vs

Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.8× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 3.4%, a 26.0% gap on every dollar of revenue.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

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, ...

DEC vs LSTR — Head-to-Head

Bigger by revenue
LSTR
LSTR
1.8× larger
LSTR
$1.2B
$666.5M
DEC
Higher net margin
DEC
DEC
26.0% more per $
DEC
29.3%
3.4%
LSTR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DEC
DEC
LSTR
LSTR
Revenue
$666.5M
$1.2B
Net Profit
$195.5M
$39.4M
Gross Margin
9.6%
Operating Margin
37.6%
4.5%
Net Margin
29.3%
3.4%
Revenue YoY
1.6%
Net Profit YoY
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.

Revenue
DEC
DEC
LSTR
LSTR
Q1 26
$1.2B
Q4 25
$666.5M
$1.2B
Q3 25
$499.8M
$1.2B
Q2 25
$600.3M
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Net Profit
DEC
DEC
LSTR
LSTR
Q1 26
$39.4M
Q4 25
$195.5M
$23.9M
Q3 25
$171.1M
$19.4M
Q2 25
$297.7M
$41.9M
Q1 25
$29.8M
Q4 24
$46.2M
Q3 24
$50.0M
Q2 24
$52.6M
Gross Margin
DEC
DEC
LSTR
LSTR
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
44.7%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
DEC
DEC
LSTR
LSTR
Q1 26
4.5%
Q4 25
37.6%
2.5%
Q3 25
36.2%
2.2%
Q2 25
48.5%
4.6%
Q1 25
3.4%
Q4 24
4.8%
Q3 24
5.2%
Q2 24
5.6%
Net Margin
DEC
DEC
LSTR
LSTR
Q1 26
3.4%
Q4 25
29.3%
2.0%
Q3 25
34.2%
1.6%
Q2 25
49.6%
3.5%
Q1 25
2.6%
Q4 24
3.8%
Q3 24
4.1%
Q2 24
4.3%
EPS (diluted)
DEC
DEC
LSTR
LSTR
Q1 26
$1.16
Q4 25
$0.70
Q3 25
$2.14
$0.56
Q2 25
$3.67
$1.20
Q1 25
$0.85
Q4 24
$1.30
Q3 24
$1.41
Q2 24
$1.48

Balance Sheet & Financial Strength

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

Metric
DEC
DEC
LSTR
LSTR
Cash + ST InvestmentsLiquidity on hand
$29.7M
$411.0M
Total DebtLower is stronger
$2.7B
$26.1M
Stockholders' EquityBook value
$984.1M
$799.0M
Total Assets
$6.2B
$1.6B
Debt / EquityLower = less leverage
2.76×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DEC
DEC
LSTR
LSTR
Q1 26
$411.0M
Q4 25
$29.7M
$452.2M
Q3 25
$434.4M
Q2 25
$23.7M
$426.2M
Q1 25
$473.4M
Q4 24
$566.6M
Q3 24
$531.3M
Q2 24
$504.0M
Total Debt
DEC
DEC
LSTR
LSTR
Q1 26
$26.1M
Q4 25
$2.7B
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
DEC
DEC
LSTR
LSTR
Q1 26
$799.0M
Q4 25
$984.1M
$795.7M
Q3 25
$888.7M
Q2 25
$727.7M
$921.8M
Q1 25
$930.8M
Q4 24
$972.4M
Q3 24
$1.0B
Q2 24
$1.0B
Total Assets
DEC
DEC
LSTR
LSTR
Q1 26
$1.6B
Q4 25
$6.2B
$1.6B
Q3 25
$1.7B
Q2 25
$5.7B
$1.7B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Debt / Equity
DEC
DEC
LSTR
LSTR
Q1 26
0.03×
Q4 25
2.76×
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
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
DEC
DEC
LSTR
LSTR
Operating Cash FlowLast quarter
$464.6M
Free Cash FlowOCF − Capex
$280.0M
FCF MarginFCF / Revenue
42.0%
Capex IntensityCapex / Revenue
27.7%
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DEC
DEC
LSTR
LSTR
Q1 26
Q4 25
$464.6M
$72.7M
Q3 25
$89.3M
Q2 25
$264.1M
$7.1M
Q1 25
$55.7M
Q4 24
$61.1M
Q3 24
$83.1M
Q2 24
$48.1M
Free Cash Flow
DEC
DEC
LSTR
LSTR
Q1 26
Q4 25
$280.0M
$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
FCF Margin
DEC
DEC
LSTR
LSTR
Q1 26
Q4 25
42.0%
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%
Capex Intensity
DEC
DEC
LSTR
LSTR
Q1 26
Q4 25
27.7%
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%
Cash Conversion
DEC
DEC
LSTR
LSTR
Q1 26
Q4 25
2.38×
3.04×
Q3 25
4.61×
Q2 25
0.89×
0.17×
Q1 25
1.87×
Q4 24
1.32×
Q3 24
1.66×
Q2 24
0.91×

Financial Flow Comparison

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

Related Comparisons