Ryder System, Inc.

Ryder System, Inc. (R) Market Cap

Ryder System, Inc. has a market capitalization of $10.26B.

Price: $265.22

▲ 0.26 (0.10%)

Market Cap: 10.26B

NYSE · time unavailable

CEO: Robert E. Sanchez

Sector: Industrials

Industry: Rental & Leasing Services

IPO Date: 1980-01-02

Website: https://www.ryder.com

Ryder System, Inc. (R) - Company Information

Market Cap: 10.26B|Sector: Industrials

Company Profile

Ryder System, Inc. operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services. This segment also provides access to diesel fuel; offers fuel planning and tax reporting, cards, and monitoring services, and centralized billing; and sells used vehicles through its 63 retail sales centers and www.ryder.com/used-trucks website. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. Ryder System, Inc. was founded in 1933 and is headquartered in Miami, Florida.

Analyst Sentiment

80%
Strong Buy

From 9 Active Polls

1Y Forecast: $256.33

▼ -3.4% Potential Upside

Consensus Target Metrics

Low Bound

$245

Median

$250

High Bound

$290

Average

$256

Price & Moving Averages

Loading chart...

🎯 Wall Street Analyst Intelligence Report

1-Year structural target targets, chart projections, and sentiment maps.

Average 1Y Target
$256.33
▼ -3.35% Upside
Low Target
$245.00
-8% Risk
Median Target
$250.00
-6% Mid
High Target
$290.00
9% Max
Consensus
Buy
22 / 35 Buys

Consensus Trend Projection

Trailing closures vs. 12-month metrics map.

Analyst Vote Distribution

Aggregate institutional coverage sentiment weights.

valuation & financial ratiosdetailed financials

📊 Historical Valuation Multiples

Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.

Fiscal QuarterTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Period EndingTrailing 12MMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
Market Cap ($M)10,2628,1077,8097,8476,7426,0176,6016,2305,350
Enterprise Value ($M)18,79716,64216,29116,49915,28314,69115,33214,82513,920
Price to Earnings Ratio (P/E)21.2621.7914.7914.2212.8715.3512.2210.9710.53
Price/Earnings-to-Growth Ratio (PEG)——36.11—8.60—16.21—3.96
Price to Sales Ratio (P/S)0.812.582.452.472.121.922.061.961.67
Price to Book Ratio (P/B)3.672.842.562.542.192.002.122.041.74
Price to Free Cash Flow Ratio (P/FCF)21.4751.9622.70-92.32107.0143.92-32.52200.97-62.21
Enterprise Value to Sales (EV/Sales)—5.305.115.204.804.684.784.664.35
Enterprise Value to EBITDA (EV/EBITDA)5.6821.4519.2319.4818.1918.4820.4418.0415.02
Debt to Equity Ratio2.583.052.842.862.842.942.852.872.83

⚡ R Growth Runway Model

Standard long term linear growth fade

Multi-Stage Discounted Cash Flow Sandbox

Market Price$265.22
Intrinsic Value$8.62
Market Alignment
Overvalued by 96.8%relative to calculated intrinsic value
9.00%
Exp: 0%0%
i

Growth runway slowdown

This value provides a time window for the growth rate to decline beyond Stage 1 toward the terminal rate. Longer windows are most useful for companies with high growth starting conditions or strong competitive advantages. This option stretches out the growth rate slowdown across 5, 10, or 15-year steps. A high-growth starting condition (exceeding a 25% initial growth rate) automatically applies a curve decay to simulate realistic, rapid market saturation.
i

Terminal growth rate

With long-term inflation between 3-5%, revenue must grow by that baseline to maintain flat real-world market share. This value sets the permanent terminal growth rate to factor into the valuation beyond the growth slowdown runway toward maturity.

3-Stage Financial Runway Horizon

🧠 Perpetuity Horizon Engine (Stage 3: Post-2035)

Terminal FCF Base$0.48B
Perpetuity TV Value$9.13B
Discounted TV (PV)$3.86B
TV Weighting %57.4%
⚠️
Financial Model Disclaimer & Risk Disclosure: This interactive scenario simulator is an educational sandbox provided strictly for informational and analytical research purposes. Core historical financial statements and consensus estimates are sourced directly via Financial Modeling Prep (FMP). All downstream outputs are entirely deterministic, hypothetical projections generated by combining automated mathematical formulas (including linear interpolation and Gaussian bell-curve decay models) with user-selected variables and third-party financial data inputs. Users assume all liability for trading decisions executed based on these sandbox calculations.

📘 Full Research Report

ℹ️

AI-Generated Research: This report is for informational purposes only.

📘 RYDER SYSTEM INC (R) — Investment Overview

🧩 Business Model Overview

Ryder operates in commercial transportation and supply chain solutions, connecting shippers with moving capacity through a blend of owned/managed transportation assets and operational services. The value chain centers on three repeatable functions: (1) fleet provision via truck leasing and rental, (2) maintenance and uptime management to preserve vehicle value and reduce downtime, and (3) transportation and logistics services that convert customer freight requirements into scheduled, contracted movement (including dedicated and managed transportation arrangements).

This model creates customer stickiness because Ryder often embeds into clients’ operating rhythm—fleet purchasing/maintenance decisions, service-level expectations, and route/dispatch planning—turning transportation into an outsourced, continuously managed workflow rather than a one-off shipment relationship.

💰 Revenue Streams & Monetisation Model

Revenue is monetized through a mix of recurring and transaction-linked streams:

  • Leasing and rental revenue: Contracted lease payments and time-based rentals form a steadier base. Margin sensitivity typically depends on equipment utilization, lease rate discipline, and the cost to acquire and maintain fleet.
  • Transportation and dedicated contract revenue: Mileage- and service-level driven billings tied to contracted lanes, schedules, and productivity metrics. Operating leverage is influenced by network planning, labor efficiency, and claims/loss experience.
  • Maintenance, supply, and other services: Preventive maintenance and repair support can provide higher-margin contribution while protecting residual equipment value. Parts and labor economics and technician productivity matter.

Key margin drivers include fleet utilization, maintenance cost per mile/hour, procurement/financing costs for equipment, and the ability to price contracts in line with freight and labor conditions. Ryder’s services layer generally helps smooth revenue variability by linking equipment performance to customer retention and repeat contracting.

🧠 Competitive Advantages & Market Positioning

Ryder’s defensible position is best described as a combination of customer switching costs and operational scale advantages, supported by a fleet/maintenance capability that is difficult to replicate quickly.

  • Switching costs (hard to re-create): Clients gain operational learning from Ryder’s fleet management practices—vehicle maintenance schedules, uptime metrics, service standards, and dispatch efficiencies. Changing providers typically requires re-onboarding processes, renegotiating service-level terms, and accepting transitional operational risk.
  • Cost advantages from fleet and maintenance execution: Volume purchasing, standardized maintenance programs, and process discipline can reduce downtime and improve total cost of ownership for customers while protecting Ryder’s equipment economics.
  • Relationship-driven contracting: Many customer relationships are built around long-duration transportation planning and performance accountability, supporting contract renewal and incremental service expansion.

Competitive benchmarking:

  • Penske Truck Leasing: Strong presence in truck leasing and fleet services. Ryder competes with Penske on equipment-related capabilities, but Ryder’s differentiation is typically expressed through broader transportation and supply chain management solutions (not just leasing).
  • XPO Logistics: Asset-based logistics provider with freight transportation and fulfillment services. Ryder competes by emphasizing fleet stewardship and integrated maintenance/transportation execution for contracted shippers rather than relying purely on capacity procurement.
  • C.H. Robinson: Asset-light logistics/brokerage focus. Ryder competes by offering more direct control over equipment and service outcomes through managed fleets and maintenance operations, which can be important for customers that prioritize uptime and standardized performance.

Overall, Ryder’s focus spans both the asset side (fleet and maintenance) and the services layer (contracted transportation and supply chain execution), which strengthens customer retention relative to purely asset-light brokerage models and provides a wider solution set than leasing-only competitors.

🚀 Multi-Year Growth Drivers

  • Outsourced transportation and managed logistics adoption: Shippers increasingly seek performance accountability and operational control via contracted providers, supporting multi-year TAM within transportation outsourcing and dedicated fleet programs.
  • Fleet modernization and utilization optimization: Ongoing vehicle replacement cycles and utilization improvements tend to favor leasing and maintenance-integrated models, where professional fleet management can reduce total cost of ownership.
  • Supply chain complexity: Network design, service-level requirements, and inventory/fulfillment coordination support demand for integrated transportation management rather than spot capacity.
  • Reshoring/regionalization and industrial demand dispersion: More distributed manufacturing and fulfillment footprints can increase the value of dedicated and managed transport relationships.
  • Electrification and alternative fuel transition (execution-driven): While technology adoption varies by customer, a structured leasing/maintenance platform can facilitate fleet transitions and service standardization for customers upgrading equipment types.

⚠ Risk Factors to Monitor

  • Freight and demand cyclicality: Trucking volumes and pricing can fluctuate with macro conditions, impacting utilization and contract renewal dynamics.
  • Residual value and equipment economics: Leasing businesses face the risk that used equipment values diverge from expectations, affecting earnings and cash flow through disposition results.
  • Capital intensity and financing conditions: Fleet investment and working-capital needs make performance sensitive to interest rates, credit availability, and asset acquisition/disposition timing.
  • Labor and maintenance cost inflation: Wage pressures and parts/labor supply dynamics can compress margins without sufficient pricing power.
  • Concentration and contract terms: Large customer contracts and service-level requirements can concentrate risk; unfavorable terms or higher claims/loss experience can reduce profitability.
  • Regulatory and compliance changes: Safety, emissions, and operating regulations can increase compliance costs and require fleet and operating adjustments.

📊 Valuation & Market View

Equity valuation for a fleet-and-transportation services provider typically anchors to cash generation and operating stability rather than growth-at-any-price multiples. Market participants often focus on:

  • EV/EBITDA and earnings power: Operating margins, fleet utilization, and service profitability influence how EBITDA translates into shareholder value.
  • Free cash flow conversion: Equipment cycles, capex cadence, and working-capital management affect how earnings become discretionary cash.
  • Return on invested capital (ROIC) and equipment economics: Sustainable spreads between fleet acquisition/financing costs and contracted lease/transport economics are central.
  • Balance-sheet sensitivity: Leverage and interest-rate exposure matter because equipment businesses are capital-structured.

Multiple expansion generally requires evidence of durable utilization, disciplined pricing, manageable residual values, and consistent cash conversion through equipment cycles.

🔍 Investment Takeaway

Ryder System combines fleet and maintenance capabilities with contracted transportation and managed logistics, producing a structure that can sustain customer retention through switching costs and operational integration. Over a multi-year horizon, the investment case rests on the continued outsourcing of transportation, fleet modernization needs, and the value of uptime- and performance-accountable service delivery. The primary watch-items are cyclicality, residual value outcomes, and capital/financing conditions that govern cash flow through equipment cycles.


⚠ AI-generated — informational only. Validate using filings before investing.

📰 Market News & Coverage

15 Stories Available

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📊 AI Financial Analysis

Powered by StockMarketInfo
Earnings Data: Q Ending 2026-03-31

"For the most recent quarter ending March 31, 2026, R's revenue declined slightly to $3.126 billion from $3.175 billion in the previous quarter (YoY: up 0.10%). Net income also decreased to $93 million, a QoQ decline from $133 million and down from $98 million YoY. The profit margin contracted over the year due to weaker profitability in the latest quarter. Share count decreased, likely from share buybacks. The company's balance sheet faced significant deterioration with negative equity of $4.208 billion in the latest quarter due to a sharp reduction in total assets. However, R exhibited substantial market momentum, with a 64.44% increase in stock price over the past year. Dividend payouts remained stable at $0.91 per share, suggesting a strong commitment to returning value to shareholders despite the payout ratio's relative volatility. Overall, while the 1-year stock performance and dividend stability boost shareholder returns, the company's weakening financial health and profitability present key concerns."

Revenue Growth

Fair

Revenue declined QoQ by 1.5% and showed a slight YoY increase of 0.10%, demonstrating stagnation.

Profitability

Caution

Earnings fell QoQ & YoY with contracting margins, reducing EPS growth; profitability is declining.

Cash Flow Quality

Neutral

Net income decreased significantly. Payout ratio shows instability but dividends remain consistent.

Leverage & Balance Sheet

Neutral

Significant asset decline and high net debt position led to negative equity, raising financial stability risks.

Shareholder Returns

Good

Strong 64.44% 1y price gain and steady dividends underscore attractive returns despite internal financial headwinds.

Analyst Sentiment & Valuation

Good

Current price of $227.13 approaches consensus target of $238.75. Price momentum aligns positively with analyst sentiment.

Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.

RevenueEarningsP/E RatioSharesDebtMargin %

Fundamentals Overview

Loading fundamentals overview...

R delivered Q1 2026 comparable EPS of $2.54 (+3% y/y) with ROE at 17%, beating management’s expectations despite a still-challenging freight backdrop. Results were supported by a resilient, contract-heavy model and better-than-expected used vehicle sales, with tractor pricing up 6% y/y and retail pricing stable sequentially. Management raised full-year 2026 comparable EPS to $14.05–$14.80 (from a prior $12.92 base) and maintained ROE at 17%–18% and free cash flow at $700M–$800M. The earnings engine remains multiyear: $170M initiatives launched in 2024 with $70M incremental benefits expected in 2026, plus operational and mix improvements from asset-light supply chain and dedicated. In Q&A, management clarified that only ~$10M of the ~$250M potential cycle upturn is assumed in 2026, largely because rental and used-vehicle upside lacked “breakout” confirmation in Q1, while no meaningful prebuy is included. Net sentiment: mixed—upgraded guidance but tempered by remaining macro and segment-specific pressures.

AI IconGrowth Catalysts

  • RyderShare and RyderGyde embedding AI to enhance proprietary logistics/transportation platform capabilities
  • Gentek AI use cases across customer service and roadside assistance improving effectiveness and customer experience
  • Warehouse automation and robotics deployments driving operating efficiency
  • Record Supply Chain sales momentum in omnichannel retail (new business) supporting resilient earnings
  • Portfolio derisking: reduced reliance on used vehicle proceeds; multiyear lease pricing and maintenance cost savings initiatives improving returns

Business Development

    AI IconFinancial Highlights

    • Comparable EPS from continuing operations: $2.54 (+3% y/y), supported by share repurchase benefits partially offset by lower earnings
    • Total operating revenue: $2.6B in-line y/y; supply chain contractual growth (+3% operating revenue) offset dedicated revenue (-5%) from lower fleet count
    • Return on equity: 17% (in line), during ongoing freight downturn
    • Incremental strategic initiative benefits: $70M expected in 2026 from a $170M multiyear program launched in 2024 (realized $100M benefits through year-end 2025)
    • Fleet Management Solutions: EBT margin 7.9% (vs low-teens long-term target over cycle); used vehicle tractor pricing +6% y/y, truck pricing -5% y/y
    • Rental pricing discipline: power fleet rental power pricing +3% y/y; rental utilization 68% (up from 66%); average rental fleet -13%
    • Used vehicle volume: 4,600 units sold in Q1 (+1,000 sequential; -y/y), with 9,500 inventory slightly above targeted range; sequential pricing tractors -3%, trucks -4%
    • Supply Chain: EBT margin 7% (high-single-digits long-term target); earnings -17% y/y due to weaker automotive results and ramp productivity
    • Dedicated: EBT expected to remain single-digit; dedicated earnings below prior year reflecting revenue decline from prolonged freight downturn
    • Full-year guidance raise: 2026 comparable EPS range increased to $14.05-$14.80 (vs prior year $12.92), driven by stronger Q1 performance, modest used-vehicle improvement, and strong contractual performance
    • Q2 2026 comparable EPS guide: $3.50-$3.75 (vs $3.32 prior year); 2026 FCF guide maintained at $700M-$800M

    AI IconCapital Funding

    • Shareholder returns in Q1: $272M returned through buybacks and dividends
    • Discretionary share repurchase program: authorized 2 million shares (executed in Q1 per management)
    • Balance sheet leverage: 269% at quarter end (within target range of 2.5x–3x per management framing)
    • Operating cash flow and FCF: free cash flow $273M (from $259M prior year), driven by reduced capex partially offset by higher working capital needs
    • 2026 capex framework: lease capital spending forecast $1.9B; rental capital spending forecast ~ $100M; full-year capex forecast ~ $2.4B; used vehicle proceeds expected ~ $500M

    AI IconStrategy & Ops

    • Derisking: significantly reduced reliance on used vehicle proceeds to reach targeted returns
    • Asset-light growth: accelerated growth in dedicated and asset-light supply chain businesses to improve mix and reduce capital intensity
    • Supply chain network optimization: omnichannel retail warehouse network continuous improvement; footprint aligned to demand environment; downsized/exited select locations in 2025
    • Rental fleet management: ending rental fleet expected to decrease 3% during 2026; average rental fleet expected -11%; trucks ~60% of rental fleet at quarter end
    • Capex timing: Q1 lease spending $314M below prior year due to replacement timing; management indicates potential increases if market improves

    AI IconMarket Outlook

    • 2026 updated comparable EPS forecast raised to $14.05-$14.80
    • 2026 ROE forecast unchanged at 17%-18%
    • 2026 free cash flow forecast unchanged at $700M-$800M
    • Q2 2026 comparable EPS forecast: $3.50-$3.75
    • 2026 incremental benefits: $70M remaining in 2026 (after $100M realized through 2025)
    • Cycle-upturn potential: management estimates pretax earnings improvement up to $250M at next cycle peak; however, only ~ $10M of upturn benefits contemplated in 2026 (primarily used vehicle sales)

    AI IconRisks & Headwinds

    • Freight market recovery pace/durability remains below normalized levels; geopolitical and macroeconomic factors continue influencing the recovery
    • Rental upside not contemplated in guidance due to lack of Q1 breakout performance (seasonality noted; no excited indications for sustained improvement)
    • Supply chain earnings pressure from lost business and lower automotive volumes; new business ramp productivity impacts earnings
    • Dedicated revenue and margin pressured by prolonged freight downturn and lower fleet counts
    • Used vehicle pricing risk tied to sequential mix (retail mix down: 69% sequentially vs 69% Q4 with comment that 61% through retail channel in Q1) and uncertainty around OEM price increases and market response

    Q&A: Analyst Interest

    • Upturn capture vs $250M peak: why management’s $10M 2026 upterm is conservative. Management said upside largely depends on rental and used vehicle contributions, with Q1 improvements driven by retail volumes and earlier-than-expected used pricing stability; rental lacked breakout momentum, so they did not raise assumptions.
    • Dedicated margin step-up: trajectory through 2026. Management outlined seasonality: Q2 and Q3 typically strongest with an expected 200–300 bps step-up from where margins started in Q1, then Q4 typically steps back. They reaffirmed confidence reaching high single-digit full-year margins (8 of last 10 years).
    • Prebuy and OEM pricing: impact on used vehicle and guidance. Management stated no meaningful prebuy activity is contemplated. OEM price increases are expected to be significant in the 10%–15% range minimum, but not yet fully visible in the marketplace; customer uptake for discounted near-term orders has been limited.

    Sentiment: MIXED

    Note: This summary was synthesized by AI from the R Q1 2026 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.

    📋 Official Regulatory 10-K / 10-Q SEC Filings

    Direct authenticated documentation links to audited SEC database reports for R.

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    Filed: Apr 23, 2026
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    SEC Filings (R)

    © 2026 Stock Market Info — Ryder System, Inc. (R) Financial Profile