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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $665.5M, roughly 1.8× Natera, Inc.). Natera, Inc. runs the higher net margin — 7.1% vs 3.4%, a 3.7% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 1.6%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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, ...
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
LSTR vs NTRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $665.5M |
| Net Profit | $39.4M | $47.3M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | -3.4% |
| Net Margin | 3.4% | 7.1% |
| Revenue YoY | 1.6% | 39.8% |
| Net Profit YoY | 32.3% | 187.9% |
| EPS (diluted) | $1.16 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $1.2B | $592.2M | ||
| Q2 25 | $1.2B | $546.6M | ||
| Q1 25 | $1.2B | $501.8M | ||
| Q4 24 | $1.2B | $476.1M | ||
| Q3 24 | $1.2B | $439.8M | ||
| Q2 24 | $1.2B | $413.4M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $47.3M | ||
| Q3 25 | $19.4M | $-87.5M | ||
| Q2 25 | $41.9M | $-100.9M | ||
| Q1 25 | $29.8M | $-66.9M | ||
| Q4 24 | $46.2M | $-53.8M | ||
| Q3 24 | $50.0M | $-31.6M | ||
| Q2 24 | $52.6M | $-37.5M |
| 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% | -3.4% | ||
| Q3 25 | 2.2% | -16.5% | ||
| Q2 25 | 4.6% | -20.2% | ||
| Q1 25 | 3.4% | -15.8% | ||
| Q4 24 | 4.8% | -13.6% | ||
| Q3 24 | 5.2% | -8.9% | ||
| Q2 24 | 5.6% | -10.6% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 7.1% | ||
| Q3 25 | 1.6% | -14.8% | ||
| Q2 25 | 3.5% | -18.5% | ||
| Q1 25 | 2.6% | -13.3% | ||
| Q4 24 | 3.8% | -11.3% | ||
| Q3 24 | 4.1% | -7.2% | ||
| Q2 24 | 4.3% | -9.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.36 | ||
| Q3 25 | $0.56 | $-0.64 | ||
| Q2 25 | $1.20 | $-0.74 | ||
| Q1 25 | $0.85 | $-0.50 | ||
| Q4 24 | $1.30 | $-0.41 | ||
| Q3 24 | $1.41 | $-0.26 | ||
| Q2 24 | $1.48 | $-0.30 |
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 | — |
| Stockholders' EquityBook value | $799.0M | $1.7B |
| Total Assets | $1.6B | $2.4B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | — | ||
| Q3 25 | $434.4M | $1.0M | ||
| Q2 25 | $426.2M | $16.0M | ||
| Q1 25 | $473.4M | $17.8M | ||
| Q4 24 | $566.6M | $22.7M | ||
| Q3 24 | $531.3M | $29.5M | ||
| Q2 24 | $504.0M | $90.3M |
| 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 | $1.7B | ||
| Q3 25 | $888.7M | $1.3B | ||
| Q2 25 | $921.8M | $1.2B | ||
| Q1 25 | $930.8M | $1.2B | ||
| Q4 24 | $972.4M | $1.2B | ||
| Q3 24 | $1.0B | $878.5M | ||
| Q2 24 | $1.0B | $836.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.8B | $1.5B |
| 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 | — | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $73.9M | ||
| Q3 25 | $89.3M | $59.4M | ||
| Q2 25 | $7.1M | $37.6M | ||
| Q1 25 | $55.7M | $44.5M | ||
| Q4 24 | $61.1M | $52.9M | ||
| Q3 24 | $83.1M | $51.8M | ||
| Q2 24 | $48.1M | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $37.8M | ||
| Q3 25 | $86.0M | $37.0M | ||
| Q2 25 | $4.7M | $11.7M | ||
| Q1 25 | $53.8M | $22.6M | ||
| Q4 24 | $54.4M | $34.8M | ||
| Q3 24 | $75.6M | $35.5M | ||
| Q2 24 | $40.6M | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 5.7% | ||
| Q3 25 | 7.1% | 6.2% | ||
| Q2 25 | 0.4% | 2.1% | ||
| Q1 25 | 4.7% | 4.5% | ||
| Q4 24 | 4.5% | 7.3% | ||
| Q3 24 | 6.2% | 8.1% | ||
| Q2 24 | 3.3% | -1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 5.4% | ||
| Q3 25 | 0.3% | 3.8% | ||
| Q2 25 | 0.2% | 4.7% | ||
| Q1 25 | 0.2% | 4.3% | ||
| Q4 24 | 0.6% | 3.8% | ||
| Q3 24 | 0.6% | 3.7% | ||
| Q2 24 | 0.6% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.56× | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
