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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $822.5M, roughly 1.4× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 3.4%, a 31.2% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 1.6%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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, ...
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
LSTR vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $822.5M |
| Net Profit | $39.4M | $284.7M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 56.4% |
| Net Margin | 3.4% | 34.6% |
| Revenue YoY | 1.6% | 10.6% |
| Net Profit YoY | 32.3% | -6.8% |
| EPS (diluted) | $1.16 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $1.2B | $793.4M | ||
| Q2 25 | $1.2B | $772.7M | ||
| Q1 25 | $1.2B | $745.8M | ||
| Q4 24 | $1.2B | $743.5M | ||
| Q3 24 | $1.2B | $724.7M | ||
| Q2 24 | $1.2B | $707.9M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $284.7M | ||
| Q3 25 | $19.4M | $325.4M | ||
| Q2 25 | $41.9M | $303.6M | ||
| Q1 25 | $29.8M | $288.6M | ||
| Q4 24 | $46.2M | $305.5M | ||
| Q3 24 | $50.0M | $280.9M | ||
| Q2 24 | $52.6M | $266.8M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 56.4% | ||
| Q3 25 | 2.2% | 56.4% | ||
| Q2 25 | 4.6% | 55.0% | ||
| Q1 25 | 3.4% | 50.6% | ||
| Q4 24 | 4.8% | 54.5% | ||
| Q3 24 | 5.2% | 55.4% | ||
| Q2 24 | 5.6% | 54.0% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 34.6% | ||
| Q3 25 | 1.6% | 41.0% | ||
| Q2 25 | 3.5% | 39.3% | ||
| Q1 25 | 2.6% | 38.7% | ||
| Q4 24 | 3.8% | 41.1% | ||
| Q3 24 | 4.1% | 38.8% | ||
| Q2 24 | 4.3% | 37.7% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $3.81 | ||
| Q3 25 | $0.56 | $4.25 | ||
| Q2 25 | $1.20 | $3.92 | ||
| Q1 25 | $0.85 | $3.71 | ||
| Q4 24 | $1.30 | $3.89 | ||
| Q3 24 | $1.41 | $3.57 | ||
| Q2 24 | $1.48 | $3.37 |
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 | $515.3M |
| Total DebtLower is stronger | $26.1M | $6.2B |
| Stockholders' EquityBook value | $799.0M | $-2.7B |
| Total Assets | $1.6B | $5.7B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $515.3M | ||
| Q3 25 | $434.4M | $400.1M | ||
| Q2 25 | $426.2M | $347.3M | ||
| Q1 25 | $473.4M | $360.7M | ||
| Q4 24 | $566.6M | $409.4M | ||
| Q3 24 | $531.3M | $501.0M | ||
| Q2 24 | $504.0M | $451.4M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $6.2B | ||
| Q3 25 | $0 | $5.5B | ||
| Q2 25 | $0 | $4.5B | ||
| Q1 25 | $0 | $4.5B | ||
| Q4 24 | $0 | $4.5B | ||
| Q3 24 | $0 | $4.5B | ||
| Q2 24 | $0 | $4.5B |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $-2.7B | ||
| Q3 25 | $888.7M | $-1.9B | ||
| Q2 25 | $921.8M | $-886.2M | ||
| Q1 25 | $930.8M | $-958.6M | ||
| Q4 24 | $972.4M | $-940.0M | ||
| Q3 24 | $1.0B | $-751.0M | ||
| Q2 24 | $1.0B | $-734.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.7B | ||
| Q3 25 | $1.7B | $5.4B | ||
| Q2 25 | $1.7B | $5.4B | ||
| Q1 25 | $1.7B | $5.3B | ||
| Q4 24 | $1.8B | $5.4B | ||
| Q3 24 | $1.8B | $5.4B | ||
| Q2 24 | $1.8B | $5.5B |
| 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 | — | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $501.1M | ||
| Q3 25 | $89.3M | $449.4M | ||
| Q2 25 | $7.1M | $336.1M | ||
| Q1 25 | $55.7M | $301.7M | ||
| Q4 24 | $61.1M | $430.6M | ||
| Q3 24 | $83.1M | $421.6M | ||
| Q2 24 | $48.1M | $349.2M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $488.7M | ||
| Q3 25 | $86.0M | $445.5M | ||
| Q2 25 | $4.7M | $324.7M | ||
| Q1 25 | $53.8M | $290.2M | ||
| Q4 24 | $54.4M | $416.4M | ||
| Q3 24 | $75.6M | $415.0M | ||
| Q2 24 | $40.6M | $340.6M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 59.4% | ||
| Q3 25 | 7.1% | 56.2% | ||
| Q2 25 | 0.4% | 42.0% | ||
| Q1 25 | 4.7% | 38.9% | ||
| Q4 24 | 4.5% | 56.0% | ||
| Q3 24 | 6.2% | 57.3% | ||
| Q2 24 | 3.3% | 48.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.5% | ||
| Q3 25 | 0.3% | 0.5% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.2% | 1.5% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.76× | ||
| Q3 25 | 4.61× | 1.38× | ||
| Q2 25 | 0.17× | 1.11× | ||
| Q1 25 | 1.87× | 1.05× | ||
| Q4 24 | 1.32× | 1.41× | ||
| Q3 24 | 1.66× | 1.50× | ||
| Q2 24 | 0.91× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
