Landstar System, Inc. (LSTR) vs ZTO Express (Cayman) Inc. (ZTO)

Landstar System, Inc. and ZTO Express (Cayman) Inc. are both Integrated Freight & Logistics companies. ZTO Express (Cayman) Inc. is the larger, with a market value of $11.4B against $4.9B — 2.3× the size. ZTO Express (Cayman) Inc. trades at the lower P/E: 11.0× against 30.8×. ZTO Express (Cayman) Inc. grew revenue faster over the last twelve months: 24.8% against 10.6%. ZTO Express (Cayman) Inc. has the higher net margin (19.0% vs 3.03%) and the lower return on invested capital (13.0% vs 23.9%). Both pay a dividend; Landstar System, Inc. yields more (2.50% vs 1.87%). Across the 22 metrics below, ZTO Express (Cayman) Inc. leads on 12 and Landstar System, Inc. on 10.

Valuation

Metric LSTR ZTO Integrated Freight & Logistics median
P/E 30.80 10.99 22.50
P/S 0.93 2.01 0.46
P/B 5.93 1.70 1.75
Price to free cash flow 29.91 n/m 18.31
EV/EBITDA 18.18 8.75 9.01
EV/Sales 0.88 1.84 0.88
Earnings yield 3.25% 9.10% (1.15%)
Free cash flow yield 3.34% (1.87%) 0.00%

Profitability

Metric LSTR ZTO Integrated Freight & Logistics median
Gross margin 22.18% 25.10% 25.10%
Operating margin 4.05% 20.98% 0.92%
Net margin 3.03% 19.02% (0.14%)
Free cash flow margin 3.10% (3.77%) 0.00%
Return on equity 18.66% 16.37% 0.00%
Return on assets 9.24% 10.88% 0.00%
Return on invested capital 23.88% 13.03% 0.00%

Growth

Metric LSTR ZTO Integrated Freight & Logistics median
Revenue growth (TTM) 10.59% 24.75% 9.95%
EPS growth (last fiscal year) (39.93%) 8.84% 5.86%
Revenue growth, 5-year CAGR 2.84% 12.69% 2.84%
Net income growth, 5-year CAGR (9.75%) 14.46% 0.00%

Health

Metric LSTR ZTO Integrated Freight & Logistics median
Debt to equity 0.10 0.34 0.12
Current ratio 1.79 1.67 1.58
Net debt to EBITDA (1.90) (1.05) 0.67

Dividend

Metric LSTR ZTO Integrated Freight & Logistics median
Dividend yield 2.50% 1.87% 1.96%
Payout ratio 0.77 0.21 0.29

Size

Metric LSTR ZTO Integrated Freight & Logistics median
Market cap 4.91b 11.38b 81.31m

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