vs
LANDSTAR SYSTEM INC（LSTR）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.5倍（$1.2B vs $766.5M），LANDSTAR SYSTEM INC净利率更高（3.4% vs 2.2%，领先1.2%），SCANSOURCE, INC.同比增速更快（2.5% vs 1.6%），过去两年SCANSOURCE, INC.的营收复合增速更高（0.9% 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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
LSTR vs SCSC — 直观对比
营收规模更大
LSTR
是对方的1.5倍
$766.5M
营收增速更快
SCSC
高出0.9%
1.6%
净利率更高
LSTR
高出1.2%
2.2%
两年增速更快
SCSC
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $39.4M | $16.5M |
| 毛利率 | 9.6% | 13.4% |
| 营业利润率 | 4.5% | 2.3% |
| 净利率 | 3.4% | 2.2% |
| 营收同比 | 1.6% | 2.5% |
| 净利润同比 | 32.3% | -3.3% |
| 每股收益（稀释后） | $1.16 | $0.75 |
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LSTRSCSC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $1.2B | $704.8M | ||
| Q4 24 | $1.2B | $747.5M | ||
| Q3 24 | $1.2B | $775.6M | ||
| Q2 24 | $1.2B | $746.1M |
净利润LSTRSCSC
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $16.5M | ||
| Q3 25 | $19.4M | $19.9M | ||
| Q2 25 | $41.9M | $20.1M | ||
| Q1 25 | $29.8M | $17.4M | ||
| Q4 24 | $46.2M | $17.1M | ||
| Q3 24 | $50.0M | $17.0M | ||
| Q2 24 | $52.6M | $16.1M |
毛利率LSTRSCSC
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
营业利润率LSTRSCSC
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 2.3% | ||
| Q3 25 | 2.2% | 3.5% | ||
| Q2 25 | 4.6% | 3.3% | ||
| Q1 25 | 3.4% | 3.2% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | 5.2% | 2.3% | ||
| Q2 24 | 5.6% | 2.9% |
净利率LSTRSCSC
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 2.2% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 3.8% | 2.3% | ||
| Q3 24 | 4.1% | 2.2% | ||
| Q2 24 | 4.3% | 2.2% |
每股收益（稀释后）LSTRSCSC
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.75 | ||
| Q3 25 | $0.56 | $0.89 | ||
| Q2 25 | $1.20 | $0.87 | ||
| Q1 25 | $0.85 | $0.74 | ||
| Q4 24 | $1.30 | $0.70 | ||
| Q3 24 | $1.41 | $0.69 | ||
| Q2 24 | $1.48 | $0.66 |
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 | $83.5M |
| 总债务越低越好 | $26.1M | — |
| 股东权益账面价值 | $799.0M | $910.9M |
| 总资产 | $1.6B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资LSTRSCSC
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $83.5M | ||
| Q3 25 | $434.4M | $124.9M | ||
| Q2 25 | $426.2M | $126.2M | ||
| Q1 25 | $473.4M | $146.3M | ||
| Q4 24 | $566.6M | $110.5M | ||
| Q3 24 | $531.3M | $145.0M | ||
| Q2 24 | $504.0M | $185.5M |
总债务LSTRSCSC
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — |
股东权益LSTRSCSC
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $910.9M | ||
| Q3 25 | $888.7M | $914.0M | ||
| Q2 25 | $921.8M | $906.4M | ||
| Q1 25 | $930.8M | $901.7M | ||
| Q4 24 | $972.4M | $900.7M | ||
| Q3 24 | $1.0B | $920.9M | ||
| Q2 24 | $1.0B | $924.3M |
总资产LSTRSCSC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B |
负债/权益比LSTRSCSC
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 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 | — | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LSTRSCSC
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $30.8M | ||
| Q3 25 | $89.3M | $23.2M | ||
| Q2 25 | $7.1M | — | ||
| Q1 25 | $55.7M | $66.1M | ||
| Q4 24 | $61.1M | $-6.2M | ||
| Q3 24 | $83.1M | $44.8M | ||
| Q2 24 | $48.1M | — |
自由现金流LSTRSCSC
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $28.9M | ||
| Q3 25 | $86.0M | $20.8M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $53.8M | $64.6M | ||
| Q4 24 | $54.4M | $-8.2M | ||
| Q3 24 | $75.6M | $42.5M | ||
| Q2 24 | $40.6M | — |
自由现金流率LSTRSCSC
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 3.8% | ||
| Q3 25 | 7.1% | 2.8% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 4.7% | 9.2% | ||
| Q4 24 | 4.5% | -1.1% | ||
| Q3 24 | 6.2% | 5.5% | ||
| Q2 24 | 3.3% | — |
资本支出强度LSTRSCSC
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.6% | 0.2% |
现金转化率LSTRSCSC
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.87× | ||
| Q3 25 | 4.61× | 1.17× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | 3.79× | ||
| Q4 24 | 1.32× | -0.36× | ||
| Q3 24 | 1.66× | 2.64× | ||
| 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
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
