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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $692.4M, roughly 1.7× OCEANEERING INTERNATIONAL INC). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 3.4%, a 1.8% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs 1.6%). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% 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, ...
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
LSTR vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $692.4M |
| Net Profit | $39.4M | $36.1M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | — |
| Net Margin | 3.4% | 5.2% |
| Revenue YoY | 1.6% | 3.6% |
| Net Profit YoY | 32.3% | -28.3% |
| 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 | $692.4M | ||
| Q4 25 | $1.2B | $668.6M | ||
| Q3 25 | $1.2B | $742.9M | ||
| Q2 25 | $1.2B | $698.2M | ||
| Q1 25 | $1.2B | $674.5M | ||
| Q4 24 | $1.2B | $713.5M | ||
| Q3 24 | $1.2B | $679.8M | ||
| Q2 24 | $1.2B | $668.8M |
| Q1 26 | $39.4M | $36.1M | ||
| Q4 25 | $23.9M | $177.7M | ||
| Q3 25 | $19.4M | $71.3M | ||
| Q2 25 | $41.9M | $54.4M | ||
| Q1 25 | $29.8M | $50.4M | ||
| Q4 24 | $46.2M | $56.1M | ||
| Q3 24 | $50.0M | $41.2M | ||
| Q2 24 | $52.6M | $35.0M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 9.8% | ||
| Q3 25 | 2.2% | 11.6% | ||
| Q2 25 | 4.6% | 11.3% | ||
| Q1 25 | 3.4% | 10.9% | ||
| Q4 24 | 4.8% | 10.9% | ||
| Q3 24 | 5.2% | 10.5% | ||
| Q2 24 | 5.6% | 9.0% |
| Q1 26 | 3.4% | 5.2% | ||
| Q4 25 | 2.0% | 26.6% | ||
| Q3 25 | 1.6% | 9.6% | ||
| Q2 25 | 3.5% | 7.8% | ||
| Q1 25 | 2.6% | 7.5% | ||
| Q4 24 | 3.8% | 7.9% | ||
| Q3 24 | 4.1% | 6.1% | ||
| Q2 24 | 4.3% | 5.2% |
| Q1 26 | $1.16 | $0.36 | ||
| Q4 25 | $0.70 | $1.75 | ||
| Q3 25 | $0.56 | $0.71 | ||
| Q2 25 | $1.20 | $0.54 | ||
| Q1 25 | $0.85 | $0.49 | ||
| Q4 24 | $1.30 | $0.55 | ||
| Q3 24 | $1.41 | $0.40 | ||
| Q2 24 | $1.48 | $0.34 |
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 | — |
| Total DebtLower is stronger | $26.1M | $488.8M |
| Stockholders' EquityBook value | $799.0M | $1.1B |
| Total Assets | $1.6B | $2.6B |
| Debt / EquityLower = less leverage | 0.03× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $695.9M | ||
| Q3 25 | $434.4M | $7.0M | ||
| Q2 25 | $426.2M | $7.0M | ||
| Q1 25 | $473.4M | $7.0M | ||
| Q4 24 | $566.6M | $504.5M | ||
| Q3 24 | $531.3M | — | ||
| Q2 24 | $504.0M | — |
| Q1 26 | $26.1M | $488.8M | ||
| Q4 25 | $0 | $487.4M | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $482.0M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
| Q1 26 | $799.0M | $1.1B | ||
| Q4 25 | $795.7M | $1.1B | ||
| Q3 25 | $888.7M | $907.7M | ||
| Q2 25 | $921.8M | $842.1M | ||
| Q1 25 | $930.8M | $773.1M | ||
| Q4 24 | $972.4M | $714.3M | ||
| Q3 24 | $1.0B | $698.0M | ||
| Q2 24 | $1.0B | $651.0M |
| Q1 26 | $1.6B | $2.6B | ||
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.3B |
| Q1 26 | 0.03× | 0.44× | ||
| Q4 25 | 0.00× | 0.46× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.67× | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $221.1M | ||
| Q3 25 | $89.3M | $101.3M | ||
| Q2 25 | $7.1M | $77.2M | ||
| Q1 25 | $55.7M | $-80.7M | ||
| Q4 24 | $61.1M | $128.4M | ||
| Q3 24 | $83.1M | $91.9M | ||
| Q2 24 | $48.1M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $70.5M | $190.7M | ||
| Q3 25 | $86.0M | $77.0M | ||
| Q2 25 | $4.7M | $46.9M | ||
| Q1 25 | $53.8M | $-106.8M | ||
| Q4 24 | $54.4M | $94.5M | ||
| Q3 24 | $75.6M | $67.0M | ||
| Q2 24 | $40.6M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 6.0% | 28.5% | ||
| Q3 25 | 7.1% | 10.4% | ||
| Q2 25 | 0.4% | 6.7% | ||
| Q1 25 | 4.7% | -15.8% | ||
| Q4 24 | 4.5% | 13.2% | ||
| Q3 24 | 6.2% | 9.9% | ||
| Q2 24 | 3.3% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | 0.3% | 3.3% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.2% | 3.9% | ||
| Q4 24 | 0.6% | 4.7% | ||
| Q3 24 | 0.6% | 3.7% | ||
| Q2 24 | 0.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.24× | ||
| Q3 25 | 4.61× | 1.42× | ||
| Q2 25 | 0.17× | 1.42× | ||
| Q1 25 | 1.87× | -1.60× | ||
| Q4 24 | 1.32× | 2.29× | ||
| Q3 24 | 1.66× | 2.23× | ||
| Q2 24 | 0.91× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
