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LANDSTAR SYSTEM INC（LSTR）与SAIA INC（SAIA）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SAIA INC的1.5倍（$1.2B vs $790.0M）。SAIA INC净利率更高（6.0% vs 2.0%，领先4.0%）。SAIA INC同比增速更快（0.1% vs -2.9%）。LANDSTAR SYSTEM INC自由现金流更多（$70.5M vs $37.5M）。过去两年SAIA INC的营收复合增速更高（2.3% vs 0.1%）
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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
LSTR vs SAIA — 直观对比
营收规模更大
LSTR
是对方的1.5倍
$790.0M
营收增速更快
SAIA
高出3.0%
-2.9%
净利率更高
SAIA
高出4.0%
2.0%
自由现金流更多
LSTR
多$33.0M
$37.5M
两年增速更快
SAIA
近两年复合增速
0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $790.0M |
| 净利润 | $23.9M | $47.5M |
| 毛利率 | — | — |
| 营业利润率 | 2.5% | 8.1% |
| 净利率 | 2.0% | 6.0% |
| 营收同比 | -2.9% | 0.1% |
| 净利润同比 | -48.2% | -37.6% |
| 每股收益（稀释后） | $0.70 | $1.77 |
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LSTRSAIA
| Q4 25 | $1.2B | $790.0M | ||
| Q3 25 | $1.2B | $839.6M | ||
| Q2 25 | $1.2B | $817.1M | ||
| Q1 25 | $1.2B | $787.6M | ||
| Q4 24 | $1.2B | $789.0M | ||
| Q3 24 | $1.2B | $842.1M | ||
| Q2 24 | $1.2B | $823.2M | ||
| Q1 24 | $1.2B | $754.8M |
净利润LSTRSAIA
| Q4 25 | $23.9M | $47.5M | ||
| Q3 25 | $19.4M | $86.3M | ||
| Q2 25 | $41.9M | $71.4M | ||
| Q1 25 | $29.8M | $49.8M | ||
| Q4 24 | $46.2M | $76.1M | ||
| Q3 24 | $50.0M | $92.7M | ||
| Q2 24 | $52.6M | $102.5M | ||
| Q1 24 | $47.1M | $90.7M |
营业利润率LSTRSAIA
| Q4 25 | 2.5% | 8.1% | ||
| Q3 25 | 2.2% | 14.1% | ||
| Q2 25 | 4.6% | 12.2% | ||
| Q1 25 | 3.4% | 8.9% | ||
| Q4 24 | 4.8% | 12.9% | ||
| Q3 24 | 5.2% | 14.9% | ||
| Q2 24 | 5.6% | 16.7% | ||
| Q1 24 | 5.1% | 15.6% |
净利率LSTRSAIA
| Q4 25 | 2.0% | 6.0% | ||
| Q3 25 | 1.6% | 10.3% | ||
| Q2 25 | 3.5% | 8.7% | ||
| Q1 25 | 2.6% | 6.3% | ||
| Q4 24 | 3.8% | 9.6% | ||
| Q3 24 | 4.1% | 11.0% | ||
| Q2 24 | 4.3% | 12.5% | ||
| Q1 24 | 4.0% | 12.0% |
每股收益（稀释后）LSTRSAIA
| Q4 25 | $0.70 | $1.77 | ||
| Q3 25 | $0.56 | $3.22 | ||
| Q2 25 | $1.20 | $2.67 | ||
| Q1 25 | $0.85 | $1.86 | ||
| Q4 24 | $1.30 | $2.84 | ||
| Q3 24 | $1.41 | $3.46 | ||
| Q2 24 | $1.48 | $3.83 | ||
| Q1 24 | $1.32 | $3.38 |
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 | $452.2M | $19.7M |
| 总债务越低越好 | $0 | $163.0M |
| 股东权益账面价值 | $795.7M | $2.6B |
| 总资产 | $1.6B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资LSTRSAIA
| Q4 25 | $452.2M | $19.7M | ||
| Q3 25 | $434.4M | $35.5M | ||
| Q2 25 | $426.2M | $18.8M | ||
| Q1 25 | $473.4M | $16.5M | ||
| Q4 24 | $566.6M | $19.5M | ||
| Q3 24 | $531.3M | $14.4M | ||
| Q2 24 | $504.0M | $11.2M | ||
| Q1 24 | $530.5M | $12.3M |
总债务LSTRSAIA
| Q4 25 | $0 | $163.0M | ||
| Q3 25 | $0 | $218.0M | ||
| Q2 25 | $0 | $307.1M | ||
| Q1 25 | $0 | $291.8M | ||
| Q4 24 | $0 | $195.0M | ||
| Q3 24 | $0 | $184.2M | ||
| Q2 24 | $0 | $169.1M | ||
| Q1 24 | $0 | $76.6M |
股东权益LSTRSAIA
| Q4 25 | $795.7M | $2.6B | ||
| Q3 25 | $888.7M | $2.5B | ||
| Q2 25 | $921.8M | $2.4B | ||
| Q1 25 | $930.8M | $2.4B | ||
| Q4 24 | $972.4M | $2.3B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.0B | $2.1B | ||
| Q1 24 | $1.0B | $2.0B |
总资产LSTRSAIA
| Q4 25 | $1.6B | $3.5B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.5B | ||
| Q1 25 | $1.7B | $3.4B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.8B | $3.0B | ||
| Q1 24 | $1.7B | $2.8B |
负债/权益比LSTRSAIA
| Q4 25 | 0.00× | 0.06× | ||
| Q3 25 | 0.00× | 0.09× | ||
| Q2 25 | 0.00× | 0.13× | ||
| Q1 25 | 0.00× | 0.12× | ||
| Q4 24 | 0.00× | 0.08× | ||
| Q3 24 | 0.00× | 0.08× | ||
| Q2 24 | 0.00× | 0.08× | ||
| Q1 24 | 0.00× | 0.04× |
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 | $72.7M | $137.3M |
| 自由现金流经营现金流 - 资本支出 | $70.5M | $37.5M |
| 自由现金流率自由现金流/营收 | 6.0% | 4.7% |
| 资本支出强度资本支出/营收 | 0.2% | 12.6% |
| 现金转化率经营现金流/净利润 | 3.04× | 2.89× |
| 过去12个月自由现金流最近4个季度 | $215.0M | $27.3M |
8季度趋势，按日历期对齐
经营现金流LSTRSAIA
| Q4 25 | $72.7M | $137.3M | ||
| Q3 25 | $89.3M | $177.8M | ||
| Q2 25 | $7.1M | $170.7M | ||
| Q1 25 | $55.7M | $109.1M | ||
| Q4 24 | $61.1M | $164.7M | ||
| Q3 24 | $83.1M | $181.7M | ||
| Q2 24 | $48.1M | $130.8M | ||
| Q1 24 | $94.2M | $106.5M |
自由现金流LSTRSAIA
| Q4 25 | $70.5M | $37.5M | ||
| Q3 25 | $86.0M | $87.6M | ||
| Q2 25 | $4.7M | $-3.9M | ||
| Q1 25 | $53.8M | $-93.8M | ||
| Q4 24 | $54.4M | $-3.5M | ||
| Q3 24 | $75.6M | $-11.7M | ||
| Q2 24 | $40.6M | $-94.0M | ||
| Q1 24 | $84.9M | $-350.7M |
自由现金流率LSTRSAIA
| Q4 25 | 6.0% | 4.7% | ||
| Q3 25 | 7.1% | 10.4% | ||
| Q2 25 | 0.4% | -0.5% | ||
| Q1 25 | 4.7% | -11.9% | ||
| Q4 24 | 4.5% | -0.4% | ||
| Q3 24 | 6.2% | -1.4% | ||
| Q2 24 | 3.3% | -11.4% | ||
| Q1 24 | 7.3% | -46.5% |
资本支出强度LSTRSAIA
| Q4 25 | 0.2% | 12.6% | ||
| Q3 25 | 0.3% | 10.8% | ||
| Q2 25 | 0.2% | 21.4% | ||
| Q1 25 | 0.2% | 25.8% | ||
| Q4 24 | 0.6% | 21.3% | ||
| Q3 24 | 0.6% | 23.0% | ||
| Q2 24 | 0.6% | 27.3% | ||
| Q1 24 | 0.8% | 60.6% |
现金转化率LSTRSAIA
| Q4 25 | 3.04× | 2.89× | ||
| Q3 25 | 4.61× | 2.06× | ||
| Q2 25 | 0.17× | 2.39× | ||
| Q1 25 | 1.87× | 2.19× | ||
| Q4 24 | 1.32× | 2.16× | ||
| Q3 24 | 1.66× | 1.96× | ||
| Q2 24 | 0.91× | 1.28× | ||
| Q1 24 | 2.00× | 1.17× |
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
| Transportation Logistics | $1.2B | 99% |
| Insurance | $14.6M | 1% |
SAIA
暂无分部数据
