R
Ryder System, Inc.
R's fundamentals are mixed, but it looks expensive: trading at 21x earnings, above its usual 13x. Analysts expect strong earnings growth.
R Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
R's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
R PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $77.14 | -72% |
| Fair | 13x | $173 | -38% |
| Forward | 16x | $279 | — |
| Expensive | 19x | $252 | -9.8% |
| Current | 21x | $279 | — |
Historical ranges are pointers, not guarantees.
R's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
R Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for R, with profitability improving.
R Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $17.51 | +34% |
| Q3 2026 | $13.09 | +11% |
| Q2 2026 | $12.26 | +4.5% |
| Q1 2026 | $12.00 | +4.9% |
| Q4 2025 | $11.94 | +8% |
| Q3 2025 | $11.81 | +10% |
| Q2 2025 | $11.73 | +7.4% |
| Q1 2025 | $11.44 | +49% |
| Q4 2024 | $11.06 | +27% |
R's earnings per share have climbed steadily: $13.09 over the past year, up 11% from the year before, and higher year over year for nine quarters in a row.
R Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.4B | +8.3% |
| Q2 2026 | $3.3B | +5% |
| Q1 2026 | $3.1B | -0.2% |
| Q4 2025 | $3.2B | -0.4% |
| Q3 2025 | $3.2B | +0.1% |
| Q2 2025 | $3.2B | +0.2% |
| Q1 2025 | $3.1B | +1.1% |
| Q4 2024 | $3.2B | +5.5% |
R's revenue grew through 2024 and has held roughly level since: $3.4B last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.6% | +0.6 points |
| Q2 2026 | 5.5% | -0.2 points |
| Q1 2026 | 3.8% | -0.5 points |
| Q4 2025 | 5.6% | -0.1 points |
| Q3 2025 | 6% | +0.1 points |
| Q2 2025 | 5.8% | +0.2 points |
| Q1 2025 | 4.3% | +0.6 points |
| Q4 2024 | 5.7% | +0.4 points |
R's operating margin was 6.6% last quarter, up 0.6 points from the same quarter a year ago.
R Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $182M | +$267M |
| Q2 2026 | $272M | +332% |
| Q1 2026 | $156M | +14% |
| Q4 2025 | $344M | +$547M |
| Q3 2025 | -$85M | -383% |
| Q2 2025 | $63M | +$150M |
| Q1 2025 | $137M | +$297M |
| Q4 2024 | -$203M | +$63M |
R's free cash flow has turned positive after four years mostly in the red: $954M over the past year.
R Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -116K shares |
| 1 year | -6.8% | -2.8M shares |
| 3 years | -16% | -7.5M shares |
| 5 years | -28% | -14.7M shares |
| Available history | -26% | -13.6M shares |
R has 39M diluted shares, down 6.8% from a year ago, with $541M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $99M |
| Q1 2026 | $233M |
| Q4 2025 | $169M |
| Q3 2025 | $89M |
| Q2 2025 | $94M |
| Q1 2025 | $167M |
| Q4 2024 | $39M |
R spent $541M buying back its own shares over the past year, up 39% from the year before.
R Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.2x | Elevated |
R's net debt is about 2.4 years of its operating earnings (EBITDA), down from 2.9 years a year ago.
R Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.6 | Neutral |
| Stochastic | 79.7 | Neutral |
R's weekly RSI is 63 (neutral) and its Stochastic is 80 (neutral).
R PE vs Industrials Sector
| Metric | R | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 92 | 58 | 34 pts above |
R is trading at 21x earnings, a 11% discount to the Industrials sector's median of 24x.
R Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $256.1 | 9% above |
| 20 week MA | $256.3 | 8.9% above |
| 50 week MA | $233.8 | 19% above |
| 100 week MA | $198.5 | 41% above |
| 200 week MA | $155.7 | 79% above |
R is in an uptrend: it's above all five of its weekly moving averages, and 79% above its 200-week average.
R Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.9 | $64.0 | +19% |
| 2021 | $64.0 | $79.4 | +24% |
| 2022 | $79.4 | $84.7 | +6.7% |
| 2023 | $84.7 | $115.1 | +36% |
| 2024 | $115.1 | $159.3 | +38% |
| 2025 | $159.3 | $196.2 | +23% |
| 2026 YTD | $196.2 | $279.0 | +42% |
R has finished every year since 2020 higher, and it's up 42% so far in 2026.