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LANDSTAR SYSTEM INC（LSTR）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是LANDSTAR SYSTEM INC的2.0倍（$2.3B vs $1.2B），J.M. Smucker Company (The)净利率更高（10.4% vs 3.4%，领先7.0%），J.M. Smucker Company (The)同比增速更快（2.6% vs 1.6%），过去两年J.M. Smucker Company (The)的营收复合增速更高（2.2% 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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
LSTR vs SJM — 直观对比
营收规模更大
SJM
是对方的2.0倍
$1.2B
营收增速更快
SJM
高出1.0%
1.6%
净利率更高
SJM
高出7.0%
3.4%
两年增速更快
SJM
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.3B |
| 净利润 | $39.4M | $241.3M |
| 毛利率 | 9.6% | 37.3% |
| 营业利润率 | 4.5% | 18.0% |
| 净利率 | 3.4% | 10.4% |
| 营收同比 | 1.6% | 2.6% |
| 净利润同比 | 32.3% | 1084.9% |
| 每股收益（稀释后） | $1.16 | $2.26 |
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LSTRSJM
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.2B | $2.2B |
净利润LSTRSJM
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $241.3M | ||
| Q3 25 | $19.4M | $-43.9M | ||
| Q2 25 | $41.9M | $-729.0M | ||
| Q1 25 | $29.8M | $-662.3M | ||
| Q4 24 | $46.2M | $-24.5M | ||
| Q3 24 | $50.0M | $185.0M | ||
| Q2 24 | $52.6M | $245.1M |
毛利率LSTRSJM
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 41.4% |
营业利润率LSTRSJM
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 18.0% | ||
| Q3 25 | 2.2% | 2.2% | ||
| Q2 25 | 4.6% | -27.9% | ||
| Q1 25 | 3.4% | -27.2% | ||
| Q4 24 | 4.8% | 7.5% | ||
| Q3 24 | 5.2% | 16.4% | ||
| Q2 24 | 5.6% | 18.4% |
净利率LSTRSJM
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 10.4% | ||
| Q3 25 | 1.6% | -2.1% | ||
| Q2 25 | 3.5% | -34.0% | ||
| Q1 25 | 2.6% | -30.3% | ||
| Q4 24 | 3.8% | -1.1% | ||
| Q3 24 | 4.1% | 8.7% | ||
| Q2 24 | 4.3% | 11.1% |
每股收益（稀释后）LSTRSJM
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $2.26 | ||
| Q3 25 | $0.56 | $-0.41 | ||
| Q2 25 | $1.20 | $-6.86 | ||
| Q1 25 | $0.85 | $-6.22 | ||
| Q4 24 | $1.30 | $-0.23 | ||
| Q3 24 | $1.41 | $1.74 | ||
| Q2 24 | $1.48 | $2.31 |
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 | — |
| 总债务越低越好 | $26.1M | $7.0B |
| 股东权益账面价值 | $799.0M | $6.1B |
| 总资产 | $1.6B | $17.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资LSTRSJM
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | — | ||
| Q3 25 | $434.4M | — | ||
| Q2 25 | $426.2M | — | ||
| Q1 25 | $473.4M | — | ||
| Q4 24 | $566.6M | — | ||
| Q3 24 | $531.3M | — | ||
| Q2 24 | $504.0M | — |
总债务LSTRSJM
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $7.0B | ||
| Q3 25 | $0 | $7.0B | ||
| Q2 25 | $0 | $7.0B | ||
| Q1 25 | $0 | $7.4B | ||
| Q4 24 | $0 | $7.8B | ||
| Q3 24 | $0 | $7.8B | ||
| Q2 24 | $0 | $7.8B |
股东权益LSTRSJM
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $6.1B | ||
| Q3 25 | $888.7M | $5.9B | ||
| Q2 25 | $921.8M | $6.1B | ||
| Q1 25 | $930.8M | $6.9B | ||
| Q4 24 | $972.4M | $7.6B | ||
| Q3 24 | $1.0B | $7.8B | ||
| Q2 24 | $1.0B | $7.7B |
总资产LSTRSJM
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $17.6B | ||
| Q3 25 | $1.7B | $17.7B | ||
| Q2 25 | $1.7B | $17.6B | ||
| Q1 25 | $1.7B | $18.4B | ||
| Q4 24 | $1.8B | $20.0B | ||
| Q3 24 | $1.8B | $20.3B | ||
| Q2 24 | $1.8B | $20.3B |
负债/权益比LSTRSJM
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 1.16× | ||
| Q3 25 | 0.00× | 1.19× | ||
| Q2 25 | 0.00× | 1.16× | ||
| Q1 25 | 0.00× | 1.07× | ||
| Q4 24 | 0.00× | 1.02× | ||
| Q3 24 | 0.00× | 1.00× | ||
| Q2 24 | 0.00× | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | — | $280.2M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $635.5M |
8季度趋势，按日历期对齐
经营现金流LSTRSJM
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $346.5M | ||
| Q3 25 | $89.3M | $-10.6M | ||
| Q2 25 | $7.1M | $393.9M | ||
| Q1 25 | $55.7M | $239.4M | ||
| Q4 24 | $61.1M | $404.2M | ||
| Q3 24 | $83.1M | $172.9M | ||
| Q2 24 | $48.1M | $428.1M |
自由现金流LSTRSJM
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $280.2M | ||
| Q3 25 | $86.0M | $-94.9M | ||
| Q2 25 | $4.7M | $298.9M | ||
| Q1 25 | $53.8M | $151.3M | ||
| Q4 24 | $54.4M | $317.2M | ||
| Q3 24 | $75.6M | $49.2M | ||
| Q2 24 | $40.6M | $297.5M |
自由现金流率LSTRSJM
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 12.0% | ||
| Q3 25 | 7.1% | -4.5% | ||
| Q2 25 | 0.4% | 13.9% | ||
| Q1 25 | 4.7% | 6.9% | ||
| Q4 24 | 4.5% | 14.0% | ||
| Q3 24 | 6.2% | 2.3% | ||
| Q2 24 | 3.3% | 13.5% |
资本支出强度LSTRSJM
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.8% | ||
| Q3 25 | 0.3% | 4.0% | ||
| Q2 25 | 0.2% | 4.4% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | 0.6% | 3.8% | ||
| Q3 24 | 0.6% | 5.8% | ||
| Q2 24 | 0.6% | 5.9% |
现金转化率LSTRSJM
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.44× | ||
| Q3 25 | 4.61× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.66× | 0.93× | ||
| Q2 24 | 0.91× | 1.75× |
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
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
