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ARCBEST CORP（ARCB）与LANDSTAR SYSTEM INC（LSTR）财务数据对比。点击上方公司名可切换其他公司
LANDSTAR SYSTEM INC的季度营收约是ARCBEST CORP的1.2倍（$1.2B vs $972.7M）。LANDSTAR SYSTEM INC净利率更高（2.0% vs -0.8%，领先2.9%）。LANDSTAR SYSTEM INC同比增速更快（-2.9% vs -2.9%）。LANDSTAR SYSTEM INC自由现金流更多（$70.5M vs $36.9M）。过去两年LANDSTAR SYSTEM INC的营收复合增速更高（0.1% vs -3.1%）
ArcBest是美国头部物流与运输解决方案提供商，提供零担货运、整车运输、仓储、加急配送及定制化物流咨询等全链路供应链服务，覆盖北美及全球部分市场，服务对象包含企业、小型商家及公共部门客户。
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
ARCB vs LSTR — 直观对比
营收规模更大
LSTR
是对方的1.2倍
$972.7M
营收增速更快
LSTR
高出0.0%
-2.9%
净利率更高
LSTR
高出2.9%
-0.8%
自由现金流更多
LSTR
多$33.6M
$36.9M
两年增速更快
LSTR
近两年复合增速
-3.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $972.7M | $1.2B |
| 净利润 | $-8.1M | $23.9M |
| 毛利率 | — | — |
| 营业利润率 | -0.8% | 2.5% |
| 净利率 | -0.8% | 2.0% |
| 营收同比 | -2.9% | -2.9% |
| 净利润同比 | -128.0% | -48.2% |
| 每股收益（稀释后） | $-0.35 | $0.70 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARCBLSTR
| Q4 25 | $972.7M | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $967.1M | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
净利润ARCBLSTR
| Q4 25 | $-8.1M | $23.9M | ||
| Q3 25 | $39.3M | $19.4M | ||
| Q2 25 | $25.8M | $41.9M | ||
| Q1 25 | $3.1M | $29.8M | ||
| Q4 24 | $29.0M | $46.2M | ||
| Q3 24 | $100.3M | $50.0M | ||
| Q2 24 | $46.9M | $52.6M | ||
| Q1 24 | $-2.3M | $47.1M |
营业利润率ARCBLSTR
| Q4 25 | -0.8% | 2.5% | ||
| Q3 25 | 5.2% | 2.2% | ||
| Q2 25 | 3.6% | 4.6% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 3.8% | 4.8% | ||
| Q3 24 | 12.7% | 5.2% | ||
| Q2 24 | 4.5% | 5.6% | ||
| Q1 24 | 2.2% | 5.1% |
净利率ARCBLSTR
| Q4 25 | -0.8% | 2.0% | ||
| Q3 25 | 3.7% | 1.6% | ||
| Q2 25 | 2.5% | 3.5% | ||
| Q1 25 | 0.3% | 2.6% | ||
| Q4 24 | 2.9% | 3.8% | ||
| Q3 24 | 9.4% | 4.1% | ||
| Q2 24 | 4.4% | 4.3% | ||
| Q1 24 | -0.2% | 4.0% |
每股收益（稀释后）ARCBLSTR
| Q4 25 | $-0.35 | $0.70 | ||
| Q3 25 | $1.72 | $0.56 | ||
| Q2 25 | $1.12 | $1.20 | ||
| Q1 25 | $0.13 | $0.85 | ||
| Q4 24 | $1.21 | $1.30 | ||
| Q3 24 | $4.23 | $1.41 | ||
| Q2 24 | $1.96 | $1.48 | ||
| Q1 24 | $-0.10 | $1.32 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.2M | $452.2M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $1.3B | $795.7M |
| 总资产 | $2.5B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ARCBLSTR
| Q4 25 | $124.2M | $452.2M | ||
| Q3 25 | $132.6M | $434.4M | ||
| Q2 25 | $139.7M | $426.2M | ||
| Q1 25 | $98.7M | $473.4M | ||
| Q4 24 | $157.2M | $566.6M | ||
| Q3 24 | $191.1M | $531.3M | ||
| Q2 24 | $260.5M | $504.0M | ||
| Q1 24 | $240.9M | $530.5M |
总债务ARCBLSTR
| Q4 25 | — | $0 | ||
| Q3 25 | $214.1M | $0 | ||
| Q2 25 | $241.4M | $0 | ||
| Q1 25 | $214.2M | $0 | ||
| Q4 24 | $189.1M | $0 | ||
| Q3 24 | $180.5M | $0 | ||
| Q2 24 | $203.6M | $0 | ||
| Q1 24 | $212.2M | $0 |
股东权益ARCBLSTR
| Q4 25 | $1.3B | $795.7M | ||
| Q3 25 | $1.3B | $888.7M | ||
| Q2 25 | $1.3B | $921.8M | ||
| Q1 25 | $1.3B | $930.8M | ||
| Q4 24 | $1.3B | $972.4M | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $1.0B | ||
| Q1 24 | $1.2B | $1.0B |
总资产ARCBLSTR
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.4B | $1.7B |
负债/权益比ARCBLSTR
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.16× | 0.00× | ||
| Q2 25 | 0.19× | 0.00× | ||
| Q1 25 | 0.17× | 0.00× | ||
| Q4 24 | 0.14× | 0.00× | ||
| Q3 24 | 0.14× | 0.00× | ||
| Q2 24 | 0.17× | 0.00× | ||
| Q1 24 | 0.17× | 0.00× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $44.7M | $72.7M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $70.5M |
| 自由现金流率自由现金流/营收 | 3.8% | 6.0% |
| 资本支出强度资本支出/营收 | 0.8% | 0.2% |
| 现金转化率经营现金流/净利润 | — | 3.04× |
| 过去12个月自由现金流最近4个季度 | $114.2M | $215.0M |
8季度趋势，按日历期对齐
经营现金流ARCBLSTR
| Q4 25 | $44.7M | $72.7M | ||
| Q3 25 | $98.2M | $89.3M | ||
| Q2 25 | $108.4M | $7.1M | ||
| Q1 25 | $-22.3M | $55.7M | ||
| Q4 24 | $56.8M | $61.1M | ||
| Q3 24 | $88.8M | $83.1M | ||
| Q2 24 | $133.7M | $48.1M | ||
| Q1 24 | $6.5M | $94.2M |
自由现金流ARCBLSTR
| Q4 25 | $36.9M | $70.5M | ||
| Q3 25 | $33.2M | $86.0M | ||
| Q2 25 | $80.9M | $4.7M | ||
| Q1 25 | $-36.8M | $53.8M | ||
| Q4 24 | $3.5M | $54.4M | ||
| Q3 24 | $23.9M | $75.6M | ||
| Q2 24 | $83.9M | $40.6M | ||
| Q1 24 | $-48.6M | $84.9M |
自由现金流率ARCBLSTR
| Q4 25 | 3.8% | 6.0% | ||
| Q3 25 | 3.2% | 7.1% | ||
| Q2 25 | 7.9% | 0.4% | ||
| Q1 25 | -3.8% | 4.7% | ||
| Q4 24 | 0.4% | 4.5% | ||
| Q3 24 | 2.2% | 6.2% | ||
| Q2 24 | 7.8% | 3.3% | ||
| Q1 24 | -4.7% | 7.3% |
资本支出强度ARCBLSTR
| Q4 25 | 0.8% | 0.2% | ||
| Q3 25 | 6.2% | 0.3% | ||
| Q2 25 | 2.7% | 0.2% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 5.3% | 0.6% | ||
| Q3 24 | 6.1% | 0.6% | ||
| Q2 24 | 4.6% | 0.6% | ||
| Q1 24 | 5.3% | 0.8% |
现金转化率ARCBLSTR
| Q4 25 | — | 3.04× | ||
| Q3 25 | 2.50× | 4.61× | ||
| Q2 25 | 4.20× | 0.17× | ||
| Q1 25 | -7.13× | 1.87× | ||
| Q4 24 | 1.96× | 1.32× | ||
| Q3 24 | 0.89× | 1.66× | ||
| Q2 24 | 2.85× | 0.91× | ||
| Q1 24 | — | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARCB
| Asset Based Segment | $648.8M | 67% |
| Asset Light Segment | $353.5M | 36% |
LSTR
| Transportation Logistics | $1.2B | 99% |
| Insurance | $14.6M | 1% |
