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Ryder System R Commercial rental — Lease & related maintenance and rental revenue

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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:OperatingLeaseLeaseIncome.

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)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
ChoiceLease$885$871$1,763$1,738
Commercial rental229239440458
SelectCare and other189178365352
Fuel services revenue257179453366
Total FMS revenue$1,560$1,467$3,021$2,914

Item 1. Financial Statements (unaudited)

FAQ

What is Ryder System's commercial rental — lease & related maintenance and rental revenue?
Ryder System (R) reported commercial rental — lease & related maintenance and rental revenue of $229M in Q2 2026.
How has Ryder System's commercial rental — lease & related maintenance and rental revenue changed year-over-year?
Ryder System's commercial rental — lease & related maintenance and rental revenue decreased by 4.2% year-over-year, from $239M to $229M.
What is the long-term trend for Ryder System's commercial rental — lease & related maintenance and rental revenue?
Over 3 years (2021 to 2024), Ryder System's commercial rental — lease & related maintenance and rental revenue has grown at a -3.2% compound annual growth rate (CAGR), from $1.08B to $976M.
What does commercial rental — lease & related maintenance and rental revenue mean?
This metric represents the total revenue generated from the short-term rental and associated maintenance services of commercial vehicles. It reflects the company's ability to monetize its fleet assets through flexible, non-lease agreements that cater to temporary capacity needs. This revenue stream is a key indicator of demand for spot-market transportation and fleet utilization efficiency.

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