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Side-by-side financial comparison of KeyCorp (KEY) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.

KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× LANDSTAR SYSTEM INC). KeyCorp runs the higher net margin — 25.4% vs 3.4%, a 22.1% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 1.6%). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs -2.2%).

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

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, ...

KEY vs LSTR — Head-to-Head

Bigger by revenue
KEY
KEY
1.7× larger
KEY
$2.0B
$1.2B
LSTR
Growing faster (revenue YoY)
KEY
KEY
+130.2% gap
KEY
131.8%
1.6%
LSTR
Higher net margin
KEY
KEY
22.1% more per $
KEY
25.4%
3.4%
LSTR
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
14.4%
-2.2%
LSTR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KEY
KEY
LSTR
LSTR
Revenue
$2.0B
$1.2B
Net Profit
$510.0M
$39.4M
Gross Margin
9.6%
Operating Margin
32.3%
4.5%
Net Margin
25.4%
3.4%
Revenue YoY
131.8%
1.6%
Net Profit YoY
309.0%
32.3%
EPS (diluted)
$0.43
$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
KEY
KEY
LSTR
LSTR
Q1 26
$1.2B
Q4 25
$2.0B
$1.2B
Q3 25
$1.9B
$1.2B
Q2 25
$1.8B
$1.2B
Q1 25
$1.8B
$1.2B
Q4 24
$865.0M
$1.2B
Q3 24
$695.0M
$1.2B
Q2 24
$1.5B
$1.2B
Net Profit
KEY
KEY
LSTR
LSTR
Q1 26
$39.4M
Q4 25
$510.0M
$23.9M
Q3 25
$489.0M
$19.4M
Q2 25
$425.0M
$41.9M
Q1 25
$405.0M
$29.8M
Q4 24
$-244.0M
$46.2M
Q3 24
$-410.0M
$50.0M
Q2 24
$274.0M
$52.6M
Gross Margin
KEY
KEY
LSTR
LSTR
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
KEY
KEY
LSTR
LSTR
Q1 26
4.5%
Q4 25
32.3%
2.5%
Q3 25
31.8%
2.2%
Q2 25
29.3%
4.6%
Q1 25
29.0%
3.4%
Q4 24
-92.6%
4.8%
Q3 24
-72.8%
5.2%
Q2 24
22.0%
5.6%
Net Margin
KEY
KEY
LSTR
LSTR
Q1 26
3.4%
Q4 25
25.4%
2.0%
Q3 25
25.8%
1.6%
Q2 25
23.1%
3.5%
Q1 25
22.8%
2.6%
Q4 24
-54.7%
3.8%
Q3 24
-59.0%
4.1%
Q2 24
18.0%
4.3%
EPS (diluted)
KEY
KEY
LSTR
LSTR
Q1 26
$1.16
Q4 25
$0.43
$0.70
Q3 25
$0.41
$0.56
Q2 25
$0.35
$1.20
Q1 25
$0.33
$0.85
Q4 24
$-0.30
$1.30
Q3 24
$-0.47
$1.41
Q2 24
$0.25
$1.48

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
LSTR
LSTR
Cash + ST InvestmentsLiquidity on hand
$10.2B
$411.0M
Total DebtLower is stronger
$9.9B
$26.1M
Stockholders' EquityBook value
$20.4B
$799.0M
Total Assets
$184.4B
$1.6B
Debt / EquityLower = less leverage
0.49×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
LSTR
LSTR
Q1 26
$411.0M
Q4 25
$10.2B
$452.2M
Q3 25
$13.3B
$434.4M
Q2 25
$11.6B
$426.2M
Q1 25
$15.3B
$473.4M
Q4 24
$17.5B
$566.6M
Q3 24
$22.8B
$531.3M
Q2 24
$15.5B
$504.0M
Total Debt
KEY
KEY
LSTR
LSTR
Q1 26
$26.1M
Q4 25
$9.9B
$0
Q3 25
$10.9B
$0
Q2 25
$12.1B
$0
Q1 25
$12.4B
$0
Q4 24
$12.1B
$0
Q3 24
$15.7B
$0
Q2 24
$16.9B
$0
Stockholders' Equity
KEY
KEY
LSTR
LSTR
Q1 26
$799.0M
Q4 25
$20.4B
$795.7M
Q3 25
$20.1B
$888.7M
Q2 25
$19.5B
$921.8M
Q1 25
$19.0B
$930.8M
Q4 24
$18.2B
$972.4M
Q3 24
$16.9B
$1.0B
Q2 24
$14.8B
$1.0B
Total Assets
KEY
KEY
LSTR
LSTR
Q1 26
$1.6B
Q4 25
$184.4B
$1.6B
Q3 25
$187.4B
$1.7B
Q2 25
$185.5B
$1.7B
Q1 25
$188.7B
$1.7B
Q4 24
$187.2B
$1.8B
Q3 24
$189.8B
$1.8B
Q2 24
$187.4B
$1.8B
Debt / Equity
KEY
KEY
LSTR
LSTR
Q1 26
0.03×
Q4 25
0.49×
0.00×
Q3 25
0.54×
0.00×
Q2 25
0.62×
0.00×
Q1 25
0.65×
0.00×
Q4 24
0.67×
0.00×
Q3 24
0.93×
0.00×
Q2 24
1.14×
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
KEY
KEY
LSTR
LSTR
Operating Cash FlowLast quarter
$2.2B
Free Cash FlowOCF − Capex
$2.1B
FCF MarginFCF / Revenue
104.8%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
4.33×
TTM Free Cash FlowTrailing 4 quarters
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
LSTR
LSTR
Q1 26
Q4 25
$2.2B
$72.7M
Q3 25
$396.0M
$89.3M
Q2 25
$1.2B
$7.1M
Q1 25
$-140.0M
$55.7M
Q4 24
$664.0M
$61.1M
Q3 24
$-1.2B
$83.1M
Q2 24
$-217.0M
$48.1M
Free Cash Flow
KEY
KEY
LSTR
LSTR
Q1 26
Q4 25
$2.1B
$70.5M
Q3 25
$367.0M
$86.0M
Q2 25
$1.2B
$4.7M
Q1 25
$-150.0M
$53.8M
Q4 24
$599.0M
$54.4M
Q3 24
$-1.2B
$75.6M
Q2 24
$-230.0M
$40.6M
FCF Margin
KEY
KEY
LSTR
LSTR
Q1 26
Q4 25
104.8%
6.0%
Q3 25
19.4%
7.1%
Q2 25
65.8%
0.4%
Q1 25
-8.5%
4.7%
Q4 24
69.2%
4.5%
Q3 24
-175.8%
6.2%
Q2 24
-15.1%
3.3%
Capex Intensity
KEY
KEY
LSTR
LSTR
Q1 26
Q4 25
5.3%
0.2%
Q3 25
1.5%
0.3%
Q2 25
1.3%
0.2%
Q1 25
0.6%
0.2%
Q4 24
7.5%
0.6%
Q3 24
2.4%
0.6%
Q2 24
0.9%
0.6%
Cash Conversion
KEY
KEY
LSTR
LSTR
Q1 26
Q4 25
4.33×
3.04×
Q3 25
0.81×
4.61×
Q2 25
2.90×
0.17×
Q1 25
-0.35×
1.87×
Q4 24
1.32×
Q3 24
1.66×
Q2 24
-0.79×
0.91×

Financial Flow Comparison

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

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