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Ryder System R Acquisitions

Acquisitions at other companies

Penske Automotive Group logo
Penske Automotive GroupPAG
$669.7M
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
$0-100%
AAR Corp logo
AAR CorpAIR
$37.4M+750%
Casella Waste Systems logo
Casella Waste SystemsCWST
$94.56M-8.7%
RXO logo
RXORXO
$0
Liquidity Services logo
Liquidity ServicesLQDT
$0-100%

Other financials

Income statement

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Revenue$3.3B+5.0%
Net income$133.0M+1.5%
EPS (diluted)$3.39+8.3%

Balance sheet

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Cash & equivalents$219.0M+21.7%
Total debt$10.4B+10.2%
Total equity$2.9B-6.3%
Total assets$16.1B-2.3%

Cash flow

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Operating cash flow$677.0M-10.0%
CapEx$405.0M-41.2%
Free cash flow$272.0M+332%

Valuation

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Market cap$10.18B+39.8%
Enterprise value$20.38B+23.1%
P/E20.5×+6.1×
P/S0.8×+0.2×

Profitability

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Gross margin59.1%
Net margin3.9%-0.1pp
FCF margin-0%0.0pp

Returns & leverage

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Return on equity16.7%+0.2pp
Debt / equity3.6×+0.5×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Ryder System in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Ryder System’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:48 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049417
(In millions)Six months ended June 30, 2026Six months ended June 30, 2025
Purchases of property and revenue earning equipment(832)(1,203)
Sales of revenue earning equipment250254
Sales of operating property and equipment56
Acquisitions, net of cash acquired(12)(1)
Other investing activities, net11
Net cash used in investing activities from continuing operations(588)(943)
Cash flows from financing activities from continuing operations:
Net borrowings (repayments) of commercial paper and other(141)(215)

Item 1. Financial Statements (unaudited)

FAQ

What is Ryder System's acquisitions?
Ryder System (R) reported acquisitions of $1M in Q2 2026.
What is the long-term trend for Ryder System's acquisitions?
Over 3 years (2021 to 2024), Ryder System's acquisitions has grown at a -1.1% compound annual growth rate (CAGR), from $325M to $314M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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