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Ryder System, Inc. (R) 10-Year Financial Performance & Capital Metrics

R • • Industrial / General
IndustrialsRental & LeasingVehicle Rental & LeasingTruck & Commercial Vehicle Rental
AboutRyder System, Inc. operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services. This segment also provides access to diesel fuel; offers fuel planning and tax reporting, cards, and monitoring services, and centralized billing; and sells used vehicles through its 63 retail sales centers and www.ryder.com/used-trucks website. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. Ryder System, Inc. was founded in 1933 and is headquartered in Miami, Florida.Show more
  • Revenue $12.64B +7.2%
  • EBITDA $2.74B -5.3%
  • Net Income $489M +20.4%
  • EPS (Diluted) 11.06 +27.3%
  • Gross Margin 19.15% -0.3%
  • EBITDA Margin 21.7% -11.7%
  • Operating Margin 7.87% +5.7%
  • Net Margin 3.87% +12.3%
  • ROE 15.81% +16.9%
  • ROIC 6.53% +2.9%
  • Debt/Equity 2.85 +7.4%
  • Interest Coverage 2.58 -13.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓20 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 19.9%
  • ✓Share count reduced 4.8% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 2.9x
  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.65%
5Y7.2%
3Y9.35%
TTM1.68%

Profit (Net Income) CAGR

10Y8.38%
5Y-
3Y-1.97%
TTM5.02%

EPS CAGR

10Y10.41%
5Y-
3Y4.65%
TTM10.77%

ROCE

10Y Avg5.67%
5Y Avg6.47%
3Y Avg8.11%
Latest7.79%

Peer Comparison

Truck & Commercial Vehicle Rental
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
UHALU-Haul Holding Company1.12B57.3333.923.61%3.31%2.54%0.97
RRyder System, Inc.7.84B194.2617.567.24%3.96%16.23%2.85

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.57B6.79B7.3B8.41B8.93B8.42B9.66B12.01B11.78B12.64B
Revenue Growth %-0.01%0.03%0.08%0.15%0.06%-0.06%0.15%0.24%-0.02%0.07%
Cost of Goods Sold+5.09B5.29B5.83B6.82B7.56B7.14B7.86B9.62B9.52B10.22B
COGS % of Revenue0.77%0.78%0.8%0.81%0.85%0.85%0.81%0.8%0.81%0.81%
Gross Profit+1.49B1.5B1.46B1.59B1.37B1.28B1.8B2.39B2.26B2.42B
Gross Margin %0.23%0.22%0.2%0.19%0.15%0.15%0.19%0.2%0.19%0.19%
Gross Profit Growth %0.07%0.01%-0.03%0.09%-0.14%-0.07%0.41%0.33%-0.05%0.07%
Operating Expenses+961.58M956.16M983.73M973.37M1.03B1.02B1.19B1.42B1.39B1.43B
OpEx % of Revenue0.15%0.14%0.13%0.12%0.12%0.12%0.12%0.12%0.12%0.11%
Selling, General & Admin961.58M956.16M868.22M849.41M907.45M921.57M1.05B1.42B1.39B1.43B
SG&A % of Revenue0.15%0.14%0.12%0.1%0.1%0.11%0.11%0.12%0.12%0.11%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses00115.51M123.96M121.98M95.42M132.07M000
Operating Income+523.87M545.26M480.04M616.25M341.15M258.5M614.95M975M878M995M
Operating Margin %0.08%0.08%0.07%0.07%0.04%0.03%0.06%0.08%0.07%0.08%
Operating Income Growth %0.16%0.04%-0.12%0.28%-0.45%-0.24%1.38%0.59%-0.1%0.13%
EBITDA+1.65B1.74B1.74B2.09B2.31B2.39B2.41B2.92B2.9B2.74B
EBITDA Margin %0.25%0.26%0.24%0.25%0.26%0.28%0.25%0.24%0.25%0.22%
EBITDA Growth %0.11%0.05%0%0.2%0.11%0.03%0.01%0.21%-0.01%-0.05%
D&A (Non-Cash Add-back)1.13B1.19B1.26B1.48B1.97B2.13B1.79B1.95B2.02B1.75B
EBIT619.65M554.22M454.89M569.96M199.11M130.98M906.53M1.44B914M1.05B
Net Interest Income+-150.43M-147.84M-129.83M-180.49M-241.38M-261.34M-213.89M-228M-296M-386M
Interest Income0010.52M0000000
Interest Expense150.43M147.84M140.35M180.49M241.38M261.34M213.89M228M296M386M
Other Income/Expense-54.65M-138.88M-165.49M-226.78M-383.42M-388.86M77.69M241M-260M-334M
Pretax Income+469.21M406.38M314.55M389.47M-42.27M-130.36M692.64M1.22B618M661M
Pretax Margin %0.07%0.06%0.04%0.05%-0%-0.02%0.07%0.1%0.05%0.05%
Income Tax+163.23M141.74M-477.74M102.55M-19M-18.36M171.04M353M212M172M
Effective Tax Rate %0.65%0.65%2.51%0.7%0.55%0.94%0.75%0.71%0.66%0.74%
Net Income+304.8M262.5M790.6M273.3M-23.27M-122.77M519M867M406M489M
Net Margin %0.05%0.04%0.11%0.03%-0%-0.01%0.05%0.07%0.03%0.04%
Net Income Growth %0.39%-0.14%2.01%-0.65%-1.09%-4.28%5.23%0.67%-0.53%0.2%
Net Income (Continuing)305.99M264.64M792.29M286.92M-23.27M-112M521.6M863M406M489M
Discontinued Operations-1.22M-2.16M-457K-2.31M-1.14M-10.25M-2.56M4M00
Minority Interest0000000000
EPS (Diluted)+5.714.9113.535.19-0.45-2.349.6516.948.6911.06
EPS Growth %0.39%-0.14%1.76%-0.62%-1.09%-4.2%5.12%0.76%-0.49%0.27%
EPS (Basic)5.754.9513.635.22-0.45-2.349.9417.409.2011.29
Diluted Shares Outstanding53.26M53.36M52.99M52.7M52.35M52.36M53.51M50.89M46.49M44.23M
Basic Shares Outstanding52.81M53.02M52.61M52.39M52.35M52.36M52.34M49.55M43.9M43.08M
Dividend Payout Ratio0.27%0.35%0.12%0.41%--0.24%0.14%0.32%0.28%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.1B1.1B1.32B1.57B1.56B1.6B2.46B2.2B2.27B2.46B
Cash & Short-Term Investments60.9M58.8M78.3M68.1M73.58M151.29M234M267M204M154M
Cash Only60.9M58.8M78.3M68.1M73.58M151.29M234M267M204M154M
Short-Term Investments0000000000
Accounts Receivable835.49M831.95M1.01B1.24B1.23B1.18B1.46B1.61B1.71B1.86B
Days Sales Outstanding46.444.7450.5753.8850.2451.2555.3348.9353.0953.76
Inventory63.73M69.53M73.54M79.23M80.82M61.19M68.68M78M00
Days Inventory Outstanding4.574.84.64.243.93.133.192.96--
Other Current Assets51.32M48.89M46.6M65.43M179.16M200.69M286K0347M448M
Total Non-Current Assets+9.87B9.8B10.13B11.48B12.91B11.34B11.37B12.2B13.51B14.21B
Property, Plant & Equipment8.9B8.89B9.13B10.34B11.56B9.96B9.31B9.95B10.96B2.24B
Fixed Asset Turnover0.74x0.76x0.80x0.81x0.77x0.85x1.04x1.21x1.08x5.64x
Goodwill389.13M386.77M395.5M475.21M475.02M475.25M570.9M861M940M1.16B
Intangible Assets55.19M48.25M42.93M59.08M50.91M43.22M170.21M295M396M457M
Long-Term Investments41.72M48.45M61.42M59.4M00-1.27B009.21B
Other Non-Current Assets-1.1B-1.26B491.4M533.06M810.08M852.93M1.32B1.09B1.22B1.15B
Total Assets+10.97B10.9B11.45B13.05B14.48B12.93B13.83B14.39B15.78B16.67B
Asset Turnover0.60x0.62x0.64x0.64x0.62x0.65x0.70x0.83x0.75x0.76x
Asset Growth %0.13%-0.01%0.05%0.14%0.11%-0.11%0.07%0.04%0.1%0.06%
Total Current Liabilities+1.05B952.7M1.19B1.36B2.63B2.05B3.2B3.32B3.65B3.27B
Accounts Payable502.37M445.47M599.3M731.88M594.71M547.39M747.9M767M833M828M
Days Payables Outstanding36.0530.7637.539.1428.7327.9634.7229.131.9429.58
Short-Term Debt634.53M791.41M826.07M937.13M1.23B595.37M1.33B1.35B1.58B1.12B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K-1000K1000K
Other Current Liabilities349.41M299.14M105.53M252.39M476.24M533.34M-165.33M136M245M198M
Current Ratio1.05x1.16x1.11x1.15x0.59x0.78x0.77x0.66x0.62x0.75x
Quick Ratio0.99x1.08x1.05x1.09x0.56x0.75x0.75x0.64x0.62x0.75x
Cash Conversion Cycle14.9318.7817.6718.9725.4126.4123.7922.79--
Total Non-Current Liabilities+7.93B7.9B7.43B8.78B9.37B8.62B7.84B8.14B9.06B10.28B
Long-Term Debt4.87B4.6B4.58B5.71B6.73B6.06B5.22B5B5.5B6.61B
Capital Lease Obligations000137.38M190.7M221.56M287M541M833M858M
Deferred Tax Liabilities1.59B1.69B1.21B1.3B1.16B1.13B1.27B1.57B1.66B1.67B
Other Non-Current Liabilities824.51M817.57M2.02B2.44B852.16M771.17M647M661M703M710M
Total Liabilities8.98B8.85B8.62B10.14B12B10.68B11.04B11.46B12.71B13.55B
Total Debt+5.52B5.39B5.41B6.62B8.15B6.88B6.94B7.08B8.15B8.88B
Net Debt5.46B5.33B5.33B6.56B8.07B6.72B6.35B6.82B7.94B8.73B
Debt / Equity2.78x2.63x1.91x2.28x3.29x3.05x2.48x2.41x2.65x2.85x
Debt / EBITDA3.34x3.10x3.11x3.16x3.52x2.88x2.88x2.42x2.81x3.24x
Net Debt / EBITDA3.30x3.07x3.06x3.13x3.49x2.82x2.63x2.33x2.74x3.18x
Interest Coverage3.48x3.69x3.42x3.41x1.41x0.99x2.88x4.28x2.97x2.58x
Total Equity+1.99B2.05B2.83B2.91B2.48B2.26B2.8B2.94B3.07B3.12B
Equity Growth %0.09%0.03%0.38%0.03%-0.15%-0.09%0.24%0.05%0.04%0.02%
Book Value per Share37.3138.4653.5055.2347.3043.0852.2957.7266.0270.47
Total Shareholders' Equity1.99B2.05B2.83B2.91B2.48B2.26B2.8B2.94B3.07B3.12B
Common Stock26.75M26.73M26.48M26.56M26.64M26.87M26.9M23M22M21M
Retained Earnings1.67B1.83B2.47B2.71B2.18B1.91B2.27B2.52B2.55B2.64B
Treasury Stock0000000000
Accumulated OCI-712.74M-834.03M-707.5M-911.32M-836.49M-817.2M-689.24M-796M-655M-692M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.44B1.6B1.55B1.64B2.14B2.18B2.17B2.31B2.35B2.27B
Operating CF Margin %0.22%0.24%0.21%0.19%0.24%0.26%0.23%0.19%0.2%0.18%
Operating CF Growth %0.05%0.11%-0.03%0.06%0.31%0.02%-0%0.06%0.02%-0.04%
Net Income305.99M264.64M791.01M275.61M-23.73M-112.51M522M863M406M489M
Depreciation & Amortization1.21B1.26B1.27B1.43B1.97B2.13B1.81B1.83B1.81B1.75B
Stock-Based Compensation21.18M18.66M18.97M24.95M00046M083M
Deferred Taxes154.04M124.89M-499.78M104.6M-32.33M-32.87M126M266M115M21M
Other Non-Cash Items-117.81M-972K17.24M37.25M359.88M263.51M26M-105M473M557M
Working Capital Changes-132.3M-61.51M-74.48M-240.98M-136.05M-64.2M-310M-591M-455M-632M
Change in Receivables-40.32M-51.75M-173.84M471.87M27.15M-5.36M-240M-134M-26M-61M
Change in Inventory1.45M-5.91M-3.3M-5.78M-1.33M20.09M-7.49M-9M00
Change in Payables-74.38M94.32M66.15M16.87M-26.6M28.86M126M-29M-7M-32M
Cash from Investing+-2.16B-1.41B-1.37B-2.75B-3.21B-601.55M-1.45B-1.85B-2.66B-2.45B
Capital Expenditures-2.67B-1.91B-1.86B-3.05B-3.74B-1.15B-1.94B-2.63B-3.23B-2.68B
CapEx % of Revenue0.41%0.28%0.25%0.36%0.42%0.14%0.2%0.22%0.27%0.21%
Acquisitions----------
Investments----------
Other Investing506.62M499.32M501.34M471.29M2.26M-7.25M816M1.24B821M550M
Cash from Financing+731.49M-185.92M-155.12M1.09B1.08B-1.51B-204M-861M256M153M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-83.2M-91.04M-95.81M-111.86M-116.47M-119.04M-122M-123M-128M-135M
Share Repurchases----------
Other Financing-11.08M18.09M25.71M11.42M0-10.61M-7M-6M-7M-7M
Net Change in Cash----------
Free Cash Flow+-1.23B-304.13M-312.45M-1.42B-1.59B1.03B234M-321M-881M-418M
FCF Margin %-0.19%-0.04%-0.04%-0.17%-0.18%0.12%0.02%-0.03%-0.07%-0.03%
FCF Growth %-0.38%0.75%-0.03%-3.53%-0.13%1.65%-0.77%-2.37%-1.74%0.53%
FCF per Share-23.02-5.70-5.90-26.86-30.4619.764.37-6.31-18.95-9.45
FCF Conversion (FCF/Net Income)4.73x6.10x1.96x5.98x-91.98x-17.77x4.19x2.66x5.80x4.63x
Interest Paid144.97M143.99M129.56M161.83M00208M214M269M372M
Taxes Paid13.38M14.06M13.69M22.96M0045M115M96M207M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)16.01%13%32.35%9.51%-0.86%-5.19%20.54%30.24%13.52%15.81%
Return on Invested Capital (ROIC)5.73%5.52%4.63%5.24%2.56%1.99%4.99%7.6%6.34%6.53%
Gross Margin22.6%22.12%20.06%18.89%15.36%15.15%18.64%19.9%19.21%19.15%
Net Margin4.64%3.87%10.83%3.25%-0.26%-1.46%5.37%7.22%3.45%3.87%
Debt / Equity2.78x2.63x1.91x2.28x3.29x3.05x2.48x2.41x2.65x2.85x
Interest Coverage3.48x3.69x3.42x3.41x1.41x0.99x2.88x4.28x2.97x2.58x
FCF Conversion4.73x6.10x1.96x5.98x-91.98x-17.77x4.19x2.66x5.80x4.63x
Revenue Growth-1.01%3.27%7.52%15.31%6.08%-5.67%14.76%24.3%-1.9%7.24%

Revenue by Segment

2015201620172018201920202021202220232024
Fleet Management Solutions-4.13B4.26B4.68B5.57B5.17B5.68B6.33B5.93B5.89B
Fleet Management Solutions Growth--3.29%9.70%19.10%-7.20%9.83%11.41%-6.27%-0.71%
Supply Chain Solutions1.55B1.64B1.97B2.4B2.55B2.54B3.15B4.72B4.88B5.3B
Supply Chain Solutions Growth-5.82%20.25%21.76%6.39%-0.27%23.99%49.61%3.28%8.72%
Dedicated Transportation Solutions895.54M1.02B1.1B1.33B1.42B1.23B1.46B1.79B1.78B2.45B
Dedicated Transportation Solutions Growth-14.00%7.36%21.65%6.31%-13.27%18.53%22.56%-0.06%37.03%
Eliminations-----614.36M-524.17M-627.98M-822M-807M-
Eliminations Growth-----14.68%-19.80%-30.90%1.82%-

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES5.6B5.89B6.38B7.39B7.9B7.52B8.68B11.07B10.93B11.77B
UNITED STATES Growth-5.15%8.25%15.81%6.94%-4.86%15.48%27.58%-1.27%7.69%
CANADA408.32M387.71M428.25M464.69M497.15M459.82M502.38M528M538M538M
CANADA Growth--5.05%10.46%8.51%6.99%-7.51%9.25%5.10%1.89%0.00%
MEXICO139.58M139.18M170.4M198.15M222.36M189.57M219.48M260M313M325M
MEXICO Growth--0.29%22.43%16.29%12.22%-14.74%15.78%18.46%20.38%3.83%
Europe391.34M339.42M321.38M335.47M302.99M254.98M262.07M150M--
Europe Growth--13.27%-5.32%4.39%-9.68%-15.84%2.78%-42.76%--
SINGAPORE--30.79M23.86M3.29M-----
SINGAPORE Growth----22.52%-86.20%-----
Foreign968.2M894.6M950.82M-------
Foreign Growth--7.60%6.28%-------
Asia28.95M28.29M--------
Asia Growth--2.27%--------

Frequently Asked Questions

Valuation & Price

Ryder System, Inc. (R) has a price-to-earnings (P/E) ratio of 17.6x. This is roughly in line with market averages.

Growth & Financials

Ryder System, Inc. (R) reported $12.68B in revenue for fiscal year 2024. This represents a 110% increase from $6.05B in 2011.

Ryder System, Inc. (R) grew revenue by 7.2% over the past year. This is steady growth.

Yes, Ryder System, Inc. (R) is profitable, generating $502.0M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Ryder System, Inc. (R) pays a dividend with a yield of 1.57%. This makes it attractive for income-focused investors.

Ryder System, Inc. (R) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.

Ryder System, Inc. (R) had negative free cash flow of $88.0M in fiscal year 2024, likely due to heavy capital investments.

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