Recent News
July 21, 2026 — Ryder launched the Ryder Vehicle Assurance Program, offering a free 60‑day limited warranty on DOT‑verified used commercial vehicles through year‑end to bolster retail used‑truck demand and buyer confidence.
July 9, 2026 — The board declared a quarterly cash dividend of $1.01 per share, payable September 18, 2026, marking the company’s 200th consecutive quarterly cash dividend and an 11% increase versus the prior quarterly rate.
Aug 4, 2026 — CEO John Diez scheduled a presentation at Deutsche Bank’s Chicago Industrials Summit in mid‑August; Ryder also received a top‑10 industry ranking on TIME’s inaugural “America’s Best Companies 2026” list.
Technical Analysis
ADX at 28.11 indicates a strong trend strength; this suggests the present directional forces carry conviction and can sustain near‑term moves. The ADX reading supports using momentum context when sizing risk around the valuation signal.
DI+ at 10.53, decreasing, signals worsening upside directional pressure; DI‑ at 25.12, dip & reversal, indicates increasing downside directional pressure. Together these directional indicators point to near‑term bearish directional bias that can amplify short swings away from intrinsic value.
MACD at -3.66, decreasing and below its signal line (-1.86), confirms bearish momentum; this implies short‑term trend continuation that may delay any immediate recovery toward the WMDST valuation level.
MRO at -4.53 (negative) signals the market price sits below the model target and normally implies mean‑reversion potential; the negative MRO offsets some bearish momentum by suggesting price has room to move higher toward intrinsic value if catalysts arrive.
RSI 47.14, decreasing, sits near neutral territory and does not indicate oversold conditions; absent a decisive oversold reading, rebounds may require positive fundamental headlines or a momentum shift to attract follow‑through.
Price sits below the 20‑day ($256.89) and 50‑day ($263.57) averages while holding above the 200‑day average ($222.19); the 12‑day EMA (price 12‑day EMA $254.02, trend decreasing) shows short‑term resistance. The gap to short MAs implies near‑term downside pressure, while the 200‑day support underpins longer‑term valuation resilience.
Price closed at $246.18, just below the 1× lower Bollinger band ($248.70), a configuration that often precedes short corrective bounces but requires confirmation given prevailing negative momentum.
Fundamental Analysis
Revenue totaled $3,354,000,000 for the period, with operating revenue growth guidance maintained at 3% for full‑year 2026 per company guidance. GAAP EPS from continuing operations registered at $3.40 in the quarter, while comparable (non‑GAAP) EPS of $3.73 exceeded the consensus estimate of $3.69 by $0.04 (a +1.08% surprise). Full‑year comparable EPS guidance tightened to a $14.40–$14.80 range.
Profitability: EBIT of $282,000,000 produces an EBIT margin of 8.41%, above the industry peer mean of 7.00% and the peer median of 7.423%. QoQ, EBIT margin expanded ~22.73%; YoY, EBIT margin declined ~6.31%. Operating margin sits at 8.26% with a QoQ increase of ~14.68% and a YoY decline of ~6.66%, indicating recent operating leverage gains offset by year‑over‑year pressure in margin mix.
Cash flow and capital: Free cash flow of $272,000,000 and a free‑cash‑flow yield of 2.79% materially exceed the industry peer mean yield of ~1.00%, reflecting improved cash conversion. Operating cash flow reached $677,000,000 and non‑GAAP free cash flow widened versus the prior year, supporting the dividend increase and continued share repurchases stated by management.
Leverage: Total debt of $8,453,000,000 and net debt near $7,238,000,000 produce a debt‑to‑equity ratio of ~294% per the provided metrics, which sits meaningfully above the industry peer mean of ~138% and median of ~136%. The company’s release reported a debt‑to‑equity of 259% as of June 30, 2026, and management targets a long‑term debt‑to‑equity band near 250–300%, highlighting elevated but managed leverage.
Returns: Return on equity at 4.62% and return on assets at 0.82% remain subdued relative to historical cyclical peaks, though QoQ ROE improved ~41.98% and RoA improved ~44.39%, signaling recent operating improvement. Earnings growth stands strong (earnings growth ~46.85%), with YoY earnings growth of ~34.01% supporting mid‑cycle recovery narratives.
Valuation: WMDST values the stock as under‑valued. Supporting evidence includes an EV/Revenue multiple (enterprise value $17,985,010,321; EVR ~5.36) and a free‑cash‑flow yield above the industry peer mean. Elevated leverage and a PE of ~68.17 versus forward PE ~55.64 reflect rich near‑term market multiples; however, the company’s guidance for higher comparable EPS and improved cash flow forms the basis for the WMDST under‑valued conclusion.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-23 |
| NEXT REPORT DATE: | 2026-10-22 |
| CASH FLOW | Begin Period Cash Flow | $ 182.0 M |
| Operating Cash Flow | $ 677.0 M | |
| Capital Expenditures | $ -405.00 M | |
| Change In Working Capital | $ -85.00 M | |
| Dividends Paid | $ -35.00 M | |
| Cash Flow Delta | $ 37.0 M | |
| End Period Cash Flow | $ 219.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.4 B | |
| Forward Revenue | $ 1.1 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.7 B | |
| Depreciation | $ 520.0 M | |
| Depreciation and Amortization | $ 556.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 3.1 B | |
| PROFITABILITY | ||
| Gross Profit | $ 667.0 M | |
| EBITDA | $ 838.0 M | |
| EBIT | $ 282.0 M | |
| Operating Income | $ 277.0 M | |
| Interest Income | — | |
| Interest Expense | $ 97.0 M | |
| Net Interest Income | $ -97.00 M | |
| Income Before Tax | $ 185.0 M | |
| Tax Provision | $ 52.0 M | |
| Tax Rate | 28.2 % | |
| Net Income | $ 133.0 M | |
| Net Income From Continuing Operations | $ 133.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.69 | |
| EPS Actual | $ 3.73 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 1.084 % | |
| Forward EPS | $ 4.43 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 16.1 B | |
| Intangible Assets | $ 1.5 B | |
| Net Tangible Assets | $ 1.3 B | |
| Total Current Assets | $ 2.5 B | |
| Cash and Short-Term Investments | $ 219.0 M | |
| Cash | $ 219.0 M | |
| Net Receivables | $ 1.8 B | |
| Inventory | — | |
| Long-Term Investments | $ 1.4 B | |
| LIABILITIES | ||
| Accounts Payable | $ 734.0 M | |
| Short-Term Debt | $ 2.0 B | |
| Total Current Liabilities | $ 3.9 B | |
| Net Debt | $ 7.2 B | |
| Total Debt | $ 8.5 B | |
| Total Liabilities | $ 13.2 B | |
| EQUITY | ||
| Total Equity | $ 2.9 B | |
| Retained Earnings | $ 2.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 75.08 | |
| Shares Outstanding | 38.347 M | |
| Revenue Per-Share | $ 87.46 | |
| VALUATION | Market Capitalization | $ 9.8 B |
| Enterprise Value | $ 18.0 B | |
| Enterprise Multiple | 21.462 | |
| Enterprise Multiple QoQ | 0.603 % | |
| Enterprise Multiple YoY | 29.275 % | |
| Enterprise Multiple IPRWA | high: 173.635 median: 57.669 mean: 54.525 R: 21.462 low: -15.168 |
|
| EV/R | 5.362 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 5.588 | |
| Asset To Liability | 1.218 | |
| Debt To Capital | 0.746 | |
| Debt To Assets | 0.525 | |
| Debt To Assets QoQ | -2.191 % | |
| Debt To Assets YoY | -0.778 % | |
| Debt To Assets IPRWA | high: 0.875 R: 0.525 median: 0.402 mean: 0.359 low: 0.08 |
|
| Debt To Equity | 2.936 | |
| Debt To Equity QoQ | -3.736 % | |
| Debt To Equity YoY | 3.492 % | |
| Debt To Equity IPRWA | R: 2.936 high: 2.049 mean: 1.384 median: 1.357 low: 0.166 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.387 | |
| Price To Book QoQ | 20.702 % | |
| Price To Book YoY | 48.774 % | |
| Price To Book IPRWA | high: 12.397 median: 6.111 mean: 5.853 R: 3.387 low: -4.223 |
|
| Price To Earnings (P/E) | 68.173 | |
| Price To Earnings QoQ | -16.459 % | |
| Price To Earnings YoY | 42.611 % | |
| Price To Earnings IPRWA | high: 138.415 mean: 78.606 R: 68.173 median: 61.477 low: 9.443 |
|
| PE/G Ratio | 1.455 | |
| Price To Sales (P/S) | 2.907 | |
| Price To Sales QoQ | 13.759 % | |
| Price To Sales YoY | 32.399 % | |
| Price To Sales IPRWA | high: 10.328 mean: 4.707 median: 4.032 R: 2.907 low: 0.724 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 55.645 | |
| Forward PE/G | 1.188 | |
| Forward P/S | 9.16 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.527 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.208 | |
| Asset Turnover Ratio QoQ | 7.868 % | |
| Asset Turnover Ratio YoY | 7.111 % | |
| Asset Turnover Ratio IPRWA | high: 0.856 mean: 0.36 median: 0.319 low: 0.258 R: 0.208 |
|
| Receivables Turnover | 1.945 | |
| Receivables Turnover Ratio QoQ | 4.125 % | |
| Receivables Turnover Ratio YoY | 0.936 % | |
| Receivables Turnover Ratio IPRWA | high: 2.694 mean: 2.075 median: 2.043 R: 1.945 low: 1.334 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 46.904 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 20.613 | |
| Cash Conversion Cycle Days QoQ | -12.427 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 32.066 median: 27.305 mean: 25.378 R: 20.613 low: 10.553 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -2.401 | |
| CapEx To Revenue | -0.121 | |
| CapEx To Depreciation | -0.779 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 8.4 B | |
| Net Invested Capital | $ 10.3 B | |
| Invested Capital | $ 10.3 B | |
| Net Tangible Assets | $ 1.3 B | |
| Net Working Capital | $ -1.40 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.056 | |
| Current Ratio | 0.646 | |
| Current Ratio QoQ | -4.742 % | |
| Current Ratio YoY | -20.844 % | |
| Current Ratio IPRWA | high: 1.825 mean: 1.296 median: 1.255 low: 0.789 R: 0.646 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.087 | |
| Cost Of Debt | 0.812 % | |
| Interest Coverage Ratio | 2.907 | |
| Interest Coverage Ratio QoQ | 31.163 % | |
| Interest Coverage Ratio YoY | 3.684 % | |
| Interest Coverage Ratio IPRWA | high: 54.34 mean: 12.531 median: 5.275 R: 2.907 low: -5.18 |
|
| Operating Cash Flow Ratio | 0.161 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 26.29 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.8 | |
| Dividend Payout Ratio | 0.263 | |
| Dividend Rate | $ 0.91 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.857 % | |
| Revenue Growth | 6.883 % | |
| Revenue Growth QoQ | -547.82 % | |
| Revenue Growth YoY | 359.786 % | |
| Revenue Growth IPRWA | high: 25.849 % mean: 9.981 % median: 7.697 % R: 6.883 % low: 4.196 % |
|
| Earnings Growth | 46.85 % | |
| Earnings Growth QoQ | -260.182 % | |
| Earnings Growth YoY | 34.014 % | |
| Earnings Growth IPRWA | high: 68.317 % R: 46.85 % mean: 37.98 % median: 19.259 % low: -223.077 % |
|
| MARGINS | ||
| Gross Margin | 19.887 % | |
| Gross Margin QoQ | 2.977 % | |
| Gross Margin YoY | -3.969 % | |
| Gross Margin IPRWA | R: 19.887 % high: 16.633 % mean: 13.034 % median: 13.007 % low: 9.711 % |
|
| EBIT Margin | 8.408 % | |
| EBIT Margin QoQ | 22.727 % | |
| EBIT Margin YoY | -6.307 % | |
| EBIT Margin IPRWA | high: 11.423 % R: 8.408 % median: 7.423 % mean: 7.0 % low: -1.483 % |
|
| Return On Sales (ROS) | 8.259 % | |
| Return On Sales QoQ | 14.676 % | |
| Return On Sales YoY | -6.657 % | |
| Return On Sales IPRWA | high: 12.314 % R: 8.259 % median: 7.423 % mean: 6.858 % low: 0.676 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 272.0 M | |
| Free Cash Flow Yield | 2.789 % | |
| Free Cash Flow Yield QoQ | 43.393 % | |
| Free Cash Flow Yield YoY | 209.889 % | |
| Free Cash Flow Yield IPRWA | high: 3.601 % R: 2.789 % mean: 0.996 % median: 0.744 % low: -1.661 % |
|
| Free Cash Growth | 74.359 % | |
| Free Cash Growth QoQ | -236.062 % | |
| Free Cash Growth YoY | -237.664 % | |
| Free Cash Growth IPRWA | high: 151.389 % R: 74.359 % median: 4.349 % mean: -4.708 % low: -173.623 % |
|
| Free Cash To Net Income | 2.045 | |
| Cash Flow Margin | 18.903 % | |
| Cash Flow To Earnings | 4.767 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.823 % | |
| Return On Assets QoQ | 44.386 % | |
| Return On Assets YoY | 3.262 % | |
| Return On Assets IPRWA | high: 5.369 % mean: 1.705 % median: 1.649 % R: 0.823 % low: -0.563 % |
|
| Return On Capital Employed (ROCE) | 2.322 % | |
| Return On Equity (ROE) | 0.046 | |
| Return On Equity QoQ | 41.979 % | |
| Return On Equity YoY | 8.4 % | |
| Return On Equity IPRWA | high: 0.126 mean: 0.054 median: 0.05 R: 0.046 low: -0.011 |
|
| DuPont ROE | 4.636 % | |
| Return On Invested Capital (ROIC) | 1.961 % | |
| Return On Invested Capital QoQ | 22.105 % | |
| Return On Invested Capital YoY | 3.211 % | |
| Return On Invested Capital IPRWA | high: 12.31 % mean: 3.527 % median: 2.945 % R: 1.961 % low: -0.781 % |
|