R RYDER SYSTEM INC

Overview and Growth

RYDER SYSTEM INC generated $12.66B of revenue in fiscal 2025, with net income of $499.00M and an operating cash inflow of $2.59B. Revenue of $12.66B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $12.64B in fiscal 2024, revenue recorded a 0.2% year-over-year increase. On a per-share basis, diluted EPS was $11.94, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 8.0% increase from fiscal 2024 diluted EPS of $11.06. At period end, total assets were $16.39B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.77x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After all reported below-operating-line items, the company recorded net income of $499.00M for the fiscal year. Measured against reported revenue, net income produced a 3.9% margin after operating costs and the remaining recognized items. The earnings statement records $685.00M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 5.4%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $184.00M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 26.9%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 16.3%, indicating the profitability achieved on book capital. Return on period-end assets was 3.0%, connecting net income with the company’s total asset base. The company moved from fiscal 2024 net income of $489.00M to $499.00M, with the current outcome ending above that comparison.

Liquidity and Capital Structure

Total assets were $16.39B, supported by $13.34B of liabilities and $3.05B of shareholder equity. Current assets were $2.47B against $2.78B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.89x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $198.00M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 7.1% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 18.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 81.4%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 1.2%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $16.67B in fiscal 2024, the current asset base moved 1.7% and finished lower. Book equity was 2.1% lower than fiscal 2024 equity of $3.12B, showing how shareholder capital changed year over year. The reported cash balance changed 28.6% from $154.00M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $2.59B, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 5.2x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $2.13B of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 82.3%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $459.00M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 3.6%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 2.8%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.