Ryder System, Inc. (R) Stock

Ryder System, Inc. (R) is a Consumer Discretionary stock trading at $243.05 (as of 2026-09-02), with a market capitalization of $9.32B and a trailing P/E of 18.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ryder System, Inc. is a global logistics and transportation company operating through Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions. Its services include vehicle leasing and maintenance, commercial rentals, fuel planning and related billing support, distribution management, and dedicated transportation and driver and equipment-related support.

Understand Ryder System, Inc.: how it makes money

Ryder provides commercial fleet leasing, maintenance, and dedicated transportation services to corporate clients, earning recurring fees on long-term contracts. Most revenue is contract-based, with fleet management as the anchor service and supply chain and transportation logistics filling out the rest.

Ryder monetizes a depreciating truck and trailer fleet by leasing it under long-term contracts, then recaptures residual value when used vehicles are sold at lease end.

Revenue by segment (latest quarter)
Fleet Management$1.3B
Supply Chain$1.0B
Dedicated Transportation$0.5B
Other$0.3B

Business quality (Mixed): Solid contract base and 17% ROE, but a 5.5% operating margin and a 31% valuation premium to the industry leave little cushion for execution missteps.

Valuation: At 19× earnings, R trades 31% above the Personal Services average (14×).

Bull case

  • Contract revenue is highly visible: Management noted that long-term contracts generate more than 90% of revenue, which shields the top line from spot-market swings and gives investors a strong earnings-visibility anchor.
  • Three-year growth runway is ample: Flexible deployment capacity totals approximately $4.5 billion over the next three years, meaning Ryder has contracted demand it can serve without having to originate new business immediately.
  • Used-vehicle sales add margin: Used-vehicle gains are now expected to reach approximately $40 million in 2026, a recurring profit stream that accumulates each time a lease term ends and the vehicle is resold.

Bear case

  • Supply-chain growth is slipping: Management flagged that supply-chain projects are ramping slower than expected and some launches have moved to 2027, which delays the revenue contribution from the second-largest segment.
  • Fleet margins still below target: Fleet management profitability remains below its long-term target, so the largest revenue segment is not yet delivering the margin profile the valuation implies.
  • Premium multiple leaves no slack: The stock trades at 19.0x earnings versus a 14.5x industry average, a 31% premium that prices in continued execution and assumes the margin gap closes on schedule.
Valuation — source: SEC EDGAR (first-party)
Price$243.05
Market Cap$9.32B
P/E Ratio18.8
EV / EBITDA3.8
Price / Book3.24
Price / Sales0.73
FCF Yield4.9%
DCF Value (model)$155.37
DCF Upside vs Price-36.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$12.66B
Net Margin3.9%
Revenue Growth (YoY)5.0%
EPS Growth (YoY)7.9%
FCF Growth (YoY)331.7%
Financial Health — source: SEC EDGAR
Altman Z-Score1.54 (distress)
Valuation vs Sector & Industry
Stock P/E18.8
Sector P/E (Consumer Discretionary)20.1
Industry P/E (Personal Services)15.9
vs Sector-6.6%
vs Industry18.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($927.00M)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorConsumer Discretionary
IndustryPersonal Services
CEORobert E. Sanchez
Employees50,700
CountryUS
IPO Date1980-01-02

Ryder System, Inc. earnings call transcripts

  • R Q2 FY26 earnings call transcript (reported 2026-07-23) · analysis
  • R Q1 FY26 earnings call transcript (reported 2026-04-23) · analysis
  • R Q4 FY25 earnings call transcript (reported 2026-02-11) · analysis
  • R Q1 FY25 earnings call transcript (reported 2025-04-23) · analysis

All R earnings calls

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R earnings history · R institutional & insider holders · R KPIs & operating metrics · R financials · R investor presentations & press releases · R SEC filings · R peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.