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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) 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 $1.0B, roughly 1.1× Liberty Energy Inc.). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs 2.2%, a 1.2% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 1.6%). Over the past eight quarters, LANDSTAR SYSTEM INC's revenue compounded faster (-2.2% CAGR vs -6.2%).
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
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, ...
LBRT vs LSTR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $22.6M | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | 2.2% | 4.5% |
| Net Margin | 2.2% | 3.4% |
| Revenue YoY | 4.5% | 1.6% |
| Net Profit YoY | — | 32.3% |
| EPS (diluted) | $0.14 | $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 | $1.0B | $1.2B | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $947.4M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $977.5M | $1.2B | ||
| Q4 24 | $943.6M | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $22.6M | $39.4M | ||
| Q4 25 | $13.7M | $23.9M | ||
| Q3 25 | $43.1M | $19.4M | ||
| Q2 25 | $71.0M | $41.9M | ||
| Q1 25 | $20.1M | $29.8M | ||
| Q4 24 | $51.9M | $46.2M | ||
| Q3 24 | $73.8M | $50.0M | ||
| Q2 24 | $108.4M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.9% | — |
| Q1 26 | 2.2% | 4.5% | ||
| Q4 25 | 1.9% | 2.5% | ||
| Q3 25 | -0.3% | 2.2% | ||
| Q2 25 | 3.6% | 4.6% | ||
| Q1 25 | 1.9% | 3.4% | ||
| Q4 24 | 2.6% | 4.8% | ||
| Q3 24 | 9.4% | 5.2% | ||
| Q2 24 | 12.2% | 5.6% |
| Q1 26 | 2.2% | 3.4% | ||
| Q4 25 | 1.3% | 2.0% | ||
| Q3 25 | 4.5% | 1.6% | ||
| Q2 25 | 6.8% | 3.5% | ||
| Q1 25 | 2.1% | 2.6% | ||
| Q4 24 | 5.5% | 3.8% | ||
| Q3 24 | 6.5% | 4.1% | ||
| Q2 24 | 9.3% | 4.3% |
| Q1 26 | $0.14 | $1.16 | ||
| Q4 25 | $0.08 | $0.70 | ||
| Q3 25 | $0.26 | $0.56 | ||
| Q2 25 | $0.43 | $1.20 | ||
| Q1 25 | $0.12 | $0.85 | ||
| Q4 24 | $0.31 | $1.30 | ||
| Q3 24 | $0.44 | $1.41 | ||
| Q2 24 | $0.64 | $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 | $699.1M | $411.0M |
| Total DebtLower is stronger | $7.1M | $26.1M |
| Stockholders' EquityBook value | $1.9B | $799.0M |
| Total Assets | $4.4B | $1.6B |
| Debt / EquityLower = less leverage | 0.00× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | $411.0M | ||
| Q4 25 | $27.6M | $452.2M | ||
| Q3 25 | $13.5M | $434.4M | ||
| Q2 25 | $19.6M | $426.2M | ||
| Q1 25 | $24.1M | $473.4M | ||
| Q4 24 | $20.0M | $566.6M | ||
| Q3 24 | $23.0M | $531.3M | ||
| Q2 24 | $30.0M | $504.0M |
| Q1 26 | $7.1M | $26.1M | ||
| Q4 25 | $246.6M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $190.5M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
| Q1 26 | $1.9B | $799.0M | ||
| Q4 25 | $2.1B | $795.7M | ||
| Q3 25 | $2.1B | $888.7M | ||
| Q2 25 | $2.0B | $921.8M | ||
| Q1 25 | $2.0B | $930.8M | ||
| Q4 24 | $2.0B | $972.4M | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.9B | $1.0B |
| Q1 26 | $4.4B | $1.6B | ||
| Q4 25 | $3.6B | $1.6B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.4B | $1.7B | ||
| Q1 25 | $3.4B | $1.7B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B |
| Q1 26 | 0.00× | 0.03× | ||
| Q4 25 | 0.12× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.10× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
