Ryder System Earnings Estimates Cut 16.6%, Operating Costs Near $12B
Consensus earnings estimates for Ryder System’s current quarter have fallen 16.6% over 60 days, and full-year 2026 estimates are down 4.4%, reflecting weakening broker confidence. Operating expenses climbed from $10.8 billion in 2022 to $11.9 billion in 2024, and liquidity is tight with $198 million cash against $819 million current debt (current ratio 0.89).
1. Estimate Revisions
Ryder System’s current-quarter earnings estimate has been revised downward by 16.6% over the past 60 days, while the full-year 2026 consensus mark is 4.4% lower, signaling diminished analyst confidence.
2. Rising Operating Expenses
Operating costs have grown steadily from $10.8 billion in 2022 to $11.9 billion in 2024, with selling, general and administrative expenses up 1.5% in Q4 2025, accounting for 23% of total operating costs.
3. Liquidity and Debt Pressure
The company exited Q4 2025 with $198 million in cash versus $819 million in current debt, yielding a current ratio of 0.89, while long-term debt rose to $6.83 billion from $6.66 billion year-over-year, underscoring tight liquidity.