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Ryder System
(NYSE:R)
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Rating:65Neutral
Price Target:
$258.00
▲(4.80% Upside)
Action:Reiterated
Date:10/22/26
The score is driven primarily by a strong, guidance-raising earnings call and improving free cash flow outlook. This is tempered by above-average financial risk from high leverage and a mixed technical picture with negative MACD and uneven moving-average alignment; valuation appears reasonable but not notably compelling given cyclicality.
Positive Factors
Contracted Revenue Base
A revenue base dominated by long-term contracts improves visibility and supports customer retention across Ryder’s fleet, logistics, and dedicated transportation businesses. Strong pipelines, new wins, and existing-customer expansion can provide durable growth while reducing reliance on spot-market activity.
Negative Factors
High Financial Leverage
Elevated leverage constrains Ryder’s financial flexibility in a cyclical leasing-related business and increases sensitivity to interest rates, refinancing conditions, and weaker demand. It can also compete with fleet investment, acquisitions, and shareholder returns for available capital during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Revenue Base
A revenue base dominated by long-term contracts improves visibility and supports customer retention across Ryder’s fleet, logistics, and dedicated transportation businesses. Strong pipelines, new wins, and existing-customer expansion can provide durable growth while reducing reliance on spot-market activity.
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
$9.10B
Dividend Yield1.56%
Average Volume (3M)275.73K
Price to Earnings (P/E)19.5
Beta (1Y)0.99
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. Volume295,664
30 Day Avg. Volume275,731
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 Cap2.03
Enterprise Value/Revenue1.44
Enterprise Value/Gross Profit7.60
Enterprise Value/Ebitda5.01
Forecast
1Y Price Target
$289.71Price Target Upside17.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)14.66
Revenue Forecast (FY)$13.28B
Ryder System Business Overview & Revenue Model
Company Description
Ryder System, Inc. functions as a worldwide provider of logistics and transportation services, operating through three distinct segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS)....
How the Company Makes Money
Ryder makes money through a mix of contracted transportation and logistics services and recurring fleet-related fees. A major revenue stream comes from Fleet Management Solutions, where customers pay for full-service leasing or rental of commercia...
Ryder System Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Positive
The call was strongly positive. Ryder reported its eighth consecutive quarter of comparable EPS growth, higher revenue, improved ROE and free cash flow, stronger used vehicle and rental performance, solid contractual demand, and raised 2026 EPS and ROE guidance. The company also described substantial capital deployment capacity and continued strategic investments. Offsetting concerns included lower Dedicated revenue and earnings, lost automotive business, rental demand remaining below the prior year, selected wage and equipment cost pressures, fleet timing constraints, and macroeconomic, geopolitical, and EPA-related uncertainty. However, management characterized these challenges as limited or manageable and maintained a constructive outlook for 2027 and the freight-cycle recovery.Positive Updates
Eighth Consecutive Quarter of Comparable EPS Growth
Comparable EPS from continuing operations was $4.33 in the third quarter, up 21% year over year, marking Ryder's eighth consecutive quarter of comparable EPS growth. Results reflected higher Fleet Management Solutions earnings and share repurchases.
Negative Updates
Dedicated Revenue Decline and Lower Earnings
Dedicated Transportation Solutions operating revenue decreased 1% year over year because of a lower fleet count, partially offset by higher pricing. Earnings before taxes declined, reflecting lower operating revenue and a prior-year workers' compensation insurance benefit, partially offset by strategic initiative benefits.
Read all updates
Q3-2026 Updates
Positive
Negative
Eighth Consecutive Quarter of Comparable EPS Growth
Comparable EPS from continuing operations was $4.33 in the third quarter, up 21% year over year, marking Ryder's eighth consecutive quarter of comparable EPS growth. Results reflected higher Fleet Management Solutions earnings and share repurchases.
Read all positive updates
Company Guidance
Ryder increased its full year 2026 comparable EPS forecast range to $14.85-$15.05 from $14.40-$14.80, increased its 2026 ROE forecast to a range of 18%-19%, and maintained its free cash flow forecast of $700 million-$800 million and fourth quarter comparable EPS forecast range of $4.25-$4.45; it expects more than $70 million of incremental strategic-initiative benefits in 2026, approximately $40 million of upturn benefits in 2026, a potential benefit of $250 million or more by the next cycle peak, full year 2026 capital expenditures of $2.4 billion, lease capital expenditures of $1.7 billion, rental capital expenditures of $500 million, approximately $500 million in proceeds from the sale of used vehicles, and net CapEx of approximately $1.9 billion; the ending rental fleet is expected to increase 8% sequentially in the fourth quarter, resulting in an approximate 10% increase in the second half of 2026, rental utilization is expected to remain near 77% in the fourth quarter, and the company expects 2027 to show fleet increases in all three product lines, mid to high single digits lease growth, and mid-single digit SelectCare growth.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 | 3.69B | 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 Technical Analysis
Positive
246.18
Price Trends
242.37
Negative
253.72
Negative
233.40
Positive
Market Momentum
-0.81
Negative
52.97
Neutral
58.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For R, the sentiment is Positive. The current price of 246.18 is above the 20-day moving average (MA) of 235.89, above the 50-day MA of 242.37, and above the 200-day MA of 233.40, indicating a neutral trend. The MACD of -0.81 indicates Negative momentum. The RSI at 52.97 is Neutral, neither overbought nor oversold. The STOCH value of 58.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for R.
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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $64.97B | 23.59 | 31.01% | 0.72% | 6.88% | 7.64% | |
74 Outperform | $31.55B | 23.72 | 18.46% | 1.34% | ― | ― | |
65 Neutral | $9.10B | 19.51 | 16.70% | 1.56% | 1.12% | 3.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $2.07B | 99.15 | 2.66% | ― | 7.03% | ― | |
50 Neutral | $9.76B | 293.47 | 0.60% | 0.25% | 3.02% | -89.75% | |
50 Neutral | $3.96B | 179.06 | 5.46% | ― | 18.16% | ― |
* Industrials Sector Average
R
Ryder System
240.31
82.91
52.67%
UHAL
U-Haul
55.76
0.43
0.78%
URI
United Rentals
1,068.98
162.09
17.87%
CTOS
Custom Truck One Source
9.35
2.96
46.32%
EQPT
EquipmentShare.com, Inc.
16.85
-15.71
-48.25%
SUNB
Sunbelt Rentals Holdings Inc
78.50
5.77
7.93%
Ryder System Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Ryder System Lifts Outlook After Strong Q3 Earnings
Positive
Oct 22, 2026
On October 22, 2026, Ryder reported strong financial results for the third quarter ended September 30, 2026, highlighted by robust earnings growth and broad-based revenue increases across all business segments. GAAP earnings per share from continu...
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 ...
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.