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LANDSTAR SYSTEM INC（LSTR）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是LANDSTAR SYSTEM INC的1.3倍（$1.5B vs $1.2B），LANDSTAR SYSTEM INC净利率更高（3.4% vs -3.1%，领先6.5%），LANDSTAR SYSTEM INC同比增速更快（1.6% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
LSTR vs RXO — 直观对比
营收规模更大
RXO
是对方的1.3倍
$1.2B
营收增速更快
LSTR
高出13.5%
-11.9%
净利率更高
LSTR
高出6.5%
-3.1%
两年增速更快
RXO
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $39.4M | $-46.0M |
| 毛利率 | 9.6% | — |
| 营业利润率 | 4.5% | -2.9% |
| 净利率 | 3.4% | -3.1% |
| 营收同比 | 1.6% | -11.9% |
| 净利润同比 | 32.3% | -84.0% |
| 每股收益（稀释后） | $1.16 | $-0.28 |
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LSTRRXO
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M |
净利润LSTRRXO
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $-46.0M | ||
| Q3 25 | $19.4M | $-14.0M | ||
| Q2 25 | $41.9M | $-9.0M | ||
| Q1 25 | $29.8M | $-31.0M | ||
| Q4 24 | $46.2M | $-25.0M | ||
| Q3 24 | $50.0M | $-243.0M | ||
| Q2 24 | $52.6M | $-7.0M |
毛利率LSTRRXO
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率LSTRRXO
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | -2.9% | ||
| Q3 25 | 2.2% | -0.5% | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.4% | -2.1% | ||
| Q4 24 | 4.8% | -1.4% | ||
| Q3 24 | 5.2% | -1.9% | ||
| Q2 24 | 5.6% | — |
净利率LSTRRXO
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | -3.1% | ||
| Q3 25 | 1.6% | -1.0% | ||
| Q2 25 | 3.5% | -0.6% | ||
| Q1 25 | 2.6% | -2.2% | ||
| Q4 24 | 3.8% | -1.5% | ||
| Q3 24 | 4.1% | -23.4% | ||
| Q2 24 | 4.3% | -0.8% |
每股收益（稀释后）LSTRRXO
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $-0.28 | ||
| Q3 25 | $0.56 | $-0.08 | ||
| Q2 25 | $1.20 | $-0.05 | ||
| Q1 25 | $0.85 | $-0.18 | ||
| Q4 24 | $1.30 | $-0.17 | ||
| Q3 24 | $1.41 | $-1.81 | ||
| Q2 24 | $1.48 | $-0.06 |
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 | $17.0M |
| 总债务越低越好 | $26.1M | $387.0M |
| 股东权益账面价值 | $799.0M | $1.5B |
| 总资产 | $1.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资LSTRRXO
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $17.0M | ||
| Q3 25 | $434.4M | $25.0M | ||
| Q2 25 | $426.2M | $18.0M | ||
| Q1 25 | $473.4M | $16.0M | ||
| Q4 24 | $566.6M | $35.0M | ||
| Q3 24 | $531.3M | $55.0M | ||
| Q2 24 | $504.0M | $7.0M |
总债务LSTRRXO
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $387.0M | ||
| Q3 25 | $0 | $387.0M | ||
| Q2 25 | $0 | $387.0M | ||
| Q1 25 | $0 | $387.0M | ||
| Q4 24 | $0 | $351.0M | ||
| Q3 24 | $0 | $352.0M | ||
| Q2 24 | $0 | $370.0M |
股东权益LSTRRXO
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.5B | ||
| Q3 25 | $888.7M | $1.6B | ||
| Q2 25 | $921.8M | $1.6B | ||
| Q1 25 | $930.8M | $1.6B | ||
| Q4 24 | $972.4M | $1.6B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.0B | $579.0M |
总资产LSTRRXO
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.8B | $1.8B |
负债/权益比LSTRRXO
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.24× | ||
| Q2 25 | 0.00× | 0.24× | ||
| Q1 25 | 0.00× | 0.24× | ||
| Q4 24 | 0.00× | 0.22× | ||
| Q3 24 | 0.00× | 0.21× | ||
| Q2 24 | 0.00× | 0.64× |
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 | — | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流LSTRRXO
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $7.0M | ||
| Q3 25 | $89.3M | $23.0M | ||
| Q2 25 | $7.1M | $23.0M | ||
| Q1 25 | $55.7M | $-2.0M | ||
| Q4 24 | $61.1M | $-7.0M | ||
| Q3 24 | $83.1M | $-7.0M | ||
| Q2 24 | $48.1M | $-5.0M |
自由现金流LSTRRXO
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $-9.0M | ||
| Q3 25 | $86.0M | $9.0M | ||
| Q2 25 | $4.7M | $9.0M | ||
| Q1 25 | $53.8M | $-17.0M | ||
| Q4 24 | $54.4M | $-19.0M | ||
| Q3 24 | $75.6M | $-18.0M | ||
| Q2 24 | $40.6M | $-16.0M |
自由现金流率LSTRRXO
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | -0.6% | ||
| Q3 25 | 7.1% | 0.6% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 4.7% | -1.2% | ||
| Q4 24 | 4.5% | -1.1% | ||
| Q3 24 | 6.2% | -1.7% | ||
| Q2 24 | 3.3% | -1.7% |
资本支出强度LSTRRXO
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 0.6% | 0.7% | ||
| Q3 24 | 0.6% | 1.1% | ||
| Q2 24 | 0.6% | 1.2% |
现金转化率LSTRRXO
| Q1 26 | — | — | ||
| 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× | — |
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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
