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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs 3.4%, a 3.8% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs 1.6%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% 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, ...
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
LSTR vs NATL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $39.4M | $83.0M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 13.5% |
| Net Margin | 3.4% | 7.2% |
| Revenue YoY | 1.6% | 4.0% |
| Net Profit YoY | 32.3% | 102.4% |
| EPS (diluted) | $1.16 | $1.09 |
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 | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $979.0M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $83.0M | ||
| Q3 25 | $19.4M | $26.0M | ||
| Q2 25 | $41.9M | $39.0M | ||
| Q1 25 | $29.8M | $14.0M | ||
| Q4 24 | $46.2M | $41.0M | ||
| Q3 24 | $50.0M | $21.0M | ||
| Q2 24 | $52.6M | $27.0M |
| 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% | 13.5% | ||
| Q3 25 | 2.2% | 9.8% | ||
| Q2 25 | 4.6% | 10.8% | ||
| Q1 25 | 3.4% | 9.5% | ||
| Q4 24 | 4.8% | 13.4% | ||
| Q3 24 | 5.2% | 10.6% | ||
| Q2 24 | 5.6% | 9.8% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 7.2% | ||
| Q3 25 | 1.6% | 2.3% | ||
| Q2 25 | 3.5% | 3.5% | ||
| Q1 25 | 2.6% | 1.4% | ||
| Q4 24 | 3.8% | 3.7% | ||
| Q3 24 | 4.1% | 2.0% | ||
| Q2 24 | 4.3% | 2.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $1.09 | ||
| Q3 25 | $0.56 | $0.34 | ||
| Q2 25 | $1.20 | $0.52 | ||
| Q1 25 | $0.85 | $0.19 | ||
| Q4 24 | $1.30 | $0.56 | ||
| Q3 24 | $1.41 | $0.28 | ||
| Q2 24 | $1.48 | $0.37 |
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 | $456.0M |
| Total DebtLower is stronger | $26.1M | $2.7B |
| Stockholders' EquityBook value | $799.0M | $403.0M |
| Total Assets | $1.6B | $5.7B |
| Debt / EquityLower = less leverage | 0.03× | 6.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $456.0M | ||
| Q3 25 | $434.4M | $412.0M | ||
| Q2 25 | $426.2M | $357.0M | ||
| Q1 25 | $473.4M | $352.0M | ||
| Q4 24 | $566.6M | $419.0M | ||
| Q3 24 | $531.3M | $395.0M | ||
| Q2 24 | $504.0M | $374.0M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $2.7B | ||
| Q3 25 | $0 | $2.8B | ||
| Q2 25 | $0 | $2.8B | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $2.9B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $403.0M | ||
| Q3 25 | $888.7M | $330.0M | ||
| Q2 25 | $921.8M | $350.0M | ||
| Q1 25 | $930.8M | $275.0M | ||
| Q4 24 | $972.4M | $219.0M | ||
| Q3 24 | $1.0B | $264.0M | ||
| Q2 24 | $1.0B | $250.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.7B | ||
| Q3 25 | $1.7B | $5.7B | ||
| Q2 25 | $1.7B | $5.8B | ||
| Q1 25 | $1.7B | $5.7B | ||
| Q4 24 | $1.8B | $5.5B | ||
| Q3 24 | $1.8B | $5.7B | ||
| Q2 24 | $1.8B | $5.8B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 6.63× | ||
| Q3 25 | 0.00× | 8.45× | ||
| Q2 25 | 0.00× | 8.05× | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 13.05× | ||
| 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 | — | $231.0M |
| Free Cash FlowOCF − Capex | — | $194.0M |
| FCF MarginFCF / Revenue | — | 16.8% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $231.0M | ||
| Q3 25 | $89.3M | $25.0M | ||
| Q2 25 | $7.1M | $-23.0M | ||
| Q1 25 | $55.7M | $123.0M | ||
| Q4 24 | $61.1M | $80.0M | ||
| Q3 24 | $83.1M | $107.0M | ||
| Q2 24 | $48.1M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $194.0M | ||
| Q3 25 | $86.0M | $-5.0M | ||
| Q2 25 | $4.7M | $-44.0M | ||
| Q1 25 | $53.8M | $94.0M | ||
| Q4 24 | $54.4M | $62.0M | ||
| Q3 24 | $75.6M | $85.0M | ||
| Q2 24 | $40.6M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 16.8% | ||
| Q3 25 | 7.1% | -0.4% | ||
| Q2 25 | 0.4% | -4.0% | ||
| Q1 25 | 4.7% | 9.6% | ||
| Q4 24 | 4.5% | 5.6% | ||
| Q3 24 | 6.2% | 7.9% | ||
| Q2 24 | 3.3% | -1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.2% | ||
| Q3 25 | 0.3% | 2.7% | ||
| Q2 25 | 0.2% | 1.9% | ||
| Q1 25 | 0.2% | 3.0% | ||
| Q4 24 | 0.6% | 1.6% | ||
| Q3 24 | 0.6% | 2.1% | ||
| Q2 24 | 0.6% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 2.78× | ||
| Q3 25 | 4.61× | 0.96× | ||
| Q2 25 | 0.17× | -0.59× | ||
| Q1 25 | 1.87× | 8.79× | ||
| Q4 24 | 1.32× | 1.95× | ||
| Q3 24 | 1.66× | 5.10× | ||
| Q2 24 | 0.91× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
