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 $5.6B against $2.2B — 2.5× the size. Pitney Bowes Inc. trades at the lower P/E: 13.1× against 42.4×. 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 (6.38% vs 0.66%). 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 42.41 13.10 21.28
P/S 1.11 1.20 0.71
P/B 6.64 n/m 1.67
Price to free cash flow 30.91 5.39 15.27
EV/EBITDA 24.16 7.87 8.95
EV/Sales 1.06 2.14 1.06
Earnings yield 2.36% 7.63% (1.34%)
Free cash flow yield 3.24% 18.55% 0.00%

Profitability

Metric LSTR PBI Integrated Freight & Logistics median
Gross margin 22.34% 54.08% 26.33%
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% —
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) 0.12
Current ratio 1.82 0.73 1.57
Net debt to EBITDA (1.90) 3.79 0.86

Dividend

Metric LSTR PBI Integrated Freight & Logistics median
Dividend yield 0.66% 6.38% 2.25%
Payout ratio 0.13 1.11 0.13

Size

Metric LSTR PBI Integrated Freight & Logistics median
Market cap 5.61b 2.24b 56.42m

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