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Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.1× LANDSTAR SYSTEM INC). LANDSTAR SYSTEM INC runs the higher net margin — 3.4% vs -35.0%, a 38.4% gap on every dollar of revenue. On growth, LANDSTAR SYSTEM INC posted the faster year-over-year revenue change (1.6% vs -0.7%). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% 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, ...
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
LSTR vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $39.4M | $-431.0M |
| Gross Margin | 9.6% | — |
| Operating Margin | 4.5% | — |
| Net Margin | 3.4% | -35.0% |
| Revenue YoY | 1.6% | -0.7% |
| Net Profit YoY | 32.3% | -962.0% |
| EPS (diluted) | $1.16 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $-431.0M | ||
| Q3 25 | $19.4M | $-2.0M | ||
| Q2 25 | $41.9M | $69.0M | ||
| Q1 25 | $29.8M | $56.0M | ||
| Q4 24 | $46.2M | $50.0M | ||
| Q3 24 | $50.0M | $84.0M | ||
| Q2 24 | $52.6M | $37.0M |
| 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% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 5.6% | — |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | -35.0% | ||
| Q3 25 | 1.6% | -0.2% | ||
| Q2 25 | 3.5% | 6.0% | ||
| Q1 25 | 2.6% | 5.0% | ||
| Q4 24 | 3.8% | 4.0% | ||
| Q3 24 | 4.1% | 6.9% | ||
| Q2 24 | 4.3% | 3.5% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $-12.00 | ||
| Q3 25 | $0.56 | $-0.07 | ||
| Q2 25 | $1.20 | $1.77 | ||
| Q1 25 | $0.85 | $1.46 | ||
| Q4 24 | $1.30 | $1.29 | ||
| Q3 24 | $1.41 | $2.12 | ||
| Q2 24 | $1.48 | $0.98 |
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 | $406.0M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $2.0B |
| Total Assets | $1.6B | $9.8B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $406.0M | ||
| Q3 25 | $434.4M | $474.0M | ||
| Q2 25 | $426.2M | $205.0M | ||
| Q1 25 | $473.4M | $196.0M | ||
| Q4 24 | $566.6M | $197.0M | ||
| Q3 24 | $531.3M | $197.0M | ||
| Q2 24 | $504.0M | $206.0M |
| 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 | $2.0B | ||
| Q3 25 | $888.7M | $2.5B | ||
| Q2 25 | $921.8M | $2.5B | ||
| Q1 25 | $930.8M | $2.4B | ||
| Q4 24 | $972.4M | $2.4B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.0B | $2.4B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.8B | ||
| Q3 25 | $1.7B | $10.1B | ||
| Q2 25 | $1.7B | $9.9B | ||
| Q1 25 | $1.7B | $9.9B | ||
| Q4 24 | $1.8B | $9.8B | ||
| Q3 24 | $1.8B | $9.7B | ||
| Q2 24 | $1.8B | $9.6B |
| 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 | — | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $6.0M | ||
| Q3 25 | $89.3M | $62.0M | ||
| Q2 25 | $7.1M | $-48.0M | ||
| Q1 25 | $55.7M | $8.0M | ||
| Q4 24 | $61.1M | $100.0M | ||
| Q3 24 | $83.1M | $72.0M | ||
| Q2 24 | $48.1M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $-6.0M | ||
| Q3 25 | $86.0M | $51.0M | ||
| Q2 25 | $4.7M | $-68.0M | ||
| Q1 25 | $53.8M | $-6.0M | ||
| Q4 24 | $54.4M | $86.0M | ||
| Q3 24 | $75.6M | $58.0M | ||
| Q2 24 | $40.6M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | -0.5% | ||
| Q3 25 | 7.1% | 4.3% | ||
| Q2 25 | 0.4% | -5.9% | ||
| Q1 25 | 4.7% | -0.5% | ||
| Q4 24 | 4.5% | 6.9% | ||
| Q3 24 | 6.2% | 4.8% | ||
| Q2 24 | 3.3% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.0% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.2% | 1.7% | ||
| Q1 25 | 0.2% | 1.3% | ||
| Q4 24 | 0.6% | 1.1% | ||
| Q3 24 | 0.6% | 1.1% | ||
| Q2 24 | 0.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | — | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | -0.70× | ||
| Q1 25 | 1.87× | 0.14× | ||
| Q4 24 | 1.32× | 2.00× | ||
| Q3 24 | 1.66× | 0.86× | ||
| Q2 24 | 0.91× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSTR
Segment breakdown not available.
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
