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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) 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 $888.0M, roughly 1.3× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 3.4%, a 26.0% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 1.6%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -2.2%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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, ...
FHN vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.2B |
| Net Profit | $261.0M | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | 38.5% | 4.5% |
| Net Margin | 29.4% | 3.4% |
| Revenue YoY | 21.8% | 1.6% |
| Net Profit YoY | 57.2% | 32.3% |
| EPS (diluted) | $0.51 | $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 | $888.0M | $1.2B | ||
| Q3 25 | $889.0M | $1.2B | ||
| Q2 25 | $830.0M | $1.2B | ||
| Q1 25 | $812.0M | $1.2B | ||
| Q4 24 | $729.0M | $1.2B | ||
| Q3 24 | $827.0M | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $261.0M | $23.9M | ||
| Q3 25 | $262.0M | $19.4M | ||
| Q2 25 | $241.0M | $41.9M | ||
| Q1 25 | $218.0M | $29.8M | ||
| Q4 24 | $166.0M | $46.2M | ||
| Q3 24 | $218.0M | $50.0M | ||
| Q2 24 | — | $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 | 38.5% | 2.5% | ||
| Q3 25 | 38.7% | 2.2% | ||
| Q2 25 | 37.2% | 4.6% | ||
| Q1 25 | 35.1% | 3.4% | ||
| Q4 24 | 28.8% | 4.8% | ||
| Q3 24 | 34.0% | 5.2% | ||
| Q2 24 | — | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | 29.4% | 2.0% | ||
| Q3 25 | 29.5% | 1.6% | ||
| Q2 25 | 29.0% | 3.5% | ||
| Q1 25 | 26.8% | 2.6% | ||
| Q4 24 | 22.8% | 3.8% | ||
| Q3 24 | 26.4% | 4.1% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $0.51 | $0.70 | ||
| Q3 25 | $0.50 | $0.56 | ||
| Q2 25 | $0.45 | $1.20 | ||
| Q1 25 | $0.41 | $0.85 | ||
| Q4 24 | $0.29 | $1.30 | ||
| Q3 24 | $0.40 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $411.0M |
| Total DebtLower is stronger | — | $26.1M |
| Stockholders' EquityBook value | $8.8B | $799.0M |
| Total Assets | $83.9B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | — | $452.2M | ||
| Q3 25 | — | $434.4M | ||
| Q2 25 | — | $426.2M | ||
| Q1 25 | — | $473.4M | ||
| Q4 24 | — | $566.6M | ||
| Q3 24 | — | $531.3M | ||
| Q2 24 | — | $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 | $8.8B | $795.7M | ||
| Q3 25 | $8.9B | $888.7M | ||
| Q2 25 | $9.0B | $921.8M | ||
| Q1 25 | $8.7B | $930.8M | ||
| Q4 24 | $8.8B | $972.4M | ||
| Q3 24 | $9.0B | $1.0B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $83.9B | $1.6B | ||
| Q3 25 | $83.2B | $1.7B | ||
| Q2 25 | $82.1B | $1.7B | ||
| Q1 25 | $81.5B | $1.7B | ||
| Q4 24 | $82.2B | $1.8B | ||
| Q3 24 | $82.6B | $1.8B | ||
| Q2 24 | — | $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 | $396.0M | — |
| Free Cash FlowOCF − Capex | $389.0M | — |
| FCF MarginFCF / Revenue | 43.8% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $72.7M | ||
| Q3 25 | $-200.0M | $89.3M | ||
| Q2 25 | $83.0M | $7.1M | ||
| Q1 25 | $349.0M | $55.7M | ||
| Q4 24 | $191.0M | $61.1M | ||
| Q3 24 | $389.0M | $83.1M | ||
| Q2 24 | — | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | $70.5M | ||
| Q3 25 | $-208.0M | $86.0M | ||
| Q2 25 | $74.0M | $4.7M | ||
| Q1 25 | $340.0M | $53.8M | ||
| Q4 24 | $174.0M | $54.4M | ||
| Q3 24 | $383.0M | $75.6M | ||
| Q2 24 | — | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | 6.0% | ||
| Q3 25 | -23.4% | 7.1% | ||
| Q2 25 | 8.9% | 0.4% | ||
| Q1 25 | 41.9% | 4.7% | ||
| Q4 24 | 23.9% | 4.5% | ||
| Q3 24 | 46.3% | 6.2% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.2% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 2.3% | 0.6% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 3.04× | ||
| Q3 25 | -0.76× | 4.61× | ||
| Q2 25 | 0.34× | 0.17× | ||
| Q1 25 | 1.60× | 1.87× | ||
| Q4 24 | 1.15× | 1.32× | ||
| Q3 24 | 1.78× | 1.66× | ||
| Q2 24 | — | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
LSTR
Segment breakdown not available.
