Ryder Q4 EPS $3.59 Misses by $0.07; Sets 2026 EPS $13.45–$14.45
Ryder reported Q4 EPS of $3.59, missing estimates by $0.07 but up 4.1%, while revenues slipped 0.4% to $3.17 billion. The company ended the quarter with $198 million cash and $7.64 billion debt, and set its 2026 EPS outlook at $13.45–$14.45 on 1% revenue growth.
1. Q4 Financial Results
Ryder reported fourth-quarter EPS of $3.59, missing the $3.66 consensus and up 4.1% year over year, while total revenues fell 0.4% to $3.17 billion versus a $3.24 billion forecast. Adjusted operating revenues rose 0.4% to $2.62 billion, reflecting share repurchases and pricing initiatives.
2. Segment Performance
Fleet Management Solutions revenues dipped 1% to $1.46 billion with operating revenues down 1% to $1.29 billion due to softer rental demand. Supply-Chain Solutions saw total revenues climb 3% to $1.38 billion and operating revenues grow 3% to $1.03 billion, while Dedicated Transportation Solutions revenues dropped 8% to $565 million with operating revenues down 4% to $452 million.
3. Liquidity and 2026 Outlook
The company ended the quarter with $198 million of cash and $7.64 billion of total debt. For 2026, management projects adjusted EPS of $13.45–$14.45 on 1% total revenue growth and 3% adjusted operating revenue growth, expects $2.7 billion net cash from operations, $700–$800 million free cash flow, $2.4 billion in capex and a 17–18% ROE.