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Ryder System, Inc.

R Industrials Rental & Leasing Services

Ryder System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.7 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 4.95%, EPS grew 8.31%, free cash flow grew 104.0% and total debt fell 3.49%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

238.39 1.77 −0.74%
Market cap
$9.2B
P/E
19.4×
Fwd P/E
18.1×
Dividend yield
1.57%
F-score
7/9
Altman Z
1.53
Beneish M
−3.07
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 41.20
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 12 — — 3 — — — — —
Insider Ownership 3.91%

Capital & Financial Ratios $m

Market Cap 9,210.00
Revenue 12,818.00
Net Income 497.00
Free Cash Flow 1,168.00
Net Debt 7,238.00
Current Ratio 0.65 (below 1: weak)
Debt/Equity 2.59 (above 2: weak)
P/E ratio 19.40
Fwd P/E 18.10
P/S ratio 0.72
P/B ratio 3.18
Past 5Y EPS Growth —
This Y EPS Growth 13.53%
Next Y EPS Growth 20.12% (at or above 15%: strong)
Next Y revenue growth 4.87%
Next 5Y EPS Growth 17.38% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.2×; over the ten years it ranged from 0.8× in 2023 to 1.4× in 2016.
P/E against its own 10 years 88.25%
10-year low 10-year high
P/S against its own 10 years 96.09%
10-year low 10-year high
P/B against its own 10 years 96.35%
10-year low 10-year high
EV/Sales against its own 10 years 75.49%
10-year low 10-year high
EV/FCF against its own 10 years 40.03%
10-year low 10-year high

Dividends

Payout Ratio 0.30
Annual Dividend Rate 3.74
Annual Dividend Yield 1.57%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.58
0.91
0.91
1.01
2025 3.44
0.81
0.81
0.91
0.91
2024 3.04
0.71
0.71
0.81
0.81
2023 2.66
0.62
0.62
0.71
0.71
2022 2.40
0.58
0.58
0.62
0.62
2021 2.28
0.56
0.56
0.58
0.58
2020 2.24
0.56
0.56
0.56
0.56
2019 2.20
0.54
0.54
0.56
0.56
2018 2.12
0.52
0.52
0.54
0.54
2017 1.80
0.44
0.44
0.46
0.46
2016 1.70
0.41
0.41
0.44
0.44
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 204 154 198 219
Receivables 1,714 1,861 1,897 1,997
Inventory — — — —
Other — — — —
2,265 2,463 2,473 2,545
2023 2024 2025 Q'26
Payables 833 828 689 734
ST’ Debt 1,583 1,120 819 1,965
Other — — — —
3,649 3,271 2,778 3,942

Compound Annual Growth %

10y 5y 3y
Sales 6.78% 8.51% 1.78%
Cash Flow 6.05% 3.53% 3.94%
Earnings 5.05% 0.00% (16.82%)
Book Value 4.38% 6.23% 1.29%

Revenue $m

Mar Jun Sep Dec Year
’26 3,126 3,347 — — —
’25 3,131 3,189 3,171 3,174 12,665
’24 3,098 3,182 3,168 3,188 12,636
’23 2,952 2,884 2,924 3,023 11,783
’22 2,854 3,034 3,035 3,088 12,011
’21 2,222 2,382 2,459 2,600 9,663
’20 2,161 1,895 2,151 2,213 8,420
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 583 677 — — —
’25 651 752 442 749 2,594
’24 526 552 629 558 2,265
’23 478 743 621 511 2,353
’22 466 637 683 524 2,310
’21 466 666 554 490 2,175
’20 439 660 598 484 2,181
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 273 410 — — —
’25 259 201 35 450 945
’24 13 58 147 (85) 133
’23 101 (85) 16 (86) (54)
’22 108 436 301 69 914
’21 241 360 227 228 1,056
’20 111 502 606 369 1,587
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.33 3.39 — — —
’25 2.27 3.13 3.32 3.25 11.94
’24 1.89 2.84 3.24 3.12 11.06
’23 2.94 (0.40) 3.47 2.72 8.73
’22 3.35 4.70 4.82 4.18 17.04
’21 0.95 2.77 2.57 3.35 9.66
’20 (2.10) (1.42) 0.68 0.48 (2.34)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 45.12 62.52 44.80 44.90 22.62 60.60 61.71 76.15 106.62 125.54

Analyst estimates 2026–2028

Powerpack
High 85.42 85.77 90.26 67.65 64.71 93.05 97.26 119.47 171.78 200.53
People
People Employees 34,500 36,100 39,600 39,900 39,000 42,800 48,300 47,500 50,700 51,600
Revenue/emp, $m 0.20 0.20 0.21 0.22 0.22 0.23 0.25 0.25 0.25 0.25
Income, $m
Income, $m Revenue 6,758 7,280 8,414 8,926 8,420 9,663 12,011 11,783 12,636 12,665
Gross margin, % 22.22 19.81 17.42 15.36 15.14 18.65 19.90 19.51 19.57 20.18
EBT 407 296 389 (42) (130) 693 1,216 618 661 685
EBT margin, % 6.03 4.07 4.63 (0.47) (1.54) 7.17 10.12 5.24 5.23 5.41
Net income 263 720 285 (24) (122) 519 867 406 489 499
Depreciation 1,226 1,299 1,472 1,980 2,143 1,811 1,831 1,814 1,854 1,859
Per share, $
Per share, $ Revenue 127.48 138.37 160.60 170.51 160.80 184.63 242.41 259.63 293.32 310.42
Earnings 4.90 14.87 5.17 (0.47) (2.34) 9.66 17.04 8.73 11.06 11.94
Cash flow 30.20 30.94 32.79 40.89 41.65 41.56 46.62 51.85 52.58 63.58
Capex (27.99) (27.21) (50.66) (61.46) (11.34) (21.38) (28.17) (53.04) (49.49) (40.42)
Free cash flow 2.21 3.74 (17.87) (20.57) 30.31 20.18 18.45 (1.19) 3.09 23.16
Book value 38.71 54.01 48.42 47.30 43.08 53.46 59.27 67.62 72.36 74.81
Shares, m 53 53 52 52 52 52 50 45 43 41
Valuation, ×
Valuation, × P/E 15.32 5.80 9.31 0.00 0.00 8.55 4.84 12.92 14.14 15.99
P/S 0.59 0.62 0.30 0.32 0.38 0.45 0.34 0.43 0.53 0.62
P/B 1.95 1.60 0.99 1.15 1.43 1.54 1.39 1.67 2.17 2.56
EV/Sales 1.38 1.36 1.08 1.20 1.15 1.10 0.85 1.02 1.14 1.20
EV/FCF 79.61 50.22 (9.73) (9.93) 6.11 10.09 11.13 (222.73) 108.14 16.14
Cash, $m
Cash, $m Operating cash flow 1,601 1,628 1,718 2,141 2,181 2,175 2,310 2,353 2,265 2,594
Capex (1,484) (1,431) (2,654) (3,217) (594) (1,119) (1,396) (2,407) (2,132) (1,649)
Free cash flow 117 197 (936) (1,077) 1,587 1,056 914 (54) 133 945
Balance, $m
Balance, $m Working capital (643) (692) (949) (1,063) (458) (740) (1,116) (1,384) (808) (305)
Total debt 5,391 5,410 6,649 7,925 6,610 6,580 6,352 7,114 7,779 7,645
Net debt 5,332 5,331 6,581 7,851 6,459 6,346 6,085 6,910 7,625 7,447
Shareholders’ equity 2,052 2,842 2,537 2,476 2,256 2,798 2,937 3,069 3,117 3,052
Returns, %
Returns, % ROA 2.41 6.44 2.29 (0.18) (0.89) 3.88 6.14 2.69 3.01 3.02
ROIC 4.62 3.28 4.17 1.70 1.58 4.21 6.68 5.25 5.55 6.25
ROE 13.03 29.41 10.58 (0.97) (5.16) 20.54 30.24 13.52 15.81 16.18
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Ryder System, Inc. vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AER Aercap Holdings N.V. $22.5B 7.1× 8.6× +14.86% (above 0%: growing) −35.77% (below 0%: shrinking) +28.45% (above 0%: growing) 100.00% 58.41% Compare
UHAL U-Haul Holding Company $10.1B 407× 74.7× +3.16% (above 0%: growing) −14.71% (below 0%: shrinking) +71.17% (above 0%: growing) 33.35% 14.90% Compare
R Ryder System, Inc. $9.2B 19.4× 18.1× +4.95% (above 0%: growing) +8.31% (above 0%: growing) +103.98% (above 0%: growing) 19.72% 7.56%
GATX GATX Corporation $5.8B 16.4× 17.1× +34.75% (above 0%: growing) +37.68% (above 0%: growing) +231.20% (above 0%: growing) 72.56% 27.65% Compare
HRI Herc Holdings Inc. $4.2B 82.7× 26.2× +20.16% (above 0%: growing) n/m +100.00% (above 0%: growing) 51.41% 12.21% Compare
CAR Avis Budget Group, Inc. $3.9B — (loss-making) 51.7× −1.35% (below 0%: shrinking) +900.00% (above 0%: growing) −28.24% (below 0%: shrinking) 49.10% 14.81% Compare
EQPT EquipmentShare.com Inc. $3.7B 15.1× 38.5× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.0B — (loss-making) 25.5× +3.92% (above 0%: growing) 0.00% −60.91% (below 0%: shrinking) 61.83% 19.19% Compare
MGRC McGrath RentCorp $2.8B 18.2× 17.0× −6.16% (below 0%: shrinking) −5.48% (below 0%: shrinking) −124.93% (below 0%: shrinking) 48.80% 24.10% Compare
Median of peers $4.0B 17.3× 25.9× +9.39% −2.74% +5.71% 50.26% 17.05%

All 20 Rental & Leasing Services stocks →

Ryder System, Inc. (R) key facts

  • Strength: Net income was $499.0 million, or $11.94 per share (basic), a net margin of 3.94%.
  • Ryder System, Inc. (R) is a Rental & Leasing Services company in the Industrials sector, listed on the New York Stock Exchange.
  • Ryder System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.7 billion, roughly unchanged from fiscal 2024.
  • As of October 16, 2026, R traded at $238.39, a market capitalization of $9.2 billion.
  • At that price the stock trades at 19.4× trailing-twelve-month earnings and 0.7× sales; its P/E is higher than 88% of its own readings over the past ten years.
  • Ryder System, Inc. pays an annual dividend of $3.74 per share, a yield of 1.57%, with a payout ratio of 30.4%.
  • Return on equity was 16.2% and debt-to-equity 2.59.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.53 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Ryder System, Inc. (R) Latest News

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stockrow.com/R · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com