vs
Side-by-side financial comparison of EPAM Systems (EPAM) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
EPAM Systems is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× LANDSTAR SYSTEM INC). EPAM Systems runs the higher net margin — 7.8% vs 3.4%, a 4.4% gap on every dollar of revenue. On growth, EPAM Systems posted the faster year-over-year revenue change (12.8% vs 1.6%). Over the past eight quarters, EPAM Systems's revenue compounded faster (9.9% CAGR vs -2.2%).
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
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, ...
EPAM vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $109.4M | $39.4M |
| Gross Margin | 30.1% | 9.6% |
| Operating Margin | 10.6% | 4.5% |
| Net Margin | 7.8% | 3.4% |
| Revenue YoY | 12.8% | 1.6% |
| Net Profit YoY | 5.9% | 32.3% |
| EPS (diluted) | $1.97 | $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 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $109.4M | $23.9M | ||
| Q3 25 | $106.8M | $19.4M | ||
| Q2 25 | $88.0M | $41.9M | ||
| Q1 25 | $73.5M | $29.8M | ||
| Q4 24 | $103.3M | $46.2M | ||
| Q3 24 | $136.3M | $50.0M | ||
| Q2 24 | $98.6M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 26.9% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 29.3% | — |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 10.6% | 2.5% | ||
| Q3 25 | 10.4% | 2.2% | ||
| Q2 25 | 9.3% | 4.6% | ||
| Q1 25 | 7.6% | 3.4% | ||
| Q4 24 | 10.9% | 4.8% | ||
| Q3 24 | 15.2% | 5.2% | ||
| Q2 24 | 10.5% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 7.7% | 1.6% | ||
| Q2 25 | 6.5% | 3.5% | ||
| Q1 25 | 5.6% | 2.6% | ||
| Q4 24 | 8.3% | 3.8% | ||
| Q3 24 | 11.7% | 4.1% | ||
| Q2 24 | 8.6% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $1.97 | $0.70 | ||
| Q3 25 | $1.91 | $0.56 | ||
| Q2 25 | $1.56 | $1.20 | ||
| Q1 25 | $1.28 | $0.85 | ||
| Q4 24 | $1.80 | $1.30 | ||
| Q3 24 | $2.37 | $1.41 | ||
| Q2 24 | $1.70 | $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 | $1.3B | $411.0M |
| Total DebtLower is stronger | — | $26.1M |
| Stockholders' EquityBook value | $3.7B | $799.0M |
| Total Assets | $4.9B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $1.3B | $452.2M | ||
| Q3 25 | $1.2B | $434.4M | ||
| Q2 25 | $1.0B | $426.2M | ||
| Q1 25 | $1.2B | $473.4M | ||
| Q4 24 | $1.3B | $566.6M | ||
| Q3 24 | $2.1B | $531.3M | ||
| Q2 24 | $1.8B | $504.0M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
| Q1 26 | — | $799.0M | ||
| Q4 25 | $3.7B | $795.7M | ||
| Q3 25 | $3.7B | $888.7M | ||
| Q2 25 | $3.7B | $921.8M | ||
| Q1 25 | $3.6B | $930.8M | ||
| Q4 24 | $3.6B | $972.4M | ||
| Q3 24 | $3.6B | $1.0B | ||
| Q2 24 | $3.4B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.9B | $1.6B | ||
| Q3 25 | $4.8B | $1.7B | ||
| Q2 25 | $4.7B | $1.7B | ||
| Q1 25 | $4.7B | $1.7B | ||
| Q4 24 | $4.8B | $1.8B | ||
| Q3 24 | $4.5B | $1.8B | ||
| Q2 24 | $4.2B | $1.8B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $282.9M | — |
| Free Cash FlowOCF − Capex | $268.1M | — |
| FCF MarginFCF / Revenue | 19.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 2.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $612.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.9M | $72.7M | ||
| Q3 25 | $294.7M | $89.3M | ||
| Q2 25 | $53.2M | $7.1M | ||
| Q1 25 | $24.2M | $55.7M | ||
| Q4 24 | $130.3M | $61.1M | ||
| Q3 24 | $242.0M | $83.1M | ||
| Q2 24 | $57.0M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $70.5M | ||
| Q3 25 | $286.4M | $86.0M | ||
| Q2 25 | $43.4M | $4.7M | ||
| Q1 25 | $14.8M | $53.8M | ||
| Q4 24 | $114.5M | $54.4M | ||
| Q3 24 | $237.0M | $75.6M | ||
| Q2 24 | $52.3M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 6.0% | ||
| Q3 25 | 20.5% | 7.1% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 1.1% | 4.7% | ||
| Q4 24 | 9.2% | 4.5% | ||
| Q3 24 | 20.3% | 6.2% | ||
| Q2 24 | 4.6% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 1.3% | 0.6% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 0.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 3.04× | ||
| Q3 25 | 2.76× | 4.61× | ||
| Q2 25 | 0.60× | 0.17× | ||
| Q1 25 | 0.33× | 1.87× | ||
| Q4 24 | 1.26× | 1.32× | ||
| Q3 24 | 1.77× | 1.66× | ||
| Q2 24 | 0.58× | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
