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LANDSTAR SYSTEM INC（LSTR）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是LANDSTAR SYSTEM INC的1.9倍（$2.2B vs $1.2B），Constellation Brands净利率更高（22.6% vs 3.4%，领先19.3%），LANDSTAR SYSTEM INC同比增速更快（1.6% vs -9.8%），过去两年Constellation Brands的营收复合增速更高（1.9% 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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
LSTR vs STZ — 直观对比
营收规模更大
STZ
是对方的1.9倍
$1.2B
营收增速更快
LSTR
高出11.4%
-9.8%
净利率更高
STZ
高出19.3%
3.4%
两年增速更快
STZ
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $39.4M | $502.8M |
| 毛利率 | 9.6% | 53.2% |
| 营业利润率 | 4.5% | 31.1% |
| 净利率 | 3.4% | 22.6% |
| 营收同比 | 1.6% | -9.8% |
| 净利润同比 | 32.3% | -18.4% |
| 每股收益（稀释后） | $1.16 | — |
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LSTRSTZ
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.2B | $2.7B |
净利润LSTRSTZ
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $502.8M | ||
| Q3 25 | $19.4M | $466.0M | ||
| Q2 25 | $41.9M | $516.1M | ||
| Q1 25 | $29.8M | $-375.3M | ||
| Q4 24 | $46.2M | $615.9M | ||
| Q3 24 | $50.0M | $-1.2B | ||
| Q2 24 | $52.6M | $877.0M |
毛利率LSTRSTZ
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 53.2% | ||
| Q3 25 | — | 52.8% | ||
| Q2 25 | — | 50.4% | ||
| Q1 25 | — | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 52.7% |
营业利润率LSTRSTZ
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 31.1% | ||
| Q3 25 | 2.2% | 35.2% | ||
| Q2 25 | 4.6% | 28.4% | ||
| Q1 25 | 3.4% | -6.9% | ||
| Q4 24 | 4.8% | 32.2% | ||
| Q3 24 | 5.2% | -42.1% | ||
| Q2 24 | 5.6% | 35.4% |
净利率LSTRSTZ
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 22.6% | ||
| Q3 25 | 1.6% | 18.8% | ||
| Q2 25 | 3.5% | 20.5% | ||
| Q1 25 | 2.6% | -17.3% | ||
| Q4 24 | 3.8% | 25.0% | ||
| Q3 24 | 4.1% | -41.1% | ||
| Q2 24 | 4.3% | 32.9% |
每股收益（稀释后）LSTRSTZ
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | — | ||
| Q3 25 | $0.56 | — | ||
| Q2 25 | $1.20 | — | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $1.30 | — | ||
| Q3 24 | $1.41 | — | ||
| Q2 24 | $1.48 | — |
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 | $152.4M |
| 总债务越低越好 | $26.1M | $10.3B |
| 股东权益账面价值 | $799.0M | $7.7B |
| 总资产 | $1.6B | $21.7B |
| 负债/权益比越低杠杆越低 | 0.03× | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资LSTRSTZ
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $152.4M | ||
| Q3 25 | $434.4M | $72.0M | ||
| Q2 25 | $426.2M | $73.9M | ||
| Q1 25 | $473.4M | $68.1M | ||
| Q4 24 | $566.6M | $73.7M | ||
| Q3 24 | $531.3M | $64.6M | ||
| Q2 24 | $504.0M | $73.8M |
总债务LSTRSTZ
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $10.3B | ||
| Q3 25 | $0 | $10.3B | ||
| Q2 25 | $0 | $11.2B | ||
| Q1 25 | $0 | $10.7B | ||
| Q4 24 | $0 | $10.7B | ||
| Q3 24 | $0 | $11.1B | ||
| Q2 24 | $0 | $11.1B |
股东权益LSTRSTZ
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $7.7B | ||
| Q3 25 | $888.7M | $7.5B | ||
| Q2 25 | $921.8M | $7.3B | ||
| Q1 25 | $930.8M | $6.9B | ||
| Q4 24 | $972.4M | $7.8B | ||
| Q3 24 | $1.0B | $7.9B | ||
| Q2 24 | $1.0B | $10.3B |
总资产LSTRSTZ
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $21.7B | ||
| Q3 25 | $1.7B | $21.4B | ||
| Q2 25 | $1.7B | $22.3B | ||
| Q1 25 | $1.7B | $21.7B | ||
| Q4 24 | $1.8B | $22.8B | ||
| Q3 24 | $1.8B | $23.1B | ||
| Q2 24 | $1.8B | $26.1B |
负债/权益比LSTRSTZ
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 1.33× | ||
| Q3 25 | 0.00× | 1.37× | ||
| Q2 25 | 0.00× | 1.54× | ||
| Q1 25 | 0.00× | 1.55× | ||
| Q4 24 | 0.00× | 1.37× | ||
| Q3 24 | 0.00× | 1.41× | ||
| Q2 24 | 0.00× | 1.08× |
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 | — | $616.9M |
| 自由现金流经营现金流 - 资本支出 | — | $370.9M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流LSTRSTZ
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $616.9M | ||
| Q3 25 | $89.3M | $852.1M | ||
| Q2 25 | $7.1M | $637.2M | ||
| Q1 25 | $55.7M | $594.7M | ||
| Q4 24 | $61.1M | $685.2M | ||
| Q3 24 | $83.1M | $1.2B | ||
| Q2 24 | $48.1M | $690.5M |
自由现金流LSTRSTZ
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $370.9M | ||
| Q3 25 | $86.0M | $634.8M | ||
| Q2 25 | $4.7M | $444.4M | ||
| Q1 25 | $53.8M | $312.1M | ||
| Q4 24 | $54.4M | $456.8M | ||
| Q3 24 | $75.6M | $854.0M | ||
| Q2 24 | $40.6M | $315.2M |
自由现金流率LSTRSTZ
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 16.7% | ||
| Q3 25 | 7.1% | 25.6% | ||
| Q2 25 | 0.4% | 17.7% | ||
| Q1 25 | 4.7% | 14.4% | ||
| Q4 24 | 4.5% | 18.5% | ||
| Q3 24 | 6.2% | 29.3% | ||
| Q2 24 | 3.3% | 11.8% |
资本支出强度LSTRSTZ
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 11.1% | ||
| Q3 25 | 0.3% | 8.8% | ||
| Q2 25 | 0.2% | 7.7% | ||
| Q1 25 | 0.2% | 13.1% | ||
| Q4 24 | 0.6% | 9.3% | ||
| Q3 24 | 0.6% | 11.2% | ||
| Q2 24 | 0.6% | 14.1% |
现金转化率LSTRSTZ
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.23× | ||
| Q3 25 | 4.61× | 1.83× | ||
| Q2 25 | 0.17× | 1.23× | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 1.32× | 1.11× | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.91× | 0.79× |
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
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
