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Side-by-side financial comparison of Lineage, Inc. (LINE) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -7.3%, a 10.6% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs 1.6%).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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, ...
LINE vs LSTR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $-100.0M | $39.4M |
| Gross Margin | 32.3% | 9.6% |
| Operating Margin | 2.5% | 4.5% |
| Net Margin | -7.3% | 3.4% |
| Revenue YoY | 3.1% | 1.6% |
| Net Profit YoY | 79.4% | 32.3% |
| EPS (diluted) | $-0.44 | $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 | — | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | — | $23.9M | ||
| Q3 25 | $-100.0M | $19.4M | ||
| Q2 25 | $-6.0M | $41.9M | ||
| Q1 25 | $0 | $29.8M | ||
| Q4 24 | $-71.0M | $46.2M | ||
| Q3 24 | $-485.0M | $50.0M | ||
| Q2 24 | $-68.0M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — |
| Q1 26 | — | 4.5% | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | 2.5% | 2.2% | ||
| Q2 25 | 1.7% | 4.6% | ||
| Q1 25 | 4.3% | 3.4% | ||
| Q4 24 | -1.6% | 4.8% | ||
| Q3 24 | -38.6% | 5.2% | ||
| Q2 24 | 5.5% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | -7.3% | 1.6% | ||
| Q2 25 | -0.4% | 3.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | -5.3% | 3.8% | ||
| Q3 24 | -36.3% | 4.1% | ||
| Q2 24 | -5.1% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | — | $0.70 | ||
| Q3 25 | $-0.44 | $0.56 | ||
| Q2 25 | $-0.03 | $1.20 | ||
| Q1 25 | $0.01 | $0.85 | ||
| Q4 24 | $-0.52 | $1.30 | ||
| Q3 24 | $-2.44 | $1.41 | ||
| Q2 24 | $-0.46 | $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 | $8.4B | $799.0M |
| Total Assets | $19.2B | $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 | $173.0M | $566.6M | ||
| Q3 24 | $409.0M | $531.3M | ||
| Q2 24 | $73.0M | $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 | — | $795.7M | ||
| Q3 25 | $8.4B | $888.7M | ||
| Q2 25 | $8.6B | $921.8M | ||
| Q1 25 | $8.6B | $930.8M | ||
| Q4 24 | $8.6B | $972.4M | ||
| Q3 24 | $9.0B | $1.0B | ||
| Q2 24 | $4.9B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $19.2B | $1.7B | ||
| Q2 25 | $19.4B | $1.7B | ||
| Q1 25 | $18.8B | $1.7B | ||
| Q4 24 | $18.7B | $1.8B | ||
| Q3 24 | $19.3B | $1.8B | ||
| Q2 24 | $18.8B | $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 | $230.0M | — |
| Free Cash FlowOCF − Capex | $35.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $72.7M | ||
| Q3 25 | $230.0M | $89.3M | ||
| Q2 25 | $258.0M | $7.1M | ||
| Q1 25 | $139.0M | $55.7M | ||
| Q4 24 | — | $61.1M | ||
| Q3 24 | $186.0M | $83.1M | ||
| Q2 24 | $155.0M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.5M | ||
| Q3 25 | $35.0M | $86.0M | ||
| Q2 25 | $95.0M | $4.7M | ||
| Q1 25 | $-12.0M | $53.8M | ||
| Q4 24 | — | $54.4M | ||
| Q3 24 | $33.0M | $75.6M | ||
| Q2 24 | $-31.0M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 2.5% | 7.1% | ||
| Q2 25 | 7.0% | 0.4% | ||
| Q1 25 | -0.9% | 4.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 2.5% | 6.2% | ||
| Q2 24 | -2.3% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 14.2% | 0.3% | ||
| Q2 25 | 12.1% | 0.2% | ||
| Q1 25 | 11.7% | 0.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 11.5% | 0.6% | ||
| Q2 24 | 13.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.04× | ||
| Q3 25 | — | 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.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
LSTR
Segment breakdown not available.
