vs

Side-by-side financial comparison of LANDSTAR SYSTEM INC (LSTR) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.

LANDSTAR SYSTEM INC is the larger business by last-quarter revenue ($1.2B vs $891.0M, roughly 1.3× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 3.4%, a 26.2% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 1.6%). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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, ...

Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.

LSTR vs ZION — Head-to-Head

Bigger by revenue
LSTR
LSTR
1.3× larger
LSTR
$1.2B
$891.0M
ZION
Growing faster (revenue YoY)
ZION
ZION
+7.0% gap
ZION
8.7%
1.6%
LSTR
Higher net margin
ZION
ZION
26.2% more per $
ZION
29.5%
3.4%
LSTR
Faster 2-yr revenue CAGR
ZION
ZION
Annualised
ZION
9.6%
-2.2%
LSTR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LSTR
LSTR
ZION
ZION
Revenue
$1.2B
$891.0M
Net Profit
$39.4M
$263.0M
Gross Margin
9.6%
Operating Margin
4.5%
Net Margin
3.4%
29.5%
Revenue YoY
1.6%
8.7%
Net Profit YoY
32.3%
21.8%
EPS (diluted)
$1.16
$1.77

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
ZION
ZION
Q1 26
$1.2B
Q4 25
$1.2B
$891.0M
Q3 25
$1.2B
$861.0M
Q2 25
$1.2B
$838.0M
Q1 25
$1.2B
$795.0M
Q4 24
$1.2B
$820.0M
Q3 24
$1.2B
$792.0M
Q2 24
$1.2B
$777.0M
Net Profit
LSTR
LSTR
ZION
ZION
Q1 26
$39.4M
Q4 25
$23.9M
$263.0M
Q3 25
$19.4M
$222.0M
Q2 25
$41.9M
$244.0M
Q1 25
$29.8M
$170.0M
Q4 24
$46.2M
$216.0M
Q3 24
$50.0M
$214.0M
Q2 24
$52.6M
$201.0M
Gross Margin
LSTR
LSTR
ZION
ZION
Q1 26
9.6%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
LSTR
LSTR
ZION
ZION
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%
Net Margin
LSTR
LSTR
ZION
ZION
Q1 26
3.4%
Q4 25
2.0%
29.5%
Q3 25
1.6%
25.8%
Q2 25
3.5%
29.1%
Q1 25
2.6%
21.4%
Q4 24
3.8%
26.3%
Q3 24
4.1%
27.0%
Q2 24
4.3%
25.9%
EPS (diluted)
LSTR
LSTR
ZION
ZION
Q1 26
$1.16
Q4 25
$0.70
$1.77
Q3 25
$0.56
$1.48
Q2 25
$1.20
$1.63
Q1 25
$0.85
$1.13
Q4 24
$1.30
$1.34
Q3 24
$1.41
$1.37
Q2 24
$1.48
$1.28

Balance Sheet & Financial Strength

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

Metric
LSTR
LSTR
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$411.0M
Total DebtLower is stronger
$26.1M
$1.5B
Stockholders' EquityBook value
$799.0M
$7.2B
Total Assets
$1.6B
$89.0B
Debt / EquityLower = less leverage
0.03×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSTR
LSTR
ZION
ZION
Q1 26
$411.0M
Q4 25
$452.2M
Q3 25
$434.4M
Q2 25
$426.2M
Q1 25
$473.4M
Q4 24
$566.6M
Q3 24
$531.3M
Q2 24
$504.0M
Total Debt
LSTR
LSTR
ZION
ZION
Q1 26
$26.1M
Q4 25
$0
$1.5B
Q3 25
$0
$1.5B
Q2 25
$0
$970.0M
Q1 25
$0
$964.0M
Q4 24
$0
$950.0M
Q3 24
$0
$548.0M
Q2 24
$0
$546.0M
Stockholders' Equity
LSTR
LSTR
ZION
ZION
Q1 26
$799.0M
Q4 25
$795.7M
$7.2B
Q3 25
$888.7M
$6.9B
Q2 25
$921.8M
$6.6B
Q1 25
$930.8M
$6.3B
Q4 24
$972.4M
$6.1B
Q3 24
$1.0B
$6.4B
Q2 24
$1.0B
$6.0B
Total Assets
LSTR
LSTR
ZION
ZION
Q1 26
$1.6B
Q4 25
$1.6B
$89.0B
Q3 25
$1.7B
$88.5B
Q2 25
$1.7B
$88.9B
Q1 25
$1.7B
$88.0B
Q4 24
$1.8B
$88.8B
Q3 24
$1.8B
$87.0B
Q2 24
$1.8B
$87.6B
Debt / Equity
LSTR
LSTR
ZION
ZION
Q1 26
0.03×
Q4 25
0.00×
0.21×
Q3 25
0.00×
0.21×
Q2 25
0.00×
0.15×
Q1 25
0.00×
0.15×
Q4 24
0.00×
0.16×
Q3 24
0.00×
0.09×
Q2 24
0.00×
0.09×

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
ZION
ZION
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSTR
LSTR
ZION
ZION
Q1 26
Q4 25
$72.7M
$1.1B
Q3 25
$89.3M
$438.0M
Q2 25
$7.1M
$-62.0M
Q1 25
$55.7M
$179.0M
Q4 24
$61.1M
$1.1B
Q3 24
$83.1M
$119.0M
Q2 24
$48.1M
$251.0M
Free Cash Flow
LSTR
LSTR
ZION
ZION
Q1 26
Q4 25
$70.5M
$952.0M
Q3 25
$86.0M
$413.0M
Q2 25
$4.7M
$-93.0M
Q1 25
$53.8M
$152.0M
Q4 24
$54.4M
$1.1B
Q3 24
$75.6M
$97.0M
Q2 24
$40.6M
$234.0M
FCF Margin
LSTR
LSTR
ZION
ZION
Q1 26
Q4 25
6.0%
106.8%
Q3 25
7.1%
48.0%
Q2 25
0.4%
-11.1%
Q1 25
4.7%
19.1%
Q4 24
4.5%
128.2%
Q3 24
6.2%
12.2%
Q2 24
3.3%
30.1%
Capex Intensity
LSTR
LSTR
ZION
ZION
Q1 26
Q4 25
0.2%
13.6%
Q3 25
0.3%
2.9%
Q2 25
0.2%
3.7%
Q1 25
0.2%
3.4%
Q4 24
0.6%
11.8%
Q3 24
0.6%
2.8%
Q2 24
0.6%
2.2%
Cash Conversion
LSTR
LSTR
ZION
ZION
Q1 26
Q4 25
3.04×
4.08×
Q3 25
4.61×
1.97×
Q2 25
0.17×
-0.25×
Q1 25
1.87×
1.05×
Q4 24
1.32×
5.31×
Q3 24
1.66×
0.56×
Q2 24
0.91×
1.25×

Financial Flow Comparison

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

Related Comparisons