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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and SONOCO PRODUCTS CO (SON). Click either name above to swap in a different company.

SONOCO PRODUCTS CO is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× LANDSTAR SYSTEM INC). SONOCO PRODUCTS CO runs the higher net margin — 4.1% vs 3.4%, a 0.7% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -1.9%). Over the past eight quarters, SONOCO PRODUCTS CO's revenue compounded faster (1.2% 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, ...

Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. The company is headquartered in Hartsville, S...

LSTR vs SON — Head-to-Head

Bigger by revenue
SON
SON
1.4× larger
SON
$1.7B
$1.2B
LSTR
Growing faster (revenue YoY)
LSTR
LSTR
+3.6% gap
LSTR
1.6%
-1.9%
SON
Higher net margin
SON
SON
0.7% more per $
SON
4.1%
3.4%
LSTR
Faster 2-yr revenue CAGR
SON
SON
Annualised
SON
1.2%
-2.2%
LSTR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LSTR
LSTR
SON
SON
Revenue
$1.2B
$1.7B
Net Profit
$39.4M
$68.0M
Gross Margin
9.6%
20.6%
Operating Margin
4.5%
7.6%
Net Margin
3.4%
4.1%
Revenue YoY
1.6%
-1.9%
Net Profit YoY
32.3%
25.9%
EPS (diluted)
$1.16
$0.68

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.

Revenue
LSTR
LSTR
SON
SON
Q1 26
$1.2B
$1.7B
Q4 25
$1.2B
$1.8B
Q3 25
$1.2B
$2.1B
Q2 25
$1.2B
$1.9B
Q1 25
$1.2B
$1.7B
Q4 24
$1.2B
Q3 24
$1.2B
$1.7B
Q2 24
$1.2B
$1.6B
Net Profit
LSTR
LSTR
SON
SON
Q1 26
$39.4M
$68.0M
Q4 25
$23.9M
$332.2M
Q3 25
$19.4M
$122.9M
Q2 25
$41.9M
$493.4M
Q1 25
$29.8M
$54.4M
Q4 24
$46.2M
Q3 24
$50.0M
$50.9M
Q2 24
$52.6M
$90.8M
Gross Margin
LSTR
LSTR
SON
SON
Q1 26
9.6%
20.6%
Q4 25
19.6%
Q3 25
21.9%
Q2 25
21.3%
Q1 25
20.7%
Q4 24
Q3 24
21.4%
Q2 24
22.0%
Operating Margin
LSTR
LSTR
SON
SON
Q1 26
4.5%
7.6%
Q4 25
2.5%
29.4%
Q3 25
2.2%
9.1%
Q2 25
4.6%
9.2%
Q1 25
3.4%
7.4%
Q4 24
4.8%
Q3 24
5.2%
7.6%
Q2 24
5.6%
8.6%
Net Margin
LSTR
LSTR
SON
SON
Q1 26
3.4%
4.1%
Q4 25
2.0%
18.8%
Q3 25
1.6%
5.8%
Q2 25
3.5%
25.8%
Q1 25
2.6%
3.2%
Q4 24
3.8%
Q3 24
4.1%
3.0%
Q2 24
4.3%
5.6%
EPS (diluted)
LSTR
LSTR
SON
SON
Q1 26
$1.16
$0.68
Q4 25
$0.70
$3.33
Q3 25
$0.56
$1.23
Q2 25
$1.20
$4.96
Q1 25
$0.85
$0.55
Q4 24
$1.30
Q3 24
$1.41
$0.51
Q2 24
$1.48
$0.92

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSTR
LSTR
SON
SON
Cash + ST InvestmentsLiquidity on hand
$411.0M
$224.5M
Total DebtLower is stronger
$26.1M
$3.5B
Stockholders' EquityBook value
$799.0M
$3.6B
Total Assets
$1.6B
$11.1B
Debt / EquityLower = less leverage
0.03×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTR
LSTR
SON
SON
Q1 26
$411.0M
$224.5M
Q4 25
$452.2M
$378.4M
Q3 25
$434.4M
$244.9M
Q2 25
$426.2M
$329.8M
Q1 25
$473.4M
$181.8M
Q4 24
$566.6M
Q3 24
$531.3M
$1.9B
Q2 24
$504.0M
$140.2M
Total Debt
LSTR
LSTR
SON
SON
Q1 26
$26.1M
$3.5B
Q4 25
$0
$3.8B
Q3 25
$0
$3.8B
Q2 25
$0
$5.0B
Q1 25
$0
$5.0B
Q4 24
$0
Q3 24
$0
$4.3B
Q2 24
$0
$2.5B
Stockholders' Equity
LSTR
LSTR
SON
SON
Q1 26
$799.0M
$3.6B
Q4 25
$795.7M
$3.6B
Q3 25
$888.7M
$3.3B
Q2 25
$921.8M
$3.2B
Q1 25
$930.8M
$2.4B
Q4 24
$972.4M
Q3 24
$1.0B
$2.5B
Q2 24
$1.0B
$2.4B
Total Assets
LSTR
LSTR
SON
SON
Q1 26
$1.6B
$11.1B
Q4 25
$1.6B
$11.2B
Q3 25
$1.7B
$11.7B
Q2 25
$1.7B
$12.0B
Q1 25
$1.7B
$12.7B
Q4 24
$1.8B
Q3 24
$1.8B
$9.0B
Q2 24
$1.8B
$7.2B
Debt / Equity
LSTR
LSTR
SON
SON
Q1 26
0.03×
0.97×
Q4 25
0.00×
1.05×
Q3 25
0.00×
1.15×
Q2 25
0.00×
1.54×
Q1 25
0.00×
2.03×
Q4 24
0.00×
Q3 24
0.00×
1.74×
Q2 24
0.00×
1.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSTR
LSTR
SON
SON
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-428.3B
FCF MarginFCF / Revenue
-25547.4%
Capex IntensityCapex / Revenue
3600.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-427.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSTR
LSTR
SON
SON
Q1 26
Q4 25
$72.7M
$412.9M
Q3 25
$89.3M
$291.5M
Q2 25
$7.1M
$193.4M
Q1 25
$55.7M
$-208.1M
Q4 24
$61.1M
Q3 24
$83.1M
$162.1M
Q2 24
$48.1M
$109.3M
Free Cash Flow
LSTR
LSTR
SON
SON
Q1 26
$-428.3B
Q4 25
$70.5M
$322.3M
Q3 25
$86.0M
$225.6M
Q2 25
$4.7M
$98.6M
Q1 25
$53.8M
$-300.8M
Q4 24
$54.4M
Q3 24
$75.6M
$70.5M
Q2 24
$40.6M
$16.0M
FCF Margin
LSTR
LSTR
SON
SON
Q1 26
-25547.4%
Q4 25
6.0%
18.2%
Q3 25
7.1%
10.6%
Q2 25
0.4%
5.2%
Q1 25
4.7%
-17.6%
Q4 24
4.5%
Q3 24
6.2%
4.2%
Q2 24
3.3%
1.0%
Capex Intensity
LSTR
LSTR
SON
SON
Q1 26
3600.5%
Q4 25
0.2%
5.1%
Q3 25
0.3%
3.1%
Q2 25
0.2%
5.0%
Q1 25
0.2%
5.4%
Q4 24
0.6%
Q3 24
0.6%
5.5%
Q2 24
0.6%
5.7%
Cash Conversion
LSTR
LSTR
SON
SON
Q1 26
Q4 25
3.04×
1.24×
Q3 25
4.61×
2.37×
Q2 25
0.17×
0.39×
Q1 25
1.87×
-3.82×
Q4 24
1.32×
Q3 24
1.66×
3.18×
Q2 24
0.91×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LSTR
LSTR

Segment breakdown not available.

SON
SON

Consumer Packaging$1.1B65%
Industrial Paper Packaging$587.5M35%
All Other$55.1M3%

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