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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $846.8M, roughly 1.4× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 3.4%, a 18.7% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 1.6%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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, ...
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
LSTR vs TTD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $846.8M |
| Net Profit | $39.4M | $186.9M |
| Gross Margin | 9.6% | 80.7% |
| Operating Margin | 4.5% | 30.3% |
| Net Margin | 3.4% | 22.1% |
| Revenue YoY | 1.6% | 14.3% |
| Net Profit YoY | 32.3% | 2.6% |
| EPS (diluted) | $1.16 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $1.2B | $739.4M | ||
| Q2 25 | $1.2B | $694.0M | ||
| Q1 25 | $1.2B | $616.0M | ||
| Q4 24 | $1.2B | $741.0M | ||
| Q3 24 | $1.2B | $628.0M | ||
| Q2 24 | $1.2B | $584.5M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $186.9M | ||
| Q3 25 | $19.4M | $115.5M | ||
| Q2 25 | $41.9M | $90.1M | ||
| Q1 25 | $29.8M | $50.7M | ||
| Q4 24 | $46.2M | $182.2M | ||
| Q3 24 | $50.0M | $94.2M | ||
| Q2 24 | $52.6M | $85.0M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 30.3% | ||
| Q3 25 | 2.2% | 21.8% | ||
| Q2 25 | 4.6% | 16.8% | ||
| Q1 25 | 3.4% | 8.8% | ||
| Q4 24 | 4.8% | 26.4% | ||
| Q3 24 | 5.2% | 17.3% | ||
| Q2 24 | 5.6% | 16.2% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 22.1% | ||
| Q3 25 | 1.6% | 15.6% | ||
| Q2 25 | 3.5% | 13.0% | ||
| Q1 25 | 2.6% | 8.2% | ||
| Q4 24 | 3.8% | 24.6% | ||
| Q3 24 | 4.1% | 15.0% | ||
| Q2 24 | 4.3% | 14.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.39 | ||
| Q3 25 | $0.56 | $0.23 | ||
| Q2 25 | $1.20 | $0.18 | ||
| Q1 25 | $0.85 | $0.10 | ||
| Q4 24 | $1.30 | $0.36 | ||
| Q3 24 | $1.41 | $0.19 | ||
| Q2 24 | $1.48 | $0.17 |
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 | $1.3B |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $2.5B |
| Total Assets | $1.6B | $6.2B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $1.3B | ||
| Q3 25 | $434.4M | $1.4B | ||
| Q2 25 | $426.2M | $1.7B | ||
| Q1 25 | $473.4M | $1.7B | ||
| Q4 24 | $566.6M | $1.9B | ||
| Q3 24 | $531.3M | $1.7B | ||
| Q2 24 | $504.0M | $1.5B |
| 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 | $2.5B | ||
| Q3 25 | $888.7M | $2.6B | ||
| Q2 25 | $921.8M | $2.7B | ||
| Q1 25 | $930.8M | $2.7B | ||
| Q4 24 | $972.4M | $2.9B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $1.0B | $2.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $6.2B | ||
| Q3 25 | $1.7B | $5.9B | ||
| Q2 25 | $1.7B | $6.0B | ||
| Q1 25 | $1.7B | $5.7B | ||
| Q4 24 | $1.8B | $6.1B | ||
| Q3 24 | $1.8B | $5.5B | ||
| Q2 24 | $1.8B | $5.2B |
| 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 | — | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $311.6M | ||
| Q3 25 | $89.3M | $224.7M | ||
| Q2 25 | $7.1M | $165.0M | ||
| Q1 25 | $55.7M | $291.4M | ||
| Q4 24 | $61.1M | $199.4M | ||
| Q3 24 | $83.1M | $273.3M | ||
| Q2 24 | $48.1M | $81.3M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $285.3M | ||
| Q3 25 | $86.0M | $158.3M | ||
| Q2 25 | $4.7M | $119.8M | ||
| Q1 25 | $53.8M | $232.3M | ||
| Q4 24 | $54.4M | $179.2M | ||
| Q3 24 | $75.6M | $224.6M | ||
| Q2 24 | $40.6M | $59.1M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 33.7% | ||
| Q3 25 | 7.1% | 21.4% | ||
| Q2 25 | 0.4% | 17.3% | ||
| Q1 25 | 4.7% | 37.7% | ||
| Q4 24 | 4.5% | 24.2% | ||
| Q3 24 | 6.2% | 35.8% | ||
| Q2 24 | 3.3% | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.1% | ||
| Q3 25 | 0.3% | 9.0% | ||
| Q2 25 | 0.2% | 6.5% | ||
| Q1 25 | 0.2% | 9.6% | ||
| Q4 24 | 0.6% | 2.7% | ||
| Q3 24 | 0.6% | 7.8% | ||
| Q2 24 | 0.6% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.67× | ||
| Q3 25 | 4.61× | 1.94× | ||
| Q2 25 | 0.17× | 1.83× | ||
| Q1 25 | 1.87× | 5.75× | ||
| Q4 24 | 1.32× | 1.09× | ||
| Q3 24 | 1.66× | 2.90× | ||
| Q2 24 | 0.91× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
