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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.
PENN Entertainment, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -0.2%, a 3.5% gap on every dollar of revenue. On growth, PENN Entertainment, Inc. posted the faster year-over-year revenue change (6.4% vs 1.6%). Over the past eight quarters, PENN Entertainment, Inc.'s revenue compounded faster (3.4% 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, ...
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.
LSTR vs PENN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.8B |
| Net Profit | $39.4M | $-2.8M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 5.5% |
| Net Margin | 3.4% | -0.2% |
| Revenue YoY | 1.6% | 6.4% |
| Net Profit YoY | 32.3% | — |
| EPS (diluted) | $1.16 | $-0.02 |
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 | $1.8B | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | $39.4M | $-2.8M | ||
| Q4 25 | $23.9M | $-72.9M | ||
| Q3 25 | $19.4M | $-864.6M | ||
| Q2 25 | $41.9M | $-17.4M | ||
| Q1 25 | $29.8M | $111.8M | ||
| Q4 24 | $46.2M | $-133.3M | ||
| Q3 24 | $50.0M | $-36.7M | ||
| Q2 24 | $52.6M | $-26.8M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 4.5% | 5.5% | ||
| Q4 25 | 2.5% | -1.0% | ||
| Q3 25 | 2.2% | -45.2% | ||
| Q2 25 | 4.6% | 4.4% | ||
| Q1 25 | 3.4% | 2.6% | ||
| Q4 24 | 4.8% | -2.9% | ||
| Q3 24 | 5.2% | 4.1% | ||
| Q2 24 | 5.6% | 4.5% |
| Q1 26 | 3.4% | -0.2% | ||
| Q4 25 | 2.0% | -4.0% | ||
| Q3 25 | 1.6% | -50.3% | ||
| Q2 25 | 3.5% | -1.0% | ||
| Q1 25 | 2.6% | 6.7% | ||
| Q4 24 | 3.8% | -8.0% | ||
| Q3 24 | 4.1% | -2.2% | ||
| Q2 24 | 4.3% | -1.6% |
| Q1 26 | $1.16 | $-0.02 | ||
| Q4 25 | $0.70 | $-0.36 | ||
| Q3 25 | $0.56 | $-6.03 | ||
| Q2 25 | $1.20 | $-0.12 | ||
| Q1 25 | $0.85 | $0.68 | ||
| Q4 24 | $1.30 | $-0.87 | ||
| Q3 24 | $1.41 | $-0.24 | ||
| Q2 24 | $1.48 | $-0.18 |
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 | $708.0M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | — |
| Total Assets | $1.6B | — |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | $708.0M | ||
| Q4 25 | $452.2M | $686.6M | ||
| Q3 25 | $434.4M | $660.1M | ||
| Q2 25 | $426.2M | $671.6M | ||
| Q1 25 | $473.4M | $591.6M | ||
| Q4 24 | $566.6M | $706.6M | ||
| Q3 24 | $531.3M | $834.0M | ||
| Q2 24 | $504.0M | $877.6M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $2.9B | ||
| Q3 25 | $0 | $2.9B | ||
| Q2 25 | $0 | $2.8B | ||
| Q1 25 | $0 | $2.6B | ||
| Q4 24 | $0 | $2.8B | ||
| Q3 24 | $0 | $2.8B | ||
| Q2 24 | $0 | $2.8B |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.8B | ||
| Q3 25 | $888.7M | $2.0B | ||
| Q2 25 | $921.8M | $3.0B | ||
| Q1 25 | $930.8M | $3.0B | ||
| Q4 24 | $972.4M | $2.9B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $3.1B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $14.3B | ||
| Q3 25 | $1.7B | $14.3B | ||
| Q2 25 | $1.7B | $15.2B | ||
| Q1 25 | $1.7B | $15.1B | ||
| Q4 24 | $1.8B | $15.3B | ||
| Q3 24 | $1.8B | $15.5B | ||
| Q2 24 | $1.8B | $15.5B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 1.58× | ||
| Q3 25 | 0.00× | 1.46× | ||
| Q2 25 | 0.00× | 0.94× | ||
| Q1 25 | 0.00× | 0.89× | ||
| Q4 24 | 0.00× | 0.98× | ||
| Q3 24 | 0.00× | 0.91× | ||
| Q2 24 | 0.00× | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $358.3M | 20% |
| Midwest segment (4) | $305.9M | 17% |
| South segment (2) | $281.3M | 16% |
| West segment (3) | $145.8M | 8% |
