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

LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 3.4%, a 52.6% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% 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, ...

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

LSTR vs VEON — Head-to-Head

Bigger by revenue
LSTR
LSTR
1.1× larger
LSTR
$1.2B
$1.1B
VEON
Growing faster (revenue YoY)
VEON
VEON
+4.2% gap
VEON
5.8%
1.6%
LSTR
Higher net margin
VEON
VEON
52.6% more per $
VEON
55.9%
3.4%
LSTR

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
LSTR
LSTR
VEON
VEON
Revenue
$1.2B
$1.1B
Net Profit
$39.4M
$608.0M
Gross Margin
9.6%
Operating Margin
4.5%
75.4%
Net Margin
3.4%
55.9%
Revenue YoY
1.6%
5.8%
Net Profit YoY
32.3%
583.1%
EPS (diluted)
$1.16
$0.34

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
VEON
VEON
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$1.0B
Net Profit
LSTR
LSTR
VEON
VEON
Q1 26
$39.4M
Q4 25
$23.9M
Q3 25
$19.4M
Q2 25
$41.9M
$608.0M
Q1 25
$29.8M
Q4 24
$46.2M
Q3 24
$50.0M
Q2 24
$52.6M
$89.0M
Gross Margin
LSTR
LSTR
VEON
VEON
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
LSTR
LSTR
VEON
VEON
Q1 26
4.5%
Q4 25
2.5%
Q3 25
2.2%
Q2 25
4.6%
75.4%
Q1 25
3.4%
Q4 24
4.8%
Q3 24
5.2%
Q2 24
5.6%
27.1%
Net Margin
LSTR
LSTR
VEON
VEON
Q1 26
3.4%
Q4 25
2.0%
Q3 25
1.6%
Q2 25
3.5%
55.9%
Q1 25
2.6%
Q4 24
3.8%
Q3 24
4.1%
Q2 24
4.3%
8.7%
EPS (diluted)
LSTR
LSTR
VEON
VEON
Q1 26
$1.16
Q4 25
$0.70
Q3 25
$0.56
Q2 25
$1.20
$0.34
Q1 25
$0.85
Q4 24
$1.30
Q3 24
$1.41
Q2 24
$1.48
$0.04

Balance Sheet & Financial Strength

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

Metric
LSTR
LSTR
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$411.0M
$1.3B
Total DebtLower is stronger
$26.1M
Stockholders' EquityBook value
$799.0M
$1.5B
Total Assets
$1.6B
$8.5B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTR
LSTR
VEON
VEON
Q1 26
$411.0M
Q4 25
$452.2M
Q3 25
$434.4M
Q2 25
$426.2M
$1.3B
Q1 25
$473.4M
Q4 24
$566.6M
Q3 24
$531.3M
Q2 24
$504.0M
$862.0M
Total Debt
LSTR
LSTR
VEON
VEON
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
VEON
VEON
Q1 26
$799.0M
Q4 25
$795.7M
Q3 25
$888.7M
Q2 25
$921.8M
$1.5B
Q1 25
$930.8M
Q4 24
$972.4M
Q3 24
$1.0B
Q2 24
$1.0B
$1.1B
Total Assets
LSTR
LSTR
VEON
VEON
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.7B
$8.5B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
$7.3B
Debt / Equity
LSTR
LSTR
VEON
VEON
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×

Financial Flow Comparison

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

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