Ryder Sys Financials
This page shows Ryder Sys (R) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Ryder’s economics are driven less by sales growth than by an asset-heavy reinvestment cycle that swings free cash flow.
Operating cash flow stayed above$2.2B while net income hovered near$500M , showing how depreciation-heavy assets create far more cash before reinvestment than earnings alone suggest. When capital spending fell to$2.14B from$3.23B , free cash flow moved back above zero without a comparable lift in revenue.
Liquidity still runs tight for a company with heavy equipment needs: the current ratio improved to 0.9x from 0.6x, but short-term obligations still exceed current assets. That leaves the balance sheet reliant on steady asset turnover and refinancing rather than a large cash cushion, with cash at
In FY2025, cash deployment became more flexible: long-term debt fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ryder Sys's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ryder Sys's revenue grew a modest 0.2% year-over-year to $12.7B. This slow but positive growth earns a score of 45/100.
Ryder Sys has elevated debt relative to equity (D/E of 2.24), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.
Ryder Sys's current ratio of 0.89 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Ryder Sys's free cash flow margin of 3.6% results in a low score of 27/100. Capital expenditures of $2.1B absorb a large share of operating cash flow.
Ryder Sys passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ryder Sys generates $5.20 in operating cash flow ($2.6B OCF vs $499.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Ryder Sys generated $12.7B in revenue in fiscal year 2025. This represents an increase of 0.2% from the prior year.
Ryder Sys reported $499.0M in net income in fiscal year 2025. This represents an increase of 2.0% from the prior year.
Ryder Sys earned $11.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Cash & Balance Sheet
Ryder Sys generated $459.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 209.8% from the prior year.
Ryder Sys held $198.0M in cash against $6.8B in long-term debt as of fiscal year 2025.
Ryder Sys paid $3.44 per share in dividends in fiscal year 2025. This represents an increase of 13.2% from the prior year.
Ryder Sys had 39M shares outstanding in fiscal year 2025. This represents a decrease of 6.3% from the prior year.
Margins & Returns
Ryder Sys's net profit margin was 3.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Ryder Sys's ROE was 16.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
Ryder Sys spent $519.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 61.7% from the prior year.
Ryder Sys invested $2.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 20.4% from the prior year.
R Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1B-1.5% | $3.2B+0.1% | $3.2B-0.6% | $3.2B+1.9% | $3.1B-1.8% | $3.2B+0.6% | $3.2B-0.4% | $3.2B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $380.0M+10.5% | $344.0M-9.5% | $380.0M+0.5% | $378.0M+2.7% | $368.0M+1.1% | $364.0M-1.1% | $368.0M0.0% | $368.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $97.0M-3.0% | $100.0M-2.0% | $102.0M0.0% | $102.0M+2.0% | $100.0M0.0% | $100.0M+2.0% | $98.0M+2.1% | $96.0M |
| Income Tax | $25.0M-44.4% | $45.0M-11.8% | $51.0M-1.9% | $52.0M+44.4% | $36.0M-21.7% | $46.0M+2.2% | $45.0M-13.5% | $52.0M |
| Net Income | $93.0M-29.5% | $132.0M-4.3% | $138.0M+5.3% | $131.0M+33.7% | $98.0M-27.4% | $135.0M-4.9% | $142.0M+11.8% | $127.0M |
| EPS (Diluted) | $2.33 | N/A | $3.32+6.1% | $3.13+37.9% | $2.27 | N/A | $3.24+14.1% | $2.84 |
R Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.2B-1.0% | $16.4B-1.0% | $16.5B+0.5% | $16.5B+0.3% | $16.4B-1.5% | $16.7B+1.1% | $16.5B+0.5% | $16.4B |
| Current Assets | $2.5B+0.5% | $2.5B-5.2% | $2.6B+11.5% | $2.3B+0.5% | $2.3B-5.5% | $2.5B+3.4% | $2.4B+0.4% | $2.4B |
| Cash & Equivalents | $182.0M-8.1% | $198.0M+4.8% | $189.0M+5.0% | $180.0M+19.2% | $151.0M-1.9% | $154.0M-4.9% | $162.0M-1.2% | $164.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.2B+0.5% | $1.2B0.0% | $1.2B0.0% | $1.2B-0.8% | $1.2B+0.3% | $1.2B+2.8% | $1.1B+1.0% | $1.1B |
| Total Liabilities | $13.4B+0.3% | $13.3B-0.9% | $13.5B+0.4% | $13.4B-0.2% | $13.4B-1.0% | $13.6B+0.8% | $13.4B+0.9% | $13.3B |
| Current Liabilities | $3.7B+32.0% | $2.8B+8.5% | $2.6B-10.8% | $2.9B-10.3% | $3.2B-2.3% | $3.3B+1.9% | $3.2B+0.8% | $3.2B |
| Long-Term Debt | $6.0B-12.5% | $6.8B-6.2% | $7.3B+4.1% | $7.0B+5.1% | $6.7B-14.3% | $7.8B+17.2% | $6.6B+2.8% | $6.5B |
| Total Equity | $2.9B-6.4% | $3.1B-1.4% | $3.1B+0.7% | $3.1B+2.4% | $3.0B-3.7% | $3.1B+2.0% | $3.1B-0.8% | $3.1B |
| Retained Earnings | $2.4B-5.7% | $2.6B-1.8% | $2.6B+1.0% | $2.6B+0.8% | $2.6B-2.8% | $2.6B+2.6% | $2.6B-0.5% | $2.6B |
R Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $583.0M-22.2% | $749.0M+69.5% | $442.0M-41.2% | $752.0M+15.5% | $651.0M+16.7% | $558.0M-11.3% | $629.0M+13.9% | $552.0M |
| Capital Expenditures | $427.0M+5.4% | $405.0M-23.1% | $527.0M-23.5% | $689.0M+34.0% | $514.0M-32.5% | $761.0M+27.0% | $599.0M-6.3% | $639.0M |
| Free Cash Flow | $156.0M-54.7% | $344.0M+504.7% | -$85.0M-234.9% | $63.0M-54.0% | $137.0M+167.5% | -$203.0M-776.7% | $30.0M+134.5% | -$87.0M |
| Investing Cash Flow | -$321.0M-7.0% | -$300.0M+26.3% | -$407.0M+26.0% | -$550.0M-39.9% | -$393.0M+39.0% | -$644.0M-29.6% | -$497.0M-0.4% | -$495.0M |
| Financing Cash Flow | -$277.0M+37.5% | -$443.0M-1672.0% | -$25.0M+86.3% | -$183.0M+29.9% | -$261.0M-396.6% | $88.0M+168.2% | -$129.0M-5.7% | -$122.0M |
| Dividends Paid | $39.0M+5.4% | $37.0M0.0% | $37.0M+12.1% | $33.0M-13.2% | $38.0M+11.8% | $34.0M-2.9% | $35.0M+12.9% | $31.0M |
| Share Buybacks | $233.0M+37.9% | $169.0M+89.9% | $89.0M-5.3% | $94.0M-43.7% | $167.0M+328.2% | $39.0M-72.3% | $141.0M+56.7% | $90.0M |
R Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 3.0%-1.2pp | 4.2%-0.2pp | 4.3%+0.2pp | 4.1%+1.0pp | 3.1%-1.1pp | 4.2%-0.3pp | 4.5%+0.5pp | 4.0% |
| Return on Equity | 3.3%-1.1pp | 4.3%-0.1pp | 4.5%+0.2pp | 4.3%+1.0pp | 3.3%-1.1pp | 4.3%-0.3pp | 4.7%+0.5pp | 4.1% |
| Return on Assets | 0.6%-0.2pp | 0.8%-0.0pp | 0.8%+0.0pp | 0.8%+0.2pp | 0.6%-0.2pp | 0.8%-0.1pp | 0.9%+0.1pp | 0.8% |
| Current Ratio | 0.68-0.2 | 0.89-0.1 | 1.02+0.2 | 0.82+0.1 | 0.73-0.0 | 0.75+0.0 | 0.740.0 | 0.74 |
| Debt-to-Equity | 2.09-0.1 | 2.24-0.1 | 2.35+0.1 | 2.27+0.1 | 2.21-0.3 | 2.49+0.3 | 2.17+0.1 | 2.09 |
| FCF Margin | 5.0%-5.8pp | 10.8%+13.5pp | -2.7%-4.7pp | 2.0%-2.4pp | 4.4%+10.8pp | -6.4%-7.3pp | 0.9%+3.7pp | -2.7% |
Note: The current ratio is below 1.0 (0.89), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Ryder Sys's annual revenue?
Ryder Sys (R) reported $12.7B in total revenue for fiscal year 2025. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ryder Sys's revenue growing?
Ryder Sys (R) revenue grew by 0.2% year-over-year, from $12.6B to $12.7B in fiscal year 2025.
Is Ryder Sys profitable?
Yes, Ryder Sys (R) reported a net income of $499.0M in fiscal year 2025, with a net profit margin of 3.9%.
How much debt does Ryder Sys have?
As of fiscal year 2025, Ryder Sys (R) had $198.0M in cash and equivalents against $6.8B in long-term debt.
What is Ryder Sys's net profit margin?
Ryder Sys (R) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ryder Sys pay dividends?
Yes, Ryder Sys (R) paid $3.44 per share in dividends during fiscal year 2025.
What is Ryder Sys's return on equity (ROE)?
Ryder Sys (R) has a return on equity of 16.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ryder Sys's free cash flow?
Ryder Sys (R) generated $459.0M in free cash flow during fiscal year 2025. This represents a 209.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ryder Sys's operating cash flow?
Ryder Sys (R) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ryder Sys's total assets?
Ryder Sys (R) had $16.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ryder Sys's capital expenditures?
Ryder Sys (R) invested $2.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ryder Sys's current ratio?
Ryder Sys (R) had a current ratio of 0.89 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Ryder Sys's debt-to-equity ratio?
Ryder Sys (R) had a debt-to-equity ratio of 2.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ryder Sys's return on assets (ROA)?
Ryder Sys (R) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ryder Sys's Piotroski F-Score?
Ryder Sys (R) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ryder Sys's earnings high quality?
Ryder Sys (R) has an earnings quality ratio of 5.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ryder Sys?
Ryder Sys (R) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.