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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Magnera Corp (MAGN). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $792.0M, roughly 1.5× Magnera Corp). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -4.3%, a 7.7% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 1.6%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs -2.2%).
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, ...
LSTR vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $792.0M |
| Net Profit | $39.4M | $-34.0M |
| Gross Margin | 9.6% | 12.2% |
| Operating Margin | 4.5% | 1.8% |
| Net Margin | 3.4% | -4.3% |
| Revenue YoY | 1.6% | 12.8% |
| Net Profit YoY | 32.3% | 43.3% |
| EPS (diluted) | $1.16 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $839.0M | ||
| Q1 25 | $1.2B | $824.0M | ||
| Q4 24 | $1.2B | $702.0M | ||
| Q3 24 | $1.2B | $332.1M | ||
| Q2 24 | $1.2B | $556.0M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $-34.0M | ||
| Q3 25 | $19.4M | — | ||
| Q2 25 | $41.9M | $-18.0M | ||
| Q1 25 | $29.8M | $-41.0M | ||
| Q4 24 | $46.2M | $-60.0M | ||
| Q3 24 | $50.0M | $-15.2M | ||
| Q2 24 | $52.6M | $19.0M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 1.8% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 4.6% | 1.5% | ||
| Q1 25 | 3.4% | 0.5% | ||
| Q4 24 | 4.8% | -3.1% | ||
| Q3 24 | 5.2% | 0.9% | ||
| Q2 24 | 5.6% | 3.1% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | -4.3% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 3.5% | -2.1% | ||
| Q1 25 | 2.6% | -5.0% | ||
| Q4 24 | 3.8% | -8.5% | ||
| Q3 24 | 4.1% | -4.6% | ||
| Q2 24 | 4.3% | 3.4% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $-0.95 | ||
| Q3 25 | $0.56 | — | ||
| Q2 25 | $1.20 | $-0.51 | ||
| Q1 25 | $0.85 | $-1.15 | ||
| Q4 24 | $1.30 | $-1.69 | ||
| Q3 24 | $1.41 | $-0.33 | ||
| Q2 24 | $1.48 | $0.60 |
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 | $264.0M |
| Total DebtLower is stronger | $26.1M | $1.9B |
| Stockholders' EquityBook value | $799.0M | $1.0B |
| Total Assets | $1.6B | $3.9B |
| Debt / EquityLower = less leverage | 0.03× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $264.0M | ||
| Q3 25 | $434.4M | — | ||
| Q2 25 | $426.2M | $276.0M | ||
| Q1 25 | $473.4M | $282.0M | ||
| Q4 24 | $566.6M | $215.0M | ||
| Q3 24 | $531.3M | $230.0M | ||
| Q2 24 | $504.0M | $33.9M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $1.9B | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | $2.0B | ||
| Q1 25 | $0 | $2.0B | ||
| Q4 24 | $0 | $2.0B | ||
| Q3 24 | $0 | $2.0B | ||
| Q2 24 | $0 | $877.4M |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.0B | ||
| Q3 25 | $888.7M | — | ||
| Q2 25 | $921.8M | $1.1B | ||
| Q1 25 | $930.8M | $1.1B | ||
| Q4 24 | $972.4M | $1.1B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.0B | $2.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | $4.1B | ||
| Q1 25 | $1.7B | $4.1B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.8B | $1.5B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 1.86× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | 1.77× | ||
| Q1 25 | 0.00× | 1.83× | ||
| Q4 24 | 0.00× | 1.80× | ||
| Q3 24 | 0.00× | 0.91× | ||
| Q2 24 | 0.00× | 0.37× |
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 | — | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $2.0M | ||
| Q3 25 | $89.3M | — | ||
| Q2 25 | $7.1M | $0 | ||
| Q1 25 | $55.7M | $65.0M | ||
| Q4 24 | $61.1M | $-58.0M | ||
| Q3 24 | $83.1M | $12.2M | ||
| Q2 24 | $48.1M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $-13.0M | ||
| Q3 25 | $86.0M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $53.8M | $42.0M | ||
| Q4 24 | $54.4M | $-74.0M | ||
| Q3 24 | $75.6M | $3.6M | ||
| Q2 24 | $40.6M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | -1.6% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 4.7% | 5.1% | ||
| Q4 24 | 4.5% | -10.5% | ||
| Q3 24 | 6.2% | 1.1% | ||
| Q2 24 | 3.3% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.9% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | 0.6% | 2.3% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 0.6% | 2.7% |
| 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× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
