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HEARTLAND EXPRESS INC（HTLD）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HEARTLAND EXPRESS INC的6.5倍（$1.2B vs $179.4M）。LANDSTAR SYSTEM INC净利率更高（2.0% vs -10.8%，领先12.9%）。LANDSTAR SYSTEM INC同比增速更快（-2.9% vs -26.1%）。LANDSTAR SYSTEM INC自由现金流更多（$70.5M vs $-44.2M）。过去两年LANDSTAR SYSTEM INC的营收复合增速更高（0.1% vs -18.5%）
哈特兰德快运是一家总部位于艾奥瓦州北利伯蒂的美国公路货运企业，核心业务为覆盖美国全境的整车公路运输服务，在北美干线货运领域拥有稳定的运营网络与行业经验。
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。
HTLD vs LSTR — 直观对比
营收规模更大
LSTR
是对方的6.5倍
$179.4M
营收增速更快
LSTR
高出23.2%
-26.1%
净利率更高
LSTR
高出12.9%
-10.8%
自由现金流更多
LSTR
多$114.7M
$-44.2M
两年增速更快
LSTR
近两年复合增速
-18.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $179.4M | $1.2B |
| 净利润 | $-19.4M | $23.9M |
| 毛利率 | — | — |
| 营业利润率 | -12.7% | 2.5% |
| 净利率 | -10.8% | 2.0% |
| 营收同比 | -26.1% | -2.9% |
| 净利润同比 | -949.2% | -48.2% |
| 每股收益（稀释后） | $-0.24 | $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HTLDLSTR
| Q4 25 | $179.4M | $1.2B | ||
| Q3 25 | $196.5M | $1.2B | ||
| Q2 25 | $210.4M | $1.2B | ||
| Q1 25 | $219.4M | $1.2B | ||
| Q4 24 | $242.6M | $1.2B | ||
| Q3 24 | $259.9M | $1.2B | ||
| Q2 24 | $274.8M | $1.2B | ||
| Q1 24 | $270.3M | $1.2B |
净利润HTLDLSTR
| Q4 25 | $-19.4M | $23.9M | ||
| Q3 25 | $-8.3M | $19.4M | ||
| Q2 25 | $-10.9M | $41.9M | ||
| Q1 25 | $-13.9M | $29.8M | ||
| Q4 24 | $-1.9M | $46.2M | ||
| Q3 24 | $-9.3M | $50.0M | ||
| Q2 24 | $-3.5M | $52.6M | ||
| Q1 24 | $-15.1M | $47.1M |
营业利润率HTLDLSTR
| Q4 25 | -12.7% | 2.5% | ||
| Q3 25 | -3.7% | 2.2% | ||
| Q2 25 | -5.9% | 4.6% | ||
| Q1 25 | -6.8% | 3.4% | ||
| Q4 24 | 0.4% | 4.8% | ||
| Q3 24 | -2.7% | 5.2% | ||
| Q2 24 | 0.1% | 5.6% | ||
| Q1 24 | -5.3% | 5.1% |
净利率HTLDLSTR
| Q4 25 | -10.8% | 2.0% | ||
| Q3 25 | -4.2% | 1.6% | ||
| Q2 25 | -5.2% | 3.5% | ||
| Q1 25 | -6.3% | 2.6% | ||
| Q4 24 | -0.8% | 3.8% | ||
| Q3 24 | -3.6% | 4.1% | ||
| Q2 24 | -1.3% | 4.3% | ||
| Q1 24 | -5.6% | 4.0% |
每股收益（稀释后）HTLDLSTR
| Q4 25 | $-0.24 | $0.70 | ||
| Q3 25 | $-0.11 | $0.56 | ||
| Q2 25 | $-0.14 | $1.20 | ||
| Q1 25 | $-0.18 | $0.85 | ||
| Q4 24 | $-0.03 | $1.30 | ||
| Q3 24 | $-0.12 | $1.41 | ||
| Q2 24 | $-0.04 | $1.48 | ||
| Q1 24 | $-0.19 | $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 | $18.5M | $452.2M |
| 总债务越低越好 | $154.1M | $0 |
| 股东权益账面价值 | $755.3M | $795.7M |
| 总资产 | $1.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资HTLDLSTR
| Q4 25 | $18.5M | $452.2M | ||
| Q3 25 | $32.7M | $434.4M | ||
| Q2 25 | $22.9M | $426.2M | ||
| Q1 25 | $23.9M | $473.4M | ||
| Q4 24 | $12.8M | $566.6M | ||
| Q3 24 | $30.7M | $531.3M | ||
| Q2 24 | $23.9M | $504.0M | ||
| Q1 24 | $23.8M | $530.5M |
总债务HTLDLSTR
| Q4 25 | $154.1M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $187.9M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益HTLDLSTR
| Q4 25 | $755.3M | $795.7M | ||
| Q3 25 | $775.6M | $888.7M | ||
| Q2 25 | $786.7M | $921.8M | ||
| Q1 25 | $807.7M | $930.8M | ||
| Q4 24 | $822.6M | $972.4M | ||
| Q3 24 | $825.7M | $1.0B | ||
| Q2 24 | $836.8M | $1.0B | ||
| Q1 24 | $848.8M | $1.0B |
总资产HTLDLSTR
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.5B | $1.7B |
负债/权益比HTLDLSTR
| Q4 25 | 0.20× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.23× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $14.9M | $72.7M |
| 自由现金流经营现金流 - 资本支出 | $-44.2M | $70.5M |
| 自由现金流率自由现金流/营收 | -24.6% | 6.0% |
| 资本支出强度资本支出/营收 | 33.0% | 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 | $-66.9M | $215.0M |
8季度趋势，按日历期对齐
经营现金流HTLDLSTR
| Q4 25 | $14.9M | $72.7M | ||
| Q3 25 | $27.5M | $89.3M | ||
| Q2 25 | $21.0M | $7.1M | ||
| Q1 25 | $25.8M | $55.7M | ||
| Q4 24 | $37.8M | $61.1M | ||
| Q3 24 | $35.6M | $83.1M | ||
| Q2 24 | $40.0M | $48.1M | ||
| Q1 24 | $31.0M | $94.2M |
自由现金流HTLDLSTR
| Q4 25 | $-44.2M | $70.5M | ||
| Q3 25 | $-12.2M | $86.0M | ||
| Q2 25 | $-12.8M | $4.7M | ||
| Q1 25 | $2.3M | $53.8M | ||
| Q4 24 | $-45.5M | $54.4M | ||
| Q3 24 | $24.6M | $75.6M | ||
| Q2 24 | $29.4M | $40.6M | ||
| Q1 24 | $26.3M | $84.9M |
自由现金流率HTLDLSTR
| Q4 25 | -24.6% | 6.0% | ||
| Q3 25 | -6.2% | 7.1% | ||
| Q2 25 | -6.1% | 0.4% | ||
| Q1 25 | 1.0% | 4.7% | ||
| Q4 24 | -18.8% | 4.5% | ||
| Q3 24 | 9.5% | 6.2% | ||
| Q2 24 | 10.7% | 3.3% | ||
| Q1 24 | 9.7% | 7.3% |
资本支出强度HTLDLSTR
| Q4 25 | 33.0% | 0.2% | ||
| Q3 25 | 20.2% | 0.3% | ||
| Q2 25 | 16.1% | 0.2% | ||
| Q1 25 | 10.7% | 0.2% | ||
| Q4 24 | 34.3% | 0.6% | ||
| Q3 24 | 4.2% | 0.6% | ||
| Q2 24 | 3.8% | 0.6% | ||
| Q1 24 | 1.7% | 0.8% |
现金转化率HTLDLSTR
| Q4 25 | — | 3.04× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 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
HTLD
暂无分部数据
LSTR
| Transportation Logistics | $1.2B | 99% |
| Insurance | $14.6M | 1% |
