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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -3.1%, a 6.5% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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, ...
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
LSTR vs RXO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $39.4M | $-46.0M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | -2.9% |
| Net Margin | 3.4% | -3.1% |
| Revenue YoY | 1.6% | -11.9% |
| Net Profit YoY | 32.3% | -84.0% |
| EPS (diluted) | $1.16 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $-46.0M | ||
| Q3 25 | $19.4M | $-14.0M | ||
| Q2 25 | $41.9M | $-9.0M | ||
| Q1 25 | $29.8M | $-31.0M | ||
| Q4 24 | $46.2M | $-25.0M | ||
| Q3 24 | $50.0M | $-243.0M | ||
| Q2 24 | $52.6M | $-7.0M |
| 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% | -2.9% | ||
| Q3 25 | 2.2% | -0.5% | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.4% | -2.1% | ||
| Q4 24 | 4.8% | -1.4% | ||
| Q3 24 | 5.2% | -1.9% | ||
| Q2 24 | 5.6% | — |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | -3.1% | ||
| Q3 25 | 1.6% | -1.0% | ||
| Q2 25 | 3.5% | -0.6% | ||
| Q1 25 | 2.6% | -2.2% | ||
| Q4 24 | 3.8% | -1.5% | ||
| Q3 24 | 4.1% | -23.4% | ||
| Q2 24 | 4.3% | -0.8% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $-0.28 | ||
| Q3 25 | $0.56 | $-0.08 | ||
| Q2 25 | $1.20 | $-0.05 | ||
| Q1 25 | $0.85 | $-0.18 | ||
| Q4 24 | $1.30 | $-0.17 | ||
| Q3 24 | $1.41 | $-1.81 | ||
| Q2 24 | $1.48 | $-0.06 |
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 | $17.0M |
| Total DebtLower is stronger | $26.1M | $387.0M |
| Stockholders' EquityBook value | $799.0M | $1.5B |
| Total Assets | $1.6B | $3.3B |
| Debt / EquityLower = less leverage | 0.03× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $17.0M | ||
| Q3 25 | $434.4M | $25.0M | ||
| Q2 25 | $426.2M | $18.0M | ||
| Q1 25 | $473.4M | $16.0M | ||
| Q4 24 | $566.6M | $35.0M | ||
| Q3 24 | $531.3M | $55.0M | ||
| Q2 24 | $504.0M | $7.0M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $387.0M | ||
| Q3 25 | $0 | $387.0M | ||
| Q2 25 | $0 | $387.0M | ||
| Q1 25 | $0 | $387.0M | ||
| Q4 24 | $0 | $351.0M | ||
| Q3 24 | $0 | $352.0M | ||
| Q2 24 | $0 | $370.0M |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.5B | ||
| Q3 25 | $888.7M | $1.6B | ||
| Q2 25 | $921.8M | $1.6B | ||
| Q1 25 | $930.8M | $1.6B | ||
| Q4 24 | $972.4M | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $579.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.8B | $1.8B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.24× | ||
| Q2 25 | 0.00× | 0.24× | ||
| Q1 25 | 0.00× | 0.24× | ||
| Q4 24 | 0.00× | 0.22× | ||
| Q3 24 | 0.00× | 0.21× | ||
| Q2 24 | 0.00× | 0.64× |
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 | — | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $7.0M | ||
| Q3 25 | $89.3M | $23.0M | ||
| Q2 25 | $7.1M | $23.0M | ||
| Q1 25 | $55.7M | $-2.0M | ||
| Q4 24 | $61.1M | $-7.0M | ||
| Q3 24 | $83.1M | $-7.0M | ||
| Q2 24 | $48.1M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $-9.0M | ||
| Q3 25 | $86.0M | $9.0M | ||
| Q2 25 | $4.7M | $9.0M | ||
| Q1 25 | $53.8M | $-17.0M | ||
| Q4 24 | $54.4M | $-19.0M | ||
| Q3 24 | $75.6M | $-18.0M | ||
| Q2 24 | $40.6M | $-16.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | -0.6% | ||
| Q3 25 | 7.1% | 0.6% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 4.7% | -1.2% | ||
| Q4 24 | 4.5% | -1.1% | ||
| Q3 24 | 6.2% | -1.7% | ||
| Q2 24 | 3.3% | -1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 0.6% | 0.7% | ||
| Q3 24 | 0.6% | 1.1% | ||
| Q2 24 | 0.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | — | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
