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LANDSTAR SYSTEM INC（LSTR）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
LANDSTAR SYSTEM INC的季度营收约是越洋钻探的1.1倍（$1.2B vs $1.0B），LANDSTAR SYSTEM INC净利率更高（3.4% vs 2.4%，领先1.0%），越洋钻探同比增速更快（9.6% vs 1.6%），过去两年越洋钻探的营收复合增速更高（16.9% vs -2.2%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
LSTR vs RIG — 直观对比
营收规模更大
LSTR
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出7.9%
1.6%
净利率更高
LSTR
高出1.0%
2.4%
两年增速更快
RIG
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $39.4M | $25.0M |
| 毛利率 | 9.6% | 42.0% |
| 营业利润率 | 4.5% | 23.0% |
| 净利率 | 3.4% | 2.4% |
| 营收同比 | 1.6% | 9.6% |
| 净利润同比 | 32.3% | 257.1% |
| 每股收益（稀释后） | $1.16 | $0.13 |
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LSTRRIG
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $988.0M | ||
| Q1 25 | $1.2B | $906.0M | ||
| Q4 24 | $1.2B | $952.0M | ||
| Q3 24 | $1.2B | $948.0M | ||
| Q2 24 | $1.2B | $861.0M |
净利润LSTRRIG
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $25.0M | ||
| Q3 25 | $19.4M | $-1.9B | ||
| Q2 25 | $41.9M | $-938.0M | ||
| Q1 25 | $29.8M | $-79.0M | ||
| Q4 24 | $46.2M | $7.0M | ||
| Q3 24 | $50.0M | $-494.0M | ||
| Q2 24 | $52.6M | $-123.0M |
毛利率LSTRRIG
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% |
营业利润率LSTRRIG
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 23.0% | ||
| Q3 25 | 2.2% | -163.1% | ||
| Q2 25 | 4.6% | -97.6% | ||
| Q1 25 | 3.4% | 7.1% | ||
| Q4 24 | 4.8% | 13.7% | ||
| Q3 24 | 5.2% | -51.2% | ||
| Q2 24 | 5.6% | -6.9% |
净利率LSTRRIG
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 2.4% | ||
| Q3 25 | 1.6% | -187.1% | ||
| Q2 25 | 3.5% | -94.9% | ||
| Q1 25 | 2.6% | -8.7% | ||
| Q4 24 | 3.8% | 0.7% | ||
| Q3 24 | 4.1% | -52.1% | ||
| Q2 24 | 4.3% | -14.3% |
每股收益（稀释后）LSTRRIG
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.13 | ||
| Q3 25 | $0.56 | $-2.00 | ||
| Q2 25 | $1.20 | $-1.06 | ||
| Q1 25 | $0.85 | $-0.11 | ||
| Q4 24 | $1.30 | $-0.14 | ||
| Q3 24 | $1.41 | $-0.58 | ||
| Q2 24 | $1.48 | $-0.15 |
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 | $620.0M |
| 总债务越低越好 | $26.1M | $5.2B |
| 股东权益账面价值 | $799.0M | $8.1B |
| 总资产 | $1.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资LSTRRIG
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $620.0M | ||
| Q3 25 | $434.4M | $833.0M | ||
| Q2 25 | $426.2M | $377.0M | ||
| Q1 25 | $473.4M | $263.0M | ||
| Q4 24 | $566.6M | $560.0M | ||
| Q3 24 | $531.3M | $435.0M | ||
| Q2 24 | $504.0M | $475.0M |
总债务LSTRRIG
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $5.2B | ||
| Q3 25 | $0 | $4.8B | ||
| Q2 25 | $0 | $5.9B | ||
| Q1 25 | $0 | $5.9B | ||
| Q4 24 | $0 | $6.2B | ||
| Q3 24 | $0 | $6.5B | ||
| Q2 24 | $0 | $6.8B |
股东权益LSTRRIG
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $8.1B | ||
| Q3 25 | $888.7M | $8.1B | ||
| Q2 25 | $921.8M | $9.4B | ||
| Q1 25 | $930.8M | $10.2B | ||
| Q4 24 | $972.4M | $10.3B | ||
| Q3 24 | $1.0B | $10.2B | ||
| Q2 24 | $1.0B | $10.7B |
总资产LSTRRIG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $15.6B | ||
| Q3 25 | $1.7B | $16.2B | ||
| Q2 25 | $1.7B | $17.8B | ||
| Q1 25 | $1.7B | $19.0B | ||
| Q4 24 | $1.8B | $19.4B | ||
| Q3 24 | $1.8B | $19.5B | ||
| Q2 24 | $1.8B | $20.3B |
负债/权益比LSTRRIG
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.64× | ||
| Q3 25 | 0.00× | 0.60× | ||
| Q2 25 | 0.00× | 0.63× | ||
| Q1 25 | 0.00× | 0.58× | ||
| Q4 24 | 0.00× | 0.60× | ||
| Q3 24 | 0.00× | 0.64× | ||
| Q2 24 | 0.00× | 0.63× |
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 | — | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流LSTRRIG
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $349.0M | ||
| Q3 25 | $89.3M | $246.0M | ||
| Q2 25 | $7.1M | $128.0M | ||
| Q1 25 | $55.7M | $26.0M | ||
| Q4 24 | $61.1M | $206.0M | ||
| Q3 24 | $83.1M | $194.0M | ||
| Q2 24 | $48.1M | $133.0M |
自由现金流LSTRRIG
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $321.0M | ||
| Q3 25 | $86.0M | $235.0M | ||
| Q2 25 | $4.7M | $104.0M | ||
| Q1 25 | $53.8M | $-34.0M | ||
| Q4 24 | $54.4M | $177.0M | ||
| Q3 24 | $75.6M | $136.0M | ||
| Q2 24 | $40.6M | $49.0M |
自由现金流率LSTRRIG
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 30.8% | ||
| Q3 25 | 7.1% | 22.9% | ||
| Q2 25 | 0.4% | 10.5% | ||
| Q1 25 | 4.7% | -3.8% | ||
| Q4 24 | 4.5% | 18.6% | ||
| Q3 24 | 6.2% | 14.3% | ||
| Q2 24 | 3.3% | 5.7% |
资本支出强度LSTRRIG
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.7% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.2% | 6.6% | ||
| Q4 24 | 0.6% | 3.0% | ||
| Q3 24 | 0.6% | 6.1% | ||
| Q2 24 | 0.6% | 9.8% |
现金转化率LSTRRIG
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 13.96× | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | 29.43× | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.91× | — |
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
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
