vs
Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Old Dominion (ODFL). Click either name above to swap in a different company.
Old Dominion is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× LANDSTAR SYSTEM INC). Old Dominion runs the higher net margin — 17.6% vs 2.0%, a 15.5% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (-2.9% vs -5.7%). Old Dominion produced more free cash flow last quarter ($264.5M vs $70.5M). Over the past eight quarters, LANDSTAR SYSTEM INC's revenue compounded faster (0.1% CAGR vs -5.4%).
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, ...
Old Dominion Freight Line, Inc. (ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
LSTR vs ODFL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $23.9M | $229.5M |
| Gross Margin | — | — |
| Operating Margin | 2.5% | 23.3% |
| Net Margin | 2.0% | 17.6% |
| Revenue YoY | -2.9% | -5.7% |
| Net Profit YoY | -48.2% | -12.8% |
| EPS (diluted) | $0.70 | $1.10 |
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.
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
| Q4 25 | $23.9M | $229.5M | ||
| Q3 25 | $19.4M | $270.9M | ||
| Q2 25 | $41.9M | $268.6M | ||
| Q1 25 | $29.8M | $254.7M | ||
| Q4 24 | $46.2M | $263.1M | ||
| Q3 24 | $50.0M | $308.6M | ||
| Q2 24 | $52.6M | $322.0M | ||
| Q1 24 | $47.1M | $292.3M |
| Q4 25 | 2.5% | 23.3% | ||
| Q3 25 | 2.2% | 25.7% | ||
| Q2 25 | 4.6% | 25.4% | ||
| Q1 25 | 3.4% | 24.6% | ||
| Q4 24 | 4.8% | 24.1% | ||
| Q3 24 | 5.2% | 27.3% | ||
| Q2 24 | 5.6% | 28.1% | ||
| Q1 24 | 5.1% | 26.5% |
| Q4 25 | 2.0% | 17.6% | ||
| Q3 25 | 1.6% | 19.3% | ||
| Q2 25 | 3.5% | 19.1% | ||
| Q1 25 | 2.6% | 18.5% | ||
| Q4 24 | 3.8% | 19.0% | ||
| Q3 24 | 4.1% | 21.0% | ||
| Q2 24 | 4.3% | 21.5% | ||
| Q1 24 | 4.0% | 20.0% |
| Q4 25 | $0.70 | $1.10 | ||
| Q3 25 | $0.56 | $1.28 | ||
| Q2 25 | $1.20 | $1.27 | ||
| Q1 25 | $0.85 | $1.19 | ||
| Q4 24 | $1.30 | $1.23 | ||
| Q3 24 | $1.41 | $1.43 | ||
| Q2 24 | $1.48 | $1.48 | ||
| Q1 24 | $1.32 | $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 | $452.2M | $120.1M |
| Total DebtLower is stronger | $0 | $20.0M |
| Stockholders' EquityBook value | $795.7M | $4.3B |
| Total Assets | $1.6B | $5.5B |
| Debt / EquityLower = less leverage | 0.00× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $452.2M | $120.1M | ||
| Q3 25 | $434.4M | $46.6M | ||
| Q2 25 | $426.2M | $24.1M | ||
| Q1 25 | $473.4M | $97.2M | ||
| Q4 24 | $566.6M | $108.7M | ||
| Q3 24 | $531.3M | $74.2M | ||
| Q2 24 | $504.0M | $104.6M | ||
| Q1 24 | $530.5M | $581.0M |
| Q4 25 | $0 | $20.0M | ||
| Q3 25 | $0 | $65.0M | ||
| Q2 25 | $0 | $150.0M | ||
| Q1 25 | $0 | $40.0M | ||
| Q4 24 | $0 | $40.0M | ||
| Q3 24 | $0 | $40.0M | ||
| Q2 24 | $0 | $40.0M | ||
| Q1 24 | $0 | $60.0M |
| Q4 25 | $795.7M | $4.3B | ||
| Q3 25 | $888.7M | $4.3B | ||
| Q2 25 | $921.8M | $4.2B | ||
| Q1 25 | $930.8M | $4.2B | ||
| Q4 24 | $972.4M | $4.2B | ||
| Q3 24 | $1.0B | $4.2B | ||
| Q2 24 | $1.0B | $4.1B | ||
| Q1 24 | $1.0B | $4.4B |
| Q4 25 | $1.6B | $5.5B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.7B | $5.5B | ||
| Q4 24 | $1.8B | $5.5B | ||
| Q3 24 | $1.8B | $5.4B | ||
| Q2 24 | $1.8B | $5.3B | ||
| Q1 24 | $1.7B | $5.7B |
| Q4 25 | 0.00× | 0.00× | ||
| Q3 25 | 0.00× | 0.02× | ||
| Q2 25 | 0.00× | 0.04× | ||
| Q1 25 | 0.00× | 0.01× | ||
| Q4 24 | 0.00× | 0.01× | ||
| Q3 24 | 0.00× | 0.01× | ||
| Q2 24 | 0.00× | 0.01× | ||
| Q1 24 | 0.00× | 0.01× |
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 | $72.7M | $310.3M |
| Free Cash FlowOCF − Capex | $70.5M | $264.5M |
| FCF MarginFCF / Revenue | 6.0% | 20.2% |
| Capex IntensityCapex / Revenue | 0.2% | 3.5% |
| Cash ConversionOCF / Net Profit | 3.04× | 1.35× |
| TTM Free Cash FlowTrailing 4 quarters | $215.0M | $955.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.7M | $310.3M | ||
| Q3 25 | $89.3M | $437.5M | ||
| Q2 25 | $7.1M | $285.8M | ||
| Q1 25 | $55.7M | $336.5M | ||
| Q4 24 | $61.1M | $401.1M | ||
| Q3 24 | $83.1M | $446.5M | ||
| Q2 24 | $48.1M | $387.9M | ||
| Q1 24 | $94.2M | $423.9M |
| Q4 25 | $70.5M | $264.5M | ||
| Q3 25 | $86.0M | $343.5M | ||
| Q2 25 | $4.7M | $98.7M | ||
| Q1 25 | $53.8M | $248.4M | ||
| Q4 24 | $54.4M | $230.1M | ||
| Q3 24 | $75.6M | $203.7M | ||
| Q2 24 | $40.6M | $149.7M | ||
| Q1 24 | $84.9M | $304.4M |
| Q4 25 | 6.0% | 20.2% | ||
| Q3 25 | 7.1% | 24.4% | ||
| Q2 25 | 0.4% | 7.0% | ||
| Q1 25 | 4.7% | 18.1% | ||
| Q4 24 | 4.5% | 16.6% | ||
| Q3 24 | 6.2% | 13.9% | ||
| Q2 24 | 3.3% | 10.0% | ||
| Q1 24 | 7.3% | 20.8% |
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.3% | 6.7% | ||
| Q2 25 | 0.2% | 13.3% | ||
| Q1 25 | 0.2% | 6.4% | ||
| Q4 24 | 0.6% | 12.3% | ||
| Q3 24 | 0.6% | 16.5% | ||
| Q2 24 | 0.6% | 15.9% | ||
| Q1 24 | 0.8% | 8.2% |
| Q4 25 | 3.04× | 1.35× | ||
| Q3 25 | 4.61× | 1.61× | ||
| Q2 25 | 0.17× | 1.06× | ||
| Q1 25 | 1.87× | 1.32× | ||
| Q4 24 | 1.32× | 1.52× | ||
| Q3 24 | 1.66× | 1.45× | ||
| Q2 24 | 0.91× | 1.20× | ||
| Q1 24 | 2.00× | 1.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
| Transportation Logistics | $1.2B | 99% |
| Insurance | $14.6M | 1% |
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
