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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× LANDSTAR SYSTEM INC). PACS Group, Inc. runs the higher net margin — 4.4% vs 3.4%, a 1.0% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 1.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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, ...
LSTR vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $39.4M | $59.7M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 7.0% |
| Net Margin | 3.4% | 4.4% |
| Revenue YoY | 1.6% | 18.4% |
| Net Profit YoY | 32.3% | 3022.5% |
| EPS (diluted) | $1.16 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $981.4M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $59.7M | ||
| Q3 25 | $19.4M | $52.4M | ||
| Q2 25 | $41.9M | $51.0M | ||
| Q1 25 | $29.8M | $28.5M | ||
| Q4 24 | $46.2M | $1.9M | ||
| Q3 24 | $50.0M | $15.6M | ||
| Q2 24 | $52.6M | $-10.9M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 7.0% | ||
| Q3 25 | 2.2% | 6.4% | ||
| Q2 25 | 4.6% | 6.2% | ||
| Q1 25 | 3.4% | 3.8% | ||
| Q4 24 | 4.8% | 1.7% | ||
| Q3 24 | 5.2% | 2.2% | ||
| Q2 24 | 5.6% | 0.1% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 4.4% | ||
| Q3 25 | 1.6% | 3.9% | ||
| Q2 25 | 3.5% | 3.9% | ||
| Q1 25 | 2.6% | 2.2% | ||
| Q4 24 | 3.8% | 0.2% | ||
| Q3 24 | 4.1% | 1.5% | ||
| Q2 24 | 4.3% | -1.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.42 | ||
| Q3 25 | $0.56 | $0.32 | ||
| Q2 25 | $1.20 | $0.31 | ||
| Q1 25 | $0.85 | $0.17 | ||
| Q4 24 | $1.30 | $-0.03 | ||
| Q3 24 | $1.41 | $0.10 | ||
| Q2 24 | $1.48 | $-0.07 |
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 | $197.0M |
| Total DebtLower is stronger | $26.1M | $353.2M |
| Stockholders' EquityBook value | $799.0M | $946.8M |
| Total Assets | $1.6B | $5.6B |
| Debt / EquityLower = less leverage | 0.03× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $197.0M | ||
| Q3 25 | $434.4M | $355.7M | ||
| Q2 25 | $426.2M | $294.2M | ||
| Q1 25 | $473.4M | $287.5M | ||
| Q4 24 | $566.6M | $157.7M | ||
| Q3 24 | $531.3M | $49.5M | ||
| Q2 24 | $504.0M | $73.4M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $353.2M | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $411.9M | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $946.8M | ||
| Q3 25 | $888.7M | $871.3M | ||
| Q2 25 | $921.8M | $806.8M | ||
| Q1 25 | $930.8M | $750.2M | ||
| Q4 24 | $972.4M | $709.6M | ||
| Q3 24 | $1.0B | $660.0M | ||
| Q2 24 | $1.0B | $572.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.6B | ||
| Q3 25 | $1.7B | $5.6B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.7B | $5.5B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.8B | $4.5B | ||
| Q2 24 | $1.8B | $3.9B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.37× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.58× | ||
| 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 | — | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $-3.4M | ||
| Q3 25 | $89.3M | $204.8M | ||
| Q2 25 | $7.1M | $52.6M | ||
| Q1 25 | $55.7M | $150.2M | ||
| Q4 24 | $61.1M | $64.6M | ||
| Q3 24 | $83.1M | $209.2M | ||
| Q2 24 | $48.1M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | — | ||
| Q3 25 | $86.0M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $53.8M | — | ||
| Q4 24 | $54.4M | — | ||
| Q3 24 | $75.6M | — | ||
| Q2 24 | $40.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | -0.06× | ||
| Q3 25 | 4.61× | 3.91× | ||
| Q2 25 | 0.17× | 1.03× | ||
| Q1 25 | 1.87× | 5.28× | ||
| Q4 24 | 1.32× | 33.78× | ||
| Q3 24 | 1.66× | 13.39× | ||
| Q2 24 | 0.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
