Ryder System (R) Financials

$140.80 +1.69 (+1.21%)

As of 04/14/2025 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	305	4,447	8,832	285	-8,992	-122	519	867	406	489
Consolidated Net Income / (Loss)	305	263	720	285	-24	-122	519	867	406	489
Net Income / (Loss) Continuing Operations	306	265	720	287	-23	-112	522	863	406	489
Total Pre-Tax Income	469	407	296	389	-42	-130	693	1,216	618	661
Total Operating Income	609	4,726	8,506	565	222	109	841	1,412	1,055	1,013
Total Gross Profit	1,585	5,685	9,554	1,567	1,310	1,275	2,059	2,840	2,495	2,545
Total Revenue	6,572	13,516	15,392	8,392	8,926	8,420	9,920	12,461	11,979	12,708
Operating Revenue	6,572	13,516	15,392	8,392	8,926	8,420	9,920	12,461	11,979	12,708
Total Cost of Revenue	4,987	7,831	5,838	6,824	7,616	7,145	7,861	9,621	9,484	10,163
Operating Cost of Revenue	4,987	7,831	5,838	6,824	7,616	7,145	7,861	9,621	9,484	10,163
Total Operating Expenses	976	959	1,048	1,003	1,088	1,166	1,218	1,428	1,440	1,532
Selling, General & Admin Expense	823	804	871	849	907	1,044	1,187	1,415	1,421	1,478
Other Operating Expenses / (Income)	135	151	143	132	181	11	-1.00	11	40	41
Restructuring Charge	18	5.07	17	22	-	111	32	2.00	-21	13
Total Other Income / (Expense), net	-140	-135	-98	-175	-9,232	-239	-148	-196	-437	-352
Interest Expense	150	148	142	180	241	261	214	228	296	386
Other Income / (Expense), net	10	13	44	5.42	-23	22	66	32	-141	34
Income Tax Expense	163	142	-424	103	-19	-18	171	353	212	172
Net Income / (Loss) Discontinued Operations	-1.22	-2.16	-0.46	-2.31	-1.14	-10	-3.00	4.00	0.00	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	0.00	0.00	-	0.00
Basic Earnings per Share	$5.75	$4.95	$13.63	$5.41	($0.47)	($2.34)	$9.87	$17.41	$8.89	$11.29
Weighted Average Basic Shares Outstanding	52.81M	53.02M	52.61M	53.12M	53.27M	53.70M	53.80M	46.29M	43.91M	42.08M
Diluted Earnings per Share	$5.71	$4.91	$13.53	$5.38	-	($2.34)	$9.66	$17.04	$8.73	$11.06
Weighted Average Diluted Shares Outstanding	52.81M	53.02M	52.61M	53.12M	53.27M	53.70M	53.80M	46.29M	43.91M	42.08M
Weighted Average Basic & Diluted Shares Outstanding	52.81M	53.02M	52.61M	53.12M	53.27M	53.70M	53.80M	46.29M	43.91M	42.08M
Cash Dividends to Common per Share	$1.56	$1.70	$1.80	$2.12	$2.20	$2.24	$2.28	$2.40	$2.66	$3.04

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

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

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

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

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

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

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

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

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

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.

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%.

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This page (NYSE:R) was last updated on 4/15/2025 by MarketBeat.com Staff

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Ryder System (R) Financials

Frequently Asked Questions About Ryder System's Financials

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Ryder System (R) Financials

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