Ryder System (R)
Market Price (9/29/2026): $228.76 | Market Cap: $8.8 BilSector: Industrials | Industry: Cargo Ground Transportation
Ryder System (R)
Market Price (9/29/2026): $228.76Market Cap: $8.8 BilSector: IndustrialsIndustry: Cargo Ground Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 7.6% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 2.5 Bil Stock buyback supportStock Buyback 3Y Total is 1.4 Bil Low stock price volatilityVol 12M is 33% Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Automation & Robotics, and E-commerce & Digital Retail. Themes include Supply Chain Digitization, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 92% Key risksR key risks include [1] material financial write-downs from inaccurate residual value estimates for its large vehicle fleet. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 7.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 2.5 Bil |
| Stock buyback supportStock Buyback 3Y Total is 1.4 Bil |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Automation & Robotics, and E-commerce & Digital Retail. Themes include Supply Chain Digitization, Show more. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 92% |
| Key risksR key risks include [1] material financial write-downs from inaccurate residual value estimates for its large vehicle fleet. |
Qualitative Assessment
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Ryder System (R) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Profit-taking and valuation concerns post-strong fiscal Q2 2026 earnings. Ryder System's stock reached an all-time high of $284.25 on June 11, 2026, prior to its fiscal Q2 2026 earnings report on July 23, 2026. Despite beating analyst expectations with comparable EPS increasing 12% to $3.73 and total revenue rising 5% to $3.3 billion, and raising full-year 2026 comparable EPS guidance to $14.40 - $14.80, the stock experienced a short-term decline. This suggests that investors may have engaged in profit-taking after the recent highs, or that some analysts perceive the stock as overvalued, with one estimating a fair value of $205 compared to the trading price of around $246 in late August.
2. Notable insider selling activity. Several key insiders at Ryder System engaged in substantial stock sales exceeding the $5 million threshold in the months leading up to and during the specified period. For example, the Chairman and CEO, Robert E. Sanchez, sold over $9.1 million worth of shares in February 2026, and E. Smith sold $6.7 million worth of shares in the last 12 months (reported prior to June 4, 2026). Such significant insider selling can sometimes be interpreted by the market as a lack of strong conviction in the stock's near-term growth potential, contributing to negative sentiment and downward price pressure.
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Ryder System (R) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Profit-taking and valuation concerns post-strong fiscal Q2 2026 earnings. Ryder System's stock reached an all-time high of $284.25 on June 11, 2026, prior to its fiscal Q2 2026 earnings report on July 23, 2026. Despite beating analyst expectations with comparable EPS increasing 12% to $3.73 and total revenue rising 5% to $3.3 billion, and raising full-year 2026 comparable EPS guidance to $14.40 - $14.80, the stock experienced a short-term decline. This suggests that investors may have engaged in profit-taking after the recent highs, or that some analysts perceive the stock as overvalued, with one estimating a fair value of $205 compared to the trading price of around $246 in late August.
2. Notable insider selling activity. Several key insiders at Ryder System engaged in substantial stock sales exceeding the $5 million threshold in the months leading up to and during the specified period. For example, the Chairman and CEO, Robert E. Sanchez, sold over $9.1 million worth of shares in February 2026, and E. Smith sold $6.7 million worth of shares in the last 12 months (reported prior to June 4, 2026). Such significant insider selling can sometimes be interpreted by the market as a lack of strong conviction in the stock's near-term growth potential, contributing to negative sentiment and downward price pressure.
3. Mixed performance in specific business segments and evolving industry dynamics. While the Fleet Management Solutions (FMS) segment demonstrated strong Earnings Before Tax (EBT) growth of 20% in fiscal Q2 2026, partly driven by improved used vehicle sales, the Supply Chain Solutions (SCS) segment experienced a 7% decline in EBT despite revenue growth, and the Dedicated Transportation Solutions (DTS) segment also saw modest declines in both revenue and EBT. This mixed performance across Ryder's core segments, alongside a projected softer U.S. import outlook for fiscal Q3 2026 with total U.S. imports anticipated to decline by 6.4% in July and 8.6% in August year-over-year, could have contributed to investor caution regarding future profitability despite a tightening overall freight market.
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Stock Movement Drivers
Fundamental Drivers
The -6.4% change in R stock from 5/31/2026 to 9/28/2026 was primarily driven by a -8.5% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 249.84 | 233.93 | -6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,686 | 12,853 | 1.3% |
| Net Income Margin (%) | 3.9% | 3.9% | -0.9% |
| P/E Multiple | 19.8 | 18.1 | -8.5% |
| Shares Outstanding (Mil) | 39 | 38 | 2.0% |
| Cumulative Contribution | -6.4% |
Market Drivers
5/31/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| R | -6.4% | |
| Market (SPY) | 1.5% | 39.8% |
| Sector (XLI) | -2.3% | 48.5% |
Fundamental Drivers
The 6.4% change in R stock from 2/28/2026 to 9/28/2026 was primarily driven by a 3.5% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 219.79 | 233.93 | 6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,688 | 12,853 | 1.3% |
| Net Income Margin (%) | 3.9% | 3.9% | -1.9% |
| P/E Multiple | 17.5 | 18.1 | 3.5% |
| Shares Outstanding (Mil) | 40 | 38 | 3.5% |
| Cumulative Contribution | 6.4% |
Market Drivers
2/28/2026 to 9/28/2026| Return | Correlation | |
|---|---|---|
| R | 6.4% | |
| Market (SPY) | 12.2% | 45.8% |
| Sector (XLI) | -4.2% | 57.0% |
Fundamental Drivers
The 27.0% change in R stock from 8/31/2025 to 9/28/2026 was primarily driven by a 21.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 184.25 | 233.93 | 27.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,717 | 12,853 | 1.1% |
| Net Income Margin (%) | 4.0% | 3.9% | -3.0% |
| P/E Multiple | 14.9 | 18.1 | 21.7% |
| Shares Outstanding (Mil) | 41 | 38 | 6.5% |
| Cumulative Contribution | 27.0% |
Market Drivers
8/31/2025 to 9/28/2026| Return | Correlation | |
|---|---|---|
| R | 27.0% | |
| Market (SPY) | 20.0% | 43.2% |
| Sector (XLI) | 12.5% | 51.5% |
Fundamental Drivers
The 147.3% change in R stock from 8/31/2023 to 9/28/2026 was primarily driven by a 139.0% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9282026 | Change |
|---|---|---|---|
| Stock Price ($) | 94.59 | 233.93 | 147.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,293 | 12,853 | 4.6% |
| Net Income Margin (%) | 4.7% | 3.9% | -17.2% |
| P/E Multiple | 7.6 | 18.1 | 139.0% |
| Shares Outstanding (Mil) | 46 | 38 | 19.6% |
| Cumulative Contribution | 147.3% |
Market Drivers
8/31/2023 to 9/28/2026| Return | Correlation | |
|---|---|---|
| R | 147.3% | |
| Market (SPY) | 76.5% | 54.4% |
| Sector (XLI) | 62.8% | 61.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| R Return | 38% | 4% | 42% | 40% | 25% | 25% | 340% |
| Peers Return | 40% | -12% | 48% | 7% | 1% | 22% | 139% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| R Win Rate | 75% | 50% | 67% | 83% | 75% | 33% | |
| Peers Win Rate | 68% | 42% | 57% | 45% | 58% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| R Max Drawdown | -20% | -25% | -22% | -12% | -24% | -17% | |
| Peers Max Drawdown | -18% | -29% | -26% | -20% | -33% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PAG, JBHT, XPO, SNDR, WERN. See R Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)
How Low Can It Go
| Event | R | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.5% | -18.8% |
| % Gain to Breakeven | 29.0% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.7% | -6.7% |
| % Gain to Breakeven | 24.6% | 7.1% |
| Time to Breakeven | 91 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.7% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 72.9% | 50.9% |
| Time to Breakeven | 62 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.4% | -19.2% |
| % Gain to Breakeven | 57.2% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -45.6% | -12.2% |
| % Gain to Breakeven | 84.0% | 13.9% |
| Time to Breakeven | 619 days | 62 days |
In The Past
Ryder System's stock fell -22.5% during the 2025 US Tariff Shock. Such a loss loss requires a 29.0% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | R | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.5% | -18.8% |
| % Gain to Breakeven | 29.0% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.7% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 72.9% | 50.9% |
| Time to Breakeven | 62 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.4% | -19.2% |
| % Gain to Breakeven | 57.2% | 23.8% |
| Time to Breakeven | 744 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -45.6% | -12.2% |
| % Gain to Breakeven | 84.0% | 13.9% |
| Time to Breakeven | 619 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -45.9% | -6.8% |
| % Gain to Breakeven | 84.8% | 7.3% |
| Time to Breakeven | 619 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.2% | -17.9% |
| % Gain to Breakeven | 64.3% | 21.8% |
| Time to Breakeven | 486 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -58.9% | -53.4% |
| % Gain to Breakeven | 143.1% | 114.4% |
| Time to Breakeven | 225 days | 1085 days |
In The Past
Ryder System's stock fell -22.5% during the 2025 US Tariff Shock. Such a loss loss requires a 29.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ryder System (R)
Ryder System, Inc. is a global logistics and transportation company that helps businesses manage their fleets, transportation needs, and supply chains. Essentially, Ryder provides the vehicles, drivers, and expertise that companies need to move goods, allowing clients to focus on their core operations without the burden of owning and managing complex transportation assets or logistics networks.
The company operates through three main segments. Its Fleet Management Solutions (FMS) segment offers a comprehensive suite of vehicle-centric services, including full-service leasing, flexible maintenance options, commercial vehicle rentals, and fuel services for trucks, tractors, and trailers. This allows businesses to access necessary transportation equipment without significant capital investment or the complexities of maintenance. Complementing this, the Dedicated Transportation Solutions (DTS) segment provides an outsourced, end-to-end transportation solution, supplying not only the equipment and maintenance but also professional drivers, administrative support, routing, and scheduling, essentially acting as a client's private fleet.
Ryder's Supply Chain Solutions (SCS) segment focuses on optimizing customer logistics and distribution networks. This includes services like designing and managing warehousing and distribution centers, coordinating transportation for goods both domestically and internationally, handling just-in-time inventory replenishment for manufacturing, and offering value-added services such as light assembly and e-commerce fulfillment, including last-mile delivery. Through these offerings, Ryder helps companies streamline their supply chains, reduce costs, and improve delivery efficiency from production to the final customer.
AI Analysis | Feedback
- Ryder is like an Enterprise Rent-A-Car, but for commercial trucks, and they can also provide the drivers and maintenance to run a company's entire fleet.
- Ryder is like Amazon's vast fulfillment and logistics network, but offered as an outsourced service to other businesses.
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- Commercial Vehicle Leasing: Offers full service and flexible maintenance leasing options for trucks, tractors, and trailers.
- Commercial Vehicle Rental: Provides short-term rental services for commercial trucks, tractors, and trailers.
- Vehicle Maintenance: Delivers contract and transactional maintenance services for commercial vehicles, including comprehensive fleet support.
- Fuel Services: Manages fuel programs, including access to diesel fuel, planning, tax reporting, and centralized billing.
- Used Vehicle Sales: Sells pre-owned commercial trucks, tractors, and trailers through retail centers and online.
- Dedicated Transportation Services: Provides comprehensive outsourced solutions for private fleets, including equipment, drivers, maintenance, and operational management.
- Supply Chain & Distribution Management: Designs, manages, and operates customer distribution networks, warehouses, and material flows, incorporating value-added services.
- Transportation Management: Optimizes, schedules, and confirms customer shipments across various modes.
- E-commerce & Last Mile Logistics: Supports e-commerce fulfillment and manages final delivery services to end customers.
- Logistics Consulting: Offers knowledge-based professional services for supply chain strategy and optimization.
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Ryder System, Inc. (symbol: R) primarily serves other businesses (B2B) rather than individual consumers. The company provides essential logistics, transportation, and fleet management solutions to a diverse range of industries. While specific customer names are not provided in the company description, Ryder's clientele typically consists of businesses that require:
- Comprehensive Supply Chain and Distribution Management: This includes manufacturers, retailers, and e-commerce companies that rely on Ryder for designing and managing their distribution networks, warehousing, inbound and outbound material flows, import/export, and last-mile delivery services.
- Dedicated Transportation and Logistics Solutions: Businesses across various sectors that need dedicated fleets, drivers, equipment, and administrative support for their specific transportation requirements, including routing, scheduling, and regulatory compliance.
- Commercial Fleet Management and Leasing: Companies that operate or require commercial vehicles (trucks, tractors, trailers) for their operations, utilizing Ryder for full-service leasing, flexible maintenance options, vehicle rentals, fuel services, and the sale of used commercial vehicles.
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Robert E. Sanchez Chairman and Chief Executive Officer
Robert E. Sanchez is the Chairman and Chief Executive Officer of Ryder System, Inc. He was appointed CEO in January 2013 and Chairman of the Board in May 2013. Mr. Sanchez has spent over 30 years at Ryder, holding various senior executive leadership positions, including President and Chief Operating Officer, Chief Financial Officer, President of Fleet Management Solutions, Chief Information Officer, Senior Vice President of Transportation Management, and Vice President of Asset Management. In his earlier roles, he was instrumental in centralizing Ryder's asset management function and improving cost management. Before joining Ryder in 1993, Mr. Sanchez held engineering positions at Pratt & Whitney Aircraft and Florida Power & Light. He earned his MBA from The Wharton School at the University of Pennsylvania and a Bachelor of Science in Electrical Engineering from the University of Miami. Mr. Sanchez also serves on the board of directors of Texas Instruments. It should be noted that Mr. Sanchez is set to retire on March 31, 2026.
John J. Diez President and Chief Operating Officer
John J. Diez serves as the President and Chief Operating Officer of Ryder System, Inc., a role he assumed on January 1, 2025. He is slated to become the Chief Executive Officer on March 31, 2026, succeeding Robert E. Sanchez. Mr. Diez has over two decades of experience with Ryder, having previously served as Executive Vice President and Chief Financial Officer from June 2021 to December 2024. His extensive career at Ryder includes leadership positions such as President of Fleet Management Solutions, President of Dedicated Transportation Solutions, Senior Vice President of Field Finance, and CFO for the FMS business segment. Before joining Ryder in 2002, Mr. Diez began his career in the audit practice of KPMG LLP. He is a licensed Certified Public Accountant (CPA) and holds both a Bachelor of Science and a Master of Science in Accounting from Florida International University. Mr. Diez also serves on the boards of Trinity Industries, Inc., the U.S. Chamber of Commerce, the Jackson Health Foundation, and United Way Miami.
Cristina Gallo-Aquino Executive Vice President, Chief Financial Officer, and Principal Accounting Officer
Cristina Gallo-Aquino is the Executive Vice President, Chief Financial Officer, and Principal Accounting Officer for Ryder System, Inc., a position she assumed on January 1, 2025. In this role, she is responsible for all of Ryder's financial management functions, including finance and accounting, treasury, tax, audit, investor relations, and corporate planning and analysis. Ms. Gallo-Aquino joined Ryder in 2004 and has held various senior leadership roles in finance throughout her more than 20 years with the company. Her previous positions at Ryder include Senior Vice President, Controller, and Principal Accounting Officer, as well as Vice President and Chief Financial Officer of Ryder's Fleet Management Solutions business unit. Prior to joining Ryder, she began her career in the audit practice of KPMG LLP. Ms. Gallo-Aquino is a Florida Certified Public Accountant (CPA) and holds a Master of Business Administration and a Bachelor of Science in Accounting from Florida International University. She also sits on the board of directors of Easterseals South Florida.
Dennis Cooke President of Global Fleet Management Solutions
Dennis Cooke serves as the President of Global Fleet Management Solutions at Ryder System, Inc. In this role, he oversees the company's largest business segment, which provides full-service leasing, contract maintenance, and commercial rental of trucks, tractors, and trailers.
J. Steven Sensing President of Global Supply Chain Solutions
J. Steven Sensing is the President of Global Supply Chain Solutions for Ryder System, Inc. His role involves leading one of Ryder's core segments, which focuses on designing and managing customer distribution networks, coordinating warehousing and transportation, and offering various value-added logistics services.
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Key Risks to Ryder System (R)
Ryder System, Inc. (R) faces several key risks that could significantly impact its business operations and financial performance. These risks primarily stem from the cyclical nature of the transportation industry, ongoing cost pressures, and the evolving technological and regulatory landscape.1. Market Cyclicality and Economic Conditions
Ryder's business is highly susceptible to the cyclical nature of the transportation industry and broader economic trends. A prolonged freight downturn or adverse economic conditions can lead to decreased demand for its Fleet Management Solutions (FMS), including commercial vehicle rentals and used vehicle sales, which directly impacts revenue and profitability. Similarly, demand for Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS) can diminish during periods of economic uncertainty. Historically, weak rental demand and lower used vehicle sales volumes have suppressed Ryder's revenue and profit in its FMS segment.2. Increased Operating Expenses and Maintenance Costs
Ryder System is grappling with significant financial pressure due to consistently elevated operating expenses. These costs include selling, general, and administrative (SG&A) expenses, which have seen a steady increase over recent years. Additionally, the company faces challenges with higher-than-expected maintenance costs for its extensive fleet, which can erode profit margins, particularly within its FMS segment. The persistent rise in these operational expenditures poses substantial risks to Ryder's operational and financial stability.3. Technological and Regulatory Changes
The transportation industry is undergoing rapid technological and regulatory shifts that present both opportunities and threats to Ryder. Key among these are regulatory pushes for zero-emission fleets, such as mandates for accelerated adoption of zero-emission vehicles (ZEVs). Compliance with these regulations often requires substantial capital expenditures for new vehicle technologies and supporting infrastructure (e.g., charging stations) before such infrastructure is widely available. This can increase operational complexity and capital investment, exposing Ryder to risks of rapid obsolescence and increased costs to remain competitive.AI Analysis | Feedback
There are two clear emerging threats to Ryder System:
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The rapid **electrification of commercial fleets**. Ryder's core Fleet Management Solutions (FMS) and Dedicated Transportation Solutions (DTS) segments are heavily reliant on the maintenance, fueling infrastructure, and expertise associated with internal combustion engine (ICE) vehicles. The widespread adoption of electric vehicles (EVs) will necessitate significant investment in new charging infrastructure, extensive re-training of maintenance technicians for EV-specific repairs (which differ substantially from ICE vehicles), and a fundamental shift in their used vehicle sales model as demand for second-hand ICE commercial vehicles potentially declines. This technological transition directly challenges Ryder's existing operational advantages and infrastructure.
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The development and increasing deployment of **autonomous commercial vehicles**. Ryder's Dedicated Transportation Solutions (DTS) segment provides equipment, maintenance, and, crucially, drivers as part of its offering. The emergence of self-driving trucks and delivery vehicles, while still in development and actively being piloted by numerous companies, poses a long-term threat by potentially eliminating or drastically reducing the need for human drivers, a key component and cost driver in Ryder's DTS service. This technological shift could fundamentally alter the economics and operational structure of dedicated transportation services.
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Ryder System, Inc. (symbol: R) operates in the logistics and transportation sector, offering a range of services across three main segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS).
The addressable markets for Ryder System's main products and services are as follows:
Fleet Management Solutions (FMS)
This segment includes commercial vehicle leasing and rental, as well as fleet management services.
- The global commercial vehicle rental and leasing market was valued at approximately USD 104.63 billion in 2025 and is projected to grow to about USD 172.46 billion by 2032. North America held a significant share of this market, with 35.70% in 2025.
- For the U.S. specifically, the fleet management market (which includes solutions and services) was valued at USD 12.20 billion in 2024 and is expected to reach USD 28.93 billion by 2032.
Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS)
These segments involve various logistics services, including distribution management, warehousing, transportation management, and dedicated contract carriage, which fall under the broader category of Third-Party Logistics (3PL).
- The global third-party logistics (3PL) market was valued at approximately USD 1.6 trillion in 2025 and is expected to grow to USD 4.3 trillion by 2035.
- In the U.S., the third-party logistics (3PL) market was estimated at USD 435.43 billion in 2022 and is projected to reach USD 1028.24 billion by 2032.
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Ryder System, Inc. (symbol: R) anticipates several key drivers for its future revenue growth over the next two to three years:
- Continued Expansion of Asset-Light Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS) Segments: Ryder is strategically shifting its business mix towards its asset-light Supply Chain Solutions and Dedicated Transportation Solutions segments. These segments represented 62% of the company's 2025 revenue, a significant increase from 44% in 2018. This growth is driven by organic expansion, strategic acquisitions, and the implementation of innovative technologies within these higher-margin areas.
- Realization of Benefits from Multi-Year Strategic Initiatives: The company expects to continue benefiting from multi-year strategic initiatives aimed at driving operational efficiencies and structural improvements across its businesses. These initiatives have already delivered $100 million in cumulative annual pre-tax benefits through 2025 and are projected to generate an additional $70 million in incremental annual pre-tax benefits in 2026, reaching a total of $170 million annually. These benefits are not reliant on an upturn in freight market conditions.
- New Business Acquisitions and Increased Customer Volumes: Growth in contractual revenue, particularly within the Supply Chain Solutions segment, is expected from new business acquisitions and expanding customer volumes. This is evident in new business in omnichannel retail. Analysts also highlight "new business acquisition, increased customer volumes, and effective pricing strategies" as key contributors.
- Disciplined Pricing Strategies in Core Services: Ryder has demonstrated pricing power in certain areas, particularly within its contractual services. Higher revenues from ChoiceLease and SelectCare services, as well as a 5% year-over-year increase in power fleet rental pricing and a 10% increase in tractor pricing in Q4 2025, suggest that strategic pricing will be a continued revenue driver.
- Leveraging an Eventual Freight Market Upturn: While Ryder's immediate outlook does not assume a significant improvement in freight market conditions, the company has positioned its transformed business model to meaningfully capitalize on an eventual upturn in the freight cycle. Management anticipates at least $200 million in annual pre-tax earnings benefits when the next cycle peak occurs.
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Share Repurchases
- Ryder System authorized two new share repurchase plans on October 23, 2025: a discretionary plan to repurchase up to 2.0 million shares through October 2027, and an anti-dilutive plan to repurchase up to 1.5 million shares issued to employees during the same period.
- Since 2021, the company has repurchased approximately 22% of its outstanding shares, deploying around $1.2 billion for discretionary share repurchases.
- In 2025, Ryder returned $664 million to shareholders through buybacks and dividends, repurchasing 3.2 million shares.
Outbound Investments
- Since 2021, Ryder has invested approximately $1.1 billion in strategic mergers and acquisitions.
- In January 2022, Ryder completed the acquisition of Whiplash for approximately $480 million in cash, expanding its e-commerce fulfillment network and multi-client warehousing capabilities.
- The 2024 acquisition of Cardinal Logistics added about $1 billion in annual revenue and over 2,000 power units, aligning with Ryder's shift towards high-growth, contract-based logistics. This acquisition is expected to yield $40-$60 million in synergies by 2025.
Capital Expenditures
- Capital expenditures decreased to $2.1 billion in 2025, down from $2.7 billion in 2024, primarily due to reduced investments in ChoiceLease and rental fleets. Gross capital expenditures were $2.7 billion in 2024, $3.3 billion in 2023, and $2.7 billion in 2022.
- For 2026, Ryder forecasts total capital expenditures of $2.4 billion, with $1.9 billion in net capital expenditures after used vehicle sales proceeds, primarily focused on lease replacement activity.
- The company is shifting capital spending from heavy vehicle acquisitions to technology, digital platforms, and strategic mergers and acquisitions, including embedding AI into proprietary tools to enhance customer experience and operational efficiencies.
Peer Outperformance in Cargo Ground Transportation
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| R | Ryder System | 1.5% | 18.1x | 26.8% | 132.9% | 212.6% | — |
| XPO | XPO | 4.1% | 51.2x | 40.2% | 136.6% | 257.2% | +45pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 4.6% | 112.2% | 181.7% | FIX 2219% · STRL 2066% · CDNL 2032% |
| Marine Transportation | 9 | 73.4% | 97.7% | 146.2% | HOS 41689% · ASC 475% · MATX 193% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 3.9% | 46.6% | 117.6% | CAT 352% · WAB 242% · ALSN 241% |
| Aerospace & Defense | 55 | -9.6% | 67.4% | 70.1% | ATI 969% · FTAI 836% · HWM 626% |
| Rail Transportation | 7 | 19.0% | 58.6% | 52.1% | FSTR 139% · CSX 65% · RAIL 57% |
| Industrial Machinery & Supplies & Components | 72 | 10.9% | 52.2% | 47.3% | CRS 1133% · PSIX 1083% · EROC 583% |
| Trading Companies & Distributors | 19 | 5.0% | 36.0% | 45.4% | DXPE 533% · AIT 282% · WCC 221% |
| Diversified Support Services | 32 | 14.8% | 32.4% | 32.1% | LIME 3263% · TH 412% · WLFC 332% |
| Cargo Ground Transportation ← | 16 | 34.9% | -0.4% | 28.6% | XPO 257% · R 213% · CVLG 140% |
| Security & Alarm Services | 10 | -24.6% | 48.2% | 25.0% | CIX 163% · VRME 151% · MG 111% |
| Electrical Components & Equipment | 41 | 2.6% | 45.6% | 19.4% | POWL 2297% · BE 1317% · VRT 910% |
| Building Products | 34 | -12.6% | 0.9% | 17.0% | LMB 583% · GFF 373% · PPIH 325% |
| Industrial Conglomerates | 17 | 9.9% | 5.8% | -5.8% | RCMT 566% · CSW 135% · DD 74% |
| Passenger Ground Transportation | 3 | -32.0% | 41.2% | -6.4% | UBER 53% · CAR -6% · LYFT -72% |
| Agricultural & Farm Machinery | 17 | 3.3% | 0.3% | -8.6% | BLBD 172% · DE 109% · GENC 57% |
| Environmental & Facilities Services | 30 | -15.4% | 11.3% | -10.5% | CECO 909% · ADUR 440% · NVRI 306% |
| Research & Consulting Services | 13 | -18.1% | -26.6% | -14.1% | HURN 202% · CRAI 75% · GRNQ 66% |
| Data Processing & Outsourced Services | 6 | -34.5% | -15.9% | -30.0% | EXLS 37% · BR 6% · G -27% |
| Office Services & Supplies | 9 | 15.9% | 17.8% | -33.2% | PBI 168% · TILE 134% · HNI 46% |
| Passenger Airlines | 11 | 16.6% | 16.3% | -34.3% | LTM 2778% · UAL 129% · DAL 101% |
| Human Resource & Employment Services | 22 | 0.2% | -16.1% | -38.2% | BBSI 67% · ADP 47% · HQI 12% |
| Air Freight & Logistics | 12 | -23.3% | -23.7% | -38.6% | CHRW 89% · FDX 81% · EXPD 65% |
| Airport Services | 3 | -71.5% | -77.9% | -68.0% | JOBY -37% · ASLE -68% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 190.92 |
| Mkt Cap | 11.1 |
| Rev LTM | 10,637 |
| Op Inc LTM | 899 |
| FCF LTM | 590 |
| FCF 3Y Avg | 67 |
| CFO LTM | 991 |
| CFO 3Y Avg | 989 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.8% |
| Rev Chg 3Y Avg | 0.5% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | -3.0% |
| Op Inc Chg 3Y Avg | -5.0% |
| Op Mgn LTM | 5.7% |
| Op Mgn 3Y Avg | 5.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 11.7% |
| CFO/Rev 3Y Avg | 11.5% |
| FCF/Rev LTM | 4.5% |
| FCF/Rev 3Y Avg | 1.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.1 |
| P/S | 0.8 |
| P/Op Inc | 23.5 |
| P/EBIT | 15.5 |
| P/E | 24.7 |
| P/CFO | 11.1 |
| Total Yield | 3.6% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 0.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.5% |
| 3M Rtn | -13.9% |
| 6M Rtn | 17.5% |
| 12M Rtn | 35.4% |
| 3Y Rtn | 28.7% |
| 1M Excs Rtn | -8.4% |
| 3M Excs Rtn | -17.2% |
| 6M Excs Rtn | -3.0% |
| 12M Excs Rtn | 17.4% |
| 3Y Excs Rtn | -46.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fleet Management Solutions (FMS) | 5,845 | 5,888 | 5,930 | 6,327 | 5,680 |
| Supply Chain Solutions (SCS) | 5,459 | 5,300 | 4,875 | 4,720 | 3,155 |
| Dedicated Transportation Solutions (DTS) | 2,343 | 2,446 | 1,785 | 1,786 | 1,457 |
| Eliminations | -982 | -998 | -807 | -822 | -629 |
| Total | 12,665 | 12,636 | 11,783 | 12,011 | 9,663 |
| $ Mil | 2008 | 2000 |
|---|---|---|
| Fleet Management Solutions (FMS) | 3,035 | |
| Supply Chain Solutions (SCS) | 1,331 | |
| Dedicated Contract Carriage | 537 | |
| Eliminations | -198 | |
| Dedicated contract carriage | 60 | |
| Total | 4,705 | 60 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Fleet Management Solutions (FMS) | 12,073 | 11,588 | 10,811 | 11,000 | 11,274 |
| Supply Chain Solutions (SCS) | 3,673 | 3,717 | 3,043 | 2,320 | 1,313 |
| Central Support Services (CSS) | 1,333 | 1,026 | 904 | 555 | 328 |
| Dedicated Transportation Solutions (DTS) | 765 | 384 | 380 | 318 | 296 |
| Eliminations | -1,172 | -937 | -743 | -358 | -280 |
| Total | 16,672 | 15,778 | 14,395 | 13,835 | 12,932 |
Price Behavior
| Market Price | $233.93 | |
| Market Cap ($ Bil) | 9.0 | |
| First Trading Date | 01/02/1980 | |
| Distance from 52W High | -16.2% | |
| 50 Days | 200 Days | |
| DMA Price | $251.68 | $229.54 |
| DMA Trend | up | down |
| Distance from DMA | -7.1% | 1.9% |
| 3M | 1YR | |
| Volatility | 20.7% | 33.4% |
| Downside Capture | 119.07 | 112.08 |
| Upside Capture | 36.70 | 119.74 |
| Correlation (SPY) | 41.3% | 43.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.39 | 0.90 | 0.77 | 1.12 | 1.14 | 1.11 |
| Up Beta | 1.49 | 1.28 | 0.62 | 1.28 | 1.08 | 1.15 |
| Down Beta | 0.76 | 0.52 | 0.53 | 0.78 | 1.07 | 1.03 |
| Up Capture | 79% | 43% | 82% | 118% | 138% | 175% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 17 | 29 | 63 | 138 | 397 |
| Down Capture | 247% | 134% | 100% | 116% | 109% | 102% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 25 | 35 | 64 | 112 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with R | |
|---|---|---|---|---|
| R | 29.1% | 33.3% | 0.80 | - |
| Sector ETF (XLI) | 12.6% | 17.2% | 0.52 | 51.2% |
| Equity (SPY) | 17.4% | 13.0% | 0.96 | 43.4% |
| Gold (GLD) | 9.7% | 29.6% | 0.31 | 11.0% |
| Commodities (DBC) | 42.7% | 20.7% | 1.60 | -22.4% |
| Real Estate (VNQ) | 4.3% | 13.6% | 0.06 | 28.7% |
| Bitcoin (BTCUSD) | -23.0% | 44.8% | -0.46 | 4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with R | |
|---|---|---|---|---|
| R | 27.8% | 32.6% | 0.80 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 61.2% |
| Equity (SPY) | 13.5% | 17.2% | 0.60 | 54.7% |
| Gold (GLD) | 18.1% | 18.9% | 0.77 | 4.7% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 11.7% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 43.4% |
| Bitcoin (BTCUSD) | 14.4% | 52.4% | 0.45 | 20.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with R | |
|---|---|---|---|---|
| R | 16.9% | 36.4% | 0.53 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 65.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 57.5% |
| Gold (GLD) | 11.7% | 16.4% | 0.58 | -0.5% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 21.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 44.3% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 12.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/25/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -3.1% | -6.6% | -10.3% |
| 4/23/2026 | 6.6% | 7.8% | 5.2% |
| 2/11/2026 | 2.4% | 5.6% | -11.5% |
| 10/23/2025 | -12.4% | -6.6% | -10.6% |
| 7/24/2025 | 2.5% | 3.3% | 4.9% |
| 4/23/2025 | -1.9% | -0.1% | 10.1% |
| 2/12/2025 | 3.0% | 6.6% | -13.4% |
| 10/24/2024 | -4.3% | 2.6% | 11.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 3.2% | 6.7% | 10.2% |
| Median Negative | -4.3% | -4.3% | -10.4% |
| Max Positive | 11.9% | 12.9% | 26.7% |
| Max Negative | -12.4% | -6.7% | -13.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -3.1% | -6.6% | -10.3% |
| 4/23/2026 | 6.6% | 7.8% | 5.2% |
| 2/11/2026 | 2.4% | 5.6% | -11.5% |
| 10/23/2025 | -12.4% | -6.6% | -10.6% |
| 7/24/2025 | 2.5% | 3.3% | 4.9% |
| 4/23/2025 | -1.9% | -0.1% | 10.1% |
| 2/12/2025 | 3.0% | 6.6% | -13.4% |
| 10/24/2024 | -4.3% | 2.6% | 11.7% |
| 7/25/2024 | 1.6% | 7.9% | 7.1% |
| 4/23/2024 | 11.9% | 12.9% | 15.0% |
| 2/14/2024 | -6.5% | -5.7% | -4.1% |
| 10/25/2023 | -4.3% | -0.4% | 9.3% |
| 7/26/2023 | 7.4% | 10.7% | 6.3% |
| 4/26/2023 | -6.9% | -3.3% | -5.1% |
| 2/15/2023 | 3.2% | -0.1% | -10.4% |
| 10/26/2022 | 10.0% | 11.3% | 26.7% |
| 7/27/2022 | 3.2% | 2.9% | 10.5% |
| 4/28/2022 | 4.0% | 10.9% | 15.8% |
| 2/16/2022 | 5.4% | -2.7% | 10.2% |
| 10/27/2021 | -4.5% | -5.2% | -3.7% |
| 7/28/2021 | -0.6% | 6.0% | 7.9% |
| 4/28/2021 | 0.8% | 6.7% | 7.3% |
| 2/11/2021 | -5.6% | -6.7% | 12.9% |
| 10/28/2020 | -1.7% | 4.5% | 21.9% |
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 3.2% | 6.7% | 10.2% |
| Median Negative | -4.3% | -4.3% | -10.4% |
| Max Positive | 11.9% | 12.9% | 26.7% |
| Max Negative | -12.4% | -6.7% | -13.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/28/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/28/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 9/28/2026Latest: Q2 2026 Earnings Reported 7/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable EPS | Reported | 14.4 | 14.6 | 14.8 | 1.2% | Raised | Guidance: 14.43 for 2026 | |
| 2026 ROE | Reported | 0.18 | 0.5% | Raised | Guidance: 0.18 for 2026 | |||
| 2026 Revenue Growth | Reported | 3.0% | 0.0% | Affirmed | Guidance: 3.0% for 2026 | |||
| 2026 Operating Revenue Growth | Reported | 3.0% | 0.0% | Affirmed | Guidance: 3.0% for 2026 | |||
| 2026 GAAP EPS | Reported | 13.5 | 13.7 | 13.9 | 1.3% | Raised | Guidance: 13.53 for 2026 | |
| 2026 Capital Expenditures | Reported | 2.40 Bil | 0.0% | Affirmed | Guidance: 2.40 Bil for 2026 | |||
| 2026 Free Cash Flow | Reported | 700.00 Mil | 750.00 Mil | 800.00 Mil | 0.0% | Affirmed | Guidance: 750.00 Mil for 2026 | |
| Q3 2026 Comparable EPS | Reported | 4 | 4.1 | 4.2 | ||||
| Q3 2026 GAAP EPS | Reported | 3.8 | 3.9 | 4 | ||||
Prior: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 2Q26 Comparable EPS | Reported | 3.5 | 3.63 | 3.75 | 62.9% | Higher New | Actual: 2.23 for Q1 2026 | |
| Q2 2026 2Q26 GAAP EPS | Reported | 3.2 | 3.33 | 3.45 | 60.2% | Higher New | Actual: 2.08 for Q1 2026 | |
| 2026 FY26 Comparable EPS | Reported | 14.05 | 14.43 | 14.8 | 3.4% | Raised | Guidance: 13.95 for 2026 | |
| 2026 ROE | Reported | 0.17 | 0.18 | 0.18 | 0 | Affirmed | Guidance: 0.18 for 2026 | |
| 2026 Total Revenue Growth | Reported | 3.0% | 2.0% | Raised | Guidance: 1.0% for 2026 | |||
| 2026 Operating Revenue Growth | Reported | 3.0% | 0 | Affirmed | Guidance: 3.0% for 2026 | |||
| 2026 FY26 GAAP EPS | Reported | 13.15 | 13.53 | 13.9 | 1.7% | Raised | Guidance: 13.3 for 2026 | |
| 2026 Capital Expenditures | Reported | 2.40 Bil | 0 | Affirmed | Guidance: 2.40 Bil for 2026 | |||
| 2026 Free Cash Flow | Reported | 700.00 Mil | 750.00 Mil | 800.00 Mil | 0 | Affirmed | Guidance: 750.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Comparable EPS | Reported | 2.1 | 2.23 | 2.35 | -38.2% | Lower New | Actual: 3.6 for Q4 2025 | |
| Q1 2026 GAAP EPS | Reported | 1.95 | 2.08 | 2.2 | -39.0% | Lower New | Actual: 3.4 for Q4 2025 | |
| 2026 Comparable EPS | Reported | 13.45 | 13.95 | 14.45 | 7.7% | Higher New | Actual: 12.95 for 2025 | |
| 2026 ROE | Reported | 0.17 | 0.18 | 0.18 | ||||
| 2026 Net Cash from Operating Activities | Reported | 2.70 Bil | ||||||
| 2026 Revenue Growth | Reported | 1.0% | ||||||
| 2026 Operating Revenue Growth | Reported | 3.0% | ||||||
| 2026 GAAP EPS | Reported | 12.8 | 13.3 | 13.8 | 9.0% | Higher New | Actual: 12.2 for 2025 | |
| 2026 Capital Expenditures | Reported | 2.40 Bil | ||||||
| 2026 Free Cash Flow | Reported | 700.00 Mil | 750.00 Mil | 800.00 Mil | -21.0% | Lower New | Actual: 950.00 Mil for 2025 | |
Insider Activity
Updated 8/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fatovic, Robert D | EVP, CLO & Corp. Secretary | Direct | Sell | 6012026 | 249.85 | 5,000 | 1,249,250 | 22,193,176 | Form |
| 2 | Hodes, Sanford J | SVP, C Procur Of, Corp Dev Of | Direct | Sell | 5292026 | 251.95 | 595 | 149,910 | 5,781,749 | Form |
| 3 | Nieto, Luis P JR | Direct | Sell | 5052026 | 235.79 | 720 | 169,769 | 7,067,569 | Form | |
| 4 | Diez, John J | President and COO | Direct | Sell | 2262026 | 222.20 | 9,632 | 2,140,230 | 40,842,582 | Form |
| 5 | Sanchez, Robert E | Chair and CEO | Direct | Sell | 2262026 | 223.30 | 41,779 | 9,329,289 | 9,116,930 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fatovic, Robert D | EVP, CLO & Corp. Secretary | Direct | Sell | 6012026 | 249.85 | 5,000 | 1,249,250 | 22,193,176 | Form |
| 2 | Hodes, Sanford J | SVP, C Procur Of, Corp Dev Of | Direct | Sell | 5292026 | 251.95 | 595 | 149,910 | 5,781,749 | Form |
| 3 | Nieto, Luis P JR | Direct | Sell | 5052026 | 235.79 | 720 | 169,769 | 7,067,569 | Form | |
| 4 | Diez, John J | President and COO | Direct | Sell | 2262026 | 222.20 | 9,632 | 2,140,230 | 40,842,582 | Form |
| 5 | Sanchez, Robert E | Chair and CEO | Direct | Sell | 2262026 | 223.30 | 41,779 | 9,329,289 | 9,116,930 | Form |
| 6 | Fatovic, Robert D | EVP, CLO & Corp. Secretary | Direct | Sell | 2242026 | 222.30 | 11,640 | 2,587,572 | 20,837,735 | Form |
| 7 | Ravindran, Rajeev | EVP & CIO | Direct | Sell | 2202026 | 221.61 | 2,696 | 597,455 | 4,019,079 | Form |
| 8 | Sensing, John S | President, Global SCS & DTS | Direct | Sell | 2202026 | 220.36 | 30,110 | 6,635,010 | 10,815,441 | Form |
| 9 | Havens, Thomas M | President, Global FMS | Direct | Sell | 2202026 | 221.65 | 12,571 | 2,786,347 | 7,330,812 | Form |
| 10 | Hodes, Sanford J | SVP, C Procur Of, Corp Dev Of | Direct | Sell | 2182026 | 210.16 | 10,527 | 2,212,354 | 5,034,173 | Form |
| 11 | Fatovic, Robert D | EVP, CLO & Corp. Secretary | Direct | Sell | 2182026 | 217.13 | 10,000 | 2,171,337 | 20,353,458 | Form |
| 12 | Ravindran, Rajeev | EVP & CIO | Direct | Sell | 2182026 | 211.73 | 14,367 | 3,041,943 | 4,410,786 | Form |
| 13 | Regan, Thomas Michael | EVP of DTS | Direct | Sell | 2182026 | 212.81 | 871 | 185,358 | 1,648,639 | Form |
| 14 | Jones, Karen M | EVP & Chief Marketing Officer | Direct | Sell | 2182026 | 208.21 | 6,000 | 1,249,233 | 2,596,946 | Form |
| 15 | Smith, E Follin | Direct | Sell | 2182026 | 207.61 | 32,230 | 6,691,231 | 321,586 | Form | |
| 16 | Hodes, Sanford J | SVP, C Procur Of, Corp Dev Of | Direct | Sell | 8262025 | 187.48 | 532 | 99,739 | 4,584,261 | Form |
| 17 | Martin, Steve W | EVP of DTS | Direct | Sell | 8262025 | 186.98 | 5,500 | 1,028,404 | 4,531,524 | Form |
| 18 | Havens, Thomas M | President, Global FMS | Direct | Sell | 8152025 | 181.77 | 6,500 | 1,181,505 | 5,903,526 | Form |
| 19 | Smith, E Follin | Direct | Sell | 8012025 | 177.66 | 5,523 | 981,216 | 6,001,177 | Form | |
| 20 | Smith, E Follin | Direct | Sell | 8012025 | 180.00 | 500 | 90,000 | 7,074,360 | Form |
Investor Activity (13F)
Updated Sep 29, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Ryder System — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Cargo Ground Transportation Resources |
| Transport Topics |
| Commercial Carrier Journal (CCJ) |
| FreightWaves |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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