vs
Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $625.1M, roughly 1.9× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 3.4%, a 10.0% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 1.6%). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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, ...
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
LSTR vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $625.1M |
| Net Profit | $39.4M | $83.7M |
| Gross Margin | 9.6% | 49.5% |
| Operating Margin | 4.5% | 18.2% |
| Net Margin | 3.4% | 13.4% |
| Revenue YoY | 1.6% | 15.7% |
| Net Profit YoY | 32.3% | 24.0% |
| EPS (diluted) | $1.16 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $1.2B | $611.7M | ||
| Q2 25 | $1.2B | $643.7M | ||
| Q1 25 | $1.2B | $558.0M | ||
| Q4 24 | $1.2B | $540.4M | ||
| Q3 24 | $1.2B | $543.6M | ||
| Q2 24 | $1.2B | $597.3M |
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $83.7M | ||
| Q3 25 | $19.4M | $82.2M | ||
| Q2 25 | $41.9M | $100.9M | ||
| Q1 25 | $29.8M | $74.0M | ||
| Q4 24 | $46.2M | $67.5M | ||
| Q3 24 | $50.0M | $69.1M | ||
| Q2 24 | $52.6M | $82.0M |
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 18.2% | ||
| Q3 25 | 2.2% | 18.2% | ||
| Q2 25 | 4.6% | 21.0% | ||
| Q1 25 | 3.4% | 15.7% | ||
| Q4 24 | 4.8% | 16.5% | ||
| Q3 24 | 5.2% | 17.1% | ||
| Q2 24 | 5.6% | 18.7% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 13.4% | ||
| Q3 25 | 1.6% | 13.4% | ||
| Q2 25 | 3.5% | 15.7% | ||
| Q1 25 | 2.6% | 13.3% | ||
| Q4 24 | 3.8% | 12.5% | ||
| Q3 24 | 4.1% | 12.7% | ||
| Q2 24 | 4.3% | 13.7% |
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $2.50 | ||
| Q3 25 | $0.56 | $2.45 | ||
| Q2 25 | $1.20 | $3.01 | ||
| Q1 25 | $0.85 | $2.21 | ||
| Q4 24 | $1.30 | $2.02 | ||
| Q3 24 | $1.41 | $2.06 | ||
| Q2 24 | $1.48 | $2.44 |
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 | $405.5M |
| Total DebtLower is stronger | $26.1M | — |
| Stockholders' EquityBook value | $799.0M | $2.0B |
| Total Assets | $1.6B | $2.9B |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $405.5M | ||
| Q3 25 | $434.4M | $457.7M | ||
| Q2 25 | $426.2M | $369.3M | ||
| Q1 25 | $473.4M | $336.8M | ||
| Q4 24 | $566.6M | $386.9M | ||
| Q3 24 | $531.3M | $303.9M | ||
| Q2 24 | $504.0M | $279.4M |
| 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 | $2.0B | ||
| Q2 25 | $921.8M | $1.9B | ||
| Q1 25 | $930.8M | $1.8B | ||
| Q4 24 | $972.4M | $1.7B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $1.6B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B |
| 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 | — | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $154.7M | ||
| Q3 25 | $89.3M | $122.4M | ||
| Q2 25 | $7.1M | $69.7M | ||
| Q1 25 | $55.7M | $55.2M | ||
| Q4 24 | $61.1M | $139.5M | ||
| Q3 24 | $83.1M | $90.7M | ||
| Q2 24 | $48.1M | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $140.3M | ||
| Q3 25 | $86.0M | $110.9M | ||
| Q2 25 | $4.7M | $59.5M | ||
| Q1 25 | $53.8M | $45.6M | ||
| Q4 24 | $54.4M | $127.5M | ||
| Q3 24 | $75.6M | $84.3M | ||
| Q2 24 | $40.6M | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 22.4% | ||
| Q3 25 | 7.1% | 18.1% | ||
| Q2 25 | 0.4% | 9.2% | ||
| Q1 25 | 4.7% | 8.2% | ||
| Q4 24 | 4.5% | 23.6% | ||
| Q3 24 | 6.2% | 15.5% | ||
| Q2 24 | 3.3% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.3% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.2% | 1.6% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.6% | 2.2% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 0.6% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.85× | ||
| Q3 25 | 4.61× | 1.49× | ||
| Q2 25 | 0.17× | 0.69× | ||
| Q1 25 | 1.87× | 0.75× | ||
| Q4 24 | 1.32× | 2.07× | ||
| Q3 24 | 1.66× | 1.31× | ||
| Q2 24 | 0.91× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
