Earnings summaries and quarterly performance for RYDER SYSTEM.
Executive leadership at RYDER SYSTEM.
Robert E. Sanchez
Detailed
Chief Executive Officer
CEO
CG
Cristina Gallo-Aquino
Detailed
Executive Vice President, Chief Financial Officer and Principal Accounting Officer
FL
Francisco Lopez
Detailed
Executive Vice President and Chief Human Resources Officer
JS
J. Steven Sensing
Detailed
President, Supply Chain Solutions and Dedicated Transportation Solutions
JJ
John J. Diez
Detailed
President and Chief Operating Officer
KM
Karen M. Jones
Detailed
Executive Vice President and Chief Marketing Officer
RR
Rajeev Ravindran
Detailed
Executive Vice President and Chief Information Officer
RD
Robert D. Fatovic
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
SJ
Sanford J. Hodes
Detailed
Senior Vice President and Chief Procurement and Corporate Development Officer
SW
Steve W. Martin
Detailed
Executive Vice President, Dedicated Transportation Solution
TM
Thomas M. Havens
Detailed
President, Fleet Management Solutions
Board of directors at RYDER SYSTEM.
AJ
Abbie J. Smith
Detailed
Director
CM
Charles M. Swoboda
Detailed
Director
DG
David G. Nord
Detailed
Director
DL
Dmitri L. Stockton
Detailed
Director
EF
E. Follin Smith
Detailed
Director
LP
Luis P. Nieto, Jr.
Detailed
Director
MF
Michael F. Hilton
Detailed
Director
RA
Robert A. Hagemann
Detailed
Director
RJ
Robert J. Eck
Detailed
Lead Independent Director
TL
Tamara L. Lundgren
Detailed
Director
Research analysts who have asked questions during RYDER SYSTEM earnings calls.
Harrison Bauer
Susquehanna
6 questions for R
Also covers: FWRD, GATX, GBX +3 more
SG
Scott Group
Wolfe Research
6 questions for R
Also covers: AAL, ALGT, ALK +35 more
Jeffrey Kauffman
Vertical Research Partners
5 questions for R
Also covers: ARCB, CHRW, CMI +14 more
JA
Jordan Alliger
Goldman Sachs
5 questions for R
Also covers: ARCB, CSX, FDX +13 more
BO
Brian Ossenbeck
JPMorgan Chase & Co.
4 questions for R
Also covers: ARCB, CHRW, CNI +18 more
David Zazula
Barclays
4 questions for R
Also covers: ACHR, CNI, GXO +5 more
BM
Ben Moore
Citigroup
3 questions for R
Also covers: GATX, KEX, SAIA +1 more
Christyne McGarvey
Morgan Stanley
3 questions for R
Also covers: GXO, HUBG, TFII +1 more
DI
Daniel Imbro
Stephens Inc.
3 questions for R
Also covers: ARCB, CHRW, CNI +23 more
Andrzej Tomczyk
Goldman Sachs
2 questions for R
Also covers: GATX, TRN, UNP
JK
Jeff Kaufman
Vertical Research Partners
2 questions for R
NO
Nancy Okola
Morgan Stanley
2 questions for R
RS
Rob Sannen
Wells Fargo
2 questions for R
Ravi Shankar
Morgan Stanley
1 question for R
Also covers: ALK, AUR, CP +8 more
RS
Ravi Shanker
Morgan Stanley
1 question for R
Also covers: AAL, ALGT, ALK +27 more
Reed Seay
Stephens Inc.
1 question for R
Also covers: ARCB, CHRW, FDX +7 more
Recent press releases and 8-K filings for R.
Ryder System Discusses Strategic Transformation, 2026 Outlook, and CEO Transition
R
CEO Change
Guidance Update
New Projects/Investments
- Ryder System has undergone a balanced growth strategy since 2019, which has de-risked the business from used truck market reliance and improved returns, with logistics and dedicated businesses now representing 60% of revenues.
- For 2026, Ryder forecasts earnings improvement driven by $70 million in self-help initiatives, including lease pricing, maintenance cost savings, and new supply chain accounts, rather than an anticipated market pickup.
- The company's logistics and supply chain business had a record sales year in 2025, with new contracts expected to drive double-digit top-line growth in 2026, while the dedicated business targets high single-digit growth.
- Ryder plans to maintain its debt-to-equity leverage ratio between 2.5 and 3 times primarily through share buybacks, as the business is organically delevering, and 2026 capital expenditures for leases are almost entirely for replacement.
- Robert Sanchez, Chairman and CEO, is retiring, having positioned the company with a strong contractual portfolio and a leadership team that developed and executed the balanced growth strategy.
Feb 18, 2026, 7:25 PM
Ryder System CEO Robert Sanchez to Retire; Company Highlights Strategic Transformation and 2026 Earnings Outlook
R
CEO Change
Guidance Update
Demand Weakening
- Ryder System's Chairman and CEO, Robert Sanchez, is retiring, expressing confidence in the leadership team and anticipating a $250 million earnings uplift from current levels to the next peak in rental and used vehicle markets.
- The company's "balanced growth strategy," adopted in 2019, has transformed the business by de-risking operations, improving returns by increasing lease spread targets to 150 basis points, and generating $300 million in annual cost savings from maintenance and pricing initiatives.
- Ryder forecasts earnings improvement for 2026, driven by $70 million from self-help initiatives, including lease pricing, maintenance cost reductions, and new supply chain accounts, rather than an assumed market recovery.
- The company achieved a record sales year in its logistics and supply chain business in 2025, targeting double-digit top-line growth for this segment in 2026, with new contracts layering in during the year.
- Capital expenditure for 2026 is projected at $1.9 billion, primarily for equipment replacement rather than fleet growth, reflecting current cautious customer demand, and the company expects organic deleveraging, potentially leading to share buybacks to maintain its 2.5x-3x debt-to-equity target.
Feb 18, 2026, 7:25 PM
Ryder System CEO Robert Sanchez Discusses Strategic Transformation and 2026 Outlook
R
CEO Change
Guidance Update
Share Buyback
- Robert Sanchez, Chairman and CEO, is retiring after 33 years with the company, expressing confidence in the leadership team and the company's strategic positioning.
- Ryder anticipates earnings improvement in 2026, driven by $70 million from self-help initiatives, despite current market conditions described as "stable, bumping along the bottom".
- The company's "balanced growth strategy," initiated in 2019, has successfully de-risked the business from used truck market reliance and improved returns, with asset-light logistics and dedicated businesses now comprising 60% of revenues.
- Ryder projects double-digit top-line growth for its Supply Chain Solutions business, following a record sales year in 2025, with new contracts expected to significantly impact the second half of 2026.
- For 2026, Ryder plans $1.9 billion in capital expenditures, primarily for lease replacements, and intends to utilize share buybacks to maintain its target leverage ratio as the business organically delevers.
Feb 18, 2026, 7:25 PM
Ryder Discusses Business Transformation, CEO Transition, and 2026 Financial Outlook
R
CEO Change
Guidance Update
Revenue Acceleration/Inflection
- Ryder has undergone a significant business transformation, shifting its revenue mix from 56% asset-intensive in 2018 to 38% in 2025, leading to improved comparable earnings per share from just under $6 in 2018 to just under $13 in 2025 and an increased return on equity from 13% to 17% over the same period.
- Robert Sanchez will transition from CEO to Executive Chair at the end of the month, with John Diez appointed as the new CEO.
- For 2026, Ryder projects an 8% year-over-year EPS growth at the midpoint of its guidance, with a range of 4%-12%, and anticipates generating $700-$800 million in free cash flow.
- The company's capital allocation strategy prioritizes organic growth, strategic acquisitions, dividend payments, and share buybacks, having repurchased 23% of the company over the last five years.
Feb 17, 2026, 2:40 PM
Ryder System Discusses Strategic Transformation, Financial Performance, and CEO Transition
R
Management Change
Guidance Update
Revenue Acceleration/Inflection
- Ryder has undergone a significant transformation, shifting its revenue mix from 56% asset-intensive in 2018 to 38% in 2025, with asset-light businesses now forming the majority.
- This transformation has led to improved financial performance, with comparable EPS rising from under $6 in 2018 to under $13 in 2025, and Return on Equity increasing from 13% to 17% over the same period.
- CEO Robert Sanchez will transition to Executive Chair at the end of February 2026, with John Diez appointed as the new CEO.
- The company anticipates over $250 million in earnings lift as the freight market recovers and has increased its multi-year initiatives target to $170 million, with $70 million expected in 2026.
- Ryder forecasts $700-$800 million in free cash flow for 2026, with capital allocation priorities including organic growth, acquisitions, dividends, and share buybacks.
Feb 17, 2026, 2:40 PM
Ryder System Announces Q4 2025 Results and 2026 Outlook
R
Earnings
Guidance Update
Share Buyback
- Ryder System reported Q4 2025 Comparable EPS of $3.59 and Operating Revenue of $2.6 billion, which was in line with the prior year.
- For the full year 2025, the company achieved Comparable EPS of $12.92, an increase year-over-year, with Operating Cash Flow of $2.6 billion, Free Cash Flow of $946 million, and a Return on Equity (ROE) of 17%.
- The company provided a 2026 outlook, forecasting Comparable EPS between $13.45 and $14.45 (up 4% to 12% year-over-year), Free Cash Flow between $700 million and $800 million, and ROE between 17% and 18%.
- In 2025, Ryder returned $664 million to shareholders through buybacks and dividends, and authorized a new discretionary 2 million share repurchase program in Q4.
Feb 11, 2026, 4:00 PM
Ryder System Reports Strong 2025 Results and Provides 2026 Outlook
R
Earnings
Guidance Update
New Projects/Investments
- Ryder System reported full-year 2025 comparable earnings per share of $1,292, more than double 2018 levels, and a return on equity (ROE) of 17%.
- For Q4 2025, operating revenue was $2.6 billion, with comparable earnings per share of $3.59, up 4% year-over-year, and an ROE of 17%.
- The company's transformed business model has shifted its 2025 revenue mix, with 62% generated by asset-light supply chain and dedicated businesses, compared to 44% in 2018.
- Ryder forecasts 2026 operating revenue to grow approximately 3% and comparable EPS to increase by 12% to a range of $13.45 to $14.45.
- Strategic initiatives delivered $100 million in cumulative benefits through 2025 and are expected to provide an additional $70 million in incremental benefits in 2026, totaling $170 million.
Feb 11, 2026, 4:00 PM
Ryder System Announces Q4 and Full-Year 2025 Results, Provides 2026 Outlook, and CEO Succession Plan
R
Earnings
Guidance Update
CEO Change
- Ryder System reported Q4 2025 comparable earnings per share of $3.59 and full-year 2025 comparable EPS of $1,292, with Return on Equity (ROE) at 17%.
- The company generated $946 million in year-to-date free cash flow and $2.6 billion in operating cash flow for full-year 2025.
- For 2026, Ryder forecasts comparable EPS to increase by 12% to a range of $13.45 to $14.45, with operating revenue expected to grow approximately 3% and ROE between 17%-18%.
- Strategic initiatives are projected to deliver $70 million in incremental benefits in 2026, contributing to earnings growth, with the total expected annual benefit from these initiatives upsized to $170 million.
- Robert E. Sanchez will retire as CEO on March 31st, 2026, and John Diez will assume the role of Chief Executive Officer.
Feb 11, 2026, 4:00 PM
Ryder System Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook, and Announces CEO Transition
R
Earnings
Guidance Update
Management Change
- Ryder System reported Q4 2025 comparable EPS of $3.59 and full-year 2025 comparable EPS of $1,292, an 8% increase year-over-year, with a Return on Equity (ROE) of 17%.
- For 2026, the company forecasts comparable EPS in the range of $13.45-$14.45, representing a 12% increase at the high end, and expects operating revenue to grow approximately 3%. ROE is projected to be between 17%-18%.
- Strategic initiatives are expected to deliver $70 million in incremental benefits in 2026, contributing to a total annual benefit of $170 million, and the target for pre-tax earnings benefit by the next cycle peak has been upsized to at least $250 million.
- Free cash flow is projected to be $700 million-$800 million in 2026, a decrease from $946 million in 2025, primarily due to higher lease vehicle replacement capital expenditures. Additionally, John Diez will become Chief Executive Officer effective March 31st, 2026.
Feb 11, 2026, 4:00 PM
Ryder Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Outlook
R
Earnings
Guidance Update
Share Buyback
- Ryder System, Inc. reported Q4 2025 comparable EPS of $3.59, up 4% from the prior year, and full-year 2025 comparable EPS of $12.92, an 8% increase.
- For the full year 2025, the company achieved an adjusted return on equity (ROE) of 17% and generated $946 million in free cash flow.
- In 2025, Ryder returned $664 million to shareholders through buybacks and dividends.
- The company provided a Full Year 2026 outlook, projecting comparable EPS between $13.45 and $14.45 and an operating revenue increase of 3%.
- Net cash provided by operating activities from continuing operations is expected to be $2.7 billion in 2026, with free cash flow forecasted between $700 million and $800 million.
Feb 11, 2026, 11:55 AM
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