Ryder System Posts Modest Earnings Growth on Resilient Model

Ryder System ( (R) ) just unveiled an announcement.

On February 11, 2026, Ryder reported its fourth-quarter and full-year 2025 results, showing modest earnings growth despite flat revenue as its revamped business model continued to emphasize contractual revenue. Fourth-quarter 2025 GAAP earnings per share from continuing operations rose 5% to $3.25 on essentially unchanged total and operating revenue of $3.2 billion and $2.6 billion, respectively, while comparable EPS increased 4% to $3.59, helped by share repurchases.

For full-year 2025, GAAP EPS from continuing operations climbed 8% to $11.99 and comparable EPS rose 8% to $12.92, driven by higher contractual earnings in all segments and buybacks, partially offset by weaker used vehicle sales and rental performance. Ryder posted a 17% adjusted return on equity, $12.7 billion in total revenue, a 1% increase in operating revenue to $10.4 billion on growth in supply chain and fleet management, and strong cash generation, underlining management’s view that its strategic initiatives and transformed business model are delivering resilient returns through the cycle.

By segment in the fourth quarter, supply chain solutions led growth with a 3% increase in both total and operating revenue, while fleet management revenue declined 1% and dedicated transportation revenue fell 8% in total and 4% in operating terms, pointing to mixed demand trends across Ryder’s portfolio. Looking ahead to 2026, the company signaled confidence in continued profitability with a projected adjusted return on equity of 17% to 18%, operating revenue growth of about 3% led by supply chain services, and robust operating cash flow alongside substantial but slightly lower free cash flow as it continues funding strategic growth initiatives.

The most recent analyst rating on (R) stock is a Buy with a $220.00 price target. To see the full list of analyst forecasts on Ryder System stock, see the R Stock Forecast page.

Spark’s Take on R Stock

According to Spark, TipRanks’ AI Analyst, R is a Outperform.

Ryder System’s overall stock score reflects strong earnings growth and strategic initiatives that bolster future prospects. While financial risks due to high leverage and cash flow challenges exist, the company’s positive market momentum and reasonable valuation support a favorable outlook. The earnings call further reinforces confidence in Ryder’s strategic direction and potential for sustained growth.

To see Spark’s full report on R stock, click here.

More about Ryder System

Ryder System, Inc. is a U.S.-based transportation and logistics company that provides fleet management solutions, supply chain solutions and dedicated transportation services. The company generates revenue across segments including Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions, with a focus on contractual earnings and operational efficiency in its logistics and trucking operations.

Average Trading Volume: 353,633

Technical Sentiment Signal: Buy

Current Market Cap: $8.78B

For a thorough assessment of R stock, go to TipRanks’ Stock Analysis page.