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Ryder System (R)
NYSE:R
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.34Last Year’s EPS
2.46Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized the strength and resiliency of Ryder's transformed, contractual-heavy business model, highlighting doubled comparable EPS since 2018, higher ROE, record supply-chain sales, strong cash generation, and sizable capital deployment capacity. Management also outlined clear operational and AI-driven initiatives expected to deliver incremental benefits ($170M expected in 2026 and $250M by the next cycle peak). Offsetting these positives are persistent near-term headwinds in transactional businesses: weak rental demand, pressure in used truck pricing (-9% YoY), lower FMS profitability versus targets, and a conservative 2026 outlook that assumes limited market improvement (with Q1 2026 as a challenging comparison). Overall the positives from structural transformation, cash generation, and initiative-driven savings outweigh the current transactional pressures.Company Guidance
Transformed Business Model and Durable Results
Comparable EPS of $12.92 in 2025 (more than double 2018's $5.95); ROE of 17% in 2025 (vs 13% in 2018); operating cash flow of $2.6 billion in 2025 (up >50% vs 2018), demonstrating the resiliency of the transformed, contractual-heavy model.
Shift to Asset-Light Revenue Mix
Revenue mix shifted to 62% supply chain and dedicated in 2025 versus 44% in 2018, reducing capital intensity and improving earnings stability.
Strategic Initiative Benefits and Upsized Targets
Multiyear strategic initiatives delivered $100 million cumulative through 2025, management now expects $170 million of annual pretax benefits upon completion (up from $150M) and at least $250 million annual pretax benefit by the next cycle peak.
Strong Cash Generation and Capital Return
Since 2021 Ryder generated $3.0 billion in free cash flow, repurchased 24% of shares outstanding, increased the quarterly dividend by 57%, returned $664 million to shareholders in 2025, and authorized a new discretionary repurchase program.
Solid Capital Deployment Capacity
Three-year projection: ~$10.5 billion from operating cash flow and used vehicle proceeds, creating ~ $3.5 billion incremental debt capacity and ~$14 billion total deployment capacity; ~ $5 billion (~60%+ of year-end market cap) flexible deployment capacity for growth and buybacks.
Supply Chain Momentum and Record Sales
Supply Chain operating revenue increased 3% in Q4; supply chain achieved record sales in 2025 and is expected to accelerate revenue growth through 2026 with exit-year growth approaching low double digits; SCS EBT margin ~8% (segment long-term target: high single digits).
2026 Financial Outlook with Earnings Growth
2026 guidance: operating revenue ~+3%, comparable EPS forecast $13.45–$14.45 (high end implies ~+12% YoY), ROE forecast 17–18%, and free cash flow guidance of $700–$800 million reflecting higher replacement CapEx.
Operational and Technology Investments
Ongoing investments in customer-facing technology and AI (Ryder Share, Ryder Guide, Baton AI lab), plus warehouse automation to drive operating efficiencies and future customer value.
R Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
R Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $211.29 | $216.38 | +2.41% |
Oct 23, 2025 | $181.06 | $158.67 | -12.37% |
Jul 24, 2025 | $170.30 | $174.55 | +2.49% |
Apr 23, 2025 | $135.27 | $132.66 | -1.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ryder System (R) report earnings?
Ryder System (R) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Ryder System (R) earnings time?
Ryder System (R) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is R EPS forecast?
R EPS forecast for the fiscal quarter 2026 (Q1) is 2.34.