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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Envista Holdings Corp (NVST). Click either name above to swap in a different company.

LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $750.6M, roughly 1.6× Envista Holdings Corp). Envista Holdings Corp runs the higher net margin — 4.4% vs 3.4%, a 1.0% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs 1.6%). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% 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, ...

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

LSTR vs NVST — Head-to-Head

Bigger by revenue
LSTR
LSTR
1.6× larger
LSTR
$1.2B
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+13.3% gap
NVST
15.0%
1.6%
LSTR
Higher net margin
NVST
NVST
1.0% more per $
NVST
4.4%
3.4%
LSTR
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
-2.2%
LSTR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LSTR
LSTR
NVST
NVST
Revenue
$1.2B
$750.6M
Net Profit
$39.4M
$32.9M
Gross Margin
9.6%
54.7%
Operating Margin
4.5%
9.8%
Net Margin
3.4%
4.4%
Revenue YoY
1.6%
15.0%
Net Profit YoY
32.3%
2641.7%
EPS (diluted)
$1.16
$0.20

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.

Revenue
LSTR
LSTR
NVST
NVST
Q1 26
$1.2B
Q4 25
$1.2B
$750.6M
Q3 25
$1.2B
$669.9M
Q2 25
$1.2B
$682.1M
Q1 25
$1.2B
$616.9M
Q4 24
$1.2B
$652.9M
Q3 24
$1.2B
$601.0M
Q2 24
$1.2B
$633.1M
Net Profit
LSTR
LSTR
NVST
NVST
Q1 26
$39.4M
Q4 25
$23.9M
$32.9M
Q3 25
$19.4M
$-30.3M
Q2 25
$41.9M
$26.4M
Q1 25
$29.8M
$18.0M
Q4 24
$46.2M
$1.2M
Q3 24
$50.0M
$8.2M
Q2 24
$52.6M
$-1.2B
Gross Margin
LSTR
LSTR
NVST
NVST
Q1 26
9.6%
Q4 25
54.7%
Q3 25
55.3%
Q2 25
54.2%
Q1 25
54.5%
Q4 24
57.1%
Q3 24
52.8%
Q2 24
51.6%
Operating Margin
LSTR
LSTR
NVST
NVST
Q1 26
4.5%
Q4 25
2.5%
9.8%
Q3 25
2.2%
8.6%
Q2 25
4.6%
6.8%
Q1 25
3.4%
6.3%
Q4 24
4.8%
7.1%
Q3 24
5.2%
3.5%
Q2 24
5.6%
-182.2%
Net Margin
LSTR
LSTR
NVST
NVST
Q1 26
3.4%
Q4 25
2.0%
4.4%
Q3 25
1.6%
-4.5%
Q2 25
3.5%
3.9%
Q1 25
2.6%
2.9%
Q4 24
3.8%
0.2%
Q3 24
4.1%
1.4%
Q2 24
4.3%
-181.9%
EPS (diluted)
LSTR
LSTR
NVST
NVST
Q1 26
$1.16
Q4 25
$0.70
$0.20
Q3 25
$0.56
$-0.18
Q2 25
$1.20
$0.16
Q1 25
$0.85
$0.10
Q4 24
$1.30
$0.00
Q3 24
$1.41
$0.05
Q2 24
$1.48
$-6.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSTR
LSTR
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$411.0M
$1.2B
Total DebtLower is stronger
$26.1M
$1.4B
Stockholders' EquityBook value
$799.0M
$3.1B
Total Assets
$1.6B
$5.7B
Debt / EquityLower = less leverage
0.03×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTR
LSTR
NVST
NVST
Q1 26
$411.0M
Q4 25
$452.2M
$1.2B
Q3 25
$434.4M
$1.1B
Q2 25
$426.2M
$1.1B
Q1 25
$473.4M
$1.1B
Q4 24
$566.6M
$1.1B
Q3 24
$531.3M
$991.3M
Q2 24
$504.0M
$1.0B
Total Debt
LSTR
LSTR
NVST
NVST
Q1 26
$26.1M
Q4 25
$0
$1.4B
Q3 25
$0
$1.4B
Q2 25
$0
$1.4B
Q1 25
$0
$1.4B
Q4 24
$0
$1.4B
Q3 24
$0
$1.4B
Q2 24
$0
$1.5B
Stockholders' Equity
LSTR
LSTR
NVST
NVST
Q1 26
$799.0M
Q4 25
$795.7M
$3.1B
Q3 25
$888.7M
$3.1B
Q2 25
$921.8M
$3.1B
Q1 25
$930.8M
$3.0B
Q4 24
$972.4M
$2.9B
Q3 24
$1.0B
$3.1B
Q2 24
$1.0B
$3.0B
Total Assets
LSTR
LSTR
NVST
NVST
Q1 26
$1.6B
Q4 25
$1.6B
$5.7B
Q3 25
$1.7B
$5.6B
Q2 25
$1.7B
$5.7B
Q1 25
$1.7B
$5.5B
Q4 24
$1.8B
$5.4B
Q3 24
$1.8B
$5.5B
Q2 24
$1.8B
$5.4B
Debt / Equity
LSTR
LSTR
NVST
NVST
Q1 26
0.03×
Q4 25
0.00×
0.47×
Q3 25
0.00×
0.47×
Q2 25
0.00×
0.46×
Q1 25
0.00×
0.47×
Q4 24
0.00×
0.48×
Q3 24
0.00×
0.46×
Q2 24
0.00×
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSTR
LSTR
NVST
NVST
Operating Cash FlowLast quarter
$108.0M
Free Cash FlowOCF − Capex
$91.7M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSTR
LSTR
NVST
NVST
Q1 26
Q4 25
$72.7M
$108.0M
Q3 25
$89.3M
$78.7M
Q2 25
$7.1M
$88.7M
Q1 25
$55.7M
$300.0K
Q4 24
$61.1M
$132.4M
Q3 24
$83.1M
$70.7M
Q2 24
$48.1M
$93.1M
Free Cash Flow
LSTR
LSTR
NVST
NVST
Q1 26
Q4 25
$70.5M
$91.7M
Q3 25
$86.0M
$67.9M
Q2 25
$4.7M
$76.4M
Q1 25
$53.8M
$-5.6M
Q4 24
$54.4M
$123.8M
Q3 24
$75.6M
$63.3M
Q2 24
$40.6M
$86.3M
FCF Margin
LSTR
LSTR
NVST
NVST
Q1 26
Q4 25
6.0%
12.2%
Q3 25
7.1%
10.1%
Q2 25
0.4%
11.2%
Q1 25
4.7%
-0.9%
Q4 24
4.5%
19.0%
Q3 24
6.2%
10.5%
Q2 24
3.3%
13.6%
Capex Intensity
LSTR
LSTR
NVST
NVST
Q1 26
Q4 25
0.2%
2.2%
Q3 25
0.3%
1.6%
Q2 25
0.2%
1.8%
Q1 25
0.2%
1.0%
Q4 24
0.6%
1.3%
Q3 24
0.6%
1.2%
Q2 24
0.6%
1.1%
Cash Conversion
LSTR
LSTR
NVST
NVST
Q1 26
Q4 25
3.04×
3.28×
Q3 25
4.61×
Q2 25
0.17×
3.36×
Q1 25
1.87×
0.02×
Q4 24
1.32×
110.33×
Q3 24
1.66×
8.62×
Q2 24
0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LSTR
LSTR

Segment breakdown not available.

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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