Ryder System
Runs leased fleets, dedicated transportation, and port-to-door supply chains across North America.
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Profile
Combines commercial-vehicle leasing and maintenance with dedicated fleets, professional drivers, warehousing, fulfillment, and transportation management. Operations center on North America, with contracted logistics built around an asset-intensive fleet base.
Organizes commercial transportation through three segments. Fleet Management Solutions leases, rents, and maintains commercial vehicles; Dedicated Transportation Solutions combines vehicles, drivers, and technology to operate private fleets; Supply Chain Solutions covers warehousing, transportation logistics, fulfillment, contract packaging and manufacturing, and last-mile delivery.
Concentrates outsourced logistics and transportation operations in North America. The operating model links vehicle ownership and preventive maintenance with professional drivers, facilities, inventory movement, and coordinated transport, extending a fleet-services base into port-to-door supply chains.
Depends on vehicle ownership and residual-value management in Fleet Management Solutions, the availability of professional drivers and technicians, customer demand for outsourcing, and consistent execution of contracted transportation and warehouse services. Freight-market cycles also shape operating conditions.
Company facts
Categories
Key statistics
Year to date +26.6% · Average volume (30d) 310.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Barclays | Reiterate | Overweight | $290 | $300 | |
| Jul 24, 2026 | Morgan Stanley | Target | $280 | $320 | ||
| Jul 24, 2026 | Susquehanna | Reiterate | Positive | $250 | $310 | |
| Jul 24, 2026 | Wells Fargo | Reiterate | Overweight | $290 | $300 | |
| Jul 15, 2026 | Citigroup | Initiate | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $3.69 | $3.73 | +1.1% | $3.29B | $3.35B | +1.7% | −0.09% |
| Apr 23, 2026Q1 FY26 | $2.29 | $2.54 | +10.9% | $3.14B | $3.13B | −0.5% | +4.43% |
| Feb 11, 2026Q4 FY25 | $3.66 | $3.59 | −1.9% | $3.20B | $3.18B | −0.8% | −4.28% |
| Oct 23, 2025Q3 FY25 | $3.56 | $3.57 | +0.3% | $3.21B | $3.17B | −1.2% | +0.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.14B | $3.19B | $3.17B | $3.19B | $3.14B | $3.35B | |
| Gross profit | $616.0M | $660.0M | $668.0M | $637.0M | $606.0M | $523.0M | |
| Operating income | $248.0M | $282.0M | $288.0M | $290.0M | $226.0M | $133.0M | |
| Net income | $98.0M | $131.0M | $138.0M | $132.0M | $93.0M | $133.0M | |
| Diluted EPS | $2.27 | $3.11 | $3.33 | $3.25 | $2.34 | $3.40 | |
| Gross margin | 19.6% | 20.7% | 21.0% | 20.0% | 19.3% | 15.6% | |
| Operating margin | 7.9% | 8.8% | 9.1% | 9.1% | 7.2% | 4.0% |
Fiscal years (4-quarter sums)FY21 $9.92B · FY22 $12.46B · FY23 $11.98B · FY24 $12.71B · FY25 $12.69B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $219.0M · Total debt $8.45B · Total assets $16.09B · Shareholders' equity $2.88B
Dividends
Raised for 45 straight years — most recently to $1.01 from $0.91 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 24, 2026 | Aug 24 | Sep 18 | $1.01 | raised from $0.91 |
| May 18, 2026 | May 18 | Jun 19 | $0.91 | |
| Feb 17, 2026 | Feb 17 | Mar 20 | $0.91 | |
| Nov 17, 2025 | Nov 17 | Dec 19 | $0.91 | |
| Aug 18, 2025 | Aug 18 | Sep 19 | $0.91 | raised from $0.81 |
| May 19, 2025 | May 19 | Jun 20 | $0.81 | |
| Feb 18, 2025 | Feb 18 | Mar 21 | $0.81 | |
| Nov 18, 2024 | Nov 18 | Dec 20 | $0.81 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 38.35M · Float 36.97M · 96.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.02M | 10.49% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.64M | 6.88% | 13F | Aug 13, 2026 |
| Vanguard Capital Management | 1.98M | 5.12% | 13G | Jul 31, 2026 |
| State Street Corp | 1.78M | 4.63% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.60M | 4.18% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 29, 2026 | Robert D. Fatovic | officer: EVP, CLO & Corp. Secretary | −5,000 | $249.85 |
| May 28, 2026 | Sanford J. Hodes | officer: SVP, C Procur Of, Corp Dev Of | −595 | $251.95 |
| May 4, 2026 | Luis P. Jr Nieto | director | −720 | $235.79 |
| Feb 24, 2026 | Robert E. Sanchez | director, officer: Chair and CEO | −41,779 | $223.30 |
| Feb 25, 2026 | John J. Diez | officer: President and COO | −9,632 | $222.20 |
Peers
- J.B. Hunt
Large overlap in dedicated fleets, brokerage, and final mile
- GXO Logistics
Scaled contract-logistics overlap in warehousing and fulfillment
- Schneider National
Dedicated transportation and logistics overlap across North America
- C.H. Robinson Worldwide
Freight brokerage and managed-transportation platform overlap
- PACCAR
PacLease overlaps commercial truck leasing, rental, and maintenance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ryder System | $245.86 | +0.04% | $9.43B | 20.0 | 15.1 | 0.7 | +5.0% |
| J.B. Hunt | $261.03 | −0.02% | $24.51B | 37.0 | 29.5 | 1.9 | +19.4% |
| GXO Logistics | $47.60 | +0.04% | $5.48B | 42.0 | 14.4 | 0.4 | +4.3% |
| Schneider National | $34.44 | −0.04% | $6.03B | 53.8 | 25.6 | 1.0 | +10.4% |
| C.H. Robinson Worldwide | $150.39 | −0.03% | $17.73B | 28.7 | 21.9 | 1.0 | +19.3% |
| PACCAR | $125.65 | +0.26% | $65.97B | 26.3 | 18.9 | 2.4 | −6.8% |
| Median | 37.0 | 21.9 | 1.0 | +10.4% |