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LANDSTAR SYSTEM INC（LSTR）与Trade Desk (The)（TTD）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Trade Desk (The)的1.4倍（$1.2B vs $846.8M），Trade Desk (The)净利率更高（22.1% vs 3.4%，领先18.7%），Trade Desk (The)同比增速更快（14.3% vs 1.6%），过去两年Trade Desk (The)的营收复合增速更高（31.3% 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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
LSTR vs TTD — 直观对比
营收规模更大
LSTR
是对方的1.4倍
$846.8M
营收增速更快
TTD
高出12.6%
1.6%
净利率更高
TTD
高出18.7%
3.4%
两年增速更快
TTD
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $846.8M |
| 净利润 | $39.4M | $186.9M |
| 毛利率 | 9.6% | 80.7% |
| 营业利润率 | 4.5% | 30.3% |
| 净利率 | 3.4% | 22.1% |
| 营收同比 | 1.6% | 14.3% |
| 净利润同比 | 32.3% | 2.6% |
| 每股收益（稀释后） | $1.16 | $0.39 |
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LSTRTTD
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $846.8M | ||
| Q3 25 | $1.2B | $739.4M | ||
| Q2 25 | $1.2B | $694.0M | ||
| Q1 25 | $1.2B | $616.0M | ||
| Q4 24 | $1.2B | $741.0M | ||
| Q3 24 | $1.2B | $628.0M | ||
| Q2 24 | $1.2B | $584.5M |
净利润LSTRTTD
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $186.9M | ||
| Q3 25 | $19.4M | $115.5M | ||
| Q2 25 | $41.9M | $90.1M | ||
| Q1 25 | $29.8M | $50.7M | ||
| Q4 24 | $46.2M | $182.2M | ||
| Q3 24 | $50.0M | $94.2M | ||
| Q2 24 | $52.6M | $85.0M |
毛利率LSTRTTD
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% |
营业利润率LSTRTTD
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 30.3% | ||
| Q3 25 | 2.2% | 21.8% | ||
| Q2 25 | 4.6% | 16.8% | ||
| Q1 25 | 3.4% | 8.8% | ||
| Q4 24 | 4.8% | 26.4% | ||
| Q3 24 | 5.2% | 17.3% | ||
| Q2 24 | 5.6% | 16.2% |
净利率LSTRTTD
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 22.1% | ||
| Q3 25 | 1.6% | 15.6% | ||
| Q2 25 | 3.5% | 13.0% | ||
| Q1 25 | 2.6% | 8.2% | ||
| Q4 24 | 3.8% | 24.6% | ||
| Q3 24 | 4.1% | 15.0% | ||
| Q2 24 | 4.3% | 14.5% |
每股收益（稀释后）LSTRTTD
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.39 | ||
| Q3 25 | $0.56 | $0.23 | ||
| Q2 25 | $1.20 | $0.18 | ||
| Q1 25 | $0.85 | $0.10 | ||
| Q4 24 | $1.30 | $0.36 | ||
| Q3 24 | $1.41 | $0.19 | ||
| Q2 24 | $1.48 | $0.17 |
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 | $1.3B |
| 总债务越低越好 | $26.1M | — |
| 股东权益账面价值 | $799.0M | $2.5B |
| 总资产 | $1.6B | $6.2B |
| 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LSTRTTD
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $1.3B | ||
| Q3 25 | $434.4M | $1.4B | ||
| Q2 25 | $426.2M | $1.7B | ||
| Q1 25 | $473.4M | $1.7B | ||
| Q4 24 | $566.6M | $1.9B | ||
| Q3 24 | $531.3M | $1.7B | ||
| Q2 24 | $504.0M | $1.5B |
总债务LSTRTTD
| 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LSTRTTD
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $2.5B | ||
| Q3 25 | $888.7M | $2.6B | ||
| Q2 25 | $921.8M | $2.7B | ||
| Q1 25 | $930.8M | $2.7B | ||
| Q4 24 | $972.4M | $2.9B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $1.0B | $2.4B |
总资产LSTRTTD
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $6.2B | ||
| Q3 25 | $1.7B | $5.9B | ||
| Q2 25 | $1.7B | $6.0B | ||
| Q1 25 | $1.7B | $5.7B | ||
| Q4 24 | $1.8B | $6.1B | ||
| Q3 24 | $1.8B | $5.5B | ||
| Q2 24 | $1.8B | $5.2B |
负债/权益比LSTRTTD
| 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 | — | $311.6M |
| 自由现金流经营现金流 - 资本支出 | — | $285.3M |
| 自由现金流率自由现金流/营收 | — | 33.7% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | — | 1.67× |
| 过去12个月自由现金流最近4个季度 | — | $795.7M |
8季度趋势，按日历期对齐
经营现金流LSTRTTD
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $311.6M | ||
| Q3 25 | $89.3M | $224.7M | ||
| Q2 25 | $7.1M | $165.0M | ||
| Q1 25 | $55.7M | $291.4M | ||
| Q4 24 | $61.1M | $199.4M | ||
| Q3 24 | $83.1M | $273.3M | ||
| Q2 24 | $48.1M | $81.3M |
自由现金流LSTRTTD
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $285.3M | ||
| Q3 25 | $86.0M | $158.3M | ||
| Q2 25 | $4.7M | $119.8M | ||
| Q1 25 | $53.8M | $232.3M | ||
| Q4 24 | $54.4M | $179.2M | ||
| Q3 24 | $75.6M | $224.6M | ||
| Q2 24 | $40.6M | $59.1M |
自由现金流率LSTRTTD
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 33.7% | ||
| Q3 25 | 7.1% | 21.4% | ||
| Q2 25 | 0.4% | 17.3% | ||
| Q1 25 | 4.7% | 37.7% | ||
| Q4 24 | 4.5% | 24.2% | ||
| Q3 24 | 6.2% | 35.8% | ||
| Q2 24 | 3.3% | 10.1% |
资本支出强度LSTRTTD
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.1% | ||
| Q3 25 | 0.3% | 9.0% | ||
| Q2 25 | 0.2% | 6.5% | ||
| Q1 25 | 0.2% | 9.6% | ||
| Q4 24 | 0.6% | 2.7% | ||
| Q3 24 | 0.6% | 7.8% | ||
| Q2 24 | 0.6% | 3.8% |
现金转化率LSTRTTD
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 1.67× | ||
| Q3 25 | 4.61× | 1.94× | ||
| Q2 25 | 0.17× | 1.83× | ||
| Q1 25 | 1.87× | 5.75× | ||
| Q4 24 | 1.32× | 1.09× | ||
| Q3 24 | 1.66× | 2.90× | ||
| Q2 24 | 0.91× | 0.96× |
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
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
