Ryder System Q4 EPS of $3.59 Tops Estimate as Revenue Falls 1%
Ryder Q4 adjusted EPS $3.59 topped consensus by $0.02 while revenue declined 1% Y/Y to $3.175 billion. Annual strategic initiatives delivered $100 million benefit in 2025 and cash rose to $198 million, but company forecasts Q1 EPS $2.10-$2.35 and FY26 EPS $13.45-$14.45, below expectations.
1. Q4 Financial Highlights
Ryder posted adjusted EPS of $3.59, beating estimates by $0.02, on revenue of $3.175 billion, down 1% year-over-year. Cash and equivalents rose to $198 million and strategic initiatives contributed an annual benefit of $100 million in 2025.
2. Segment Performance Details
Fleet Management Solutions revenue dipped 1% to $1.47 billion with EBT down 10% to $136 million on weaker rental demand. Supply Chain Solutions revenue grew 3% to $1.38 billion but EBT fell 8% to $83 million, while Dedicated Transportation Solutions revenue dropped 8% to $565 million and EBT rose 19% to $40 million.
3. Outlook and Strategic Initiatives
Management expects Q1 EPS of $2.10–$2.35 versus prior year’s $2.69 and FY26 EPS of $13.45–$14.45 with revenue growth of 1% and operating revenue growth of 3%. Initiatives around lease pricing and maintenance cost savings are set to drive incremental benefits, assuming freight market conditions remain challenging.