Ryder System, Inc. (R) Key Metrics
R valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.14B
- Enterprise value
- $17.56B
- P/E (TTM)
- 19.4 10-yr median 11.0
- Forward P/E
- 23.1
- PEG ratio
- 0.86
- Price / sales
- 0.7 10-yr median 0.4
- Price / book
- 3.2 10-yr median 1.6
- EV / EBITDA
- 5.3 10-yr median 4.7
- Dividend yield
- 1.69% $4.04 a year
- Beta
- 1.05
R key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsR valuation Price multiples at each fiscal year-end price.
R returns How much profit the business earns on the capital it uses.
R per-share figures Results divided by the shares outstanding at year-end.
R financial health Debt, liquidity and how easily interest is covered.
R efficiency & capital use Working capital cycle and where the cash goes.
R valuation history
R returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
R debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
R cash returned to shareholders
R price vs earnings per share
R key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.00B | $6.94B | $5.35B | $4.25B | $4.41B | $3.23B | $2.84B | $2.54B | $4.46B | $3.97B |
| Enterprise value | $16.48B | $15.67B | $13.29B | $11.07B | $10.86B | $9.77B | $10.77B | $9.33B | $9.79B | $9.30B |
| P/E ratio | 16.0 | 14.2 | 13.2 | 4.9 | 8.5 | — | — | 8.9 | 6.2 | 15.1 |
| Price / sales | 0.6 | 0.5 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.6 | 0.6 |
| Price / book | 2.6 | 2.2 | 1.7 | 1.4 | 1.6 | 1.4 | 1.1 | 1.0 | 1.6 | 1.9 |
| Price / free cash flow | 17.4 | — | — | — | 18.9 | 3.1 | — | — | — | — |
| Price / operating cash flow | 3.1 | 3.1 | 2.3 | 1.8 | 2.0 | 1.5 | 1.3 | 1.6 | 2.9 | 2.5 |
| EV / sales | 1.3 | 1.2 | 1.1 | 0.9 | 1.1 | 1.2 | 1.2 | 1.1 | 1.3 | 1.4 |
| EV / EBITDA | 5.0 | 4.8 | 4.4 | 3.4 | 4.0 | 4.3 | 4.9 | 4.6 | 5.6 | 5.3 |
| EV / free cash flow | 35.9 | — | — | — | 46.4 | 9.4 | — | — | — | — |
| Earnings yield | 6.2% | 7.0% | 7.6% | 20.4% | 11.8% | −3.8% | −0.9% | 11.2% | 16.1% | 6.6% |
| Free cash flow yield | 5.7% | −6.0% | −16.5% | −7.5% | 5.3% | 32.0% | −56.1% | −55.8% | −7.0% | −7.7% |
| Dividend yield | 1.8% | 1.9% | 2.4% | 2.9% | 2.8% | 3.7% | 4.1% | 4.4% | 2.1% | 2.3% |
| Shareholder yield (dividends + buybacks) | 8.3% | 6.6% | 8.7% | 16.0% | 4.0% | 4.6% | 5.1% | 5.6% | 3.9% | 3.2% |
| Share price at fiscal year-end | $191.39 | $156.86 | $115.06 | $83.57 | $82.43 | $61.76 | $54.31 | $48.15 | $84.17 | $74.44 |
| Per share | ||||||||||
| Revenue per share | $303.52 | $287.29 | $257.69 | $244.88 | $185.39 | $160.80 | $169.39 | $159.24 | $137.08 | $126.67 |
| Earnings per share | $11.94 | $11.05 | $8.73 | $17.04 | $9.70 | −$2.33 | −$0.47 | $5.40 | $13.58 | $4.93 |
| Operating cash flow per share | $62.03 | $51.18 | $50.62 | $45.39 | $40.65 | $41.66 | $40.89 | $31.03 | $29.22 | $30.00 |
| Free cash flow per share | $10.98 | −$9.45 | −$18.95 | −$6.31 | $4.37 | $19.76 | −$30.46 | −$26.86 | −$5.90 | −$5.70 |
| Cash per share | $4.74 | $3.48 | $4.39 | $5.25 | $4.37 | $2.89 | $1.41 | $1.29 | $1.48 | $1.10 |
| Book value per share | $73.01 | $70.47 | $66.02 | $57.72 | $52.29 | $43.08 | $47.30 | $48.13 | $53.63 | $38.46 |
| Tangible book value per share | $35.60 | $33.96 | $37.28 | $35.00 | $38.44 | $33.18 | $37.26 | $38.00 | $45.36 | $30.31 |
| Dividends per share | $3.47 | $3.05 | $2.75 | $2.42 | $2.28 | $2.27 | $2.22 | $2.12 | $1.81 | $1.71 |
| Capex per share | $51.08 | $60.65 | $69.57 | $51.70 | $36.28 | $21.90 | $71.35 | $57.89 | $35.11 | $35.70 |
| Debt per share | $207.66 | $200.86 | $175.28 | $139.21 | $124.84 | $127.75 | $152.77 | $130.18 | $102.10 | $101.03 |
| Shares outstanding | 41.8M | 44.2M | 46.5M | 50.9M | 53.5M | 52.4M | 52.3M | 52.7M | 53.0M | 53.4M |
| Change in shares outstanding | −5.5% | −4.8% | −8.6% | −4.9% | +2.2% | +0.0% | −0.7% | −0.5% | −0.7% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.2% | 15.8% | 13.5% | 30.2% | 20.5% | −5.2% | −1.0% | 10.6% | 29.4% | 13.0% |
| Return on invested capital (ROIC) | 6.9% | 6.9% | 6.8% | 10.6% | 7.3% | 2.1% | 2.3% | 5.0% | 5.6% | 5.1% |
| Return on assets (ROA) | 3.0% | 3.0% | 2.7% | 6.1% | 3.9% | −0.9% | −0.2% | 2.3% | 6.4% | 2.4% |
| Return on tangible assets | 3.4% | 3.2% | 2.8% | 6.5% | 4.0% | −1.0% | −0.2% | 2.2% | 6.5% | 2.5% |
| Free cash flow margin | 3.6% | −3.3% | −7.4% | −2.6% | 2.4% | 12.3% | −18.0% | −16.9% | −4.3% | −4.5% |
| Income quality (OCF / net income) | 5.20 | 4.63 | 5.80 | 2.66 | 4.19 | — | — | 5.74 | 2.15 | 6.09 |
| Financial health | ||||||||||
| Total debt | $8.68B | $8.88B | $8.15B | $7.08B | $6.68B | $6.69B | $8.00B | $6.86B | $5.41B | $5.39B |
| Cash & short-term investments | $198.0M | $154.0M | $204.0M | $267.0M | $234.0M | $151.3M | $73.6M | $68.1M | $78.3M | $58.8M |
| Net debt | $8.48B | $8.73B | $7.94B | $6.82B | $6.45B | $6.54B | $7.92B | $6.79B | $5.33B | $5.33B |
| Debt / equity | 2.84 | 2.85 | 2.65 | 2.41 | 2.39 | 2.97 | 3.23 | 2.70 | 1.90 | 2.63 |
| Debt / assets | 0.53 | 0.53 | 0.52 | 0.49 | 0.48 | 0.52 | 0.55 | 0.51 | 0.47 | 0.49 |
| Net debt / EBITDA | 2.55 | 2.67 | 2.65 | 2.08 | 2.37 | 2.87 | 3.64 | 3.35 | 3.07 | 3.05 |
| Current ratio | 0.89 | 0.75 | 0.62 | 0.66 | 1.32 | 1.04 | 1.06 | 0.62 | 0.66 | 0.63 |
| Quick ratio | 0.89 | 0.75 | 1.09 | 0.64 | 1.28 | 1.00 | 1.01 | 0.59 | 0.62 | 0.59 |
| Interest coverage | 2.7 | 2.8 | 3.6 | 6.2 | 4.1 | 1.0 | 1.2 | 3.3 | 3.1 | 4.0 |
| Working capital | −$305.0M | −$808.0M | −$1.38B | −$1.12B | $593.2M | $58.9M | $91.3M | −$949.0M | −$692.1M | −$642.5M |
| Invested capital | $11.53B | $11.85B | $11.01B | $9.75B | $9.24B | $8.79B | $10.40B | $9.33B | $8.17B | $7.38B |
| Tangible asset value | $1.49B | $1.50B | $1.73B | $1.78B | $2.06B | $1.74B | $1.95B | $2.00B | $2.40B | $1.62B |
| Net current asset value | −$10.86B | −$11.09B | −$10.44B | −$9.26B | −$8.58B | −$9.08B | −$10.44B | −$9.24B | −$7.30B | −$7.75B |
| Graham number | $140.04 | $132.39 | $113.90 | $148.75 | $106.82 | — | — | $76.48 | $128.02 | $65.32 |
| Graham net-net per share | −$280.25 | −$271.40 | −$259.79 | −$195.42 | −$180.71 | −$183.49 | −$209.44 | −$185.44 | −$146.25 | −$152.41 |
| Capital allocation | ||||||||||
| Dividends paid | $145.0M | $135.0M | $128.0M | $123.0M | $121.8M | $119.0M | $116.5M | $111.9M | $95.8M | $91.0M |
| Share buybacks (net) | $519.0M | $321.0M | $337.0M | $557.0M | $56.2M | $29.2M | $27.7M | $30.8M | $78.3M | $37.3M |
| Dividend payout ratio | 29.1% | 27.6% | 31.5% | 14.2% | 23.5% | — | — | 39.3% | 13.3% | 34.6% |
| Dividends + buybacks / free cash flow | 144.7% | — | — | — | 76.1% | 14.3% | — | — | — | — |
| Capex / revenue | 16.8% | 21.1% | 27.0% | 21.1% | 19.6% | 13.6% | 42.1% | 36.4% | 25.6% | 28.2% |
| Capex / operating cash flow | 82.3% | 118.5% | 137.4% | 113.9% | 89.2% | 52.6% | 174.5% | 186.6% | 120.2% | 119.0% |
| Capex / depreciation | 0.95 | 1.20 | 1.55 | 1.44 | 1.07 | 0.54 | 1.89 | 2.09 | 1.43 | 1.60 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.7% | 0.5% | −2.1% | 0.5% | 1.6% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 11.6% | 11.6% | 11.9% | 11.4% | 12.0% | 12.4% | 10.9% | 10.3% | 12.4% | 12.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 54.1 | 51.3 | 50.6 | 45.0 | 48.7 | 52.3 | 50.8 | 49.0 | 46.3 | 45.0 |
| Days of inventory on hand | — | — | -31.5 | 2.8 | 3.0 | 3.6 | 3.9 | 4.1 | 4.5 | 4.6 |
| Days payables outstanding | 27.4 | 29.8 | 30.8 | 28.7 | 30.1 | 29.2 | 32.0 | 35.6 | 32.7 | 32.9 |
| Cash conversion cycle (days) | 26.7 | 21.5 | -11.6 | 19.1 | 21.6 | 26.7 | 22.7 | 17.5 | 18.1 | 16.7 |
| Receivables turnover | 6.75 | 7.11 | 7.21 | 8.11 | 7.50 | 6.99 | 7.18 | 7.45 | 7.88 | 8.11 |
| Payables turnover | 13.33 | 12.24 | 11.86 | 12.70 | 12.14 | 12.51 | 11.39 | 10.25 | 11.18 | 11.09 |
| Inventory turnover | — | — | — | 131.19 | 121.06 | 100.62 | 94.41 | 89.34 | 81.61 | 78.90 |
| Asset turnover | 0.77 | 0.78 | 0.79 | 0.88 | 0.74 | 0.61 | 0.64 | 0.68 | 0.65 | 0.62 |
| Average receivables | $1.88B | $1.79B | $1.66B | $1.54B | $1.32B | $1.21B | $1.24B | $1.13B | $921.4M | $833.7M |
| Average payables | $758.5M | $830.5M | $800.0M | $757.4M | $647.6M | $571.1M | $663.3M | $665.6M | $522.4M | $473.9M |
| Average inventory | — | — | −$818.0M | $73.3M | $64.9M | $71.0M | $80.0M | $76.4M | $71.5M | $66.6M |
| Intangibles / total assets | 9.5% | 9.7% | 8.5% | 8.0% | 5.4% | 4.0% | 3.6% | 4.0% | 3.8% | 4.0% |
Computed from R's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
R valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Ryder traded at 16.0 times earnings, against a 10-year median of 11.0. Based on the latest twelve months, the trailing P/E is 19.4 and the forward P/E is 23.1. Ryder earned a return on equity of 16.2% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $8.7 billion of debt and $198.0 million in cash and short-term investments, net debt of $8.5 billion. It returned $664.0 million to shareholders: $145.0 million in dividends and $519.0 million in share buybacks, 145% of free cash flow. The share count fell 21.7% from 53.4M to 41.8M over 9 years.
See the R income statement, the R chart for price history, or the R stock overview for the latest quote and news.
R key metrics FAQ
What is Ryder's P/E ratio?
Ryder's trailing P/E ratio is 19.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 23.1. At the end of fiscal 2025 it was 16.0, compared with a 10-year median of 11.0.
What is Ryder's EV/EBITDA?
Ryder's enterprise value was 5.0 times EBITDA at the end of fiscal 2025 (enterprise value $16.5 billion, EBITDA $3.3 billion); the current EV/EBITDA is 5.3.
What is Ryder's return on equity?
Ryder's return on equity (ROE) was 16.2% in fiscal 2025: net income of $499.0 million on average shareholders' equity of $3.1 billion.
What is Ryder's ROIC?
Ryder's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ryder have?
Ryder had total debt of $8.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.84 and $8.5 billion of net debt (2.55 times EBITDA).
What is Ryder's dividend yield?
Ryder's forward dividend yield is 1.69%. Ryder paid $145.0 million in dividends in fiscal 2025 ($3.47 per share), a payout ratio of 29.1%.
Does Ryder buy back its shares?
Yes. Ryder spent $519.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.5% over the year, to 41.8M..
What is Ryder's free cash flow yield?
Ryder generated $459.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.7% on its market value at year-end ($8.0 billion).
What is Ryder's current ratio?
Ryder's current ratio was 0.89 at the end of fiscal 2025: current assets were 0.89 times current liabilities.