Landstar System, Inc. (LSTR) vs Pitney Bowes Inc. (PBI)

Landstar System, Inc. and Pitney Bowes Inc. are both Integrated Freight & Logistics companies. Landstar System, Inc. is the larger, with a market value of $5.9B against $2.4B — 2.5× the size. Pitney Bowes Inc. trades at the lower P/E: 13.6× against 44.5×. Landstar System, Inc. grew revenue faster over the last twelve months: 4.03% against −5.31%. Pitney Bowes Inc. has the higher net margin (10.0% vs 2.64%) and the higher return on invested capital (27.8% vs 19.7%). Both pay a dividend; Pitney Bowes Inc. yields more (2.23% vs 2.12%). Across the 22 metrics below, Pitney Bowes Inc. leads on 14 and Landstar System, Inc. on 8.

Valuation

Metric LSTR PBI Integrated Freight & Logistics median
P/E 44.47 13.62 22.48
P/S 1.17 1.25 0.73
P/B 6.96 n/m 1.91
Price to free cash flow 32.41 5.60 13.24
EV/EBITDA 25.39 8.04 9.43
EV/Sales 1.11 2.19 1.10
Earnings yield 2.25% 7.34% (1.27%)
Free cash flow yield 3.09% 17.85% 0.00%

Profitability

Metric LSTR PBI Integrated Freight & Logistics median
Gross margin 22.34% 54.08% 27.04%
Operating margin 3.51% 21.22% 0.92%
Net margin 2.64% 10.04% (0.14%)
Free cash flow margin 3.60% 22.25% 0.00%
Return on equity 14.98% (26.76%) 0.00%
Return on assets 7.65% 5.99% 0.00%
Return on invested capital 19.72% 27.75% 0.00%

Growth

Metric LSTR PBI Integrated Freight & Logistics median
Revenue growth (TTM) 4.03% (5.31%) 6.03%
EPS growth (last fiscal year) (39.93%) 175.00% 7.70%
Revenue growth, 5-year CAGR 2.84% (11.84%) 2.88%
Net income growth, 5-year CAGR (9.75%) 0.00% 0.00%

Health

Metric LSTR PBI Integrated Freight & Logistics median
Debt to equity 0.08 (2.36) 0.14
Current ratio 1.82 0.73 1.58
Net debt to EBITDA (1.90) 3.79 0.41

Dividend

Metric LSTR PBI Integrated Freight & Logistics median
Dividend yield 2.12% 2.23% 1.89%
Payout ratio 0.94 0.31 0.29

Size

Metric LSTR PBI Integrated Freight & Logistics median
Market cap 5.85b 2.37b 65.37m

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