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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -9.6%, a 12.9% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -0.6%). Over the past eight quarters, HERTZ GLOBAL HOLDINGS, INC's revenue compounded faster (-1.3% CAGR vs -2.2%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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, ...
HTZ vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $-194.0M | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | -11.0% | 4.5% |
| Net Margin | -9.6% | 3.4% |
| Revenue YoY | -0.6% | 1.6% |
| Net Profit YoY | 59.5% | 32.3% |
| EPS (diluted) | $-0.46 | $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 | $2.0B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $-194.0M | $23.9M | ||
| Q3 25 | $184.0M | $19.4M | ||
| Q2 25 | $-294.0M | $41.9M | ||
| Q1 25 | $-443.0M | $29.8M | ||
| Q4 24 | $-479.0M | $46.2M | ||
| Q3 24 | $-1.3B | $50.0M | ||
| Q2 24 | $-865.0M | $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 | -11.0% | 2.5% | ||
| Q3 25 | 9.4% | 2.2% | ||
| Q2 25 | -14.5% | 4.6% | ||
| Q1 25 | -29.0% | 3.4% | ||
| Q4 24 | -27.6% | 4.8% | ||
| Q3 24 | -62.9% | 5.2% | ||
| Q2 24 | -20.1% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | -9.6% | 2.0% | ||
| Q3 25 | 7.4% | 1.6% | ||
| Q2 25 | -13.5% | 3.5% | ||
| Q1 25 | -24.4% | 2.6% | ||
| Q4 24 | -23.5% | 3.8% | ||
| Q3 24 | -51.7% | 4.1% | ||
| Q2 24 | -36.8% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.46 | $0.70 | ||
| Q3 25 | $0.42 | $0.56 | ||
| Q2 25 | $-0.95 | $1.20 | ||
| Q1 25 | $-1.44 | $0.85 | ||
| Q4 24 | $-1.57 | $1.30 | ||
| Q3 24 | $-4.34 | $1.41 | ||
| Q2 24 | $-2.82 | $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 | $565.0M | $411.0M |
| Total DebtLower is stronger | — | $26.1M |
| Stockholders' EquityBook value | $-459.0M | $799.0M |
| Total Assets | $22.3B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $565.0M | $452.2M | ||
| Q3 25 | $1.1B | $434.4M | ||
| Q2 25 | $503.0M | $426.2M | ||
| Q1 25 | $626.0M | $473.4M | ||
| Q4 24 | $592.0M | $566.6M | ||
| Q3 24 | $501.0M | $531.3M | ||
| Q2 24 | $568.0M | $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 | $-459.0M | $795.7M | ||
| Q3 25 | $-317.0M | $888.7M | ||
| Q2 25 | $-504.0M | $921.8M | ||
| Q1 25 | $-262.0M | $930.8M | ||
| Q4 24 | $153.0M | $972.4M | ||
| Q3 24 | $681.0M | $1.0B | ||
| Q2 24 | $2.0B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $22.3B | $1.6B | ||
| Q3 25 | $23.0B | $1.7B | ||
| Q2 25 | $23.1B | $1.7B | ||
| Q1 25 | $22.0B | $1.7B | ||
| Q4 24 | $21.8B | $1.8B | ||
| Q3 24 | $23.0B | $1.8B | ||
| Q2 24 | $25.2B | $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 | $193.0M | — |
| 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 | $193.0M | $72.7M | ||
| Q3 25 | $835.0M | $89.3M | ||
| Q2 25 | $346.0M | $7.1M | ||
| Q1 25 | $251.0M | $55.7M | ||
| Q4 24 | $414.0M | $61.1M | ||
| Q3 24 | $894.0M | $83.1M | ||
| Q2 24 | $546.0M | $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 | 4.54× | 4.61× | ||
| Q2 25 | — | 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.
