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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $766.5M, roughly 1.5× SCANSOURCE, INC.). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs 2.2%, a 1.2% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs 1.6%). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% 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, ...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
LSTR vs SCSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $766.5M |
| Net Profit | $39.4M | $16.5M |
| Gross Margin | 9.6% | 13.4% |
| Operating Margin | 4.5% | 2.3% |
| Net Margin | 3.4% | 2.2% |
| Revenue YoY | 1.6% | 2.5% |
| Net Profit YoY | 32.3% | -3.3% |
| EPS (diluted) | $1.16 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $1.2B | $704.8M | ||
| Q4 24 | $1.2B | $747.5M | ||
| Q3 24 | $1.2B | $775.6M | ||
| Q2 24 | $1.2B | $746.1M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $16.5M | ||
| Q3 25 | $19.4M | $19.9M | ||
| Q2 25 | $41.9M | $20.1M | ||
| Q1 25 | $29.8M | $17.4M | ||
| Q4 24 | $46.2M | $17.1M | ||
| Q3 24 | $50.0M | $17.0M | ||
| Q2 24 | $52.6M | $16.1M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 2.3% | ||
| Q3 25 | 2.2% | 3.5% | ||
| Q2 25 | 4.6% | 3.3% | ||
| Q1 25 | 3.4% | 3.2% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | 5.2% | 2.3% | ||
| Q2 24 | 5.6% | 2.9% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 2.2% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 3.8% | 2.3% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 4.3% | 2.2% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.75 | ||
| Q3 25 | $0.56 | $0.89 | ||
| Q2 25 | $1.20 | $0.87 | ||
| Q1 25 | $0.85 | $0.74 | ||
| Q4 24 | $1.30 | $0.70 | ||
| Q3 24 | $1.41 | $0.69 | ||
| Q2 24 | $1.48 | $0.66 |
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 | $83.5M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $910.9M |
| Total Assets | $1.6B | $1.7B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $83.5M | ||
| Q3 25 | $434.4M | $124.9M | ||
| Q2 25 | $426.2M | $126.2M | ||
| Q1 25 | $473.4M | $146.3M | ||
| Q4 24 | $566.6M | $110.5M | ||
| Q3 24 | $531.3M | $145.0M | ||
| Q2 24 | $504.0M | $185.5M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $910.9M | ||
| Q3 25 | $888.7M | $914.0M | ||
| Q2 25 | $921.8M | $906.4M | ||
| Q1 25 | $930.8M | $901.7M | ||
| Q4 24 | $972.4M | $900.7M | ||
| Q3 24 | $1.0B | $920.9M | ||
| Q2 24 | $1.0B | $924.3M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | — | $30.8M |
| Free Cash FlowOCF − Capex | — | $28.9M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $30.8M | ||
| Q3 25 | $89.3M | $23.2M | ||
| Q2 25 | $7.1M | — | ||
| Q1 25 | $55.7M | $66.1M | ||
| Q4 24 | $61.1M | $-6.2M | ||
| Q3 24 | $83.1M | $44.8M | ||
| Q2 24 | $48.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $28.9M | ||
| Q3 25 | $86.0M | $20.8M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $53.8M | $64.6M | ||
| Q4 24 | $54.4M | $-8.2M | ||
| Q3 24 | $75.6M | $42.5M | ||
| Q2 24 | $40.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 3.8% | ||
| Q3 25 | 7.1% | 2.8% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 4.7% | 9.2% | ||
| Q4 24 | 4.5% | -1.1% | ||
| Q3 24 | 6.2% | 5.5% | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.6% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.87× | ||
| Q3 25 | 4.61× | 1.17× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | 3.79× | ||
| Q4 24 | 1.32× | -0.36× | ||
| Q3 24 | 1.66× | 2.64× | ||
| 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.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
