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Ryder System R FMS — Interest Expense

Other segment segments

SCS
$5M0.0%
DTS
$1M-50.0%

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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:InterestExpense.

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,Depreciation expense and other non-cash charges, net (1) / 2026Depreciation expense and other non-cash charges, net (1) / 2025Interest expense / 2026Interest expense / 2025Purchases of property and revenue earning equipment / 2026Purchases of property and revenue earning equipment / 2025
FMS$419$439$91$95$379$655
SCS10997552030
DTS3512
CSS251464
Total$556$555$97$102$405$689

Item 1. Financial Statements (unaudited)

FAQ

What is Ryder System's FMS — interest expense?
Ryder System (R) reported FMS — interest expense of $91M in Q2 2026.
How has Ryder System's FMS — interest expense changed year-over-year?
Ryder System's FMS — interest expense decreased by 4.2% year-over-year, from $95M to $91M.
What is the long-term trend for Ryder System's FMS — interest expense?
Over 2 years (2023 to 2025), Ryder System's FMS — interest expense has grown at a 13.6% compound annual growth rate (CAGR), from $292M to $377M.
What does FMS — interest expense mean?
The cost of debt financing specifically allocated to the Fleet Management Solutions segment to support the acquisition and maintenance of the vehicle fleet. This reflects the segment's reliance on leverage to fund its asset base.

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