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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and THOMSON REUTERS CORP (TRI). Click either name above to swap in a different company.

THOMSON REUTERS CORP is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× LANDSTAR SYSTEM INC). THOMSON REUTERS CORP runs the higher net margin — 17.5% vs 3.4%, a 14.2% gap on every dollar of revenue. On growth, THOMSON REUTERS CORP posted the faster year-over-year revenue change (2.6% vs 1.6%).

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, ...

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, New...

LSTR vs TRI — Head-to-Head

Bigger by revenue
TRI
TRI
1.5× larger
TRI
$1.8B
$1.2B
LSTR
Growing faster (revenue YoY)
TRI
TRI
+1.0% gap
TRI
2.6%
1.6%
LSTR
Higher net margin
TRI
TRI
14.2% more per $
TRI
17.5%
3.4%
LSTR

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
LSTR
LSTR
TRI
TRI
Revenue
$1.2B
$1.8B
Net Profit
$39.4M
$313.0M
Gross Margin
9.6%
Operating Margin
4.5%
24.4%
Net Margin
3.4%
17.5%
Revenue YoY
1.6%
2.6%
Net Profit YoY
32.3%
-62.8%
EPS (diluted)
$1.16
$0.69

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
TRI
TRI
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$1.8B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$1.7B
Net Profit
LSTR
LSTR
TRI
TRI
Q1 26
$39.4M
Q4 25
$23.9M
Q3 25
$19.4M
Q2 25
$41.9M
$313.0M
Q1 25
$29.8M
Q4 24
$46.2M
Q3 24
$50.0M
Q2 24
$52.6M
$841.0M
Gross Margin
LSTR
LSTR
TRI
TRI
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
LSTR
LSTR
TRI
TRI
Q1 26
4.5%
Q4 25
2.5%
Q3 25
2.2%
Q2 25
4.6%
24.4%
Q1 25
3.4%
Q4 24
4.8%
Q3 24
5.2%
Q2 24
5.6%
23.9%
Net Margin
LSTR
LSTR
TRI
TRI
Q1 26
3.4%
Q4 25
2.0%
Q3 25
1.6%
Q2 25
3.5%
17.5%
Q1 25
2.6%
Q4 24
3.8%
Q3 24
4.1%
Q2 24
4.3%
48.3%
EPS (diluted)
LSTR
LSTR
TRI
TRI
Q1 26
$1.16
Q4 25
$0.70
Q3 25
$0.56
Q2 25
$1.20
$0.69
Q1 25
$0.85
Q4 24
$1.30
Q3 24
$1.41
Q2 24
$1.48
$1.86

Balance Sheet & Financial Strength

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

Metric
LSTR
LSTR
TRI
TRI
Cash + ST InvestmentsLiquidity on hand
$411.0M
$664.0M
Total DebtLower is stronger
$26.1M
Stockholders' EquityBook value
$799.0M
$12.6B
Total Assets
$1.6B
$18.0B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTR
LSTR
TRI
TRI
Q1 26
$411.0M
Q4 25
$452.2M
Q3 25
$434.4M
Q2 25
$426.2M
$664.0M
Q1 25
$473.4M
Q4 24
$566.6M
Q3 24
$531.3M
Q2 24
$504.0M
$1.7B
Total Debt
LSTR
LSTR
TRI
TRI
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
Stockholders' Equity
LSTR
LSTR
TRI
TRI
Q1 26
$799.0M
Q4 25
$795.7M
Q3 25
$888.7M
Q2 25
$921.8M
$12.6B
Q1 25
$930.8M
Q4 24
$972.4M
Q3 24
$1.0B
Q2 24
$1.0B
$11.6B
Total Assets
LSTR
LSTR
TRI
TRI
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.7B
$18.0B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
$18.4B
Debt / Equity
LSTR
LSTR
TRI
TRI
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
LSTR
LSTR
TRI
TRI
Operating Cash FlowLast quarter
$746.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSTR
LSTR
TRI
TRI
Q1 26
Q4 25
$72.7M
Q3 25
$89.3M
Q2 25
$7.1M
$746.0M
Q1 25
$55.7M
Q4 24
$61.1M
Q3 24
$83.1M
Q2 24
$48.1M
$705.0M
Free Cash Flow
LSTR
LSTR
TRI
TRI
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
FCF Margin
LSTR
LSTR
TRI
TRI
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%
Capex Intensity
LSTR
LSTR
TRI
TRI
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%
Cash Conversion
LSTR
LSTR
TRI
TRI
Q1 26
Q4 25
3.04×
Q3 25
4.61×
Q2 25
0.17×
2.38×
Q1 25
1.87×
Q4 24
1.32×
Q3 24
1.66×
Q2 24
0.91×
0.84×

Financial Flow Comparison

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

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