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Landstar System vs Werner Enterprises: LSTR and WERN compared
Landstar System is the larger company: $1.5B of revenue in its latest quarter (Q3 2026) against $951M for Werner Enterprises (Q3 2026). Landstar System is growing faster (+25% against +23% a year earlier). Landstar System is more profitable, with an operating margin of 4.3% against 1.8%.
Where the money goes: LSTR and WERN
Landstar System (LSTR) · Q3 2026
Landstar System, Q3 2026: revenue $1.5B (+25% year over year), operating margin 4.3%, net earnings $48.0M, operating cash flow $70.9M. The chart follows the revenue to costs, profit and cash.
Werner Enterprises (WERN) · Q3 2026
Werner Enterprises, Q3 2026: revenue $951M (+23% year over year), operating margin 1.8%, net earnings $6.6M. The chart follows the revenue to costs, profit and cash.
| Landstar System (LSTR) | Werner Enterprises (WERN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.5B | $951M |
| Revenue growth, Y/Y | +25% | +23% |
| Operating margin | 4.3% | 1.8% |
| Net earnings | $48.0M | $6.6M |
| Net margin | 3.2% | 0.7% |
| Operating cash flow | $70.9M | — |
| Free cash flow | $68.0M | — |
| Market value | $4.8B | $1.6B |
| P/E | 30.3× | — |
| Analysts’ mean target | $179.25 | $36.67 |
Where the revenue comes from
Landstar System
- Transportation Logistics: $1.5B (99%)
- Insurance: $14.7M (1%)
Werner Enterprises
- Truckload Transportation Services: $714M (75%)
- Werner Logistics: $216M (23%)
- Other: $20.1M (2%)
- Corporate: $577K (0%)
Questions
Which is bigger, Landstar System or Werner Enterprises?
Landstar System is the larger company: $1.5B of revenue in its latest quarter (Q3 2026) against $951M for Werner Enterprises (Q3 2026).
Is Landstar System or Werner Enterprises growing faster?
Landstar System is growing faster (+25% against +23% a year earlier).
Which is more profitable, Landstar System or Werner Enterprises?
Landstar System is more profitable, with an operating margin of 4.3% against 1.8%.
More: Landstar System earnings · how Landstar System makes money · Werner Enterprises earnings · how Werner Enterprises makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 8-K filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.