Ryder System, Inc.R
NYSE•Industrials•Rental & Leasing Services
Ryder System, Inc. operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental; maintenance services; digital and technology support services; fuel services; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website. The DTS segment offers transportation, vehicles, drivers, outing and scheduling, fleet design, safety, regulatory compliance, risk management and technology and communication systems support. The SCS segment comprises distribution management services, such as coordinating warehousing and transportation for inbound and outbound material flows; managing import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipment delivery to distribution centers or end delivery points, as well as e-commerce fulfillment. This segment also offers dedicated transportation; transportation management and brokerage; e-commerce and last mile; and contract manufacturing and contract packaging. The company was founded in 1933 and is headquartered in Coral Gables, Florida.
Ryder System, Inc. (R) reported trailing twelve months revenue of $12.66B as of March 2026, a 0.1% decline year-over-year. Quarterly revenue reached $3.13B, reflecting a contraction in sales.
Ryder System, Inc. generated $494.00M in TTM net income, with quarterly EBITDA of $680.00M. The operating margin contracted from 4.5% to 3.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (3.8%) and net margin (3.0%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 3.1% a year ago, reflecting increased costs or interest expense.
R trades at a P/E of 22.2x (in line with broad market averages) and a P/S of 0.9x. The price-to-book ratio of 3.8x reflects a moderate premium to book value.
The company generated $156.00M in free cash flow over the trailing twelve months, a 13.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $16.23B in total assets with $5.97B in long-term debt against $2.86B in stockholders equity for a debt-to-equity ratio of 2.1, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.2% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 16.3% suggests a durable competitive advantage and efficient capital allocation.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~5.0% — no sign of cost or pricing stress.
FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio of 2.1 is elevated. Monitor for further debt accumulation.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 10.1% — net buybacks are reducing shares outstanding and boosting per-share value.