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Side-by-side financial comparison of Avery Dennison (AVY) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 2.0× LANDSTAR SYSTEM INC). Avery Dennison runs the higher net margin — 7.3% vs 3.4%, a 3.9% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs 1.6%). Over the past eight quarters, Avery Dennison's revenue compounded faster (1.4% CAGR vs -2.2%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
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, ...
AVY vs LSTR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.2B |
| Net Profit | $168.1M | $39.4M |
| Gross Margin | 28.9% | 9.6% |
| Operating Margin | 10.7% | 4.5% |
| Net Margin | 7.3% | 3.4% |
| Revenue YoY | 7.0% | 1.6% |
| Net Profit YoY | 1.1% | 32.3% |
| EPS (diluted) | — | $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.
| Q1 26 | $2.3B | $1.2B | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
| Q1 26 | $168.1M | $39.4M | ||
| Q4 25 | $166.4M | $23.9M | ||
| Q3 25 | $166.3M | $19.4M | ||
| Q2 25 | $189.0M | $41.9M | ||
| Q1 25 | $166.3M | $29.8M | ||
| Q4 24 | $174.0M | $46.2M | ||
| Q3 24 | $181.7M | $50.0M | ||
| Q2 24 | $176.8M | $52.6M |
| Q1 26 | 28.9% | 9.6% | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | 4.5% | ||
| Q4 25 | 9.1% | 2.5% | ||
| Q3 25 | 10.6% | 2.2% | ||
| Q2 25 | 11.5% | 4.6% | ||
| Q1 25 | 10.6% | 3.4% | ||
| Q4 24 | 11.0% | 4.8% | ||
| Q3 24 | 11.0% | 5.2% | ||
| Q2 24 | 10.7% | 5.6% |
| Q1 26 | 7.3% | 3.4% | ||
| Q4 25 | 7.3% | 2.0% | ||
| Q3 25 | 7.5% | 1.6% | ||
| Q2 25 | 8.5% | 3.5% | ||
| Q1 25 | 7.7% | 2.6% | ||
| Q4 24 | 8.0% | 3.8% | ||
| Q3 24 | 8.3% | 4.1% | ||
| Q2 24 | 7.9% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $2.16 | $0.70 | ||
| Q3 25 | $2.13 | $0.56 | ||
| Q2 25 | $2.41 | $1.20 | ||
| Q1 25 | $2.09 | $0.85 | ||
| Q4 24 | $2.17 | $1.30 | ||
| Q3 24 | $2.25 | $1.41 | ||
| Q2 24 | $2.18 | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.1M | $411.0M |
| Total DebtLower is stronger | $3.2B | $26.1M |
| Stockholders' EquityBook value | $2.3B | $799.0M |
| Total Assets | $9.0B | $1.6B |
| Debt / EquityLower = less leverage | 1.38× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | $411.0M | ||
| Q4 25 | $202.8M | $452.2M | ||
| Q3 25 | $536.3M | $434.4M | ||
| Q2 25 | $215.9M | $426.2M | ||
| Q1 25 | $195.9M | $473.4M | ||
| Q4 24 | $329.1M | $566.6M | ||
| Q3 24 | $212.7M | $531.3M | ||
| Q2 24 | $208.8M | $504.0M |
| Q1 26 | $3.2B | $26.1M | ||
| Q4 25 | $3.2B | $0 | ||
| Q3 25 | $3.2B | $0 | ||
| Q2 25 | $2.6B | $0 | ||
| Q1 25 | $2.6B | $0 | ||
| Q4 24 | $2.6B | $0 | ||
| Q3 24 | $2.0B | $0 | ||
| Q2 24 | $2.0B | $0 |
| Q1 26 | $2.3B | $799.0M | ||
| Q4 25 | $2.2B | $795.7M | ||
| Q3 25 | $2.2B | $888.7M | ||
| Q2 25 | $2.2B | $921.8M | ||
| Q1 25 | $2.2B | $930.8M | ||
| Q4 24 | $2.3B | $972.4M | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.3B | $1.0B |
| Q1 26 | $9.0B | $1.6B | ||
| Q4 25 | $8.8B | $1.6B | ||
| Q3 25 | $8.9B | $1.7B | ||
| Q2 25 | $8.6B | $1.7B | ||
| Q1 25 | $8.4B | $1.7B | ||
| Q4 24 | $8.4B | $1.8B | ||
| Q3 24 | $8.5B | $1.8B | ||
| Q2 24 | $8.3B | $1.8B |
| Q1 26 | 1.38× | 0.03× | ||
| Q4 25 | 1.43× | 0.00× | ||
| Q3 25 | 1.45× | 0.00× | ||
| Q2 25 | 1.19× | 0.00× | ||
| Q1 25 | 1.19× | 0.00× | ||
| Q4 24 | 1.11× | 0.00× | ||
| Q3 24 | 0.85× | 0.00× | ||
| Q2 24 | 0.89× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $104.4M | — |
| FCF MarginFCF / Revenue | 4.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $72.7M | ||
| Q3 25 | $312.1M | $89.3M | ||
| Q2 25 | $208.8M | $7.1M | ||
| Q1 25 | $-16.3M | $55.7M | ||
| Q4 24 | $351.2M | $61.1M | ||
| Q3 24 | $270.1M | $83.1M | ||
| Q2 24 | $197.7M | $48.1M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $70.5M | ||
| Q3 25 | $276.2M | $86.0M | ||
| Q2 25 | $178.8M | $4.7M | ||
| Q1 25 | $-52.3M | $53.8M | ||
| Q4 24 | $281.7M | $54.4M | ||
| Q3 24 | $227.1M | $75.6M | ||
| Q2 24 | $150.2M | $40.6M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 6.0% | ||
| Q3 25 | 12.5% | 7.1% | ||
| Q2 25 | 8.1% | 0.4% | ||
| Q1 25 | -2.4% | 4.7% | ||
| Q4 24 | 12.9% | 4.5% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | 6.7% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.2% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 3.2% | 0.6% | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 2.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 3.04× | ||
| Q3 25 | 1.88× | 4.61× | ||
| Q2 25 | 1.10× | 0.17× | ||
| Q1 25 | -0.10× | 1.87× | ||
| Q4 24 | 2.02× | 1.32× | ||
| Q3 24 | 1.49× | 1.66× | ||
| Q2 24 | 1.12× | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
LSTR
Segment breakdown not available.
