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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $836.0M, roughly 1.4× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs 3.4%, a 9.7% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -16.7%). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% 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, ...
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
LSTR vs SBGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $836.0M |
| Net Profit | $39.4M | $109.0M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 9.6% |
| Net Margin | 3.4% | 13.0% |
| Revenue YoY | 1.6% | -16.7% |
| Net Profit YoY | 32.3% | -38.1% |
| EPS (diluted) | $1.16 | $1.62 |
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 | $836.0M | ||
| Q3 25 | $1.2B | $773.0M | ||
| Q2 25 | $1.2B | $784.0M | ||
| Q1 25 | $1.2B | $776.0M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $917.0M | ||
| Q2 24 | $1.2B | $829.0M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $109.0M | ||
| Q3 25 | $19.4M | $-1.0M | ||
| Q2 25 | $41.9M | $-64.0M | ||
| Q1 25 | $29.8M | $-156.0M | ||
| Q4 24 | $46.2M | $176.0M | ||
| Q3 24 | $50.0M | $94.0M | ||
| Q2 24 | $52.6M | $17.0M |
| 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% | 9.6% | ||
| Q3 25 | 2.2% | 7.5% | ||
| Q2 25 | 4.6% | 2.7% | ||
| Q1 25 | 3.4% | 1.8% | ||
| Q4 24 | 4.8% | 26.5% | ||
| Q3 24 | 5.2% | 19.5% | ||
| Q2 24 | 5.6% | 7.7% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 13.0% | ||
| Q3 25 | 1.6% | -0.1% | ||
| Q2 25 | 3.5% | -8.2% | ||
| Q1 25 | 2.6% | -20.1% | ||
| Q4 24 | 3.8% | 17.5% | ||
| Q3 24 | 4.1% | 10.3% | ||
| Q2 24 | 4.3% | 2.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $1.62 | ||
| Q3 25 | $0.56 | $-0.02 | ||
| Q2 25 | $1.20 | $-0.91 | ||
| Q1 25 | $0.85 | $-2.30 | ||
| Q4 24 | $1.30 | $2.64 | ||
| Q3 24 | $1.41 | $1.43 | ||
| Q2 24 | $1.48 | $0.27 |
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 | $866.0M |
| Total DebtLower is stronger | $26.1M | $4.4B |
| Stockholders' EquityBook value | $799.0M | $443.0M |
| Total Assets | $1.6B | $5.9B |
| Debt / EquityLower = less leverage | 0.03× | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $866.0M | ||
| Q3 25 | $434.4M | $526.0M | ||
| Q2 25 | $426.2M | $616.0M | ||
| Q1 25 | $473.4M | $631.0M | ||
| Q4 24 | $566.6M | $697.0M | ||
| Q3 24 | $531.3M | $536.0M | ||
| Q2 24 | $504.0M | $378.0M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $4.4B | ||
| Q3 25 | $0 | $4.1B | ||
| Q2 25 | $0 | $4.1B | ||
| Q1 25 | $0 | $4.2B | ||
| Q4 24 | $0 | $4.1B | ||
| Q3 24 | $0 | $4.1B | ||
| Q2 24 | $0 | $4.1B |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $443.0M | ||
| Q3 25 | $888.7M | $347.0M | ||
| Q2 25 | $921.8M | $361.0M | ||
| Q1 25 | $930.8M | $436.0M | ||
| Q4 24 | $972.4M | $583.0M | ||
| Q3 24 | $1.0B | $415.0M | ||
| Q2 24 | $1.0B | $340.0M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.9B | ||
| Q3 25 | $1.7B | $5.6B | ||
| Q2 25 | $1.7B | $5.7B | ||
| Q1 25 | $1.7B | $5.8B | ||
| Q4 24 | $1.8B | $5.9B | ||
| Q3 24 | $1.8B | $5.8B | ||
| Q2 24 | $1.8B | $5.7B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 9.84× | ||
| Q3 25 | 0.00× | 11.75× | ||
| Q2 25 | 0.00× | 11.30× | ||
| Q1 25 | 0.00× | 9.56× | ||
| Q4 24 | 0.00× | 7.02× | ||
| Q3 24 | 0.00× | 9.86× | ||
| Q2 24 | 0.00× | 12.08× |
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 | — | $98.0M |
| Free Cash FlowOCF − Capex | — | $79.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $98.0M | ||
| Q3 25 | $89.3M | $-36.0M | ||
| Q2 25 | $7.1M | $122.0M | ||
| Q1 25 | $55.7M | $5.0M | ||
| Q4 24 | $61.1M | $198.0M | ||
| Q3 24 | $83.1M | $210.0M | ||
| Q2 24 | $48.1M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $79.0M | ||
| Q3 25 | $86.0M | $-58.0M | ||
| Q2 25 | $4.7M | $105.0M | ||
| Q1 25 | $53.8M | $-11.0M | ||
| Q4 24 | $54.4M | $175.0M | ||
| Q3 24 | $75.6M | $193.0M | ||
| Q2 24 | $40.6M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 9.4% | ||
| Q3 25 | 7.1% | -7.5% | ||
| Q2 25 | 0.4% | 13.4% | ||
| Q1 25 | 4.7% | -1.4% | ||
| Q4 24 | 4.5% | 17.4% | ||
| Q3 24 | 6.2% | 21.0% | ||
| Q2 24 | 3.3% | -39.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.3% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 2.1% | ||
| Q4 24 | 0.6% | 2.3% | ||
| Q3 24 | 0.6% | 1.9% | ||
| Q2 24 | 0.6% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 0.90× | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | 1.13× | ||
| Q3 24 | 1.66× | 2.23× | ||
| Q2 24 | 0.91× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
