Want to see R full AI Analyst Report?
Top Page
Ryder System
(NYSE:R)
Select Model
Select Model
Rating:68Neutral
Price Target:
$292.00
▲(9.09% Upside)
Action:Downgraded
Date:07/24/26
Ryder’s score is led by a strong and upbeat earnings update (raised 2026 EPS guidance, improving cash generation, and operational initiatives) and supportive technical trend strength (price above key moving averages with positive MACD). These positives are tempered by financial risk from consistently high leverage and a history of volatile free cash flow, plus a valuation profile that looks only moderately attractive (P/E ~21.7 with ~1.36% yield).
Positive Factors
Contractual, long-term revenue base
A revenue mix dominated by long-term contracts and a structural shift toward asset-light Supply Chain and Dedicated services increases revenue visibility and reduces cyclicality. This durable contractual base supports steadier cash flows, planning for capex and debt service, and margin stability over coming quarters.
Negative Factors
High financial leverage
Elevated leverage materially increases refinancing and interest-rate sensitivity, reducing financial flexibility to pursue growth or absorb shocks. For a capital-intensive leasing business this sustained high debt level raises structural risk around capital allocation and constrains margin of safety over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Contractual, long-term revenue base
A revenue mix dominated by long-term contracts and a structural shift toward asset-light Supply Chain and Dedicated services increases revenue visibility and reduces cyclicality. This durable contractual base supports steadier cash flows, planning for capex and debt service, and margin stability over coming quarters.
Read all positive factors
Ryder System Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows how sales are distributed across countries or regions, helping investors gauge dependency on North American freight and whether international expansion or regional slowdowns could impact top-line growth.
Shows how sales are distributed across countries or regions, helping investors gauge dependency on North American freight and whether international expansion or regional slowdowns could impact top-line growth.
Data provided by:
The Fly
The FlyRyder System (R) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.90B
Dividend Yield1.42%
Average Volume (3M)388.36K
Price to Earnings (P/E)20.8
Beta (1Y)1.05
Revenue Growth1.12%
EPS Growth3.84%
CountryUS
Employees51,600
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)12.32
Shares Outstanding38,346,867
10 Day Avg. Volume381,887
30 Day Avg. Volume388,363
Financial Highlights & Ratios
PEG Ratio1.95
Price to Book (P/B)2.62
Price to Sales (P/S)0.63
P/FCF Ratio17.43
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$301.13Price Target Upside12.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)14.67
Revenue Forecast (FY)$13.18B
Ryder System Business Overview & Revenue Model
Company Description
Ryder System, Inc. (R) is a transportation and logistics company that provides truck leasing and rental, dedicated transportation services, and supply chain solutions to commercial and industrial customers. The company supports customers’ fleet an...
How the Company Makes Money
Ryder primarily makes money by charging customers for fleet-related services and logistics/transportation operations under multi-year contracts and usage-based arrangements. Key revenue streams include: (1) Fleet Management Solutions: revenue from...
Ryder System Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive tone: management reported solid top-line growth, a 12% increase in Q2 comparable EPS (7th consecutive quarter of EPS growth), materially higher free cash flow, improved used-vehicle pricing and inventory metrics, and raised the low end of full-year EPS guidance. Strategic initiatives are delivering $70 million of incremental benefits in 2026 and the balance sheet and capital deployment capacity remain strong. Headwinds are present — notably delayed onboarding in Supply Chain, some margin pressure in Dedicated and FMS below long-term targets, rental demand still below normalized levels despite recovered utilization, and macro/geopolitical uncertainties — but these were presented as manageable and largely timing-related rather than structural. On balance, positive operational traction, improved cash flow, and strengthened guidance outweigh the near-term execution and market timing challenges.Positive Updates
Consecutive EPS Growth and Raised Full-Year Guidance
Comparable EPS for Q2 was $3.73, up 12% year-over-year, marking the 7th consecutive quarter of comparable EPS growth. Full-year 2026 comparable EPS guide increased at the low end to $14.40–$14.80 (previous low end $14.05). Q3 2026 comparable EPS guide of $4.00–$4.20 (prior year Q3 $3.57).
Negative Updates
Supply Chain Margins and Onboarding Timing
Supply Chain earnings before taxes decreased 7% year-over-year due to lost automotive business and slower productivity on newly onboarded contracts; several new wins have had onboarding delayed into 2027, creating near-term headwinds to margin recovery.
Read all updates
Q2-2026 Updates
Positive
Negative
Consecutive EPS Growth and Raised Full-Year Guidance
Comparable EPS for Q2 was $3.73, up 12% year-over-year, marking the 7th consecutive quarter of comparable EPS growth. Full-year 2026 comparable EPS guide increased at the low end to $14.40–$14.80 (previous low end $14.05). Q3 2026 comparable EPS guide of $4.00–$4.20 (prior year Q3 $3.57).
Read all positive updates
Company Guidance
Ryder raised its full‑year 2026 comparable EPS guide to $14.40–$14.80 (low end up from $14.05), with Q3 EPS guided to $4.00–$4.20 (vs. $3.57 prior year); management also revised 2026 ROE to 18% (from 17–18%) and kept free cash flow at $700–$800M. Capital guidance: lease spending ~$1.9B, rental spending ~$200M, total capex ~ $2.4B with ~$500M expected proceeds from used vehicle sales and net capex ~ $1.9B; average rental fleet is expected to be down ~11% and rental utilization has returned to a 75% target. Forward drivers and balance‑sheet capacity include ~$40M of expected full‑year used‑vehicle gains (up $10M), $70M of incremental 2026 benefits from a $170M multiyear strategic initiative (with $100M realized in 2024–25), ~$20M of 2026 upturn benefits (up from $10M) and an estimated $250M of potential upturn benefit by the next cycle peak; Ryder expects ~ $10.5B of operating cash + used‑vehicle proceeds over three years, creating ~$3.5B incremental debt capacity and ~$14B available for capital deployment (with ~$9.5B earmarked for replacements/dividends and ~ $4.5B, ~45% of quarter‑end market cap, flexible for growth CAPEX, buybacks or M&A).Ryder System Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
52
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.85B | 12.69B | 12.71B | 11.98B | 12.46B | 9.92B |
| Gross Profit | 2.43B | 2.58B | 2.54B | 2.50B | 2.84B | 2.06B |
| EBITDA | 2.60B | 3.33B | 3.27B | 3.00B | 3.27B | 2.72B |
| Net Income | 496.00M | 499.00M | 489.00M | 406.00M | 867.00M | 519.00M |
Balance Sheet | ||||||
| Total Assets | 16.09B | 16.39B | 16.67B | 15.78B | 14.39B | 13.84B |
| Cash, Cash Equivalents and Short-Term Investments | 219.00M | 198.00M | 154.00M | 204.00M | 267.00M | 234.00M |
| Total Debt | 8.45B | 8.68B | 8.88B | 8.15B | 7.08B | 6.94B |
| Total Liabilities | 13.22B | 13.34B | 13.55B | 12.71B | 11.46B | 11.04B |
| Stockholders Equity | 2.88B | 3.05B | 3.12B | 3.07B | 2.94B | 2.80B |
Cash Flow | ||||||
| Free Cash Flow | 687.00M | 459.00M | -418.00M | -881.00M | -321.00M | 234.00M |
| Operating Cash Flow | 2.45B | 2.59B | 2.27B | 2.35B | 2.31B | 2.17B |
| Investing Cash Flow | -1.29B | -1.65B | -2.45B | -2.66B | -1.85B | -1.45B |
| Financing Cash Flow | -1.12B | -912.00M | 153.00M | 256.00M | -861.00M | -204.00M |
Ryder System Risk Analysis
Ryder System disclosed 24 risk factors in its most recent earnings report. Ryder System reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ryder System Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $2.81B | 18.51 | 12.84% | 1.63% | -0.92% | -39.51% | |
68 Neutral | $9.90B | 20.81 | 16.70% | 1.36% | 1.12% | 3.84% | |
66 Neutral | $6.45B | 17.59 | 12.46% | 1.38% | 22.81% | 16.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $4.35B | -65.62 | -7.11% | 1.06% | -4.12% | -487.73% | |
52 Neutral | $5.37B | -7.62 | 20.63% | ― | 0.45% | 71.43% | |
49 Neutral | $4.88B | 102.14 | 2.56% | 1.72% | 28.50% | 67.75% |
* Industrials Sector Average
R
Ryder System
256.42
85.86
50.34%
CAR
Avis Budget
137.44
-26.63
-16.23%
GATX
GATX
178.87
31.80
21.63%
WSC
WillScot Mobile Mini Holdings
24.28
-0.73
-2.93%
HRI
Herc Holdings
150.14
37.91
33.78%
MGRC
Mcgrath Rentcorp
115.15
-2.85
-2.41%
Ryder System Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Ryder System Raises 2026 Earnings Outlook on Strong Q2
Positive
Jul 23, 2026
Ryder System reported second-quarter 2026 results on July 23, 2026, with GAAP EPS from continuing operations rising 8% year-over-year to $3.40 and comparable EPS up 12% to $3.73, driven by share repurchases and higher earnings in Fleet Management ...
Executive/Board ChangesShareholder Meetings
Ryder System Shareholders Back Board, Reject Independent Chair
Positive
May 4, 2026
At its May 1, 2026 annual meeting, Ryder System shareholders re-elected eleven directors to one-year terms expiring at the 2027 meeting, signaling continued support for the company’s existing leadership and governance structure. Shareholders...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.