R

RYDER SYSTEM, INC.

R · CIK 0000085961

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.66B0.2%
FY2025
Net income (FY)
$499.0M2.0%
FY2025
Free cash flow (FY)
$459.0M209.8%
FY2025
Diluted EPS (FY)
$11.948.0%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2008 · Revenue $6.00B · Net income $199.9M · 0000950123-11-013941 · filed 2011-02-15FY08Revenue $6.00BNet income $199.9M0000950123-11-013941 · filed 2011-02-15FY2009 · Revenue $4.89B · Net income $61.9M · 0001193125-12-065540 · filed 2012-02-16FY09Revenue $4.89BNet income $61.9M0001193125-12-065540 · filed 2012-02-16FY2010 · Revenue $5.14B · Net income $118.2M · 0000085961-13-000007 · filed 2013-02-14FY10Revenue $5.14BNet income $118.2M0000085961-13-000007 · filed 2013-02-14FY2011 · Revenue $6.05B · Net income $169.8M · 0000085961-14-000006 · filed 2014-02-14FY11Revenue $6.05BNet income $169.8M0000085961-14-000006 · filed 2014-02-14FY2012 · Revenue $6.26B · Net income $210.0M · 0000085961-15-000012 · filed 2015-02-13FY12Revenue $6.26BNet income $210.0M0000085961-15-000012 · filed 2015-02-13FY2013 · Revenue $6.42B · Net income $237.9M · 0000085961-16-000079 · filed 2016-02-12FY13Revenue $6.42BNet income $237.9M0000085961-16-000079 · filed 2016-02-12FY2014 · Revenue $6.64B · Net income $218.3M · 0000085961-17-000013 · filed 2017-02-14FY14Revenue $6.64BNet income $218.3M0000085961-17-000013 · filed 2017-02-14FY2015 · Revenue $6.57B · Net income $304.8M · 0000085961-18-000035 · filed 2018-02-20FY15Revenue $6.57BNet income $304.8M0000085961-18-000035 · filed 2018-02-20FY2016 · Revenue $6.76B · Net income $263.1M · 0000085961-19-000033 · filed 2019-02-21FY16Revenue $6.76BNet income $263.1M0000085961-19-000033 · filed 2019-02-21FY2017 · Revenue $7.28B · Net income $719.6M · 0000085961-20-000089 · filed 2020-02-27FY17Revenue $7.28BNet income $719.6M0000085961-20-000089 · filed 2020-02-27FY2018 · Revenue $8.41B · Net income $284.6M · 0000085961-21-000073 · filed 2021-02-19FY18Revenue $8.41BNet income $284.6M0000085961-21-000073 · filed 2021-02-19FY2019 · Revenue $8.93B · Net income −$24.4M · 0000085961-22-000055 · filed 2022-02-17FY19Revenue $8.93BNet income −$24.4M0000085961-22-000055 · filed 2022-02-17FY2020 · Revenue $8.42B · Net income −$122.0M · 0000085961-23-000031 · filed 2023-02-15FY20Revenue $8.42BNet income −$122.0M0000085961-23-000031 · filed 2023-02-15FY2021 · Revenue $9.66B · Net income $519.0M · 0000085961-24-000030 · filed 2024-02-20FY21Revenue $9.66BNet income $519.0M0000085961-24-000030 · filed 2024-02-20FY2022 · Revenue $12.01B · Net income $867.0M · 0000085961-25-000032 · filed 2025-02-12FY22Revenue $12.01BNet income $867.0M0000085961-25-000032 · filed 2025-02-12FY2023 · Revenue $11.78B · Net income $406.0M · 0000085961-26-000007 · filed 2026-02-11FY23Revenue $11.78BNet income $406.0M0000085961-26-000007 · filed 2026-02-11FY2024 · Revenue $12.64B · Net income $489.0M · 0000085961-26-000007 · filed 2026-02-11FY24Revenue $12.64BNet income $489.0M0000085961-26-000007 · filed 2026-02-11FY2025 · Revenue $12.66B · Net income $499.0M · 0000085961-26-000007 · filed 2026-02-11FY25Revenue $12.66BNet income $499.0M0000085961-26-000007 · filed 2026-02-11FY25Revenue $12.66BNet income $499.0M0000085961-26-000007 · filed 2026-02-11FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.1× since FY2008 · net margin 3.3% → 3.9%

MarginsNet marginFCF margin
-20%-10%0%10%FY2008 · Net margin 3.3% · FCF margin 0.3%FY08Net margin 3.3%FCF margin 0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 1.3% · FCF margin 6.8%FY09Net margin 1.3%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 2.3% · FCF margin -0.8%FY10Net margin 2.3%FCF margin -0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.8% · FCF margin -10.9%FY11Net margin 2.8%FCF margin -10.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 3.4% · FCF margin -16.0%FY12Net margin 3.4%FCF margin -16.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 3.7% · FCF margin -13.6%FY13Net margin 3.7%FCF margin -13.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 3.3% · FCF margin -13.2%FY14Net margin 3.3%FCF margin -13.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 4.6% · FCF margin -18.7%FY15Net margin 4.6%FCF margin -18.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.9% · FCF margin -4.5%FY16Net margin 3.9%FCF margin -4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.9% · FCF margin -3.2%FY17Net margin 9.9%FCF margin -3.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 3.4% · FCF margin -15.8%FY18Net margin 3.4%FCF margin -15.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -0.3% · FCF margin -17.9%FY19Net margin -0.3%FCF margin -17.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -1.4% · FCF margin 12.3%FY20Net margin -1.4%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 5.4% · FCF margin 2.4%FY21Net margin 5.4%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 7.2% · FCF margin -2.7%FY22Net margin 7.2%FCF margin -2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 3.4% · FCF margin -7.5%FY23Net margin 3.4%FCF margin -7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.9% · FCF margin -3.3%FY24Net margin 3.9%FCF margin -3.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 3.9% · FCF margin 3.6%FY25Net margin 3.9%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 3.9%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 3.9% · free cash flow 3.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$2BFY2008 · OCF $1.25B · FCF $17.8M · 0000950123-11-013941 · filed 2011-02-15FY08OCF $1.25BFCF $17.8M0000950123-11-013941 · filed 2011-02-15FY2009 · OCF $985.0M · FCF $333.0M · 0001193125-12-065540 · filed 2012-02-16FY09OCF $985.0MFCF $333.0M0001193125-12-065540 · filed 2012-02-16FY2010 · OCF $1.03B · FCF −$42.1M · 0000085961-13-000007 · filed 2013-02-14FY10OCF $1.03BFCF −$42.1M0000085961-13-000007 · filed 2013-02-14FY2011 · OCF $1.04B · FCF −$656.6M · 0000085961-14-000006 · filed 2014-02-14FY11OCF $1.04BFCF −$656.6M0000085961-14-000006 · filed 2014-02-14FY2012 · OCF $1.13B · FCF −$999.1M · 0000085961-15-000012 · filed 2015-02-13FY12OCF $1.13BFCF −$999.1M0000085961-15-000012 · filed 2015-02-13FY2013 · OCF $1.25B · FCF −$870.8M · 0000085961-16-000079 · filed 2016-02-12FY13OCF $1.25BFCF −$870.8M0000085961-16-000079 · filed 2016-02-12FY2014 · OCF $1.38B · FCF −$876.3M · 0000085961-17-000013 · filed 2017-02-14FY14OCF $1.38BFCF −$876.3M0000085961-17-000013 · filed 2017-02-14FY2015 · OCF $1.44B · FCF −$1.23B · 0000085961-18-000035 · filed 2018-02-20FY15OCF $1.44BFCF −$1.23B0000085961-18-000035 · filed 2018-02-20FY2016 · OCF $1.60B · FCF −$304.1M · 0000085961-19-000033 · filed 2019-02-21FY16OCF $1.60BFCF −$304.1M0000085961-19-000033 · filed 2019-02-21FY2017 · OCF $1.63B · FCF −$232.3M · 0000085961-20-000089 · filed 2020-02-27FY17OCF $1.63BFCF −$232.3M0000085961-20-000089 · filed 2020-02-27FY2018 · OCF $1.72B · FCF −$1.33B · 0000085961-21-000073 · filed 2021-02-19FY18OCF $1.72BFCF −$1.33B0000085961-21-000073 · filed 2021-02-19FY2019 · OCF $2.14B · FCF −$1.59B · 0000085961-22-000055 · filed 2022-02-17FY19OCF $2.14BFCF −$1.59B0000085961-22-000055 · filed 2022-02-17FY2020 · OCF $2.18B · FCF $1.03B · 0000085961-23-000031 · filed 2023-02-15FY20OCF $2.18BFCF $1.03B0000085961-23-000031 · filed 2023-02-15FY2021 · OCF $2.17B · FCF $234.0M · 0000085961-24-000030 · filed 2024-02-20FY21OCF $2.17BFCF $234.0M0000085961-24-000030 · filed 2024-02-20FY2022 · OCF $2.31B · FCF −$321.0M · 0000085961-25-000032 · filed 2025-02-12FY22OCF $2.31BFCF −$321.0M0000085961-25-000032 · filed 2025-02-12FY2023 · OCF $2.35B · FCF −$881.0M · 0000085961-26-000007 · filed 2026-02-11FY23OCF $2.35BFCF −$881.0M0000085961-26-000007 · filed 2026-02-11FY2024 · OCF $2.27B · FCF −$418.0M · 0000085961-26-000007 · filed 2026-02-11FY24OCF $2.27BFCF −$418.0M0000085961-26-000007 · filed 2026-02-11FY2025 · OCF $2.59B · FCF $459.0M · 0000085961-26-000007 · filed 2026-02-11FY25OCF $2.59BFCF $459.0M0000085961-26-000007 · filed 2026-02-11FY25OCF $2.59BFCF $459.0M0000085961-26-000007 · filed 2026-02-11’09’13’17’21’25

FY2025: $2.59B operating cash − $2.13B capex = $459.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2009 · ROE 4.3% · ROA 1.0%FY09ROE 4.3%ROA 1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 8.4% · ROA 1.8%FY10ROE 8.4%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 12.9% · ROA 2.2%FY11ROE 12.9%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 14.3% · ROA 2.5%FY12ROE 14.3%ROA 2.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 12.5% · ROA 2.6%FY13ROE 12.5%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 12.0% · ROA 2.2%FY14ROE 12.0%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 15.3% · ROA 2.8%FY15ROE 15.3%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 12.8% · ROA 2.4%FY16ROE 12.8%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 25.3% · ROA 6.3%FY17ROE 25.3%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 11.2% · ROA 2.1%FY18ROE 11.2%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -1.0% · ROA -0.2%FY19ROE -1.0%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -5.4% · ROA -0.9%FY20ROE -5.4%ROA -0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 18.5% · ROA 3.8%FY21ROE 18.5%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 29.5% · ROA 6.0%FY22ROE 29.5%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 13.2% · ROA 2.6%FY23ROE 13.2%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 15.7% · ROA 2.9%FY24ROE 15.7%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 16.3% · ROA 3.0%FY25ROE 16.3%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 16.3%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 4% (FY2009) → 16% (FY2025) · on assets 3.0%

Balance sheetLiabilitiesEquity
$0$5B$10B$15BFY2009 · Liabilities $4.83B · Equity $1.43BFY09Liabilities $4.83BEquity $1.43B0000950123-11-013941 · filed 2011-02-15FY2010 · Liabilities $5.25B · Equity $1.40BFY10Liabilities $5.25BEquity $1.40B0001193125-12-065540 · filed 2012-02-16FY2011 · Liabilities $6.30B · Equity $1.32BFY11Liabilities $6.30BEquity $1.32B0000085961-13-000007 · filed 2013-02-14FY2012 · Liabilities $6.85B · Equity $1.47BFY12Liabilities $6.85BEquity $1.47B0000085961-14-000006 · filed 2014-02-14FY2013 · Liabilities $7.21B · Equity $1.90BFY13Liabilities $7.21BEquity $1.90B0000085961-15-000012 · filed 2015-02-13FY2014 · Liabilities $8.03B · Equity $1.82BFY14Liabilities $8.03BEquity $1.82B0000085961-16-000079 · filed 2016-02-12FY2015 · Liabilities $8.97B · Equity $1.99BFY15Liabilities $8.97BEquity $1.99B0000085961-17-000013 · filed 2017-02-14FY2016 · Liabilities $8.85B · Equity $2.05BFY16Liabilities $8.85BEquity $2.05B0000085961-18-000035 · filed 2018-02-20FY2017 · Liabilities $8.62B · Equity $2.84BFY17Liabilities $8.62BEquity $2.84B0000085961-19-000033 · filed 2019-02-21FY2018 · Liabilities $10.81B · Equity $2.54BFY18Liabilities $10.81BEquity $2.54B0000085961-20-000089 · filed 2020-02-27FY2019 · Liabilities $12.00B · Equity $2.48BFY19Liabilities $12.00BEquity $2.48B0000085961-21-000073 · filed 2021-02-19FY2020 · Liabilities $10.68B · Equity $2.26BFY20Liabilities $10.68BEquity $2.26B0000085961-22-000055 · filed 2022-02-17FY2021 · Liabilities $11.04B · Equity $2.80BFY21Liabilities $11.04BEquity $2.80B0000085961-23-000031 · filed 2023-02-15FY2022 · Liabilities $11.46B · Equity $2.94BFY22Liabilities $11.46BEquity $2.94B0000085961-24-000030 · filed 2024-02-20FY2023 · Liabilities $12.71B · Equity $3.07BFY23Liabilities $12.71BEquity $3.07B0000085961-25-000032 · filed 2025-02-12FY2024 · Liabilities $13.55B · Equity $3.12BFY24Liabilities $13.55BEquity $3.12B0000085961-26-000007 · filed 2026-02-11FY2025 · Liabilities $13.34B · Equity $3.05BFY25Liabilities $13.34BEquity $3.05B0000085961-26-000007 · filed 2026-02-11FY25Liabilities $13.34BEquity $3.05B0000085961-26-000007 · filed 2026-02-11’09’13’17’21’25

FY2025: $16.39B assets · $13.34B liabilities · $3.05B equity

The receipts