RNYSEServices-Auto Rental & Leasing (No Drivers)Fiscal year ends December 31
RYDER SYSTEM INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$236.04−2.35 (-0.99%)
Close on Oct 19, 2026
- Market cap
- $9.18B
- P/E (TTM)
- 19.2
- Dividend yield
- 1.46%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Net margin
3.9%+5.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.2% | +1.8% | +8.5% | +6.8% | |
| Net income | +2.0% | -16.8% | – | +5.1% | |
| EPS, diluted | +8.0% | -11.2% | – | +7.7% | |
| Free cash flow | – | – | -15.0% | – | |
| Dividend per share | +13.2% | +12.7% | +9.0% | +8.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.0% | -5.2% | 16.2% | |
| Return on assets | 2.4% | -0.9% | 3.0% | |
| Current ratio | 0.63 | 0.78 | 0.89 | |
| Debt to equity | 2.62 | 2.93 | 2.50 | |
| Inventory turnover | 38.6× | – | – | |
| Capex to revenue | 28.2% | 13.6% | 16.9% | |
| Diluted shares | 53M | 52M | 42M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ryder System generated $11.70B from operations and spent $15.07B on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$11.70B
Used
$15.07B
Capital expenditure$12.62B84%Dividends$653.00M4%Share buybacks$1.79B12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.9%
×Asset turnover0.77×
×Equity multiplier5.36×
=Return on equity, FY202516.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.9% | 0.77× | 5.36× | 16.2% |
| FY2024 | 3.9% | 0.78× | 5.25× | 15.8% |
| FY2023 | 3.4% | 0.78× | 5.02× | 13.5% |
| FY2022 | 7.2% | 0.85× | 4.92× | 30.2% |
| FY2021 | 5.4% | 0.72× | 5.30× | 20.5% |
| FY2020 | -1.4% | 0.61× | 5.79× | -5.2% |
| FY2019 | -0.3% | 0.64× | 5.55× | -1.0% |
| FY2018 | 3.4% | 0.67× | 5.02× | 11.4% |
| FY2017 | 9.9% | 0.64× | 5.02× | 31.9% |
| FY2016 | 3.9% | 0.62× | 5.41× | 13.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$499.00M
- Cash generatingOperating cash flow above zero$2.59B
- Return on assets improvedROA up on the prior year3.1% → 3.0%
- Earnings backed by cashOperating cash flow above net income$2.59B vs $499.00M
- Less leverageLong-term debt to assets fell39.9% → 41.7%
- Better liquidityCurrent ratio rose0.75 → 0.89
- No dilutionShare count did not rise44M → 42M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.80 → 0.76