NYSE : R
Ryder System, Inc. — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 282.55 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 10.80B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ryder System, Inc. (R) reported revenue of 13.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.08B | 12.66B | 12.64B | 11.78B | 12.01B | 9.66B |
| Cost of Revenue | 10.52B | 10.11B | 10.16B | 9.48B | 9.62B | 7.86B |
| Gross Profit | 2.56B | 2.56B | 2.47B | 2.30B | 2.39B | 1.80B |
| Selling, General & Admin | 1.52B | 1.51B | 1.52B | 1.46B | 1.43B | 1.19B |
| Other Operating Expenses | -10.00M | 22.00M | ||||
| Operating Expenses | 1.51B | 1.51B | 1.52B | 1.46B | 1.43B | 1.21B |
| Operating Income | 1.05B | 1.05B | 954.00M | 838.00M | 964.00M | 594.00M |
| Interest Expense | -390.00M | -404.00M | -386.00M | -296.00M | -228.00M | -214.00M |
| Currency Exchange Gain (Loss) | -188.00M | |||||
| Other Non Operating Income (Expenses) | 28.00M | 26.00M | 34.00M | 47.00M | 32.00M | 29.00M |
| EBT Excluding Unusual Items | 687.00M | 672.00M | 602.00M | 401.00M | 768.00M | 409.00M |
| Merger & Restructuring Charges | -9.00M | -9.00M | -13.00M | 21.00M | 47.00M | 27.00M |
| Gain (Loss) on Sale of Assets | 69.00M | 69.00M | 103.00M | 216.00M | 410.00M | 271.00M |
| Asset Writedown | -41.00M | -47.00M | -31.00M | -20.00M | -9.00M | -14.00M |
| Pretax Income | 706.00M | 685.00M | 661.00M | 618.00M | 1.22B | 693.00M |
| Income Tax Expense | 184.00M | 184.00M | 172.00M | 212.00M | 353.00M | 171.00M |
| Earnings From Continuing Operations | 522.00M | 501.00M | 489.00M | 406.00M | 863.00M | 522.00M |
| Earnings From Discontinued Operations | -2.00M | -2.00M | 4.00M | -3.00M | ||
| Net Income | 520.00M | 499.00M | 489.00M | 406.00M | 867.00M | 519.00M |
| Preferred Dividends & Other Adjustments | 3.00M | 3.00M | 3.00M | 2.00M | 5.00M | 2.00M |
| Net Income to Common | 517.00M | 496.00M | 486.00M | 404.00M | 862.00M | 517.00M |
| Shares Outstanding (Basic) | 38.93M | 40.80M | 43.08M | 45.38M | 49.55M | 52.34M |
| Shares Outstanding (Diluted) | 39.53M | 41.80M | 44.23M | 46.49M | 50.89M | 53.51M |
| EPS (Basic) | 13.28 | 12.16 | 11.28 | 8.90 | 17.40 | 9.88 |
| EPS (Diluted) | 13.09 | 11.94 | 11.05 | 8.73 | 17.04 | 9.64 |
| Free Cash Flow | 1.42B | 926.00M | 113.00M | -117.00M | 861.00M | 983.00M |
| Free Cash Flow Per Share | 36.00 | 22.15 | 2.56 | -2.52 | 16.92 | 18.37 |
| Dividend Per Share | 3.74 | 3.44 | 3.04 | 2.66 | 2.40 | 2.28 |
| Gross Margin | 19.60% | 20.18% | 19.57% | 19.51% | 19.90% | 18.65% |
| Operating Margin | 8.02% | 8.29% | 7.55% | 7.11% | 8.03% | 6.15% |
| Profit Margin | 3.95% | 3.92% | 3.85% | 3.43% | 7.18% | 5.35% |
| Free Cash Flow Margin | 10.88% | 7.31% | 0.89% | -0.99% | 7.17% | 10.17% |
| EBITDA | 2.81B | 2.81B | 2.70B | 2.52B | 2.69B | 2.39B |
| EBITDA Margin | 21.49% | 22.15% | 21.38% | 21.34% | 22.39% | 24.71% |
| D&A For EBITDA | 1.76B | 1.75B | 1.75B | 1.68B | 1.73B | 1.79B |
| EBIT | 1.05B | 1.05B | 954.00M | 838.00M | 964.00M | 594.00M |
| EBIT Margin | 8.02% | 8.29% | 7.55% | 7.11% | 8.03% | 6.15% |
| Effective Tax Rate | 26.06% | 26.86% | 26.02% | 34.30% | 29.03% | 24.68% |
| Revenue as Reported | 13.08B | 12.66B | 12.64B | 11.78B | 12.01B | 9.66B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 198.00M | 198.00M | 154.00M | 204.00M | 267.00M | 234.00M |
| Cash & Short-Term Investments | 198.00M | 198.00M | 154.00M | 204.00M | 267.00M | 234.00M |
| Accounts Receivable | 1.98B | 1.82B | 1.76B | 1.60B | 1.55B | 1.40B |
| Other Receivables | 116.00M | 81.00M | 104.00M | 111.00M | 55.00M | 67.00M |
| Receivables | 2.10B | 1.90B | 1.86B | 1.71B | 1.61B | 1.47B |
| Inventory | 69.00M | |||||
| Prepaid Expenses | 305.00M | 378.00M | 448.00M | 347.00M | 323.00M | 255.00M |
| Restricted Cash | 438.00M | |||||
| Total Current Assets | 2.60B | 2.47B | 2.46B | 2.27B | 2.20B | 2.46B |
| Property, Plant & Equipment | 2.25B | 2.27B | 2.24B | 2.23B | 1.86B | 1.33B |
| Goodwill | 1.16B | 1.15B | 1.16B | 940.00M | 861.00M | 571.00M |
| Other Intangible Assets | 368.00M | 412.00M | 457.00M | 396.00M | 295.00M | 171.00M |
| Long-Term Accounts Receivable | 711.00M | 725.00M | 701.00M | 622.00M | 515.00M | 478.00M |
| Long-Term Deferred Tax Assets | 16.00M | 14.00M | 13.00M | 14.00M | 5.00M | |
| Long-Term Deferred Charges | 102.00M | 109.00M | 117.00M | 126.00M | 106.00M | |
| Other Long-Term Assets | 9.09B | 9.24B | 9.53B | 9.19B | 8.52B | 8.72B |
| Total Assets | 16.17B | 16.39B | 16.67B | 15.78B | 14.39B | 13.84B |
| Accounts Payable | 835.00M | 689.00M | 828.00M | 833.00M | 767.00M | 748.00M |
| Accrued Expenses | 681.00M | 644.00M | 622.00M | 596.00M | 640.00M | 742.00M |
| Short-Term Debt | 1.67B | 784.00M | 1.10B | 1.57B | 1.34B | 1.32B |
| Current Portion of Leases | 295.00M | 338.00M | 324.00M | 250.00M | 204.00M | 113.00M |
| Current Income Taxes Payable | 42.00M | 14.00M | ||||
| Current Unearned Revenue | 167.00M | 161.00M | 160.00M | 177.00M | 178.00M | 183.00M |
| Other Current Liabilities | 194.00M | 162.00M | 239.00M | 212.00M | 191.00M | 95.00M |
| Total Current Liabilities | 3.88B | 2.78B | 3.27B | 3.65B | 3.32B | 3.20B |
| Long-Term Debt | 5.42B | 6.75B | 6.61B | 5.50B | 4.97B | 5.22B |
| Long-Term Leases | 791.00M | 810.00M | 858.00M | 833.00M | 570.00M | 287.00M |
| Long-Term Unearned Revenue | 548.00M | 523.00M | 440.00M | 368.00M | 366.00M | 411.00M |
| Pension & Post-Retirement Benefits | 92.00M | 101.00M | 156.00M | 231.00M | 179.00M | 188.00M |
| Long-Term Deferred Tax Liabilities | 1.83B | 1.81B | 1.67B | 1.66B | 1.57B | 1.27B |
| Other Long-Term Liabilities | 626.00M | 567.00M | 554.00M | 472.00M | 482.00M | 459.00M |
| Total Liabilities | 13.19B | 13.34B | 13.55B | 12.71B | 11.46B | 11.04B |
| Common Stock | 19.00M | 20.00M | 21.00M | 22.00M | 23.00M | 27.00M |
| Additional Paid-In Capital | 1.05B | 1.08B | 1.14B | 1.15B | 1.19B | 1.19B |
| Retained Earnings | 2.52B | 2.57B | 2.64B | 2.55B | 2.52B | 2.27B |
| Comprehensive Income & Other | -614.00M | -620.00M | -692.00M | -655.00M | -796.00M | -689.00M |
| Shareholders' Equity | 2.98B | 3.05B | 3.12B | 3.07B | 2.94B | 2.80B |
| Total Liabilities & Equity | 16.17B | 16.39B | 16.67B | 15.78B | 14.39B | 13.84B |
| Total Debt | 8.18B | 8.68B | 8.88B | 8.15B | 7.08B | 6.94B |
| Net Cash (Debt) | -7.98B | -8.48B | -8.73B | -7.94B | -6.82B | -6.70B |
| Net Cash Per Share | -201.90 | -202.90 | -197.38 | -170.88 | -133.96 | -125.25 |
| Filing Date Shares Outstanding | 38.22M | 39.43M | 42.08M | 43.91M | 46.29M | 53.80M |
| Total Common Shares Outstanding | 38.22M | 39.42M | 42.08M | 43.90M | 46.29M | 53.79M |
| Working Capital | -1.28B | -305.00M | -808.00M | -1.38B | -1.12B | -740.00M |
| Book Value Per Share | 77.89 | 77.43 | 74.07 | 69.91 | 63.45 | 52.02 |
| Tangible Book Value | 1.45B | 1.49B | 1.50B | 1.73B | 1.78B | 2.06B |
| Tangible Book Value Per Share | 37.97 | 37.75 | 35.69 | 39.47 | 38.48 | 38.22 |
| Land | 233.00M | 230.00M | 227.00M | 233.00M | 240.00M | |
| Buildings | 1.16B | 1.12B | 1.08B | 1.03B | 946.00M | |
| Machinery | 1.37B | 1.32B | 1.22B | 1.07B | 927.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 520.00M | 499.00M | 489.00M | 406.00M | 867.00M | 519.00M |
| Depreciation & Amortization | 2.15B | 2.14B | 2.12B | 1.95B | 1.73B | 1.79B |
| Loss (Gain) From Sale of Assets | -79.00M | -69.00M | -103.00M | -216.00M | -410.00M | -271.00M |
| Asset Writedown & Restructuring Costs | 41.00M | 47.00M | 31.00M | 55.00M | -20.00M | 14.00M |
| Other Operating Activities | 219.00M | 309.00M | 211.00M | 489.00M | 599.00M | 290.00M |
| Change in Accounts Receivable | 18.00M | -33.00M | -61.00M | -26.00M | -134.00M | -240.00M |
| Change in Accounts Payable | 45.00M | -63.00M | -32.00M | -7.00M | -29.00M | 126.00M |
| Change in Other Net Operating Assets | -355.00M | -400.00M | -539.00M | -422.00M | -428.00M | -196.00M |
| Operating Cash Flow | 2.73B | 2.59B | 2.26B | 2.35B | 2.31B | 2.18B |
| Capital Expenditures | -1.31B | -1.67B | -2.15B | -2.47B | -1.45B | -1.19B |
| Sale of Property, Plant & Equipment | 18.00M | 18.00M | 19.00M | 63.00M | 53.00M | 74.00M |
| Cash Acquisitions | -12.00M | -1.00M | -314.00M | -250.00M | -458.00M | -325.00M |
| Other Investing Activities | -1.00M | -6.00M | 4.00M | -6.00M | ||
| Investing Cash Flow | -1.30B | -1.65B | -2.45B | -2.66B | -1.85B | -1.45B |
| Long-Term Debt Issued | 892.00M | 2.08B | 2.31B | 1.36B | 560.00M | |
| Long-Term Debt Repaid | -1.12B | -1.48B | -1.58B | -1.55B | -608.00M | |
| Net Debt Issued (Repaid) | -719.00M | -230.00M | 606.00M | 726.00M | -189.00M | -48.00M |
| Issuance of Common Stock | 10.00M | 2.00M | 14.00M | 30.00M | ||
| Repurchase of Common Stock | -551.00M | -531.00M | -321.00M | -337.00M | -557.00M | -57.00M |
| Common Dividends Paid | -150.00M | -145.00M | -135.00M | -128.00M | -123.00M | -122.00M |
| Other Financing Activities | -6.00M | -7.00M | -7.00M | -6.00M | -7.00M | |
| Financing Cash Flow | -1.42B | -912.00M | 153.00M | 256.00M | -861.00M | -204.00M |
| Foreign Exchange Rate Adjustments | 13.00M | -21.00M | -9.00M | -4.00M | -1.00M | |
| Net Cash Flow | 9.00M | 44.00M | -50.00M | -63.00M | -405.00M | 521.00M |
| Free Cash Flow | 1.42B | 926.00M | 113.00M | -117.00M | 861.00M | 983.00M |
| Free Cash Flow Margin | 10.88% | 7.31% | 0.89% | -0.99% | 7.17% | 10.17% |
| Free Cash Flow Per Share | 36.00 | 22.15 | 2.56 | -2.52 | 16.92 | 18.37 |
| Levered Free Cash Flow | 1.53B | 752.75M | 136.00M | -211.25M | 1.09B | 412.95M |
| Unlevered Free Cash Flow | 1.78B | 1.01B | 377.25M | -26.25M | 1.23B | 546.70M |
| Cash Interest Paid | 379.00M | 399.00M | 372.00M | 269.00M | 214.00M | 208.00M |
| Cash Income Tax Paid | 75.00M | 52.00M | 207.00M | 96.00M | 115.00M | 45.00M |
| Change in Working Capital | -292.00M | -496.00M | -632.00M | -455.00M | -591.00M | -310.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.06B | 7.73B | 6.63B | 5.10B | 4.20B | 4.43B |
| Enterprise Value | 19.04B | 16.38B | 15.23B | 12.56B | 10.73B | 10.48B |
| Last Close Price | 282.55 | 189.06 | 151.81 | 108.82 | 76.84 | 73.62 |
| PE Ratio | 22.12 | 15.58 | 13.65 | 12.62 | 4.87 | 8.56 |
| Forward PE | 16.54 | 13.58 | 12.04 | 9.90 | 6.97 | 9.11 |
| PS Ratio | 0.84 | 0.61 | 0.53 | 0.43 | 0.35 | 0.46 |
| PB Ratio | 3.63 | 2.53 | 2.13 | 1.66 | 1.43 | 1.58 |
| P/TBV Ratio | 7.58 | 5.19 | 4.42 | 2.94 | 2.36 | 2.15 |
| P/FCF Ratio | 7.73 | 8.35 | 58.70 | 4.88 | 4.50 | |
| P/OCF Ratio | 4.03 | 2.98 | 2.93 | 2.17 | 1.82 | 2.03 |
| PEG Ratio | 1.71 | 1.71 | 1.71 | 1.39 | 0.02 | |
| EV/Sales Ratio | 1.45 | 1.29 | 1.21 | 1.07 | 0.89 | 1.08 |
| EV/EBITDA Ratio | 6.75 | 5.84 | 5.64 | 4.99 | 3.99 | 4.39 |
| EV/EBIT Ratio | 18.10 | 15.60 | 15.96 | 14.99 | 11.13 | 17.65 |
| EV/FCF Ratio | 13.34 | 17.69 | 134.77 | 12.46 | 10.67 | |
| Debt / Equity Ratio | 2.75 | 2.84 | 2.85 | 2.65 | 2.41 | 2.48 |
| Debt / EBITDA Ratio | 2.49 | 2.67 | 2.86 | 2.90 | 2.46 | 2.79 |
| Debt / FCF Ratio | 5.75 | 9.37 | 78.63 | 8.23 | 7.06 | |
| Net Debt / Equity Ratio | 2.68 | 2.78 | 2.80 | 2.59 | 2.32 | 2.40 |
| Net Debt / EBITDA Ratio | 2.84 | 3.02 | 3.23 | 3.16 | 2.54 | 2.81 |
| Net Debt / FCF Ratio | 5.61 | 9.16 | 77.27 | -67.90 | 7.92 | 6.82 |
| Asset Turnover | 0.80 | 0.77 | 0.78 | 0.78 | 0.85 | 0.72 |
| Inventory Turnover | 120.76 | |||||
| Quick Ratio | 0.59 | 0.75 | 0.62 | 0.53 | 0.57 | 0.53 |
| Current Ratio | 0.67 | 0.89 | 0.75 | 0.62 | 0.66 | 0.77 |
| Return on Equity (ROE) | 17.20% | 16.24% | 15.81% | 13.52% | 30.10% | 20.66% |
| Return on Assets (ROA) | 4.01% | 3.97% | 3.67% | 3.47% | 4.27% | 2.77% |
| Return on Invested Capital (ROIC) | 7.03% | 6.57% | 6.17% | 5.30% | 7.11% | 4.84% |
| Return on Capital Employed (ROCE) | 8.50% | 7.70% | 7.10% | 6.90% | 8.70% | 5.60% |
| Earnings Yield | 4.52% | 6.46% | 7.37% | 7.96% | 20.64% | 11.73% |
| FCF Yield | 12.93% | 11.98% | 1.70% | -2.29% | 20.50% | 22.21% |
| Dividend Yield | 1.40% | 1.75% | 1.93% | 2.29% | 2.65% | 2.77% |
| Payout Ratio | 30.87% | 29.06% | 27.61% | 31.53% | 14.19% | 23.51% |
| Buyback Yield / Dilution | 6.89% | 5.50% | 4.85% | 8.64% | 4.90% | -2.19% |
| Total Shareholder Return | 8.30% | 7.25% | 6.78% | 10.94% | 7.54% | 0.58% |