Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Industrials
Industry
Rental & Leasing Services
Country
United States
Market cap
10.8B USD
Enterprise value
16.4B USD
Full-time employees
51,600
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:less profitable than most peersless profitable than peers
Drawback:growing more slowly than most peersgrowing more slowly than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.00 vs a peer median of 0.64), less short-term liquidity (current ratio 0.65 vs a peer median of 1.62) and more debt relative to equity (2.59× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.00 vs peers 0.64), less liquidity (current ratio 0.65 vs peers 1.62) and more debt vs equity (2.59× vs peers 0.40×)
Ranks #1,681 of 2,308 industrials companies (bottom 28%)
Much more borrowing than peers.Debt is 2.6× equity vs a peer median of 0.4×.Debt is 2.6× equity vs peers 0.4×.
Debt is 2.6× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.6× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Profit below an unusually strong 2022.Since 2022 (an unusually strong year for operating profit): revenue +5.4%, operating profit −44%.Since 2022: revenue +5.4%, operating profit −44%.
Since 2022, Ryder System's revenue changed +5.4% while operating profit fell 44%: costs rose faster than sales.
Share count shrinking. Shares outstanding down 17% from December 2022 to June 2026.
Ryder System had 17% fewer shares at June 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 138% of reported profit.
Ryder System's free cash flow is 138% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Why it changed since the Oct 27, 2026 close: Safety percentile 2 → 3
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Ryder System
Is Ryder System getting weaker?
Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.
How is Ryder System valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 78/100 against 2,459 industrials peers.EBITDA yield 16.0% vs a peer median of 6.9% (stronger than 86% of peers).EBITDA yield 16.0% vs peers 6.9% (stronger than 86% of peers).
Is Ryder System growing?
At about the same pace as its peers. Growth scores 40/100 against 2,459 industrials peers.Revenue growth 1.1% vs a peer median of 4.4% (weaker than 62% of peers).Revenue growth 1.1% vs peers 4.4% (weaker than 62% of peers).
How profitable is Ryder System?
Less profitable than most of its peers. Profitability scores 36/100 against 2,459 industrials peers.Operating margin 4.9% vs a peer median of 7.7% (weaker than 67% of peers).Operating margin 4.9% vs peers 7.7% (weaker than 67% of peers).
How risky is Ryder System?
Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Current ratio 0.65× vs a peer median of 1.62× (weaker than 100% of peers).Current ratio 0.65× vs peers 1.62× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 23, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
12.7B USD
12.8B USD
+1.3%
Net income (12 months)
494.0M USD
497.0M USD
+0.6%
Operating margin
5.0%
4.9%
−0.1 pts
Free cash flow (12 months)
478.0M USD
687.0M USD
+43.7%
Debt
7.7B USD
7.5B USD
−3.1%
Cash
182.0M USD
219.0M USD
+20.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
Ryder System looks cheaper than most of its peers on our valuation measures, while the Industrials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Industrials: too few Rental & Leasing Services companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
6.5%
9.9%
4.8%
5.0%
5.2%
▲ 0.2 pts
Net margin
5.4%
7.2%
3.4%
3.9%
3.9%
▲ 0.1 pts
Return on assets (ROA)
3.8%
6.0%
2.6%
2.9%
3.0%
▲ 0.1 pts
Return on equity (ROE)
18.5%
29.5%
13.2%
15.7%
16.3%
▲ 0.7 pts
Free cash flow margin
2.4%
-2.7%
-7.5%
-3.3%
3.6%
▲ 6.9 pts
Current ratio
0.77×
0.66×
0.62×
0.75×
0.89×
▲ 18%
Quick ratio
0.75×
0.64×
—
—
—
—
Debt to equity
2.36×
2.17×
2.34×
2.52×
2.52×
▲ 0.2%
Interest coverage
2.93×
5.19×
1.93×
1.62×
1.63×
▲ 0.4%
R price history
Price history is added with the daily price update and will appear after the next one.