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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Noble Corp plc (NE). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $764.4M, roughly 1.5× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 3.4%, a 8.0% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -17.6%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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, ...
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
LSTR vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $764.4M |
| Net Profit | $39.4M | $86.6M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 5.6% |
| Net Margin | 3.4% | 11.3% |
| Revenue YoY | 1.6% | -17.6% |
| Net Profit YoY | 32.3% | -10.4% |
| EPS (diluted) | $1.16 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.2B | $798.0M | ||
| Q2 25 | $1.2B | $848.7M | ||
| Q1 25 | $1.2B | $874.5M | ||
| Q4 24 | $1.2B | $927.3M | ||
| Q3 24 | $1.2B | $800.5M | ||
| Q2 24 | $1.2B | $692.8M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $86.6M | ||
| Q3 25 | $19.4M | $-21.1M | ||
| Q2 25 | $41.9M | $42.9M | ||
| Q1 25 | $29.8M | $108.3M | ||
| Q4 24 | $46.2M | $96.6M | ||
| Q3 24 | $50.0M | $61.2M | ||
| Q2 24 | $52.6M | $195.0M |
| 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% | 5.6% | ||
| Q3 25 | 2.2% | 6.3% | ||
| Q2 25 | 4.6% | 15.9% | ||
| Q1 25 | 3.4% | 21.4% | ||
| Q4 24 | 4.8% | 18.4% | ||
| Q3 24 | 5.2% | 14.4% | ||
| Q2 24 | 5.6% | 30.3% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 11.3% | ||
| Q3 25 | 1.6% | -2.6% | ||
| Q2 25 | 3.5% | 5.1% | ||
| Q1 25 | 2.6% | 12.4% | ||
| Q4 24 | 3.8% | 10.4% | ||
| Q3 24 | 4.1% | 7.6% | ||
| Q2 24 | 4.3% | 28.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.54 | ||
| Q3 25 | $0.56 | $-0.13 | ||
| Q2 25 | $1.20 | $0.27 | ||
| Q1 25 | $0.85 | $0.67 | ||
| Q4 24 | $1.30 | $0.56 | ||
| Q3 24 | $1.41 | $0.40 | ||
| Q2 24 | $1.48 | $1.34 |
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 | $471.4M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $4.5B |
| Total Assets | $1.6B | $7.5B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $471.4M | ||
| Q3 25 | $434.4M | $477.9M | ||
| Q2 25 | $426.2M | $338.2M | ||
| Q1 25 | $473.4M | $303.8M | ||
| Q4 24 | $566.6M | $247.3M | ||
| Q3 24 | $531.3M | $391.9M | ||
| Q2 24 | $504.0M | $162.9M |
| 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 | $4.5B | ||
| Q3 25 | $888.7M | $4.5B | ||
| Q2 25 | $921.8M | $4.6B | ||
| Q1 25 | $930.8M | $4.7B | ||
| Q4 24 | $972.4M | $4.7B | ||
| Q3 24 | $1.0B | $4.7B | ||
| Q2 24 | $1.0B | $4.0B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $7.5B | ||
| Q3 25 | $1.7B | $7.6B | ||
| Q2 25 | $1.7B | $7.7B | ||
| Q1 25 | $1.7B | $7.9B | ||
| Q4 24 | $1.8B | $8.0B | ||
| Q3 24 | $1.8B | $8.0B | ||
| Q2 24 | $1.8B | $5.6B |
| 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 | — | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $187.1M | ||
| Q3 25 | $89.3M | $277.1M | ||
| Q2 25 | $7.1M | $216.4M | ||
| Q1 25 | $55.7M | $271.1M | ||
| Q4 24 | $61.1M | $136.2M | ||
| Q3 24 | $83.1M | $283.8M | ||
| Q2 24 | $48.1M | $106.8M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $35.4M | ||
| Q3 25 | $86.0M | $139.5M | ||
| Q2 25 | $4.7M | $99.8M | ||
| Q1 25 | $53.8M | $157.5M | ||
| Q4 24 | $54.4M | $-4.4M | ||
| Q3 24 | $75.6M | $156.8M | ||
| Q2 24 | $40.6M | $-34.3M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 4.6% | ||
| Q3 25 | 7.1% | 17.5% | ||
| Q2 25 | 0.4% | 11.8% | ||
| Q1 25 | 4.7% | 18.0% | ||
| Q4 24 | 4.5% | -0.5% | ||
| Q3 24 | 6.2% | 19.6% | ||
| Q2 24 | 3.3% | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 19.9% | ||
| Q3 25 | 0.3% | 17.3% | ||
| Q2 25 | 0.2% | 13.7% | ||
| Q1 25 | 0.2% | 13.0% | ||
| Q4 24 | 0.6% | 15.2% | ||
| Q3 24 | 0.6% | 15.9% | ||
| Q2 24 | 0.6% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 2.16× | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | 5.05× | ||
| Q1 25 | 1.87× | 2.50× | ||
| Q4 24 | 1.32× | 1.41× | ||
| Q3 24 | 1.66× | 4.64× | ||
| Q2 24 | 0.91× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
