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Ryder System Inc (R) stock

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NYSE: R NYSE Cargo Ground Transportation Next results ~February 10, 2027

C+ Fundamentals grade

Ryder System Inc is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($9.09) was left out of our combined valuation (it is 0.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($9.09) was left out of our combined valuation (it is 0.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Ryder System Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 12 selling0 purchases and 44 sales by directors and officers, last 12 monthsInsider trades
  • Funds300 adding, 220 cuttingOf 59 active managers that changed their stake, 36 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ryder System files

10-Q filed October 22: Ryder System

Revenue for the twelve months to September 2026 reached $13.1bn, up 3.2% on a year earlier. That marks an acceleration from the 1.1% growth seen a quarter earlier. More striking is the swing in free-cash-flow margin, which climbed to 7.3% from -0.7% a year ago. A 6.9% reduction in the diluted share count over the same period lifts the value attached to each remaining share. Set against all of this, our cash-flow model points to a value of $7.46 a share, while the stock currently trades at $266.

Our model value for Ryder System is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Ryder System stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $12.8bn, up 1.1% on a year earlier, faster than -0.1% a quarter earlier. That puts it 792 of 931 for growth among all the companies we cover. Free-cash-flow margin rose to 5.4% from 0.2% a year earlier. The diluted share count is down 6.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 2 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Ryder System Inc's trailing-twelve-month revenue grew 3.2% year on year, with a free-cash-flow margin of 7.3%. Where it stands out: change in share count of -6.9% ranks 1 of 18 cargo ground transportation companies we cover. Where it lags: long-term debt as % of assets of 34.2% ranks 14 of 17 cargo ground transportation companies we cover.

Our discounted-cash-flow model values the business at ~$9.1 per share in the base case (—–$73 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 7.3% is in the 95th percentile of its own history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 6.9% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Insiders selling. 12 insiders sold $51M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 34.2% ranks 14 of 17 cargo ground transportation companies we cover (median 11.5%).

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$4.33 against an average estimate of $4.15: beat by 4.3%
Revenue
$3.43bn, up 8.3% on a year earlier
Share reaction
+12.7% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
ROE (non-GAAP) 18% to 19% (Full Year 2026); comparable EPS (non-GAAP) $14.85 to $15.05 (Full Year 2026)
Next report
October 22, 2026; average EPS estimate $4.42

Ryder System's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+1.2%
  • 1 month+20.4%
  • This year+51.1%
  • 1 year+71.8%
  • 5 years+263.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.1B
Net margin
4.0%
EPS (TTM, diluted)
$13.15

Growth

Revenue growth
+3.2%
Change in growth rate
+2.0 pts
Share count change
−6.9%

Cash

Free cash flow (TTM)
$954M
FCF margin
7.3%
Stock pay % of revenue
0.3%

Earnings

Last results
October 22, 2026
Next results (est.)
February 10, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Announcement
  3. Insider trade
  4. Insider trade
  5. Our research
  6. Results
  7. Guidance
  8. Announcement
  9. Dividend
  10. Product
  11. Announcement
  12. Leadership
  13. Announcement
  14. Announcement
  15. Announcement
  16. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ryder System Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($9.09) was left out of our combined valuation (it is 0.03x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Ryder System Inc's free cash flow after stock-based pay ( $404M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Ryder System Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$9.1 Left out: out of range vs price (0.03x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$300 ~$270–$440 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$220 ~$160–$310 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$200 ~$180–$240 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ryder System Inc with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$41.29$55.50$64.31$37.93$44.53$53.50$73.62$76.84$108.82$151.81$189.06$285.58
Market value$2.2bn$3.0bn$3.4bn$2.0bn$2.3bn$2.8bn$3.9bn$3.9bn$5.1bn$6.7bn$7.9bn$11.3bn
+ Net debt (− = net cash)$5.5bn$5.5bn$5.4bn$6.6bn$8.3bn$6.5bn$6.4bn$6.1bn$7.0bn$7.7bn$7.5bn$7.1bn
Enterprise value$7.7bn$8.4bn$8.8bn$8.6bn$10.6bn$9.3bn$10.3bn$10.1bn$12.0bn$14.4bn$15.4bn$18.3bn
Multiples
Price / sales 0.3x0.4x0.5x0.2x0.3x0.3x0.4x0.3x0.4x0.5x0.6x0.9x
Price / earnings 7.2x11.3x4.7x7.0x——7.6x4.5x12.5x13.7x15.8x21.7x
Price / free cash flow —————2.7x16.8x———17.2x11.8x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Ryder System's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.0% of total assets over 10 years.

  • Durability 0 / 20

    Net margin has been a median 3.9%; its worst year was -2.4%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -1.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 25.6% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $14.94 +16% $13.4bn +6%
Next $18.13 +21% $14.1bn +6%

Next year's EPS estimate has moved +2.3% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.8% on 90 days ago. In the last 30 days, 4 analysts raised Ryder System Inc's forecast and 3 cut it.

Consensus EPS forecast Ryder System Inc, last 90 days
$14.00 $15.00 $16.00 $17.00 $18.00 $19.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $14.67 Current fiscal year, 60 days ago: $14.67 Current fiscal year, 30 days ago: $14.67 Current fiscal year, 7 days ago: $14.67 Current fiscal year, Now: $14.94 $14.94 Next fiscal year, 90 days ago: $17.72 Next fiscal year, 60 days ago: $17.72 Next fiscal year, 30 days ago: $17.72 Next fiscal year, 7 days ago: $17.62 Next fiscal year, Now: $18.13 $18.13

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $14.67$17.72
60 days ago $14.67$17.72
30 days ago $14.67$17.72
7 days ago $14.67$17.62
Now $14.94$18.13

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $4.15 $4.33 +4.3%
Jun 2026 $3.69 $3.73 +1.0%
Mar 2026 $2.27 $2.54 +11.7%
Dec 2025 $3.57 $3.59 +0.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Operating revenue (non-GAAP) growth Full Year 2026 about 3% growth Non-GAAP Maintained
    “Operating revenue (non-GAAP) growth remains at 3%, primarily driven by SCS” source
  • Total Revenue Growth Full Year 2026 about 5% growth Raised vs about 3
    “Total Revenue Growth 5%” source
  • Comparable EPS (non-GAAP) Full Year 2026 $14.85 to $15.05 Non-GAAP Raised
    “Comparable EPS (non-GAAP) range raised to $14.85 - $15.05” source
  • FY26 GAAP EPS (includes ~$4.30 non-cash pension settlement charges) Full Year 2026 $9.75 to $9.95 GAAP Lowered vs 13.5 to 13.9
    “FY26 GAAP EPS (includes ~$4.30 non-cash pension settlement charges) (1) $9.75 - $9.95” source
  • 4Q26 GAAP EPS (includes ~$4.30 non-cash pension settlement charges) Fourth Quarter 2026 $-0.15 to $0.05 GAAP
    “4Q26 GAAP EPS (includes ~$4.30 non-cash pension settlement charges) (1) $(0.15) - $0.05” source
  • 4Q26 Comparable EPS (non-GAAP) Fourth Quarter 2026 $4.25 to $4.45 Non-GAAP
    “4Q26 Comparable EPS (non-GAAP) $4.25 - $4.45” source
Show 5 more items
  • ROE (non-GAAP) Full Year 2026 18% to 19% Non-GAAP Raised
    “ROE (non-GAAP) raised to 18% - 19%” source
  • Net cash provided by operating activities from continuing operations Full Year 2026 about $2.6bn Maintained
    “Net cash provided by operating activities from continuing operations remains at $2.6 billion and free cash flow (non-GAAP) unchanged at $700 million - $800 million” source
  • Free cash flow (non-GAAP) Full Year 2026 $700m to $800m Non-GAAP Maintained
    “Net cash provided by operating activities from continuing operations remains at $2.6 billion and free cash flow (non-GAAP) unchanged at $700 million - $800 million” source
  • Capital expenditures forecast Full Year 2026 about $2.4bn Maintained
    “Full-year capital expenditures forecast remains unchanged at $2.4 billion, as higher second half 2026 rental investments are offset by lower lease spending reflecting the timing of lease sales activity.” source
  • Debt-to-Equity Full Year 2026 about 245% Maintained vs about 245
    “Debt-to-Equity 245%” source

How earlier guidance turned out

  • 3Q26 GAAP EPS, Third Quarter 2026 guided $3.80 to $4.00 Above range: $4.15

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Ryder System Inc's revenue by +5.6% next year and +4.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.7%, weight 55%) , management guidance (+5.9%, weight 19%) and the company's own record (+3.3%, weight 26%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy873%
Hold327%
Sell00%

Monthly trend

  1. Oct 202635311
  2. Sep 202624511
  3. Aug 202625411

Counts of recommendations published by analysts covering Ryder System Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.5%
of tradable shares
Days to cover
3.34
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
3.1%
of shares
Employees
51,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +71.8%

$166.27 on October 31, 2025 to $285.58

ThenNowEffect
Revenue (last 12 months) $12.7bn $12.8bn +1.1%
Net margin 4.0% 3.9% −3.1%
P/E multiple 14.1x 23.2x +63.9%
Share count 43m 40m +6.9%

Biggest factor: p/e multiple.

Last 3 years +201.6%

$94.69 on November 3, 2023 to $285.58

ThenNowEffect
Revenue (last 12 months) $12.0bn $12.8bn +7.2%
Net margin 4.8% 3.9% −19.2%
P/E multiple 8.0x 23.2x +189.7%
Share count 48m 40m +20.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
R+38%+4%+42%+40%+25%+51%
Industry peers (median)+36%−13%+11%−11%−14%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
R75%50%67%83%75%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
R−20%−25%−22%−12%−24%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 72% from January 12, 2018 to April 3, 2020. Getting back needed a 261% gain, reached on March 11, 2021, 342 days after the low.

Price behaviour

52-week range
$160.52 – $285.58
From 52-week high
0.0%
vs 50-day average
+16.2%
vs 200-day average
+20.5%
Volatility (1 year)
32%
Beta vs S&P 500
0.98

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.2%
After a week
8 up, 4 down
typical move ±6.5%
After a month
6 up, 5 down
typical move ±9.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +12.7% −1.7% +16.8% —
July 23, 2026 −3.1% −1.1% −6.6% −9.6%
April 23, 2026 +11.3% +0.4% +11.5% +7.6%
February 11, 2026 −2.0% −1.6% +3.8% −11.1%
October 23, 2025 −11.8% +1.4% −7.3% −7.5%
July 24, 2025 +5.7% +0.5% +2.8% +8.5%
April 23, 2025 +0.8% +3.7% −0.2% +9.5%
February 12, 2025 +1.8% +0.7% +5.5% −10.6%
October 24, 2024 −3.6% +0.2% +0.9% +14.8%
July 25, 2024 +1.8% +0.6% +6.5% +10.2%
April 23, 2024 +12.1% +1.1% +11.8% +11.7%
February 14, 2024 −7.6% +1.6% −4.4% −4.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Ryder System Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ryder System Inc
$11.5B $12B $12.5B $13B $13.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $11.8B Revenue (TTM), FY24 Q1: $11.9B Revenue (TTM), FY24 Q2: $12.2B Revenue (TTM), FY24 Q3: $12.5B Revenue (TTM), FY24 Q4: $12.6B Revenue (TTM), FY25 Q1: $12.7B Revenue (TTM), FY25 Q2: $12.7B Revenue (TTM), FY25 Q3: $12.7B Revenue (TTM), FY25 Q4: $12.7B Revenue (TTM), FY26 Q1: $12.7B Revenue (TTM), FY26 Q2: $12.8B Revenue (TTM), FY26 Q3: $13.1B $13.1B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $11.8B
FY24 Q1 $11.9B
FY24 Q2 $12.2B
FY24 Q3 $12.5B
FY24 Q4 $12.6B
FY25 Q1 $12.7B
FY25 Q2 $12.7B
FY25 Q3 $12.7B
FY25 Q4 $12.7B
FY26 Q1 $12.7B
FY26 Q2 $12.8B
FY26 Q3 $13.1B
Revenue growth, TTM YoY Ryder System Inc
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.9% Revenue growth, TTM YoY, FY24 Q1: -1.5% Revenue growth, TTM YoY, FY24 Q2: 2.2% Revenue growth, TTM YoY, FY24 Q3: 5.3% Revenue growth, TTM YoY, FY24 Q4: 7.2% Revenue growth, TTM YoY, FY25 Q1: 6.2% Revenue growth, TTM YoY, FY25 Q2: 3.7% Revenue growth, TTM YoY, FY25 Q3: 1.7% Revenue growth, TTM YoY, FY25 Q4: 0.2% Revenue growth, TTM YoY, FY26 Q1: -0.1% Revenue growth, TTM YoY, FY26 Q2: 1.1% Revenue growth, TTM YoY, FY26 Q3: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.9%
FY24 Q1 -1.5%
FY24 Q2 2.2%
FY24 Q3 5.3%
FY24 Q4 7.2%
FY25 Q1 6.2%
FY25 Q2 3.7%
FY25 Q3 1.7%
FY25 Q4 0.2%
FY26 Q1 -0.1%
FY26 Q2 1.1%
FY26 Q3 3.2%
FCF margin (TTM) Ryder System Inc
-10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -7.5% FCF margin (TTM), FY24 Q1: -7.4% FCF margin (TTM), FY24 Q2: -5.7% FCF margin (TTM), FY24 Q3: -3.9% FCF margin (TTM), FY24 Q4: -3.3% FCF margin (TTM), FY25 Q1: -1.0% FCF margin (TTM), FY25 Q2: 0.2% FCF margin (TTM), FY25 Q3: -0.7% FCF margin (TTM), FY25 Q4: 3.6% FCF margin (TTM), FY26 Q1: 3.8% FCF margin (TTM), FY26 Q2: 5.4% FCF margin (TTM), FY26 Q3: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -7.5%
FY24 Q1 -7.4%
FY24 Q2 -5.7%
FY24 Q3 -3.9%
FY24 Q4 -3.3%
FY25 Q1 -1.0%
FY25 Q2 0.2%
FY25 Q3 -0.7%
FY25 Q4 3.6%
FY26 Q1 3.8%
FY26 Q2 5.4%
FY26 Q3 7.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4.9 5.1 6.1 6.3 6.4 6.6 6.6 6.8 7.3 8.4 8.9 8.4 9.7 12.0 11.8 12.6 12.7 13.1
Gross profit — — — — — — — 4.2 4.3 — — — — — — — — —
Net income 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.7 0.3 −0.0 −0.1 0.5 0.9 0.4 0.5 0.5 0.5
Diluted EPS $1.11 $2.25 $3.28 $3.90 $4.53 $4.11 $5.71 $4.91 $13.53 $5.38 −$0.47 −$2.34 $9.66 $17.04 $8.73 $11.06 $11.94 $13.15
Growth (year on year)
Revenue −18.5% +5.1% +17.8% +3.4% +2.6% +3.4% −1.0% +2.8% +7.7% +15.6% +6.1% −5.7% +14.8% +24.3% −1.9% +7.2% +0.2% +3.2%
Net income −69.0% — +43.7% +23.5% +13.4% −8.2% +39.6% −13.7% +173.6% −60.5% −108.6% — — +67.1% −53.2% +20.4% +2.0% +3.6%
Diluted EPS −68.3% — +45.8% +18.9% +16.2% −9.3% +38.9% −14.0% +175.6% −60.2% −108.7% — — +76.4% −48.8% +26.7% +8.0% +11.3%
Margins
Gross margin — — — — — — — 61.9% 59.2% — — — — — — — — —
Net margin 1.3% 2.3% 2.8% 3.4% 3.7% 3.3% 4.6% 3.9% 9.9% 3.4% −0.3% −1.4% 5.4% 7.2% 3.4% 3.9% 3.9% 4.0%
Free-cash-flow margin 6.8% −0.8% −10.9% −15.6% −13.6% −13.2% −18.7% −4.5% −3.2% −15.8% −17.9% 12.3% 2.4% −2.7% −7.5% −3.3% 3.6% 7.3%
Cash flow
Cash from operations 1.0 1.0 1.0 1.2 1.3 1.4 1.4 1.6 1.6 1.7 2.1 2.2 2.2 2.3 2.4 2.3 2.6 2.7
Capital spending 0.7 1.1 1.7 2.1 2.1 2.3 2.7 1.9 1.9 3.1 3.7 1.1 1.9 2.6 3.2 2.7 2.1 1.8
Free cash flow 0.3 −0.0 −0.7 −1.0 −0.9 −0.9 −1.2 −0.3 −0.2 −1.3 −1.6 1.0 0.2 −0.3 −0.9 −0.4 0.5 1.0
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.3 −0.1 −0.7 −1.0 −0.9 −0.9 −1.2 −0.3 −0.3 −1.4 −1.6 1.0 0.2 −0.4 −0.9 −0.5 0.4 0.9
Balance sheet
Cash 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.2 0.2 0.2 0.2
Total debt 2.5 2.7 3.4 3.8 4.3 4.7 5.5 5.5 5.4 6.7 8.4 6.6 6.6 6.4 7.2 7.8 7.7 7.2
Net debt (negative = net cash) 2.4 2.5 3.3 3.8 4.2 4.7 5.5 5.5 5.4 6.6 8.3 6.5 6.4 6.1 7.0 7.7 7.5 7.1
Diluted shares 55m 52m 51m 51m 52m 53m 53m 53m 53m 53m 52m 52m 54m 51m 46m 44m 42m 40m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2
Buybacks 0.1 0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.6 0.3 0.3 0.5 0.5
Total returned 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.1 0.2 0.1 0.1 0.1 0.2 0.7 0.5 0.5 0.7 0.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · September 30, 2026
What it owns · $16.2bn
Short-term assets $2.6bnLonger-term assets $13.6bn
What it owes, and who funded it · $16.2bn
Short-term liabilities $3.9bnLonger-term liabilities $9.3bnShareholders' equity $3.0bn
  • Short-term assets cover short-term liabilities $2.6bn of assets due within a year against $3.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.6bn short-term assets against $9.3bn of longer-dated liabilities.
  • More cash than debt $198m of cash against $7.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 242% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 197% to 242% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.7bn of operating cash flow against $7.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ryder System Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$541M
Dividends (TTM)
$150M
Returned to shareholders
72%
of free cash flow
Buybacks, last 3 fiscal years
$1.2B
Diluted share count
−6.9%
year over year
Total shareholder yield
6.3%
dividends 1.4% + buybacks 5.0% of market value
Dividend payout ratio
29%
of net income paid out
Sales & admin spending
11.4%
of revenue

Competitors: side by side with peers

Closest by revenue in cargo ground transportation
Last 12 months unless stated R JBHT XPO KNX TFII SNDR Median
Revenue, last 12 months $13.1bn $13.3bn $8.8bn $8.0bn $7.9bn $6.0bn $3.5bn
Revenue growth, last 12 months 3.2% 10.6% 9.5% 7.0% −6.1% 6.0% 7.0%
Revenue growth, 3-year average 3.4% 0.4% 5.0% 4.8% — 1.5% −0.8%
Revenue growth, latest quarter 8.3% 20.4% 12.4% 14.2% — 9.2% 10.4%
Gross margin — — 18.6% — — 57.9% 18.6%
Operating margin — 7.2% 9.9% 4.2% 7.2% 3.4% 3.2%
Operating margin, 3-year average — 6.9% 8.6% 3.4% — 3.1% 3.4%
Net margin 4.0% 5.1% 5.7% 1.9% 3.9% 2.4% 3.0%
Cash from operations / revenue 20.9% 11.2% 12.8% 19.0% 12.4% 9.9% 9.9%
Free-cash-flow margin 7.3% 7.3% 7.4% 9.6% 8.9% 4.3% 3.0%
Free-cash-flow margin, 3-year average 0.9% 5.8% 0.2% 3.8% — 4.2% 0.9%
Stock pay / revenue 0.3% 0.5% 0.9% 0.3% 0.2% 0.3% 0.3%
Change in share count −6.9% −4.2% −1.5% 0.4% −2.1% 0.1% −1.5%

Median of all 19 companies we cover in cargo ground transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

19 cargo ground transportation companies
Measure Company Peer median Rank
Revenue growth Growth 3.2% 7.0% 13 of 19
Change in growth rate Growth +2.0pp +3.0pp 14 of 19
Net margin Profitability 4.0% 3.0% 7 of 18
Free-cash-flow margin Cash generation 7.3% 3.0% 6 of 19
Stock pay as % of revenue Cash generation 0.3% 0.3% 11 of 15
Long-term debt as % of assets Balance sheet 34.2% 11.5% 14 of 17
Change in share count Balance sheet -6.9% -1.5% 1 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Services $8.4B ▲ 0.4%
Fuel Services $406M ▼ 11.0%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $11.8B 93.0% ▲ 0.1%
Canada $548M 4.3% ▲ 1.9%
Mexico $335M 2.6% ▲ 3.1%

From Ryder System Inc's 10-K filed February 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.2B
Institutions reporting
577
Shares held vs prior quarter
▼ 0.7%
Positions opened / closed
93 / 41

Top buyers and sellers, Q2 2026: 300 institutions bought and 220 sold ; the biggest buyer was Goldman Sachs Group Inc (+489K shares) and the biggest seller Jpmorgan Chase & Co (−889K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 4.0M 11.5% ▼ 0.4%
Vanguard Portfolio Management LLC $696M 2.6M 7.6% ▼ 4.0%
State Street Corp $469M 1.8M 5.1% ▼ 4.2%
Vanguard Capital Management LLC $444M 1.7M 4.8% ▲ 2.6%
Dimensional Fund Advisors LP $423M 1.6M 4.6% ▼ 1.1%
Earnest Partners LLC $390M 1.5M 4.2% ▼ 2.6%
LSV Asset Management $297M 1.1M 3.2% ▼ 11.2%
Wellington Management Group LLP $229M 867K 2.5% ▼ 50.1%
Goldman Sachs Group Inc $228M 866K 2.5% ▲ 130.1%
American Century Companies Inc $227M 859K 2.5% ▼ 4.5%
First Trust Advisors LP $209M 793K 2.3% ▼ 21.5%
Bank Of America Corp $208M 787K 2.3% ▲ 0.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ryder System Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $51.3M 44 trades by 12 insiders · 0% under pre-set plans
Net ▼ $51.3M net selling
Insider Date Trade Shares Price Value
Gallo-Aquino Cristina EVP and CFO October 29, 2026 Sell 1,238 $276.85 $342,740
Sanchez Robert E Director October 28, 2026 Sell 1,653 $280.01 $462,857
Sanchez Robert E Director October 27, 2026 Sell 1,539 $282.22 $434,337
Sanchez Robert E Director October 27, 2026 Sell 6,535 $281.50 $1.8M
Sanchez Robert E Director October 27, 2026 Sell 13,326 $280.44 $3.7M
Sanchez Robert E Director October 27, 2026 Sell 4,950 $283.00 $1.4M
Sanchez Robert E Director October 26, 2026 Sell 6,611 $283.57 $1.9M
Fatovic Robert D EVP, CLO & Corp. Secretary May 29, 2026 Sell 5,000 $249.85 $1.2M
Hodes Sanford J. SVP, C Procur Of, Corp Dev Of May 28, 2026 Sell 595 $251.95 $149,910
Nieto Luis P Jr Director May 4, 2026 Sell 720 $235.79 $169,769
Diez John J. President and COO February 25, 2026 Sell 9,632 $222.20 $2.1M
Sanchez Robert E Chair and CEO February 24, 2026 Sell 676 $223.86 $151,329

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in Ryder System Inc disclosed in the last 12 months; 7 earlier trades on record.

  • Virginia Foxx(R-NC 5):Sale (full), $15,001 - $50,000, traded April 8, 2022, filed May 4, 2022
  • Virginia Foxx(R-NC 5):Purchase, $15,001 - $50,000, traded March 28, 2022, filed January 3, 2023
  • Marie Newman(D-IL 3):Purchase, $15,001 - $50,000, traded September 7, 2021, filed October 6, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • February 11, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Ryder System Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ryder System Inc in brief

What does Ryder System Inc do?
Ryder System Inc is a US-listed company in the cargo ground transportation industry. Its financial year ends in December.
What is Ryder System Inc's stock ticker?
Ryder System Inc trades under the ticker R on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ryder System Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ryder System Inc reported revenue of $13.1B, 3.2% higher than a year earlier, according to its SEC filings.
What is Ryder System Inc's free cash flow?
Ryder System Inc's free-cash-flow margin is 7.3% of revenue over the trailing twelve months, ranking 6 of the 19 cargo ground transportation companies we cover.
Who are Ryder System Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Ryder System Inc buying back stock, and does it pay a dividend?
Ryder System Inc spent $541M on share repurchases over the trailing twelve months, and its diluted share count fell 6.9% over the year.
What is Ryder System Inc's market cap?
On November 2, 2026, Ryder System Inc's market capitalisation was about $11.3B, with a price-to-earnings ratio of 21.7 and net debt of $7.1B. Market figures come from third-party market data and may be delayed.
Does Ryder System Inc pay a dividend?
Yes: Ryder System Inc paid $150M in dividends over the trailing twelve months, a dividend yield of 1.37% and a payout ratio of 28.8%.
How much debt does Ryder System Inc have?
Ryder System Inc's debt-to-equity ratio is 242.0%, from its latest balance sheet (197.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Ryder System Inc's competitors?
In our Cargo Ground Transportation peer group, the companies closest to Ryder System Inc are J.B. Hunt, XPO, Inc., Knight-swift Transportation Holdings Inc., TFI International Inc. and Schneider National, Inc. The side-by-side comparison below sets their revenue, margins and growth against Ryder System Inc's.
Are insiders buying or selling Ryder System Inc stock?
Over the last 12 months, Ryder System Inc's directors and officers reported 0 open-market purchases and 44 sales on Form 4. The insider trading page charts every trade.
When is Ryder System Inc's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ryder System Inc announces its own schedule.