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LANDSTAR SYSTEM INC（LSTR）与Schneider National, Inc.（SNDR）财务数据对比。点击上方公司名可切换其他公司
Schneider National, Inc.的季度营收约是LANDSTAR SYSTEM INC的1.2倍（$1.4B vs $1.2B）。LANDSTAR SYSTEM INC净利率更高（2.0% vs 1.6%，领先0.5%）。Schneider National, Inc.同比增速更快（4.5% vs -2.9%）。Schneider National, Inc.自由现金流更多（$145.5M vs $70.5M）。过去两年Schneider National, Inc.的营收复合增速更高（3.0% 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。
美国施耐德国家公司是知名交通运输企业，提供整车运输、多式联运及综合物流服务，业务涵盖区域配送、长途运输、加急运输、专属运力、散货运输、货运代理、越库物流、共同配送点分拨、供应链管理、港口物流等领域，可为客户提供定制化供应链解决方案。
LSTR vs SNDR — 直观对比
营收规模更大
SNDR
是对方的1.2倍
$1.2B
营收增速更快
SNDR
高出7.4%
-2.9%
净利率更高
LSTR
高出0.5%
1.6%
自由现金流更多
SNDR
多$75.0M
$70.5M
两年增速更快
SNDR
近两年复合增速
0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $23.9M | $22.1M |
| 毛利率 | — | — |
| 营业利润率 | 2.5% | 2.6% |
| 净利率 | 2.0% | 1.6% |
| 营收同比 | -2.9% | 4.5% |
| 净利润同比 | -48.2% | -32.2% |
| 每股收益（稀释后） | $0.70 | $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LSTRSNDR
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
净利润LSTRSNDR
| Q4 25 | $23.9M | $22.1M | ||
| Q3 25 | $19.4M | $19.4M | ||
| Q2 25 | $41.9M | $36.0M | ||
| Q1 25 | $29.8M | $26.1M | ||
| Q4 24 | $46.2M | $32.6M | ||
| Q3 24 | $50.0M | $30.6M | ||
| Q2 24 | $52.6M | $35.3M | ||
| Q1 24 | $47.1M | $18.5M |
营业利润率LSTRSNDR
| Q4 25 | 2.5% | 2.6% | ||
| Q3 25 | 2.2% | 2.4% | ||
| Q2 25 | 4.6% | 3.9% | ||
| Q1 25 | 3.4% | 3.0% | ||
| Q4 24 | 4.8% | 3.2% | ||
| Q3 24 | 5.2% | 3.3% | ||
| Q2 24 | 5.6% | 3.9% | ||
| Q1 24 | 5.1% | 2.2% |
净利率LSTRSNDR
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 2.6% | 1.9% | ||
| Q4 24 | 3.8% | 2.4% | ||
| Q3 24 | 4.1% | 2.3% | ||
| Q2 24 | 4.3% | 2.7% | ||
| Q1 24 | 4.0% | 1.4% |
每股收益（稀释后）LSTRSNDR
| Q4 25 | $0.70 | $0.13 | ||
| Q3 25 | $0.56 | $0.11 | ||
| Q2 25 | $1.20 | $0.20 | ||
| Q1 25 | $0.85 | $0.15 | ||
| Q4 24 | $1.30 | $0.19 | ||
| Q3 24 | $1.41 | $0.17 | ||
| Q2 24 | $1.48 | $0.20 | ||
| Q1 24 | $1.32 | $0.10 |
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 | $41.8M |
| 总债务越低越好 | $0 | $390.9M |
| 股东权益账面价值 | $795.7M | $3.0B |
| 总资产 | $1.6B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LSTRSNDR
| Q4 25 | $452.2M | $41.8M | ||
| Q3 25 | $434.4M | $235.7M | ||
| Q2 25 | $426.2M | $205.1M | ||
| Q1 25 | $473.4M | $154.3M | ||
| Q4 24 | $566.6M | $165.5M | ||
| Q3 24 | $531.3M | $231.6M | ||
| Q2 24 | $504.0M | $157.2M | ||
| Q1 24 | $530.5M | $124.2M |
总债务LSTRSNDR
| Q4 25 | $0 | $390.9M | ||
| Q3 25 | $0 | $509.8M | ||
| Q2 25 | $0 | $512.7M | ||
| Q1 25 | $0 | $565.8M | ||
| Q4 24 | $0 | $420.8M | ||
| Q3 24 | $0 | $124.7M | ||
| Q2 24 | $0 | $125.8M | ||
| Q1 24 | $0 | $96.6M |
股东权益LSTRSNDR
| Q4 25 | $795.7M | $3.0B | ||
| Q3 25 | $888.7M | $3.0B | ||
| Q2 25 | $921.8M | $3.0B | ||
| Q1 25 | $930.8M | $3.0B | ||
| Q4 24 | $972.4M | $3.0B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $1.0B | $3.0B | ||
| Q1 24 | $1.0B | $2.9B |
总资产LSTRSNDR
| Q4 25 | $1.6B | $4.8B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.7B | $5.0B | ||
| Q1 25 | $1.7B | $5.0B | ||
| Q4 24 | $1.8B | $4.9B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.8B | $4.5B | ||
| Q1 24 | $1.7B | $4.6B |
负债/权益比LSTRSNDR
| Q4 25 | 0.00× | 0.13× | ||
| Q3 25 | 0.00× | 0.17× | ||
| Q2 25 | 0.00× | 0.17× | ||
| Q1 25 | 0.00× | 0.19× | ||
| Q4 24 | 0.00× | 0.14× | ||
| Q3 24 | 0.00× | 0.04× | ||
| Q2 24 | 0.00× | 0.04× | ||
| Q1 24 | 0.00× | 0.03× |
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 | $186.0M |
| 自由现金流经营现金流 - 资本支出 | $70.5M | $145.5M |
| 自由现金流率自由现金流/营收 | 6.0% | 10.4% |
| 资本支出强度资本支出/营收 | 0.2% | 2.9% |
| 现金转化率经营现金流/净利润 | 3.04× | 8.42× |
| 过去12个月自由现金流最近4个季度 | $215.0M | $285.4M |
8季度趋势，按日历期对齐
经营现金流LSTRSNDR
| Q4 25 | $72.7M | $186.0M | ||
| Q3 25 | $89.3M | $184.2M | ||
| Q2 25 | $7.1M | $175.5M | ||
| Q1 25 | $55.7M | $91.7M | ||
| Q4 24 | $61.1M | $199.5M | ||
| Q3 24 | $83.1M | $206.4M | ||
| Q2 24 | $48.1M | $182.6M | ||
| Q1 24 | $94.2M | $97.6M |
自由现金流LSTRSNDR
| Q4 25 | $70.5M | $145.5M | ||
| Q3 25 | $86.0M | $56.2M | ||
| Q2 25 | $4.7M | $106.4M | ||
| Q1 25 | $53.8M | $-22.7M | ||
| Q4 24 | $54.4M | $113.6M | ||
| Q3 24 | $75.6M | $98.7M | ||
| Q2 24 | $40.6M | $85.5M | ||
| Q1 24 | $84.9M | $-25.7M |
自由现金流率LSTRSNDR
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 7.1% | 3.9% | ||
| Q2 25 | 0.4% | 7.5% | ||
| Q1 25 | 4.7% | -1.6% | ||
| Q4 24 | 4.5% | 8.5% | ||
| Q3 24 | 6.2% | 7.5% | ||
| Q2 24 | 3.3% | 6.5% | ||
| Q1 24 | 7.3% | -1.9% |
资本支出强度LSTRSNDR
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.3% | 8.8% | ||
| Q2 25 | 0.2% | 4.9% | ||
| Q1 25 | 0.2% | 8.2% | ||
| Q4 24 | 0.6% | 6.4% | ||
| Q3 24 | 0.6% | 8.2% | ||
| Q2 24 | 0.6% | 7.4% | ||
| Q1 24 | 0.8% | 9.3% |
现金转化率LSTRSNDR
| Q4 25 | 3.04× | 8.42× | ||
| Q3 25 | 4.61× | 9.49× | ||
| Q2 25 | 0.17× | 4.88× | ||
| Q1 25 | 1.87× | 3.51× | ||
| Q4 24 | 1.32× | 6.12× | ||
| Q3 24 | 1.66× | 6.75× | ||
| Q2 24 | 0.91× | 5.17× | ||
| Q1 24 | 2.00× | 5.28× |
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% |
SNDR
| Transportation | $1.3B | 93% |
| Logistics Management | $52.3M | 4% |
| Other | $46.2M | 3% |
