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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and SM Energy Co (SM). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $704.9M, roughly 1.7× SM Energy Co). On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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, ...
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
LSTR vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $704.9M |
| Net Profit | $39.4M | — |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | 25.9% |
| Net Margin | 3.4% | — |
| Revenue YoY | 1.6% | -17.3% |
| Net Profit YoY | 32.3% | — |
| EPS (diluted) | $1.16 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $1.2B | $811.6M | ||
| Q2 25 | $1.2B | $792.9M | ||
| Q1 25 | $1.2B | $844.5M | ||
| Q4 24 | $1.2B | $852.0M | ||
| Q3 24 | $1.2B | $643.6M | ||
| Q2 24 | $1.2B | $634.6M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | — | ||
| Q3 25 | $19.4M | $155.1M | ||
| Q2 25 | $41.9M | $201.7M | ||
| Q1 25 | $29.8M | $182.3M | ||
| Q4 24 | $46.2M | — | ||
| Q3 24 | $50.0M | $240.5M | ||
| Q2 24 | $52.6M | $210.3M |
| 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% | 25.9% | ||
| Q3 25 | 2.2% | 30.4% | ||
| Q2 25 | 4.6% | 37.2% | ||
| Q1 25 | 3.4% | 32.7% | ||
| Q4 24 | 4.8% | 33.7% | ||
| Q3 24 | 5.2% | 51.4% | ||
| Q2 24 | 5.6% | 44.0% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.6% | 19.1% | ||
| Q2 25 | 3.5% | 25.4% | ||
| Q1 25 | 2.6% | 21.6% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 4.1% | 37.4% | ||
| Q2 24 | 4.3% | 33.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.94 | ||
| Q3 25 | $0.56 | $1.35 | ||
| Q2 25 | $1.20 | $1.76 | ||
| Q1 25 | $0.85 | $1.59 | ||
| Q4 24 | $1.30 | $1.63 | ||
| Q3 24 | $1.41 | $2.09 | ||
| Q2 24 | $1.48 | $1.82 |
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 | $368.0M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $4.8B |
| Total Assets | $1.6B | $9.3B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $368.0M | ||
| Q3 25 | $434.4M | $162.3M | ||
| Q2 25 | $426.2M | $101.9M | ||
| Q1 25 | $473.4M | $54.0K | ||
| Q4 24 | $566.6M | — | ||
| Q3 24 | $531.3M | $1.7B | ||
| Q2 24 | $504.0M | $487.9M |
| 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 | $4.8B | ||
| Q3 25 | $888.7M | $4.7B | ||
| Q2 25 | $921.8M | $4.6B | ||
| Q1 25 | $930.8M | $4.4B | ||
| Q4 24 | $972.4M | $4.2B | ||
| Q3 24 | $1.0B | $4.1B | ||
| Q2 24 | $1.0B | $3.8B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.3B | ||
| Q3 25 | $1.7B | $9.1B | ||
| Q2 25 | $1.7B | $9.0B | ||
| Q1 25 | $1.7B | $8.8B | ||
| Q4 24 | $1.8B | $8.6B | ||
| Q3 24 | $1.8B | $8.0B | ||
| Q2 24 | $1.8B | $6.7B |
| 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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $451.9M | ||
| Q3 25 | $89.3M | $505.0M | ||
| Q2 25 | $7.1M | $571.1M | ||
| Q1 25 | $55.7M | $483.0M | ||
| Q4 24 | $61.1M | $578.4M | ||
| Q3 24 | $83.1M | $452.3M | ||
| Q2 24 | $48.1M | $476.4M |
| 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× | — | ||
| Q3 25 | 4.61× | 3.26× | ||
| Q2 25 | 0.17× | 2.83× | ||
| Q1 25 | 1.87× | 2.65× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | 1.88× | ||
| Q2 24 | 0.91× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
