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LANDSTAR SYSTEM INC（LSTR）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.3倍（$1.2B vs $871.9M），LANDSTAR SYSTEM INC净利率更高（3.4% vs 2.2%，领先1.2%），Worthington Steel, Inc.同比增速更快（18.0% vs 1.6%），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
LSTR vs WS — 直观对比
营收规模更大
LSTR
是对方的1.3倍
$871.9M
营收增速更快
WS
高出16.4%
1.6%
净利率更高
LSTR
高出1.2%
2.2%
两年增速更快
WS
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $871.9M |
| 净利润 | $39.4M | $18.8M |
| 毛利率 | 9.6% | 10.7% |
| 营业利润率 | 4.5% | 2.5% |
| 净利率 | 3.4% | 2.2% |
| 营收同比 | 1.6% | 18.0% |
| 净利润同比 | 32.3% | 46.9% |
| 每股收益（稀释后） | $1.16 | $0.37 |
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LSTRWS
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $871.9M | ||
| Q3 25 | $1.2B | $872.9M | ||
| Q2 25 | $1.2B | $832.9M | ||
| Q1 25 | $1.2B | $687.4M | ||
| Q4 24 | $1.2B | $739.0M | ||
| Q3 24 | $1.2B | $834.0M | ||
| Q2 24 | $1.2B | — |
净利润LSTRWS
| Q1 26 | $39.4M | — | ||
| Q4 25 | $23.9M | $18.8M | ||
| Q3 25 | $19.4M | $36.8M | ||
| Q2 25 | $41.9M | $55.7M | ||
| Q1 25 | $29.8M | $13.8M | ||
| Q4 24 | $46.2M | $12.8M | ||
| Q3 24 | $50.0M | $28.4M | ||
| Q2 24 | $52.6M | — |
毛利率LSTRWS
| Q1 26 | 9.6% | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — |
营业利润率LSTRWS
| Q1 26 | 4.5% | — | ||
| Q4 25 | 2.5% | 2.5% | ||
| Q3 25 | 2.2% | 5.5% | ||
| Q2 25 | 4.6% | 8.0% | ||
| Q1 25 | 3.4% | 2.7% | ||
| Q4 24 | 4.8% | 2.6% | ||
| Q3 24 | 5.2% | 5.2% | ||
| Q2 24 | 5.6% | — |
净利率LSTRWS
| Q1 26 | 3.4% | — | ||
| Q4 25 | 2.0% | 2.2% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 3.5% | 6.7% | ||
| Q1 25 | 2.6% | 2.0% | ||
| Q4 24 | 3.8% | 1.7% | ||
| Q3 24 | 4.1% | 3.4% | ||
| Q2 24 | 4.3% | — |
每股收益（稀释后）LSTRWS
| Q1 26 | $1.16 | — | ||
| Q4 25 | $0.70 | $0.37 | ||
| Q3 25 | $0.56 | $0.72 | ||
| Q2 25 | $1.20 | $1.11 | ||
| Q1 25 | $0.85 | $0.27 | ||
| Q4 24 | $1.30 | $0.25 | ||
| Q3 24 | $1.41 | $0.56 | ||
| 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 | $89.8M |
| 总债务越低越好 | $26.1M | $72.1M |
| 股东权益账面价值 | $799.0M | $1.1B |
| 总资产 | $1.6B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资LSTRWS
| Q1 26 | $411.0M | — | ||
| Q4 25 | $452.2M | $89.8M | ||
| Q3 25 | $434.4M | $78.3M | ||
| Q2 25 | $426.2M | $38.0M | ||
| Q1 25 | $473.4M | $63.3M | ||
| Q4 24 | $566.6M | $52.0M | ||
| Q3 24 | $531.3M | $36.0M | ||
| Q2 24 | $504.0M | — |
总债务LSTRWS
| Q1 26 | $26.1M | — | ||
| Q4 25 | $0 | $72.1M | ||
| Q3 25 | $0 | $73.4M | ||
| Q2 25 | $0 | $151.5M | ||
| Q1 25 | $0 | — | ||
| Q4 24 | $0 | $115.0M | ||
| Q3 24 | $0 | $122.2M | ||
| Q2 24 | $0 | — |
股东权益LSTRWS
| Q1 26 | $799.0M | — | ||
| Q4 25 | $795.7M | $1.1B | ||
| Q3 25 | $888.7M | $1.1B | ||
| Q2 25 | $921.8M | $1.1B | ||
| Q1 25 | $930.8M | $1.0B | ||
| Q4 24 | $972.4M | $1.0B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.0B | — |
总资产LSTRWS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | — |
负债/权益比LSTRWS
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.00× | 0.06× | ||
| Q3 25 | 0.00× | 0.07× | ||
| Q2 25 | 0.00× | 0.14× | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.11× | ||
| Q3 24 | 0.00× | 0.12× | ||
| 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 | — | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 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 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流LSTRWS
| Q1 26 | — | — | ||
| Q4 25 | $72.7M | $99.3M | ||
| Q3 25 | $89.3M | $-6.3M | ||
| Q2 25 | $7.1M | $53.9M | ||
| Q1 25 | $55.7M | $53.8M | ||
| Q4 24 | $61.1M | $68.0M | ||
| Q3 24 | $83.1M | $54.6M | ||
| Q2 24 | $48.1M | — |
自由现金流LSTRWS
| Q1 26 | — | — | ||
| Q4 25 | $70.5M | $74.6M | ||
| Q3 25 | $86.0M | $-35.7M | ||
| Q2 25 | $4.7M | $8.4M | ||
| Q1 25 | $53.8M | $25.2M | ||
| Q4 24 | $54.4M | $33.2M | ||
| Q3 24 | $75.6M | $33.1M | ||
| Q2 24 | $40.6M | — |
自由现金流率LSTRWS
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 8.6% | ||
| Q3 25 | 7.1% | -4.1% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 4.7% | 3.7% | ||
| Q4 24 | 4.5% | 4.5% | ||
| Q3 24 | 6.2% | 4.0% | ||
| Q2 24 | 3.3% | — |
资本支出强度LSTRWS
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.8% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.2% | 5.5% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.6% | 4.7% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 0.6% | — |
现金转化率LSTRWS
| Q1 26 | — | — | ||
| Q4 25 | 3.04× | 5.28× | ||
| Q3 25 | 4.61× | -0.17× | ||
| Q2 25 | 0.17× | 0.97× | ||
| Q1 25 | 1.87× | 3.90× | ||
| Q4 24 | 1.32× | 5.31× | ||
| Q3 24 | 1.66× | 1.92× | ||
| 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
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
