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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× LANDSTAR SYSTEM INC). Public Storage runs the higher net margin — 41.7% vs 3.4%, a 38.3% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs 1.6%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% 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, ...
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
LSTR vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $39.4M | $507.1M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 40.7% |
| Net Margin | 3.4% | 41.7% |
| Revenue YoY | 1.6% | 3.3% |
| Net Profit YoY | 32.3% | -17.5% |
| EPS (diluted) | $1.16 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $507.1M | ||
| Q3 25 | $19.4M | $511.1M | ||
| Q2 25 | $41.9M | $358.4M | ||
| Q1 25 | $29.8M | $407.8M | ||
| Q4 24 | $46.2M | $614.6M | ||
| Q3 24 | $50.0M | $430.3M | ||
| Q2 24 | $52.6M | $518.1M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 40.7% | ||
| Q3 25 | 2.2% | 42.3% | ||
| Q2 25 | 4.6% | 30.4% | ||
| Q1 25 | 3.4% | 34.8% | ||
| Q4 24 | 4.8% | 52.4% | ||
| Q3 24 | 5.2% | 36.7% | ||
| Q2 24 | 5.6% | 44.6% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 41.7% | ||
| Q3 25 | 1.6% | 41.8% | ||
| Q2 25 | 3.5% | 29.8% | ||
| Q1 25 | 2.6% | 34.5% | ||
| Q4 24 | 3.8% | 52.2% | ||
| Q3 24 | 4.1% | 36.2% | ||
| Q2 24 | 4.3% | 44.2% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $2.59 | ||
| Q3 25 | $0.56 | $2.62 | ||
| Q2 25 | $1.20 | $1.76 | ||
| Q1 25 | $0.85 | $2.04 | ||
| Q4 24 | $1.30 | $3.22 | ||
| Q3 24 | $1.41 | $2.16 | ||
| Q2 24 | $1.48 | $2.66 |
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 | $318.1M |
| Total DebtLower is stronger | $26.1M | $10.3B |
| Stockholders' EquityBook value | $799.0M | $9.2B |
| Total Assets | $1.6B | $20.2B |
| Debt / EquityLower = less leverage | 0.03× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $318.1M | ||
| Q3 25 | $434.4M | $296.5M | ||
| Q2 25 | $426.2M | $1.1B | ||
| Q1 25 | $473.4M | $287.2M | ||
| Q4 24 | $566.6M | $447.4M | ||
| Q3 24 | $531.3M | $599.0M | ||
| Q2 24 | $504.0M | $542.3M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $10.3B | ||
| Q3 25 | $0 | $10.0B | ||
| Q2 25 | $0 | $10.4B | ||
| Q1 25 | $0 | $9.4B | ||
| Q4 24 | $0 | $9.4B | ||
| Q3 24 | $0 | $9.5B | ||
| Q2 24 | $0 | $9.4B |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $9.2B | ||
| Q3 25 | $888.7M | $9.3B | ||
| Q2 25 | $921.8M | $9.4B | ||
| Q1 25 | $930.8M | $9.6B | ||
| Q4 24 | $972.4M | $9.7B | ||
| Q3 24 | $1.0B | $9.6B | ||
| Q2 24 | $1.0B | $9.7B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $20.2B | ||
| Q3 25 | $1.7B | $20.1B | ||
| Q2 25 | $1.7B | $20.5B | ||
| Q1 25 | $1.7B | $19.6B | ||
| Q4 24 | $1.8B | $19.8B | ||
| Q3 24 | $1.8B | $19.8B | ||
| Q2 24 | $1.8B | $19.8B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 1.11× | ||
| Q3 25 | 0.00× | 1.08× | ||
| Q2 25 | 0.00× | 1.11× | ||
| Q1 25 | 0.00× | 0.99× | ||
| Q4 24 | 0.00× | 0.96× | ||
| Q3 24 | 0.00× | 0.99× | ||
| Q2 24 | 0.00× | 0.97× |
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 | — | $733.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $733.6M | ||
| Q3 25 | $89.3M | $875.1M | ||
| Q2 25 | $7.1M | $872.7M | ||
| Q1 25 | $55.7M | $705.1M | ||
| Q4 24 | $61.1M | $768.6M | ||
| Q3 24 | $83.1M | $798.8M | ||
| Q2 24 | $48.1M | $895.3M |
| 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× | 1.45× | ||
| Q3 25 | 4.61× | 1.71× | ||
| Q2 25 | 0.17× | 2.43× | ||
| Q1 25 | 1.87× | 1.73× | ||
| Q4 24 | 1.32× | 1.25× | ||
| Q3 24 | 1.66× | 1.86× | ||
| Q2 24 | 0.91× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
