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LANDSTAR SYSTEM INC（LSTR）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.0倍（$1.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 3.4%，领先21.1%），LANDSTAR SYSTEM INC同比增速更快（1.6% vs -30.1%），过去两年LANDSTAR SYSTEM INC的营收复合增速更高（-2.2% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
LSTR vs MLM — 直观对比
营收规模更大
LSTR
是对方的1.0倍
$1.1B
营收增速更快
LSTR
高出31.8%
-30.1%
净利率更高
MLM
高出21.1%
3.4%
两年增速更快
LSTR
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $39.4M | $279.0M |
| 毛利率 | 9.6% | 35.0% |
| 营业利润率 | 4.5% | 24.6% |
| 净利率 | 3.4% | 24.5% |
| 营收同比 | 1.6% | -30.1% |
| 净利润同比 | 32.3% | -4.8% |
| 每股收益（稀释后） | $1.16 | $4.59 |
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LSTRMLM
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $1.8B |
净利润LSTRMLM
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $279.0M | ||
| Q3 25 | $19.4M | $414.0M | ||
| Q2 25 | $41.9M | $328.0M | ||
| Q1 25 | $29.8M | $116.0M | ||
| Q4 24 | $46.2M | $293.0M | ||
| Q3 24 | $50.0M | $363.0M | ||
| Q2 24 | $52.6M | $294.0M |
毛利率LSTRMLM
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 29.3% |
营业利润率LSTRMLM
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 24.6% | ||
| Q3 25 | 2.2% | 27.4% | ||
| Q2 25 | 4.6% | 25.3% | ||
| Q1 25 | 3.4% | 14.3% | ||
| Q4 24 | 4.8% | 24.4% | ||
| Q3 24 | 5.2% | 25.9% | ||
| Q2 24 | 5.6% | 22.6% |
净利率LSTRMLM
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 24.5% | ||
| Q3 25 | 1.6% | 22.4% | ||
| Q2 25 | 3.5% | 18.1% | ||
| Q1 25 | 2.6% | 8.6% | ||
| Q4 24 | 3.8% | 18.0% | ||
| Q3 24 | 4.1% | 19.2% | ||
| Q2 24 | 4.3% | 16.7% |
每股收益（稀释后）LSTRMLM
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $4.59 | ||
| Q3 25 | $0.56 | $6.85 | ||
| Q2 25 | $1.20 | $5.43 | ||
| Q1 25 | $0.85 | $1.90 | ||
| Q4 24 | $1.30 | $4.87 | ||
| Q3 24 | $1.41 | $5.91 | ||
| Q2 24 | $1.48 | $4.76 |
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 | $411.0M | $67.0M |
| 总债务越低越好 | $26.1M | $5.3B |
| 股东权益账面价值 | $799.0M | $10.0B |
| 总资产 | $1.6B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资LSTRMLM
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $67.0M | ||
| Q3 25 | $434.4M | $57.0M | ||
| Q2 25 | $426.2M | $225.0M | ||
| Q1 25 | $473.4M | $101.0M | ||
| Q4 24 | $566.6M | $670.0M | ||
| Q3 24 | $531.3M | $52.0M | ||
| Q2 24 | $504.0M | $109.0M |
总债务LSTRMLM
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $5.3B | ||
| Q3 25 | $0 | $5.5B | ||
| Q2 25 | $0 | $5.4B | ||
| Q1 25 | $0 | $5.4B | ||
| Q4 24 | $0 | $5.4B | ||
| Q3 24 | $0 | $4.0B | ||
| Q2 24 | $0 | $4.3B |
股东权益LSTRMLM
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $10.0B | ||
| Q3 25 | $888.7M | $9.7B | ||
| Q2 25 | $921.8M | $9.4B | ||
| Q1 25 | $930.8M | $9.1B | ||
| Q4 24 | $972.4M | $9.5B | ||
| Q3 24 | $1.0B | $9.2B | ||
| Q2 24 | $1.0B | $8.8B |
总资产LSTRMLM
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $18.7B | ||
| Q3 25 | $1.7B | $18.7B | ||
| Q2 25 | $1.7B | $18.1B | ||
| Q1 25 | $1.7B | $17.7B | ||
| Q4 24 | $1.8B | $18.2B | ||
| Q3 24 | $1.8B | $16.5B | ||
| Q2 24 | $1.8B | $16.3B |
负债/权益比LSTRMLM
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.53× | ||
| Q3 25 | 0.00× | 0.57× | ||
| Q2 25 | 0.00× | 0.58× | ||
| Q1 25 | 0.00× | 0.60× | ||
| Q4 24 | 0.00× | 0.57× | ||
| Q3 24 | 0.00× | 0.44× | ||
| Q2 24 | 0.00× | 0.49× |
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 | — | $629.0M |
| 自由现金流经营现金流 - 资本支出 | — | $424.0M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | — | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流LSTRMLM
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $629.0M | ||
| Q3 25 | $89.3M | $551.0M | ||
| Q2 25 | $7.1M | $387.0M | ||
| Q1 25 | $55.7M | $218.0M | ||
| Q4 24 | $61.1M | $686.0M | ||
| Q3 24 | $83.1M | $600.0M | ||
| Q2 24 | $48.1M | $1.0M |
自由现金流LSTRMLM
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $424.0M | ||
| Q3 25 | $86.0M | $361.0M | ||
| Q2 25 | $4.7M | $208.0M | ||
| Q1 25 | $53.8M | $-15.0M | ||
| Q4 24 | $54.4M | $453.0M | ||
| Q3 24 | $75.6M | $317.0M | ||
| Q2 24 | $40.6M | $-138.0M |
自由现金流率LSTRMLM
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 37.2% | ||
| Q3 25 | 7.1% | 19.6% | ||
| Q2 25 | 0.4% | 11.5% | ||
| Q1 25 | 4.7% | -1.1% | ||
| Q4 24 | 4.5% | 27.8% | ||
| Q3 24 | 6.2% | 16.8% | ||
| Q2 24 | 3.3% | -7.8% |
资本支出强度LSTRMLM
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 18.0% | ||
| Q3 25 | 0.3% | 10.3% | ||
| Q2 25 | 0.2% | 9.9% | ||
| Q1 25 | 0.2% | 17.2% | ||
| Q4 24 | 0.6% | 14.3% | ||
| Q3 24 | 0.6% | 15.0% | ||
| Q2 24 | 0.6% | 7.9% |
现金转化率LSTRMLM
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 2.25× | ||
| Q3 25 | 4.61× | 1.33× | ||
| Q2 25 | 0.17× | 1.18× | ||
| Q1 25 | 1.87× | 1.88× | ||
| Q4 24 | 1.32× | 2.34× | ||
| Q3 24 | 1.66× | 1.65× | ||
| Q2 24 | 0.91× | 0.00× |
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
LSTR
暂无分部数据
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
