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Relative to Consumer Discretionary Sector Median (N=442)
Metric
R
Benchmark
P/E Ratio
16.0x
-35%
EV/EBITDA
6.0x
+23%
Price / Book
2.7x
Implied Value Audit
OVERVALUED
Implied Fair Value (vs Sector)
-30.7%
$153.90Spot: $222.04
Spot
Implied
-50% Delta+50% Delta
Relative valuation derived from Consumer Discretionary sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
16.7%
Sector: 6.2%
Dividend Analysis audit
GROWTH
1.77%
Trailing Yield
$1.77
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
28%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, RYDER SYSTEM INC (R) receives a "Hold" rating with a composite score of 52.3/100, ranked #813 out of 4446 stocks. Key factor scores: Quality 50/100, Value 68/100, Momentum 60/100. This is quantitative analysis only — not investment advice.
RYDER SYSTEM INC (R) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does RYDER SYSTEM INC Do?
Ryder 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. RYDER SYSTEM INC (R) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Personal Services industry. The company is led by CEO Robert E. Sanchez and employs approximately 48,300 people, headquartered in Miami, Florida. With a market capitalization of $8.1B, R is one of the notable companies in the Consumer Discretionary sector.
RYDER SYSTEM INC (R) Stock Rating — Hold (April 2026)
As of April 2026, RYDER SYSTEM INC receives a Hold rating with a composite score of 52.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.R ranks #813 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, RYDER SYSTEM INC ranks #54 of 442 stocks, placing it in the top quartile of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
R Stock Price and 52-Week Range
RYDER SYSTEM INC (R) currently trades at $222.04. The 52-week high for R is $230.38, which means the stock is currently trading -3.6% from its annual peak. The 52-week low is $125.54, putting the stock 76.9% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.
Is R Overvalued or Undervalued? — Valuation Analysis
RYDER SYSTEM INC (R) carries a value factor score of 68/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 15.97x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 35%. The price-to-book ratio stands at 2.66x, versus the sector average of 1.99x. The price-to-sales ratio is 0.64x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, R trades at 6.01x EV/EBITDA, versus 4.91x for the sector.
Overall, R's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
RYDER SYSTEM INC Profitability — ROE, Margins, and Quality Score
RYDER SYSTEM INC (R) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 16.7%, compared to the Consumer Discretionary sector average of 6.2%, which is within a healthy range. Return on assets (ROA) comes in at 3.1% versus the sector average of 2.5%.
On a margin basis, RYDER SYSTEM INC reports gross margins of 21.1%, compared to 36.9% for the sector. The operating margin is 6.2% (sector: 3.8%). Net profit margin stands at 4.0%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at -0.3% on a trailing basis, compared to 3.3% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
R Debt, Balance Sheet, and Financial Health
RYDER SYSTEM INC has a debt-to-equity ratio of 437.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.89x, which may signal near-term liquidity tightness. Cash and equivalents stand at $189M.
R has a beta of 1.17, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for RYDER SYSTEM INC is 66/100, reflecting average volatility within the normal range for its sector.
RYDER SYSTEM INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, RYDER SYSTEM INC reported revenue of $12.66B and earnings per share (EPS) of $12.15. Net income for the quarter was $509M. Gross margin was 21.1%. Operating income came in at $784M.
In FY 2025, RYDER SYSTEM INC reported revenue of $12.66B and earnings per share (EPS) of $12.15. Net income for the quarter was $499M. Revenue grew -0.3% year-over-year compared to FY 2024. Operating income came in at $685M.
In Q3 2025, RYDER SYSTEM INC reported revenue of $3.17B and earnings per share (EPS) of $3.38. Net income for the quarter was $138M. Gross margin was 21.1%. Revenue grew 0.2% year-over-year compared to Q3 2024. Operating income came in at $278M.
In Q2 2025, RYDER SYSTEM INC reported revenue of $3.19B and earnings per share (EPS) of $3.18. Net income for the quarter was $131M. Revenue grew 0.2% year-over-year compared to Q2 2024. Operating income came in at $184M.
Over the past 8 quarters, RYDER SYSTEM INC has demonstrated a growth trajectory, with revenue expanding from $3.18B to $12.66B. Investors analyzing R stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
R Dividend Yield and Income Analysis
RYDER SYSTEM INC (R) currently pays a dividend yield of 1.8%. At this yield, a $10,000 investment in R stock would generate approximately $$177.00 in annual dividend income.
R Momentum and Technical Analysis Profile
RYDER SYSTEM INC (R) has a momentum factor score of 60/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 34/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 23/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
R vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison
Comparing R against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full R vs S&P 500 (SPY) comparison to assess how RYDER SYSTEM INC stacks up against the broader market across all factor dimensions.
R Next Earnings Date
No upcoming earnings date has been announced for RYDER SYSTEM INC (R) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy R? — Investment Thesis Summary
RYDER SYSTEM INC presents a balanced picture with arguments on both sides. The value score of 68/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 60/100, suggesting the trend favors buyers. Low volatility (stability score 66/100) reduces downside risk.
In summary, RYDER SYSTEM INC (R) earns a Hold rating with a composite score of 52.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on R stock.
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Institutional Research Dossier
RYDER SYSTEM INC (R) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Ryder System, Inc. (R) is a logistics and transportation company that operates in the Consumer Discretionary sector. The BCR Quant Model has assigned a Hold rating to the stock, with a Composite Score of 52.5/100, ranking it #781 out of 4,446 companies. The company's relatively low Investment score of 34/100 and high debt levels are the primary reasons for the Hold rating, indicating potential challenges in capital allocation and financial stability.
Despite these concerns, Ryder System's sizable market share, diversified business model, and strong operational efficiency in its fleet management and supply chain solutions offer some potential upside. However, investors should carefully weigh the company's financial health and valuation to determine if the current Hold rating is warranted.
Business Strategy & Overview
Ryder System, Inc. is a leading provider of logistics and transportation solutions, operating through three main segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing, commercial vehicle rentals, and maintenance services for trucks, tractors, and trailers. The SCS segment provides distribution management, transportation management, and e-commerce and last-mile services, while the DTS segment offers dedicated transportation equipment, drivers, and support services.
The company's diversified business model and broad range of services cater to a diverse customer base, including companies in the automotive, consumer goods, food and beverage, and healthcare industries, among others. Ryder System's strategic focus on fleet management, supply chain optimization, and technology-enabled solutions positions it as a key partner for businesses seeking to improve their logistics and transportation efficiency.
However, the company operates in a highly competitive industry, with both large national players and smaller regional competitors vying for market share. Ryder System's ability to maintain its competitive edge through innovative service offerings, efficient operations, and strong customer relationships will be crucial to its long-term success.
The company's growth strategy involves expanding its service capabilities, investing in technology and automation, and leveraging its extensive network and expertise to capture new business opportunities. As the logistics and transportation industry continues to evolve, Ryder System's adaptability and strategic vision will be critical factors in determining its future performance.
Overall, Ryder System's diversified business model, focus on operational excellence, and industry-leading position provide a solid foundation for the company's long-term growth prospects, though the challenges posed by competition and financial stability must be carefully monitored.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-0.3%
Sector: 3.3%
-108% VS SCTR
Economic Moat Analysis
Ryder System's economic moat can be characterized as narrow, with several factors contributing to its competitive advantages, but also some potential vulnerabilities.
One of Ryder's key strengths is its extensive network of service centers, vehicle fleet, and skilled technicians, which creates significant economies of scale and scope in its fleet management and maintenance operations. This allows the company to provide comprehensive and cost-effective solutions to its customers, making it difficult for smaller competitors to match its service capabilities and pricing.
Additionally, Ryder's long-standing relationships with major clients, as well as its expertise in navigating complex supply chain and logistics challenges, represent important intangible assets that can generate switching costs and reinforce customer loyalty. The company's reputation for reliability and service quality further enhances its competitive positioning.
However, the logistics and transportation industry is highly fragmented, with numerous regional and national players competing for market share. While Ryder's size and diversification provide some advantages, the company still faces the risk of losing business to more agile or cost-effective competitors, especially in its less differentiated service offerings.
Moreover, the capital-intensive nature of Ryder's business, with significant investments required in its vehicle fleet and infrastructure, can limit its financial flexibility and make it more vulnerable to economic downturns or industry disruptions. The company's high debt levels, as reflected in its sector-lagging debt-to-equity ratio, further constrain its ability to invest in growth and innovation.
Overall, Ryder System's narrow economic moat is underpinned by its scale, expertise, and customer relationships, but its moat could be threatened by competitive pressures, capital intensity, and financial constraints if not managed effectively.
Financial Health & Profitability
Ryder System's financial health presents a mixed picture, with some areas of strength but also significant concerns.
On the positive side, the company has demonstrated relatively stable revenue growth, with a 5-year average annual growth rate of around 3.2%, slightly lagging the sector average of 3.7%. Its profitability metrics, such as gross margin (21.1%) and operating margin (6.2%), are also above the sector averages of 36.9% and 3.8%, respectively, indicating efficient operations and effective cost management.
However, Ryder's return on equity (ROE) of 16.7% is notably higher than the sector average of 5.8%, suggesting the company is generating stronger returns on its capital. This speaks to the effectiveness of its asset-intensive business model and its ability to extract value from its extensive vehicle fleet and logistics infrastructure.
The primary concern with Ryder's financial health is its high leverage, as evidenced by its debt-to-equity ratio of 437%, more than 4 times the sector average of 91%. This level of debt could limit the company's financial flexibility and make it more vulnerable to economic downturns or industry disruptions. Additionally, the company's lack of reported free cash flow data makes it difficult to assess its long-term cash flow generation and ability to service its debt obligations.
Looking at the recent quarterly financial history, Ryder has demonstrated a mixed performance, with some quarters showing strong profitability and others reflecting more challenging conditions. This volatility in financial results could be a source of concern for investors and may warrant closer monitoring of the company's operational and strategic execution.
Overall, Ryder System's financial health is characterized by a combination of operational efficiency and profitability, offset by high leverage and potential cash flow constraints, which could pose risks to the company's long-term stability and growth prospects.
Valuation Assessment
Ryder System's valuation appears to be relatively attractive compared to its sector peers, but there are still some concerns that warrant a closer examination.
The company's P/E ratio of 15.8x is significantly lower than the sector average of 28.0x, suggesting that the stock may be undervalued. Similarly, its EV/EBITDA ratio of 2.7x is well below the sector average of 5.3x, further indicating a potential valuation discount.
Ryder's strong profitability metrics, as evidenced by its above-average ROE of 16.7% (vs. sector 5.8%) and operating margin of 6.2% (vs. sector 3.8%), lend support to the idea that the company's valuation may be reasonable or even attractive. However, the lack of reported free cash flow data makes it difficult to assess the company's true underlying value based on its ability to generate cash.
When considering Ryder's growth prospects, the company's recent revenue performance has been relatively flat, with a 0.3% decline in the trailing 12 months, compared to the sector's 3.2% growth. This could raise concerns about the sustainability of the company's earnings and the potential for future multiple expansion.
Overall, Ryder System's valuation appears attractive based on traditional metrics like P/E and EV/EBITDA, but the lack of free cash flow data and the company's recent tepid revenue growth introduce some uncertainty about the true intrinsic value of the stock. Investors should carefully weigh these factors and consider the company's long-term growth prospects and financial stability before making a final valuation assessment.
Risk & Uncertainty
Ryder System faces several idiosyncratic risks that could potentially undermine its investment thesis and long-term performance.
One of the primary risks is the company's high level of financial leverage, as evidenced by its debt-to-equity ratio of 437%, which is significantly higher than the sector average of 91%. This level of debt could limit Ryder's financial flexibility, making it more vulnerable to economic downturns or industry disruptions, and potentially constraining its ability to invest in growth and innovation.
Another key risk is the highly competitive nature of the logistics and transportation industry, with Ryder facing intense competition from both large national players and smaller regional providers. The company's ability to maintain its competitive edge and market share in the face of this competition will be crucial to its long-term success.
Additionally, Ryder's capital-intensive business model, which requires significant investments in its vehicle fleet and infrastructure, could expose the company to risks related to technological obsolescence, regulatory changes, and shifting customer preferences. The company's ability to adapt and innovate in response to these evolving industry dynamics will be a critical determinant of its future performance.
Finally, the company's reliance on a diversified customer base, including clients in sectors such as automotive, consumer goods, and healthcare, introduces some concentration risk. A downturn in any of these key industries could have a material impact on Ryder's financial results.
Bulls Say / Bears Say
The Bull Case
BULL VIEWRyder System's diversified business model, with its complementary segments in fleet management, supply chain solutions, and dedicated transportation, provides the company with a unique competitive advantage and the ability to offer comprehensive end-to-end logistics services to a broad customer base.
BULL VIEWThe company's strong operational efficiency, as evidenced by its above-average profitability metrics, demonstrates its ability to effectively manage its capital-intensive assets and extract value from its extensive logistics network.
BULL VIEWRyder's focus on technology-enabled solutions and its investments in automation and digitalization could enhance its service offerings and operational capabilities, helping the company stay ahead of industry trends and capitalize on new growth opportunities.
The Bear Case
BEAR VIEWRyder System's high debt levels, as reflected in its sector-leading debt-to-equity ratio, could limit the company's financial flexibility and make it more vulnerable to economic downturns or industry disruptions, potentially constraining its ability to invest in growth and innovation.
BEAR VIEWThe highly competitive nature of the logistics and transportation industry, with both large national players and smaller regional competitors, could put pressure on Ryder's market share and profitability, potentially eroding its economic moat over time.
BEAR VIEWThe company's reliance on a diversified customer base, including clients in cyclical industries, introduces some concentration risk, as a downturn in any of these key sectors could have a material impact on Ryder's financial results.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score R and 4,400+ other equities.
RYDER SYSTEM INC exhibits a 40% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
3.1%
Sector: 2.5%
Gross Margin
Pricing power and cost efficiency
21.1%
Sector: 36.9%
Operating Margin
Core business profitability
6.2%
Sector: 3.8%
Net Margin
Bottom-line profitability
4.0%
Sector: 2.1%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.00%
Yield Delta—
Income Projection audit
A $10,000 investment would generate approximately $177 annually in dividends at the current trailing rate.
