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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs 3.1%, a 0.2% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs 1.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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, ...
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
LSTR vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $39.4M | $43.8M |
| Gross Margin | 9.6% | 28.6% |
| Operating Margin | 4.5% | 11.4% |
| Net Margin | 3.4% | 3.1% |
| Revenue YoY | 1.6% | 2.6% |
| Net Profit YoY | 32.3% | 700.0% |
| EPS (diluted) | $1.16 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $43.8M | ||
| Q3 25 | $19.4M | $255.1M | ||
| Q2 25 | $41.9M | $93.1M | ||
| Q1 25 | $29.8M | $113.5M | ||
| Q4 24 | $46.2M | $-7.3M | ||
| Q3 24 | $50.0M | $91.7M | ||
| Q2 24 | $52.6M | $98.3M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 11.4% | ||
| Q3 25 | 2.2% | 13.8% | ||
| Q2 25 | 4.6% | 15.0% | ||
| Q1 25 | 3.4% | 14.5% | ||
| Q4 24 | 4.8% | 11.7% | ||
| Q3 24 | 5.2% | 13.9% | ||
| Q2 24 | 5.6% | 15.4% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 3.1% | ||
| Q3 25 | 1.6% | 19.0% | ||
| Q2 25 | 3.5% | 7.0% | ||
| Q1 25 | 2.6% | 9.0% | ||
| Q4 24 | 3.8% | -0.5% | ||
| Q3 24 | 4.1% | 6.9% | ||
| Q2 24 | 4.3% | 7.4% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.30 | ||
| Q3 25 | $0.56 | $1.73 | ||
| Q2 25 | $1.20 | $0.63 | ||
| Q1 25 | $0.85 | $0.77 | ||
| Q4 24 | $1.30 | $-0.05 | ||
| Q3 24 | $1.41 | $0.63 | ||
| Q2 24 | $1.48 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | $26.1M | $3.3B |
| Stockholders' EquityBook value | $799.0M | $1.2B |
| Total Assets | $1.6B | $7.0B |
| Debt / EquityLower = less leverage | 0.03× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $344.0M | ||
| Q3 25 | $434.4M | $282.5M | ||
| Q2 25 | $426.2M | $354.4M | ||
| Q1 25 | $473.4M | $335.2M | ||
| Q4 24 | $566.6M | $371.8M | ||
| Q3 24 | $531.3M | $386.0M | ||
| Q2 24 | $504.0M | $388.6M |
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $3.3B | ||
| Q3 25 | $0 | $4.0B | ||
| Q2 25 | $0 | $4.0B | ||
| Q1 25 | $0 | $4.2B | ||
| Q4 24 | $0 | $4.2B | ||
| Q3 24 | $0 | $4.3B | ||
| Q2 24 | $0 | $4.4B |
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.2B | ||
| Q3 25 | $888.7M | $1.2B | ||
| Q2 25 | $921.8M | $953.1M | ||
| Q1 25 | $930.8M | $797.9M | ||
| Q4 24 | $972.4M | $624.5M | ||
| Q3 24 | $1.0B | $771.2M | ||
| Q2 24 | $1.0B | $650.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $7.0B | ||
| Q3 25 | $1.7B | $7.1B | ||
| Q2 25 | $1.7B | $7.2B | ||
| Q1 25 | $1.7B | $7.0B | ||
| Q4 24 | $1.8B | $7.0B | ||
| Q3 24 | $1.8B | $7.3B | ||
| Q2 24 | $1.8B | $7.3B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 2.65× | ||
| Q3 25 | 0.00× | 3.34× | ||
| Q2 25 | 0.00× | 4.18× | ||
| Q1 25 | 0.00× | 5.26× | ||
| Q4 24 | 0.00× | 6.72× | ||
| Q3 24 | 0.00× | 5.62× | ||
| Q2 24 | 0.00× | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $293.6M | ||
| Q3 25 | $89.3M | $165.9M | ||
| Q2 25 | $7.1M | $136.6M | ||
| Q1 25 | $55.7M | $31.9M | ||
| Q4 24 | $61.1M | $244.2M | ||
| Q3 24 | $83.1M | $170.5M | ||
| Q2 24 | $48.1M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $257.7M | ||
| Q3 25 | $86.0M | $119.6M | ||
| Q2 25 | $4.7M | $93.2M | ||
| Q1 25 | $53.8M | $-12.0M | ||
| Q4 24 | $54.4M | $185.1M | ||
| Q3 24 | $75.6M | $115.2M | ||
| Q2 24 | $40.6M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 18.5% | ||
| Q3 25 | 7.1% | 8.9% | ||
| Q2 25 | 0.4% | 7.0% | ||
| Q1 25 | 4.7% | -0.9% | ||
| Q4 24 | 4.5% | 13.6% | ||
| Q3 24 | 6.2% | 8.6% | ||
| Q2 24 | 3.3% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.2% | 3.3% | ||
| Q1 25 | 0.2% | 3.5% | ||
| Q4 24 | 0.6% | 4.4% | ||
| Q3 24 | 0.6% | 4.1% | ||
| Q2 24 | 0.6% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 6.70× | ||
| Q3 25 | 4.61× | 0.65× | ||
| Q2 25 | 0.17× | 1.47× | ||
| Q1 25 | 1.87× | 0.28× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | 1.86× | ||
| Q2 24 | 0.91× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
