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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× LANDSTAR SYSTEM INC). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 3.4%, a 9.8% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 1.6%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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, ...
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
LSTR vs MCY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $39.4M | $202.5M |
| Gross Margin | 9.6% | 99.7% |
| Operating Margin | 4.5% | 16.2% |
| Net Margin | 3.4% | 13.2% |
| Revenue YoY | 1.6% | 12.4% |
| Net Profit YoY | 32.3% | 100.4% |
| EPS (diluted) | $1.16 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $202.5M | ||
| Q3 25 | $19.4M | $280.4M | ||
| Q2 25 | $41.9M | $166.5M | ||
| Q1 25 | $29.8M | $-108.3M | ||
| Q4 24 | $46.2M | $101.1M | ||
| Q3 24 | $50.0M | $230.9M | ||
| Q2 24 | $52.6M | $62.6M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 16.2% | ||
| Q3 25 | 2.2% | 22.1% | ||
| Q2 25 | 4.6% | 14.0% | ||
| Q1 25 | 3.4% | -10.2% | ||
| Q4 24 | 4.8% | 9.0% | ||
| Q3 24 | 5.2% | 18.8% | ||
| Q2 24 | 5.6% | 5.8% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 13.2% | ||
| Q3 25 | 1.6% | 17.7% | ||
| Q2 25 | 3.5% | 11.3% | ||
| Q1 25 | 2.6% | -7.8% | ||
| Q4 24 | 3.8% | 7.4% | ||
| Q3 24 | 4.1% | 15.1% | ||
| Q2 24 | 4.3% | 4.8% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $3.66 | ||
| Q3 25 | $0.56 | $5.06 | ||
| Q2 25 | $1.20 | $3.01 | ||
| Q1 25 | $0.85 | $-1.96 | ||
| Q4 24 | $1.30 | $1.82 | ||
| Q3 24 | $1.41 | $4.17 | ||
| Q2 24 | $1.48 | $1.13 |
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 | $575.0M |
| Stockholders' EquityBook value | $799.0M | $2.4B |
| Total Assets | $1.6B | $9.6B |
| Debt / EquityLower = less leverage | 0.03× | 0.24× |
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 | $566.6M | — | ||
| Q3 24 | $531.3M | — | ||
| Q2 24 | $504.0M | — |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $575.0M | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $575.0M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $2.4B | ||
| Q3 25 | $888.7M | $2.2B | ||
| Q2 25 | $921.8M | $2.0B | ||
| Q1 25 | $930.8M | $1.8B | ||
| Q4 24 | $972.4M | $1.9B | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | $1.0B | $1.6B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.6B | ||
| Q3 25 | $1.7B | $9.4B | ||
| Q2 25 | $1.7B | $9.1B | ||
| Q1 25 | $1.7B | $9.0B | ||
| Q4 24 | $1.8B | $8.3B | ||
| Q3 24 | $1.8B | $8.2B | ||
| Q2 24 | $1.8B | $7.7B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.24× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.30× | ||
| 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 | — | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $287.9M | ||
| Q3 25 | $89.3M | $496.4M | ||
| Q2 25 | $7.1M | $371.6M | ||
| Q1 25 | $55.7M | $-68.7M | ||
| Q4 24 | $61.1M | $248.3M | ||
| Q3 24 | $83.1M | $318.1M | ||
| Q2 24 | $48.1M | $278.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $273.9M | ||
| Q3 25 | $86.0M | $479.5M | ||
| Q2 25 | $4.7M | $357.2M | ||
| Q1 25 | $53.8M | $-81.9M | ||
| Q4 24 | $54.4M | $236.0M | ||
| Q3 24 | $75.6M | $306.2M | ||
| Q2 24 | $40.6M | $266.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 17.8% | ||
| Q3 25 | 7.1% | 30.3% | ||
| Q2 25 | 0.4% | 24.2% | ||
| Q1 25 | 4.7% | -5.9% | ||
| Q4 24 | 4.5% | 17.3% | ||
| Q3 24 | 6.2% | 20.0% | ||
| Q2 24 | 3.3% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.6% | 0.9% | ||
| Q3 24 | 0.6% | 0.8% | ||
| Q2 24 | 0.6% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.42× | ||
| Q3 25 | 4.61× | 1.77× | ||
| Q2 25 | 0.17× | 2.23× | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | 2.46× | ||
| Q3 24 | 1.66× | 1.38× | ||
| Q2 24 | 0.91× | 4.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
