vs
Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.4× LANDSTAR SYSTEM INC). Toast, Inc. runs the higher net margin — 6.2% vs 3.4%, a 2.8% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 1.6%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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, ...
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
LSTR vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $39.4M | $101.0M |
| Gross Margin | 9.6% | 25.9% |
| Operating Margin | 4.5% | 5.2% |
| Net Margin | 3.4% | 6.2% |
| Revenue YoY | 1.6% | 22.0% |
| Net Profit YoY | 32.3% | 215.6% |
| EPS (diluted) | $1.16 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $101.0M | ||
| Q3 25 | $19.4M | $105.0M | ||
| Q2 25 | $41.9M | $80.0M | ||
| Q1 25 | $29.8M | $56.0M | ||
| Q4 24 | $46.2M | $32.0M | ||
| Q3 24 | $50.0M | $56.0M | ||
| Q2 24 | $52.6M | $14.0M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 5.2% | ||
| Q3 25 | 2.2% | 5.1% | ||
| Q2 25 | 4.6% | 5.2% | ||
| Q1 25 | 3.4% | 3.2% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | 5.2% | 2.6% | ||
| Q2 24 | 5.6% | 0.4% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 6.2% | ||
| Q3 25 | 1.6% | 6.4% | ||
| Q2 25 | 3.5% | 5.2% | ||
| Q1 25 | 2.6% | 4.2% | ||
| Q4 24 | 3.8% | 2.4% | ||
| Q3 24 | 4.1% | 4.3% | ||
| Q2 24 | 4.3% | 1.1% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.18 | ||
| Q3 25 | $0.56 | $0.16 | ||
| Q2 25 | $1.20 | $0.13 | ||
| Q1 25 | $0.85 | $0.09 | ||
| Q4 24 | $1.30 | $0.09 | ||
| Q3 24 | $1.41 | $0.07 | ||
| Q2 24 | $1.48 | $0.02 |
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 | $1.4B |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $2.1B |
| Total Assets | $1.6B | $3.1B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $1.4B | ||
| Q3 25 | $434.4M | $1.4B | ||
| Q2 25 | $426.2M | $1.2B | ||
| Q1 25 | $473.4M | $1.0B | ||
| Q4 24 | $566.6M | $903.0M | ||
| Q3 24 | $531.3M | $761.0M | ||
| Q2 24 | $504.0M | $691.0M |
| 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 | $2.1B | ||
| Q3 25 | $888.7M | $2.0B | ||
| Q2 25 | $921.8M | $1.8B | ||
| Q1 25 | $930.8M | $1.7B | ||
| Q4 24 | $972.4M | $1.5B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.3B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.1B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.8B | $2.2B |
| 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 | — | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $194.0M | ||
| Q3 25 | $89.3M | $165.0M | ||
| Q2 25 | $7.1M | $223.0M | ||
| Q1 25 | $55.7M | $79.0M | ||
| Q4 24 | $61.1M | $147.0M | ||
| Q3 24 | $83.1M | $109.0M | ||
| Q2 24 | $48.1M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $178.0M | ||
| Q3 25 | $86.0M | $153.0M | ||
| Q2 25 | $4.7M | $208.0M | ||
| Q1 25 | $53.8M | $69.0M | ||
| Q4 24 | $54.4M | $134.0M | ||
| Q3 24 | $75.6M | $97.0M | ||
| Q2 24 | $40.6M | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 10.9% | ||
| Q3 25 | 7.1% | 9.4% | ||
| Q2 25 | 0.4% | 13.4% | ||
| Q1 25 | 4.7% | 5.2% | ||
| Q4 24 | 4.5% | 10.0% | ||
| Q3 24 | 6.2% | 7.4% | ||
| Q2 24 | 3.3% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.0% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.6% | 1.0% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.6% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.92× | ||
| Q3 25 | 4.61× | 1.57× | ||
| Q2 25 | 0.17× | 2.79× | ||
| Q1 25 | 1.87× | 1.41× | ||
| Q4 24 | 1.32× | 4.59× | ||
| Q3 24 | 1.66× | 1.95× | ||
| Q2 24 | 0.91× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
