q4 24
$282.1M
$46.2M
Q3 24
$372.5M
$50.0M
Q2 24
$253.9M
$52.6M
Gross Margin
AVB
AVB
LSTR
LSTR
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
AVB
AVB
LSTR
LSTR
Q1 26
4.5%
Q4 25
64.2%
2.5%
Q3 25
65.7%
2.2%
Q2 25
67.6%
4.6%
Q1 25
68.5%
3.4%
Q4 24
63.1%
4.8%
Q3 24
65.4%
5.2%
Q2 24
66.6%
5.6%
Net Margin
AVB
AVB
LSTR
LSTR
Q1 26
3.4%
Q4 25
9040.6%
2.0%
Q3 25
49.7%
1.6%
Q2 25
35.3%
3.5%
Q1 25
31.7%
2.6%
Q4 24
38.1%
3.8%
Q3 24
50.7%
4.1%
Q2 24
35.0%
4.3%
EPS (diluted)
AVB
AVB
LSTR
LSTR
Q1 26
$1.16
Q4 25
$1.18
$0.70
Q3 25
$2.68
$0.56
Q2 25
$1.88
$1.20
Q1 25
$1.66
$0.85
Q4 24
$1.99
$1.30
Q3 24
$2.61
$1.41
Q2 24
$1.78
$1.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVB
AVB
LSTR
LSTR
Cash + ST InvestmentsLiquidity on hand
$187.2M
$411.0M
Total DebtLower is stronger
$9.3B
$26.1M
Stockholders' EquityBook value
$11.6B
$799.0M
Total Assets
$22.2B
$1.6B
Debt / EquityLower = less leverage
0.80×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
LSTR
LSTR
Q1 26
$411.0M
Q4 25
$187.2M
$452.2M
Q3 25
$123.3M
$434.4M
Q2 25
$102.8M
$426.2M
Q1 25
$53.3M
$473.4M
Q4 24
$108.6M
$566.6M
Q3 24
$552.4M
$531.3M
Q2 24
$545.8M
$504.0M
Total Debt
AVB
AVB
LSTR
LSTR
Q1 26
$26.1M
Q4 25
$9.3B
$0
Q3 25
$8.7B
$0
Q2 25
$8.7B
$0
Q1 25
$8.3B
$0
Q4 24
$8.1B
$0
Q3 24
$8.4B
$0
Q2 24
$8.4B
$0
Stockholders' Equity
AVB
AVB
LSTR
LSTR
Q1 26
$799.0M
Q4 25
$11.6B
$795.7M
Q3 25
$11.9B
$888.7M
Q2 25
$11.9B
$921.8M
Q1 25
$11.9B
$930.8M
Q4 24
$11.9B
$972.4M
Q3 24
$11.9B
$1.0B
Q2 24
$11.7B
$1.0B
Total Assets
AVB
AVB
LSTR
LSTR
Q1 26
$1.6B
Q4 25
$22.2B
$1.6B
Q3 25
$21.9B
$1.7B
Q2 25
$21.8B
$1.7B
Q1 25
$21.2B
$1.7B
Q4 24
$21.0B
$1.8B
Q3 24
$21.3B
$1.8B
Q2 24
$21.0B
$1.8B
Debt / Equity
AVB
AVB
LSTR
LSTR
Q1 26
0.03×
Q4 25
0.80×
0.00×
Q3 25
0.73×
0.00×
Q2 25
0.72×
0.00×
Q1 25
0.70×
0.00×
Q4 24
0.68×
0.00×
Q3 24
0.70×
0.00×
Q2 24
0.71×
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVB
AVB
LSTR
LSTR
Operating Cash FlowLast quarter
$1.7B
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
183.5%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
LSTR
LSTR
Q1 26
Q4 25
$1.7B
$72.7M
Q3 25
$477.0M
$89.3M
Q2 25
$377.8M
$7.1M
Q1 25
$415.9M
$55.7M
Q4 24
$1.6B
$61.1M
Q3 24
$486.2M
$83.1M
Q2 24
$380.0M
$48.1M
Free Cash Flow
AVB
AVB
LSTR
LSTR
Q1 26
Q4 25
$1.4B
$70.5M
Q3 25
$402.2M
$86.0M
Q2 25
$317.1M
$4.7M
Q1 25
$367.5M
$53.8M
Q4 24
$1.4B
$54.4M
Q3 24
$434.2M
$75.6M
Q2 24
$333.0M
$40.6M
FCF Margin
AVB
AVB
LSTR
LSTR
Q1 26
Q4 25
183.5%
6.0%
Q3 25
52.5%
7.1%
Q2 25
41.7%
0.4%
Q1 25
49.3%
4.7%
Q4 24
191.0%
4.5%
Q3 24
59.1%
6.2%
Q2 24
45.9%
3.3%
Capex Intensity
AVB
AVB
LSTR
LSTR
Q1 26
Q4 25
34.1%
0.2%
Q3 25
9.8%
0.3%
Q2 25
8.0%
0.2%
Q1 25
6.5%
0.2%
Q4 24
26.1%
0.6%
Q3 24
7.1%
0.6%
Q2 24
6.5%
0.6%
Cash Conversion
AVB
AVB
LSTR
LSTR
Q1 26
Q4 25
10.07×
3.04×
Q3 25
1.25×
4.61×
Q2 25
1.41×
0.17×
Q1 25
1.76×
1.87×
Q4 24
5.70×
1.32×
Q3 24
1.31×
1.66×
Q2 24
1.50×
0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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