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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) 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 $975.0M, roughly 1.2× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 1.6%). Over the past eight quarters, BREAD FINANCIAL HOLDINGS, INC.'s revenue compounded faster (-0.8% CAGR vs -2.2%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
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, ...
BFH vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.2B |
| Net Profit | — | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | 4.9% | 4.5% |
| Net Margin | — | 3.4% |
| Revenue YoY | 5.4% | 1.6% |
| Net Profit YoY | — | 32.3% |
| EPS (diluted) | $1.21 | $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 | — | $1.2B | ||
| Q4 25 | $975.0M | $1.2B | ||
| Q3 25 | $971.0M | $1.2B | ||
| Q2 25 | $929.0M | $1.2B | ||
| Q1 25 | $970.0M | $1.2B | ||
| Q4 24 | $925.0M | $1.2B | ||
| Q3 24 | $983.0M | $1.2B | ||
| Q2 24 | $939.0M | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | — | $23.9M | ||
| Q3 25 | $188.0M | $19.4M | ||
| Q2 25 | $139.0M | $41.9M | ||
| Q1 25 | $138.0M | $29.8M | ||
| Q4 24 | — | $46.2M | ||
| Q3 24 | $2.0M | $50.0M | ||
| Q2 24 | $133.0M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 4.9% | 2.5% | ||
| Q3 25 | 20.2% | 2.2% | ||
| Q2 25 | 18.7% | 4.6% | ||
| Q1 25 | 20.3% | 3.4% | ||
| Q4 24 | -2.9% | 4.8% | ||
| Q3 24 | 4.1% | 5.2% | ||
| Q2 24 | 19.2% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 19.4% | 1.6% | ||
| Q2 25 | 15.0% | 3.5% | ||
| Q1 25 | 14.2% | 2.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 14.2% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $1.21 | $0.70 | ||
| Q3 25 | $3.96 | $0.56 | ||
| Q2 25 | $2.94 | $1.20 | ||
| Q1 25 | $2.78 | $0.85 | ||
| Q4 24 | $0.08 | $1.30 | ||
| Q3 24 | $0.05 | $1.41 | ||
| Q2 24 | $2.66 | $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 | $3.6B | $411.0M |
| Total DebtLower is stronger | $4.3B | $26.1M |
| Stockholders' EquityBook value | $3.3B | $799.0M |
| Total Assets | $22.7B | $1.6B |
| Debt / EquityLower = less leverage | 1.29× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $3.6B | $452.2M | ||
| Q3 25 | $3.8B | $434.4M | ||
| Q2 25 | $3.8B | $426.2M | ||
| Q1 25 | $4.2B | $473.4M | ||
| Q4 24 | $4.0B | $566.6M | ||
| Q3 24 | $3.5B | $531.3M | ||
| Q2 24 | $4.1B | $504.0M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $4.3B | $0 | ||
| Q3 25 | $3.8B | $0 | ||
| Q2 25 | $4.2B | $0 | ||
| Q1 25 | $5.1B | $0 | ||
| Q4 24 | $5.6B | $0 | ||
| Q3 24 | $4.6B | $0 | ||
| Q2 24 | — | $0 |
| Q1 26 | — | $799.0M | ||
| Q4 25 | $3.3B | $795.7M | ||
| Q3 25 | $3.3B | $888.7M | ||
| Q2 25 | $3.2B | $921.8M | ||
| Q1 25 | $3.1B | $930.8M | ||
| Q4 24 | $3.1B | $972.4M | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.2B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $22.7B | $1.6B | ||
| Q3 25 | $21.7B | $1.7B | ||
| Q2 25 | $21.8B | $1.7B | ||
| Q1 25 | $22.4B | $1.7B | ||
| Q4 24 | $22.9B | $1.8B | ||
| Q3 24 | $21.7B | $1.8B | ||
| Q2 24 | $22.1B | $1.8B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | 1.29× | 0.00× | ||
| Q3 25 | 1.14× | 0.00× | ||
| Q2 25 | 1.34× | 0.00× | ||
| Q1 25 | 1.67× | 0.00× | ||
| Q4 24 | 1.82× | 0.00× | ||
| Q3 24 | 1.47× | 0.00× | ||
| Q2 24 | — | 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 | $568.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $568.0M | $72.7M | ||
| Q3 25 | $605.0M | $89.3M | ||
| Q2 25 | $526.0M | $7.1M | ||
| Q1 25 | $393.0M | $55.7M | ||
| Q4 24 | $479.0M | $61.1M | ||
| Q3 24 | $456.0M | $83.1M | ||
| Q2 24 | $477.0M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.5M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $54.4M | ||
| Q3 24 | — | $75.6M | ||
| Q2 24 | — | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.04× | ||
| Q3 25 | 3.22× | 4.61× | ||
| Q2 25 | 3.78× | 0.17× | ||
| Q1 25 | 2.85× | 1.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 228.00× | 1.66× | ||
| Q2 24 | 3.59× | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
