Ryder System (R) Financials

$151.18 -3.58 (-2.32%)

Closing price 03:59 PM Eastern

Extended Trading

$151.22 +0.04 (+0.03%)

As of 07:37 PM Eastern

Annual Income Statements for Ryder System

This table shows Ryder System's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	489	406	867	519	-122	-8,992	285	8,832	4,447	305
Consolidated Net Income / (Loss)	489	406	867	519	-122	-24	285	720	263	305
Net Income / (Loss) Continuing Operations	489	406	863	522	-112	-23	287	720	265	306
Total Pre-Tax Income	661	618	1,216	693	-130	-42	389	296	407	469
Total Operating Income	1,013	1,055	1,412	841	109	222	565	8,506	4,726	609
Total Gross Profit	2,545	2,495	2,840	2,059	1,275	1,310	1,567	9,554	5,685	1,585
Total Revenue	12,708	11,979	12,461	9,920	8,420	8,926	8,392	15,392	13,516	6,572
Operating Revenue	12,708	11,979	12,461	9,920	8,420	8,926	8,392	15,392	13,516	6,572
Total Cost of Revenue	10,163	9,484	9,621	7,861	7,145	7,616	6,824	5,838	7,831	4,987
Operating Cost of Revenue	10,163	9,484	9,621	7,861	7,145	7,616	6,824	5,838	7,831	4,987
Total Operating Expenses	1,532	1,440	1,428	1,218	1,166	1,088	1,003	1,048	959	976
Selling, General & Admin Expense	1,478	1,421	1,415	1,187	1,044	907	849	871	804	823
Other Operating Expenses / (Income)	41	40	11	-1.00	11	181	132	143	151	135
Restructuring Charge	13	-21	2.00	32	111	-	22	17	5.07	18
Total Other Income / (Expense), net	-352	-437	-196	-148	-239	-9,232	-175	-98	-135	-140
Interest Expense	386	296	228	214	261	241	180	142	148	150
Other Income / (Expense), net	34	-141	32	66	22	-23	5.42	44	13	10
Income Tax Expense	172	212	353	171	-18	-19	103	-424	142	163
Net Income / (Loss) Discontinued Operations	0.00	0.00	4.00	-3.00	-10	-1.14	-2.31	-0.46	-2.16	-1.22
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	-	0.00	0.00	-	-	-	-	-	-
Basic Earnings per Share	$11.29	$8.89	$17.41	$9.87	($2.34)	($0.47)	$5.41	$13.63	$4.95	$5.75
Weighted Average Basic Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.61M	53.02M	52.81M
Diluted Earnings per Share	$11.06	$8.73	$17.04	$9.66	($2.34)	-	$5.38	$13.53	$4.91	$5.71
Weighted Average Diluted Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.61M	53.02M	52.81M
Weighted Average Basic & Diluted Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.61M	53.02M	52.81M
Cash Dividends to Common per Share	$3.04	$2.66	$2.40	$2.28	$2.24	$2.20	$2.12	$1.80	$1.70	$1.56

This table shows Ryder System's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	98	135	142	127	85	124	161	-18	139	206	246
Consolidated Net Income / (Loss)	98	135	142	127	85	124	161	-18	139	206	246
Net Income / (Loss) Continuing Operations	98	135	143	126	85	124	160	-18	140	200	247
Total Pre-Tax Income	134	181	188	178	114	160	213	44	201	292	334
Total Operating Income	240	276	276	270	191	233	283	293	246	346	382
Total Gross Profit	616	657	655	648	585	612	644	645	594	692	731
Total Revenue	3,140	3,221	3,168	3,201	3,118	3,045	2,971	2,939	3,024	3,425	3,035
Operating Revenue	3,140	3,221	3,168	3,201	3,118	3,045	2,971	2,939	3,024	3,425	3,035
Total Cost of Revenue	2,524	2,564	2,513	2,553	2,533	2,433	2,327	2,294	2,430	2,733	2,304
Operating Cost of Revenue	2,524	2,564	2,513	2,553	2,533	2,433	2,327	2,294	2,430	2,733	2,304
Total Operating Expenses	376	381	379	378	394	379	361	352	348	346	349
Selling, General & Admin Expense	368	364	368	368	378	368	347	343	363	362	350
Other Operating Expenses / (Income)	9.00	10	10	10	11	10	10	10	10	3.00	3.00
Restructuring Charge	-1.00	7.00	1.00	0.00	5.00	1.00	4.00	-1.00	-25	-19	-4.00
Total Other Income / (Expense), net	-106	-95	-88	-92	-77	-73	-70	-249	-45	-54	-48
Interest Expense	100	100	98	96	92	84	75	72	65	63	57
Other Income / (Expense), net	-6.00	5.00	10	4.00	15	11	5.00	-177	20	9.00	9.00
Income Tax Expense	36	46	45	52	29	36	53	62	61	92	87
Net Income / (Loss) Discontinued Operations	0.00	-	-1.00	1.00	0.00	-	1.00	0.00	-1.00	6.00	-1.00
Basic Earnings per Share	$2.32	$3.17	$3.30	$2.89	$1.93	$2.75	$3.55	($0.40)	$2.99	$4.30	$4.91
Weighted Average Basic Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Diluted Earnings per Share	$2.27	$3.09	$3.24	$2.84	$1.89	$2.72	$3.47	($0.40)	$2.94	$4.17	$4.82
Weighted Average Diluted Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Weighted Average Basic & Diluted Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Cash Dividends to Common per Share	$0.81	-	$0.81	$0.71	$0.71	-	$0.71	$0.62	$0.62	-	$0.62

This table details how cash moves in and out of Ryder System's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-50	-63	-405	521	73	3.21	-18	22	-1.73	11
Net Cash From Operating Activities	2,265	2,353	2,310	2,175	2,181	2,141	1,718	1,628	1,601	1,442
Net Cash From Continuing Operating Activities	2,265	2,353	2,310	2,175	2,181	2,141	1,718	1,628	1,601	1,442
Net Income / (Loss) Continuing Operations	489	406	863	522	-112	-23	287	720	265	306
Consolidated Net Income / (Loss)	489	406	867	519	-122	-24	285	720	263	305
Net Income / (Loss) Discontinued Operations	0.00	0.00	4.00	-3.00	-10	-1.14	-2.31	-0.46	-2.16	-1.22
Depreciation Expense	1,694	1,712	1,713	1,786	2,027	1,879	1,389	1,258	1,187	1,122
Amortization Expense	160	102	118	25	116	101	68	41	39	53
Non-Cash Adjustments To Reconcile Net Income	605	669	391	283	247	360	241	212	55	-61
Changes in Operating Assets and Liabilities, net	-683	-536	-775	-441	-97	-177	-266	-603	55	22
Net Cash From Investing Activities	-2,446	-2,663	-1,850	-1,450	-601	-3,217	-2,821	-1,439	-1,407	-2,161
Net Cash From Continuing Investing Activities	-2,446	-2,663	-1,850	-1,450	-601	-3,217	-2,821	-1,439	-1,407	-2,161
Purchase of Property, Plant & Equipment	-2,683	-3,234	-2,631	-1,941	-1,146	-3,735	-3,050	-1,860	-1,905	-2,668
Acquisitions	-314	-250	-458	-325	0.00	0.00	-167	-7.24	0.00	0.00
Sale of Property, Plant & Equipment	551	827	1,235	822	552	518	396	52	421	427
Other Investing Activities, net	0.00	-6.00	4.00	-6.00	-7.00	0.00	0.00	377	77	79
Net Cash From Financing Activities	153	256	-861	-204	-1,507	1,084	1,086	-162	-186	731
Net Cash From Continuing Financing Activities	153	256	-861	-204	-1,507	1,084	1,086	-162	-186	731
Repayment of Debt	-1,190	-1,588	-1,558	-615	-3,074	-1,796	-1,128	-971	-751	-809
Repurchase of Common Equity	-321	-337	-557	-57	-29	-28	-31	-78	-37	-6.14
Payment of Dividends	-135	-128	-123	-122	-119	-116	-112	-96	-91	-83
Issuance of Debt	1,789	2,307	1,363	560	1,707	3,016	2,357	963	675	1,607
Issuance of Common Equity	10	2.00	14	30	-	8.22	-	21	18	24
Effect of Exchange Rate Changes	-21	-9.00	-4.00	-1.00	-	-4.27	-	-5.54	-9.48	0.04

This table details how cash moves in and out of Ryder System's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-3.00	-8.00	-2.00	-70	30	45	-59	-35	-14	-189	8.00
Net Cash From Operating Activities	651	558	629	552	526	511	621	743	478	524	683
Net Cash From Continuing Operating Activities	651	558	629	552	526	511	621	743	478	524	683
Net Income / (Loss) Continuing Operations	98	135	142	127	85	124	160	-18	140	200	247
Consolidated Net Income / (Loss)	98	135	142	127	85	124	161	-18	139	206	246
Net Income / (Loss) Discontinued Operations	0.00	-	-	-	0.00	-	-	-	-1.00	6.00	-1.00
Depreciation Expense	425	419	423	428	424	438	417	412	445	438	421
Amortization Expense	136	50	37	34	39	35	23	16	28	40	28
Non-Cash Adjustments To Reconcile Net Income	54	164	133	178	130	137	116	307	109	107	99
Changes in Operating Assets and Liabilities, net	-62	-210	-106	-215	-152	-223	-95	26	-244	-261	-112
Net Cash From Investing Activities	-393	-644	-497	-495	-810	-849	-607	-830	-377	-499	-369
Net Cash From Continuing Investing Activities	-393	-644	-497	-495	-810	-849	-607	-830	-377	-499	-369
Purchase of Property, Plant & Equipment	-514	-761	-598	-638	-686	-777	-805	-1,011	-641	-714	-722
Acquisitions	-1.00	-1.00	-16	-	-297	-250	-	-	0.00	-10	-18
Sale of Property, Plant & Equipment	122	118	116	144	173	180	200	183	264	259	340
Net Cash From Financing Activities	-261	88	-129	-122	316	382	-69	69	-126	-261	-270
Net Cash From Continuing Financing Activities	-261	88	-129	-122	316	382	-69	69	-126	-261	-270
Repayment of Debt	-19	263	-580	-108	-765	-440	-18	-659	-471	-41	-400
Repurchase of Common Equity	-167	-39	-141	-90	-51	-55	-149	-88	-45	-257	-
Payment of Dividends	-38	-34	-35	-31	-35	-32	-33	-28	-35	-29	-31
Issuance of Debt	-14	-106	621	90	1,184	908	112	839	448	46	158
Issuance of Common Equity	-23	4.00	6.00	17	-17	1.00	19	5.00	-23	20	3.00
Effect of Exchange Rate Changes	0.00	-9.00	-5.00	-5.00	-2.00	1.00	-4.00	-17	11	47	-36

This table presents Ryder System's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	16,672	15,778	14,395	13,835	12,932	14,475	13,348	11,464	10,902	10,953
Total Current Assets	2,463	2,265	2,200	2,461	1,596	1,562	1,568	1,323	1,102	1,098
Cash & Equivalents	154	204	267	234	151	74	68	78	59	61
Accounts Receivable	1,861	1,714	1,610	1,465	1,182	1,228	1,242	1,011	832	835
Prepaid Expenses	448	347	323	693	201	179	178	160	141	138
Plant, Property, & Equipment, net	10,390	10,109	9,338	9,308	0.00	0.00	862	777	746	715
Total Noncurrent Assets	3,819	3,404	2,857	2,066	11,336	12,913	10,918	9,364	9,055	9,139
Noncurrent Note & Lease Receivables	1,149	1,052	986	-	1,114	1,042	968	571	472	510
Goodwill	1,158	940	861	571	475	475	475	396	387	389
Intangible Assets	457	396	295	171	43	51	59	43	48	55
Other Noncurrent Operating Assets	1,055	1,016	715	1,324	9,704	11,345	9,416	8,355	8,148	8,185
Total Liabilities & Shareholders' Equity	16,672	15,778	14,395	13,835	12,932	14,475	13,348	11,464	10,902	10,953
Total Liabilities	13,555	12,709	11,458	11,037	10,676	11,999	10,811	8,622	8,850	8,965
Total Current Liabilities	3,271	3,649	3,316	3,201	2,053	2,625	2,517	2,015	1,744	1,680
Short-Term Debt	1,120	1,583	1,349	1,333	517	1,155	937	826	791	635
Accounts Payable	2,151	2,066	1,967	1,868	1,537	1,471	1,580	1,189	953	1,046
Total Noncurrent Liabilities	10,284	9,060	8,142	7,836	8,623	9,374	8,294	6,607	7,106	7,285
Long-Term Debt	6,659	5,531	5,003	5,247	6,094	6,770	5,712	4,584	4,600	4,868
Noncurrent Deferred & Payable Income Tax Liabilities	1,671	1,658	1,571	1,275	1,126	1,161	1,180	1,211	1,689	1,588
Other Noncurrent Operating Liabilities	1,954	1,871	1,568	1,314	1,404	1,442	1,403	813	818	830
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-
Total Equity & Noncontrolling Interests	3,117	3,069	2,937	2,798	2,256	2,476	2,537	2,842	2,052	1,987
Total Preferred & Common Equity	3,117	3,069	2,937	2,798	2,256	2,476	2,537	2,842	2,052	1,987
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,117	3,069	2,937	2,798	2,256	2,476	2,537	2,842	2,052	1,987
Common Stock	1,165	1,170	1,215	1,221	1,160	1,135	1,111	1,077	1,059	1,033
Retained Earnings	2,644	2,554	2,518	2,266	1,913	2,178	2,337	2,472	1,827	1,667
Accumulated Other Comprehensive Income / (Loss)	-692	-655	-796	-689	-817	-836	-912	-708	-834	-713

This table presents Ryder System's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	16,421	16,497	16,408	16,481	15,330	14,971	14,543	14,499
Total Current Assets	2,328	2,381	2,371	2,406	2,112	2,117	2,260	2,339
Cash & Equivalents	151	162	164	234	159	218	253	456
Accounts Receivable	1,825	1,869	1,861	1,814	1,647	1,572	1,682	1,621
Prepaid Expenses	352	350	346	358	231	253	251	183
Plant, Property, & Equipment, net	1,186	1,197	10,176	10,209	10,039	9,927	9,346	1,118
Total Noncurrent Assets	12,907	12,919	3,861	3,866	3,179	2,927	2,937	11,043
Noncurrent Note & Lease Receivables	1,150	1,125	1,112	1,090	1,071	1,019	1,115	1,603
Goodwill	1,161	1,126	1,115	1,017	860	861	861	868
Intangible Assets	443	480	490	569	274	281	288	298
Other Noncurrent Operating Assets	10,153	10,188	1,144	1,190	974	766	673	8,274
Total Liabilities & Shareholders' Equity	16,421	16,497	16,408	16,481	15,330	14,971	14,543	14,499
Total Liabilities	13,418	13,441	13,327	13,416	12,233	11,875	11,538	11,488
Total Current Liabilities	3,197	3,211	3,184	2,918	3,987	3,411	3,755	3,202
Short-Term Debt	1,114	975	1,086	741	1,888	1,330	1,674	1,049
Accounts Payable	2,083	2,236	2,098	2,177	2,099	2,081	2,081	2,153
Total Noncurrent Liabilities	10,221	10,230	10,143	10,498	8,246	8,464	7,783	8,287
Long-Term Debt	6,651	6,628	6,450	6,802	4,733	5,195	4,666	5,285
Noncurrent Deferred & Payable Income Tax Liabilities	1,657	1,628	1,640	1,633	1,700	1,665	1,610	1,492
Other Noncurrent Operating Liabilities	1,913	1,974	2,053	2,063	1,813	1,604	1,507	1,509
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,003	3,056	3,081	3,065	3,097	3,096	3,005	3,011
Total Preferred & Common Equity	3,003	3,056	3,081	3,065	3,097	3,096	3,005	3,011
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,003	3,056	3,081	3,065	3,097	3,096	3,005	3,011
Common Stock	1,119	1,157	1,163	1,151	1,171	1,177	1,191	1,252
Retained Earnings	2,569	2,577	2,589	2,568	2,505	2,489	2,596	2,531
Accumulated Other Comprehensive Income / (Loss)	-685	-678	-671	-654	-579	-570	-782	-772

This table displays calculated financial ratios and metrics derived from Ryder System's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.09%	-3.87%	25.61%	17.81%	-5.67%	6.37%	-45.48%	13.88%	105.67%	-1.01%
EBITDA Growth	6.34%	-16.70%	20.49%	19.53%	4.34%	7.54%	-79.42%	65.11%	232.39%	13.76%
EBIT Growth	14.55%	-36.70%	59.21%	592.37%	-34.21%	-65.07%	-93.33%	80.42%	664.81%	28.23%
NOPAT Growth	8.13%	-30.84%	58.19%	730.25%	-50.91%	-62.63%	-97.99%	571.23%	674.50%	30.00%
Net Income Growth	20.44%	-53.17%	67.05%	525.41%	-399.80%	-108.58%	-60.45%	173.56%	-13.68%	39.58%
EPS Growth	26.69%	-48.77%	76.40%	512.82%	0.00%	0.00%	-60.24%	175.56%	-14.01%	38.93%
Operating Cash Flow Growth	-3.74%	1.86%	6.21%	-0.28%	1.89%	24.60%	5.52%	1.69%	11.04%	4.26%
Free Cash Flow Firm Growth	94.85%	-123.48%	451.09%	-87.93%	260.22%	-99.37%	-102.66%	536.52%	687.26%	75.15%
Invested Capital Growth	7.65%	10.61%	-1.33%	4.93%	-15.62%	13.27%	11.56%	10.67%	-0.59%	14.30%
Revenue Q/Q Growth	1.40%	0.59%	5.23%	6.16%	34.28%	-19.53%	-57.65%	51.16%	100.82%	0.25%
EBITDA Q/Q Growth	1.15%	-4.08%	3.04%	5.72%	8.34%	-3.67%	-86.66%	1,126.58%	232.14%	7.14%
EBIT Q/Q Growth	3.66%	-10.83%	4.92%	27.42%	205.92%	-62.39%	-95.85%	1,872.14%	693.77%	18.39%
NOPAT Q/Q Growth	3.44%	-7.67%	3.26%	26.76%	104.88%	-92.84%	-98.64%	6,641.09%	716.52%	18.34%
Net Income Q/Q Growth	2.30%	-16.80%	2.97%	42.64%	39.41%	-117.31%	-61.76%	265.59%	-9.44%	27.16%
EPS Q/Q Growth	3.46%	-14.24%	0.00%	0.00%	0.00%	0.00%	-61.60%	266.67%	-9.91%	26.89%
Operating Cash Flow Q/Q Growth	2.12%	-0.55%	1.49%	0.26%	-2.98%	5.36%	-1.12%	2.90%	2.93%	-2.13%
Free Cash Flow Firm Q/Q Growth	93.63%	-428.87%	195.91%	-81.53%	632.50%	-190.54%	-101.83%	8,621.10%	1,819.13%	7.76%
Invested Capital Q/Q Growth	2.33%	4.39%	1.50%	10.19%	-2.12%	1.77%	-0.25%	9.57%	-2.08%	1.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.03%	20.83%	22.79%	20.76%	15.14%	14.68%	18.68%	62.07%	42.06%	24.12%
EBITDA Margin	22.83%	22.77%	26.28%	27.40%	27.01%	24.42%	24.15%	63.99%	44.13%	27.31%
Operating Margin	7.97%	8.81%	11.33%	8.48%	1.29%	2.49%	6.73%	55.26%	34.97%	9.27%
EBIT Margin	8.24%	7.63%	11.59%	9.14%	1.56%	2.23%	6.79%	55.55%	35.06%	9.43%
Profit (Net Income) Margin	3.85%	3.39%	6.96%	5.23%	-1.45%	-0.27%	3.39%	4.68%	1.95%	4.64%
Tax Burden Percent	73.98%	65.70%	71.30%	74.89%	93.85%	57.75%	73.08%	242.77%	64.59%	64.95%
Interest Burden Percent	63.13%	67.61%	84.21%	76.41%	-99.24%	-21.23%	68.33%	3.47%	8.59%	75.72%
Effective Tax Rate	26.02%	34.30%	29.03%	24.68%	0.00%	0.00%	26.33%	-142.92%	34.86%	34.79%
Return on Invested Capital (ROIC)	7.23%	7.30%	11.03%	7.09%	0.80%	1.60%	4.81%	265.63%	41.56%	5.71%
ROIC Less NNEP Spread (ROIC-NNEP)	3.65%	2.88%	8.86%	5.31%	-1.97%	-0.89%	2.61%	-108.41%	-10.70%	3.88%
Return on Net Nonoperating Assets (RNNOA)	8.58%	6.22%	19.20%	13.45%	-5.96%	-2.57%	5.77%	-236.22%	-28.54%	10.31%
Return on Equity (ROE)	15.81%	13.52%	30.24%	20.54%	-5.16%	-0.97%	10.58%	29.41%	13.03%	16.01%
Cash Return on Invested Capital (CROIC)	-0.13%	-2.78%	12.38%	2.28%	17.74%	-10.84%	-6.12%	255.50%	42.16%	-7.63%
Operating Return on Assets (OROA)	6.45%	6.06%	10.23%	6.78%	0.96%	1.43%	4.59%	76.46%	43.37%	5.96%
Return on Assets (ROA)	3.01%	2.69%	6.14%	3.88%	-0.89%	-0.18%	2.29%	6.44%	2.41%	2.93%
Return on Common Equity (ROCE)	15.81%	13.52%	30.24%	20.54%	-5.16%	-0.97%	10.58%	29.41%	13.03%	16.01%
Return on Equity Simple (ROE_SIMPLE)	15.69%	13.23%	29.52%	18.55%	-5.41%	-0.99%	11.22%	25.32%	12.82%	15.34%
Net Operating Profit after Tax (NOPAT)	749	693	1,002	633	76	155	416	20,663	3,078	397
NOPAT Margin	5.90%	5.79%	8.04%	6.39%	0.91%	1.74%	4.96%	134.24%	22.78%	6.05%
Net Nonoperating Expense Percent (NNEP)	3.58%	4.42%	2.17%	1.79%	2.77%	2.49%	2.20%	374.04%	52.26%	1.83%
Return On Investment Capital (ROIC_SIMPLE)	6.88%	6.81%	10.79%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.97%	79.17%	77.21%	79.24%	84.86%	85.32%	81.32%	37.93%	57.94%	75.88%
SG&A Expenses to Revenue	11.63%	11.86%	11.36%	11.97%	12.40%	10.17%	10.12%	5.66%	5.95%	12.52%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.06%	12.02%	11.46%	12.28%	13.85%	12.19%	11.95%	6.81%	7.10%	14.85%
Earnings before Interest and Taxes (EBIT)	1,047	914	1,444	907	131	199	570	8,550	4,739	620
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,901	2,728	3,275	2,718	2,274	2,179	2,026	9,849	5,965	1,795
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	1.62	1.36	1.47	1.33	1.00	0.82	1.24	1.50	1.15
Price to Tangible Book Value (P/TBV)	4.42	2.88	2.24	2.00	1.72	1.26	1.04	1.47	1.91	1.48
Price to Revenue (P/Rev)	0.52	0.42	0.32	0.41	0.36	0.28	0.25	0.23	0.23	0.35
Price to Earnings (P/E)	13.57	12.27	4.60	7.91	0.00	0.00	7.35	0.40	0.69	7.52
Dividend Yield	1.94%	2.37%	3.02%	2.98%	4.03%	4.76%	5.38%	2.70%	2.95%	3.64%
Earnings Yield	7.37%	8.15%	21.73%	12.64%	0.00%	0.00%	13.61%	249.76%	144.35%	13.31%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.19	1.12	1.14	1.08	1.00	0.95	1.09	1.14	1.04
Enterprise Value to Revenue (EV/Rev)	1.12	0.99	0.81	1.05	1.12	1.16	1.03	0.58	0.62	1.18
Enterprise Value to EBITDA (EV/EBITDA)	4.92	4.36	3.08	3.85	4.16	4.73	4.28	0.90	1.41	4.31
Enterprise Value to EBIT (EV/EBIT)	13.62	13.01	6.98	11.52	72.16	51.81	15.22	1.04	1.78	12.48
Enterprise Value to NOPAT (EV/NOPAT)	19.03	17.16	10.05	16.50	123.89	66.37	20.85	0.43	2.73	19.45
Enterprise Value to Operating Cash Flow (EV/OCF)	6.30	5.05	4.36	4.80	4.33	4.82	5.05	5.45	5.26	5.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	8.96	51.23	5.60	0.00	0.00	0.45	2.69	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.50	2.32	2.16	2.35	2.93	3.20	2.62	1.90	2.63	2.77
Long-Term Debt to Equity	2.14	1.80	1.70	1.88	2.70	2.73	2.25	1.61	2.24	2.45
Financial Leverage	2.35	2.16	2.17	2.53	3.02	2.88	2.21	2.18	2.67	2.66
Leverage Ratio	5.25	5.02	4.92	5.30	5.79	5.55	4.61	4.57	5.41	5.47
Compound Leverage Factor	3.31	3.40	4.15	4.05	-5.75	-1.18	3.15	0.16	0.47	4.14
Debt to Total Capital	71.39%	69.86%	68.38%	70.16%	74.56%	76.19%	72.39%	65.56%	72.43%	73.47%
Short-Term Debt to Total Capital	10.28%	15.55%	14.52%	14.21%	5.83%	11.10%	10.20%	10.01%	10.63%	8.47%
Long-Term Debt to Total Capital	61.11%	54.32%	53.86%	55.95%	68.73%	65.09%	62.18%	55.55%	61.80%	65.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.61%	30.14%	31.62%	29.84%	25.44%	23.81%	27.61%	34.44%	27.57%	26.53%
Debt to EBITDA	2.68	2.61	1.94	2.42	2.91	3.64	3.28	0.55	0.90	3.07
Net Debt to EBITDA	2.63	2.53	1.86	2.33	2.84	3.60	3.25	0.54	0.89	3.03
Long-Term Debt to EBITDA	2.30	2.03	1.53	1.93	2.68	3.11	2.82	0.47	0.77	2.71
Debt to NOPAT	10.38	10.26	6.34	10.39	86.63	50.99	15.99	0.26	1.75	13.84
Net Debt to NOPAT	10.17	9.97	6.07	10.02	84.65	50.51	15.82	0.26	1.73	13.69
Long-Term Debt to NOPAT	8.89	7.98	4.99	8.28	79.86	43.56	13.73	0.22	1.49	12.25
Altman Z-Score	1.43	1.31	1.56	1.32	1.02	0.91	1.05	4.28	3.05	1.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.75	0.62	0.66	0.77	0.78	0.60	0.62	0.66	0.63	0.65
Quick Ratio	0.62	0.53	0.57	0.53	0.65	0.50	0.52	0.54	0.51	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	-264	1,124	204	1,689	-1,054	-529	19,875	3,122	-532
Operating Cash Flow to CapEx	106.24%	97.76%	165.47%	194.37%	367.17%	66.53%	64.73%	90.04%	107.90%	64.35%
Free Cash Flow to Firm to Interest Expense	-0.04	-0.89	4.93	0.95	6.47	-4.37	-2.93	140.09	21.12	-3.53
Operating Cash Flow to Interest Expense	5.87	7.95	10.13	10.16	8.36	8.87	9.52	11.48	10.83	9.58
Operating Cash Flow Less CapEx to Interest Expense	0.34	-0.18	4.01	4.93	6.08	-4.46	-5.19	-1.27	0.79	-5.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.79	0.88	0.74	0.61	0.64	0.68	1.38	1.24	0.63
Accounts Receivable Turnover	7.11	7.21	8.10	7.49	6.99	7.23	7.45	16.70	16.21	8.06
Inventory Turnover	0.00	0.00	0.00	120.76	100.62	95.17	89.34	81.61	117.53	76.88
Fixed Asset Turnover	1.24	1.23	1.34	0.00	0.00	0.00	10.24	20.22	18.50	9.29
Accounts Payable Turnover	4.82	4.70	5.02	4.62	4.75	4.99	4.93	5.45	7.84	4.70
Days Sales Outstanding (DSO)	51.34	50.64	45.04	48.70	52.25	50.51	49.00	21.85	22.51	45.27
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	3.02	3.63	3.84	4.09	4.47	3.11	4.75
Days Payable Outstanding (DPO)	75.73	77.61	72.75	79.04	76.81	73.10	74.04	66.95	46.57	77.60
Cash Conversion Cycle (CCC)	-24.39	-26.97	-27.71	-27.31	-20.93	-18.75	-20.95	-40.62	-20.95	-27.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,742	9,979	9,022	9,144	8,714	10,328	9,118	8,173	7,385	7,429
Invested Capital Turnover	1.23	1.26	1.37	1.11	0.88	0.92	0.97	1.98	1.82	0.94
Increase / (Decrease) in Invested Capital	763	957	-122	430	-1,613	1,210	945	788	-44	929
Enterprise Value (EV)	14,259	11,893	10,075	10,451	9,453	10,316	8,672	8,867	8,413	7,732
Market Capitalization	6,634	4,983	3,990	4,105	2,994	2,464	2,091	3,536	3,081	2,290
Book Value per Share	$73.71	$69.24	$58.45	$52.11	$41.86	$46.47	$47.78	$53.67	$38.38	$37.19
Tangible Book Value per Share	$35.52	$39.10	$35.44	$38.29	$32.23	$36.60	$37.72	$45.39	$30.25	$28.88
Total Capital	10,896	10,183	9,289	9,378	8,866	10,401	9,186	8,251	7,444	7,490
Total Debt	7,779	7,114	6,352	6,580	6,610	7,925	6,649	5,410	5,391	5,503
Total Long-Term Debt	6,659	5,531	5,003	5,247	6,094	6,770	5,712	4,584	4,600	4,868
Net Debt	7,625	6,910	6,085	6,346	6,459	7,851	6,581	5,331	5,332	5,442
Capital Expenditures (CapEx)	2,132	2,407	1,396	1,119	594	3,217	2,654	1,808	1,484	2,240
Debt-free, Cash-free Net Working Capital (DFCFNWC)	158	-5.00	-34	359	-92	18	-80	56	90	-8.37
Debt-free Net Working Capital (DFNWC)	312	199	233	593	59	91	-12	134	149	53
Net Working Capital (NWC)	-808	-1,384	-1,116	-740	-458	-1,063	-949	-692	-643	-582
Net Nonoperating Expense (NNE)	260	287	135	114	198	180	131	19,943	2,815	93
Net Nonoperating Obligations (NNO)	7,625	6,910	6,085	6,346	6,459	7,851	6,581	5,331	5,332	5,442
Total Depreciation and Amortization (D&A)	1,854	1,814	1,831	1,811	2,143	1,980	1,457	1,299	1,226	1,175
Debt-free, Cash-free Net Working Capital to Revenue	1.24%	-0.04%	-0.27%	3.62%	-1.10%	0.20%	-0.95%	0.36%	0.67%	-0.13%
Debt-free Net Working Capital to Revenue	2.46%	1.66%	1.87%	5.98%	0.70%	1.02%	-0.14%	0.87%	1.10%	0.80%
Net Working Capital to Revenue	-6.36%	-11.55%	-8.96%	-7.46%	-5.43%	-11.91%	-11.31%	-4.50%	-4.75%	-8.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.29	$8.89	$17.41	$9.87	($2.34)	($0.47)	$5.20	$14.97	$4.94	$5.75
Adjusted Weighted Average Basic Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.98M	53.46M	53.49M
Adjusted Diluted Earnings per Share	$11.06	$8.73	$17.04	$0.00	($2.34)	($0.47)	$5.17	$14.87	$4.90	$5.71
Adjusted Weighted Average Diluted Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.98M	53.46M	53.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.08M	43.91M	46.29M	53.80M	53.70M	53.27M	53.12M	52.98M	53.46M	53.49M
Normalized Net Operating Profit after Tax (NOPAT)	759	679	1,004	658	154	155	432	5,978	3,081	409
Normalized NOPAT Margin	5.97%	5.67%	8.05%	6.63%	1.83%	1.74%	5.15%	38.84%	22.80%	6.23%
Pre Tax Income Margin	5.20%	5.16%	9.76%	6.99%	-1.54%	-0.47%	4.64%	1.93%	3.01%	7.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.71	3.09	6.33	4.24	0.50	0.82	3.16	60.27	32.06	4.12
NOPAT to Interest Expense	1.94	2.34	4.40	2.96	0.29	0.64	2.30	145.64	20.82	2.64
EBIT Less CapEx to Interest Expense	-2.81	-5.04	0.21	-0.99	-1.77	-12.50	-11.55	47.52	22.02	-10.77
NOPAT Less CapEx to Interest Expense	-3.58	-5.79	-1.73	-2.27	-1.98	-12.68	-12.40	132.90	10.79	-12.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.61%	31.53%	14.19%	23.51%	-97.54%	-477.14%	39.30%	13.31%	34.61%	27.30%
Augmented Payout Ratio	93.25%	114.53%	78.43%	34.49%	-121.31%	-590.56%	50.13%	24.20%	48.78%	29.31%

This table displays calculated financial ratios and metrics derived from Ryder System's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.71%	5.78%	6.63%	8.91%	3.11%	-11.09%	-2.11%	-3.13%	1.92%	22.08%	23.42%
EBITDA Growth	4.47%	4.60%	2.47%	35.29%	-9.47%	-13.93%	-13.33%	-35.01%	-3.40%	13.13%	21.12%
EBIT Growth	13.59%	15.16%	-0.69%	136.21%	-22.56%	-31.27%	-26.34%	-70.56%	-12.50%	23.55%	65.01%
NOPAT Growth	23.25%	14.00%	-1.24%	259.45%	-16.88%	-23.80%	-24.75%	-144.42%	-19.30%	15.44%	61.58%
Net Income Growth	15.29%	8.87%	-11.80%	805.56%	-38.85%	-39.81%	-34.55%	-107.53%	-21.02%	13.80%	78.19%
EPS Growth	20.11%	13.60%	-6.63%	810.00%	-35.71%	-34.77%	-28.01%	-108.51%	-12.24%	0.00%	87.55%
Operating Cash Flow Growth	23.76%	9.20%	1.29%	-25.71%	10.04%	-2.48%	-9.08%	16.64%	2.58%	6.92%	23.36%
Free Cash Flow Firm Growth	94.08%	28.24%	-59.03%	-57.65%	-497.66%	-316.28%	-48.60%	-69.02%	165.91%	260.12%	-139.51%
Invested Capital Growth	2.34%	7.65%	9.81%	11.17%	14.10%	10.61%	7.54%	4.73%	-1.25%	-1.33%	7.12%
Revenue Q/Q Growth	-2.51%	1.67%	-1.03%	2.66%	0.84%	2.49%	1.09%	-2.81%	1.65%	12.85%	0.03%
EBITDA Q/Q Growth	6.00%	0.54%	1.36%	10.01%	-6.69%	-1.51%	33.82%	-26.39%	-11.28%	-0.83%	0.36%
EBIT Q/Q Growth	-16.73%	-1.75%	4.38%	33.01%	-15.57%	-15.28%	148.28%	-56.39%	-25.07%	-9.21%	-0.76%
NOPAT Q/Q Growth	-14.74%	-1.94%	9.84%	34.20%	-21.13%	-15.06%	277.35%	-169.96%	-27.70%	-16.11%	4.70%
Net Income Q/Q Growth	-27.41%	-4.93%	11.81%	49.41%	-31.45%	-22.98%	994.44%	-112.95%	-32.52%	-16.26%	2.93%
EPS Q/Q Growth	-26.54%	-4.63%	14.08%	50.26%	-30.51%	-21.61%	967.50%	-113.61%	-29.50%	-13.49%	2.55%
Operating Cash Flow Q/Q Growth	16.67%	-11.29%	13.95%	4.94%	2.94%	-17.71%	-16.42%	55.44%	-8.78%	-23.28%	7.22%
Free Cash Flow Firm Q/Q Growth	87.89%	23.48%	15.23%	24.63%	-46.77%	-69.60%	15.97%	-290.11%	-20.17%	216.52%	4.42%
Invested Capital Q/Q Growth	-1.16%	2.33%	0.42%	0.76%	3.96%	4.39%	1.66%	3.42%	0.78%	1.50%	-1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.62%	20.40%	20.68%	20.24%	18.76%	20.10%	21.68%	21.95%	19.64%	20.20%	24.09%
EBITDA Margin	25.32%	23.28%	23.55%	22.99%	21.46%	23.55%	24.50%	18.51%	24.44%	24.32%	27.68%
Operating Margin	7.64%	8.57%	8.71%	8.43%	6.13%	7.65%	9.53%	9.97%	8.13%	10.10%	12.59%
EBIT Margin	7.45%	8.72%	9.03%	8.56%	6.61%	8.01%	9.69%	3.95%	8.80%	10.37%	12.88%
Profit (Net Income) Margin	3.12%	4.19%	4.48%	3.97%	2.73%	4.07%	5.42%	-0.61%	4.60%	6.01%	8.11%
Tax Burden Percent	73.13%	74.59%	75.53%	71.35%	74.56%	77.50%	75.59%	-40.91%	69.15%	70.55%	73.65%
Interest Burden Percent	57.27%	64.41%	65.73%	64.96%	55.34%	65.57%	73.96%	37.93%	75.56%	82.25%	85.42%
Effective Tax Rate	26.87%	25.41%	23.94%	29.21%	25.44%	22.50%	24.88%	140.91%	30.35%	31.51%	26.05%
Return on Invested Capital (ROIC)	6.78%	7.84%	8.28%	7.42%	5.67%	7.48%	9.24%	-5.31%	7.47%	9.49%	12.83%
ROIC Less NNEP Spread (ROIC-NNEP)	5.74%	6.86%	7.30%	6.48%	4.81%	6.61%	8.40%	-3.68%	6.96%	8.99%	12.20%
Return on Net Nonoperating Assets (RNNOA)	14.12%	16.13%	16.50%	14.35%	10.61%	14.29%	16.98%	-7.72%	15.57%	19.50%	25.76%
Return on Equity (ROE)	20.90%	23.97%	24.79%	21.77%	16.28%	21.77%	26.21%	-13.04%	23.05%	28.99%	38.58%
Cash Return on Invested Capital (CROIC)	5.14%	-0.13%	-2.13%	-3.25%	-6.38%	-2.78%	0.87%	4.38%	11.76%	12.38%	4.42%
Operating Return on Assets (OROA)	5.77%	6.83%	7.11%	6.73%	5.14%	6.36%	7.74%	3.21%	7.38%	9.15%	11.14%
Return on Assets (ROA)	2.42%	3.28%	3.53%	3.12%	2.12%	3.23%	4.33%	-0.50%	3.86%	5.31%	7.01%
Return on Common Equity (ROCE)	20.90%	23.97%	24.79%	21.77%	16.28%	21.77%	26.21%	-13.04%	23.05%	28.99%	38.58%
Return on Equity Simple (ROE_SIMPLE)	16.72%	0.00%	15.64%	16.13%	11.48%	0.00%	15.76%	18.51%	27.62%	0.00%	27.97%
Net Operating Profit after Tax (NOPAT)	176	206	210	191	142	181	213	-120	171	237	282
NOPAT Margin	5.59%	6.39%	6.63%	5.97%	4.57%	5.93%	7.16%	-4.08%	5.67%	6.92%	9.31%
Net Nonoperating Expense Percent (NNEP)	1.04%	0.98%	0.98%	0.94%	0.86%	0.87%	0.84%	-1.64%	0.51%	0.50%	0.63%
Return On Investment Capital (ROIC_SIMPLE)	1.63%	1.89%	-	-	-	1.77%	-	-	-	2.55%	-
Cost of Revenue to Revenue	80.38%	79.60%	79.32%	79.76%	81.24%	79.90%	78.32%	78.05%	80.36%	79.80%	75.91%
SG&A Expenses to Revenue	11.72%	11.30%	11.62%	11.50%	12.12%	12.09%	11.68%	11.67%	12.00%	10.57%	11.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.97%	11.83%	11.96%	11.81%	12.64%	12.45%	12.15%	11.98%	11.51%	10.10%	11.50%
Earnings before Interest and Taxes (EBIT)	234	281	286	274	206	244	288	116	266	355	391
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	795	750	746	736	669	717	728	544	739	833	840
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	2.13	2.07	1.75	1.72	1.62	1.53	1.23	1.32	1.36	1.22
Price to Tangible Book Value (P/TBV)	4.33	4.42	4.35	3.66	3.56	2.88	2.42	1.95	2.14	2.24	1.99
Price to Revenue (P/Rev)	0.48	0.52	0.50	0.44	0.44	0.42	0.40	0.32	0.33	0.32	0.31
Price to Earnings (P/E)	12.06	13.57	13.20	10.86	14.96	12.27	9.73	6.66	4.78	4.60	1.22
Dividend Yield	2.18%	1.94%	2.02%	2.31%	2.31%	2.37%	2.46%	3.02%	2.85%	3.02%	3.30%
Earnings Yield	8.29%	7.37%	7.57%	9.21%	6.68%	8.15%	10.27%	15.01%	20.91%	21.73%	81.69%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.33	1.31	1.22	1.21	1.19	1.17	1.08	1.11	1.12	1.07
Enterprise Value to Revenue (EV/Rev)	1.07	1.12	1.10	1.04	1.04	0.99	0.94	0.85	0.83	0.81	0.81
Enterprise Value to EBITDA (EV/EBITDA)	4.66	4.92	4.79	4.48	4.73	4.36	3.94	3.42	3.10	3.08	3.00
Enterprise Value to EBIT (EV/EBIT)	12.71	13.62	13.62	12.62	14.72	13.01	10.94	8.98	7.15	6.98	6.93
Enterprise Value to NOPAT (EV/NOPAT)	17.46	19.03	18.98	17.56	19.02	17.16	14.94	12.23	10.46	10.05	9.83
Enterprise Value to Operating Cash Flow (EV/OCF)	5.72	6.30	6.20	5.78	5.24	5.05	4.74	4.17	4.33	4.36	4.19
Enterprise Value to Free Cash Flow (EV/FCFF)	25.31	0.00	0.00	0.00	0.00	0.00	139.71	25.14	9.34	8.96	25.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.59	2.50	2.49	2.45	2.46	2.32	2.14	2.11	2.11	2.16	2.10
Long-Term Debt to Equity	2.21	2.14	2.17	2.09	2.22	1.80	1.53	1.68	1.55	1.70	1.76
Financial Leverage	2.46	2.35	2.26	2.21	2.21	2.16	2.02	2.10	2.24	2.17	2.11
Leverage Ratio	5.42	5.25	5.17	5.08	5.11	5.02	4.88	4.97	5.09	4.92	4.96
Compound Leverage Factor	3.11	3.38	3.40	3.30	2.83	3.29	3.61	1.88	3.85	4.05	4.24
Debt to Total Capital	72.11%	71.39%	71.33%	70.98%	71.11%	69.86%	68.13%	67.82%	67.84%	68.38%	67.78%
Short-Term Debt to Total Capital	10.35%	10.28%	9.15%	10.23%	6.99%	15.55%	19.43%	13.82%	17.91%	14.52%	11.23%
Long-Term Debt to Total Capital	61.77%	61.11%	62.18%	60.75%	64.12%	54.32%	48.70%	54.00%	49.93%	53.86%	56.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	27.89%	28.61%	28.67%	29.02%	28.89%	30.14%	31.87%	32.18%	32.16%	31.62%	32.22%
Debt to EBITDA	2.65	2.68	2.65	2.64	2.84	2.61	2.33	2.21	1.95	1.94	1.99
Net Debt to EBITDA	2.59	2.63	2.59	2.59	2.75	2.53	2.27	2.13	1.87	1.86	1.85
Long-Term Debt to EBITDA	2.27	2.30	2.31	2.26	2.56	2.03	1.66	1.76	1.44	1.53	1.66
Debt to NOPAT	9.92	10.38	10.49	10.36	11.41	10.26	8.82	7.88	6.60	6.34	6.53
Net Debt to NOPAT	9.73	10.17	10.27	10.14	11.06	9.97	8.61	7.62	6.33	6.07	6.06
Long-Term Debt to NOPAT	8.50	8.89	9.15	8.87	10.29	7.98	6.31	6.28	4.85	4.99	5.45
Altman Z-Score	1.25	1.28	1.26	1.21	1.19	1.17	1.15	1.15	1.22	1.31	1.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.75	0.74	0.74	0.82	0.62	0.53	0.62	0.60	0.66	0.73
Quick Ratio	0.62	0.62	0.63	0.64	0.70	0.53	0.45	0.52	0.52	0.57	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-67	-557	-728	-859	-1,140	-776	-458	-545	287	359	-308
Operating Cash Flow to CapEx	166.07%	86.78%	130.50%	111.74%	102.53%	85.59%	102.64%	89.73%	126.79%	115.16%	178.80%
Free Cash Flow to Firm to Interest Expense	-0.67	-5.57	-7.43	-8.95	-12.39	-9.24	-6.10	-7.57	4.41	5.70	-5.41
Operating Cash Flow to Interest Expense	6.51	5.58	6.42	5.75	5.72	6.08	8.28	10.32	7.35	8.32	11.98
Operating Cash Flow Less CapEx to Interest Expense	2.59	-0.85	1.50	0.60	0.14	-1.02	0.21	-1.18	1.55	1.10	5.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.78	0.79	0.79	0.78	0.79	0.80	0.81	0.84	0.88	0.86
Accounts Receivable Turnover	7.00	7.11	7.13	7.19	6.91	7.21	7.29	7.33	7.35	8.10	7.94
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	121.60	119.30	124.94	0.00	124.65
Fixed Asset Turnover	2.23	1.24	2.23	1.23	1.23	1.23	2.13	2.18	2.32	1.34	11.50
Accounts Payable Turnover	4.77	4.82	4.63	4.71	4.50	4.70	4.39	4.38	4.56	5.02	4.58
Days Sales Outstanding (DSO)	52.17	51.34	51.20	50.79	52.85	50.64	50.08	49.77	49.67	45.04	45.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	3.00	3.06	2.92	0.00	2.93
Days Payable Outstanding (DPO)	76.57	75.73	78.86	77.46	81.06	77.61	83.13	83.38	80.01	72.75	79.63
Cash Conversion Cycle (CCC)	-24.40	-24.39	-27.66	-26.67	-28.21	-26.97	-30.05	-30.56	-27.42	-27.71	-30.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,617	10,742	10,497	10,453	10,374	9,979	9,559	9,403	9,092	9,022	8,889
Invested Capital Turnover	1.21	1.23	1.25	1.24	1.24	1.26	1.29	1.30	1.32	1.37	1.38
Increase / (Decrease) in Invested Capital	243	763	938	1,050	1,282	957	670	425	-115	-122	591
Enterprise Value (EV)	13,666	14,259	13,752	12,770	12,575	11,893	11,212	10,124	10,056	10,075	9,542
Market Capitalization	6,052	6,634	6,311	5,398	5,266	4,983	4,750	3,817	3,969	3,990	3,664
Book Value per Share	$71.36	$73.71	$70.60	$70.30	$69.93	$69.24	$68.03	$66.59	$64.92	$58.45	$58.81
Tangible Book Value per Share	$33.24	$35.52	$33.50	$33.68	$33.74	$39.10	$43.12	$42.03	$40.10	$35.44	$36.03
Total Capital	10,768	10,896	10,659	10,617	10,608	10,183	9,718	9,621	9,345	9,289	9,345
Total Debt	7,765	7,779	7,603	7,536	7,543	7,114	6,621	6,525	6,340	6,352	6,334
Total Long-Term Debt	6,651	6,659	6,628	6,450	6,802	5,531	4,733	5,195	4,666	5,003	5,285
Net Debt	7,614	7,625	7,441	7,372	7,309	6,910	6,462	6,307	6,087	6,085	5,878
Capital Expenditures (CapEx)	392	643	482	494	513	597	605	828	377	455	382
Debt-free, Cash-free Net Working Capital (DFCFNWC)	94	158	-17	109	-5.00	-5.00	-146	-182	-74	-34	-270
Debt-free Net Working Capital (DFNWC)	245	312	145	273	229	199	13	36	179	233	186
Net Working Capital (NWC)	-869	-808	-830	-813	-512	-1,384	-1,875	-1,294	-1,495	-1,116	-863
Net Nonoperating Expense (NNE)	78	71	68	64	57	57	52	-102	32	31	36
Net Nonoperating Obligations (NNO)	7,614	7,625	7,441	7,372	7,309	6,910	6,462	6,307	6,087	6,085	5,878
Total Depreciation and Amortization (D&A)	561	469	460	462	463	473	440	428	473	478	449
Debt-free, Cash-free Net Working Capital to Revenue	0.74%	1.24%	-0.14%	0.88%	-0.04%	-0.04%	-1.23%	-1.52%	-0.61%	-0.27%	-2.28%
Debt-free Net Working Capital to Revenue	1.92%	2.46%	1.16%	2.21%	1.90%	1.66%	0.11%	0.30%	1.48%	1.87%	1.57%
Net Working Capital to Revenue	-6.83%	-6.36%	-6.62%	-6.59%	-4.24%	-11.55%	-15.74%	-10.81%	-12.39%	-8.96%	-7.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.32	$3.17	$3.30	$2.89	$1.93	$2.75	$3.55	($0.40)	$2.99	$4.30	$4.91
Adjusted Weighted Average Basic Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Adjusted Diluted Earnings per Share	$2.27	$3.09	$3.24	$2.84	$1.89	$2.72	$3.47	($0.40)	$2.94	$4.17	$4.82
Adjusted Weighted Average Diluted Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.34M	42.08M	42.29M	43.28M	43.83M	43.91M	44.32M	45.53M	46.49M	46.29M	50.25M
Normalized Net Operating Profit after Tax (NOPAT)	175	211	211	191	146	181	216	204	154	224	280
Normalized NOPAT Margin	5.57%	6.55%	6.65%	5.97%	4.69%	5.96%	7.26%	6.95%	5.09%	6.54%	9.21%
Pre Tax Income Margin	4.27%	5.62%	5.93%	5.56%	3.66%	5.25%	7.17%	1.50%	6.65%	8.53%	11.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.34	2.81	2.92	2.85	2.24	2.90	3.84	1.61	4.09	5.63	6.86
NOPAT to Interest Expense	1.76	2.06	2.14	1.99	1.55	2.15	2.83	-1.66	2.64	3.76	4.96
EBIT Less CapEx to Interest Expense	-1.58	-3.62	-2.00	-2.29	-3.34	-4.20	-4.23	-9.89	-1.71	-1.59	0.16
NOPAT Less CapEx to Interest Expense	-2.16	-4.37	-2.78	-3.16	-4.03	-4.96	-5.23	-13.16	-3.16	-3.46	-1.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.49%	27.61%	27.82%	26.36%	36.36%	31.53%	25.61%	21.47%	14.94%	14.19%	14.81%
Augmented Payout Ratio	114.54%	93.25%	98.33%	95.77%	133.81%	114.53%	136.07%	89.53%	51.33%	78.43%	50.48%

Frequently Asked Questions About Ryder System's Financials

When does Ryder System's financial year end?

According to the most recent income statement we have on file, Ryder System's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ryder System's net income changed over the last 9 years?

Ryder System's net income appears to be on an upward trend, with a most recent value of $489 million in 2024, rising from $304.77 million in 2015. The previous period was $406 million in 2023. See where experts think Ryder System is headed by visiting Ryder System's forecast page.

What is Ryder System's operating income?

Ryder System's total operating income in 2024 was $1.01 billion, based on the following breakdown:

Total Gross Profit: $2.55 billion
Total Operating Expenses: $1.53 billion

How has Ryder System revenue changed over the last 9 years?

Over the last 9 years, Ryder System's total revenue changed from $6.57 billion in 2015 to $12.71 billion in 2024, a change of 93.4%.

How much debt does Ryder System have?

Ryder System's total liabilities were at $13.56 billion at the end of 2024, a 6.7% increase from 2023, and a 51.2% increase since 2015.

How much cash does Ryder System have?

In the past 9 years, Ryder System's cash and equivalents has ranged from $58.80 million in 2016 to $267 million in 2022, and is currently $154 million as of their latest financial filing in 2024.

How has Ryder System's book value per share changed over the last 9 years?

Over the last 9 years, Ryder System's book value per share changed from 37.19 in 2015 to 73.71 in 2024, a change of 98.2%.

Related Companies

This page (NYSE:R) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Ryder System (R) Financials

Frequently Asked Questions About Ryder System's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Ryder System (R) Financials

Annual Income Statements for Ryder System

Quarterly Income Statements for Ryder System

Annual Cash Flow Statements for Ryder System

Quarterly Cash Flow Statements for Ryder System

Annual Balance Sheets for Ryder System

Quarterly Balance Sheets for Ryder System

Annual Metrics And Ratios for Ryder System

Quarterly Metrics And Ratios for Ryder System

Frequently Asked Questions About Ryder System's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools