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Ryder System R Canada — Foreign earnings repatriated

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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:ForeignEarningsRepatriated.

The source filing: Ryder System’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000085961-26-000007

In 2025, we repatriated $40 million of current year earnings from our Canada subsidiaries with minimal tax cost. In 2024, we repatriated $14 million of current year earnings from our Mexico subsidiary with minimal tax cost. As of December 31, 2025, we continue to consider our U.K. earnings to no longer be indefinitely reinvested and determined that there was no impact to deferred taxes. We consider the undistributed earnings of our Mexico subsidiary generated through 2023 to be indefinitely reinvested. As of 2024, we no longer assert that the current year earnings of our Mexico subsidiary are indefinitely reinvested. We consider the undistributed earnings of our Canada subsidiary generated through 2024 to be indefinitely reinvested. During 2025, we no longer assert that current year earnings of our Canada subsidiary are indefinitely reinvested. The estimated taxes associated with the repatriation of these earnings are not material. Our remaining foreign jurisdictions are indefinitely reinvested.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Ryder System's canada — foreign earnings repatriated?
Ryder System (R) reported canada — foreign earnings repatriated of $10M in Q4 2025.
What does canada — foreign earnings repatriated mean?
This metric tracks the amount of net earnings generated by the Canadian subsidiary that have been transferred back to the parent company's home jurisdiction. It is a key indicator of the company's ability to convert international operational success into cash flow available for corporate-level capital allocation, debt repayment, or shareholder returns. This figure is influenced by regional profitability, tax regulations, and corporate treasury strategy.

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